Daily Rewind: Trump scolds NATO allies
President Trump once again criticized NATO leaders for not spending enough on defense. Here’s the lowdown:
- Trump said NATO nations “are still not paying what they should be paying.” He added: “This is not fair to the people and taxpayers of the United States.”
- The president made the statement during his first official meeting with the 27-member nation alliance in Brussels.
- According to a NATO guideline, Treaty members should aim to spend 2% of their economic output on defense. But there’s no penalty for not meeting this target. NATO doesn’t keep track of what members spend on defense.
- Trump criticized NATO during his campaign but had recently changed his tune. In February, Trump said NATO was “no longer obsolete” and that money was “pouring in” thanks to his intervention.
Other business news to know:
Paul Ryan: Montana GOP candidate was “wrong” to assault reporter. The House Speaker said today that Republican congressional candidate Greg Gianforte should apologize to Guardian reporter Ben Jacobs for allegedly body slamming him last night. Gianforte has been charged with misdemeanor and canceled both Fox News and MSNBC interviews scheduled today. The Gianforte campaign has blamed Jacobs for “aggressive behavior” and claims Jacobs grabbed Gianforte’s wrist. But Jacobs told CNN that he never touched the candidate. Read more from CNN Media.
😱 Want to pay off your student loans AND still have a life? Find out how in CNNMoney’s advice column: Broke No More.
Want more news? Check these stories out:
*OPEC extends oil production cuts (NYT)
*Trump calls for an intelligence review after Manchester leaks (WSJ 🔒)
*GM accused of rigging diesel emissions tests (Reuters)
That’s all for today. We’ll see you again tomorrow!
Thoughts? Feelings? Glaring typos? Let us know: CNNMoneystreamfeedback@turner.com.
