“A plan to scale back post-financial crisis banking rules cleared a key Senate hurdle Tuesday, with a bipartisan coalition voting to move the measure toward passage,” including Sens. Jon Tester (D-MT), Heidi Heitkamp (D-ND), and Joe Donnelly (D-IN).
“If passed, the measure would mark the most significant revision of banking rules since Congress passed a sweeping financial regulatory law in response to the 2008 economic crisis.” The trio “helped negotiate the banking legislation with its GOP sponsor, Banking Committee Chairman Mike Crapo.” (Washington Post)
Sens. Debbie Stabenow (D-MI) and Bill Nelson (D-FL) also voted to advance the bill. (Washington Examiner)
UNLIKELY SUPPORT. President Trump might have some support for his controversial trade tariffs from an unlikely place: Senate Democrats. Senators Bob Casey (D-PA), Sherrod Brown (D-OH), and Joe Manchin (D-WV) represent states with a heavy investment in metal industries that also voted for Trump in 2016. Trump’s tariffs on aluminum and steel offer the three senators “a chance to tout their bipartisan credentials and defend their home-state metals industries all at once.”
Casey, who has emerged as a strong critic of Trump, admitted that agreeing with the president on an issue “doesn’t happen that often” and said “I’m happy to see action being taken.”
Brown said he might’ve went about the issue a different way, but “I have urged him to move on this, and I did it publicly, and I’m glad he has moved on this.”
“Manchin described the issue as ‘one of the many’ things he and Trump agree on, adding that the tariffs push is “a chance to look at all these agreements we have, what they’ve done to our country and find out a way to correct it.” (Politico)
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"Trump is ready to oust Lt. Gen. H.R. McMaster and find a new national security adviser before the North Korea meetings in May, multiple sources told CNN Thursday. The move may be delayed because there's no final decision on a replacement, sources say. The timing of an announcement is unclear -- one source said it could come as soon as Friday, though others say that is unlikely."
"Robert S. Mueller III has subpoenaed the Trump Organization to turn over documents, including some related to Russia, according to two people briefed on the matter. The order is the first known time that the special counsel demanded documents directly related to President Trump’s businesses." The subpoena is proof that the investigation will likely drag on "for at least several more months," and also indicates Mueller may be "broadening his investigation to examine the role foreign money may have played in funding Mr. Trump’s political activities."
"Documents marked 'HIGHLY CONFIDENTIAL PROCEEDING' for the first time tie President Donald Trump’s flagship holding company to the continuing effort to silence a former adult-film actress who says she had an affair with Mr. Trump. A Trump Organization lawyer, Jill A. Martin, is listed as counsel in an arbitration demand for Essential Consultants LLC, a Delaware company formed by Mr. Trump’s personal lawyer and used to pay $130,000 to Stephanie Clifford in exchange for her silence, according to Feb. 22 arbitration documents filed in Orange County, Calif."