The Latest: Trump says House intel probe has no basis
President Donald Trump announces his nomination of David Malpass, under secretary of the Treasury for international affairs, to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, Feb. 6, 2019, in Washington. (AP Photo/ Evan Vucci)WASHINGTON (AP) — The Latest on Democrats' investigations and President Donald Trump (all times local):
2:25 p.m.
President Donald Trump is lashing out at Adam Schiff, the Democratic chair of the House intelligence committee, after Schiff announced plans to launch a broad new investigation looking at Russian interference in the 2016 election and Trump's foreign financial interests.
Trump says Schiff "has no basis" for doing that and is calling the California Democrat "a political hack who's trying to build a name for himself."
He's also labeling the efforts "presidential harassment" and claiming they hurt the country.
Trump's spoke during a White House event to announce his pick to serve as the next president of the World Bank.
Schiff said Wednesday the investigation would examine issues including "the scope and scale" of Russian intervention in the 2016 presidential election and whether foreign actors have sought to hold leverage over Trump, his family or associates.
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1:02 p.m.
President Donald Trump's suggestion in his State of the Union address that Democrats abandon their investigations of his administration is a "threat" that has no place in Congress.
Pelosi told reporters Wednesday "the president should not bring threats to the floor of the House."
Trump in his state of the union address Tuesday said "ridiculous partisan investigations" could harm the economy.
Pelosi and Senate Minority Leader Chuck Schumer showed no sign of relenting on the congressional investigations of the Trump administration and Russian interference in the elections.
Schumer in Senate floor remarks Wednesday asked what Trump's "afraid of?"
If Trump wasn't afraid of something "that might be there that he did that was wrong" he would "shrug his shoulders," Schumer said, and let the investigations go forward.

Trump's worst enemy is truth. His only ally is deceit. His best friends are the purveyors of fake news.
Does Melania know, or is she in on it too?
For most of his life Donald Trump has benefited from the truism that no one cares about white collar crime. He's been defrauding people all along, and only now is anyone taking notice , and he is "outraged". TFB.
Why should Congress look into his finances and his company?
Because he's a crook?
About six months ago I read an article in Pro Publica, about an investigation into Trump property condo sales. The gist of the article is that the Trump company, including Ivanka Trump, intentionally misled potential condo customers by telling them that much more of the building had been sold in advance (thus guaranteeing the project would be built) than was actually the case. If 20% of the units had been sold, Ivanka would tell potential buyers that the figure was 70%. This was a form of fraud. In some cases the project was never built because it didnt sell, and those who may have been tricked by the Trumps had a hard time getting their deposit back. In the meantime the Trumps got all their money upfront. It was a con game.
There is no reason for anyone to have sympathy for trump being investigated. It is long overdue.