HC Wake-Up Call: New Trump Advisor, Banking Deregulation Bill Passes & Fox News Is Being Sued | Spanlish

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Saturday, March 17, 2018

HC Wake-Up Call: New Trump Advisor, Banking Deregulation Bill Passes & Fox News Is Being Sued

Good morning Her Campus! With a break-neck news cycle, there is no possible way for you to stay on top of every story that comes across your feeds—we’re all only human, after all.

But, life comes at you fast. So grab a cup of coffee and settle in for this quick and dirty guide to stories you might’ve been sleeping on (like, literally. It’s early.)

Trump Names CNBC Commentator Larry Kudlow Top White House Economic Advisor

Kudlow was not only the host of CNBC's The Kudlow Report, but also a conservative media analyst who previously served as President Trump's "informal economic adviser" during the 2016 campaign, CNN reports. He will take the role Gary Cohn left earlier this month after disagreements with Trump on tariffs on steel and aluminum imports. 

"Larry Kudlow was offered, and accepted, the position of assistant to the president for economic policy and director of the National Economic Council," White House press secretary Sarah Huckabee Sanders said in a statement

According to The Associated Press, like Cohn, Kudlow opposes the recent trade tariffs, but is "in accord" with Trump's policies. 

Sanders said she will announce a timeline for the role's transition soon.

The Senate Passed A Banking Deregulation Bill 

In a 67 to 31 vote, the senate passed legislation that eases regulations on large parts of the banking industry. The New York Times said the bill represents "the most significant changes to the rules that were put in place after the 2008 financial crisis."

Proponents of the bill — which was supported by both Republicans and some Democrats — say it intends to help smaller banks. 

Those against it believe rolling back the rules is dangerous because they were put in place to prevent another crisis.

The bill will now be sent to the House, and if approved, to President Trump.

Seth Rich's Parents Are Suing Fox News Over Their Retracted Story

After Democratic National Committee staff member Seth Rich was fatally shot in Washington, D.C. in 2016 during what police have called a botched robbery, Fox News ran a later discredited story that resulted in a number of conspiracy theories. 

The story suggested that federal investigators had evidence proving Rich leaked DNC emails to WikiLeaks, and he was murdered as a result. Fox News retracted the stories six days after publishing it, but according to POLITICO, Rich's parents are now suing the network, reporter Malia Zimmerman and Dallas businessman and Fox News guest Ed Butowsky.

Fox News and the individuals named in the lawsuit are accused of "seizing on Rich’s death in an effort to exonerate President Donald Trump of allegations that his campaign colluded with the Russian government’s efforts to interfere in the 2016 election," POLITICO reports.

According to the Washington Post, this is the second time Fox News is being sued over the story. 

What to look out for...

Sports. March Madness is in full-swing, with a total of 16 games beginning just after noon ET today. 

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