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☆ GOP lawmaker concedes House Republicans 'don't have the votes right now' to impeach Biden
▼ + stars: | 2024-02-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Republican lawmakers are reportedly souring on the prospects of impeaching President Joe Biden after months of investigations. Advertisement"We don't have the votes right now," one GOP lawmaker told CNN. CNN reported that no major decision is expected before Hunter Biden and James Biden sit for their depositions. Lawmakers haven't produced direct evidence of President Joe Biden's wrongdoing. And I watch the news," Rep. Mike Kelly, a Pennsylvania Republican, told CNN.

Persons: Joe Biden, Hunter Biden, James Biden, haven't, Joe Biden's, George, Jonathan Turley, Biden, Donald Trump, Mike Kelly Organizations: CNN, Capitol, Republicans, George Washington University, Judiciary, Pennsylvania Republican Locations: Pennsylvania

☆ House GOP skeptical Biden inquiry leads to impeachment as election draws near
▼ + stars: | 2024-02-02 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +11 min

Some of the ire has been directed at House Oversight Chairman James Comer, who has spearheaded the investigation into Biden family business records. “I don’t think it goes anywhere,” one Republican lawmaker said of the Biden impeachment inquiry. One senior GOP impeachment inquiry aide said it would be “a win too in our eyes” if the probe ended with legislative proposals to reform federal ethics laws, regardless of the decision on impeachment. House Judiciary Chairman Jim Jordan, who is co-leading the investigation, acknowledged a Biden impeachment is not a forgone conclusion. “Nobody is talking about that,” said GOP Rep. Dan Newhouse of Washington state, when asked for his thoughts on the Biden impeachment inquiry.

Persons: Joe Biden, Biden's, Hunter Biden, James, ahas, Scott Perry, Scott Perry of Pennsylvania, Biden, “, Nicole Malliotakis, ”, –, James Comer, Kevin McCarthy, Comer, we’ve, it’s, Alejandro Mayorkas, Jim Jordan, ” Jordan, Jason Smith, Biden – it’s, I’m, ” Comer, Comer’s, Steve Scalise, BIden’s, ” Scalise, Mike Kelly of Pennsylvania, David Schweikert, Mike Garcia of California, Dan Newhouse, David Valadao of, you’re, Hunter Biden’s, Hunter, Victoria Spartz, “ It’s, ” CNN’s Haley Talbot Organizations: Republicans, Democratic, GOP, Republican, New York, CNN, Homeland, Representatives, Committee, Biden, Washington, Victoria Locations: Scott Perry of, New, Jordan, Missouri, Arizona, David Valadao of California, Victoria Spartz of Indiana, House

Cheney writes most members knew “it was a farce” and “another public display of fealty to Donald Trump.”“Among them was Republican Congressman Mark Green of Tennessee,” Cheney writes. “Leader McConnell, who had made a career out of savvy political calculation and behind-the-scenes maneuvering, got this one wrong,” Cheney writes. In the book, Cheney also condemns right-wing media for amplifying the disinformation coming from Trump and his allies. “Several months later, I heard the show had been in the final stages of production when it was shut down,” Cheney writes. Cheney writes that Pelosi’s team “pulled together a list of the 10 worst things I had ever said about her.

Persons: Washington CNN —, Liz Cheney, “ enablers, ”, Donald Trump, Cheney, ” Cheney, Kevin McCarthy, Trump, he’d, Mike Johnson, “, Liz Cheney's, Brown, hypocrites –, Steven Cheung, ‘, Jesus, McCarthy, ” McCarthy, “ McCarthy, Jim Jordan, ” Jordan, Jordan, Russell Dye, Johnson, “ Johnson, ’ ”, Mark Green of, Green, sheepishly, ’, ’ Cheney, craven, fundraise, Kevin, “ They’re, Jerry Maguire, Tom Cruise, Renée Zellweger, it’s, Mike Pence, Pence, Paul Ryan, Ryan, Cheney’s, Dick Cheney, Liz Cheneys, cautioning, ’ ” Cheney, Roberto Schmidt, Hakeem Jeffries, George W . Bush, “ Liz, Courage, I’m, Nancy Pelosi, Liz ’, ruefully, Trump –, Mike Kelly, “ She’s, Mike Turner, Liz, Drew Angerer, Ronald Reagan, Reagan, George W, Bush, McConnell, Mitch McConnell, ” McConnell, Fox, Tucker Carlson, Pelosi, “ Trump, Jan, CNN’s Kristen Holmes, Annie Grayer, Oliver Darcy Organizations: Washington CNN, Republican Party, CNN, Wyoming Republican, Trump, White, GOP, Republican, California Republican, Fox News, “, Capitol, ”, Orange Jesus, Mar, Save America PAC, AFP, Getty, Democratic, Republicans, House Republican Conference, Caucus, U.S . Capitol, Jan, Senate Republicans, Fox Corp, Fox, Democrat, Independent Locations: Wyoming, California, Mark Green of Tennessee, Mar, Trump, Washington , DC, Ohio, WASHINGTON, DC, Washington ,, Trump’s, Congress, America

(CNN) - Mike Johnson swiftly ascended to the speakership with unanimous support from his party. It shouldn’t be this way.”“This has not been a good moment,” said Republican Rep. Mario Diaz-Balart of Florida, reflecting on the last three weeks. “I trust Mike Johnson. New York House Republicans say they plan to introduce a resolution to expel Santos as soon as Thursday. So far, though, Speaker Johnson is treading carefully.

Persons: Mike Johnson, Johnson, Joe Biden, Mike Kelly, ”, Mario Diaz, that’s, It’s, Johnson’s, George Santos, –, “, We’ll, Mitch McConnell –, Sen, Susan Collins of, Collins, doesn’t, Kevin McCarthy, McCarthy, Matt Gaetz, Dan Crenshaw, John Duarte of, they’ve, Dusty Johnson of, Kelly Armstrong of, Mike, Santos, ” CNN’s Lauren Fox, Haley Talbot Organizations: CNN, Republican, GOP, Hamas, Rep, George Santos of New, Israel, White, Senate, Republicans, Texas GOP, Dusty Johnson of South Dakota, New York House Republicans Locations: Florida, Israel, George Santos of, George Santos of New York, Ukraine, Taiwan, Susan Collins of Maine, Texas, John Duarte of California, Dusty Johnson of South, Kelly Armstrong of North Dakota

Jordan secured just 200 Republican votes on Tuesday. "I don't think anybody in here on any issue of any substance would have to guess where Jim Jordan is going to stand. He simply tells you straight up," Republican Representative Tom Cole said as he nominated Jordan for speaker ahead of the vote. Potential candidates include Representative Tom Emmer, currently the No. 3 House Republican.

Persons: Jim Jordan, Jordan, Patrick McHenry, Kevin McCarthy, We've, Let's, Newt Gingrich, John Boehner, Mike Kelly, McHenry, Hakeem Jeffries, Tom Emmer, Jordan's, dissemble, Tom Cole, Donald Trump, Boehner, Joe Biden's, David Morgan, Moira Warburton, Katharine Jackson, Makini Brice, Susan Heavey, Andy Sullivan, Scott Malone, Grant McCool, Nick Zieminski Organizations: U.S . House, Republicans, Democrats, Republican, Democratic, U.S . Rep, Representatives, White, Senate, New, Committee, Biden, Thomson Locations: U.S, East, Ukraine, Jordan, Washington, McHenry

That temporary solution could also buy more time for Jordan to line up support for the job after that point. "I think it gets more and more difficult for him every day," said Republican Representative Mario Diaz-Balart, who opposes Jordan. Jordan, a close ally of former President Donald Trump, could be in trouble if more Republicans vote against him in a second ballot. At least one Republican who voted against him on Tuesday, Representative Doug LaMalfa, said he would vote for Jordan on the second ballot. 3 House Republican.

Persons: Jim Jordan, Jordan, Patrick McHenry, We've, Let's, Mike Kelly, McHenry, Hakeem Jeffries, Kevin McCarthy, Mario Diaz, Balart, Newt Gingrich, John Boehner, Donald Trump, Tom Emmer, Read, McCarthy, Doug LaMalfa, Boehner, Joe Biden's, Kay Granger, Jordan's, David Morgan, Moira Warburton, Katharine Jackson, Makini Brice, Susan Heavey, Andy Sullivan, Scott Malone, Grant McCool, Nick Zieminski Organizations: U.S . House, Republican, Democratic, Republicans, U.S . Rep, Representatives, CNBC, Caucus, Committee, Biden, White, Thomson Locations: U.S, East, Ukraine, Jordan, McHenry, Washington

On Tuesday, 20 Republicans voted against his candidacy – far more than the handful he could afford to lose given the party’s narrow majority in Congress. These are the House Republicans who voted against Jordan in each ballot:First ballot1. Don Bacon of Nebraska voted for former House Speaker Kevin McCarthy2. Anthony D’Esposito of New York voted for former Rep. Lee Zeldin of New York4. Kelly voted for former House Speaker John Boehner15.

Persons: Jim Jordan of, Jordan –, Kevin McCarthy’s, Jordan, Don Bacon of Nebraska, Kevin McCarthy, Lori Chavez, McCarthy, Anthony D’Esposito, Lee Zeldin, Mario Diaz, Steve Scalise, Jake Ellzey, Mike Garcia, Andrew Garbarino, Carlos Gimenez, Tony Gonzales, Kay Granger, Mike Kelly, Jennifer Kiggans, Nick LaLota, Mike Lawler, John Rutherford of, Mike Simpson, Steve Womack, Ken Buck, Tom Emmer, John James of Michigan, Tom Cole, Doug LaMalfa, Victoria Spartz, Thomas Massie of, Bacon, Vern Buchanan, Byron Donalds, Buck, Chavez, DeRemer, D’Esposito, Diaz, Balart, Ellzey, Garcia, Drew Ferguson, Garbarino, Gimenez, Gonzales, Granger, James, Candice Miller, Kelly, John Boehner, Kiggans, Lawler, LaLota, Mariannette Miller, Meeks, Rutherford, Simpson, Pete Stauber, Bruce Westerman, Womack Organizations: Washington CNN — Republican, House Republicans, New York, Michigan Locations: Jim Jordan of Ohio, Oregon, New, New York, Florida, Louisiana, Texas, California, Virginia, John Rutherford of Florida, Idaho, Arkansas, Colorado, Minnesota, Oklahoma, Indiana, Thomas Massie of Kentucky, Georgia, Iowa

☆ Here Are the 20 Republicans Who Opposed Jordan
▼ + stars: | 2023-10-17 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: +2 min

Representative Jim Jordan of Ohio lost a bid to become speaker on Tuesday after 20 Republicans refused to back him, prolonging a two-week fight that has paralyzed the chamber and underscored the deep Republican divisions in the House. The group included vulnerable Republicans from districts that President Biden won in 2020 and congressional institutionalists worried that Mr. Jordan, if elected, would demand extreme spending cuts, including to the military, potentially forcing a government shutdown. Here’s a look at the lawmakers who opposed Mr. Jordan on the first vote. Biden-district RepublicansThere are 18 Republicans in the House who represent districts Mr. Biden won in the last presidential election. John Rutherford of FloridaMike Simpson of IdahoSteve Womack of Arkansas Mr. Womack said he voted against Mr. Jordan on principle because Mr. Scalise was “kneecapped before he could win over his opponents.”McCarthy LoyalistsDoug LaMalfa of California The northern Californian said he would vote for Mr. Jordan on the second ballot.

Persons: Jim Jordan, Biden, Mr, Jordan, Kevin McCarthy, Steve Scalise, McCarthy’s, Don Bacon, Nebraska Lori Chavez DeRemer, Oregon Anthony D’Esposito, York Jen Kiggans, Virginia Nick LaLota, Mike Lawler, Jordan’s, Mario Diaz, Florida Jake Ellzey, Texas Tony Gonzales, Texas Kay Granger, John Rutherford of, John Rutherford of Florida Mike Simpson, Idaho Steve Womack, Womack, Scalise, “ kneecapped, ” McCarthy, Doug LaMalfa, John James of Michigan Andrew Garbarino, New York Carlos Gimenez, Florida Mike Kelly of Organizations: Mr, Biden, Republicans, Committee, New York, Florida Mike Kelly of Pennsylvania Wild Locations: Ohio, Louisiana, Oregon, York, Virginia, Florida, Texas, Texas Kay Granger of Texas, John Rutherford of Florida, Idaho, Arkansas, California, New, Indiana

☆ 20 Republicans oppose Jim Jordan for speaker, sinking his chances on the first ballot
▼ + stars: | 2023-10-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Republican Rep. Jim Jordan failed to win enough support on the first ballot, losing 20 Republicans. Jordan, who chairs the powerful House Judiciary Committee, received 200 votes on the first ballot with 20 Republicans voting for other candidates. With full Democratic attendance and united opposition, Jordan could only afford to have lost three Republican votes. By at least one measure, Jordan would be the most conservative Speaker compared to the average House Republican in recent years. The 20 Republicans that have voted against Jordan thus far:Seven Republicans voted for House Majority Leader Steve Scalise: Scalise was briefly the party's nominee to become speaker before he withdrew from the race.

Persons: Kevin McCarthy's, Jim Jordan, —, Jordan, Hakeem Jeffries, Rather, McCarthy, Jordan's, Gus Bilirakis, Joe Biden, Donald Trump, Kay Granger, Rep, Steve Womack, Juan Ciscomani, Steve Scalise, Scalise, Mario Díaz, Tony Gonzales, Texas Mike Kelly of Pennsylvania John Rutherford of, Mike Simpson, Don . Bacon, Lori Chavez, Carlos Gimenez, Jen Kiggans, Doug LaMalfa, Mike Lawler, Lee Zeldin, Zeldin, Donald Trump's, Anthony D'Esposito Rep, Andrew Garbarino Rep, Nick LaLota Organizations: Republican, Republicans, Lawmakers, Service, Judiciary, Florida Republican, Democratic, Caucus, Jordan, Arkansas Republican, D.C, Seven, Florida Rep, Texas Rep, Texas Mike Kelly of Pennsylvania John Rutherford of Florida Rep, Idaho Rep, Arkansas Six, Nebraska Rep, Oregon Rep, Virginia Rep, California Rep, New, New York Three New York Republicans, Rep Locations: Florida, Ohio, Kay Granger of Texas, Arkansas, Texas, Texas Mike Kelly of Pennsylvania John Rutherford of Florida, Idaho, New York

"For China, it is 'bad news is good news' at the moment," said Jun Bei Liu, portfolio manager at Tribeca Investment Partners in Sydney. Even before the latest disappointing growth data, a slew of soft economic indicators had shown China's recovery was falling short, slamming the brakes on nascent stock market rallies. Foreign money has been leaving, with worries over China's cyber-security crackdowns and Sino-U.S. flaps over chips and rare metals adding to growth concerns. REVIEWING CHINAGoldman Sachs analysts led by Kinger Lau also believe a 'tactical market recovery' thesis is compelling, and project a 15% 12-month return for the CSI300. "We are conservative about the extent of the policy support down the road," said Alicia Garcia Herrero, chief economist, Asia Pacific at Natixis.

Persons: Jun Bei Liu, Liu, Marcella Chow, CHINA Goldman Sachs, Kinger Lau, it's, Mike Kelly, Alicia Garcia Herrero, Eugenia Victorino, SEB, Victorino, Ting Lu, Jason Xue, Tom Westbrook, Kim Coghill Organizations: Tribeca Investment Partners, CSI, Morgan Asset Management, CHINA, JPMorgan, PineBridge Investments, Nomura, Thomson Locations: China, Sydney, U.S, Asia, Natixis, Shanghai

☆ Trump gets first GOP endorsements since his indictment in classified documents case
▼ + stars: | 2023-06-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Trump, the clear frontrunner in the race for the 2024 GOP presidential nomination, was also endorsed by North Carolina Lt. Gov. As if to drive home that point, the same crowd that cheered Robinson also loudly booed another GOP presidential candidate, former New Jersey Gov. Reschenthaler, the House Republican chief deputy whip, is the second member of the chamber's GOP leadership to endorse Trump after House Republican Conference Chair Rep. Elise Stefanik of New York. Ron DeSantis, Trump's nearest Republican primary competitor, has so far amassed five congressional endorsements. Polls of the GOP primary field showed Trump widening his lead after his first indictment.

Persons: Donald Trump, Trump, Mark Robinson, Robinson, William Barr, Chris Christie, Christie, Mike Kelly, Dan Meuser, Scott Perry, Guy Reschenthaler, John Joyce, Reschenthaler, Elise Stefanik, Ron DeSantis, Fred Keller, Carla Sands, It's, Sen, Cindy Hyde, Smith, Andrew Clyde, Mike Pence, South Carolina Sen, Tim Scott, Nikki Haley, Vivek Ramaswamy, Asa Hutchinson, Miami Mayor Francis Suarez, Roe, Wade, Scott, Pence, Trump's Organizations: U.S, GOP, Columbus Convention, Trade Center, White, Republicans, North, Gov, Trump, White House, Republican, Republican Party, New, New Jersey Gov, Pennsylvania Federal Leadership Team, Keystone State, House Republican, NBC, Florida Gov, CNN, South, Former United Nations, Arkansas Gov, Miami Mayor, Democratic Locations: Georgia, Columbus , Georgia, Pennsylvania, North Carolina, New Jersey, Trump's, Washington ,, New York, Pennsylvania's, Denmark, Manhattan, Florida, South Carolina, Arkansas

☆ See How the G.O.P. Has Reacted to the Trump Indictment
▼ + stars: | 2023-06-16 | by ( Karen Yourish | Charlie Smart | ) www.nytimes.com time to read: +10 min

Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. SEN. HOUSE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative SEN. HOUSE MORE conservative According to an analysis by The New York Times, a small number of Republicans have made statements about the indictment that did not immediately dismiss the investigation.

Persons: Donald J, Biden, Trump, Brian Fitzpatrick Pa, Ken Buck Colo, Romney, Romney Utah SEN, Doug LaMalfa Calif, Mike Kelly Pa, Ted Budd N.C, Kevin Calvert Calif, George Santos N.Y, Roger Wicker Miss, SEN, Lauren Boebert Colo, Tom Emmer Minn, Ted Cruz Texas, Ted Cruz Texas SEN, HOUSE Lauren Boebert Colo, Byron Donalds, Eli Crane Ariz ., Ron Johnson Wis, HOUSE, HOUSE Byron Donalds, Paul Gosar Ariz, Josh Hawley Mo, “, ”, Don Bacon of Nebraska, Hillary Clinton, Joe Biden, Kevin McCarthy, —, Daniel Webster, Donald Trump, Steve Scalise, Diana Harshbarger, Mike Lee, Jack Smith, General Merrick Garland, Garland, Biden’s, Hunter, Trump’s Organizations: Senate, MORE, SEN, HOUSE Byron, The New York Times, ”, Justice Department, Biden’s Department of Justice, DOJ, Twitter, The, Department, White Locations: United States, Ken Buck Colo ., Romney Utah, Byron Donalds Fla, SEN, HOUSE Byron Donalds Fla, Florida, Tennessee, Venezuela, Bolivia, Nicaragua, America, Utah

In the previous session, the index dropped as data pointing to tepid U.S. business activity sparked profit-taking following gains in the prior week. MSCI's broadest index of world stocks (.MIWD00000PUS) was largely flat, while Tokyo's Nikkei (.N225) gained 0.90% and China's blue-chip index (.CSI300) dropped almost 1%. Three months ago, the question was how fast would rate hikes come. Now, a pause and then more U.S. rates hikes could follow as a result of sticky inflation, said Mike Kelly, head of multi-asset at PineBridge Investments. In oil markets, prices gave up most gains from the previous session after the world's top exporter, Saudi Arabia, said it would further cut output.

Persons: Toby Melville, Germany's DAX, Mike Kelly, We're, Gary Dugan, bitcoin, Nell Mackenzie, Dhara Ranasinghe, Mark Potter Organizations: London Stock Exchange Group, City of, REUTERS, Reserve, British Retail Consortium, Tokyo's Nikkei, Reserve Bank of Australia, Fed, European Central Bank, Bank of Japan, PineBridge Investments, Saxo Markets, Dalma, Thomson Locations: City, City of London, Britain, U.S, Saudi Arabia

☆ NBC News host scoffs at Sen. Ron Johnson after he said the media was biased during a charged interview: 'You can go back on your partisan cable cocoon'
▼ + stars: | 2023-01-16 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

Sen. Ron Johnson appeared on NBC News' "Meet the Press" on Sunday. Johnson and NBC News Host Chuck Todd repeatedly cut each other off throughout the interview. Johnson repeatedly claimed that the media was biased whenever Todd called him out. They make these things up," Johnson told Todd, later refuting the idea that the recent insurrection in Brazil looked similar to the January 6, 2021 insurrection. "Senator Ron Johnson, I look forward to our face-to-face at some point.

“It’s critically important that the Rules Committee reflect the body and reflect the will of the people. “What we’re seeing is the incredibly shrinking speakership,” former House Speaker Nancy Pelosi said in an interview Friday. “The reason these people want to be on the Rules Committee is they want to screw things up for McCarthy. The message the leader received from his deal-making centrists: We can live with giving Freedom Caucus members committee slots but committee gavels are a “nonstarter.”“Nobody should get a chairmanship without earning it,” Bacon said. That pisses us off.”Díaz-Balart said he had received assurances that “there are no deals cut about chairmanships” to committees as part of swaying votes to make McCarthy speaker.

☆ How government spending bill may help prevent abuse of federal tax incentive for land conservation
▼ + stars: | 2022-12-28 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. Federal conservation easements enable property owners to take a charitable deduction when they give up certain rights to develop land. The original bill was introduced in the House by Rep. Mike Thompson, D-Calif., and Mike Kelly, R-Pa., and in the Senate by Sens. "This is a great victory for conservation," said Lori Faeth, senior director of government relations at the Land Trust Alliance, a national land conservation organization that has advocated for the bill since it was first introduced.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. But the murky outlook meant that they were still not cheap enough for some investors. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. The fallout from the hectic week exacerbated trends for stocks and bonds that have been in place all year, pushing down prices for both asset classes. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

☆ China's new J-20 is nothing 'to lose a lot of sleep over,' but the US's stealth advantage isn't safe, US commanders say
▼ + stars: | 2022-09-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

China's air force has rapidly grown in size and capability, adding advanced jets like the J-20. The J-20 isn't "anything to lose a lot of sleep over," the head of US Pacific Air Forces said this week. But US Air Force leaders do say the US needs to work to stay head of the progress China is making. "We can take a look at it today and say we're not going to lose a lot of sleep. I'll lose sleep if we don't continue to modernize our Air Force to ensure that we stay ahead of where they are."

Finance minister Kwasi Kwarteng's plans will require an extra 72 billion pounds ($79 billion) of government borrowing over the next six months alone, and - a particular concern for investors - cement permanent tax cuts costing 45 billion pounds a year. But to bond investors, they bring the prospect of more persistent inflationary pressures - at a time when inflation is already near a 40-year high - as well as tighter Bank of England (BoE) policy. Government borrowing is likely to total 218 billion pounds this financial year and 229 billion pounds in 2023/24, Citi predicted, and it expects benchmark 10-year British government bond yields to rise to 4.25%. Adding to the pressure, on Thursday the BoE confirmed it planned to reduce its own 838 billion pounds of gilt holdings by 80 billion pounds over the coming year. "That is a strong indication that domestic and overseas investors are losing confidence in the UK's inflation-fighting credibility," he said.

☆ Democrats are focus-grouping Fetterman’s health. Swing voters think he’s getting sharper.
▼ + stars: | 2022-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | Jonathan Allen | ) www.nbcnews.com time to read: +9 min

The consensus, according to two people familiar with the responses given to Democratic operatives, was that persuadable voters believe Fetterman is fit to serve and getting sharper. Four months after the stroke, Fetterman has not released his medical records. But Oz has made sure that Fetterman’s health problems remain a top topic of political conversation. Michelle Gustafson / Bloomberg via Getty ImagesEarlier this summer, Pennsylvania Democrats privately expressed concerns about Fetterman’s health and lack of transparency, but Fetterman seems to have eased their fears. That helps explain why Republicans have been split on how much to focus on Fetterman’s health.

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