Updated Apr 2, 2019

Trump blasts Dems for disaster aid bill block over Puerto Rico funds

Photo: Nicholas Kamm/AFP/Getty Images

President Trump on Monday night criticized Democrats for blocking a GOP disaster aid bill because they said funding for Puerto Rico did not go far enough for the hurricane-devastated U.S. territory.

What he's saying: "The Democrats today killed a Bill that would have provided great relief to Farmers and yet more money to Puerto Rico despite the fact that Puerto Rico has already been scheduled to receive more hurricane relief funding than any 'place' in history," Trump began, in the first of a series of tweets on the issue.

Details: Trump tweeted the Democrats should stop fighting the bill, which would provide $13.45 billion in funding for states and territories for the recent wildfires, hurricanes and storms, including this month's Midwest flooding.

The backdrop: Senate Democrats voted against the $13.5 billion disaster-recovery funding measure because they said the $600 million allocated in the bill for nutrition assistance to Puerto Rico was insufficient.

The big picture: Trump has repeatedly criticized authorities on the Caribbean island for their handling of recovery efforts following Hurricane Maria. He doesn't want to give Puerto Rico any more federal aid.

  • Trump has traded barbs with Puerto Rico Gov. Ricardo Rosselló, who announced last week legislative plans for Puerto Rican statehood — which would be the first of its kind to automatically make Puerto Rico a state without conditional requirements.

Go deeper: Trump wants no more relief funds for Puerto Rico

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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 restructure 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.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.