Fri, Feb. 3, 2017: Trump signs executive order to review Dodd-Frank Act

President Trump is taking his first steps aimed at scaling back financial services regulations.

The president signed an executive order Friday that will direct the Treasury secretary to review the 2010 Dodd-Frank financial oversight law, which reshaped financial regulation after the 2008-09 financial crisis.

“Today we’re signing core principles for regulating the United States financial system,” Mr. Trump said at the signing ceremony surrounded by his top aides. “Doesn’t get much bigger than that, right?”

A senior White House official outlined the measures in a background briefing with reporters Thursday. Continue reading “Fri, Feb. 3, 2017: Trump signs executive order to review Dodd-Frank Act”

Fri, Feb. 3, 2017: Trump administration tightens sanctions on Iran after missile test

The Trump administration on Friday imposed sanctions on Iran, which it said were just “initial steps” and said Washington would no longer turn a “blind eye” to Iran’s hostile actions.

The sanctions on 25 individuals and entities were the opening salvo by President Donald Trump who has vowed a more aggressive policy against Tehran and came two days after the administration had put Iran ‘on notice’ following a ballistic missile test.

“The Trump Administration will no longer tolerate Iran’s provocations that threaten our interests,” National Security Advisor Michael Flynn said. Continue reading “Fri, Feb. 3, 2017: Trump administration tightens sanctions on Iran after missile test”

Fri, Feb. 3, 2017: Trump meets with business leaders at White House

President Trump met with top business leaders at the White House Friday on the heels of a positive monthly jobs reports, but also a still-simmering controversy surrounding his immigration executive order — which has been criticized by some executives as harmful to their hiring practices.

The forum included CEOs from PepsiCo, SpaceX and General Motors, and was set up as part of an effort to give the private sector a greater voice in the new administration.

“We’re looking forward … to discuss all the things that you think we can do to bring back our jobs, to get taxes even lower than we’re going to be cutting now … and to do what we have to do in terms of regulation,” Trump said at the start of the meeting.

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