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☆ Biden Threatens Veto of U.S. House's Standalone Israel Aid Bill
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Patricia Zengerle(Reuters) - U.S. President Joe Biden's admninistration said on Monday he would veto a standalone bill backed by House of Representatives Republicans that would provide aid to Israel, as it backs a broader bill providing assistance to Ukraine and Israel and providing new funds for border security. Officials from the Democratic president's administration have been working for months with Senate Democrats and Republicans on legislation unveiled on Sunday combining billions of dollars in emergency aid for Ukraine, Israel and partners in the Indo-Pacific region, with an overhaul of U.S. immigration policy. Republican House leaders said days before its release on Sunday night that they would reject the bipartisan Senate bill, and instead vote on a bill proiding aid only to Israel. War in Israel and Gaza View All 194 ImagesThe Republican-majority House passed an Israel-only bill in November, but it was never taken up in the Democratic-led Senate, as members worked on Biden's request for Congress to approve the broader emergency security package. (Reporting by Patricia Zengerle; additional reporting by Eric Beech and Costas Pitas; Editing by Stephen Coates)

Persons: Patricia Zengerle, Joe Biden's admninistration, Eric Beech, Costas Pitas, Stephen Coates Organizations: Republicans, Emergency National Security, Management, Democratic, Democrats, Republican Locations: Israel, Ukraine, Gaza

☆ US House Republicans eye plan to avert government shutdown as Moody's warns
▼ + stars: | 2023-11-11 | by ( David Morgan | ) www.reuters.com time to read: +5 min

The White House sought to pin blame for the outlook change, which cited the high deficit and rising interest rates, on Republicans. "Moody's decision to change the U.S. outlook is yet another consequence of congressional Republican extremism and dysfunction," White House spokesperson Karine Jean-Pierre said. House Republicans hope to vote on Tuesday on a stopgap measure, which could extend discretionary funding for federal agencies into mid-January. Representative Chip Roy, a prominent member of the hardline House Freedom Caucus, said he could accept a stopgap measure that also contains aid to Israel in its war with Hamas. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease the party's far right.

Persons: Mike Johnson, Sarah Silbiger, Moody's, Andy Harris, Karine Jean, Pierre, Joe Biden, Tom Cole, Cole, Johnson, Chip Roy, Roy, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, . House, Republicans, AAA, Republican, White, Democratic, Caucus, Texas Republican, Social Security, Thomson Locations: Washington , U.S, U.S, Mexico, Washington, Israel, Ukraine

☆ US House Republicans plan shutdown-averting measure amid credit warning
▼ + stars: | 2023-11-10 | by ( David Morgan | ) www.reuters.com time to read: +2 min

A knowledgeable source, who spoke on condition of anonymity, said plans for the release of the continuing resolution, or "CR," were still in flux. U.S. House Speaker Mike Johnson has spent days in talks with members of his slim 221-212 Republican majority about several CR options. The Republican-controlled House and Democratic-led Senate must agree on a vehicle that President Joe Biden can sign into law before current funding expires on Nov. 17. Many lawmakers warn that a prolonged partisan fight over a stopgap measure could prevent Congress from averting a shutdown. As House Republicans debated their options this week, Senate Majority Leader Chuck Schumer took an initial procedural step toward moving his own stopgap measure.

Persons: Mike Johnson, Sarah Silbiger, Joe Biden, Moody's, Chuck Schumer, David Morgan, Daniel Wallis, Grant McCool Organizations: U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Republicans, Thomson Locations: Washington , U.S, Washington, U.S, Mexico

☆ US Senate Democrats tee up bill to avert government shutdown
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsWASHINGTON, Nov 9 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Thursday took a procedural step to allow the Democratic-majority chamber to pass a stopgap government funding bill before a Nov. 17 deadline to avert a partial government shutdown. THE TAKEDisputes within the fractious House of Representatives Republican majority have prevented that chamber from voting on a stopgap funding measure known as a continuing resolution, or CR. If House Republicans fail to start that process in time, Senate Democrats could pass a bill of their own, which would need House approval, to head off the fourth partial government shutdown in a decade. WHAT'S NEXT* Democrats and Republicans in both chambers will continue negotiations on finding a path forward ahead of the deadline, in the hopes of averting a shutdown. Reporting by Makini Brice and Katharine Jackson; Editing by Scott Malone and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Wurm, Chuck Schumer, Kevin McCarthy, Republican Mike Johnson, Joe Biden, McCarthy, Makini Brice, Katharine Jackson, Scott Malone, Alistair Bell Organizations: U.S, Capitol, REUTERS, Rights, Democratic, Republican, Republicans, United, Thomson Locations: Washington , U.S, United States

The Senate, which Democrats control 51-49, has also been struggling to pass bills funding the government through Sept. 30, adding to calls for a stopgap "continuing resolution" to avert a shutdown. Further complicating matters is a Republican majority so narrow that House Speaker Mike Johnson can afford to lose no more than four party votes on legislation Democrats oppose. "He hasn't decided how that would be structured - if that would happen," House Majority Leader Steve Scalise, the No. 2 Republican, told reporters in the U.S. Capitol on Friday. The House passed two of three Republican spending bills on their agenda last week, covering congressional operations and the environment.

Persons: Leah Millis, We've, Tom Cole, Hakeem Jeffries, Jeffries, Mike Johnson, Jeff Lewis, Johnson, Kevin McCarthy, hasn't, Steve Scalise, Frank Lucas, Jason Lange, David Morgan, Richard Cowan, Scott Malone, Jonathan Oatis Organizations: U.S . Capitol, REUTERS, Rights, U.S, Congress, Republicans, Democratic, House Democratic, Republican, Caucus, University of California, Capitol, Fox News Sunday, Reuters, Thomson Locations: Washington , U.S, Los Angeles

In the first major legislative action under new Speaker Mike Johnson, House of Representatives Republicans unveiled a standalone supplemental spending bill only for Israel on Monday. Republicans have a 221-212 majority in the House, but Biden's fellow Democrats control the Senate 51-49. To become law, the bill would have to pass both the House and Senate and be signed by Biden. The top Senate Democrat said the Republican bill would be dead on arrival in the upper chamber, even if it passed the House. "We need to treat all four of these areas, all four of them, Ukraine, Israel, Taiwan and the border," McConnell told reporters.

Persons: Anas, Joe Biden, Mike Johnson, Joe Biden's, Biden, Chuck Schumer, Mitch McConnell, McConnell, Antony Blinken, Johnson, Defense Lloyd Austin, Blinken, Matthew Miller, Patricia Zengerle, Costas Pitas, Jonathan Oatis, Stephen Coates Organizations: REUTERS, Rights, Republicans, Revenue Service, Democratic, Israel, Senate, Democrat, Republican, Leader, Management, Budget, Defense, Department, Thomson Locations: Gaza, Israel, Ukraine, China, U.S, Mexico, East, Taiwan

Republicans have a narrow majority in the House, but Biden's fellow Democrats control the Senate. To become law, the bill would have to pass both the House and Senate and be signed by Biden. Democrats said the Republican bill would be dead on arrival in the Senate, even if it passed the House. "We need to treat all four of these areas, all four of them, Ukraine, Israel, Taiwan and the border," McConnell told reporters. State Department spokesperson Matthew Miller said they had discussed issues including Biden's request for support for Ukraine and Israel.

Persons: Anas, Mike Johnson, Joe Biden's, Chuck Schumer, Mitch McConnell, McConnell, Antony Blinken, Johnson, Defense Lloyd Austin, Blinken, Matthew Miller, Patricia Zengerle, Jonathan Oatis Organizations: REUTERS, Rights, Republicans, Internal Revenue, House Republicans, Israel, Senate, Biden, Democrats, Republican, Democratic, Leader, Defense, Department, Thomson Locations: Gaza, Israel, Ukraine, China, U.S, Mexico, Taiwan

In one of the first major policy actions under new House Speaker Mike Johnson, House Republicans unveiled a standalone supplemental spending bill only for Israel, despite Democratic President Joe Biden's request for a $106 billion package that would include aid for Israel, Ukraine and border security. Johnson, who voted against aid for Ukraine before he was elected House speaker last week, had said he wanted aid to Israel and Ukraine to be handled separately. Democrats accused Republicans of stalling Congress' ability to help Israel by introducing a partisan bill. White House press secretary Karine Jean-Pierre issued a statement accusing Republicans of "politicizing national security" and calling their bill a non-starter. The House Rules Committee is expected to consider the Republican Israel bill on Wednesday.

Persons: Kevin Wurm, Mike Johnson, Joe Biden's, Johnson, Karine Jean, Pierre, Biden, Rosa DeLauro, Patricia Zengerle, Tom Hogue Organizations: U.S, Capitol, REUTERS, Rights, . House, Monday, Internal Revenue Service, House Republicans, Democratic, Ukraine, Fox News, Israel, Senate, Republicans, Republican Israel, Thomson Locations: Washington , U.S, Israel, Ukraine

☆ With House speaker installed, US Congress returns to spending battles
▼ + stars: | 2023-10-26 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

Meanwhile, House Republicans are pushing for a full plate of 12 separate funding bills to keep agencies running until Sept. 30, 2024, the end of the fiscal year. This rare feat requires close negotiation between the narrowly Republican-controlled House and the Senate, which has a two-vote Democratic majority. But the fiscal warfare between the Senate and conservative House Republicans that has raged since January is unlikely to end soon. Significant changes by Congress to Biden's request for aid to Ukraine and more money for border security were anticipated. Republicans attack Biden's border security spending, saying it falls far short in shutting down illegal border crossings and the flow of drugs such as fentanyl.

Persons: Kevin Wurm, Mike Johnson, Joe Biden, Johnson, Kevin McCarthy, John Kennedy, Chuck Schumer, Schumer, Tom Cole, Cole, Nanette Diaz Barragan, Joe Manchin, Manchin, Kennedy, Richard Cowan, Scott Malone, Richard Chang Organizations: U.S, Capitol, REUTERS, Rights, House, Republicans, Congress, Democratic, Republican, Senate, Biden, federal Social Security, House Republicans, Congressional, Thomson Locations: Washington , U.S, Israel, Ukraine, U.S, Mexico, Washington, Taiwan, West Virginia

"There is not a lot of trust," Republican Representative Dusty Johnson, a moderate, told reporters. "It's in the best interest of the country – and House Republicans themselves – to get their act together." PRIOR FAILURESA small band of party hardliners led by Republican Representative Matt Gaetz engineered McCarthy's ouster on Oct. 3. 3 House Republican Tom Emmer withdrew his bid on Tuesday amid opposition from party hardliners. He has a more moderate record than many other House Republicans.

Persons: Mike Johnson, Kevin McCarthy, Dusty Johnson, Johnson, hardliner Jim Jordan, Donald Trump, Jordan, McCarthy, Joe Biden, Jonathan Ernst, Andrew Bates, –, Matt Gaetz, Republican Tom Emmer, Joe Biden's, Trump, Emmer, Steve Scalise's, David Morgan, Moira Warburton, Richard Cowan, Makini Brice, Susan Heavey, Scott Malone, Stephen Coates, Jane Merriman Organizations: U.S . House, Republicans, Republican, Lawmakers, Former U.S, Wednesday, Democratic, Senate, U.S, Capitol, REUTERS, GOP, House Republicans, Trump, Emmer, Thomson Locations: East, Ukraine, Louisiana, Washington, Washington , U.S, Israel, U.S

☆ Two US House Republicans expected to make pitch for speaker's gavel
▼ + stars: | 2023-10-10 | by ( David Morgan | ) www.reuters.com time to read: +4 min

[1/5] U.S. House Majority Leader and candidate for next U.S. Speaker of the House Steve Scalise (R-LA) arrives for a meeting with members of Florida's House of Representatives, after Kevin McCarthy was ousted as House speaker, at the U.S. Capitol in Washington, U.S., October 10, 2023. It took only eight Republicans to oust McCarthy last week, a fact that could make leading the caucus a challenge for any new speaker. Scalise appeared to have the support of many veteran and establishment Republicans including party leaders, while Jordan drew endorsements from others including Trump-style populists. Other candidates could also emerge, including McCarthy, who continues to have support among a number of Republicans and said on Monday he would take the job back if asked to by House Republicans. But not all House Republicans agree that the chamber should move quickly to replace McCarthy.

Persons: Steve Scalise, Kevin McCarthy, Leah Millis, Jim Jordan, Ralph Norman, McCarthy, Jordan, Donald Trump, Scalise, Representative Patrick McHenry, McHenry, Israel, Max Miller, David Morgan, Moira Warburton, Scott Malone, Lincoln, Grant McCool Organizations: ., Florida's, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Trump, House Republicans, Representative, Palestinian, Hamas, Thomson Locations: Washington , U.S, Tuesday's

☆ Feinstein's death poses two big questions for US Senate Democrats
▼ + stars: | 2023-09-29 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

Filling the 90-year-old lawmaker's seat on the Senate Judiciary Committee touches one of the most critical levers of partisan power in Washington and will require cooperation from Republicans. "There is simply nobody who possessed the poise, gravitas and fierceness of Dianne Feinstein," Newsom said. JUDICIARY VACANCYFeinstein's death leaves a 10-10 deadlock on the Judiciary Committee, which is in charge of reviewing presidential nominations to federal courts, including the U.S. Supreme Court. With the Republican-controlled House blocking most attempts at bipartisan legislation, the Democratic Senate has focused this year on approving Democratic President Joe Biden's judicial nominees. Senate Republicans said on Friday they do not intend to contest a move to replace Feinstein on the committee after her death.

Persons: Dianne Feinstein, Gavin Newsom, Feinstein, Chuck Schumer, Schumer, NEWSOM Newsom, Newsom, Representative Barbara Lee, Adam Schiff, Katie Porter, Joe Biden's, Biden, That's, Donald Trump's, Republican Mitch McConnell, Barack Obama's, Antonin Scalia, Richard Cowan, Patricia Zengerle, Scott Malone, Cynthia Osterman Organizations: U.S . Senate, Capitol, California Democratic, Republicans, Democrats, Democratic Party, Democrat, Republican, Democratic, Liberal U.S, Representative, U.S, Committee, Supreme, Democratic Senate, Thomson Locations: Washington, WASHINGTON, U.S, California

☆ Biden's son Hunter sues IRS, alleges unlawful release of his taxes
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden walks to the motorcade after arriving at Fort McNair, after U.S. President Joe Biden spent the weekend at Camp David, in Washington, U.S., July 4, 2023. REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Sept 18 (Reuters) - President Joe Biden's son Hunter Biden sued the U.S. Internal Revenue Service on Monday, alleging unlawful disclosure of his taxes by whistleblowers who work for the U.S. tax agency. Hunter Biden is the first child of a sitting U.S. president to have been criminally indicted. Hunter Biden and prosecutors earlier had reached a plea deal over tax and gun charges, but it collapsed. Shapley and Ziegler have testified in Congress as whistleblowers about alleged political interference in an IRS investigation into Biden's taxes.

Persons: Hunter Biden, Joe Biden, Julia Nikhinson, Joe Biden's, Gary Shapley, Joseph Ziegler, Biden, Shapley, Ziegler, Donald Trump's, Trump, Makini Brice, Scott Malone, Will Dunham Organizations: Fort McNair, U.S, Camp, REUTERS, Rights, U.S . Internal Revenue Service, District of Columbia, IRS, Republicans, Republican, Committee, White, Thomson Locations: Fort, Washington , U.S, U.S

Hunter Biden walks to the motorcade after arriving at Fort McNair, after U.S. President Joe Biden spent the weekend at Camp David, in Washington, U.S., July 4, 2023. The move comes two days after House of Representatives Republicans opened an impeachment inquiry of Joe Biden related to Hunter Biden's foreign business dealings. SPECIAL COUNSEL STATUSWeiss was elevated to special counsel status in August after investigating Hunter Biden's business dealings for years as the U.S. attorney in the Democratic president's home state of Delaware. Hunter Biden has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden described in a 2021 memoir dealing with substance abuse issues in his life including crack cocaine use and alcoholism.

Persons: Hunter Biden, Joe Biden, Julia Nikhinson, Joe Biden's, Donald Trump, David Weiss, Biden, Weiss, Hunter, Abbe Lowell, Lowell, Trump, James Comer, Barack Obama, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Sarah N, Lynch, Jarrett Renshaw, Andrew Goudsward, Tom Hals, Nate Raymond, Scott Malone, Lisa Shumaker, Alistair Bell, Daniel Wallis Organizations: Fort McNair, U.S, Camp, REUTERS, Rights, Republican, of Columbia, District of California, Prosecutors, Republicans, MAGA Republicans, Supreme, Democratic, Trump, DOJ, Justice, U.S . Navy, University of Tennessee, Thomson Locations: Fort, Washington , U.S, U.S, Delaware, Los Angeles, District, Ukraine, China, Ukrainian, Washington, Wilmington , Delaware, Boston

☆ McCarthy faces threat as US House speaker despite impeachment move
▼ + stars: | 2023-09-12 | by ( David Morgan | ) www.reuters.com time to read: +4 min

U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - U.S. House Speaker Kevin McCarthy will confront a fractured caucus on Wednesday, with his role as the top Republican in Congress under threat from the far right, despite giving hardline conservatives the impeachment inquiry they wanted. McCarthy conceded to weeks of pressure from hardliners and allies of former President Donald Trump by launching a formal probe of Democratic President Joe Biden. "We cannot use impeachment as a political weapon against every president," Republican Representative Don Bacon, a Nebraska centrist, said in a statement. '," Republican Representative Bob Good said at a news conference.

Persons: Kevin McCarthy, Joe Biden, Biden, Hunter Biden, Elizabeth Frantz, McCarthy, Donald Trump, Don Bacon, Matt Gaetz, Gaetz, Chip Roy, Roy, Texas Republican shrugged, Clay Higgins, Higgins, Bob Good, Ralph Norman, David Morgan, Makini Brice, Scott Malone, Stephen Coates Organizations: Capitol, REUTERS, Rights, ., Republican, Democratic, Republicans, Texas Republican, House Democrats, Caucus, America, Thomson Locations: Washington , U.S, Nebraska, Texas, Mexico

☆ Why have US Republicans opened an impeachment inquiry into Joe Biden?
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +6 min

WHAT IS AN IMPEACHMENT INQUIRY? An impeachment inquiry is a formal step that can precede a House vote on whether to approve articles of impeachment and eventually a trial in the Senate. It did not hold a full impeachment inquiry before bringing impeachment charges in the final weeks of Trump's presidency following the Jan. 6, 2021, Capitol attack. Weiss has said prosecutors will seek to indict Hunter Biden on tax and gun charges by Sept. 29. The criminal prosecution could mean Hunter Biden may face a trial while his father is campaigning for reelection.

Persons: Joe Biden, Evelyn Hockstein, Hunter, Kevin McCarthy, Donald Trump, Trump, Biden, Trump's, acquit Trump, David Weiss, Raskin, Ian Sams, Hunter Biden, Devon Archer, Jamie Raskin, Archer, McCarthy, Matt Gaetz, Marjorie Taylor Greene, Dick Durbin, HUNTER BIDEN, Weiss, Hunter Biden's, Makini Brice, Scott Malone, Daniel Wallis Organizations: World Trade, Joint Base Elmendorf, REUTERS, . House, Republicans, Democratic, Senate, Republican, Constitution, Capitol, Justice, Trump ., Committee, Democratic Party, Thomson Locations: Richardson, Anchorage , Alaska, U.S, Ukraine, Ukrainian

☆ No. 2 U.S. House Republican Scalise diagnosed with blood cancer
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

U.S. House Majority leader Steve Scalise (R-LA) speaks during a press conference following a Republican conference meeting on Capitol Hill in Washington, U.S., July 12, 2023. REUTERS/Evelyn Hockstein/File photo Acquire Licensing RightsWASHINGTON, Aug 29 (Reuters) - U.S. House of Representatives Republican leader Steve Scalise said on Tuesday he has been diagnosed with multiple myeloma, a common form of blood cancer. 2-ranking Republican in the House, was injured in a shooting in 2017, when a gunman attacked lawmakers practicing for an annual charity baseball game. Scalise underwent several surgeries to repair internal organs and broken bones following the assault. U.S. Representative Jamie Raskin, a Democrat, said in December that he had been diagnosed with a form of lymphoma.

Persons: Steve Scalise, Evelyn Hockstein, Scalise, Jamie Raskin, Raskin, Jasper Ward, Makini Brice, Rami Ayyub, Jonathan Oatis Organizations: Republican, Capitol, REUTERS, Rights, . House, U.S, Thomson Locations: Washington , U.S, Louisiana

☆ US House Republicans launch probe of Atlanta DA in Trump election case
▼ + stars: | 2023-08-24 | by ( David Morgan | ) www.reuters.com time to read: +4 min

"The federal government has a substantial interest in the welfare of former presidents," Jordan wrote in a five-page letter to Willis. "And because this former president is a current candidate for that office, the indictment implicates another core federal interest: a presidential election," Jordan said. The House investigation was disclosed three days after Trump accused Willis on his social media platform of "continuing to campaign, and raise money on, this WITCH HUNT. In the case brought by Willis, Trump was accused of unlawfully pressuring Georgia state officials to reverse his 2020 election loss to Biden in the state. House Republicans have sought to defend Trump in the four cases by alleging that the U.S. justice system has been "weaponized" against him by Biden.

Persons: Fani Willis, Donald Trump, Elijah Nouvelage, Jim Jordan, Trump, Willis, Jack Smith, Jordan, Attorney Alvin Bragg, Bragg, Smith, Joe Biden, Biden, HUNT, Joe Biden's, David Morgan, Will Dunham, John Stonestreet Organizations: REUTERS, Rights, . House, U.S . Justice Department, Attorney, Trump, Republican, Democrat, Justice Department, Joe Biden's DOJ, Biden, House Republicans, Thomson Locations: Fulton County, Atlanta , Georgia, U.S, Georgia's Fulton County, Manhattan, Atlanta, Georgia

☆ US House Republicans seek to expunge Trump impeachments
▼ + stars: | 2023-06-23 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Trump was just the third U.S. president to be impeached by the House and is the only one in U.S. history to have been impeached twice. Georgetown University Law Professor Jonathan Turley, whose expert advice Republicans sometimes seek, noted that the U.S. Constitution contains no provision for expunging impeachments. Greene's two-page resolution would expunge the 2019 impeachment, saying he was "wrongfully accused of misconduct." That won't stop the Republicans from doing it, and it's just further placating Donald Trump," said Representative Dan Goldman, who was lead Democratic counsel in the 2019 impeachment. On Wednesday, House Republicans censured Democratic Representative Adam Schiff over his leading role in the 2019 Trump impeachment.

Persons: Elise Stefanik, Sarah Silbiger, Donald Trump's staunchest, Marjorie Taylor Greene, Trump, Jonathan Turley, Turley, expungement, it's, Donald Trump, Dan Goldman, Greene, Trump's, Joe Biden, Christopher Wray, Adam Schiff, Steve Scalise, Schiff, Lauren Boebert, David Morgan, Scott Malone, Daniel Wallis Organizations: GOP, Caucus, U.S, Capitol, Washington , D.C, REUTERS, WASHINGTON, Congress, Representatives Republican, Republicans, Democratic, Georgetown University, U.S . Constitution, Democrats, U.S . Capitol, Biden, Thomson Locations: Washington ,, Ukraine, U.S ., New York, U.S

☆ U.S. House Republicans target deeper spending cuts, raising shutdown threat
▼ + stars: | 2023-06-15 | by ( David Morgan | ) www.reuters.com time to read: +2 min

That is about $120 billion below the $1.59 trillion set out in the debt ceiling bill negotiated by Biden and McCarthy. The targets would maintain defense spending at the $866 billion level agreed in the debt ceiling legislation. "The debt ceiling bill set a ceiling, not a floor, for fiscal year 2024 bills. Lower spending levels could make it harder for the House to reach agreement with the Democratic-led Senate. Federal agencies could have to shut down if the two chambers are unable to agree to spending levels by October.

Persons: Kevin McCarthy, Joe Biden, Biden, McCarthy, Kay Granger, Rosa DeLauro, Democratic appropriator, Steve Womack, David Morgan, Andy Sullivan, Alistair Bell Organizations: Democratic, Republicans, Food and Drug Administration, Reuters, Republican, Thomson Locations: China

☆ Oil edges lower as debt talks pause, Fed warns of high inflation
▼ + stars: | 2023-05-19 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

[1/2] The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. The less active U.S. crude contract for May , due to expire on Monday, eased 46 cents, or 0.6%, to $71.4. "It doesn't look they are going to get the debt deal done today.., the chances of a 25 basis point (rate hike) increase in the June meeting is rising by the day... Following reports of the debt ceiling negotiations and Powell's comments, U.S. stocks, Treasury yields and the dollar all moved lower. Chinese refiners maintained high runs to meet recovering domestic fuel demand and build stockpiles ahead of the summer travel season.

Trump's expected appearance before a judge in Manhattan on Tuesday, as the Republican mounts a bid to regain the presidency, could further inflame divisions in the United States. The specific charges are not yet known, though CNN reported that Trump faced more than 30 counts related to business fraud. Daniels has said she was paid to keep silent about a sexual encounter she had with Trump in 2006. Bragg said Congress does not have authority to interfere with a New York legal proceeding and accused the lawmakers of escalating political tensions. Bragg's office prosecuted Trump's business on tax-fraud charges last year, leading to a $1.61 million criminal penalty, but Trump himself was not charged.

☆ U.S. regulators say banking system 'sound and resilient'
▼ + stars: | 2023-03-24 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, March 24 (Reuters) - The multi-regulator U.S. Financial Stability Oversight Council agreed on Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors. "The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient," the Treasury said in a statement. They added that the basis of the Treasury, Fed and FDIC determinations in the SVB and Signature cases "are of particular importance." Those actions to invoke "systemic risk exceptions" were taken by Yellen, President Joe Biden, the FDIC, and the Fed, which supervised Silicon Valley and Signature. Reporting by David Lawder; additional reporting by Pete Schroeder; Editing by Diane Craft and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, March 23 (Reuters) - The Manhattan district attorney's office on Thursday accused House of Representatives Republicans of interfering in its probe of former President Donald Trump, according to a letter obtained by Reuters. Reporting by Karen Freifeld; Writing by Doina Chiacu; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.

☆ US House Republicans launch investigation of Manhattan DA in Trump probe
▼ + stars: | 2023-03-20 | by ( David Morgan | ) www.reuters.com time to read: +3 min

His fellow Republicans including House Speaker Kevin McCarthy have accused Bragg, a Democrat, of abuse of power and using his office to pursue a political agenda. McCarthy had also said he would direct House committees to determine whether federal funds have been used in the district attorney's probe. The letter was signed by House Judiciary Committee Chairman Jim Jordan, House Oversight Committee Chairman James Comer and House Administration Committee Chairman Bryan Steil. "Congress has no jurisdiction to investigate the Manhattan DA, which receives no federal funding nor has any other federal nexus," added Goldman, who was lead counsel in a 2019 House impeachment of Trump. Trump, who is seeking the 2024 Republican presidential nomination, has said he would continue campaigning even if charged with a crime.

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