CBS News Logo House Intelligence Committee reaches deal to obtain Fusion GPS bank records

The House Intelligence Committee has reached an agreement with the research company behind the Trump dossier to obtain bank records pertaining to the committee's Russia investigation, the committee said in a one-sentence statement Saturday.   The committee and Fusion GPS, the research company behind the Trump dossier alleging ties between now-President Trump and Russia, have reached a settlement to obtain the firm's bank records that will allow the committee to carry out its investigation into Russian election meddling. The committee subpoenaed for the records earlier this month, and the case went to a federal judge who gave Fusion GPS until Oct. Oct. 26 to respond.  "The parties have reached an agreement related to the House Intelligence Committee's subpoena for Fusion GPS's bank records that will secure the committee's access to the records necessary for its investigation," the committee said.  The agreement comes after CBS News confirmed the federal grand jury convened in Special Counsel Robert Mueller's investigation has approved its first charges in its investigation into Russian election meddling and possible ties to Trump associates. It's unclear exactly what the charges are at this time, although they are expected to be revealed as early as Monday. The agreement also comes after a week that revealed Hillary Clinton's campaign and the Democratic National Committee paid for research that led to the dossier written by former British intelligence officer Christopher Steele. Anti-Trump Fusion GPS research was originally funded by The Washington Free Beacon, as a part of its its research into Republican primary candidates, although the Free Beacon says its research at no point involved Steele. BuzzFeed obtained the dossier and published it in January. The House Intelligence Committee is one of three congressional committees investigating Russian election meddling and any ties to Trump associates.  Continue Reading

How to watch Equifax’s ex-CEO testify to the House Energy Committee

The man who led Equifax (EFX) for 12 years before stepping down last week is scheduled to testify before a congressional committee on Tuesday to explain the massive data hack that hit the credit bureau earlier this year. Richard E. Smith is expected to explain how 145.5 million customers' personal and financial information was exposed in one of the largest corporate hacks in history. Smith will say he is "deeply sorry," according to prepared remarks released Monday. How to watch the Equifax ex-CEO testimony: Date: Tuesday, Oct. 3 Time: 10:00 a.m. Eastern Online: Follow our live blog, and watch the testimony live at the House Energy and Commerce Committee's website Tuesday kicks off what is likely to be an apology tour for Smith. After testifying before the House Energy and Commerce Committee, he's scheduled to appear before the Senate Banking Committee on Wednesday and at the House Financial Services Committee the following day. Wall Street will be watching his performance on Tuesday closely, as it's expected to set the tone for the rest of the week. If he stumbles or otherwise gives the impression Equifax did less than it could have to deter a breach of its systems, it raises the risk of legislation limiting how consumers' data is collected, or requiring consumer consent for credit bureaus to collect information that they currently obtain freely. Such a requirement "would be business model busting for the credit bureaus," Jaret Seiberg, an analyst at Cowen & Co., wrote in a research note.  Continue Reading

It’s “outrageous” that House Intel Committee has gone against intelligence agency findings, says top Republican

U.S. Donald Trump Russia investigation House Intelligence Committee House Republicans A Republican congressman has condemned his fellow party members on the House Intelligence Committee after they said a draft report of their probe of Russia’s election interference disagrees with key American intelligence agencies on important aspects of Moscow’s campaign. On Monday the top Republican working on the probe, Texas Rep. Mike Conaway, said that the investigation is wrapping up after a year of looking at whether the Trump campaign aided Russia in their efforts to meddle in the election. In a one-page overview of the committee’s findings, Republicans wrote that while they agreed with the January 2017 intelligence report by the CIA, FBI, and NSA that found Russia worked to interfere in the election, they disagreed with its conclusions “with respect to [Russian President Vladimir] Putin’s supposed preference for candidate Trump.” Keep up with this story and more by subscribing now Director of National Intelligence (DNI) Dan Coats listens to Federal Bureau of Investigation (FBI) Director Christopher Wray testify among other national security leaders during a Senate Intelligence Committee hearing on "Worldwide Threats" on Capitol Hill in Washington, U.S., February 13, 2018. Leah Millis/Reuters The committee’s findings follow special counsel Robert Mueller’s indictment of 13 Russians last month on charges of election fraud for conducting a years-long campaign of “information warfare” against the U.S. That campaign ultimately saw them “supporting the presidential campaign of then-candidate Donald J. Trump ... and disparaging Hillary Clinton.” Rep. Bill Keating, who sits on the House Homeland Security Committee and Foreign Affairs Committee, slammed the Republican report Monday. “Partisanship has trumped patriotism,” he wrote on Twitter of its findings. “It's outrageous Continue Reading

The House Intelligence Committee is edging closer to holding Steve Bannon in contempt

Michal Kranz, provided by Published 12:19 pm, Thursday, February 15, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery Thumbnails 20', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-22', placement: 'Interstitial Gallery Thumbnails 22', target_type: 'mix' }); _taboola.push({flush: true}); Photo: J. Scott Applewhite, AP Image 1of/22 CaptionClose Image 1 of 22 Steve Bannon, President Donald Trump's former chief strategist, takes a stairwell at the Capitol as he arrives for questioning by the House Intelligence Committee as part of its ongoing investigation into meddling in the U.S. elections by Russia, in Washington, Thursday, Feb. 15, 2018. less Steve Bannon, President Donald Trump's former chief strategist, takes a stairwell at the Capitol as he arrives for questioning by the House Intelligence Committee as part of its ongoing investigation into ... more Continue Reading

‘Political theater’: The House Intelligence Committee’s Russia investigation is nearing the point of no return

Sonam Sheth, provided by Published 11:33 pm, Friday, February 9, 2018 Mark Wilson/Getty Images The House Intelligence Committee released the transcript of a heated meeting that took place earlier this week, during which members voted to release a Democratic rebuttal to the Nunes memo released earlier this month. The meeting quickly took two separate paths, with Republicans targeting the FBI and Democrats targeting the White House. Given President Donald Trump's decision not to declassify the Democratic rebuttal a week after releasing the Nunes memo, it appears unlikely the two warring factions on the committee will reach a consensus any time soon. Local Channel Now Playing: Now Playing SAPD: Multiple injured after River Walk bar fight spills into street San Antonio Express-News Listen: Recorded Uresti interview played at federal trial San Antonio Express-News O'Connor soccer Terrence Thomas/San Antonio Express News 10 of the Most Scenic Places in Texas PopularMechanics Cat jailbreaks dogs San Antonio Express-News 3 masked suspects slay teen in revenge shooting, police say San Antonio Express-News Video shows suspect who shot San Antonio AutoZone manager San Antonio Express-News Deputy stabbed in neck while breaking up fight San Antonio Express-News SAPD releases video of shooting, robbery at UTSA student housing San Antonio Police Department Multiple injured after BMW smashes into S.A. Gold's Gym Caleb Downs released the transcript of a contentious business meeting it had earlier this week. Committee members voted during Monday's meeting to release a Democratic rebuttal memo written by ranking member Adam Schiff, which pushes back on the assertions made in a prior memo from Chairman Devin Nunes that was released last week. Trump on Friday declined to declassify the Democratic rebuttal. The White House counsel Don McGahn said in a letter to the committee that Trump was unable to declassify it because of Continue Reading

California’s Darrell Issa loses power along with House oversight committee post

For four years, Rep. Darrell Issa presided over one of the highest-profile oversight committees in Congress, becoming a fixture in the national news as he took the Obama administration to task for everything from bank bailouts to corruption in Afghanistan.Only three months ago, the California congressman unveiled a portrait of himself to hang proudly in the committee hearing room."Click LIKE to thank Chairman Issa for his tireless commitment to transparency and for his dedicated service to the American people," the oversight committee Facebook page suggested as the portrait was hung.Just days after his successor took over at the helm in January, though, the new painting vanished from the hearing room. It now hangs in a private committee anteroom, beside a coat rack and a television screen.Its journey echoes the waning influence of the Vista Republican, whose confrontational style managed to wear not only on Democrats, but on members of his own party.Issa used his position atop the House Oversight and Government Reform Committee to relentlessly poke at President Obama over Benghazi, the Internal Revenue Service, the "Fast and Furious" failed gun sting, and any number of topics that made for high theater and cable cameos. But Issa's investigations often failed to show direct culpability on the part of the White House or Obama, whom he once called "one of the most corrupt presidents in modern times."Issa's influence began to wane last year, when party leaders diverted attention from his high-drama investigation of the deadly 2012 attack against U.S. personnel in Benghazi, Libya, by establishing a new committee to focus on the incident.Then they thwarted his attempt to secure a rare exception to the limit on how long he could lead the oversight committee. (He served one term as the committee's top Republican, when Democrats held the majority, and then a pair of two-year terms as its chairman.)His successor, fellow Republican Rep. Jason Chaffetz of Utah, campaigned to Continue Reading

Jeff Sessions to face crucial test on Russia at House hearing Tuesday

WASHINGTON — Attorney General Jeff Sessions could not have been more definitive when he told a Senate panel last month that he had no knowledge of Trump campaign contacts with Russia.“I did not, and I’m not aware of anyone else that did,” Sessions told the Senate Judiciary Committee. “I don’t believe that happened.”Democrats and Republicans on the House Judiciary Committee are preparing a strong challenge to Sessions’ assertions at a hearing Tuesday, based largely on the guilty plea of George Papadopoulos, who served as a foreign policy adviser to the Trump campaign and admitted to the FBI he attended a national security meeting in March 2016 with then-candidate Donald Trump, Sessions and other advisers.At that meeting, which Sessions chaired, Papadopoulos told the group he had connections that could help arrange a meeting between Trump and Russian President Vladimir Putin, according to the the charging documents unsealed last month by special counsel Robert Mueller.The March 2016 gathering of the Trump campaign’s national security team promises to be a central focus of Tuesday’s hearing as the attorney general will be asked to reconcile his past assertions for the first time since the damaging Papadopoulos disclosures. More: Timeline: The many times George Papadopoulos tried to connect the Trump campaign with Russia For Sessions, the House hearing represents yet another crucial test for an attorney general seeking to bolster his standing with three separate and important constituencies: Congress, President Trump, and special counsel Robert Mueller.Dogged by his own failure to disclose prior contacts with Russian ambassador Sergey Kislyak during his Senate confirmation, Sessions has sought to shore up his credibility with Congress. With Papadopoulos’ account now public, Mueller’s team will no doubt be paying close attention to Sessions’ House appearance where he Continue Reading

Senate Banking Committee Chairman Christopher Dodd demands extensive financial reform

Senate Banking Committee Chairman Christopher Dodd on Tuesday called for sweeping new government powers to prevent another economic collapse, protect consumers and dismantle failing institutions. Dodd's 1,100 page-draft would strip the Federal Reserve and other regulators of their powers to regulate banks and hand that job to a single agency. The bill also would take away the Fed's ability to monitor credit cards and mortgages and establish a new "Consumer Financial Protection Agency." The bill, inspired by last year's financial meltdown, will minimize "economic turmoil and protect(ing) the interest of taxpayers," the Connecticut Democrat wrote. An advance copy of the legislation was obtained by The Associated Press. President Barack Obama has demanded that Congress rewrite the federal regulations governing Wall Street to close legal loopholes and prevent the kind of fraud and abuse that fed the crisis. Dodd's proposal was expected to gain broad support among Democrats, but Republicans haven't signed on. Among the top points of contention is Dodd's desire to create a new agency to protect consumers taking out home loans or using credit cards against predatory lending and surprise interest rate hikes. Republicans counter that creating another bureaucracy will make business harder for banks and limit the availability of credit. The Senate Banking Committee was expected to review the legislation next week, paving the way for a floor vote by early next year. The House was already on track with its own proposal. Rep. Barney Frank, chairman of the House Financial Services Committee, said he expects a floor vote in December. Dodd's plan differs slightly from Frank's bill and the administration's proposal in that it would do more to scale back the powers of the Federal Reserve, which many lawmakers blame for the economic crisis. For example, Frank has proposed that the Fed be in charge of enforcing tougher regulations on large and influential Continue Reading

Chairman of the Senate Banking Committee Chistopher Dodd to leave Senate: sources

Veteran Democratic Senator Christopher Dodd was to announce on Wednesday he will not seek re-election in November in a recognition that his troubles are too deep to survive politically and the latest sign of trouble for President Barack Obama's Democrats. Dodd, chairman of the Senate Banking Committee and leader of a financial regulation overhaul in the Senate, has been dogged by questions over his financial industry connections and was trailing badly in polls in his home state of Connecticut. Ahead of Dodd's midday announcement, Wall Street was looking for clues as to how hard Dodd, in his remaining months in office, would push for a financial regulation revamp that banking lobbyists and Republicans are fighting. A source close to Dodd said he plans to continue efforts to pass the regulation reforms. Dodd has also been closely associated with pushing Obama's healthcare agenda, subject of a long, contentious debate, as well as climate change legislation that faces an uncertain future this year. Coupled with the announcement by Democratic Senator Byron Dorgan that he would not seek re-election in North Dakota, Dodd's decision suggested potential trouble for Democrats in 2010 congressional elections in their efforts to hang on to strong majorities in the Senate and House of Representatives. Dorgan announced on Tuesday that he would not seek re-election. Polls showed that like Dodd he also faced an uphill fight in November when voters will elect a third of the 100 senators and all 435 House members. The party that holds the White House usually loses congressional seats in the first election after a new president takes power, and there was every indication that this would happen again. Republicans are facing their own struggles led by a conservative rebellion against moderates that could limit their ability to mount an electoral earthquake as they did in 1994 in the first election after Bill Clinton took office. Dodd's decision may well help Democrats Continue Reading


ELECTED OFFICIALS rallied alongside residents of the Queensbridge Houses last week in an effort to bring a bank to the nation's largest public housing development. Rep. Carolyn Maloney (D-Queens, Manhattan) and City Councilman Eric Gioia (D-Sunnyside) marched with local schoolchildren from Public School 111 down 21st St. in Long Island City on Thursday afternoon. The march culminated a short distance away with a rally at the Center of Hope International Church on 40th Ave. There, the No. 1 topic was the lack of a financial institution convenient to Queensbridge, where the closest bank is about a mile away. "Economic justice means that everybody has a fair shot at the American dream, and a bank is critical to that dream," Gioia said. "A bank is an anchor in a neighborhood, and a good bank is an anchor in life." According to statistics cited by several speakers at the rally, there is a bank for every 6,000 Queens residents, but the 15,000 who live in Queensbridge Houses do not have access to a single one. In the absence of a local bank branch, many Queensbridge residents rely on expensive check-cashing services for access to their money, the rally's leaders said. "They don't have the opportunity to build a sustainable future; they can't save for an education," said Center of Hope pastor the Rev. Mitchell Taylor, who serves as chairman of the East River Development Alliance, a local advocacy group. Taylor and others insisted that conditions near the housing project, which also has no major supermarkets or drugstores nearby, lower the quality of life in Queensbridge. "We need a bank, not a liquor store that's going to poison the neighborhood," explained Clay Raider, an actor/rapper who lives not far from the project and works for the alliance. Gioia and Maloney told the audience the neighborhood's economic future looks bright, saying they hope to connect Queensbridge to the Banking Development District program, a state initiative that offers tax Continue Reading