Day 509
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Ivanka Trump made $3.9 million in profit last year from her stake in the Trump International Hotel, and at least another $5 million from businesses connected to her personal brand. She also brought in about $2 million in 2017 in pay and severance from the Trump Payroll Corp. Her reported income from the hotel in 2017 was much higher than it was last year, when she reported about $2.4 million in income since it opened in September 2016. (Politico)
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Jared Kushner and Ivanka Trump brought in at least $82 million in ouside income while serving as Trump's advisers during 2017. Kushner reported more than $5 million in income from a Kushner Cos. apartment complex in Plainsboro, N.J. (Washington Post)
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A federal judge criticized the Justice Department's argument that Donald Trump's financial interest in the Trump International Hotel in D.C. is constitutional, signaling that the judge may soon rule against him in an historic case that could end up in front of the Supreme Court. A lawsuit brought by the District of Columbia and the state of Maryland claims that Trump's profits from the hotel violate the Emoluments Clause of the U.S. Constitution, which prohibits government employees from receiving financial benefits outside of their official salary. The judge promised to decide by the end of the July whether to allow the case to proceed to the next stage. (New York Times)
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Trump promised to order an end to regular war games that the U.S. conducts with South Korea as part of his concessions to North Korea at the nuclear summit with Kim Jong Un. Trump said he "developed a very special bond" with the North Korean leader, and said Kim had "reaffirmed" his commitment to the denuclearization of the Korean Peninsula. "We’re ready to write a new chapter between our nations," Trump said at a press conference in Singapore. (Washington Post / New York Times)
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The Senate adopted a measure that would block the Trump administration's deal with Chinese telecom giant ZTE. The Senate's move comes less than a week after Trump struck a deal with ZTE that would keep the company in business with U.S. companies and markets. The ZTE deal would have forced the company to pay $1 billion in penalties, reorganize itself, and insert U.S. compliance officers into the company in exchange for access to U.S. consumers. (NBC News)
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Trump's economic adviser, Larry Kudlow, suffered a heart attack on Monday and is currently being treated at Walter Reed Medical Center in Maryland. A White House spokesperson said Kudlow is "doing well" after suffering a "very mild heart attack." Sarah Huckabee Sanders said Kudlow is "currently in good condition," and that "his doctors expect he will make a full and speedy recovery." (Politico / Bloomberg / CNBC)