A new book claims Jared Kushner managed secret foreign cash accounts tied to Saudi Arabia and the UAE, which is bad news for Kushner's credibility and potentially explosive for US foreign policy oversight.

• The book, written by a veteran investigative reporter, says Saudi Arabia's MBS and the UAE's MBZ set up two secret accounts that Kushner could draw from while he was in the White House.
• One account allegedly funded foreign policy operations, including payments to mercenaries and a Libyan warlord; the other was allegedly set up for Kushner's personal benefit and parked in Israel's central bank at Netanyahu's suggestion.
• The accounts reportedly surfaced after Dutch intelligence, while investigating a Russian hack of Kushner's phone, found evidence of the money flows themselves.
• The reporting also ties the blockade of Qatar in 2017 to Kushner's family real estate debt, claiming Qatar eventually felt pressured into bailing out Kushner's troubled New York building to resolve the standoff.
• Kushner and the White House have denied everything, calling it fiction, while the book's publisher put it through an extensive legal and fact-checking review.

Outlook: Expect calls for a congressional investigation to grow, while Kushner's team continues pushing back and may pursue legal action.