“WASHINGTON (Reuters) – Representative Jeb Hensarling, the Republican chairman of the U.S. House of Representatives Financial Services Committee, announced on Tuesday that he would retire from Congress at the end of 2018, marking the exit of Congress’s leading advocate for rolling back strict financial rules.
Hensarling, 60, of Texas, said in a statement that he would not seek re-election, noting that his term as head of the banking panel expires at the same time. He has been a vocal proponent of significant deregulation in the financial sector and an author of sweeping legislation to drastically reduce the regulations imposed on banks.” MORE
“The credibility of Attorney General Jeff Sessions has been called into serious question after the Justice Department unsealed a plea deal taken by a former foreign policy adviser to President Donald Trump’s campaign.
The documents revealed that former adviser George Papadopoulos attended a “national security meeting in Washington D.C.,” on March 31, 2016, along with Trump, Sessions and others. In that meeting, Papadopoulos “introduced himself,” and explicitly stated “in sum and substance, that he had connections that could help arrange a meeting between then-candidate Trump and [Russian] President Putin.” MORE
“A government report predicting it will cost $1.2 trillion to upgrade the U.S. nuclear arsenal is raising alarms that the Pentagon severely underestimated what it will take to replace its current weapons — and sparked calls Tuesday for the Trump administration to reevaluate a modernization plan first proposed by former President Barack Obama.
The nonpartisan Congressional Budget Office estimated it will cost at least $1.2 trillion between 2017 and 2046 to introduce the mix of nuclear-armed submarines, bombers and missiles that are now under construction. That’s a higher price tag than some previous estimates had offered.” MORE