The Kushner family's business has dropped its $150 million bid to redevelop a Jersey City industrial site into a massive housing complex, per Bloomberg.
The intrigue: A Kushner spokesman said that the company dropped its plan "late last year," but Jersey City representatives thought the deal was on as recently as a few weeks ago.
Why it matters: Kushner Companies LLC might be feeling the heat after controversy regarding possible conflicts of interest — given Jared Kushner's senior White House role — reached a fever pitch last weekend when Kushner's sister pitched Chinese investors on a controversial U.S. visa program offered to wealthy foreign financiers.
James Comey's firing is raising questions about what will happen with the FBI's Russian investigation, while the Senate Intelligence Committee is signaling its probe is moving full steam ahead. Here's what we know:
Senators investigating Russian campaign meddling have asked the Treasury's Financial Crimes Enforcement Network (FinCEN) for information about Trump and his associates, per CNN.
Why it matters: FinCEN has been investigating the connection between money-laundering and purchases of U.S. real estate. Mark Warner, the top Democrat on the Senate Intel Committee, said the probe is trying "to follow the intel no matter where it leads."
Warner's leverage: Warner said he would not support Trump's nominee to oversee terrorism and finance at the Treasury Department, Sigal Mandelker, until the materials are provided.
What to expect: Trump's real estate empire, as well as his associates' real estate deals, are likely to come under tighter scrutiny.
President Trump's firing of FBI Director James Comey renewed recommendations that the ongoing investigation of possible collusion between Trump campaign associates and Russian operatives will require the appointment of an independent special counsel.
