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Mulvaney brings donuts to CFPB on first day of work

Mick Mulvaney has showed up for work at the Consumer Financial Protection Bureau, carrying Dunkin', per the NYT's Katie Rogers' tweet: "Mulvaney brings donuts to his first day at CFPB." This is his first day on the job as acting director of the bureau after President Trump appointed him to head it up following former director Richard Cordray's resignation last week.

The only problem: The deputy director, Leandra English, has sued the Trump administration over the appointment. She claims she is the acting director since the deputy director is to act as acting director when the top position is vacant.

Dan Primack 2 hours ago
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Why the stock markets are tanking

Stock market trader adjusts his glasses.
Photo by Xinhua/Wang Ying via Getty Images

Stock markets are down sharply on Thursday, with the Dow Jones Industrial Average off around 2.3% as of 3:20 p.m. EST.

Three key drivers: Tariffs, inter-bank lending rates and Facebook's troubles.

Caitlin Owens 5 hours ago
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How Congress missed yet another chance for an immigration deal

Congressional leaders with President Trump
Congressional leaders with President Trump. Photo: Olivier Douliery - Pool / Getty Images

Congressional leaders and the White House failed to come to an agreement on temporary protections for Dreamers over the past week as part of the giant spending bill, leaving the issue unresolved.

Why it matters: After all of the fighting over President Trump's decision to end DACA — including a government shutdown over it — the White House and Congress ended up with nothing. The issue is currently tied up in the courts. And though both sides agree it's better to give Dreamers more certainty over their future, they just can't agree how to do it.