The bill would revise several sentencing laws, including retroactively limiting the disparity in sentencing guidelines between crack and powder cocaine offenses. Its passage was a victory for President Trump and his son-in-law and adviser, Jared Kushner, who had pushed for the measure.
Supporters of ex-national security adviser Michael Flynn and the president had hoped the jurist, who has a history of ferreting out prosecutorial misconduct, would reveal overreach by the special counsel and FBI.
The Wisconsin Republican often spoke of the imperative of fiscal discipline, but the nation’s red ink has grown since Ryan became speaker. Meanwhile, his brand of aspirational conservatism has shown little currency in the face of President Trump’s brash populism.
Federal Reserve Chair Jerome H. Powell is trying to reassure the nation that the U.S. central bank has a firm grip on the state of the economy. But President Trump and Wall Street are increasingly doubtful the Fed is on the right path.