DC Daily: Rep. Collins ends reelection campaign after insider trading charges

Posted at 7:55 AM, Aug 11, 2018
and last updated 2018-08-11 10:55:29-04

Here's what's happening in the world of politics Saturday, Aug. 11, 2018.

Congressman Collins suspends reelection campaign after insider trading charges

— New York Republican Rep. Chris Collins will not seek reelection following charges of insider trading earlier this week.

In a statement, Rep. Collins wrote it would be in the best interests for constituents that he suspend his reelection campaign.

"After extensive discussions with my family and friends over the last few days, I have decided that it is in the best interests of the constituents of NY-27, the Republican Party and President Trump's agenda for me to suspend my campaign for re-election to Congress."

Wednesday, federal prosecutors charged Collins, his son, and another man with 13 counts of securities fraud, wire fraud, and false statement from the insider trading scheme around Australian pharmaceutical company Innate Immunotherapeutics Limited.

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North Korea continues to reject US proposals on denuclearization

— North Korea has turned down repeated US proposals on denuclearization, CNN reports.

The US has reportedly made "specific proposals for starting and proceeding to the end point of fully verified denuclearization," including a timeline, all of which have been rejected.

North Korea has reportedly considered the proposals "gangster-like."

President Trump met with North Korean leader Kim Jong Un in a June summit. The summit, however, produced no timetables, milestones, or promises, and instead, vague promises.

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Immigration lawyer for Melania Trump's parents pushes back on President's rhetoric

— The immigration lawyer for First Lady Melania Trump's parents is calling President Trump's hardline stance on "chain migration" family visas "unconscionable."

"It's unconscionable to scare people into believing that," the attorney, Michael Wildes, said Friday on CNN. "Imagine this, people will work harder and love more, and do more for America knowing that their loved ones, their immediate relatives, their parents, their children ... to say you can bring one relative and not another relative ... I can understand that some of them may be in jeopardy, and you may want to retool an antiquated immigration system. It looks weird to have a lottery system. But chain migration? No. Family reunification."

Melania Trump's parents, Viktor and Amalija Knavs, were granted US citizenship Thursday.

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