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☆ Democrats: College campus protests highlight tensions in Biden’s coalition
▼ + stars: | 2024-04-30 | by ( Gregory Krieg | ) edition.cnn.com time to read: +20 min

Joseph Prezioso/AFP/Getty Images Pro-Palestinian protesters confront a Texas state trooper at the University of Texas in Austin on Monday, April 29. Brandon Bell/Getty Images Protesters link arms at Emerson College in Boston on April 24. Brian Snyder/Reuters House Speaker Mike Johnson speaks to the media on the campus of Columbia University after meeting with Jewish students on April 24. Alex Kent/AFP/Getty Images People watch from a window as New York University students set up a tent encampment on April 22. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Joe Biden’s, Donald Trump, Alex Kent, Biden, Andrew Bates, “, Chuck Schumer, –, Hind Rajab, Mike Johnson, ” Johnson, Trump, Benjamin Netanyahu’s, Mike Lawler, Israel –, Jared Moskowitz, Vermont Sen, Bernie Sanders, ” Moskowitz, Sanders, “ Bernie, Alexandria Ocasio, Cortez, “ Sen, Sanders ’, ” Ocasio, tikkun, ”, Ocasio, Joseph Prezioso, Suzanne Cordeiro, Cliff Owen, Qian Weizhong, David Dee Delgado, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Caitlin Ochs, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Kena Betancur, Josh Gottheimer, Dan Goldman, Richard Nixon, Netanyahu’s, Elizabeth Warren of, Bernie, ’, Warren, ‘, Netanyahu, Israel, ” Sanders –, Sanders –, Democratic Sen, Chris Murphy of, who’s, ” Murphy, Elise Stefanik, ” Stefanik, CNN’s Donald Judd, Kevin Liptak, Annie Grayer Organizations: CNN, Israel Democrats, Capitol, Columbia University, Hamilton Hall, Getty, New York Democrat, College Democrats, America, Columbia, Republicans, Democrats, GOP, Jewish Democrats, Israeli, GOP Rep, Democratic, Florida, New York Rep, Hamilton, Columbia Students, Justice, Brown University, University of Texas, George Washington University, AP, University of California, UCLA, Getty Images, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Reuters, Austin, University, Emerson College, Swarthmore College, Bloomberg, Getty Images Police, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, New York Police Department, Occupy, Hamas, Democratic Party, Biden, White, International Court of Justice, Sunday, Fox News, New York, Republican Locations: Gaza, New York City, Columbia, Palestinian, ”, Gaza City, Palestine, New York, Vermont, Alexandria, Israel, Cortez, Providence , Rhode Island, AFP, Texas, Austin, Washington ,, Los Angeles, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, New Jersey, Washington, Elizabeth Warren of Massachusetts, “ State, Chris Murphy of Connecticut

☆ Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must
▼ + stars: | 2024-03-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.

Persons: Wall Street’s, “, ” Kathy Bostjancic, ”, Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo

☆ Kyrsten Sinema is still sitting on over $11 million in campaign cash — and she could easily use it to fuel her post-Senate life
▼ + stars: | 2024-03-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

At the end of January, the Arizona senator reported holding nearly $10.6 million cash on hand in her campaign account and another $466,000 in her leadership PAC. AdvertisementNow, it's far from clear what will happen to those "resources" — Sinema's campaign did not respond to Business Insider's request for comment last week on the matter. There are a few different ways this could play out if Sinema decides to keep a "zombie PAC" running. Elizabeth Warren and Michael Bennet once introduced a bill to crack down on "zombie PACs." Advertisement"A lot of people use that to stay in the game because a leadership PAC is kind of a slush fund.

Persons: —, What's Sen, Kyrsten Sinema, Ruben Gallego, Kari Lake, Sinema, Arizonans, Saurav Ghosh, Ghosh, That's, Republican Sen, Rob Portman, Portman, Matt Dolan, Anna Moneymaker, he's, Kelly Ayotte, who's, Aaron Scherb, it's, She'd, she'd, Democratic Sens, Michael Bennet of Colorado, Elizabeth Warren of, Elizabeth Warren, Michael Bennet, Bill Clark, Bennet, she's, airfare, Jordan Libowitz Organizations: Service, Senate, Democrat, Democratic Rep, Business, Bloomberg, Republican, American Enterprise Institute, US, Republicans, Democratic, Daily Beast, Citizen, Washington, Commission, PAC Locations: Arizona, Ohio, New Hampshire, Elizabeth Warren of Massachusetts, Washington, Europe

☆ The State of the Union is Biden's biggest moment before the election
▼ + stars: | 2024-03-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Joe Biden will give his third State of the Union address on Thursday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Thursday, Biden will deliver his State of the Union address to what could be his largest audience before Election Day. In this sense, Biden's speech comes with additional pressure. The State of the Union is not an explicit campaign speech.

Persons: Joe Biden, Biden, —, Robert Hur's, Ronald Reagan's, Trump, Nikki Haley's, Sen, Elizabeth Warren of, you'll, he's, Bernie Sanders, Sanders Organizations: Service, NFL, Republican National, GOP, Democrats, Biden, The Washington Post Locations: Elizabeth Warren of Massachusetts

CNN —There is still no clear path to avert a partial government shutdown at the end of the week, with just four days until Congress runs into a key funding deadline. Lawmakers had hoped to release the text of a bipartisan spending deal Sunday evening, but the bill has yet to be unveiled. As the clock ticks down to the deadline, Senate Democrats expressed anger and frustration Monday at the growing risk of a shutdown as many criticized House Republicans over the impasse. “Right now, the Republicans can’t seem to get themselves organized just to sign off on the basic work they’re supposed to do. In the Senate, agreement would need to be reached with the consent of all 100 senators to swiftly move any legislation before the deadline to avert a partial shutdown.

Persons: Mike Johnson, ” Sen, Elizabeth Warren of, CNN’s Manu Raju, “, Republicans can’t, Jon Tester, ”, Raju, Joe Manchin, Chuck Schumer, Johnson, Schumer, ” Johnson, Mitch McConnell, McConnell, We’re, Joe Biden, Alejandro Mayorkas, It’s, Kevin McCarthy, Manu Raju, Sam Fossum, Melanie Zanona, Haley Talbot, Betsy Klein, Tami Luhby, Priscilla Alvarez Organizations: CNN, Lawmakers, Louisiana Republican, House Republicans, Republicans, Montana Democrat, West, West Virginia Democrat, House Republican, GOP, Senate, Capitol, White, Senators, Homeland, Schumer, Agriculture, Energy, Transportation, Veterans Affairs, Urban, and Drug Administration, Justice, Commerce, Defense, Homeland Security, State, Education, Human Services, Environmental Protection Agency Locations: Louisiana, Elizabeth Warren of Massachusetts, Montana, West Virginia, New York, Ukraine, Washington, Housing

☆ Nikki Haley’s South Carolina loss is unique in US politics
▼ + stars: | 2024-02-25 | by ( Annette Choi | Zachary Wolf | ) edition.cnn.com time to read: +4 min

Now she has lost the primary in her home state of South Carolina, where she was a two-term governor. Fellow Floridian Jeb Bush, a former governor, dropped out earlier, after a disappointing finish in nearby South Carolina. Former Rep. Dennis Kucinich also made an argument about influencing the agenda when he refused to drop out of the 2004 Democratic primary race. Could Haley win delegates without winning states? Heading into South Carolina, Trump had 63 delegates and Haley had 17.

Persons: Nikki Haley, Donald Trump, won’t, Sen, Marco Rubio, Trump, Jeb Bush, Elizabeth Warren of Massachusetts, Warren, Amy Klobuchar, Ron Paul, wasn’t, Mitt Romney, Paul’s, Dennis Kucinich, Kucinich, Haley, Haley isn’t, It’s, CNN Haley, ”, Jake Tapper, Tapper she’ll Organizations: CNN, Republican, Florida Republican, GOP, Florida ., Democratic, Former, Republicans, Trump, South Locations: Iowa, New Hampshire, Nevada, South Carolina, Florida, Massachusetts, Minnesota, Texas, Ohio

☆ These 3 Democratic senators voted against a $95.3 billion Ukraine and Israel aid bill — citing the war in Gaza
▼ + stars: | 2024-02-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Three Democratic senators voted against a $95.3 billion bill to give aid to Israel and Ukraine. Other Democratic senators who have been critical of the war voted for the aid anyway. AdvertisementEarly on Tuesday morning, the Senate passed a $95.3 billion bill to provide aid to Ukraine, Israel, and Taiwan by a 70-29 margin. Most of the votes against the bill came from Republicans, some of whom were opposed to providing $60 billion in Ukraine aid while others protested the lack of border security provisions. It requires any country receiving foreign aid, including Israel, to submit written assurances that they are complying with human rights laws.

Persons: —, Peter Welch of, Jeff Merkley, Bernie Sanders of, Sanders, Welch, Netanyahu, Israel, Joe Biden, Biden, Democratic Sen, Elizabeth Warren of Massachusetts, Mike Johnson, Johnson Organizations: Democratic, Service, Senate Democratic Conference, Senate Locations: Israel, Ukraine, Gaza, Taiwan, Peter Welch of Vermont, Oregon, Bernie Sanders of Vermont

☆ A $174,000 salary isn't enough for members of Congress. In fact, they should probably give themselves a $100,000 raise.
▼ + stars: | 2024-01-12 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.

Persons: that's, —, It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, —, Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi

☆ Democratic senators want to keep Trump on the ballot in 2024, even as he faces potential disqualification under the 14th amendment
▼ + stars: | 2024-01-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewThe Supreme Court could soon rule on whether former President Donald Trump can be disqualified from appearing on 2024 ballots under the 14th Amendment to the US Constitution. That's the answer to me, period," said Democratic Sen. Sherrod Brown of Ohio. Many of his potential voters are likely sympathetic to the arguments made by the former president and his allies — that disqualifying Trump via the 14th amendment is itself undemocratic. "So I hope the Supreme Court does an honorable, non-political job of evaluating the situation." "The [Supreme Court] will decide the legal issue of whether the 14th amendment applies."

Persons: —, Donald Trump, Democratic Sen, Sherrod Brown, Trump, disqualifying Trump, Sen, Elizabeth Warren of, Joe Biden, Shana Bellows, Bellows, Michael Bennet of Colorado, Tim Kaine, Jamie Raskin, Maryland, Jeff Merkley, who's, Bernie Sanders of, Richard Blumenthal, Fetterman, That's Organizations: Service, Trump, Democratic, Business, Colorado Supreme, United States Supreme, Capitol, Committee, Daily Locations: Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, Colorado, Maine, New Mexico, Virginia, Oregon, Bernie Sanders of Vermont, Richard Blumenthal of Connecticut

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a 15-second video released to YouTube on Wednesday night, President Joe Biden promised the move would lower prices. It's the latest health policy pitch from a White House gearing up to make its efforts to tackle drug prices a central theme in next year's reelection campaign. Pharmaceutical companies have pushed back on the idea that prices alone are enough for Washington to act against a drug's patent. The plan could threaten future drugs, according to the pharmaceutical lobbying firm Pharmaceutical Research and Manufacturers of America, or PhRMA.

Persons: —, Biden, Joe Biden, Elizabeth Warren of Massachusetts, Amy Klobuchar, Neera Tanden, Megan Van Etten, William Pierce, George W, Pierce Organizations: Service, Business, YouTube, White, Medicare, Health, Human Services, Pharmaceutical, Pharmaceutical Research, Manufacturers of America, HHS Locations: WASHINGTON, Sens, Minnesota, Washington

Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. That could put pressure on Congress to move forward legislation at least to ease restrictions on interstate banking for legal cannabis businesses. Texans will also decide whether to raise the mandatory retirement age of state judges to 79, from 75.

Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin, Youngkin, Daniel Cameron, Andy Beshear, Steve Beshear, Beshear, Roe, Wade, Frank LaRose, Thomas E, Dobbs, Jackson, Tate Reeves, Brandon Presley, Presley’s, Brett Favre, Reeves, I’ve, Mr, Presley, Elvis Presley, Elizabeth Warren of Organizations: New York Times, Democratic, Republican, State Senate, Republicans, —, Supreme, Affordable, Mississippi Public Service Commission, Texans, Liberal Locations: Ohio, Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond, Kansas, Mississippi, Dobbs v, Nettleton, Elizabeth Warren of Massachusetts

☆ Election Day 2023 Voters to Offer Clues on Abortion Politics and 2024 in Off-Year Election Day
▼ + stars: | 2023-11-07 | by ( Neil Vigdor | Sarah Baird | ) www.nytimes.com time to read: +7 min

Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Even in deeply Republican states like Kansas, voters have overwhelmingly supported abortion access. Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. If voters agree, Ohio would become the 24th state to legalize marijuana.

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump. “These deals are likely to harm competition, risking increased consumer prices and reduced output throughout the United States,'' the senators wrote. Chevron, Exxon and other oil companies have announced huge profits from strong energy prices and demand since Russia’s invasion of Ukraine in February 2022. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Environmental groups hailed the call for an investigation of what some called “merger mania” within the oil industry that threatens competition.

Persons: Chuck Schumer, Exxon's, Chevron’s, Minnesota Sen, Amy Klobuchar, Elizabeth Warren of Massachusetts, Bernie Sanders, Chevron, Hess, Lukas Ross, ”, ” API's Bethany Williams, Schumer Organizations: WASHINGTON, ExxonMobil, Chevron, Federal Trade Commission, Natural Resources, Hess Corp, Exxon, FTC, Resources, Big Oil, American Petroleum Institute, Senate Commerce, Science, Transportation Locations: United States, Minnesota, Sens, Vermont, Ukraine, Texas, U.S, New York

☆ US drops digital trade demands at WTO to allow room for stronger tech regulation
▼ + stars: | 2023-10-25 | by ( David Lawder | ) www.reuters.com time to read: +4 min

U.S. Trade Representative Katherine Tai speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - U.S. Trade Representative Katherine Tai has dropped longstanding U.S. digital trade demands in World Trade Organization talks in order to give Congress room to regulate big tech firms, her office said on Wednesday. USTR spokesman Sam Michel said many countries were examining their approaches to data and source code, and how trade rules can affect them. "We need to make clear that digital rules favoring Big Tech monopolies are a non-starter for the U.S. in any trade agreement, including IPEF,” she said. "These digital trade rules prevent countries around the world from using regulation to lock out American companies and their workers from their markets," said John Murphy, the Chamber's senior vice president for international policy.

Persons: Katherine Tai, Brendan McDermid, Trump, Biden, Ron Wyden, ", Wyden, Sam Michel, Michel, Elizabeth Warren of Massachusetts, Tai, ”, USTR, John Murphy, David Lawder, Diane Craft Organizations: Trade, REUTERS, Rights, . Trade, Trade Organization, U.S, Reuters, Prosperity, WIN, Oregon Democrat, Senate Finance Committee, Congress, Intel, Democratic, Big Tech, . Chamber, Commerce, Thomson Locations: New York City, U.S, Geneva, CHINA, China, Australia, Japan, Korea, Oregon, United States, Mexico, Canada

Mr. Biden’s polling numbers have been mired in dangerous territory since he oversaw the chaotic American military withdrawal from Afghanistan. “There is a need, but do we really need that significant amount?”She said she did not watch Mr. Biden’s Oval Office address on Thursday. About 20.3 million people watched Mr. Biden’s speech across 10 television networks, according to preliminary data from Nielsen. When Mr. Trump spoke about immigration from the Oval Office in January 2019, about 40 million people tuned in. Most immediately, Mr. Biden faces the challenge of what he can do to secure the release of Americans being held hostage in the Gaza Strip.

Persons: ”, “, ” Julian E, it’s, Biden’s, Israel —, Samantha Moskowitz, Ukraine “, Moskowitz, Biden, Donald J, Trump, Nielsen, Stanley B, Greenberg, Clinton’s, Israel, George W, Bush, Mr, Elizabeth Warren of Massachusetts, Antony J, Blinken, Zelizer, Charles R, Jr, Ronald Reagan, ” Paul Begala, Begala, ” Mr, Black, ” John Koblin, Sharon Dunten Organizations: Princeton University, Georgia Gwinnett College, Biden’s, Nielsen, Israel, Fox, Quinnipiac University, Iraq, Democratic, Hamas, Mr, Republicans Locations: Afghanistan, Israel, Ukraine, Atlanta, Biden’s State, Iran, Russia, United States, Vietnam, Iraq, Gaza, New York, Norcross , Ga

☆ A prominent Black voting rights activist says there are 'saboteurs' within the Democratic Party who don't want Kamala Harris to succeed, arguing they are worried about her 'outshining' Biden
▼ + stars: | 2023-10-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Kamala Harris' tenure as vice president has been marked by a series of high-profile ups and downs. Voting rights activist LaTosha Brown told The New York Times Magazine she feels some Democrats have undermined the VP. AdvertisementAdvertisement"I think there have been saboteurs within the administration," Brown told The Times' Astead W. Herndon. The vice president has also been an in-demand speaker among college students — especially at historically Black colleges and universities. Dunn also shut down any rumors that Harris might be replaced as Biden's running mate next year.

Persons: Kamala Harris, LaTosha Brown, Anita Dunn, Harris, —, Barack Obama, Obama, Joe Biden, Brown, Kamala outshining Biden, Roe, Wade, Biden, hasn't, Brown —, Raphael Warnock, Jon Ossoff, Sen, Elizabeth Warren of, Lester Holt —, she's, Dunn Organizations: The New York Times Magazine, White House, Service, Black, New York Times Magazine, Times, MSNBC, Democratic Party, Biden, Democratic, NBC News Locations: California, Washington, Herndon, Georgia, Sens, Elizabeth Warren of Massachusetts, Mexico

☆ Elizabeth Warren says she's worried Biden's second attempt at broad student-loan forgiveness won't hold up in the Supreme Court
▼ + stars: | 2023-10-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Insider spoke with Sen. Elizabeth Warren about the student-loan industry and return to repayment. She said she's worried about how the Supreme Court would handle Biden's new plan for broad relief. AdvertisementAdvertisementSen. Elizabeth Warren of Massachusetts was keeping an eye on the student-loan industry even before she became a lawmaker. "The Supreme Court failed to follow the explicit language of the law and turned his efforts upside down," Warren said. "I've talked to many people who were in tears over the frustrations they felt with their student-loan servicers."

Persons: Sen, Elizabeth Warren, she's, Warren, servicers, —, Elizabeth Warren of, Joe Biden's, Biden, Biden's, I've, isn't Organizations: Service, Harvard Law School, Consumer Financial, Senate, Education Department, Higher, Federal Student Aid, House Republicans Locations: Elizabeth Warren of Massachusetts, hourslong

WASHINGTON (AP) — The Supreme Court on Tuesday seemed likely to preserve the work of the Consumer Financial Protection Bureau against a conservative-led challenge. But a majority of the court appeared ready to reject the sweeping arguments made by the lawyer for payday lenders whose challenge to a CFPB rule spawned the Supreme Court case. Unlike most federal agencies, the consumer bureau does not rely on the annual budget process in Congress. “This is a perpetual delegation to pick your own number,” said Francisco, who served as the Trump administration's top Supreme Court lawyer. Three years ago, the court decided another CFPB case, ruling that Congress had improperly insulated the head of the bureau from removal.

Persons: Democratic Sen, Elizabeth Warren of, Noel Francisco, ”, Francisco, Brett Kavanaugh, Elena Kagan, Samuel Alito, Elizabeth Prelogar, Biden Organizations: WASHINGTON, Consumer Financial, Democratic, Republicans, Federal, Trump administration's, ”, U.S . Chamber of Commerce Locations: Elizabeth Warren of Massachusetts, New Orleans, U.S

In the book, author Walter Isaacson wrote that a Ukrainian drone submarine attack on Russian warships was disrupted by a disconnect from Starlink, ordered by Musk. Excerpts from the book raised alarm bells in Washington, among NATO allies and in the Ukrainian capital. Musk also argued, as he has in the past, that Ukraine should strike a "truce" with Russia. Musk's "peace plan" argument was shouted down by Ukraine officials, politicians and Putin experts. Earlier in the week, Sen. Warren called for a Congressional probe of Musk and SpaceX.

Persons: Elon Musk, Democratic Sens, Jeanne Shaheen of, Elizabeth Warren of Massachusetts, Tammy Duckworth, Lloyd Austin, Musk, Tesla, Walter Isaacson, Isaacson, CNBC's, Putin, Jeff Jurgensen, Sen, Warren Organizations: WASHINGTON —, Democratic, Armed Services, Pentagon, SpaceX, Ukrainian Armed Forces, Illinois, Twitter, NATO, CNBC, U.S . Department of Defense, Department of Defense, Congressional, Bloomberg Locations: Ukraine, Jeanne Shaheen of New Hampshire, U.S, Ukrainian, Washington, Crimea, Russia

☆ Student-loan borrowers' biggest defender in the government is in jeopardy
▼ + stars: | 2023-09-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The ruling could have significant implications for student-loan borrowers — and consumers nationwide. As federal borrowers have been gearing up for the return to loan repayment in October, the agency cracked down on companies that it accused of illegally charging borrowers for normally free debt-relief services. The Supreme Court is hearing oral arguments on the case on October 3. The CFPB's enforcement actions against this type of illegal conduct are important to protecting borrowers' financial security and obtaining their money back." Now consumers will have to wait and see how the Supreme Court views a top federal consumer watchdog's constitutionality.

Persons: Sen, Elizabeth Warren of Massachusetts, Shahid Naeem, Naeem, Dodd, Frank Wall, Bill Clark, Devin Watkins, they're, beholden Organizations: Service, Supreme, Financial, Community Financial Services Association of America Ltd, Consumer Financial, Federal Reserve, Fifth Circuit, Trump, Fifth, Financial Services Association of America, American Economic Liberties, Congress, Frank Wall Street Reform, Consumer, Federal Deposit Insurance Corp, Inc, Getty, Competitive Enterprise Institute, American Association of, Social Security Locations: Wall, Silicon, Washington , DC

☆ New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz
▼ + stars: | 2023-09-07 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

At his State of the Union address this year, President Biden celebrated the fact that his new climate and tax law would no longer allow some of America’s largest corporations to pay zero in federal taxes. “Because of the law I signed, billion-dollar companies have to pay a minimum of 15 percent,” Mr. Biden said, referring to the Inflation Reduction Act of 2022. “God love them.”The new corporate minimum tax was one of the most significant changes to the U.S. tax code in decades. Its logic rested on the idea that rich companies should not be able to find loopholes and other accounting maneuvers in order to pay lower tax rates than their workers. Those groups have been flooding the Treasury Department with letters asking for lenient interpretations of the law and trying to create new loopholes before their tax bills come due next year.

Persons: Biden, Mr, Elizabeth Warren of, Janet L, Yellen Organizations: Treasury Locations: Elizabeth Warren of Massachusetts

☆ These 6 senators made more money from selling books than from their day jobs last year
▼ + stars: | 2023-08-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Senators raked in hundreds of thousands of dollars from book sales in 2022, disclosures show. Raphael Warnock, Ted Cruz, Elizabeth Warren, Tim Scott, and others. In fact, a handful of senators made far more from book sales than their congressional salaries in 2022, according to recently-filed financial disclosures. Other senators reported significant windfalls from book sales in 2022 as well. Sen. Raphael Warnock disclosed details of his book tour on his 2022 financial disclosures.

Persons: Sens, Raphael Warnock, Ted Cruz, Elizabeth Warren, Tim Scott, hasn't, Democratic Sen, Raphael Warnock —, Republican Sen, Tammy Duckworth, Tom Cotton, Tim Scott of, Elizabeth Warren of, Independent Sen, Bernie Sanders, JD Vance, Mazie Hirono, Amy Klobuchar, Cruz, Warnock, Sen, Warren Organizations: Service, American, Democratic, Republican, Illinois, Independent, Vermont Locations: Wall, Silicon, States, Washington, Ted Cruz of Texas, Arkansas, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts, Ohio, Minnesota, Texas, Georgia

☆ House Democratic leaders are once again backing an anti-abortion lawmaker for re-election in 2024
▼ + stars: | 2023-08-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

House Democratic leaders are backing Texas Rep. Henry Cuellar's 2024 re-election bid. That's despite his an FBI raid on his home, his opposition to abortion, and other conservative positions. In addition to Jeffries, Cuellar has the backing of the rest of the top echelon of House Democratic leadership, including Democratic Caucus Chairman Rep. Pete Aguilar of California, Democratic Whip Rep. Katherine Clark of Massachusetts, and Assistant Democratic Leader Rep. Jim Clbyrun of South Carolina. He also has the backing of former House Speaker Rep. Nancy Pelosi of California and former House Majority Leader Rep. Steny Hoyer of Maryland. She lost to Cuellar by less than 300 votes last cycle, despite the backing of progressives including Rep. Alexandria Ocasio-Cortez of New York and Sen. Elizabeth Warren of Massachusetts.

Persons: Henry Cuellar's, That's, Henry Cuellar, Hakeem Jeffries, Jeffries, Cuellar, Pete Aguilar, Katherine Clark of, Jim Clbyrun, Nancy Pelosi, Steny Hoyer, Jessica Cisneros, Alexandria Ocasio, Cortez, Sen, Elizabeth Warren of Massachusetts Organizations: Democratic, Texas, FBI, Cuellar, Service, House Democratic Caucus, National Rifle Association, POLITICO, Texas Tribune, Maryland, Rep Locations: Wall, Silicon, Texas, South Texas, New York, Pete Aguilar of California, Katherine Clark of Massachusetts, South Carolina, California, Alexandria, Cortez of New York

☆ Biden's labor secretary pick may not have the votes. She also may not need them.
▼ + stars: | 2023-07-13 | by ( Liz Brown-Kaiser | Sahil Kapur | ) www.cnbc.com time to read: +7 min

The Senate is stalled on President Joe Biden's pick for secretary of labor, Julie Su, and Democrats face a conundrum on how to proceed. But Su, who currently serves as the acting labor secretary, could just keep running the department anyway. Federal law places no limits on how long Su can serve as acting labor secretary without being confirmed. He said he wants a voice for "both labor and industry" in the labor secretary role. Any Senator who voted to confirm Secretary [Marty] Walsh should vote to confirm Acting Secretary Su, too.

Persons: Julie Su, Joe Biden's, Su, Biden, Sen, Bernie Sanders, Kyrsten Sinema, Jon Tester, Joe Manchin, pushback, there's, Mazie Hirono, haven't, She's, she'll, she's, Mark Kelly, John Hickenlooper, I'm, Su aren't, Tester, you've, Manchin, Bill Cassidy of, Sinema, Tammy Duckworth, Marty, Walsh, We're, Sherrod Brown, Elizabeth Warren of, Chuck Schumer Organizations: Health, Education, Labor, Capitol, Labor Department —, Pensions, Su's, Democrats, HELP, Su's Democratic, White, Department, Democratic Locations: Washington, American, Sens, Hawaii, Bill Cassidy of Louisiana, Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts

Bed Bath & Beyond logo is seen on the shop in Williston, Vermont on June 19, 2023. WASHINGTON — Home goods retailer Bed Bath & Beyond is facing scrutiny from Democratic lawmakers for allegedly evading severance pay for thousands of employees laid off after its recent bankruptcy. The lawmakers claim Bed Bath & Beyond denied some workers severance pay after it filed for bankruptcy in April and began closing stores and laying off workers. Bed Bath & Beyond did not immediately return request for comment on the lawmakers' letter. Warren, a member of the Senate Banking Committee, and Booker asked Bed Bath & Beyond to commit to providing severance to its workers and for detailed information on its severance policy, stock buybacks and dividends and other related issues.

Persons: Sue Gove, Elizabeth Warren of, Cory Booker of, Warren, Booker Organizations: WASHINGTON —, Bed, Democratic, New, Banking Committee Locations: Williston , Vermont, Sens, Elizabeth Warren of Massachusetts, Cory Booker of New Jersey, New Jersey, buybacks

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