Mnuchin’s attempts to calm the markets have opposite effect, leave bank CEOs ‘totally baffled’

(CNN)Facing pressure from President Donald Trump to stabilize nervous equity markets, Treasury Secretary Steven Mnuchin publicly declared this weekend that his boss wasn’t planning to fire the Federal Reserve chairman and that markets have enough liquidity for lending. The CEOs who spoke individually by phone Sunday with Mnuchin were “totally baffled” by the sessions, according to a person familiar with the calls, who said the executives found the encounters puzzling and largely unnecessary. “It was totally out of left field …

Elijah Cummings calls for Cohen testimony in January

Washington (CNN)Maryland Democratic Rep. Elijah Cummings said Sunday that once his party retakes control of the House, he hopes President Donald Trump’s estranged former attorney Michael Cohen will testify before Congress. Cummings compared potential testimony from Cohen to that of John Dean, a White House counsel whose testimony against President Richard Nixon played a central role in his downfall. “I think this is a watershed moment,” Cummings said, adding, “Mr. Cohen should come forward and let us know what he …

Here’s what’s at risk in the Texas Obamacare ruling

(CNN)Whether you know it or not, Obamacare has affected nearly every American. And most importantly for many folks, Obamacare prevents insurers from turning away or charging more to those with pre-existing conditions. This provision proved so popular that even Republican candidates found themselves promising to defend it in the recent midterm election in an unsuccessful bid to retain their majority in the House. Some 52 million people, or 27% of non-elderly adults, have a pre-existing condition that would have prevented …

Mueller investigating 2017 meeting between Manafort and Ecuador’s President

Washington (CNN)Special counsel Robert Mueller’s team has been investigating a meeting between former Trump campaign chairman Paul Manafort and Ecuadorian President Lenin Moreno in Quito in 2017 and has specifically asked if WikiLeaks or its founder, Julian Assange, were discussed in the meeting, a source with personal knowledge of the matter tells CNN. “I have never met Julian Assange or anyone connected to him,” Manafort said in a statement. “I have never been contacted by anyone connected to Wikileaks, either …

Donald Trump buried a climate change report because ‘I don’t believe it’

(CNN)President Donald Trump on Monday dismissed a study produced by his own administration, involving 13 federal agencies and more than 300 leading climate scientists, warning of the potentially catastrophic impact of climate change. Just over eight years ago, he tweeted this: “The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.” In 2014, he penned this tweet: “It’s late in July and it is really cold outside in New York. Where …

Trump hints administration changes could include John Kelly, Kirstjen Nielsen

(CNN)President Donald Trump said Sunday that he anticipates shifting several positions in his administration, hinting that the departures could include Homeland Security Secretary Kirstjen Nielsen and White House chief of staff John Kelly. “I like her a lot. I respect her a lot. She’s very smart,” Trump said of Nielsen. “I want her to get much tougher, and we’ll see what happens there. But I want to be extremely tough.” When asked the chances that she would remain homeland security …

Bloomberg donates record $1.8B to Johns Hopkins

(CNN)Michael Bloomberg, the former New York mayor who is weighing a 2020 presidential run, is donating $1.8 billion to his alma mater, Johns Hopkins. “America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,” he wrote. Improving access to top colleges and universities for students who can’t afford it has long been a focus of Bloomberg’s philanthropic efforts. Bloomberg’s foundation supports several programs dedicated to helping high-achieving, lower-income …

Trump on China: ‘Can’t have trade that’s meant for stupid people’

Washington (CNN Politics)President Donald Trump on Friday raised the prospect of ending his escalating trade war with China, but signaled US negotiators still want more a few more concessions from their largest trading partner. Trump, who has made the US economic relationship with China a centerpiece of his presidency, reiterated that he wants a deal both sides can be happy with. “I don’t want to put them in a bad position,” said Trump. “I want to put them in a …

Pence drops key US demand for Trump-Kim summit

Washington (CNN)Vice President Mike Pence said Thursday that the US will not require North Korea to provide a full list of its nuclear and missile sites before President Donald Trump meets with dictator Kim Jong Un for a second summit slated for early next year. “Now we need to see results,” Pence added. State Department spokeswoman Heather Nauert said Thursday that the Trump administration’s approach to dealing with North Korea will take time but bi-lateral engagement between the country’s two …

Here’s when key Florida counties will begin their recount efforts

(CNN)A handful of key counties in Florida have announced when they will start their machine recounts of ballots in three statewide races with razor-thin margins. The machine recount process must be completed in all of Florida’s 67 counties by 3 p.m. ET on Thursday. According to the unofficial results initially filed by the counties, Republican former Rep. Ron DeSantis was ahead of Tallahassee Mayor Andrew Gillum, the Democratic gubernatorial nominee, by nearly 34,000 votes, or a .41% difference. In the …

Democrats flip Arizona US Senate seat with Sinema victory

(CNN)Democratic Rep. Kyrsten Sinema will win Arizona’s US Senate race, defeating Republican Rep. Martha McSally and flipping a seat that had been in GOP hands for 24 years. The win comes despite President Donald Trump and Republicans pushing false conspiracy theories about why ballots in Arizona were taking so long to count. Trump tweeted Friday that “electoral corruption” was taking place and suggested Arizona should have a new election. The National Republican Senatorial Committee, in an email to reporters, accused …