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Showing posts with the label The Finance 202 I The Washington Post.

The Finance 202: Saudi Arabia faces mounting congressional backlash I The Washington Post

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washingtonpost.com By Tory Newmyer THE TICKER Saudi Arabia has found a defender in President Trump as the regime weathers international condemnation for its alleged role in the death of Post journalist Jamal Khashoggi.  But the kingdom faces a bipartisan backlash on Capitol Hill that the Trump administration may find difficult to contain. Bipartisan congressional outrage was on display Sunday as a chorus of senior lawmakers advocated a range of punishments — including sanctions and cutting off arms sales that Trump has sought to preserve. Among those calls: Senate Foreign Relations Committee Chairman Bob Corker (R-Tenn.) said sanctions “should be put in place for anybody who has had anything to do with it.” No. 2 Senate Democrat Dick Durbin (D-Ill.) said the Saudi ambassador should be formally expelled from the United States if an investigation implicates Crown Prince Mohammed bin Salman in Khashoggi’s killing.  Rep. Adam B. Schiff (C

The Finance 202: Trump's trade rhetoric does not match reality for farmers I The Washington Post.

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washingtonpost.com The Finance 202: Trump's trade rhetoric does not match reality for farmers 20-25 minutes THE TICKER President Trump is over-promising to farmers as his administration looks primed to under-deliver.  The expectations mismanagement sets up a reckoning with a key voting bloc that is already divided on the president's push to rip up trade alliances in search of better terms.   Trump is heralding the trade truce he struck last week with European Commission President Jean-Claude Juncker as a “breakthrough,” telling an Iowa rally last Thursday that he “just opened up Europe for you farmers.”  Not so, European officials say. “On agriculture, I think we’ve been very clear on that — that agriculture is out of the scope of these discussions,” a European Commission representative said Friday, per the Wall Street Journal . In fact, the world’s two largest economies are engaging on a pair of agri