Jul 27, 2017

Russia sanctions heading to Trump's desk

Evan Vucci / AP

The Senate passed new sanctions on Russia, Iran and North Korea by a 98-2 margin on Thursday. The bill had already passed the House 419-3, and is now headed to President Trump's desk.

White House Communications Director Anthony Scaramucci has said Trump might veto the sanctions, which limit his ability to dial back sanctions on Moscow in the future. The administration has said Trump wants flexibility to deal with Russia as he sees fit.

But the wide margins by which the bill passed both houses of Congress mean Trump would be risking an override of his veto should he decline to sign the sanctions into law.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.