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☆ 'Nobody's getting wealthy on Social Security,' lawmaker says. The November election may influence the program's future
▼ + stars: | 2024-04-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Protect Social Security!" In 1983, when the last major Social Security reforms were enacted, there were no benefit enhancements, Larson argued. Today, annual earnings of up to $168,600 are subject to a 6.2% payroll tax toward Social Security paid by both workers and employers. Larson's plan also calls for closing loopholes that allow wealthy taxpayers to avoid paying Social Security taxes on other income. Larson said the public is well aware that Social Security benefits are theirs and they've paid for them.

Persons: Kean, Dave Kotinsky, Larson, they've, John Larson, Conn, Mark Wilson, Nancy Altman, Drew Ferguson, Ferguson, Jodey Arrington, Charles Blahous, Blahous Organizations: Getty, hasn't, Social Security, Security, Social, Capitol, Democratic, Republican, Republican House, Republicans, George Mason University Locations: Bridgewater , New Jersey, Jan, Georgia, Texas

☆ How the House GOP’s Biden impeachment effort fell apart
▼ + stars: | 2024-04-24 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +14 min

“To me, success is impeachment from the House,” GOP Rep. Brian Mast said. Comer’s co-leads, House Judiciary Chairman Jim Jordan and House Ways and Means Chairman Jason Smith, are also fully behind the work. I don’t think that’s an impeachable offense,” GOP Rep. Jodey Arrington said. Even GOP Rep. Darrell Issa remarked after the first hour of questioning that Hunter Biden was prepared for the interview. There’s an election in seven months from now,” GOP Rep. Nick LaLota, who represents a New York district Biden won in 2020, told CNN.

Persons: James Comer, Joe Biden, –, Comer, Biden, “ Comer, Jesus, Alejandro Mayorkas, Comer –, “, Anna Paulina Luna –, Hunter Biden, it’s, ” Luna, ”, missteps, Brian Mast, Mike Johnson, Comer’s, Jim Jordan, Jason Smith, ” Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, ” Bruce Dubinsky, McCarthy, Samuel Corum, Johnson, Jodey Arrington, Darrell Issa, …, Doug LaMalfa, Mayorkas, Tony Gonzales, Austin Scott, ” Comer, Donald Trump, Jordan, doesn’t, There’s, Nick LaLota, Jamie Raskin, Raskin Organizations: Washington CNN —, Republican, CNN, Kentucky Republican, Homeland, Biden, GOP, Republicans, Getty, White, Democratic, ”, Department of Justice Locations: Kentucky, ”, Washington , DC, –, Texas, New York

☆ One of the largest FTX creditors is trying to recoup millions for victims
▼ + stars: | 2024-04-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Bruch is one of the largest individual FTX creditors and has been tapped by the US Department of Justice to serve as one of nine on the FTX Creditors’ Committee, where he is working to recoup the funds lost by customers. DOJ-appointed creditor committees ordinarily consist of people and companies who hold the seven largest unsecured claims against the debtor (in this case, FTX), according to the agency. Before the Bell spoke with Bruch about Sam Bankman-Fried, FTX, MyPrize and the future of crypto. I feel for all of the creditors and am doing everything I can to help recoup what was taken from us. I’ve worked at some of the largest crypto trading desks in the world and then also started trading my own book of capital and grew to become one of the largest individual crypto traders.

Persons: Sam Bankman, Fried, Zach Bruch, Bruch, MyPrize, Bell, Sam Bankman Fried, —, ”, Sam Bankman Fried’s, Bitcoin, I’ve, Elisabeth Buchwald, Jerome Powell wasn’t, ” Powell, Powell, Christopher Waller, Evan Gershkovich, Evan Gershkovich’s, Radina Gigova, Anna Chernova, Antonina Favorskaya, Alexey Navalny, Favorskaya, Gershkovich Organizations: CNN Business, Bell, New York CNN, US Department of Justice, ’, DOJ, Arrington Capital, Department of Justice, Federal, Commerce Department, San Francisco Fed, ” Fed, CNN, Wall Street Locations: New York, Russia, Yekaterinburg

SAN ANTONIO (AP) — The bodies of four people were discovered inside a Texas home that was engulfed by flames on Friday, officials said. Firefighters in San Antonio were called to a house fire just after 11 a.m. on the city’s south side. They tried to put out the blaze from the outside “but there was so much fire” when they got there that they focused instead on protecting neighboring homes, said San Antonio Fire Department spokesperson Joe Arrington. “It’s a very dark day for the fire department here,” Arrington said. Two neighboring homes had minor damage from the fire.

Persons: Joe Arrington, “, ” Arrington, Arrington Organizations: ANTONIO, Firefighters, San Antonio Fire, Investigators Locations: Texas, San Antonio

The Browns still have a shot to get more value out of their trade that sent three first-round picks and three lower picks to Houston for Deshaun Watson. Here's a look at some of the worst trades in the NFL over the years:HERSCHEL WALKER TO MINNESOTAPhotos You Should See View All 60 ImagesThe Cowboys launched their dynasty in the 1990s when Jimmy Johnson realized the high value of draft picks and turned Herschel Walker into a huge haul of them. The trades helped Dallas acquire draft picks that led to Emmitt Smith, Darren Woodson, Russell Maryland and Kevin Smith, who contributed to three Super Bowl titles. That led the Falcons to cut ties quickly, trading him after the season to Green Bay for a first-round pick. But the Seahawks were able to turn him into a first-round pick from quarterback-starved Chicago in 1997.

Persons: Russell Wilson, Deshaun Watson, Cleveland, Watson, HERSCHEL WALKER, Jimmy Johnson, Herschel Walker, Johnson, Emmitt Smith, Darren Woodson, Russell Maryland, Kevin Smith, Walker, RUSSELL WILSON, Peyton Manning, Wilson, O.J, Bill Walsh, Simpson, BRETT FAVRE, Brett Favre, Ron Wolf, Mike Holmgren, Favre, Tony Smith, TREY LANCE, Jimmy Garoppolo, Trey Lance, Lance couldn't, Brock Purdy, Sam Darnold, RICKY WILLIAMS, Mike Ditka, Ricky Williams, Williams, LaVar Arrington, CLINTON, CHAMP BAILEY, Champ Bailey, Clinton Portis, Bailey, RICK MIRER, Shawn Springs, Mirer, ___ Organizations: Denver Broncos, Cleveland Browns, Broncos, Seattle, Browns, Houston, NFL, Cowboys, Vikings, Dallas, DENVER The Broncos, Denver, FRANCISCO, 49ers, Buffalo, Niners, Bills, GREEN BAY Atlanta, Falcons, Packers, Super Bowl, North Dakota State, Saints, Washington, Pro Bowl, Fame, Seahawks, Bears Locations: MINNESOTA, Minnesota, Denver, Wilson, Francisco, Green, North Dakota, Washington, Seattle, Chicago

☆ Rep. Nancy Mace of South Carolina backs Donald Trump over Nikki Haley in the 2024 Republican primary
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +3 min

Donald Trump has picked up another endorsement from Nikki Haley's home state of South Carolina, with Rep. Nancy Mace backing the former president in this year's GOP presidential primary. Mace had stayed out of the 2024 Republican primary as two fellow South Carolinians — former Gov. Over the weekend, Trump was joined by a slew of South Carolina leaders as he campaigned in New Hampshire, seen as yet another blow from South Carolina against Haley. Just two years ago, Mace and Haley were aligned in a congressional primary that tested Trump's heft in South Carolina, where his own 2016 presidential primary win helped cement his nomination. During a pre-primary rally in South Carolina, Trump called Mace "crazy" and "a terrible person."

Persons: Nancy Mace, Donald Trump, Nikki Haley's, Mace, Carolinians, Haley, Sen, Tim Scott —, Trump, I've, Ron DeSantis, Russell Fry, Joe Wilson, William Timmons, Ralph Norman, Jeff Duncan, he's, Mace —, —, Democrat Joe Biden, Katie Arrington, Donald Trump's Organizations: Biden, Capitol Visitor Center, GOP, New, Associated Press, Trump, Carolina Republican's, Republican, Haley, Florida Gov, Trump . New, Republican U.S, House, U.S . Capitol, Democrat, SMART America First Republican Patriots, Republicans Locations: South Carolina, New Hampshire, Carolina, Iowa, Florida, Trump ., Trump . New Hampshire, America

CHARLESTON, S.C. (AP) — Donald Trump has picked up another endorsement from Nikki Haley's home state of South Carolina, with Rep. Nancy Mace backing the former president in this year's GOP presidential primary. Mace had stayed out of the 2024 Republican primary as two fellow South Carolinians — Haley and Sen. Tim Scott — entered the race last year. On Monday, a day ahead of the New Hampshire primary, Mace told The Associated Press that she was backing Trump over Haley, who lives in her congressional district and supported her in 2022 against a Trump-backed challenger. Over the weekend, Trump was joined by a slew of South Carolina leaders as he campaigned in New Hampshire, seen as yet another blow from South Carolina against Haley. Just two years ago, Mace and Haley were aligned in a congressional primary that tested Trump's heft in South Carolina, where his own 2016 presidential primary win helped cement his nomination.

Persons: — Donald Trump, Nikki Haley's, Nancy Mace, Mace, Carolinians — Haley, Sen, Tim Scott —, Trump, Haley, “, I’ve, ” Mace, ”, Ron DeSantis, Russell Fry, Joe Wilson, William Timmons, Ralph Norman, Jeff Duncan, he’s, Mace —, —, ” Trump, Mace “, SMART America First Republican Patriots ”, Katie Arrington, ” Haley, “ Donald Trump’s, ___ Meg Kinnard Organizations: GOP, New, Associated Press, Trump, Carolina Republican's, Republican, Haley, Florida Gov, Republican U.S, House, U.S . Capitol, SMART America First Republican Patriots, Republicans Locations: CHARLESTON, S.C, South Carolina, New Hampshire, Carolina, Iowa, Florida, Hampshire, America

WASHINGTON (AP) — A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress won approval Thursday from a House committee. Many Democrats see the commission as an attempt to force cuts to Social Security and Medicare. The commission would have 16 members: 12 from Congress, evenly divided by party, and four outside experts who would not have voting power. Republicans blame federal spending for the annual deficits while many Democrats cite tax cuts enacted under Republican administrations. Three committee Democrats voted for it, including Rep. Scott Peters, D-Calif., who worked with Rep. Bill Huizenga, R-Mich. in sponsoring the bill.

Persons: “ everything's, Joe Manchin, Mitt Romney, Jodey Arrington, ”, Arrington, “, Brendan Boyle, Mike Johnson, Hakeem Jeffries, ” Johnson, ” Jeffries, Scott Peters, Bill Huizenga, Peters, ” Peters, Becca Balint Organizations: WASHINGTON, Republicans, Social Security, GOP, Republican, Pennsylvania, U.S . Capitol Police, Democrats, Democratic, ” Locations: R, Utah, Texas, New York

☆ Mike Johnson seeks to avoid McCarthy's fate as he navigates shutdown and immigration
▼ + stars: | 2024-01-16 | by ( Sahil Kapur | ) www.cnbc.com time to read: +6 min

US House Speaker Mike Johnson, a Republican from Louisiana, during a news conference at the US Capitol in Washington, DC, US, on Wednesday, Jan. 10, 2024. Under pressure from right-wing members, House Speaker Mike Johnson, R-La., faces stark challenges in keeping the government funded and responding to a potential Senate deal that would toughen immigration laws while providing funding for Ukraine. But passing the spending deal could make it politically more difficult for Johnson to support an emerging bipartisan Senate immigration deal that the right wing of the GOP is turning against. 2 is his position, but he was careful not to reveal specifics of what the House would accept if a Senate immigration deal came together, the sources said. Johnson's allies believe GOP opponents of the spending deal may vote against it but doubt they'll come for his job.

Persons: Mike Johnson, He's, Johnson, Chuck Schumer, Chip Roy, Steve Deace, Schumer, Brian Fitzpatrick, We've, it's, Doug Heye, Heye, Sen, James Lankford of, Marjorie Taylor Greene, Greene, It's, Kevin McCarthy, Johnson's, they'll, Jodey Arrington Organizations: Republican, Ukraine, White, Congress, Republicans, GOP, Fox News, Democrats, United States Congress Locations: Louisiana, Washington , DC, Iowa, Texas, Ukraine, Russia, James Lankford of Oklahoma

☆ Celsius Network faces roadblocks in pivot to bitcoin mining
▼ + stars: | 2023-11-30 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Crypto lender Celsius Network may have to seek a new creditor vote on its proposed transformation into a bitcoin mining business, a U.S. bankruptcy judge said during a court hearing on Thursday. Celsius said last week that it had reduced its post-bankruptcy business plans to focus only on bitcoin mining, citing the skepticism of the U.S. Securities and Exchange Commission (SEC) about its other planned business lines. The SEC did not definitively object to Celsius' bankruptcy plan before it was approved, but Celsius said the agency was unwilling to approve crypto lending and staking activity that the agency has opposed in the past. Celsius attorney Chris Koenig argued at Thursday's hearing that Celsius's court-approved bankruptcy plan gave the company flexibility to pivot to a mining-only business. Celsius creditors can expect a 67% recovery under the new plan, an increase from 61.2% under the Fahrenheit deal, according to court documents filed on Thursday.

Persons: Dado Ruvic, Martin Glenn of, Glenn, Chris Koenig, Koenig, Arrington, BRIC, Dietrich Knauth, Alexia Garamfalvi, Grant McCool Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Bankruptcy, US Bitcoin Corp, Arrington Capital, Recovery Investment, US, Thomson Locations: U.S, Martin Glenn of New York

☆ Celsius Network pivots to bitcoin mining after bankruptcy
▼ + stars: | 2023-11-21 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

[1/2] Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its other planned business lines. A U.S. bankruptcy court in Manhattan had approved Celsius' Chapter 11 plan on Nov. 9, clearing the company to return cryptocurrency to customers and create a new company owned by Celsius creditors. The SEC did not definitively say during Celsius' bankruptcy case whether the new company's business plans would violate U.S. law, but it reserved the right to make that determination later. Bitcoin mining was always meant to be the "core business" of the new company, Celsius said.

Persons: Dado Ruvic, BlockFi, Dietrich Knauth, Alexia Garamfalvi, Richard Chang Organizations: REUTERS, U.S . Securities & Exchange Commission, SEC, Arrington Capital, Bitcoin Corp, Voyager, Thomson Locations: U.S, Manhattan, New Jersey

☆ Crypto lender Celsius Network cleared to exit bankruptcy
▼ + stars: | 2023-11-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - Crypto lender Celsius Network received U.S. bankruptcy court approval for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. Crypto lenders BlockFi and Voyager Digital were wiped out in bankruptcy, and cryptocurrency exchange FTX remains stuck in Chapter 11 proceedings. In addition to their stake in the new company, Celsius customers will receive a partial repayment of the cryptocurrency assets they deposited on the platform. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. The restructuring plan includes a settlement that values Celsius's proprietary crypto token, CEL, at 25 cents.

Persons: Dado Ruvic, Martin Glenn, Michael Arrington, BlockFi, Arrington, Alex Mashinsky, Mashinsky, Dietrich Knauth, Alexia Garamfalvi, Lisa Shumaker, Bill Berkrot Organizations: REUTERS, Bankruptcy, LLC, Arrington Capital, Voyager, Nasdaq, Thomson Locations: Manhattan, New Jersey, New York

Aside from McCarthy and Jordan, Republicans have also rejected their No. That plan would give more authority to Republican Representative Patrick McHenry, who is filling the speaker's chair on a temporary basis. He helped to engineer government shutdowns in 2013 and 2018 and helped to push Republican Speaker John Boehner into retirement in 2015. Jordan's vote total of 194 was less than McCarthy netted in 15 grueling rounds of voting in January. Jordan's Republican opponents declined to celebrate in the wake of his defeat.

Persons: Republican Jim Jordan's, Joe Biden's, Jordan, Kevin McCarthy, Biden, McCarthy, Steve Scalise, Lawmakers, Austin Scott, Kevin Hern, Jodey Arrington, Patrick McHenry, Jim Jordan, Jonathan Ernst, McHenry, Donald Trump, Biden's, I've, shutdowns, John Boehner, Jordan's, Scott Perry, he's, Katherine Clark, Mario Diaz, David Morgan, Katharine Jackson, Gram Slattery, Andy Sullivan, Scott Malone, Chizu Nomiyama, Nick Zieminski, Grant McCool Organizations: Republican, U.S . House, Republicans, U.S, Sunday, U.S ., House Democrats, U.S . Rep, Capitol, REUTERS, Financial Services, White, Democratic, Thomson Locations: Ukraine, Israel, Washington , U.S

I don't know if that's a newsflash for anybody here," Republican Representative Scott Perry said. Republican Representative Jodey Arrington, who has been floated as an alternative, said he was backing Jordan for now. That plan would give more authority to Republican Representative Patrick McHenry, who is filling the speaker's chair on a temporary basis. House Democrats and the White House have said they are open to the idea, but Republicans rejected it on Thursday. He helped to engineer government shutdowns in 2013 and 2018 and helped to push Republican Speaker John Boehner into retirement in 2015.

Persons: Jim Jordan, Jonathan Ernst, Republican Jim Jordan, Joe Biden's, Jordan, Biden, Donald Trump, Biden's, I've, Kevin McCarthy, McCarthy, Scott Perry, he's, Katherine Clark, Jodey Arrington, Patrick McHenry, PETTY, shutdowns, John Boehner, David Morgan, Katharine Jackson, Gram Slattery, Andy Sullivan, Scott Malone, Grant McCool, Chizu Nomiyama, Nick Zieminski Organizations: U.S . Rep, U.S, Capitol, REUTERS, Rights, Republican, U.S . House, Representatives, Democratic, House Democrats, Investors, White, Thomson Locations: Washington , U.S, Ukraine, Israel

☆ Republicans are asking their Twitter followers to help them decide who should replace Kevin McCarthy
▼ + stars: | 2023-10-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

House Republicans are set to choose a new speaker next Wednesday, and it's unclear who that will be. Some of them have apparently turned to Twitter to help their decision-making — or to make a point. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As House Republicans try to settle on a candidate to take the reigns after Kevin McCarthy's sudden defenestration this week, some of them are polling their Twitter followers on who they'd like to see in the top job. "That said, who would you like to see as the next Speaker of the House?," wrote LaLota.

Persons: —, Kevin McCarthy's, Marjorie Taylor Greene, Donald Trump, Jim Jordan of, Steve Scalise, Marjorie Taylor Greene 🇺🇸 ( Organizations: Republicans, Twitter, Republican, Service, Trump, — Locations: Marjorie Taylor Greene of Georgia, Jim Jordan of Ohio, Jordan

In the meantime, House Republicans have no clear leader heading into next year's election as they cling to a razor-thin majority. The leadership fund will shift its alignment to follow the new House speaker once one is elected. McCarthy visiting a district could often be a major draw, juicing fundraiser proceeds, though that’s a role any new House speaker can grow into. “That’s where McCarthy has crushed it,” said Cam Savage, a longtime Republican strategist who works on House races. “After this week’s chaotic episode, House Republicans have basically upgraded to a Disney fast-pass in their never-ending roller coaster ride to the radical right,” said Viet Shelton, a spokesman for the Democratic Congressional Campaign Committee, the party’s House campaign arm.

Persons: — Kevin McCarthy, he’s, McCarthy, ”, Kelly Armstrong, Kevin McCarthy, Paul Ryan, Republican John Boehner, Donald Trump, “, Dan Conston, “ That’s, Cam Savage, ” McCarthy, he’ll, Joe Biden, Viet Shelton, “ It’s, Marty Obst, aren't, Nancy Mace, Katie Arrington, Mace, ” Arrington, Trump, Kevin Freking, Meg Kinnard, James Pollard Organizations: WASHINGTON, Republican, Republicans, National Republican Congressional Committee, Congressional, Fund, GOP, House, Trump, House Democrats, House Republicans, Disney, Democratic Congressional, Committee, Washington, Associated Press Locations: Dallas, McCarthy’s, California, Viet, South Carolina, Washington, Columbia , South Carolina

☆ Kevin McCarthy's wild ride as US House speaker ends in historic fall
▼ + stars: | 2023-10-04 | by ( David Morgan | ) www.reuters.com time to read: +5 min

U.S. House Speaker Kevin McCarthy (R-CA) walks back to the Speaker's office after a motion to vacate the chair of Speaker of the House and end McCarthy's continued leadership passed by a vote of 216-210, at the U.S. Capitol in Washington. On Tuesday, eight members of his party joined 208 Democrats to oust McCarthy as speaker in a 216-210 vote. But as I walk out of this chamber, I feel fortunate to have served the American people," McCarthy, 58, told reporters. "Frankly, one has to wonder whether or not the House is governable at all," Republican Representative Dusty Johnson told reporters after McCarthy's ouster. But hardliners soon used their leverage to shutter the House floor in protest over the spending level that McCarthy had agreed to Biden.

Persons: Kevin McCarthy, McCarthy's, Jonathan Ernst, Matt Gaetz, McCarthy, Gaetz, " McCarthy, Donald Trump, Joe Biden, seethed, Biden, John Boehner, Paul Ryan, Trump, Dusty Johnson, Steve Scalise, Tom Emmer, Jodey Arrington, Kevin Hern, David Morgan, Scott Malone, Stephen Coates Organizations: U.S, Capitol, REUTERS, Rights, U.S . House, California Republican, Democratic, Republican, Reuters, Republicans, Committee, Thomson Locations: Washington, California, U.S

☆ House votes to oust Kevin McCarthy as speaker, throwing the chamber back into chaos
▼ + stars: | 2023-10-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

The House voted to vacate the Office of the Speaker on Tuesday, booting Kevin McCarthy from his job. The House, under interim speaker Rep. Patrick McHenry of North Carolina, will now have to hold speaker elections once again, and it's not clear where that will lead. In 1910, House Speaker Joseph Cannon called the motion himself as he faced a mutiny from his own party, daring his own members to oust him. The Saturday measure, while supported by most House Republicans, ultimately passed with more Democratic than Republican votes. Gaetz and dozens of other House Republicans — potentially more than half — oppose sending more aid to the besieged country.

Persons: Kevin McCarthy, Matt Gaetz's, —, Matt Gaetz, McCarthy, Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Bob Good, Nancy Mace, Matt Rosendale, Republicans —, Patrick McHenry of, there's, What's, Hakeem Jeffries, Angie Craig of, hasn't, Saul Loeb, it's, Joseph Cannon, Newt Gingrich, John Boehner, Gaetz, Joe Biden, could've, McCarthy hasn't, they're, Abigail Spanberger, Spanberger, Jared Golden of, Who's, Tom Emmer, Jodey Arrington, Tom Cole of Oklahoma, Andy Ogles Organizations: Democrats, Service, Republicans, Democrat, Republican, Arizona Rep, Colorado Rep, Tennessee Rep, Florida Rep, Rep, South Carolina Rep, House Republicans, Democratic, Getty, —, Florida Republican, Texas Locations: Florida, Montana, Patrick McHenry of North Carolina, California's, Angie Craig of Minnesota, Ukraine, Virginia, Jared Golden of Maine, Minnesota, Tennessee

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/file photoCompanies Celsius Network Limited FollowNEW YORK, Aug 14 (Reuters) - Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge's permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Some creditors oppose the plan, but the official committee appointed to represent junior creditors supports it and will recommend that Celsius customers vote in favor. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. This will allow Celsius customers to sell equity shares that they will receive as part of their bankruptcy recovery, according to court documents.

Persons: Dado Ruvic, Martin Glenn, Alex Mashinsky, Mashinsky, Dietrich Knauth, Alexia Garamfalvi, David Gregorio Our Organizations: REUTERS, Monday, Arrington, Nasdaq, Thomson Locations: Manhattan, . New Jersey, New York

☆ Biden’s IRS Chases Chump Change
▼ + stars: | 2023-08-11 | by ( Phil Gramm | Jodey Arrington | ) www.wsj.com time to read: 1 min

Review and Outlook: During Devon Archer's testimony to the House Oversight Committee, a picture emerged of how Hunter Biden's role on the board of Burisma got mixed up with Vice-President Joe Biden's Ukraine diplomacy. Images: EFE via ZUMA Press/Reuters Composite: Mark KellyCriminals stole at least $1 trillion from taxpayers during the pandemic. To date the Biden administration has offered only lip service and modest funding to try to reclaim these funds and punish wrongdoers. Meanwhile President Biden is hiring an army of Internal Revenue Service agents to shake down Americans he claims are tax avoiders. And his commitment is concrete—$80 billion to hire 87,000 new IRS agents.

Persons: Devon Archer's, Hunter, Burisma, Joe Biden's, EFE, Mark Kelly Criminals, Biden, wrongdoers Organizations: Press, Reuters, Internal Revenue Service, IRS, Congressional Locations: Joe Biden's Ukraine

☆ House Budget Chair Rep. Arrington on Fitch downgrade: Both sides have some share of blame here
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Budget Chair Rep. Arrington on Fitch downgrade: Both sides have some share of blame hereHouse Budget Committee Chair Rep. Jodey Arrington (R-Texas) joins 'Squawk Box' to discuss the fallout from Fitch's U.S. rating downgrade, what can be done about government deficits and spending, and more.

Persons: Arrington, Jodey Arrington Organizations: Fitch, U.S Locations: Texas

☆ 'It's a little frightening': Worldcoin surged 111% on its opening day. 2 experts explain why they would never scan their eyes in exchange for the crypto, and why they think the hype will fade.
▼ + stars: | 2023-08-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

On opening day, the WLD token surged from $1.70 to $3.58, up by about 110.6%, according to CoinMarketCap data compiled by Bloomberg. Isaac Patka, a former electrical engineer in the semiconductor industry turned crypto developer in 2017, believes the hype will soon fade. People could be exploited by signing up to get their irises scanned and then sell their accounts for a little bit of money in exchange for giving up their identity, Patka added. Now, what I mean by that is, if you're using a blockchain, it gets written to the blockchain," Arone said. You also run the risk of changes to the system, Arone added.

Persons: Isaac Patka, Geoffrey Arone, Sam Altman, aren't, it's, Patka, Worldcoin, Shield3, Arone, there's Organizations: Bloomberg, Arrington Capital, Experian, Clear

☆ Trumpworld aides have privately speculated that GOP Rep. Nancy Mace could become Trump's VP running mate after she changed her tune about the former president, report says
▼ + stars: | 2023-06-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Rep. Nancy Mace's stock has risen in Trumpworld, with some speculating she could be Trump's VP choice. Trump endorsed Mace's GOP primary opponent last year. "I'm willing to bury the hatchet to save the country, and I know President Trump is too." The Trumpworld aides noted that Mace could boost Trump among suburban women, a demographic where he faltered in his 2020 reelection campaign. "The fact that Nancy has been a constant and consistent presence in defense of President Trump has not gone unnoticed," Trump advisor Chris LaCivita told Politico of Mace's most recent statements.

Persons: Nancy Mace's, Trumpworld, Trump, —, Donald Trump, Nancy Mace, Katie Arrington —, Mace, Arrington, Trump's, Joe Biden, I'm, Democratic Sens, Jon Ossoff, Raphael Warnock, Nancy, Chris LaCivita Organizations: Politico, GOP, Service, Trump, Democratic Locations: Trumpworld, South Carolina, Manhattan, Georgia, Atlanta

☆ House Budget Chair Rep. Arrington on debt ceiling negotiations: We just have to be responsible
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Budget Chair Rep. Arrington on debt ceiling negotiations: We just have to be responsibleHouse Budget Committee chairman Rep. Jodey Arrington (R-Texas) joins 'Squawk Box' to discuss the latest on debt ceiling negotiations, and whether a bipartisan deal can be reached.

☆ Opinion | Speaker McCarthy Is Feeling the Heat
▼ + stars: | 2023-04-17 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

Having sold his soul and torched his dignity to win his dream gig, the fledgling speaker of the House is struggling to find his groove. Even as the House gears back up after recess, Mr. McCarthy is having relationship troubles with key members of his own team. The speaker is said to have lost confidence in — and been privately dumping on — both men, The Times reported. (Mr. McCarthy has rejected that family fissures exist.) Some Capitol Hill denizens suspect Mr. McCarthy remains disgruntled about his messy speaker’s race, during which, The Times noted, Mr. Arrington reportedly floated Mr. Scalise’s name for the top job.

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