On The Money: Senior GOP senator warns Trump against shutdown | Treasury sanctions 17 Saudis over Khashoggi killing | HQ2 deal brings new scrutiny on Amazon | Senate confirms Bowman to Fed board

On The Money: Senior GOP senator warns Trump against shutdown | Treasury sanctions 17 Saudis over Khashoggi killing | HQ2 deal brings new scrutiny on Amazon | Senate confirms Bowman to Fed board
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Happy Thursday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

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Write us with tips, suggestions and news: slane@thehill.comvneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL

Trump administration sanctions 17 Saudis over Khashoggi killing: The Trump administration on Thursday announced sanctions against 17 Saudis for their alleged roles in the killing of dissident journalist Jamal Khashoggi at the Saudi Consulate in Istanbul.

Among those being sanctioned are Saud al-Qahtani, a former top aide to Saudi Crown Prince Mohammed bin Salman, as well as a top subordinate and the Saudi consul general in Istanbul.

The Treasury Department says al-Qahtani was part of the "planning and execution" of the operation that led to Khashoggi's death.

"The Saudi officials we are sanctioning were involved in the abhorrent killing of Jamal Khashoggi," Treasury Secretary Steven MnuchinSteven Terner MnuchinOn The Money: House GOP struggles to get votes for B in wall funds | Fallout from Oval Office clash | Dems say shutdown would affect 800K workers | House passes 7 billion farm bill Conservative leader Meadows will not be White House chief of staff Trump signs order aimed at revitalizing economically distressed communities MORE said in a statement. "These individuals who targeted and brutally killed a journalist who resided and worked in the United States must face consequences for their actions."

The sanctions mark the U.S.'s most sweeping punishment to date of Saudis over the journalist's killing, which sparked a diplomatic crisis with one of President TrumpDonald John TrumpActivists highlight Trump ties to foreign autocrats in hotel light display Jose Canseco pitches Trump for chief of staff: ‘Worried about you looking more like a Twinkie everyday’ Dershowitz: Mueller's report will contain 'sins' but no 'impeachable offense' MORE's closest Middle East partners.

The Hill's Jordan Fabian tells us more here.

 

LEADING THE DAY

HQ2 deal brings new scrutiny on Amazon: The $2 billion in taxpayer subsidies that Amazon is reaping from its new offices in New York and Virginia is bringing new scrutiny on the tech giant from public officials.

Lawmakers and officials whose towns won out in the search are welcoming the company with open arms, predicting that its arrival will bring massive economic investments into their communities.

But others are raising questions about the wisdom of gifting billions in taxpayer dollars to the second most highly valued company in the world when local infrastructures are struggling.

The Hill's Harper Neidig tells us why here.

 

Senior GOP senator warns Trump against partial shutdown: Senate Appropriations Committee Chairman Richard ShelbyRichard Craig ShelbyOn The Money: House GOP struggles to get votes for B in wall funds | Fallout from Oval Office clash | Dems say shutdown would affect 800K workers | House passes 7 billion farm bill GOP struggles to win votes for Trump’s B wall demand Senators prepare for possibility of Christmas in Washington during a shutdown MORE (R-Ala.) says he warned President Trump in a White House meeting Thursday afternoon that Republicans should avoid a partial government shutdown over the president's desire for a border wall. 

Shelby and Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellGOP-controlled Senate breaks with Trump on Saudi vote Overnight Defense: Senate moves toward vote on bill ending support for Saudi war | House GOP blocks Yemen war votes for rest of year | Trump throws uncertainty into Pentagon budget | Key Dem to leave transgender troop ban to courts Senate moves toward vote on ending support for Saudi-led war MORE (R-Ky.) returned to Capitol Hill Thursday afternoon after meeting with Trump. 

Newly elected Senate Republican Whip John ThuneJohn Randolph ThuneOn The Money: Trump, Dems battle over border wall before cameras | Clash ups odds of shutdown | Senators stunned by Trump's shutdown threat | Pelosi calls wall 'a manhood thing' for Trump Senators dumbfounded by Trump vow to shut down government The Hill's Morning Report — Trump shakes up staff with eye on 2020, Mueller probe MORE (S.D.) also attended the meeting. 

"I said we shouldn't ever want to shut down the government," Shelby told reporters when asked about discussion about a possible shutdown.

"I think maybe he agreed, I don't know," he said of Trump's response.

The Hill's Jordain Carney explains here.

  • Trump has asked Congress for $5 billion to fund construction of a wall along the U.S.-Mexico border but the president and GOP leaders did not talk about a specific funding amount, according to Shelby. 
  • McConnell told reporters that he thinks a partial government shutdown will be avoided.

 

Senate confirms Bowman to Fed board: The Senate on Thursday confirmed Michelle "Miki" Bowman to the Federal Reserve Board, making the former Kansas bank commissioner President Trump's third addition to the central bank.

Senators voted to confirm by a vote of 64-34 to confirm Bowman to a 14-year term on the board, filling a seat designated for an official with community banking experience. Bowman previously served as Kansas' chief bank regulator and vice president at Farmers & Drovers Bank, a Kansas bank that reported $181 million in assets in 2017.

Fourteen Democrats voted to confirm Bowman, while Sen. Rand PaulRandal (Rand) Howard PaulLame-duck Congress should pass First Step Act Limited Senate access to CIA intelligence is not conspiracy Dems have new moniker for Trump: ‘Unindicted co-conspirator' MORE (R-Ky.) was the only Republican to oppose her. I've got more on Bowman's confirmation and what it means for the Fed here.

 

GOOD TO KNOW 

 

ODDS AND ENDS

  • The Defense Department failed its first full-scale audit, the results of which are expected to be released later today, according to a Pentagon spokesman.
  • Mexico's tequila producers are opposing Elon Musk's efforts to trademark an alcoholic drink dubbed "Teslaquila," according to The Guardian.