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The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.
Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii
South Carolina voters on Saturday are casting their ballots, deciding between former President Donald Trump or their former governor, Nikki Haley. Trump is holding a watch party in South Carolina where he is also likely to speak. "We have the resources to go the distance," a spokesperson for Haley's campaign told CNBC on Tuesday. Along with holding a polling lead, Trump has the endorsements of local South Carolina GOP chapters, South Carolina Governor Henry McMaster, South Carolina Rep. Nancy Mace and other lawmakers in the state. According to the February USA Today/Suffolk University poll, 42% of likely South Carolina GOP voters view immigration as the most important issue, while 26% prioritize the economy.
Persons: Donald Trump, Nikki Haley, Haley, Joe Biden, Trump, South Carolina Governor Henry McMaster ,, Nancy Mace, lambasting Biden, Biden Organizations: Trump, Republican, Democratic, USA, Suffolk University, CNBC, South, South Carolina GOP, South Carolina Governor, South Carolina Governor Henry McMaster , South Carolina Rep, Palmetto State, GOP Locations: Carolina, South Carolina, . South Carolina, New Hampshire, Palmetto, South, China
The White House plans to announce new sanctions against Russia in response to the death of the high-profile Russian opposition leader Alexei Navalny last week, National Security Spokesman John Kirby said Tuesday. "In response, at President Biden's direction, we will be announcing a major sanctions package on Friday of this week." Kirby noted that the new sanctions will build on the ongoing effort to stifle Russia's economy, while also adding specific restrictions over Navalny's death. The aftermath of Navalny's death comes while Congress is on recess and a $95 billion aid package with significant Ukraine funding remains deadlocked. Kirby said that Navalny's death highlighted the need for Congress to end the stalemate and pass the funding package to bolster Ukraine's defense against Russia.
Persons: Alexei Navalny, John Kirby, Putin, Navalny's, Kirby, Biden's, Yulia Navalnaya, Navalny, Vladimir Putin Organizations: White, National Security, Mr, Kremlin, Russia Locations: Russian, Paris, France, Russia, Ukraine
Nikki Haley hosts a rally in Conway as part of her swing in the Palmetto State leading up to the State's primary, in Conway SC, United States on January 28, 2024. During a speech billed as a "state of the race" update, Haley said she intends to stay in the 2024 election, regardless of her performance in the upcoming South Carolina Republican primary. The spokesperson also pointed to several instances where Trump's attacks on Haley led to millions of fundraising dollars. For example, Haley raised $1 million in 48 hours after Trump attacked Haley's husband's military service. That threat drove $2 million in contributions over 48 hours to the Haley campaign, according to a Haley spokesperson.
Persons: Nikki Haley, Haley, I'm, Trump, Haley's bullishness, Haley's, Charles Koch's, Billionaire Reid Hoffman, MAGA Organizations: Palmetto State, Conway SC, Former South Carolina, GOP, Republican, South Carolina Republican, USA, Suffolk University, Super, CNBC, Prosperity, Trump Locations: Conway, Palmetto, United States, Carolina, Greenville , South Carolina, Haley's, New Hampshire
The Treasury Department's corruption watchdog on Tuesday issued new proposed regulations that would extend major pieces of the anti-money laundering (AML) rules that apply to banks to some investment advisers. The new rules would apply to investment advisers who are registered with or report to the Securities Exchange Commission, leaving out what FinCEN estimates to be at least 17,000 state-registered investment advisers. The proposed regulations stop short of requiring investment advisers to adopt formal customer identification programs, like banks do. Investment advisers manage tens of trillions of dollars, but until now, they have been largely exempt from the AML regulations arising from the 1970 Bank Secrecy Act and subsequent legislation. In 2003 and 2015, FinCEN proposed similar rules that would have expanded BSA provisions to cover investment advisers.. to combat money laundering and terrorist financing.
Persons: Janet Yellen, FinCEN, Andrea Gacki Organizations: Financial, Treasury, Securities Exchange Commission, Investment Locations: Vienna , Virginia, FinCEN, China, Russia
U.S. Department of Homeland Security Secretary Alejandro Mayorkas holds a press conference at a U.S. Border Patrol station on January 08, 2024 in Eagle Pass, Texas. House Republicans are preparing to take another stab at impeaching Homeland Security Secretary Alejandro Mayorkas, a week after the same effort failed in an embarrassment for Speaker Mike Johnson, R-La. This time around, Republicans are confident they will have the majority vote to impeach now that House Majority Leader Steve Scalise, R-La., has returned to Washington after cancer treatment, which prevented him from breaking last week's 215-215 tie. If Republicans eke out a majority vote against Mayorkas, he would become only the second cabinet member in U.S. history to be impeached. The White House has supported Mayorkas, condemning the impeachment effort as a political distraction by Republicans, who refused $20 billion of border security funding in a bipartisan Senate deal last week.
Persons: Alejandro Mayorkas, Mike Johnson, Steve Scalise, Tom Emmer, Ken Buck, Ken Buck of Colorado, Mike Gallagher, Tom McClintock of, Gallagher, Buck, spokespeople, McClintock, George Santos, Tom Suozzi, eke, Mayorkas, Marjorie Taylor Greene, Karine Jean, Pierre Organizations: Department of Homeland, U.S . Border Patrol, House Republicans, Homeland, Republican, Capitol, GOP House, CNBC, Democratic, Mayorkas, Rep, Press, House Press Locations: U.S, Eagle Pass , Texas, Washington, Ken Buck of, Wisconsin, Tom McClintock of California, New York, Marjorie Taylor Greene of Georgia
Director of the National Economic Council Lael Brainard speaks during the daily press briefing at the White House January 11, 2024 in Washington, DC. National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on "shrinkflation," doubling down on the latest battlefront of President Joe Biden's corporate pressure campaign. Shrinkflation, the practice of reducing product sizes while keeping prices the same, is Biden's latest line of attack against corporations, which he debuted on Super Bowl Sunday. Both the White House and Biden's 2024 reelection campaign have touted inflation recovery as a key accomplishment of his economic agenda, dubbed Bidenomics. "The president is going to continue emphasizing that input costs have come down, supply chains have healed," Brainard said.
Persons: Lael Brainard, Brainard, Joe, Biden Organizations: National Economic, Economic, Cola, PepsiCo, Procter, Gamble, Super, Sunday, White Locations: Washington , DC
Defense Secretary Lloyd Austin canceled a trip to Brussels this week where he was set to attend meetings related to Ukraine's defense and NATO, after his emergency hospitalization over the weekend. Austin was taken to Walter Reed National Military Medical Center on Sunday afternoon due to "emergent bladder issues." The Defense secretary has been fighting prostate cancer and recuperating from surgery over the past few months. President Joe Biden is "not at all" concerned with Austin's ability to continue serving as Defense secretary, National Security Council spokesman John Kirby said Monday. Austin later transferred his duties to Deputy Defense Secretary Kathleen Hicks on Sunday evening.
Persons: Lloyd Austin, Aden Duale, Donald Trump, Austin, Walter, Walter Reed doctors, Joe Biden, John Kirby, Kirby, Biden, Doctors, Kathleen Hicks Organizations: Defense, Kenyan Defense, Pentagon, NATO, Walter Reed National Military Medical Center, National Security Locations: Arlington , Virginia, Brussels, Ukraine, Austin
US Defense Secretary Lloyd Austin takes questions during a press conference at the Pentagon in Washington, DC, on February 1, 2024. Defense Secretary Lloyd Austin was taken back to the hospital on Sunday afternoon for symptoms related to a possible bladder issue, the Pentagon announced. Deputy Defense Secretary Kathleen Hicks is on standby to assume any of Austin's functions, should that become necessary. Still, several lawmakers called on Austin to resign for the lack of transparency, though the White House rebuked those demands and doubled down on its support for the Defense Secretary as he battles cancer. I should have also told my team and the American public, and I take full responsibility," Austin said at a Pentagon briefing.
Persons: Lloyd Austin, Austin, Walter, Pat Ryder, Kathleen Hicks, Walter Reed, White, Austin's Organizations: US, Pentagon, Walter Reed National Military Medical Center, White House, White, Defense, American Locations: Washington ,, Austin
Senators on Sunday voted to move forward with a $95 billion aid package to fund Ukraine, Israel and Taiwan, a positive sign that the long-awaited foreign aid could have the votes to pass after a weekend of slow-going negotiations. "I think we're going to pass this spending bill for Ukraine. Since Wednesday, lawmakers have been working the tedious Senate process of spending hours in negotiations, followed by procedural votes and more negotiation. On Sunday, Paul estimated that at the going pace, the final vote would likely take place late Tuesday or early Wednesday. A $118 billion version of the bill already failed on the Senate floor last Wednesday.
Persons: Chuck Schumer, I've, We've, Sen, Chris Murphy, Conn, Schumer, Rand Paul, Paul, Joe Biden's, Marco Rubio Organizations: Senate, Super, CBS, Sunday, NBC, Republicans, Republican, CNN Locations: Washington , U.S, Ukraine, Israel, Taiwan, Ky, United States
His seat in Wisconsin's 8th congressional district is particularly valuable, given the state's battleground status and House Republicans' current rail-thin majority. Despite occasional resistance to his party, Gallagher is still an essential GOP vote representing a key swing state. Trump won Wisconsin in 2016 but lost it to President Joe Biden in 2020. In 2022, Gallagher won roughly 72% of the vote against several third-party candidates but no formal Democrat opponent. He was also appointed to the helm of the House's high-profile China committee, which was created at the start of last year.
Persons: Mike Gallagher, Gallagher, Alejandro Mayorkas, Donald Trump's, Trump, Joe Biden, Gallagher's, Kristin Lyerly, Christopher Wray Organizations: U.S, Capitol, Chinese Communist Party, Marine Corps, House Republicans, Homeland, Trump, Wisconsin, Badger, Democrat, Democratic, GOP, CCP Locations: Wisconsin's, Wisconsin, Washington, China
By a final tally of 67-32, senators voted to begin debate on a $95 billion aid package to fund Ukraine, Israel, Taiwan and humanitarian aid in war-torn regions. The $95 billion bill was a stripped-down version of the Senate's $118 billion bipartisan funding package, which was released on Sunday. Ukraine aid was the centerpiece of a particularly dramatic saga in September. But Johnson's hatred for CRs might not be enough to outweigh his desire to torpedo the Senate's foreign aid bill. Even if senators can pass the $95 billion, border-less bill, House Republicans have not confirmed which way they will swing on it.
Persons: Chuck Schumer, Schumer, tanked, Kevin McCarthy, McCarthy, Mike Johnson Organizations: Democratic Caucus, U.S . Capitol, Republicans, Republican, CRs Locations: Washington , U.S, Ukraine, Israel, Taiwan
Democratic Presidential hopeful Marianne Williamson speaks at the California Democratic Party 2019 Fall Endorsing Convention in Long Beach, California on November 16, 2019. This was her second presidential bid, after a failed primary campaign in 2020. I will," Williamson wrote in an X post hours before the results of the Nevada Democratic primary on Tuesday. Her best shot at picking up votes was in New Hampshire's Democratic primary, where Biden's name was not officially on the ballot. "While we did not succeed at running a winning political campaign, I know in my heart that we impacted the political ethers," Williamson wrote Wednesday.
Persons: Marianne Williamson, Williamson, Joe Biden, Dean Phillips, Phillips, Donald Trump, Biden's, Biden, gor Organizations: California Democratic, Democratic, House Rep, Biden, Nevada Democratic, New Locations: Long Beach , California, South, Texas, New Hampshire, South Carolina's, New, Granite State, America
House Republican leaders scrambled Tuesday to lock down enough support in their caucus to pass a bill to impeach Homeland Security Secretary Alejandro Mayorkas. A procedural vote to begin debate on the Mayorkas impeachment resolution passed the House Tuesday afternoon, but six members missed the vote: Three Republicans and three Democrats. "I am a lean 'no,'" Rep. Ken Buck, R-Colo., told CNBC last week as the House Homeland Security Committee debated the articles of impeachment. House Republicans have 219 seats with three vacancies versus Democrats' 212, with one vacancy. House Republicans allege that Mayorkas has intentionally disobeyed federal immigration laws and has prevented oversight of the Homeland Security Department.
Persons: Alejandro Mayorkas, Ken Buck, it's, Buck, Tom McClintock, McClintock, Mayorkas, Joe Biden, Biden, Chuck Schumer Organizations: of Homeland Security, Appropriations Homeland, Capitol, Republican, Homeland, CNBC, House Homeland Security, Republicans, [ Homeland Security, Homeland Security Department, Democrat Locations: Washington, U.S
U.S. President Joe Biden holds a campaign rally ahead of the state's Democratic presidential primary, in Las Vegas, Nevada, U.S. February 4, 2024. President Joe Biden has won Nevada's Democratic primary, NBC News projects. Of those, 62% were votes in the Democratic primary, and 38% were in the Republican primary. Democrats have won Nevada in the past four presidential elections. Next on Biden's primary calendar is Michigan, another major swing state, where 117 Democratic delegates are up for grabs.
Persons: Joe Biden, Marianne Williamson, Dean Phillips, Nikki Haley, Donald Trump, Joe Lombardo, Lombardo, Republican Donald Trump, Biden Organizations: Democratic, NBC, House Rep, State, Republican, South Carolina Gov, Democrats Locations: Las Vegas , Nevada, U.S, South Carolina, Williamson . Nevada, Nevada, Michigan
US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. The Washington Post first reported the Trump campaign was weighing a theoretical 60% Chinese tariff plan. Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again. At the time, Deutsche Bank estimated that the trade war was causing the stock market to hemorrhage trillions. Trump has attacked Biden for appeasing China while simultaneously expressing cozy sentiments toward China's authoritarian president, Xi Jinping.
Persons: Donald Trump, Xi Jinping, Trump, Nikki Haley, Trump's, Donald Trump's, Haley, Joe Biden, Biden, Xi, Fox News's Sean Hannity Organizations: China's, of, People, GOP, Washington Post, UN, National Taxpayers Union, Wall Street, China, U.S, American Action, U.S ., China Business Council, Deutsche Bank, appeasing Locations: Beijing, U.S, China, appeasing China
Senators on Sunday released the details of a $118.2 billion aid proposal for Ukraine, Israel and the southern U.S. border, after months of painstaking, closed-door negotiations. The publication of the bill marks a small victory for Senate negotiators who have gone back and forth for months on how to fund border security and whether to continue supporting Ukraine. But just as soon as the Senate back-patting is over, the proposal will face its next major battle: House Republicans. Republican lawmakers have been preparing to greet the Senate bill with hostility. Speaker Mike Johnson, R-La., on Saturday announced a House proposal that would fund Israel alone, a blatant attempt to preempt the Senate's broader foreign aid bill.
Persons: Chuck Schumer, Joe Biden, Mike Johnson, Israel, Johnson, Jake Sullivan, Donald Trump, NBC's, Trump, Schumer, Biden, we've, Karine Jean, Pierre Organizations: Sunday, Republicans, Republican, Saturday, America, Press, Biden Locations: Ukraine, Israel, U.S
U.S. President Joe Biden reacts as he attends the opening of the Biden for President campaign office in Wilmington, Delaware, U.S., February 3, 2024. President Joe Biden won a landslide victory in South Carolina's Democratic primary Saturday, where voters sent a clear message that they are ready for Biden to pivot to the November election. Biden's overwhelming margin of victory left no question about who Democratic voters want to be on the ballot in November. Republicans will vote in their party primary on Feb. 24, where former South Carolina Gov. Unlike the Republican battle, the Democratic primary has, so far, been notable for its civility.
Persons: Joe Biden, Biden, Dean Phillips, Marianne Williamson, Donald Trump, , Williamson, Phillips, Nikki Haley Organizations: Biden, South, Democratic, NBC News, Black, South Carolina Gov, GOP, Republican Locations: Wilmington , Delaware, U.S, South Carolina, In Iowa, New Hampshire
President Joe Biden has won the South Carolina Democratic primary, NBC News projects. Running against Biden were House Rep. Dean Phillips, D-Minn., and self-help author and 2020 Democratic candidate Marianne Williamson. NBC News' Decision Desk projects that Biden will be awarded all 55 Democratic delegates in South Carolina. South Carolina holds open primaries, which means any voter registered in the state is permitted to vote in either party's primary. The president did not win the 2020 Democratic primary in New Hampshire.
Persons: Joe Biden, Biden, Dean Phillips, Marianne Williamson, Donald Trump, , Williamson, Phillips, Nikki Haley, Biden's Organizations: Flex, South Carolina Democratic, NBC, Biden, Democratic, Republican, South, Palmetto State, . South, The Palmetto, Democratic National Committee, DNC, Democratic Party Locations: U.S, West Columbia, South Carolina, Nevada, Las Vegas, ., . South Carolina, , New Hampshire, New Hampshire
Speaker of the House Mike Johnson (R-LA) holds a news conference following a caucus meeting at the U.S. Capitol Visitors Center on January 30, 2024 in Washington, DC. House Speaker Mike Johnson, R-La., on Saturday announced an Israel-only funding package to be voted on next week, a huge step in the deadlocked negotiations over emergency aid that President Joe Biden initially proposed in October. "Next week, we will take up and pass a clean, standalone Israel supplemental package," the speaker wrote in a "Dear Friends" letter. This bill separates aid to Israel from Ukraine, Taiwan and the U.S. southern border, all of which were linked in Biden's original $105 billion aid proposal. But disagreements over how to address the U.S. border and whether to fund Ukraine's defense against Russia stalled the passage of Biden's October aid package.
Persons: Mike Johnson, Joe Biden Organizations: U.S, Capitol Visitors Center, Saturday, Russia Locations: Washington ,, Israel, Gaza, Ukraine, Taiwan, U.S
The Justice Department and FBI identified the attacks and shut down aspects of the Volt Typhoon malware, Wray said. Microsoft in May warned that Volt Typhoon hackers had been active since 2021 and were targeting U.S. cyber infrastructure. The hacks have become increasingly sophisticated, Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said at the hearing. She explained that Chinese hackers are able to "live within a computer's operating system" in a way that makes them difficult to identify. In July, Chinese hackers also compromised the email accounts of the U.S. ambassador to China and other officials.
Persons: Christopher Wray, Wray, they're, that's, Shou Zi Chew Organizations: FBI, Justice Department, Microsoft, Infrastructure Security Agency, Communist Party, NBC News, British Locations: China, U.S, London, Taiwan
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 28, 2021. Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates at the upcoming Fed meeting to make housing more affordable. "The direct effect of these astronomical rates has been a significant increase in the overall home purchasing cost to the average consumer," the letter said. The Fed's December forecast was a sigh of relief for the housing market, which has been under pressure over the past few years due to a combination of record-high rates and a lingering supply shortage. In January, mortgage demand surged, a signal that homebuyers are returning to a market they have been wary of for months.
Persons: Elizabeth Warren, Jerome Powell, Sen, Powell, Joe Biden's Organizations: U.S . Federal, Banking, Housing, Urban Affairs Committee, Washington , D.C, Democratic, Federal Locations: Massachusetts, Washington ,
Republican presidential candidate Nikki Haley took aim at GOP frontrunner Donald Trump on Sunday for his attempts to further delay a bipartisan border deal that has been deadlocked in Congress for months. "Donald Trump, the last thing he needs to do is tell them to wait to pass the border deal until the election. Notably absent from the people demanding lawmakers strike a deal: Trump. I'd rather have no bill than a bad bill," Trump said at a rally in Las Vegas on Saturday. House Republicans have been trying to impeach Homeland Security Secretary Alejandro Mayorkas for the border crisis, which they say represents a dereliction of his duty.
Persons: Nikki Haley, Donald Trump, Haley, Trump, Joe Biden, Biden, Democratic Sen, Chris Murphy of, Alejandro Mayorkas Organizations: Palmetto State, Republican, Press, Trump, Saturday, Democratic, U.S, Republicans, Homeland Locations: North Charleston, Palmetto, Charleston , South Caroline, United States, Las Vegas, Ukraine, Israel, U.S, Chris Murphy of Connecticut
From 6 a.m. Friday to 6 a.m. Saturday local time, China sent 33 military aircraft and six naval vessels toward Taiwan, according to Taiwan's Defense Ministry. For example, at their meeting, Sullivan and Wang confirmed the plan to launch a collaborative U.S.-China "Counternarcotics Working Group" on Tuesday to address the fentanyl crisis. The contentious issue comes up at nearly every U.S.-China meeting, including the high-profile talks between President Joe Biden and Chinese President Xi Jinping in November. China's military pressure on Taiwan comes during what senior administration officials have called "a period of higher tension." Lai was China's least favorite candidate due to his support of maintaining Taiwan's status quo.
Persons: Xi Jinping, Joe Biden, Jake Sullivan, Wang Yi, Sullivan, Wang, Mr, Lai Ching, Lai Organizations: U.S, Foreign, Taiwan's Defense Ministry, Democratic Progressive Party, U.S . Locations: Filoli, U.S ., California, Beijing, Taiwan, China, Taiwan Strait, U.S, United States, PRC, Bangkok
U.S. President Joe Biden speaks to United Auto Workers members at the UAW's Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced Wednesday at a union conference in Washington, D.C."Today, I'm proud to stand up here with your International Executive Board and announce that the UAW is endorsing Joe Biden for President of the United States," Fain said. "We will reelect Joe Biden." "Look, I kept my commitment to be the most pro-union president ever," Biden said following the endorsement announcement. Biden threw his own punches at Trump, who he expects to face in a general election rematch in November.
Persons: Joe Biden, Shawn Fain, Fain, reelect Joe Biden, shouldn't, Biden, Nikki Haley, Trump, Donald Trump Organizations: United Auto Workers, International, UAW, Democratic, New, Trump, South Carolina Gov, Republican Locations: Washington , U.S, Washington ,, United States, New Hampshire, Michigan, Detroit, America
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