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☆ Sen. Gillibrand: Stablecoin bill will bring transparency and accountability into crypto & blockchain
▼ + stars: | 2024-04-17 | 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 EmailSen. Gillibrand: Stablecoin bill will bring transparency and accountability into crypto & blockchainSen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) joins 'Squawk Box' to discuss the new bipartisan legislation on regulating stablecoins, details of the new bill, how likely it will get passed in both chambers of Congress, and more.

Persons: Email Sen, Gillibrand, blockchain Sen, Kirsten Gillibrand, Sen, Cynthia Lummis Organizations: Email

☆ Voters are 'angry' over Trump's criminal charges because they don't seem 'legitimate': 'It just looks so fake,' GOP senator says
▼ + stars: | 2024-01-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

For GOP lawmakers like Wyoming Sen. Cynthia Lummis, Trump's legal issues only anger the public. "It just looks so fake, so contrived that people are disgusted with it," Lummis told HuffPost. AdvertisementSen. Cynthia Lummis of Wyoming recently told The Huffington Post that to many members of the public, Trump's legal issues seem "fake." "His legal challenges are making the public so angry because the lawsuits look punitive rather than legitimate," she told the outlet. AdvertisementHowever, for Republican Sen. Mitt Romney of Utah, a prominent Trump critic, the former president's continued hold over the party remains difficult to comprehend.

Persons: Donald Trump, Wyoming Sen, Cynthia Lummis, Lummis, HuffPost, —, Trump, Trump's, Sen, Tommy Tuberville, Republican Sen, Mitt Romney, president's, Romney, Joe Biden Organizations: GOP, Service, Trump, Republican, Iowa, New Hampshire Republican, Huffington, CNN Locations: Wyoming, Alabama, Utah

☆ Liz Cheney says Jim Jordan asked her to join the Freedom Caucus by pitching that the group needed a woman
▼ + stars: | 2023-12-05 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Liz Cheney didn't feel the need to join the Freedom Caucus when she first joined Congress. In her new book, Cheney wrote that Jim Jordan asked her to join the group by pointing to its lack of women. AdvertisementEven at the beginning of her first term in the House, Liz Cheney was skeptical of the Freedom Caucus. AdvertisementCheney's predecessor, now-Sen. Cynthia Lummis, was a member of the Freedom Caucus during her time in the lower chamber. "My voting record was more conservative than those of many members of the Freedom Caucus, a supposedly 'conservative' group," she added.

Persons: Liz Cheney didn't, Cheney, Jim Jordan, —, Liz Cheney, Dick Cheney, didn't, Jim Jordan of, Sen, Cynthia Lummis, John Boehner of, Jordan, Donald Trump's, Harriet Hageman Organizations: Freedom Caucus, Service, Freedom, Caucus, Democrats, John Boehner of Ohio, Republican Locations: Wyoming, Cheney, Jim Jordan of Ohio

☆ ‘What Have We Become?’ How Congress Came To Be So Boorish
▼ + stars: | 2023-11-16 | by ( Kaia Hubbard | ) www.usnews.com time to read: +7 min

They’re members of Congress. “I mean, straighten up here.”Even before this week, a number of vulgar refrains, heated exchanges and a near physical altercation punctuated this Congress after festering in recent years. What have we become?’”Indeed, this Congress seemed to kick off with drama baked in. The picture of this Congress is a stark departure from expectations for lawmakers in recent history. “For a lot of members, Congress is not a legislature so much as it is a reality television show about a legislature,” C. Lawrence Evans, a professor of government at the College of William & Mary, says.

Persons: –, “, ” Sen, Mazie, Elizabeth Warren, There's, ” Dan Lamb, it's, Matt Gaetz, Kevin McCarthy, Marjorie Taylor Greene’s, Hunter Biden, Lauren Boebert, Adam Schiff, Greene, Tim Burchett, McCarthy, Jared Moskowitz, James Comer, Sen, Markwayne Mullin, Barack Obama, Lindsey Williams Drath, ” Drath, ”, Drath, Lawrence Evans, College of William & Mary, “ It's, they’re, Mullin, ” Evans, Mike Johnson, Gaetz, Cynthia Lummis, Bernie Sanders, Sanders, Donald Trump, Trump, ” Sanders, Charles Sumner Organizations: Hawaii Democrat, Cornell University, Georgia Republican, Colorado Republican, House Republicans, California Democrat, New, New York Democrat, South Carolina Republican, Forward Party, Republican Party, College of William &, Wyoming Republican, Trump, Capitol Locations: Mazie Hirono, Hawaii, Massachusetts, Colorado, California, New York, Wyoming, Vermont, America, legislating, Arizona

The Hamas terrorist attack on Israel is reprehensible. Israel is under heavy attack right now by Hamas and taking action to defend itself and its people. Israel has every right to defend itself.”Sen. Jon Tester, Montana Democrat“I strongly condemn the terrorist attacks launched by Hamas against our ally Israel. I will continue to closely monitor the situation.”Sen. Maggie Hassan, New Hampshire Democrat“Hamas’s terrorist attack on Israel is nothing short of horrifying. Israel has every right to defend itself from this unjust war.”Sen. Ron Wyden, Oregon Democrat“The terrorist attack on Israel is appalling.

Persons: Hakeem Jeffries, “, Steve Scalise, ” Kevin McCarthy, ” Chuck Schumer, –, Herzog –, ” Mitch McConnell, ” Tom Emmer, ” Katherine Clarke, ” Dick Durbin, ” John Thune, ” Sen, Debbie Stabenow, Michigan Democrat “, Israel, Amy Klobuchar, Mark Warner, Elizabeth Warren, Massachusetts Democrat “, Bernie Sanders, Cory Booker, Cory Booker , New Jersey Democrat “, Joe Manchin, West Virginia Democrat “, Tammy Baldwin, Wisconsin Democrat “, Gary Peters, Gary Peters , Michigan Democrat “, Catherine Cortez Masto, Brian Schatz, Hawaii Democrat “, Jeff Merkley, Oregon Democrat “, John Barrasso, Joni Ernst, Iowa Republican “, Sen, Shelley Moore Capito, West Virginia Republican “, Steve Daines, Montana Republican “, Mike Lee, Mike Crapo, Chuck Grassley, Tommy Tuberville, Katie Britt, Lisa Murkowski, Dan Sullivan, Kyrsten, Mark Kelly, John Boozman, Tom Cotton, Arkansas Republican “, Alex Padilla, Laphonza Butler, California Democrat “, today’s, Michael Bennet, Colorado Democrat “, John Hickenlooper, Richard Blumenthal, Connecticut Democrat “, Chris Murphy, Tom Carper, Delaware Democrat “, Chris Coons, Marco Rubio, Rick Scott, Jon Ossoff, Georgia Democrat “, Anat Sultan, Raphael Warnock, “ I’m, Mazie, Tammy Duckworth, Todd Young, Mike Braun, Jerry Moran, Kansas Republican “, Hamas’s, Roger Marshall, Netanyahu, Rand Paul, Kentucky Republican “, Bill Cassidy, John Kennedy, Susan Collins, Maine Republican “, Ben Cardin, Maryland Democrat “, Chris Van Hollen, Ed Markey, Tina Smith, Minnesota Democrat “, Roger Wicker ,, Roger Wicker , Mississippi Republican “, Cindy Hyde, Josh Hawley, Eric Schmitt, Jon Tester, Montana Democrat “, Deb Fischer, Nebraska Republican “, Pete Ricketts, Jacky Rosen, Nevada Democrat “, Jeanne Shaheen, Jeanne Shaheen , New Hampshire Democrat “, Maggie Hassan, Maggie Hassan , New Hampshire Democrat “, Bob Menendez, Bob Menendez , New Jersey Democrat “, Martin Heinrich, New Mexico Democrat “, Biden, Ben Ray Lujan, Kirsten Gillibrand, New York Democrat “ I'm, Thom Tillis, Ted Budd, North Carolina Republican “, John Hoeven, John Hoeven , North Dakota Republican “, Kevin Cramer, Sherrod Brown, Ohio Democrat “, J.D, ”, Vance, James Lankford, Markwayne Mullin, Israel –, Ron Wyden, Bob Casey, John Fetterman, craven, Jack Reed, Sheldon Whitehouse, Lindsey Graham, Tim Scott, South Carolina Republican “ I’m, Mike Rounds, South Dakota Republican “ Shocked, Marsha Blackburn, Marsha Blackburn , Tennessee Republican “ Israel, Bill Haggerty, Tennessee Republican “, John Cornyn, John Cornyn , Texas Republican “, Ted Cruz, Mitt, Vile, Peter Welch, Vermont Democrat “, Tim Kaine, Patty Murray, Washington Democrat “, Maria Cantwell, Ron Johnson, Wisconsin Republican “ Israel, Cynthia Lummis, Wyoming Republican “, Jim Jordan, Jared Moskowitz, Abigail Spanberger, Elissa Slotkin, Don Bacon, perpetrating, Cori Bush, Missouri Democrat “, Kevin Hern, Kevin Hern , Oklahoma Republican “, ” Rep, Ritchie Torres, Ritchie Torres , New York Democrat “, Michael McCaul, Michael McCaul , Texas Republican “ I, Ilhan Omar Organizations: Palestinian, Hamas, Biden, House, Michigan Democrat, Minnesota Democrat, Virginia Democrat “, Senate Intelligence, Massachusetts Democrat, Islamic, Cory Booker , New, Cory Booker , New Jersey Democrat, West Virginia Democrat, Wisconsin Democrat, Gary Peters , Michigan Democrat, Nevada Democrat, Hawaii Democrat, State, Oregon Democrat, John Barrasso , Wyoming Republican, Iowa Republican, West Virginia Republican, Montana Republican, Utah Republican, Idaho Republican, Alabama Republican, Alaska Republican, Alaska Republican “, Arizona Democrat, John Boozman , Arkansas Republican “, Jewish, Arkansas Republican, California Democrat, Colorado Democrat, Connecticut Democrat, Delaware Democrat, Israel, Florida Republican, Georgia Democrat, Hawaii Democrat “, Indiana Republican, Indiana Republican “, Kansas Republican, Kentucky Republican, Louisiana Republican, Maine Republican, Maryland Democrat, Roger Wicker , Mississippi Republican, Smith , Mississippi Republican, Josh Hawley , Missouri Republican, Missouri Republican, Montana Democrat, Nebraska Republican, Jeanne Shaheen , New, Jeanne Shaheen , New Hampshire Democrat, Maggie Hassan , New Hampshire Democrat, Bob Menendez , New, Bob Menendez , New Jersey Democrat, New Mexico Democrat, New, New York Democrat, United, North Carolina Republican, John Hoeven , North Dakota Republican, Kevin Cramer , North Dakota Republican “, Ohio Democrat, Vance , Ohio Republican, James Lankford , Oklahoma Republican, Oklahoma Republican, “ Hamas, Rhode, Lindsey Graham , South Carolina Republican, South Carolina Republican, South Dakota Republican, Marsha Blackburn , Tennessee Republican, Tennessee Republican, John Cornyn , Texas Republican, Ted Cruz , Texas Republican, Vermont Democrat, Washington Democrat, Wisconsin Republican, Wyoming Republican, ”, Ohio Republican “, Missouri Democrat, Kevin Hern , Oklahoma Republican, Ritchie Torres , New, Ritchie Torres , New York Democrat, Jewish State, Michael McCaul , Texas Republican Locations: Israel, United States, Tehran, The United States, Iran, Michigan, U.S, Minnesota, Massachusetts, Vermont, Cory Booker ,, Cory Booker , New Jersey, West Virginia, Wisconsin, Gary Peters , Michigan, Nevada, Hawaii, Oregon, John Barrasso , Wyoming, America, Iowa, West, Montana, Iranian, Utah, Idaho, Alabama, Alaska, Alaska Republican “ America, @Israel, Kyrsten Sinema, Arizona, John Boozman , Arkansas, Jewish State, Arkansas, Saudi Arabia, California, Gaza, Colorado, Connecticut, Delaware, Florida, Georgia, Mazie Hirono, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Palestine, Roger Wicker , Mississippi, Smith , Mississippi, Josh Hawley , Missouri, Missouri, Nebraska, Jeanne Shaheen ,, Jeanne Shaheen , New Hampshire, Maggie Hassan , New Hampshire, Bob Menendez ,, Bob Menendez , New Jersey, New Mexico, New York, North, John Hoeven , North, Kevin Cramer , North, Ohio, Vance , Ohio, James Lankford , Oklahoma, Oklahoma, Pennsylvania, Rhode Island, Lindsey Graham , South, South, States, Marsha Blackburn , Tennessee, Tennessee, John Cornyn , Texas, Ted Cruz , Texas, Mitt Romney, Virginia, “ Hamas, Washington, Wyoming, Ohio Republican “ America, Kevin Hern , Oklahoma, Ritchie Torres ,, Ritchie Torres , New York, Michael McCaul , Texas

☆ Landmark marijuana financing bill set to move forward in the Senate
▼ + stars: | 2023-09-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

A new bill that aims to give the marijuana industry access to banking services is expected to move forward in the Senate on Wednesday. The bill would provide legal protection to banks or other financial institutions that offer services to state-legal marijuana businesses. The Senate Banking Committee will mark up the bill Wednesday, and the panel is expected to vote to advance it to the full chamber's floor. Even as 39 states have legalized marijuana for recreational or medical use, the sector has struggled to scale. The new bill includes stricter requirements for federal regulators, such as prohibiting them from terminating any marijuana-related accounts without "valid reason," or from denying banking services based on "personal beliefs or political motivations."

Persons: Jeff Merkley, Steve Daines, Kyrsten Sinema, Cynthia Lummis, Chuck Schumer, Ian Katz Organizations: U.S, Capitol, Washington , D.C, Sens, SAFE, Democratic, Republican, GOP, Capital Alpha Partners, Republicans Locations: Oregon, Washington ,

US President Joe Biden and Ukrainian President Volodymyr Zelenskyy shake hands during an expanded bilateral meeting in the East Room of the White House in Washington, DC, on September 21, 2023. The U.S. will provide Ukraine with an additional $325 million in military aid, President Joe Biden announced Thursday during a White House meeting with Ukrainian President Volodymyr Zelenskyy. Before the meeting began in the Oval Office, Biden and Zelenskyy gave brief remarks to the press. In Washington, Zelenskyy met for a little more than an hour with senators on Capitol Hill. Zelenskyy visited Washington in December and delivered an address to a joint meeting of Congress.

Persons: Joe Biden, Volodymyr Zelenskyy, Abrams, Biden, Amanda Sloat, Andrea Mitchell, Sloat, Zelenskyy, Jake Sullivan, Antony Blinken, Kamala Harris, Defense Lloyd Austin, Kevin McCarthy, McCarthy, Zelensky, Sen, Mike Rounds, Zelenskyy's, Cynthia Lummis, Rounds Organizations: White, Washington , D.C, National Security Council, Office, Russia, Pentagon, Defense, United Nations General Assembly, Punchbowl News, NBC, Republicans, Management, Shalanda Young, Wall Street, Capitol, General Assembly, NATO, Department of Defense Locations: Washington ,, U.S, Ukraine, Europe, Ukrainian, Washington, Russia, New York City, Zelenskyy, Ukrainians, Vilnius, Lithuania

☆ Sen. Susan Collins says she'd 'wear a bikini' to the Capitol in protest after the Senate loosened its dress code
▼ + stars: | 2023-09-19 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Sunday, Axios reported that the Senate won't be enforcing its dress code any longer. In response, 70-year-old Sen. Susan Collins joked that she'd wear a bikini on the Senate floor. She said the lack of a dress code "debases the institution." "I plan to wear a bikini tomorrow to the Senate floor and Chris Coons is gonna wear shorts because there's no dress code anymore," Collins said before adding that doing "away with the dress code, to me, debases the institution." GOP firebrand Rep. Marjorie Taylor Greene tweeted on Sunday that she thought the change in dress code was made simply "to appease Fetterman," which she said "is disgraceful."

Persons: Axios, Sen, Susan Collins, Chuck Schumer, Collins, Chris Coons, Democratic Sen, John Fetterman, Cynthia Lummis, Marjorie Taylor Greene, Fetterman, haven't, Lauren Boebert groped, Fetterman's, Capitol . Texas Sen, Ted Cruz Organizations: Service, Capitol, Democratic, GOP, Fox News, Twitter, Capitol . Texas Locations: Wall, Silicon

☆ Republicans soften on federal marijuana reform in a shift that could make it a reality
▼ + stars: | 2023-09-15 | by ( Julie Tsirkin | Liz Brown-Kaiser | ) www.cnbc.com time to read: +8 min

The SAFE Banking Act would make it lawful for legal marijuana businesses to use major financial and banking institutions. Smart Approaches to Marijuana Action, a political organization opposed to marijuana legalization, urged Tuberville to oppose the legislation in a recent letter. Financial institutions, including small and community banks, have also put pressure on lawmakers, including Tuberville, to support the bill. There's been these attempts by the chairman of the Banking Committee to add a bunch of other stuff onto it, and I think that just completely torpedoes the chances." Ahead of his re-election campaign, President Joe Biden announced his intention to pardon federal convictions for simple marijuana possession offenses at the end of last year.

Persons: Chuck Schumer, We've, Sen, Steve Daines, Sherrod Brown, Kevin Cramer, Daines, Cramer, Dan Sullivan, Lisa Murkowski, Bill Cassidy of, Cynthia Lummis of, Rand Paul of Kentucky, Susan Collins of, Kevin McCarthy of California, McCarthy, Tommy Tuberville, Steve Stafford, Tuberville, Sullivan, Jeff Sessions, Trump, Sheriff Dan Springer, Springer, I've, Jeff Merkley, Jack Reed, It's, Cory Booker of, Dave Joyce, Alexandria Ocasio, Joe Biden Organizations: U.S, Capitol, Banking, Housing, Urban Affairs, SAFE, Republicans, Democrats, GOP, Auburn University, Smart, Senators, Republican, D.C, Sheriff, HOPE Locations: Ohio, GOP Sens, Alaska, Bill Cassidy of Louisiana, Cynthia Lummis of Wyoming, Susan Collins of Maine, Washington, Gallatin County , Montana, Montana, Cory Booker of New Jersey, R, Alexandria, Cortez

☆ Sen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out 'rules of the road' for companies
▼ + stars: | 2023-07-12 | 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 EmailSen. Cynthia Lummis on bipartisan crypto regulation bill: Lays out 'rules of the road' for companiesSen. Cynthia Lummis (R-Wyo.) joins 'Squawk Box' to discuss the reintroduction of a bipartisan crypto regulation bill that stalled in Congress last year, including new language on consumer protection and feedback from the SEC, and more.

Persons: Email Sen, Cynthia Lummis, Sen Organizations: Email, SEC

☆ Don't say anti-gay: As GOP approval for same-sex relationships plummets, Republican senators insist they're only coming after trans rights, not gay rights
▼ + stars: | 2023-06-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

GOP senators insist they don't hear about it from their voters — and that trans issues are different. "You mentioned that eight years ago, the Obergefell decision created a constitutional right to same-sex marriage," said Graham. Since the 2015 Obergefell v. Hodges Supreme Court decision, same-sex marriage has largely faded as an issue targeted by Republicans, at least at the national level. "To be honest, I don't hear a lot about that issue," Sen. Josh Hawley of Missouri, one of the more eager Republican culture warriors, said of same-sex marriage. Still, support for the legality of same-sex marriage remains broadly popular — it's not the potent wedge issue it once was, such as during the 2004 presidential campaign when President George W. Bush campaigned on a constitutional amendment to ban same-sex marriage.

Persons: —, Sen, Lindsey Graham of, Graham, Hodges, Josh Hawley, Hawley, George W, Bush, Cynthia Lummis, Ron DeSantis, Lummis, Drew Angerer, Thom Tillis, Republican Sen, you've, JD Vance, Ohio, Vance, it's, Anita Bryant's, Biden, Dr, Roger Marshall, Roger Marshall of, Marshall, I've Organizations: Pride, Service, Republican, Republicans, Gallup, Gov, Getty, Rights, House Locations: Lindsey Graham of South Carolina, Josh Hawley of Missouri, Wyoming, Florida, North Carolina, United States, statehouses, Roger Marshall of Kansas, Kansas

☆ Here are all of Republican elected officials backing Ron DeSantis' 2024 presidential campaign
▼ + stars: | 2023-06-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Ron DeSantis is officially announced his 2024 presidential campaign in May, launching the most formidable challenge yet to former President Donald Trump. In the two months before DeSantis' announcement, Trump locked up the support of most of the Republican House members from Florida — and he's garnered far more endorsements overall than DeSantis. As of June 20, five House members and one governor have announced they're backing DeSantis for the 2024 GOP nomination. Thomas Massie — the Kentucky congressman and outspoken libertarian endorsed DeSantis in April, saying he's been "honored to call Ron DeSantis a friend for over a decade." Rich McCormick — the Georgia congressman endorsed DeSantis in May, saying in a Twitter video that the 2024 "election is about winning" and "who can earn victory in Georgia."

Persons: Ron DeSantis, —, Donald Trump, DeSantis, Trump, he's, Republican Sen, Cynthia Lummis of, dislodging Trump, Kevin Stitt —, Joe Biden, Bob Good —, Kevin McCarthy's speakership, Laurel Lee, Thomas Massie —, Rich McCormick —, Chip Roy — Organizations: Florida Gov, Trump, Service, Gov, Capitol, Republican House, Capitol Hill, Republican, GOP, Republicans, Five, State, Caucus Locations: Florida, Cynthia Lummis of Wyoming, Oklahoma, Virginia, Kentucky, Georgia, Texas

☆ New bipartisan bill in Senate could address TikTok security concerns without a ban
▼ + stars: | 2023-06-14 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

Much of the existing legislation addressing TikTok at the federal and state level has focused on bans of the app. Wednesday’s legislation, known as the Protecting Americans’ Data From Foreign Surveillance Act, does not identify TikTok by name. TikTok has faced criticism from US officials who say the company’s links to China pose a national security risk. Congress has made several attempts in recent months to address data transfers to foreign adversaries. In February, House lawmakers advanced a bill that would all but require the Biden administration to ban TikTok over national security concerns about the app.

Persons: Oregon Democratic Sen, Ron Wyden, Wyoming Republican Sen, Cynthia Lummis, —, ” Wyden, Wyden, TikTok, ByteDance, Biden, Justin Sherman, ” Sherman, Rhode Island Democratic Sen, Sheldon Whitehouse, Sheldon Whitehouse , Tennessee Republican Sen, Bill Hagerty, New Mexico Democratic Sen, Martin Heinrich, Florida Republican Sen, Marco Rubio, Warren Davidson, Anna Eshoo Organizations: CNN, Oregon Democratic, Wyoming Republican, ByteDance, Commerce Department, Oracle, Texas, Commerce, Duke University’s Sanford School of Public, Rhode, Rhode Island Democratic, Sheldon Whitehouse , Tennessee Republican, New Mexico Democratic, Florida Republican, Ohio Republican, California Democratic Locations: China, United States, Russia, Rhode Island, Sheldon Whitehouse , Tennessee, New Mexico, Florida

☆ TikTok may have a path forward in the US without a sale or ban
▼ + stars: | 2023-06-14 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +4 min

A bipartisan bill reintroduced this week would regulate how companies including TikTok share US data. TikTok has faced increased scrutiny around its ties to China, as well as calls for a US sale or ban. TikTok may have a path forward in the US without a sale or ban. TikTok has faced increased scrutiny from US lawmakers around its ties to China, where its parent company, ByteDance, is based. At the core of the issue are concerns that TikTok's Beijing-based parent company could be compelled to give the Chinese Community Party access to US user data.

Persons: TikTok, Sen, Ron Wyden, Cynthia Lummis, Biden, ByteDance, walling, It's, Wyden Organizations: Republican, CNN, Street, Foreign Investment, Congress, Wall, Chinese Community Party, CCP, Oracle Locations: China, Oregon, Wyoming, Montana, TikTok, Beijing, Texas, Russia

☆ Kevin McCarthy says he is still 'far apart' on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe
▼ + stars: | 2023-05-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Kevin McCarthy said on Monday he thinks he is "far apart" on a debt ceiling solution with Biden. McCarthy said he thinks a deal needs to be reached by this weekend to avoid a default. McCarthy doesn't feel the same, telling reporters on Monday that he thinks both sides are "far apart" from reaching a deal. Biden and McCarthy are expected to meet again on Tuesday to move forward with discussions on a debt ceiling solution. "Default should be avoided, period," GOP Sen. Cynthia Lummis told Axios, adding that Biden and McCarthy "are going to have to negotiate through this."

☆ JD Vance defends Trump's comments that Republicans should let the US default, saying the former president was giving 'political advice' and doing 'fundamentally the right thing'
▼ + stars: | 2023-05-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. JD Vance defended Trump's comments to Axios, saying he was just giving "political advice." "I say to the Republicans out there, congressmen and senators, if they don't give you massive cuts you are going to have to do a default," Trump said. Sen. JD Vance argued that Trump was just trying to help his party. Vance told Axios that "what the president is doing is really giving political advice ... not financial advice." GOP Sen. Josh Hawley, for example, told Axios that he disagreed with Trump's comments and that "there is no world in which [a default] happens."

The number of Twitter mobile app downloads actually declined 18% in February to 14.05 million from 17.2 million in January. Meanwhile, Twitter had 14.9 million app downloads in April, which is a 2% increase from the 14.6 million downloads it accumulated in March. Musk's Twitter makeover has sparked new interest in decentralized social networks. Elon Musk's Twitter is facing new competition from a rival called Bluesky, a so-called decentralized communications app that is backed by Twitter co-founder and twice-former CEO, Jack Dorsey. The front-end apps built atop these decentralized platforms are often clunky, not professional-looking or easy to use.

☆ This GOP senator declared DeSantis the 'leader of the Republican Party.' Despite his recent struggles, she still thinks that holds true.
▼ + stars: | 2023-05-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Sen. Cynthia Lummis declared that Ron DeSantis was the "current leader" of her party in November. Ron DeSantis — not former President Donald Trump — was the "current leader of the Republican Party." That's why I think he's the leader of the party." Her initial November comments in support of DeSantis came on the heels of a poor midterm performance that many in the party blamed on Trump. In 2020, the party notably opted not to adopt a platform, citing pandemic-era restrictions and its "strong support" for Trump.

☆ DeSantis keeps losing home-state endorsements to Trump, and the Florida governor's recent visit to DC didn't produce any converts.
▼ + stars: | 2023-04-19 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Ron DeSantis bled support from the Florida congressional delegation this week. 3 more Florida GOP lawmakers are lining up behind Trump amid DeSantis' trip to DC. Ron DeSantis' personal appeal to congressional Republicans in DC on Tuesday night appears to have spectacularly backfired, as Florida lawmakers continue throwing their support behind Trump in the 2024 presidential race. And freshman Rep. Brian Mast told CNN that not only does he plan to endorse Trump, he'll also spearhead a "Veterans for Trump" group. Even if DeSantis had tried that, Crenshaw noted that he has no plans to endorse anyone in the GOP presidential primary, so that was off the table.

☆ Tim Scott is the most intriguing GOP presidential hopeful most Republicans haven't heard of
▼ + stars: | 2023-04-12 | by ( Brent D. Griffiths | Warren Rojas | ) www.businessinsider.com time to read: +8 min

South Carolina Sen. Tim Scott is far from well-known by Republican voters. But if he runs for president, Scott would be well positioned to break out if either Trump or DeSantis falter. "I hope he is considering jumping into the race," Iowa Sen. Joni Ernst recently told Insider while on her way back to her Senate office. But more than just his colleagues, Republican voters may also be just as effusive. It's difficult to find polling on Scott's national favorability, but a recent Monmouth University poll of self-identified Republican voters showed significant promise.

☆ U.S. lawmakers introduce bipartisan bill to help news media negotiate with Big Tech
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 31 (Reuters) - A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc's (GOOGL.O) Google. The measure would allow news broadcasters and publishers with fewer than 1,500 full-time workers to jointly negotiate ad rates -- many of which face financial struggles. The bill was introduced by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee's antitrust subcommittee, along with Senator John Kennedy, a Republican. The News/Media Alliance, a media trade association, praised the bill it says will protect and sustain local journalism. Reporting by Diane Bartz; additional reporting by David Shepardson; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Premarket stocks: The FDIC could ask big banks to clean up $23 billion mess
▼ + stars: | 2023-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

While regional and mid-sized banks are behind the recent turmoil, it appears that large banks may be footing the bill. Ultimately, that means higher fees for bank customers and lower rates on their savings accounts. The law also gives the FDIC the authority to decide which banks shoulder the brunt of that assessment fee. Passing it on: Regardless of who’s charged, the fees will eventually get passed on to bank customers in the end, said Isaac. In 2021, Wall Street was estimated to be responsible for 16% of all economic activity in the city.

☆ Senate Republicans say the increasingly nasty Trump-DeSantis sparring is how you get to the best possible 2024 candidate and they expect a no-holds-barred fight
▼ + stars: | 2023-03-17 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

In fact, some said that's exactly what the party needs to produce a winning presidential candidate the next time around. "Heck, I hope 10 or 15 people run," Tuberville told Insider at the US Capitol, urging other White House hopefuls to "put out what you need to, go raise money, and put your best foot forward." When asked how DeSantis might hit back at the scandal-plagued former president, Rubio said that's for 2024 contenders to figure out. A follow-up question about his possibly entering the race compelled Rubio to say that he was not running for president. "There's an old statement, 'What Peter says about Paul tells you more about Peter than it does about Paul," he told Insider in the Senate subway tunnels.

☆ SVB executives could face clawback of bonuses
▼ + stars: | 2023-03-15 | 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 EmailSVB executives could face clawback of bonusesSen. Cynthia Lummis (R-Wyoming) joins CNBC's Brian Sullivan and 'Last Call' to discuss the collapse of Silicon Valley Bank and what regulators could have done to prevent it from happening.

☆ A growing group of lawmakers think TikTok is 'digital fentanyl' and want to ban it. Many others remain skeptical.
▼ + stars: | 2023-02-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Some members of Congress have begun pushing to ban TikTok in the US. "I'm a little less enthusiastic about an all-out ban of it," said Republican Sen. Kevin Cramer of North Dakota. "I'm an incrementalist on a lot of things, and I would be on this as well," said Republican Sen. Cynthia Lummis of Wyoming. Last week, the Senate Judiciary Committee held a hearing on social media and the internet's impact on children. Democratic Sen. Mazie Hirono of Hawaii, another committee member, said she's most concerned about how social media platforms are impacting kids.

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