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In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.
Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley
Read previewOn Wednesday, 83 House Republicans voted against a roughly $460 billion package of bills to fund large swaths of the federal government. Forty of them did so despite requesting — and securing — millions of dollars in federal funding for a variety of projects in their districts. AdvertisementRep. Tim Burchett of Tennessee also voted against the bill, despite securing more than $12 million for his district. But Republicans weren't the only ones to vote against the bill on Wednesday, despite securing earmark funding. AdvertisementHere are the 40 Republicans who voted against the bill, despite securing earmark funding:
Persons: , Lauren Boebert, Sleepy Joe, Democratic Sens, Michael Bennett, John Hickenlooper, There's, Tim Burchett, we've, Burchett, It's, congressionally, Tom Williams, bipartisanship, Nancy Pelosi —, Maria Elvira Salazar, Sen, Tommy Tuberville, weren't, Maxwell Frost of Florida, Mark Takano, — Maxwell Alejandro Frost Organizations: Service, Republicans, Colorado Republican, Green New, Business, Green, Deal, Democratic, Republican, East, University of Tennessee Medical Center, Data Engineering, Lincoln Memorial University, Getty, Infrastructure Law Locations: Wolf, Craig, East Tennessee, Knoxville, Harrogate, Kentucky, Tennessee, Maria Elvira Salazar of Florida, Alabama, California
The 'Forgotten Middle' group might face difficulties affording necessary housing and care. AdvertisementA crisis is ballooning for middle Americans of retirement age. ”They focused on the potentially bleak financial futures of what they term the "Forgotten Middle." AdvertisementThat “Forgotten Middle” group is only expected to get bigger and more diverse. A University of Southern California and Columbia University analysis found that homeownership rates for lower-income “Forgotten Middle” Americans have fallen by 31% from 1994 to 2018.
Persons: , ” Sarah Rayel, they’re, ” Rayel, There’s, Sen, John Hickenlooper, won’t Organizations: Service, University of Chicago, Health, University of Michigan, Medicaid, University of Southern, Columbia University, Consumer Finances, National Council, Aging, AARP, Democrat, Savings Locations: NORC, University of Southern California, Colorado
Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.
Persons: Phil, Joe Biden’s, Biden, Donald Trump, , Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic
On a Friday morning interview with Fox News, Trump criticized Federal Reserve Chair Jerome Powell's handling of the economy, particularly regarding interest rates. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected." While the committee's Summary of Economic Projections in December penciled in three interest rate cuts for this year, Powell said on Wednesday that it's highly unlikely those cuts will take place at the next meeting in March. The jobs data on Friday will support a decision to delay rate cuts until after March — the US economy beat expectations by adding 353,000 jobs. However, some Democratic lawmakers have been urging Powell to consider cutting interest rates sooner rather than later to give Americans financial relief.
Persons: Donald Trump's, Trump, Jerome Powell's, Powell, reappoint Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Fox News, Federal
In a Sunday letter to Fed Chair Powell, shared first with CNN, Warren expressed alarm at how “astronomical” mortgage rates have made a bad situation worse and urged Fed officials to start cutting borrowing costs. “We urge you to consider the effects of your interest rate decisions on the housing market and to reverse the troubling rate hikes that have put affordable housing out of reach for too many,” Warren and fellow Democratic Sens. John Hickenlooper, Jacky Rosen and Sheldon Whitehouse wrote. “Come on, Fed! Turn it around and drop those interest rates,” Warren told CNN’s Kate Bolduan on Monday.
Persons: Sen, Sherrod Brown, Powell, ” Brown, Brown, Elizabeth Warren, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, , CNN’s Kate Bolduan, Read Organizations: Banking, Fed, CNN, Democratic
Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.
Persons: , it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens
New York CNN —America has a housing affordability crisis and Elizabeth Warren blames Jerome Powell and his colleagues at the Federal Reserve. To fight inflation, the Fed spiked interest rates at the fastest pace since the early 1980s. However, the Fed’s war on inflation set off shockwaves in the housing market. The one-two punch of elevated borrowing costs and record-high home prices has made the housing market historically unaffordable. “High interest rates have aggravated the country’s crisis of housing access and affordability,” the Senate Democrats wrote.
Persons: Elizabeth Warren, Jerome Powell, Powell, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Freddie Mac, , Tom Barkin didn’t, Organizations: New, New York CNN, Federal Reserve, CNN, Democratic, Democrats, Fed, National Association of Home Builders, Mortgage Bankers Association, National Association of Realtors, Richmond Fed Locations: New York, America, White
Sen. Elizabeth Warren joined some of her colleagues in pushing for the Federal Reserve to cut interest rates. AdvertisementAs Americans grapple with high housing costs, a group of Democratic lawmakers is urging the Federal Reserve to implement relief as soon as possible. While rent costs have decreased slightly over the past few months, "high interest rates mean higher mortgage rates for landlords, who may pass off these costs in the form of rent hikes for their tenants," the Democrats wrote. Powell has previously acknowledged the impact of interest rate increases on housing costs. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the Democrats wrote.
Persons: Sen, Elizabeth Warren, , — John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Jerome Powell, Powell, they'll Organizations: Federal Reserve, Service, Democratic, Harvard's, for Housing Studies Locations: York
The Iowa caucuses might have continued to be a nothingburger if New York Times correspondent RW “Johnny” Apple hadn’t pulled a journalistic PT Barnum act by coming to Iowa in the 1970s and making it a show. But if the Iowa caucuses ever meant anything, they mean less now. After all, Ted Cruz won the Iowa Republican caucuses in 2016, the year Donald Trump won the election; former Arkansas Gov. He mocked Iowa Gov. Trump did show up to the Iowa State Fair, but he pointedly avoided “fair-side” conversations hosted by Iowa’s governor.
Persons: Lyz Lenz, Johnny ” Apple hadn’t, Apple, salivating, Jimmy Carter, , I’ve, Pete Buttigieg, Ron DeSantis, John Hickenlooper, feverishly, Vivek Ramaswamy, Nikki Haley, outpace, Mitt Romney, Pennsylvania Sen, Rick Santorum, Ted Cruz, Donald Trump, Mike Huckabee, Arizona Sen, John McCain, Buttigieg, Joe Biden, Trump, He’s, Kim Reynolds, DeSantis, Bob Vander Plaats, Iowa, they’ll, he’s, Reynolds, Haley, Organizations: CNN, Republican, New York Times, Democratic Party, Apple, Georgia Gov, Florida Gov, Republicans, Massachusetts Gov, Democratic, Iowa Republican, Arkansas Gov, Trump, Iowa Gov, Family Leadership, Fair, Iowa’s, Capitol, Twitter, Facebook Locations: Iowa, Lyz Lenz Pilsen, Georgia, South Bend , Indiana, Sioux City, Florida, Dallas, Colorado, Cedar Rapids, Massachusetts, Pennsylvania, New York City, America, Arkansas, Arizona, New Hampshire
It would also require the Labor Department to compile a list of companies ineligible for federal contracts based on "serious, repeated, or pervasive violations of child labor laws." The Labor Department said earlier this month that in the 2023 fiscal year, which ended on Sept. 30, 2023, investigations had found close to 5,800 kids illegally employed in the U.S., an 88% increase from 2019. Another bipartisan Senate bill introduced on Thursday by Republican Marco Rubio from Florida, with Democrats Alex Padilla from California and John Hickenlooper from Colorado, and Republican Roger Marshall from Kansas, would require the Labor Department to report more details to lawmakers about the perpetrators and victims involved in child labor cases. A February 2022 Reuters story exposed child labor at Alabama chicken plants, revealing how unaccompanied Central American migrants in debt to human smugglers were working grueling factory shifts. Later, in November, the Labor Department filed a complaint against cleaning company Packers Sanitation Services Inc. (PSSI) for employing dozens of kids cleaning meatpacking plants around the country, some of whom suffered chemical burns and other injuries.
Persons: Cory Booker, Kevin Lamarque, Josh Hawley, Republican Marco Rubio, Alex Padilla, John Hickenlooper, Republican Roger Marshall, Rubio, Dick Durbin, Mica Rosenberg, Joshua Schneyer, Kristina Cooke, Aurora Ellis, Jonathan Oatis Organizations: Capitol, REUTERS, Democratic, Labor Department, U.S . Department of Agriculture, The Labor Department, Republican, Central, Packers Sanitation Services Inc, Hyundai, Kia, Reuters, Democratic Senators, Senate, Thomson Locations: Washington , U.S, United States, U.S, New Jersey, Missouri, Florida, California, Colorado, Kansas, Alabama, Korean, Mexico, Illinois, New York
Lawmakers React to the Hamas Attack on Israel
  + stars: | 2023-10-09 | by ( Kaia Hubbard | Oct. | At P.M. | ) www.usnews.com   time to read: +35 min
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
The Federal Reserve will make its next interest rate decision on Wednesday. Sen. Elizabeth Warren told Insider another hike could "be devastating for our economy." On Wednesday, the Federal Reserve will decide whether it will raise interest rates again, or maintain the pause on hikes it implemented in June. "Chair Powell must maintain the Fed's pause on rate hikes and avoid further rate increases that threaten our economy and risk throwing Americans out of work." Still, Warren and some of her Democratic colleagues have been critical of Powell's continued rate hikes.
Persons: Sen, Elizabeth Warren, Massachusetts Sen, Warren, Jerome Powell, Powell, we're, Democratic Sen, John Hickenlooper Organizations: Federal Reserve, Service, Fed, Federal, Market Committee, Consumer, Democratic Locations: Wall, Silicon, Massachusetts
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
Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."
Persons: , Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire
Florida lawmakers sent DeSantis a bill that would let him stay governor while running for president. "I don't think we have seen a six-month stretch that has ever been this productive in the history of our state," DeSantis said at the Florida Capitol in Tallahassee on Friday. Should DeSantis be successful in a presidential run, he would follow in the footsteps of Democrat Bill Clinton and Republican George W. Bush. Ron DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. During a press conference in Panama City, Florida, on Thursday, DeSantis continued to play coy about his intentions.
The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.
Fed Chair Jerome Powell testified before the Senate Banking Committee on Tuesday. Sen. Elizabeth Warren asked him how he will respond to Americans that could lose their jobs from interest rate hikes. While inflation is easing, Powell has indicated continued rate hikes will be necessary this year. "Will working people be better off if we just walk away from our jobs and inflation remains 5%-6%?" "We expect 2023 to be a year of significant decline in inflation," Powell said last month.
The Federal Reserve raised interest rates 25 basis points on Wednesday. This announcement comes on the heels of data showing inflation cooling down in the country. On Wednesday, the Federal Reserve announced it is raising interest rates by 25 basis points, marking a slowdown from its December hike of 50 basis points. The Fed's continued actions to slow its interest rate hikes is a promising sign for those concerned about a recession this year. But some Democratic lawmakers have been cautioning Powell on the risks of continuing to raise interest rates because it could lead to a recession.
The Federal Reserve is expected to raise interest rates again this week. Janet Yellen said given the continued hikes, the "risk of recession" persists. That's why estimates suggest the Fed will slow its interest rate hikes again in February. "Further interest rate hikes will only make it more expensive for small businesses to fund their operations. Millions of American jobs are at risk with the Fed's extreme rate hikes," Warren wrote on Twitter earlier this month.
WASHINGTON — A Democratic push to discredit the congressional Republicans who are launching a slew of investigations into President Joe Biden may be fracturing because of an unexpected obstacle: fellow Democrats. And former Vice President Mike Pence revealed this week that he, too, had discovered classified documents in his Indiana home. On Capitol Hill, House Republicans have opened an oversight inquiry into Biden’s handling of the records. (Both the White House and the Secret Service said they don’t keep such records for his personal residence.) The White House counsel’s office now has a communications arm to quickly respond to Republican allegations of presidential wrongdoing.
New York CNN —One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled that the bankrupt crypto platform could retain Sullivan & Cromwell as legal counsel, overruling objections from FTX customers who accused the firm of conflicts of interest. Then FTX’s former top lawyer supported the motion in a court filing, which included additional allegations that one of his former colleagues improperly funneled FTX business to Sullivan & Cromwell. Friedberg alleged that that lawyer funneled business to Sullivan & Cromwell, hoping to curry favor with the firm to which he hoped to eventually return. Earlier this month, a group of US senators also raised objections to Sullivan & Cromwell’s participation in the FTX bankruptcy.
But they may be reluctant to jump in the race if President Joe Biden plans to run for reelection. If he keeps Democrats waiting too long, other possible contenders may have to start running or get left behind. "No one's going to get in before Biden will, before Biden makes his decision," said Rep. Seth Moulton, of Massachusetts, who ran in the 2020 Democratic presidential primary. Biden has said his intention is to run for reelection, and he expects to make his official decision early next year. Asked about other Democratic candidates, Warren responded: "What about 'em?
Club customers subdued gunman, officials say Two people subdued the gunman who opened fire at Club Q, a Colorado Springs LGBTQ nightclub late on Saturday, saving lives, officials say. Share this -Link copiedOfficials name suspect in Club Q shooting Police on Sunday named the suspected gunman in the Club Q nightclub shooting as Anderson Lee Aldrich, 22. “Members of the LGBTQ community deserve to live full lives.” Share this -Link copiedSen. Hickenlooper: Nightclub shooting an 'unspeakable act' The Colorado Springs nightclub shooting is an "unspeakable act," Sen. John Hickenlooper, D-Colo., tweeted Sunday morning. "Horrendous to hear about the shooting at Club Q in Colorado Springs. Jared Polis called Saturday's attack on an Colorado Springs LGBTQ nightclub "horrific, sickening and devastating," and commended the the "brave individuals" who stopped the shooter.
Share this -Link copiedWisconsin Senate race too close to call Wisconsin's Senate race between GOP Sen. Ron Johnson and Democrat Mandela Barnes is too close to call, NBC News says. Vance wins Ohio Senate race, defeating Democrat Tim Ryan, NBC News projects COLUMBUS, Ohio — J.D. Ohio Republican Senate candidate J.D. Vance is leading The Senate race in Ohio is too early to call, NBC News says, but Republican candidate J.D. Share this -Link copiedGeorgia Senate race too close to call Georgia's Senate race is too close to call about three hours after polls closed at 7 p.m.
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