Wilbur Ross: Why I’m backing Donald Trump

Donald Trump speaks at a campaign rally in Greensboro, North Carolina. REUTERS/Jonathan Drake

Here is the latest Political News from CNBC.

Wilbur Ross: Why I’m backing Donald Trump
Billionaire distressed asset investor Wilbur Ross has explained his reasons for backing Donald Trump to be the next U.S. president.

Clinton wins D.C. primary, has ‘positive’ meeting with Sanders
Hillary Clinton formally concluded the U.S. Democratic presidential race on Tuesday with a win in the District of Columbia primary,.

Popular Obamacare plans look at 10% hikes in 2017
Double-digit proposed price increases are the norm for key Obamacare plans in 14 major U.S. cities.

Vice President Elizabeth Warren?
As Hillary Clinton heads toward the Democratic National Convention, all eyes will be on whom she will pick as her VP. Will it be Sen. Elizabeth Warren? CNBC’s Phil Han reports.

Asked why he supports Clinton, Andreessen says: ‘Is that a serious question?’
Venture capitalist Marc Andreessen on why he feels Hillary Clinton trumps Donald Trump.

The anti-gun lobby just won over a new ally
The major doctors group said it wants Congress to fund research into the problem.

House Speaker Ryan: Trump’s proposed Muslim ban not in country’s best interest
“I do not think a Muslim ban is in our country’s interests, I do not think it is reflective of our principles,” said Paul Ryan.

Donald Trump headed back to Capitol Hill to address Republicans
Trump will address House Republican on July 7. NBC News reports.

US Senate passes $602 billion defense authorization bill against Obama’s will
The vote was 85-13, far more than the majority needed to pass the 100-member Senate.

Russian hackers breach DNC, take research on Trump
The hackers have had access to the group’s communications and databases since at least last summer, NBC News reports.

Incredulous Obama: Is this really what the GOP wants?
Obama says Trump’s calls for restrictions on Muslims upend “the very things that make our country great.”

Clinton carries ‘banner of hope’ over Trump ‘hate,’ says Democrat Bill Bradley
Clinton over Trump is “light versus darkness,” says onetime Democratic presidential candidate Bill Bradley.

Dealer who sold massacre gun: ‘I don’t make the laws’
The Florida gun dealer who sold a handgun and a rifle to the Orlando massacre suspect said Monday that his conscience is clear.

Street still bets on Hillary, divided on who’s best for economy
By 80 percent to 15 percent, respondents to the June CNBC Fed Survey think Clinton will win the election.

Owned by 5 million Americans, AR-15 under renewed fire after Orlando massacre
The Orlando massacre has once again prompted calls for a ban on the AR-15, the weapon used in the worst mass shooting in U.S. history.

Trump implies Obama was complicit in Orlando shooting
Trump seemed to accuse Obama of being complicit in the Orlando mass shooting.

How Orlando will alter the presidential race
Politico’s Ben White analyzes how the massacre may reveal the vulnerabilities of Trump and Clinton on terrorism.

As Atlantic City casinos went under, Trump still reaped millions
A review by the New York Times underscores how the GOP presumptive nominee profited from the failure of his casinos.

Meg Whitman, other GOP luminaries defy unity calls by hammering Trump
Big names in the GOP lashed out at Donald Trump, the presumptive nominee, The New York Times reports.

US politicians condemn Orlando shooting as Trump calls on Obama to resign
The terror-related shooting in Orlando drew shock and outrage from across the political spectrum.

Suspected terror ties didn’t stop gunman’s assault rifle purchase
How does a man investigated by the FBI for possible links to terrorism buy an assault-style weapon in America? Easily.

Iconic Clinton photo prompted State Department questions
An iconic photo of Clinton spurred a State official to check if she had been assigned a government email address.

US approves flights to Cuba by six American carriers
The U.S. approved flights to Cuban cities other than Havana from five cities, with service starting as soon as this fall.

Puerto Rico gets help in Congress as July deadline looms
The bill to help Puerto Rico with its debt crisis moves to the Senate after the House passed the bill with bipartisan support.

Charles Koch launches ‘end the divide’ ad campaign
Charles Koch is campaigning for Americans of all political stripes to “end the divide,” USA Today reports.

Just 4% of vote may decide Clinton vs Trump: Veteran political analyst
Hillary Clinton and Donald Trump must fight for a razor-thin slice of “hardcore independent” voters, says Larry Sabato.

This is why Hillary Clinton wore a $12,000 Armani jacket
Celebrity stylists say there’s a very good reason why Hillary Clinton wore a $12,000 Armani jacket.

Obama endorses Clinton: ‘I don’t think there’s ever been someone so qualified’
“I don’t think there’s ever been someone so qualified to hold this office,” President Obama said of Hillary Clinton.

Who will Donald Trump pick as his VP? Here’s a cheat sheet
Here’s a look at some of the top contenders for the job.

New Jersey top court sides with state in high-stakes pension case
The New Jersey Supreme Court ruled Thursday that the state is allowed to freeze public pension cost-of-living adjustments.

Bernie Sanders: I’ll compete in DC primary, do whatever I can to stop Trump
Bernie Sanders met with President Barack Obama days after news outlets named Hillary Clinton the presumptive Democratic nominee.

There’s a GOP delegate challenge brewing over a Trump nomination
After the latest controversy, the “dump Trump” call is gaining momentum within Republican delegate ranks.

I still support Donald Trump despite judge comments: Carl Icahn
“I don’t think anybody who supports Donald is happy” with Trump’s comment about a Mexican-American judge, Icahn told CNBC.

Archaeologists will study Trump ruins for a while: GOP strategist
CNBC’s John Harwood sat down with GOP consultant Mike Murphy, who raised millions for Jeb Bush, to talk the 2016 election.

Ditching Trump akin to treating a cancer: Conservative talk show host
Conservative radio host Hugh Hewitt wants to change GOP convention rules to be able to ditch Donald Trump.

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