Trump pitches open for business at Davos amid Russia probes
President Trump addressed the World Economic Forum in Davos predicting renewed US openness for investment and jobs. He framed America as competitive again while facing questions about Russia investigations and immigration policy. He signaled possible openness to revisiting trade deals including TPP and NAFTA renegotiation.
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U.S. economy grows 2.6 percent in fourth quarter
The Commerce Department reports 2.6 percent GDP growth for Q4, driven by strong consumer spending and a rebound in home construction. For all 2017, growth was 2.3 percent, with economists split on lasting impact from the $1.5 trillion tax cut and trade changes.
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Trump denies ordering McGahn to fire Mueller last June
At Davos Trump rebukes New York Times reporting that he urged White House counsel Don McGahn to remove Robert Mueller. The Times and others said McGahn refused and threatened to quit, while Mueller’s team remained active amid the probe into Trump’s 2016 campaign.
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Trump to seek 716B in 2019 defense budget plan
President Trump will propose raising total defense spending to 716 billion dollars in fiscal 2019, with 597 billion for the base Defense Department budget and the rest for the war account and other programs. The plan, echoed by Pentagon hawks, aims to boost defense while Congress negotiates a two year budget deal amid tax cuts.
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