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"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.
Persons: , Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's
The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.
Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, , Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud
Then came the endorsement from DeWine, who had previously suggested he wouldn’t get involved in the Senate primary. “Everyone loves Mike DeWine, but that’s not where the party is right now,” said Ohio Republican consultant Bob Kish, who’s not working for any of the candidates. The fight to defeat BrownWhoever emerges from Tuesday’s primary, Brown is in for a tough race in a state that Trump twice carried by 8 points. But like Montana Sen. Jon Tester, the other Democrat running in a Trump state this year, he’s done it before. “The Senate race will be the main event in Ohio,” said a national Democrat working on Senate races.
Persons: Donald Trump, Bernie Moreno, who’s, Democratic Sen, Sherrod Brown –, Trump, Moreno, Sen, Matt Dolan, Frank LaRose, Brown, Barack Obama, Republicans –, Dolan, Ohio Republicans –, Rob Portman, Mike DeWine, Kareem Elgazzar, hasn’t, , Bob Clegg, ” Trump, , J.D, Vance, Clegg, DeWine, wouldn’t, Paul Vernon, “ Matt, Chris Maloney, , ” Maloney, he’s, Bob Kish, There’s, CNN’s KFile, ” Kish, Bernie, Montana Sen, Jon Tester, they’ve, West Virginia Sen, Joe Manchin, Gaelen Morse, Ben Kindel, Besides Brown, didn’t, Bob Taft’s, Sherrod, ” Sen, Sherrod Brown, Julia Nikhinson, Hillary Clinton, won’t, ” CNN’s David Wright Organizations: CNN, Republican, GOP, Democratic, Senate, Trump, Republicans, Ohio Republicans, Ohio GOP, Warren County GOP adjourns, Green Beret, Club, Cleveland Indians, Cleveland Guardians, Central State University, AP, Buckeye State, Republican Party –, , West, PAC, Fund, Reuters, Democrat, Capitol Locations: Ohio, Warren County, Lebanon , Ohio, Mexico, Colombian, Wilberforce , Ohio, Montana, Trump, Columbus, Ohio’s suburbs,
The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.
Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, , , Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, , Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia
If shareholders approve the merger, it would enable Trump Media to go public and Trump to own a stake worth about $4 billion. In the US, a political party’s presidential nominee has never owned a major media platform worth so much. Furthermore, the possibility of this added Truth Social muscle for Trump arrives as right-wing MAGA messaging finds more outlets at the national and grassroots levels. And, while Trump has stuck with Truth Social, X has become a haven for right-wing conspiracies of all kinds. MAGA-friendly, right-wing media is growing at the grassroots level as well.
Persons: David Zurawik, Donald Trump, David Zurawik Mich Rouse, Trump, MAGA, Jay Ritter, Julia Nikhinson, Joe Biden, Lyndon Johnson, Johnson, John F, Kennedy, Lady Bird, Elon Musk, Tucker Carlson, Vladimir Putin, Carlson, Megyn Kelly, Eric Bolling, That’s, David Smith, Sinclair Organizations: Goucher College, Baltimore Sun, CNN, Trump, Securities, Exchange Commission, SEC, Trump Media & Technology Group, Trump Media, University of Florida, Getty, Republican, Federal Communications Commission, Johnsons, Twitter, Facebook, Fox News, Russian, Fox, Tucker Carlson Network, Sinclair Broadcast Group, Digital Locations: Conway , South Carolina, AFP, Austin , Texas, Texas, Maryland
watch nowGermany's defense minister said on Saturday that his country's commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed. Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met "in the 2020s, in the 2030s and beyond." However, Boris Pistorius, Germany's federal minister of defense, stressed that spending 2% was always designed to be a minimum. This year, 18 of 31 NATO members are expected to reach the target — up from just three in 2014. Pistorius cited growing geopolitical tensions around the world, including in Europe, the Indo-Pacific and Africa, as the reason he expects defense spending to increase.
Persons: Olaf Scholz, Boris Pistorius, Pistorius, Donald Trump, Julia Nikhinson Organizations: CNBC, Munich Security, Afp, Getty, NATO Locations: Conway , South Carolina, Russia, Europe, Pacific, Africa
But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.
Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, , Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, , Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, , Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, , CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington
Trump's success in a second term will hinge on bringing in people committed to his agenda, top appointees from his first term say. Trump and his allies have big plans for a second term — and still-fresh memories of a drawn-out four-year battle against a hostile administrative state. "They have to be resolute with their commitment to the president's vision," a top Trump official said of those who could find themselves tapped for plum roles. "However, none of these groups or individuals speak for President Trump or his campaign. "The starting point for a second Trump term will be the last year of his first term.
Persons: Donald Trump, Julia Nikhinson, Sen, Ted Cruz, Trump, Mark Esper, Jeff Sessions, Robert Mueller, William Barr's, Mike Pence's, Ron DeSantis, Nikki Haley, Doug Burgum, Susie Wiles, Chris LaCivita, Wiles, LaCivita, America's, Mike Pence, Jim Mattis Organizations: Afp, Getty Images WASHINGTON, Trump, Office, Florida Gov, Allies, White House, Senate, Association of, Presidential, NBC News, Biden, Republican Locations: Conway , South Carolina, Ted Cruz of Texas, Iowa, North Dakota, Washington, York, Mexican
He signed into law a critical healthcare reimbursement program for Maryland National Guard members. AdvertisementMoore, an Army veteran, recently spoke with Business Insider about his first year in office and the road ahead. Wes Moore: We've shown that Maryland is doing big things and that Maryland is unafraid to lead. We were able to get the FBI building to the state of Maryland and also keep the Orioles in Baltimore for years to come. AdvertisementWM: Maryland is now the first state in the country that has a service-year option for all of our high school graduates.
Persons: , Wes Moore, Black, Moore, who's, Joe Biden's, John L, Dorman, We've, Julia Nikhinson, Donald Trump's, Biden's, I'm, Donald Trump, Biden, we've, it's Organizations: Service, Business, Maryland National Guard, Democratic, Army, Gov, FBI, Orioles, AP, MLK, of Service Locations: Maryland, Baltimore, Iowa, West Point
In the United States, California continues to have the most solar energy, followed by Texas, Florida, North Carolina, and Arizona. China was one of the few growing markets this year for wind, the Global Wind Energy Council said. Faster permitting and other improvements in key markets such as Germany and India also helped add more wind energy. The top three markets this year are still China, the United States, and Germany for wind energy produced on land, and China, the United Kingdom, and Germany for offshore. The analysts are predicting that the global industry will rebound next year and make nearly 12% more wind energy available worldwide.
Persons: Mohammed bin Rashid Al Maktoum, Joshua A, Bickel, it's, Michael Taylor, IRENA, Karim Shahi, Rafiq Maqbool, Daniel Bresette, Bresette, Abigail Ross Hopper, Wood, Wood Mackenzie, Julia Nikhinson Construction, John Hensley, Seth Wenig, Hau Dinh, Evan Hartley, Paul Braun, John Eichberger, Daan Walter Organizations: Service, International Energy Agency, Business, IEA, United Arab Emirates, Climate, AP, International Renewable Energy Agency, Arizona . Workers, Energy Limited's, Energy, Environmental, Energy Study Institute, Solar Energy Industries Association, Global Energy Monitor, Wind Energy, Clean Power, Workers, Atlas Public, Benchmark Mineral Intelligence, Benchmark, University of Illinois, Panasonic, Toyota, Health, General Motors Co, LG Energy, Transportation Energy Institute, Rocky Mountain Institute Locations: Germany, Spain, Mohammed, Dubai, United, Bickel China, Europe, United States , California, Texas , Florida, North Carolina, Arizona, Karim, Khavda, Bhuj, India, Pakistan, Gujarat, China, Wood Mackenzie, Montauk Point , New York, Asia, United States, State, New London, Conn, United Kingdom, Hai Phong, Vietnam, Kansas, Ohio
[1/5] Honoree Dionne Warwick and her family attend the 46th Kennedy Center Honors gala at the Kennedy Center in Washington, U.S., December 3, 2023. REUTERS/Julia Nikhinson Acquire Licensing RightsWASHINGTON, Dec 3 (Reuters) - Washington celebrated singer Dionne Warwick, comedian Billy Crystal, Bee Gees member Barry Gibb, rapper and actress Queen Latifah, and opera star Renée Fleming on Sunday at the Kennedy Center Honors, the top U.S. honor for achievements in the arts. "There simply is no song that Dionne Warwick cannot sing," said record producer Clive Davis, adding that she had "inspired musicians all over the world." Crystal, 75, known for roles in films such as "When Harry Met Sally," "City Slickers," and "Analyze This," was next up. Opera singer J'Nai Bridges said ahead of the show that Fleming had helped make opera more mainstream.
Persons: Dionne Warwick, Julia Nikhinson, Billy Crystal, Bee, Barry Gibb, Queen Latifah, Renée Fleming, Joe Biden, Gladys Knight, Elton John, Stevie Wonder, Clive Davis, Singer Cynthia Erivo, Alfie, Harry Met Sally, Meg Ryan, Robert De Niro, De Niro, Biden, Tony, Whoopi Goldberg, Crystal, Oscar, Kerry Washington, Tituss Burgess, Christine Baranski, Susan Graham, Fleming, Sigourney Weaver, Fleming's, J'Nai Bridges, Gibb, Robin, Maurice, Michael Bublé, Ben Platt, Jeff Mason, Jasper Ward, Gerry Doyle Organizations: Kennedy Center, REUTERS, Rights, Washington, Kennedy, White, Broadway, Bee, Big Town, U.S, CBS, Thomson Locations: Washington , U.S, Warwick
[1/2] Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. The previously unreported letter and AI algorithm were key developments before the board's ouster of Altman, the poster child of generative AI, the two sources said. This could be applied to novel scientific research, for instance, AI researchers believe. In their letter to the board, researchers flagged AI’s prowess and potential danger, the sources said without specifying the exact safety concerns noted in the letter. Researchers have also flagged work by an "AI scientist" team, the existence of which multiple sources confirmed.
Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Sam Altman’s, Altman, Mira Murati, I've, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Reuters, Microsoft, Economic Cooperation, Thomson Locations: Washington , U.S, OpenAI, San Francisco, Asia, New York
The previously unreported letter and AI algorithm were key developments before the board's ouster of Altman, the poster child of generative AI, the two sources said. An OpenAI spokesperson said that the message, sent by long-time executive Mira Murati, alerted staff to certain media stories without commenting on their accuracy. This could be applied to novel scientific research, for instance, AI researchers believe. In their letter to the board, researchers flagged AI’s prowess and potential danger, the sources said without specifying the exact safety concerns noted in the letter. Researchers have also flagged work by an "AI scientist" team, the existence of which multiple sources confirmed.
Persons: Sam Altman’s, Altman, Mira Murati, Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, I've, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Reuters, Microsoft, Intelligence, Senate, U.S, Capitol, REUTERS, Economic Cooperation, Thomson Locations: OpenAI, Washington , U.S, San Francisco, Asia, New York
[1/2] Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. The previously unreported letter and AI algorithm was a catalyst that caused the board to oust Altman, the poster child of generative AI, the two sources said. The sources cited the letter as one factor among a longer list of grievances by the board that led to Altman’s firing. According to one of the sources, long-time executive Mira Murati told employees on Wednesday that a letter about the AI breakthrough called Q* (pronounced Q-Star), precipitated the board's actions. OpenAI defines AGI as AI systems that are smarter than humans.
Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Sam Altman’s, Altman, Mira Murati, ChatGPT, Anna Tong, Jeffrey Dastin, Krystal Hu, Kenneth Li, Lisa Shumaker Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Reuters, Microsoft, Thomson Locations: Washington , U.S, San Francisco, New York
U.S. President Joe Biden disembarks from Marine One at Delaware Air National Guard Base en route to Wilmington, in New Castle, Delaware, U.S., November 17, 2023. "I know I'm 198 years old," Biden joked back in June. If re-elected, Biden would be 86 by the end of his second term in office. Republican Ronald Reagan, who had the prior record as oldest U.S. president, ended his second four-year term at age 77 in 1989. Seventy-seven percent of respondents, including 65% of Democrats, said Biden is too old to be president, while just 39% said Biden was mentally sharp enough for the presidency.
Persons: Joe Biden disembarks, Julia Nikhinson, Joe Biden, Biden, Republican Ronald Reagan, Trump, Steve Holland, Bill Berkrot Organizations: Delaware Air National Guard Base, REUTERS, Rights, White, Republican, Trump, Reuters, Thomson Locations: Marine, Wilmington, New Castle , Delaware, U.S
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsCompanies Microsoft Corp FollowNov 18 (Reuters) - The OpenAI board is in discussions with Sam Altman to return as the CEO of the company, The Verge reported Saturday, citing multiple people familiar with the matter. Reporting by Gursimran Kaur in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Gursimran Kaur, Cynthia Osterman Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Microsoft, Thomson Locations: Washington , U.S, Bengaluru
REUTERS/Julia Nikhinson Acquire Licensing RightsWASHINGTON, Nov 18 (Reuters) - U.S. President Joe Biden said on Saturday the Palestinian Authority should ultimately govern the Gaza Strip and the West Bank following the Israel-Hamas war. "As we strive for peace, Gaza and the West Bank should be reunited under a single governance structure, ultimately under a revitalized Palestinian Authority, as we all work toward a two-state solution," Biden said in an opinion article in the Washington Post. Israeli Prime Minister Benjamin Netanyahu took issue with Biden's plan for the Palestinian Authority to govern Gaza. The Palestinian Authority used to run both the West Bank and Gaza but was ousted from the latter in 2007 after a brief civil war with Hamas. Biden also said the United States is prepared to issue visa bans against "extremists" attacking civilians in the West Bank.
Persons: Joe Biden disembarks, Julia Nikhinson, Joe Biden, Biden, Benjamin Netanyahu, we’ve, Netanyahu, Mahmoud Abbas, Israel, Steve Holland, Eric Beech, Emily Rose, Doina Chiacu, Daniel Wallis Organizations: Delaware Air National Guard Base, REUTERS, Rights, Palestinian Authority, West Bank, Washington Post, Hamas, West Bank and, Palestine TV, The West Bank, Thomson Locations: Marine, Wilmington, New Castle , Delaware, U.S, Gaza, Israel, Washington, United States, Tel Aviv, West Bank and Jerusalem
REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Nov 17 (Reuters) - Embattled U.S. Representative George Santos faced a fresh effort to expel him from Congress on Friday, the day after fellow lawmakers released a report that suggested federal prosecutors should bring additional criminal charges against him. The House, which Republicans control by a narrow 221-213 majority, is expected to vote on the expulsion effort when it returns from a two-week recess. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. Last time, 182 Republicans voted against expulsion as they need Santos' seat to protect their narrow House majority. "George has betrayed the trust of his constituents who deserve honesty and transparency from their elected official."
Persons: George Santos, Julia Nikhinson, Representative George Santos, Michael Guest, Santos, Guest, Hermes, Joe, Stephanie Bice, George, Moira Warburton, David Morgan, Andy Sullivan, Scott Malone, Daniel Walls, Jonathan Oatis Organizations: Rep, Capitol, REUTERS, Rights, Representative, Republican, Justice Department, Democratic, Thomson Locations: Washington , U.S, New York City, OnlyFans
REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - U.S. House Representative George Santos said he will not run for reelection after a damning House Ethics Committee report referred "additional uncharged and unlawful conduct" by him to the Justice Department on Thursday. I will however NOT be seeking re-election for a second term in 2024," Santos said in a post on the X social media site. "Representative Santos’ conduct warrants public condemnation, is beneath the dignity of the office, and has brought severe discredit upon the House" of Representatives, the bipartisan committee said in a statement. Ethics Chairman Michael Guest, a Republican, intended to file a motion to expel on Friday, according to media reports. Santos survived a vote to expel him from the House brought by fellow House Republicans from New York state in early November.
Persons: George Santos, Julia Nikhinson, Santos, Santos ’, Michael Guest, Moira Warburton, Andrew Goudsward, Jonathan Oatis Organizations: Rep, Capitol, REUTERS, Rights, . House, Justice Department, Department of Justice, Republican, Republicans, Thomson Locations: Washington , U.S, New York
Uncle Sam cleverly goes long on short sellers
  + stars: | 2023-11-15 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The United States is a rare place where financial regulators hand out cash for information that leads to successful enforcement. Moreover, the rewards are not just for corporate insiders, but also short sellers. In 2019, the SEC doled out $60 million, a sum it has already exceeded nearly five-fold this year. Skeptical investors – notwithstanding their sleuthing skills – generally trade on information regulators could in theory find themselves. Short sellers aren’t always welcome, but some are undeniably being put to good use.
Persons: Julia Nikhinson, Carson Block, Kyle Bass, Waters, It’s, aren’t, , Jeffrey Goldfarb, Sharon Lam Organizations: U.S, Capitol, Congress, REUTERS, Reuters, U.S . Securities, Exchange Commission, Hayman Capital, SEC, Bloomberg, Futures Trading Commission, European, Harvard University, Workers, Thomson Locations: Washington , U.S, United States
Homeland Security Secretary Alejandro Mayorkas arrives to testify before the Senate Appropriations committee as lawmakers in the U.S. Congress struggle to reach a deal to head off a looming partial government shutdown less than two weeks away on Capitol Hill in Washington, U.S., November 8, 2023. REUTERS/Julia Nikhinson/File... Acquire Licensing Rights Read moreWASHINGTON, Nov 13 (Reuters) - The U.S. House will vote on Monday whether to advance or block a Republican charge to impeach Homeland Security Secretary Alejandro Mayorkas for allegedly failing in his duty to secure the U.S.-Mexico border. In response to the initial impeachment motion, a U.S. Department of Homeland Security spokesperson said lawmakers should stop "their reckless impeachment charades and attacks on law enforcement" and instead "deliver desperately needed reforms for our broken immigration system." House Republicans have also launched an impeachment inquiry into Biden himself. The probe is focused on the president's son, Hunter Biden, and the White House has denied any wrongdoing.
Persons: Alejandro Mayorkas, Julia Nikhinson, Marjorie Taylor Greene, Joe Biden, Biden's, Donald Trump, Mayorkas, Biden, Trump, Hunter Biden, Moira Warburton, Ted Hesson, Scott Malone, Jonathan Oatis Organizations: Homeland, U.S, Congress, REUTERS, Democratic, Republican, U.S . Department of Homeland Security, Biden, Trump, Republicans, White, Thomson Locations: Washington , U.S, WASHINGTON, Mexico, U.S, Cuba, Haiti, Nicaragua, Venezuela
Eight Republicans joined with 201 Democrats to vote in favor of referring the articles back to the House Homeland Security Committee, which is carrying out its own investigation into Mayorkas' alleged dereliction of duty. Mia Ehrenberg, a spokesperson for the Department of Homeland Security, accused Republicans of "wasting time" on the impeachment. "Secretary Mayorkas continues to be laser-focused on the safety and security of our nation," Ehrenberg said in a statement. The impeachment allegations stem from a Republican assertion that the Biden administration could better manage border security, rather than any criminal offense. House Republicans have also launched an impeachment inquiry into Biden.
Persons: Alejandro Mayorkas, Julia Nikhinson, Marjorie Taylor Greene, Joe Biden, Mayorkas, Greene, Mia Ehrenberg, Ehrenberg, Donald Trump, Biden, Trump, Hunter Biden, Moira Warburton, Ted Hesson, Scott Malone, Jonathan Oatis, Gerry Doyle Organizations: Homeland, U.S, Congress, REUTERS, U.S . House, Republican, Democratic, Eight Republicans, House Homeland Security Committee, Department of Homeland Security, Republicans, Biden, Trump, White, Thomson Locations: Washington , U.S, WASHINGTON, Mexico, Ukraine, U.S, Cuba, Haiti, Nicaragua, Venezuela
Moody's changed the U.S. credit outlook to negative from stable on Friday, citing larger fiscal deficits and a decline in debt affordability. Moody's typically "resolves" an outlook, meaning in case of a negative outlook it either brings it back to stable or goes ahead with a rating downgrade, within 18 to 24 months, he said. But the process may take longer and will depend on fiscal policy measures that will be taken. Moody's lower outlook comes after a bond selloff that has pushed long-term Treasury debt yields to levels not seen since 2007 in recent weeks. An environment of higher interest rates will likely result in higher interest payments and higher deficits, said Foster.
Persons: Julia Nikhinson, Moody's, William Foster, Foster, , , Davide Barbuscia, Megan Davies, Chris Reese Organizations: U.S, Capitol, Congress, REUTERS, Reuters, Thomson Locations: Washington , U.S, United States
Senator Joe Manchin, a maverick who has often bucked party leadership in the past two years, said on Thursday that he will not seek re-election, hurting Democrats' chance of defending their thin Senate majority in the 2024 election. The move by the 76-year-old lawmaker will make it very difficult for Democrats to defend his West Virginia seat. "We like our odds in West Virginia," Senator Steve Daines, the head of Republican senators' campaign arm, said in a statement. David Bergstein, a spokesperson for the Senate Democrats' campaign arm, said the party was confident in its chances of strengthening its majority. Manchin has insisted that his only motivation is the coal-producing state of West Virginia and an eye on fiscal responsibility.
Persons: Joe Manchin, Manchin, Republican Donald Trump, Democrat Joe Biden, Steve Daines, Biden, Trump, David Bergstein, Matt Bennett, he's, Bennett, Julia Nikhinson, Jim Justice, Justice, Biden's, Kyrsten Sinema, Roe, Wade, Mitt Romney, Moira Warburton, Jasper Ward, Makini Brice, Richard Cowan, Jason Lange, David Morgan, Scott Malone, Alistair Bell, Daniel Wallis Organizations: Democratic U.S, United States Senate, Republican, Democrat, Democratic Party, White, Reuters, Biden, Democrats, Trump, Senate Democrats, U.S, Congress, REUTERS, SEAT West Virginia's Republican, Democratic, Charleston Gazette, Thomson Locations: West Virginia, Montana and Ohio, Pennsylvania, Arizona, Democratic, Washington , U.S, Washington, America, Jasper
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