What We’re Following
Investigation Updates: Special Counsel Robert Mueller is reportedly moving forward in his probe of the 2016 election and its aftermath: He’s interviewed numerous members of President Trump’s inner circle, and is said to be negotiating a meeting with Trump himself. The president and his allies have sought to cast doubt on the investigators. The histories at play—President Trump’s of false statements, and the FBI’s of political abuses—present what David A. Graham describes as an epistemic quandary: “How can you place your faith in either side?”
Money Matters: The Senate voted by a wide margin to confirm Jerome Powell as chairman of the Federal Reserve. Though Powell, a moderate, is expected to please both Democrats and Republicans, his confirmation is a victory for President Trump, who’s now a step closer to his policy goal of deregulation. Meanwhile, Bank of America is one of several major banks that have moved away from offering free checking accounts—an industry shift that’s likely to hinder low-income Americans’ access to financial services.
Whither the Wall? As lawmakers scrambled to stave off a shutdown last week, Senate Minority Leader Chuck Schumer reportedly offered President Trump the funding to build his promised wall on the Mexican border—only to withdraw the offer after the president declined the deal. Yet the would-be concession demonstrates a notable shift in Democrats’ attitude toward the wall: Many once abhorred it, but now see Trump’s other immigration plans as potentially more damaging. One of those working on a compromise is Senator Michael Bennet, who says his constituents across the political spectrum disagree with the president’s views on immigration.