Home Economy Bannon threatened to quit if removed from security council role | ‘Nuclear’ vote expected Thursday

Bannon threatened to quit if removed from security council role | ‘Nuclear’ vote expected Thursday

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         Bannon threatened to quit if removed from security council role | ‘Nuclear’ vote expected Thursday

President Donald Trump’s chief strategist, Steve Bannon, threatened to quit his job over his removal from the principals committee of the National Security Council, the New York Times reported, citing an unnamed White House official.

But Bannon’s camp denied that he had threatened to resign and spent Wednesday spreading the word that the shift in roles was a natural evolution — not a signal of diminishing influence.

Also read: Steve Bannon removed from National Security Council role

‘Nuclear option’ vote timing: The brawl over Trump’s Supreme Court nominee Neil Gorsuch and the Senate’s “nuclear option” is coming to a head Thursday. The Senate is scheduled to come into session at 10 a.m. and take a procedural vote an hour later. As CBS News explains, the vote is expected to fail and Senate Majority Leader Mitch McConnell is then expected to move to change rules through votes eliminating filibusters for Supreme Court nominees — a procedure known as the nuclear option.

The Wall Street Journal writes only three of the 48 Democrats have said they would vote for Judge Gorsuch, while 44 have said they would vote to block his nomination from advancing.

Investors fret ahead of Trump-Xi meeting: MarketWatch’s Bill Watts writes investors are fretting over the potential outcome of the summit meeting between President Trump and Chinese President Xi Jinping. The danger is the meeting ends in acrimony, potentially spooking financial markets. Trump is scheduled to meet Xi for dinner at the Mar-a-Lago estate in Florida Thursday night and have meetings Friday as well.

MarketWatch’s Jeffry Bartash explains why a Trump victory in the talks with China won’t dent the trade deficit.

Health talks stall: The Hill reports the Republican push to revive legislation repealing and replacing Obamacare has stalled again, with GOP leaders shooting down the latest request to change the legislation from the Freedom Caucus. Rep. Patrick McHenry, a North Carolina Republican, said the idea of allowing states to waive requirements for covering people with preexisting conditions is a “bridge too far for our members.”

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