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☆ One of the wealthiest members of Congress spent over $60 million just to lose Maryland's messy Democratic Senate primary
▼ + stars: | 2024-05-15 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewRep. David Trone, one of the wealthiest members of Congress, spent over $60 million of his own fortune to try to win a Democratic Senate primary. With nearly 40% of all votes in, Prince George's County Executive Angela Alsobrooks is projected to have defeated Trone in Maryland's Democratic US Senate primary, according to Decision Desk HQ. Schumer can't afford to lose the Senate seat if he wants to keep the party's slim majority in the chamber. Related storiesAnd Alsobrooks — who was endorsed by Maryland Democratic heavy hitters including Gov. Republicans see Montana and Ohio as their top Democratic Senate targets this year, while also looking to compete in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.

Persons: —, David Trone, Angela Alsobrooks, Trone, Alsobrooks, Larry Hogan, Hogan, Chuck Schumer, Schumer, Alsobrooks —, Wes Moore, Sen, Chris Van Hollen, Steny Hoyer —, Maryland doesn't, West Virginia Sen, Joe Manchin's Organizations: Service, Democratic Senate, Associated Press, Democratic, Senate, Republican, Business, GOP, Democrat, Wine, Democratic Party, Maryland, CNN, Republicans, Maryland Democratic, Gov, CBS, WUSA9, The Washington Post, West Virginia, Maryland — Locations: Prince George's, Maryland, Trone, Washington, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin

Tester entered the Senate after selling Montana voters on his authenticity, and the former high school band teacher's message hasn’t changed much. Tester chairs the Senate Veterans’ Affairs Committee. “I take my cues directly from the veterans of this state,” Tester told the assembly at Bigfork High School. There’s been an influx of newcomers from Arizona, Washington state, California and Texas. He currently ranks second with $407,000 in contributions from lobbyists, putting him just behind Washington state Democratic Sen. Maria Cantwell, according to the research group OpenSecrets.

Persons: Jon Tester, Tester, Republican Donald Trump, hasn’t, you’ve, He's, ”, “ It’s, West Virginia Democratic Sen, Joe Manchin's, Mitch McConnell, Tim Sheehy, Matt Rosendale, Kevin McCarthy of, Trump, he’s, Israel, Noah Sohl, Lockheed Martin, Sohl, “, ” Sohl, ‘ I’m, I’m, ” Tester, Terry Baker, Baker, “ He’s, There’s, that's, Sid Daoud, Sen, Conrad Burns, ” Jack Abramoff, Abramoff, Burns, Democratic Sen, Maria Cantwell, he's, Big Sandy, Sharla Organizations: U.S . Senate, Veterans, Bigfork, Democrat, Republican, Montana, West Virginia Democratic, Montana , U.S . Navy, U.S . Rep, Democratic, Lockheed, . Census, Veterans ’ Affairs, Bigfork High, Senate, Republicans, Montana Libertarian, Washington Locations: Mont, U.S, Montana, Bigfork, Flathead, Washington, Pacific, Ky, Montana , U.S, Kevin McCarthy of California, Rosendale, Butte, Israel, Missoula, Vietnam, Kalispell, ” Montana, Arizona, California, Texas, Bozeman, Iraq, Big

☆ Joe Manchin's exit makes it harder for Democrats to defend US Senate majority
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

Republican former President Donald Trump beat Democratic President Joe Biden here by 39 points in 2020. OHIOLiberal Democratic Senator Sherrod Brown is seeking a fourth six-year term in a state, like West Virginia, that increasingly is Republican. There are at least four Republicans seeking their party's nomination, including State Senator Matt Dolan. Trump won the state by 16 points in 2020 and Tester is the only Democrat in the state's congressional delegation. Biden captured Michigan by just three points over Trump and the open Senate seat has attracted several aspirants from Democratic and Republican benches.

Persons: Joe Manchin, Julia Nikhinson, Joe Manchin's, Jim Justice, Donald Trump, Joe Biden, Alex Mooney, Sherrod Brown, Trump, Matt Dolan ., John Tester, Tim Sheehy, Bob Casey, Biden, Republican David McCormick, Kyrsten Sinema, Ruben Gallego, Kari Lake, Debbie Stabenow, Elissa Slotkin, Republican Peter Meijer, Richard Cowan, Scott Malone, Daniel Wallis Organizations: REUTERS, Rights, Supreme, WEST, Democrat, Republican, Democratic, Republican Party, U.S, OHIO Liberal Democratic, Biden, Navy, Senate, ARIZONA Independent, Trump, Democratic U.S, U.S . House, Capitol, Thomson Locations: Washington , U.S, West Virginia, Matt Dolan . MONTANA, MICHIGAN, Michigan

☆ West Virginia Gov. Jim Justice is running for Joe Manchin's pivotal Senate seat
▼ + stars: | 2023-04-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

West Virginia Governor Jim Justice (R) and US Senator Joe Manchin (L), Democrat of West Virginia, attend a roundtable discussion on the opioid epidemic with local and state officials at the Cabell-Huntington Health Department in Huntington, West Virginia, July 8, 2019. West Virginia's Republican governor, Jim Justice, filed official paperwork to kick off a 2024 campaign for the U.S. Senate seat currently held by incumbent Democratic Sen. Joe Manchin. If Manchin decides not to run for a third term, Democrats are widely expected to lose the seat to whichever Republican nominee emerges from West Virginia's Senate primary. A Trump campaign spokesman did not immediately respond to a request for comment. With his seat under threat, Manchin has appeared increasingly critical of President Joe Biden and his fellow Democrats.

☆ GOP Gov. Jim Justice set to launch bid for Joe Manchin's Senate seat in West Virginia this week
▼ + stars: | 2023-04-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

West Virginia Governor Jim Justice (R) and US Senator Joe Manchin (L), Democrat of West Virginia, attend a roundtable discussion on the opioid epidemic with local and state officials at the Cabell-Huntington Health Department in Huntington, West Virginia, July 8, 2019. West Virginia offers the GOP perhaps its best chance to flip a Democratic seat next year. Justice's team believes a Senate bid by the governor could make Manchin less likely to seek reelection, the GOP source told CNBC last month. Former President Donald Trump, who is deeply popular in West Virginia, backed Mooney in his most recent House election. Justice is set to announce his Senate bid at his own resort, furthering intermingling the governor's business and politics.

The boosted tax credit is central to the administration’s goal of ensuring areas long dependent on fossil fuels benefit from clean energy. "Communities like coal communities have the knowledge, infrastructure, resources and know-how to play a leading role in the move to a clean energy economy," U.S. Deputy Treasury Secretary Wally Adeyemo said. The bonus credit also is available to other "energy communities" - areas that have significant employment or local tax revenues from fossil fuels and higher than average unemployment. The Treasury said it will open project applications for the first round of coal and energy communities tax credits on May 31. Those minerals are crucial to producing clean energy technologies like batteries and solar panels.

April 4 (Reuters) - The Biden administration on Tuesday will release final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal. The boosted tax credit is central to the administration’s goal of ensuring areas long dependent on fossil fuels benefit from clean energy. It also helped secure West Virginia Democrat Joe Manchin's essential support for the bill. "Communities like coal communities have the knowledge, infrastructure, resources and know-how to play a leading role in the move to a clean energy economy," U.S. Deputy Treasury Secretary Wally Adeyemo said. Those minerals are crucial to producing clean energy technologies like batteries and solar panels.

☆ U.S. Senate confirms Biden's pick to lead Internal Revenue Service
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, March 9 (Reuters) - The U.S. Senate voted to confirm management consultant Danny Werfel as the new Internal Revenue Service commissioner on Thursday, returning the former Obama administration budget official to the tax agency he briefly led on an acting basis. Five Republicans crossed party lines to support Werfel in the 54-42 vote, more than offsetting Democratic Senator Joe Manchin's vote against President Joe Biden's nominee in a protest against his administration's implementation of clean energy tax credits in the Inflation Reduction Act. Werfel, who previously led Boston Consulting Group's public sector practice, is charged with leading a massive transformation of the IRS, with $80 billion in new funding approved last year to boost collections of unpaid taxes, modernize technology and improve taxpayer services. The agency in the coming weeks is due to produce a spending blueprint on how it will deploy the $80 billion in new funding over the next decade. Reporting by David Lawder; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Companies are eager to tackle issues like the climate crisis and sustainability but don't know how to start, execs say
▼ + stars: | 2023-01-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Executives at the World Economic Forum told Insider issues like sustainability are a priority. But many companies are still looking for a place to start tackling problems like the climate crisis. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The climate crisis, sustainability, and the energy transition were front of mind for many in Davos. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.

☆ We spoke with more than 50 CEOs, billionaires, execs, and government officials in Davos. Here are our 4 biggest takeaways.
▼ + stars: | 2023-01-25 | by ( Matt Turner | Cadie Thompson | ) www.businessinsider.com time to read: +10 min

Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.

Senator Joe Manchin's bill to speed energy permitting as a handout to fossil fuel companies, but clean energy advocates said the bill's failure would hinder the rapid expansion renewable power needs to combat climate change. Democratic Majority Leader Chuck Schumer pulled Manchin's bill from temporary government funding legislation on Tuesday after it did not gain enough support. Clean energy backers said the permitting provision could still be attached to other bills later this year that must be passed, such as a big appropriations legislation. Jesse Jenkins, a clean energy expert at Princeton University, tweeted on Tuesday that the permitting bill had been "a big mixed back for climate & the environment." "We still need to build new clean energy & transmission at unprecedented pace!"

☆ What's at stake in this week's congressional vote to keep the government open, including Manchin's push to make it easier to build fossil fuel projects
▼ + stars: | 2022-09-26 | by ( Jason Lalljee | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

The government could face its first shutdown in years if Congress doesn't pass a short-term funding bill this week. Sen. Joe Manchin's push for a bill to streamline fossil fuel projects is the major holdup. Some details of the CR have circulated, although it hasn't been officially announced yet — but the major roadblock is Manchin's permitting reform proposal. Preventing a shutdown with short-term fundingTraffic is piling up around Manchin's bill, but the rest of the resolution faces less pushback. Some progressives and environmentalists have defended aspects of Manchin's bill.

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