Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
The party signaled a protracted fight — both on Capitol Hill and in the court system — to challenge the president's executive action. The move would allow Trump to circumvent lawmakers to redirect government funds to build his proposed border wall, after a bipartisan spending bill gave him only about a quarter of the $5.7 billion he sought to construct barriers.
In a joint statement, House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said lawmakers "will defend our constitutional authorities in the Congress, in the Courts, and in the public, using every remedy available." They added that the issue "transcends partisan politics" and pushed Republicans to "join us to defend the Constitution."
"The President is not above the law. The Congress cannot let the President shred the Constitution," the Democratic leaders said.
Even before Trump declared the national emergency, he sparked concerns about overreach of executive authority. Critics argue he has manufactured a crisis at the southern border to divert funding and fulfill a campaign promise, stepping on congressional authority in the process.
Some Republicans worried the action would create a dangerous precedent for future presidents, who would see a lower threshold for declaring an emergency over separate issues. In all, the president's move will likely trigger legal and legislative battles that will test GOP allegiance to Trump and the party's congressional leaders. Many Republicans who slammed what they called Obama administration overreaches wholeheartedly backed Trump's action Friday.
Both Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarthy, R-Calif., will not try to block Trump's executive action. In a statement Friday, McConnell appeared to blame Democrats for forcing Trump's hand by denying him the money he demanded for the wall. The border security deal came out of a conference committee with lawmakers from both parties and chambers.
"President Trump's decision to announce emergency action is the predictable and understandable consequence of Democrats' decision to put partisan obstruction ahead of the national interest," he said.
On Thursday, McCarthy said "we face a humanitarian and national security crisis at the border that must be addressed."
Other Trump allies, from Sen. Lindsey Graham, R-S.C., to Rep. Jim Jordan, R-Ohio, cheered the emergency declaration on Friday. But not all of the party's lawmakers agreed.
Sen. Rand Paul, R-Ky., said, "Extraconstitutional executive actions are wrong, no matter which party does them." In a statement Friday, Sen. Thom Tillis, R-N.C., "I don't believe a national emergency declaration is the solution" for border security.
Sen. Marco Rubio, R-Fla., said Thursday that he was "skeptical" whether he could back the president's move. Others — including Sen. Chuck Grassley, R-Iowa, and Sen. John Cornyn, R-Texas — have warned against declaring an emergency in recent weeks.
Still, criticizing the declaration and actually voting to block it are two different matters. Many Republicans may hesitate to rebuke the president.
Democratic House members have already pushed to introduce a resolution to disapprove of the president's action. While Pelosi and Schumer did not directly reference such a measure in their statement, it is one concrete way for Congress to challenge the president's declaration. They have to vote on it within 15 days.
If the Democratic-held House passes such a measure, the GOP-controlled Senate would have to take it up by law, putting pressure on Republican senators. Trump could also veto it, which would require a two-thirds majority in both chambers to overcome. With McConnell supporting the emergency declaration and Republicans holding 53 of 100 Senate seats, it is unclear whether lawmakers could block it.
Rep. Mark Meadows, a North Carolina Republican and another Trump confidant, argued Congress would lack the votes to override the president's veto.
"Given Congress will try to block this executive action, I'm seeing speculation Congress could override a POTUS veto w/ GOP votes. They will not. The votes will not be there," he tweeted.
Trump seemed prepared for a long fight Friday. "I expect to be sued" over the declaration, he said.
He argued that he had the authority to take the step, and thinks he will ultimately prevail in the Supreme Court. "I think we will be very successful in court," he said.