Nov 14, 2017

Sessions: It "would be wrong" to use Justice Department against political opponents

Attorney General Jeff Sessions is sworn in before the House Judiciary Committee on Capitol Hill, Tuesday, Nov. 14. Photo: Alex Brandon / AP

Attorney General Jeff Sessions told lawmakers on the House Judiciary Committee Tuesday "the Department of Justice can never be used to retaliate politically against opponents. That would be wrong," but also hedged when asked if he was recused from investigating Hillary Clinton.

Why it matters: Sessions on Monday directed federal prosecutors to report directly to him and the deputy attorney general in assessing whether a special counsel should investigate the Hillary Clinton-era sale of Uranium One and "unlawful dealings related to the Clinton Foundation." Sessions recused himself in March from investigating "any matters related in any way to the campaigns for President of the United States."

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Federal Reserve: Coronavirus poses "evolving risk" to the economy

Federal Reserve chairman Jerome Powell. Photo: Sarah Silbiger/Getty Images

Federal Reserve chairman Jerome Powell took the rare move Friday of issuing a statement meant to reassure investors, one that opened the door to a possible interest rate cut.

Why it matters: The Fed rarely issues statements like this outside of policy meetings and scheduled public appearances. It came as the stock market continues its steep decline this week. Stocks briefly pared some losses after the 2:30 p.m. EST statement came out.

Federal court temporarily halts "Remain in Mexico" program

Migrant wearing a cap with U.S. flagin front of the border between Guatemala and Mexico. Photo: Jair Cabrera Torres/picture alliance via Getty Image

The 9th Circuit Court of Appeals upheld a lower court's earlier injunction on Friday, temporarily stopping the Trump administration from enforcing the Migrant Protection Protocols (MPP) — known as the "Remain in Mexico" policy.

Why it matters: Tens of thousands of migrants seeking asylum have been forced to wait out their U.S. immigration court cases across the border in Mexico under the policy. The Trump administration has long credited this program for the decline in border crossings following record highs last summer.

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