The Daily Beast reports tensions between Treasury Secretary Steven Mnuchin and White House trade adviser Peter Navarro boiled over during a trip to China two weeks ago, resulting in what administration officials described as a “screaming match.”
Trade hardliner Navarro and Mnuchin have been at loggerheads for weeks over trade talks with China. Navarro, writes the Daily Beast, exploded at the Treasury secretary after finding out Mnuchin held a closed-door meeting with his Chinese counterpart without other U.S. officials. Mnuchin is leading talks with Chinese Vice Premier Liu He in Washington on Thursday and Friday.
Also read: China really is to blame for millions of lost U.S. manufacturing jobs, new study finds.
Dead end for infrastructure plan: President Donald Trump’s legislative framework for a sweeping overhaul of the country’s infrastructure appears all but dead in Congress, the Hill reports. Lawmakers are focused on other legislative matters, and Democrats say the latest “infrastructure week” that began Sunday has done little to reinvigorate the president’s plan. “There’s just no energy left in it,” said Rep. John Garamendi, a California Democrat who sits on the House Transportation and Infrastructure Committee.
Opinion: How the 2018 election will affect your money.
Ex-Treasury official says ‘holy s**t’ in reaction to New Yorker’s Cohen story: A report in the New Yorker citing a law enforcement source saying he leaked documents about President Trump’s longtime attorney Michael Cohen is making jaws drop after being published late Wednesday. Author Ronan Farrow says the whistleblower leaked Cohen’s financial records because records of bigger, potentially more sensitive, swaths of suspicious transactions appeared to be missing from a Treasury database.
“Holy s**t,” read one tweet, from a former Treasury Department official.