Weekly Comic: Escalating Trump drama brings back market volatility
Investors were busy fretting over the latest news coming out of Washington DC this week, amid growing uncertainty over the future of President Donald Trump.
Reuters reported Thursday that former National Security Adviser Michael Flynn and others on Trump’s campaign team exchanged at least 18 undisclosed phone calls or emails with Russian contacts during the 2016 presidential race.
That was only the latest worry in a tumultuous week at the White House, which included allegations that the president tried to interfere with a federal investigation and sharedclassified information with Russia’s foreign minister.
The Justice Department on Wednesday appointed former FBI director Robert Mueller as special counsel to take over the investigation of Russia’s alleged interference in the U.S. presidential election.
The recent string of controversies intensified doubts that Trump would be able to follow through on his campaign promises for tax cuts, deregulation and fiscal stimulus.