President Trump signed two executive actions designed to reorient regulation of the financial sector. The first executive order lists “Core Principles” of financial regulation and instructs the Secretary of the Treasury to outline corresponding changes to the current regulatory system in 120 days. Another executive memo orders a Department of Labor review of the Fiduciary Duty Rule to see “whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice.” While neither order mentions the Dodd-Frank Act directly, White House Press Secretary Sean Spicer prefaced the signings in this morning’s press conference by saying that Obama era financial regulation is “hindering our markets, reducing the availability of credit, and crippling our economy’s ability to grow and create jobs” (3:40).
In response to a ballistic missile test in Iran, the Treasury Department announced new sanctions against a list of Iranian individuals and organizations. In an interview with “Meet the Press,” Speaker of the House Paul Ryan declared support for the President’s new sanctions but stated that the Iran nuclear deal was likely to remain in place.
This evening a federal judge in Seattle joined a number of jurisdictions in issuing a temporary halt on President Trump’s immigration order; the halt is reportedly effective nationwide.
Continue reading...
In response to a ballistic missile test in Iran, the Treasury Department announced new sanctions against a list of Iranian individuals and organizations. In an interview with “Meet the Press,” Speaker of the House Paul Ryan declared support for the President’s new sanctions but stated that the Iran nuclear deal was likely to remain in place.
This evening a federal judge in Seattle joined a number of jurisdictions in issuing a temporary halt on President Trump’s immigration order; the halt is reportedly effective nationwide.
Continue reading...