May 12, 2018

This week’s top collisions between D.C. and Big Business

Trump meets with automakers at the White House. Photo: Alex Edelman/Pool/Getty Images

Corporate America collided with Washington this week, leaving several clear winners and losers.

The collisions...

  • Drug industry relieved by Trump price proposal: "[T]he announcement ... represented a shift and arguably a reversal for Mr. Trump, who ... said he would embrace more far-reaching ideas." (Wall Street Journal)
  • AT&T’s top Washington official out over hiring of Trump’s lawyer: "Robert Quinn, a veteran lobbyist and attorney who’d led the office, was forced out and AT&T’s Chief Executive Officer Randall Stephenson ... called the hiring of [Michael] Cohen a 'big mistake.'" (Bloomberg)
  • "Michael Cohen ... made an overture to provide consulting services to Ford ... in January 2017 but was quickly rebuffed ... Mueller’s team has ... requested information about the outreach, including emails and records." (WSJ)
  • Open Skies: "The United States and United Arab Emirates signed a deal ... to resolve U.S. claims that Gulf carriers have received unfair government subsidies. ... UAE said it agreed to ensure financial transparency." (Reuters)

Go deeper

Trump again nominates Rep. John Ratcliffe for intelligence chief

Ratcliffe at CPAC on Feb. 27. Photo: Michael Brochstein/Echoes Wire/Barcroft Media via Getty Images

President Trump again nominated Rep. John Ratcliffe (R-Texas) as Director of National Intelligence (DNI), in a tweet on Friday.

Catch up quick: If confirmed, Ratcliffe would eventually replace Richard Grenell, a staunch defender of Trump and former U.S. ambassador to Germany who was installed as the acting DNI only a few weeks ago. Grenell would have had to leave the post on March 11 unless Trump formally nominated someone else to oversee the U.S. intelligence community, the New York Times reports.

Go deeperArrowUpdated 45 mins ago - Politics & Policy

House Democrats lose appeal to force McGahn testimony

Photo: Alex Wong / Staff

Democrats in the House lost an appeal to force former White House counsel Don McGahn to comply with a subpoena, Politico was the first to report.

Why it matters: McGahn was seen as a crucial witness in the House investigation into whether President Trump tried to obstruct the Mueller inquiry into Russian interference in the 2016 presidential election . The U.S. Court of Appeals for the District of Columbia Circuit ruled 2-1 on Friday that it did not have the authority to resolve the dispute between the executive and legislative branches.

Go deeperArrowUpdated 51 mins ago - Politics & Policy