Democrats will investigate President Donald Trump’s financial ties to Saudi Arabia as part of a 'deep dive' on the kingdom when majority control of the House changes hands in January, the lawmaker in line to become chairman of the House Intelligence Committee said in a Washington Post interview published Friday.
The U.S. is pulling back some support for Saudi Arabia’s war in Yemen, as it presses for a ceasefire and peace talks by the end of the month. In statement, Defense Secretary Jim Mattis portrayed the decision to stop U.S. refueling of Saudi warplanes attacking Houthi rebels in Yemen as a Saudi initiative.
Defense Secretary James Mattis made a forceful call for all parties involved in the brutal war in Yemen to come to the negotiation table within the next month, to bring to an end to a conflict pushed by a Saudi Arabian-led coalition that has devolved into a military stalemate that has produced one of the world’s worst humanitarian crises.
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors’ appetite for risk amid global trade tensions and rising interest rates.