That many of President Trump’s top advisers are drawn from the ranks of the financial elite is no surprise, but White House disclosures Friday night revealed just how wealthy the president’s confidants really are. The combined assets of 27 White House officials topped $2.3 billion when they joined the administration, The Washington Post calculates, with investments and holdings spanning a wide range of business sectors. One of the richest officials is Gary Cohn, director of the National Economic Council, who is alone worth at least $252 million (the key economic adviser’s wealth could top $600 million, as government forms allow officials to report ranges of wealth rather than specific figures). Chief strategist Stephen Bannon reported between $13 and $56 million. Trump himself does not have to make another disclosure of his own finances until 2018.
The Washington Post,
President Trump’s daughter, Ivanka Trump, and his son-in-law and adviser, Jared Kushner, continue to benefit from their business interests worth as much as $700 million, financial disclosures released Friday reveal. The couple remain beneficiaries of the 267 real estate assets in the Kushner empire even though Kushner has stepped down from managing his family’s company amid conflict of interest concerns. Ivanka Trump maintains a stake in the president’s controversial Washington, D.C., hotel property, but it is not clear she is earning income from that tie. This information comes from Kushner’s disclosure alone; Ivanka’s formal role in the White House was just announced, and she has yet to file disclosures of her own.
The New York Times,
The U.S. Treasury Department on Friday announced sanctions against 11 North Korean individuals and one North Korean entity in response to North Korea’s ongoing nuclear weapons testing and its violations of United Nations Security Council resolutions. The sanctions target “North Korean nationals working as agents of the regime in Russia, China, Vietnam, and Cuba to provide financial support or [weapons of mass destruction] procurement services for U.N.- or U.S.-designated sanctioned entities,” the Treasury Department said in a statement. Separately on Friday, Defense Secretary James Mattis warned North Korea is “going in a very reckless manner.” “[T]hat has got to be stopped,” Mattis said.
Three people have been arrested in connection to the fire which caused a section of I-85 in Atlanta to collapse during rush hour Thursday night. All three are believed to be homeless, and at least one, Basil Eleby, is suspected of intentionally setting the road on fire. Eleby has been charged with first-degree criminal damage to property, while the other two have been charged with criminal trespassing. Authorities have not suggested a motive for the fire, though terrorism is not suspected. No one was injured in when the highway collapsed. Investigation is ongoing.
Los Angeles Times
The NCAA men’s basketball Final Four tips off Saturday night at 6:07 p.m. ET when top-seeded Gonzaga faces off against underdog No. 7 seed South Carolina in Phoenix. “This could be an ugly one. Hide-the-children ugly,” writes Fox Sports in its game preview, citing the teams’ impressive defenses. Next is the matchup between No. 1 seed North Carolina and No. 3 Oregon, which begins Saturday at 8:49 p.m. ET. The winners of these two games will fight for the title in the NCAA final on Monday. All Final Four games are available to stream live on the NCAA website.
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