Reuters

Frontrunning: July 17

  • Americans Feel Good About the Economy, Not So Good About Trump (BBG)
  • GOP Leaders Brace for CBO Estimate on Revised Health-Care Bill (BBG)
  • From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch (WSJ)
  • Turkey Building Up Army Base in Qatar, Erdogan Adviser Says (BBG)
  • U.S. Companies Have a New 401(k) Fix: Spend More (WSJ)

Iran Sentences US Citizen To 10 Years For Spying

With diplomatic relations between the US and Iran - a state Donald Trump has repeatedly accused of being a "state sponsor of terrorism" - alrady near rock bottom, on Sunday they took another turn for the worse after a United States citizen accused of "infiltration" in Iran was sentenced to 10 years in prison.

Senate To Delay Health Vote After McCain Blood Clot Surgery

The Senate will "defer" its work on repealing and replacing Obamacare Majority leader Mitch McConnell said late on Saturday, as John McCain, 80, recovers from surgery to remove a blood clot above his eye. The health care reform bill, which is already neared collapse as senators Rand Paul and Susan Collins have already said they would oppose it, would fail without McCain's vote.

DOJ Asks Supreme Court To Block Hawaii Judge's Travel-Ban Ruling

Within hours of President Donald Trump’s return to the US, the Justice Department has asked the Supreme Court to block a ruling by a federal judge in Hawaii that seeks to expand who can be let into the US under the narrower terms of the Trump travel ban.

White House Reveals Budget Deficit Will Be $250 Billion Greater Due To "Mistake"

The budget deficit for President Trump's first two years in office will be nearly $250 billion higher than initially estimated, hitting $702 billion in fiscal 2017, due to what appears to have been a calculation mistake: a shortfall in tax collections and a mistake in projecting military healthcare costs, according to budget chief Mick Mulvaney.

Congress Begins To Ask If Amazon Is Getting Too Big, Antitrust Hearing Called

Is Amazon getting too big? While that question has yet to be formally asked by the US government, on Friday we got a hint that it may be next on the agenda after the top Democrat on the House Antitrust Subcommittee, David Civilline, voiced concerns about Amazon's $13.7 billion plan to buy Whole Foods Market.

Turkey Bars German Lawmakers From Visiting NATO's Incirlik Airbase

Ankara has again refused to grant German lawmakers permission to visit soldiers serving at the NATO airbase of Incirlik, marking a "new escalation in tensions between the two NATO allies" with Germany reportedly asking for NATO support in rescheduling the trip.

Hawaii Judge Orders Loosening Of Trump Travel Ban

“Judge Watson...ordered that the ban not apply to “grandparents, grandchildren, brothers-in-law, sisters-in-law, aunts, uncles, nieces, nephews, and cousins of persons in the United States"...

China Says Trade With North Korea Grew Only 10.5% In First 6 Months Of 2017

New data released by the Chinese government suggests trade with its restive neighbor, North Korea, has only increased by a modest degree since the beginning of the year, rebutting criticisms from President Donald Trump and UN ambassador Nikki Haley that the world's second-largest economy is undermining US efforts to curb trade with the North.