Sep 18, 2019

Pentagon halts 3 planned border projects over lack of funding

A Customs and Border Protection helicopter flies over the U.S.-Mexico border wall on April 5 in Mexicali, Mexico. Photo: Luis Boza/VIEWpress/Corbis via Getty Images

The Defense Department halted 3 planned "border barrier" construction projects on Sept. 13 after the U.S. Army Corps of Engineers (USACE) determined there were insufficient savings to move forward, per a court filing obtained by Politico this week.

The big picture: The USACE overestimated how much money would be available for these projects after the Pentagon redirected $2.5 billion in July for border wall construction. These projects would have been funded with money "left over" from the $2.5 billion, per Politico.

  • Green-lit in late August, the plans would have supplied "roughly 20 additional miles of border fence, roads, and lighting" in Arizona and California, Politico reports.
  • The USACE determined in August that "lower-than expected contract costs may yield sufficient savings" for these proposals, per the court filing.

Go deeper: Pentagon halts 127 projects to fund $3.6 billion of Trump's border wall

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House Judiciary alleges Trump may have lied in Mueller report

Photo: Jabin Botsford/The Washington Post via Getty Images

Lawyers for House lawmakers have suggested they believe President Trump may have lied to former special counsel Robert Mueller about his knowledge of his campaign's connections to WikiLeaks, according to a court filing obtained by Politico Monday.

The big picture: The filing forms part of the House Judiciary Committee's efforts to obtain Mueller's grand-jury documents, which are currently secret. The House alleges redacted parts of the Mueller report could be detailed by the documents and potentially show that Trump knew of his campaign's contacts with WikiLeaks.

Go deeperArrowOct 1, 2019

Trump suggested shooting southern border migrants, NYT book excerpt claims

Photo: Jabin Botsford/The Washington Post via Getty Images

An adaptation published Tuesday of the upcoming book "Border Wars: Inside Trump’s Assault on Immigration," details President Trump's plans to secure the southern border with snake-filled trenches and shooting migrants in the legs to slow them down.

The big picture: The book by New York Times reporters Michael D. Shear and Julie Hirschfeld Davis is based on interviews with more than a dozen anonymous White House and administration officials involved in Trump's attempts to implement immigration policy and fulfill his campaign promises on the issue.

Go deeperArrowOct 2, 2019

Investors sell stocks and hide cash in money market funds

Data: Investment Company Institute; Chart: Andrew Witherspoon/Axios

Investors moved an additional $20.2 billion into money market funds last week, while pulling $13.8 billion out of equity funds, data from the Investment Company Institute shows.

Why it matters: The increased desire for money market funds, which are ostensibly savings accounts, has come as yields on the 10-year Treasury note fell from 2.51% on April 3 to 1.59% on Oct. 2, showing it's fear rather than greed driving fund flows.

Go deeperArrowOct 11, 2019