Category: Money

Ivanka Inc.

Ivanka Inc.

The Washington Post
By Matea Gold, Drew Harwell, and Simon Denyer
Image courtesy of Matt McClain/The Washington Post

On Inauguration Day, President Trump stood in front of the U.S. Capitol and vowed that his “America First” agenda would bring jobs back to the United States.

“We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs,” he declared, adding: “We will follow two simple rules — buy American and hire American.”

Looking on from the front of the stage was Trump’s daughter Ivanka, the celebrity and fashion entrepreneur who would soon join him in the White House.

The first daughter’s cause would be improving the lives of working women, a theme she had developed at her clothing line. She also brought a direct link to the global economy the president was railing against — a connection that was playing out at that very moment on the Pacific coast.

As the Trumps stood on stage, a hulking container ship called the OOCL Ho Chi Minh City was pulling into the harbor of Long Beach, Calif., carrying around 500 pounds of foreign-made Ivanka Trump spandex-knit blouses.

Another 10 ships hauling Ivanka Trump-branded shoes, cardigans and leather handbags bound for the United States were floating in the north Pacific and Atlantic oceans and off the coasts of Malta, Malaysia, Japan, South Korea and Yemen.

Those global journeys — along with millions of pounds of Ivanka Trump products imported into the United States in more than 2,000 shipments since 2010 — illustrate how her business practices collide with some of the key principles she and her father have championed in the White House.

The OMG moment at a congressional budget hearing you should care about but don’t — yet

From The Washington Post — Written by Jonathan Capehart — Image courtesy of AP Photo/Jacquelyn Martin

Mick Mulvaney, director of the White House’s Office of Management and Budget, said out loud on Wednesday what some feared back in March someone from the Trump administration would say. America is running headlong toward default.

This all went down at a House Budget Committee hearing. Surely an otherwise humdrum affair as dry as the towel section at Macy’s. But a question from Todd Rokita (R-Ind.), vice chairman of the Budget Committee, gave Mulvaney the opportunity to provide that much-needed element of OMG.

Rokita: Does the administration have a preferred legislative approach to the debt-limit issue? For example, a specific amount or a specific time period? Secondly, how soon do you think you need to act?

Mulvaney: Very briefly, the answer to your first question is no, we do not have a final stated policy yet. I can tell you that I met about an hour yesterday with [Treasury] Secretary [Steven] Mnuchin to discuss this exact topic. … Secondly, regarding the timing, my understanding is that the receipts, currently, are coming in a little bit slower than expected and you may soon hear from Mr. Mnuchin regarding a change in the date.