Jul 3, 2018

Senate committee to take up paid family leave plan

Ivanka Trump stands as she's acknowledged by President Trump. Photo: Cheriss May/NurPhoto via Getty Images

The Senate Finance Committee will hold a hearing, chaired by Senator Bill Cassidy (R-La.) on July 11, on paid family leave policy.

Why it matters: It’s a rare sign of movement from the Republican Senate on an issue that isn't a traditional focus for Republicans. In pushing this policy from the White House, Ivanka Trump has had to contend with a skeptical chief of staff, John Kelly — who's described the plan as a "pet project" — and a myriad of other skeptics on Capitol Hill and inside the conservative movement. She has been working on this for 17 months in the White House, meeting with members of both parties. She has gained the approval of key voices, including Senators Marco Rubio (R-Fla.), Mike Lee (R-Utah), and Joni Ernst (R-Iowa).

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Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Roger Stone sentenced to more than 3 years in prison

Roger Stone arriving for his sentencing hearing. Photo: Mark Wilson/Getty Images

Longtime Trump associate Roger Stone was sentenced Thursday to 4o months in prison for crimes that include obstruction of justice, lying to Congress and witness tampering.

Why it matters: Stone is the seventh person to be convicted and sentenced for crimes unearthed by former special counsel Robert Mueller's investigation. His case has been at the heart of ongoing tensions between President Trump and his Justice Department.