FROM Tom Petruno
Economic Malaise Grows as Oil and Gas Continue to Rise Global financial markets were still in shock when they opened today after Friday's huge jump in oil prices and the big Wall Street decline. Yesterday, the average price of gasoline in the US hit $4 a gallon. The big fear is a "vicious cycle," according to Tom Petruno, financial writer and columnist at the Los Angeles Times .
Economic Trouble in an Election Year For the first time since the markets reopened after September 11, the Federal Reserve today stunned Wall Street by making an emergency cut in interest rates. In 2001, it was a half a percentage point; today it was three-quarters, a week earlier than expected, and bigger than any such cut since 1982. The Dow plunged anyway, then went back up in supposedly hard-hit sectors, including home-repair and high finance. Overall, the markets were down. Is a recession around the corner or already here? The White House and Congress are working up a " fiscal stimulus package ." Will it make things better or worse? What's the role of election year politics?
Trump's Russia ties intensify with Comey firing Acting FBI Director Andrew McCabe contradicted the Trump White House today, insisting the Bureau had not lost faith in former Director James Comey. He promised to notify the committee of any interference into investigation of the Trump campaign's contacts with Vladimir Putin's Russia. What do we know about those contacts… and how they relate to Trump's business interests and those of his family?
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Trump, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.
Concern deepens amid Trump's controversies President Trump delivered today's commencement speech to the Coast Guard Academy in Connecticut. As he praised the accomplishments of the graduates, he listed some of his own… and made reference to reports that he leaked intelligence to the Russians and tried to shut down an FBI Investigation into his associates.