Texas Gov. Greg Abbott said at a news conference that people may think they can ride out the initial storm surge, but "what you don't know and what nobody else knows right now is the magnitude of flooding that will be coming." Harvey is on track to be the strongest hurricane to strike the United States in 12 years.
By Tim Craig, Jason Samenow and Joel Achenbach • Read more »
Federal Reserve Chairwoman Janet Yellen offered a forceful defense of broad new banking regulations enacted after the 2008 financial meltdown, saying the rules safeguard the economy against another crisis and rejecting assertions from President Trump and top aides that they should be rolled back. Her speech comes as Trump considers whether to reappoint her to a four-year term as head of the U.S. central bank.
The president has no plans to formally withdraw his endorsement of Sen. Luther Strange, but he is considering being less engaged in Strange's race against Roy Moore. The move underscores the frayed relationship between Trump and Senate Republicans.
By Robert Costa, Sean Sullivan and David Weigel • Read more »
The president taunted the Senate Foreign Relations Committee chairman on Twitter after Corker publicly questioned the president's stability and competence.
The rally, organized by the Rev. Al Sharpton, will include a prayer vigil and ceremony in which more than 1,000 religious leaders from multiple faiths will "recommit to being at the forefront of social justice and civil rights." It will occur on the 54th anniversary of the March on Washington.
Treasury officials rejected the notion that Treasury Secretary Steven Mnuchin traveled there for the eclipse, noting that the trip was planned for earlier in the month but postponed when the Senate delayed its recess.
An executive order bars dealings in new bonds or stocks issued by Venezuela and the state-owned oil company. A statement issued by the White House said, "These measures are carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule."
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