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☆ Bank Regulator Overseeing ‘Toxic’ Culture Loses Key Supporter in Senate
▼ + stars: | 2024-05-20 | by ( Emily Flitter | ) www.nytimes.com time to read: +1 min

He called for Mr. Biden to nominate a successor and for the Senate to quickly confirm that person, who could then take over for Mr. Gruenberg. “There must be fundamental changes at the F.D.I.C.,” Mr. Brown said. “Those changes begin with new leadership, who must fix the agency’s toxic culture and put the women and men who work there — and their mission — first.”An F.D.I.C. spokesman declined to comment. Since then, Mr. Gruenberg has faced some calls to resign from members of both political parties who said they felt he had played too big a role in shaping the agency’s culture in recent years, including by making the agency’s staff fear communicating with him.

Persons: Sherrod Brown of, Biden, Martin Gruenberg, Brown, Gruenberg, ” Mr, Cleary Gottlieb Organizations: Federal Deposit Insurance Corporation, Banking Committee, Senate, Mr, Street Locations: Sherrod Brown of Ohio

☆ Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
▼ + stars: | 2024-05-14 | by ( Emily Flitter | ) www.nytimes.com time to read: +1 min

Just days after the release of a scathing report detailing a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation, its chair, Martin Gruenberg submitted congressional testimony on Tuesday that indicated he had no plans to step down. “I accept the findings of the report and, as chairman, I take full responsibility,” he said. The hearings come as Mr. Gruenberg, a Democrat, faces calls from Republican lawmakers to resign. He has so far survived those demands with the backing of the White House and key Democratic lawmakers like Senator Sherrod Brown of Ohio, Senator Elizabeth Warren of Massachusetts and Representative Maxine Waters of California. Should Mr. Gruenberg be pressured to depart the agency after the hearings, that could also put into jeopardy a rule that the agency is proposing along with other federal bank regulators, to tighten and expand oversight of the nation’s largest lenders, but which has been fiercely opposed by big banks.

Persons: Martin Gruenberg, Gruenberg, ”, Sherrod Brown of, Elizabeth Warren of, Maxine Waters Organizations: Federal Deposit Insurance Corporation, Financial, Democrat, White, Elizabeth Warren of Massachusetts Locations: Sherrod Brown of Ohio, California

☆ Democrats could go even further than before if they sweep the White House, Senate, and House again
▼ + stars: | 2024-04-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

But there's a not-insignificant chance that not only does Trump lose again, but that Democrats find themselves once again in control of the White House, the Senate, and the House of Representatives at the beginning of 2025. Democrats are broadly seen as favored to retake the House, with nearly 20 House Republican incumbents fighting to hold on in districts won by Biden in 2020. Jon Tester of Montana and Sherrod Brown of Ohio will have to win in order for Democrats to maintain the Senate majority. Biden supports it, and House Democrats have already voted for it twice, once in 2021 and again in 2022. AdvertisementManchin and Sinema, two key obstacles to Biden's party-line agenda, won't be in the Senate next year.

Persons: Biden's, —, Donald Trump, It's, Sens, Kyrsten Sinema, Joe Manchin, Joe Biden's, Biden, Trump, Kamala Harris, Jon Tester, Sherrod Brown, Chip Somodevilla, Roe, Wade, Sinema, Manchin, Jabin, Progressive Caucus's, that's Organizations: Service, Trump, White, Senate, Democratic, Biden, Republican, Montana, Getty, House Democrats, Washington, Democrats, Progressive Locations: California, New York, Arizona, Ohio, Montana, Arizona , Pennsylvania, Wisconsin, Michigan, Washington

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ Ohio GOP Senate nominee Bernie Moreno benefited from the kind of diversity initiative that Republicans hate
▼ + stars: | 2024-03-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewBernie Moreno, the GOP nominee for US Senate in Ohio, has long staked his political identity on the car dealership empire he once oversaw. Related storiesBut Moreno benefited from Mercedes-Benz's push for diversity in more ways than one. "They wanted a minority operator there," Moreno said during the 2014 hearing, according to a transcript obtained by Business Insider. Despite Moreno acknowledging that he benefited from Mercedes-Benz considering diversity when deciding who could buy the dealership, he maintains that he is opposed to affirmative action programs. Moreno is set to face incumbent Democratic Sen. Sherrod Brown of Ohio in a race that could determine which party controls the Senate.

Persons: —, Bernie Moreno, Moreno, Roger Penske, Mercedes, Reagan McCarthy, Bernie, McCarthy, Democratic Sen, Sherrod Brown of, Brown, Donald Trump Organizations: Service, GOP, US, Business, Republicans, Penske Corporation, Benz, Penske, YWCA Greater, Mercedes, Penske Automotive Group, Democratic Locations: Ohio, Colombia, United States, Boston, North Olmsted , Ohio, Arizona —, YWCA Greater Cleveland, Florida, Chandler , Arizona, Sherrod Brown of Ohio, Massachusetts

☆ Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +1 min

Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. "Artificially low-priced Chinese EVs flooding the U.S. would cost thousands of American jobs and endanger the survival of the U.S. automotive industry as a whole." Auto industry officials told Reuters last month Biden is considering hiking tariffs on Chinese EVs and the letter is the latest in growing pressure on the White House to take further steps to prevent Chinese vehicle imports. The senators also asked Commerce to focus on the threat from potential imports of "highly connected Chinese vehicles and high-risk China-controlled connected and autonomous technologies."

Persons: Biden, Gary Peters, Debbie Stabenow of, Sherrod Brown, Gina Raimondo, Katherine Tai, USTR Organizations: Reuters, Auto, . Trade, Commerce Locations: U.S, Debbie Stabenow of Michigan, Sherrod Brown of Ohio, China

☆ Even Cookie Monster is complaining about the US economy now
▼ + stars: | 2024-03-04 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he hates it. Me cookies are getting smaller,” Cookie Monster wrote. “Household paper products, like toilet paper and paper towels, are 34.9 percent more expensive per unit than they were in January 2019. The latest Consumer Price Index showed that inflation didn’t ease in January as much as Wall Street was expecting. Americans’ attitudes toward the economy have improved recently, thanks to slowing inflation, according to consumer surveys, but remain below levels seen before the Covid-19 pandemic.

Persons: “, “ Guess, Democratic Sen, Bob Casey, It’s, Sherrod Brown, Cookie, ”, Joe Biden, Biden, shrinkflation, ” Biden, Casey, Jerome Powell, Powell Organizations: DC CNN, Democratic, Labor Department, Research, of, Federal Trade Commission, Fed Locations: Washington, Ohio

☆ In the fight for the Senate, Mitch McConnell projects confidence: 'This is the best map I've seen in a long time'
▼ + stars: | 2024-02-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Mitch McConnell likes the GOP's chances this fall as they seek to regain control of the Senate. "I think that this is the best map I've seen in a long time," he recently told The Washington Post. Democrats and Republicans will be fighting an intense battle amid a likely Biden-Trump rematch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "I think that this is the best map I've seen in a long time," the veteran Kentucky lawmaker told the Post.

Persons: Mitch McConnell, —, Joe Biden, Donald Trump, Sen, Joe Manchin, Democratic Sens, Sherrod Brown of, Jon Tester, Montana, Chuck Schumer, Tim Sheehy of Montana, David McCormick of, Schumer, Biden, George W, Bush Organizations: Washington Post, Democrats, Biden, Trump, Service, GOP, West Virginia Democrat, Republicans, Democratic, New York Democrat, White Locations: Georgia, Sherrod Brown of Ohio, Arizona , Maryland , Michigan, Pennsylvania, Wisconsin, David McCormick of Pennsylvania, Israel

WASHINGTON (AP) — President Joe Biden on Wednesday vetoed a Republican measure that would have blocked a White House waiver that allows some foreign-made content in federally funded chargers for electric vehicles. The White House said the GOP plan would actually block made-in-America requirements, since it would revert U.S. policy to a 1980s rule that allows foreign content in U.S. manufacturing. The GOP bill "would eliminate the domestic manufacturing requirement for electric vehicle chargers, thereby harming domestic manufacturing and American jobs,'' Biden said in a veto statement. If enacted, the GOP resolution would revert U.S. policy to a 1983 rule that waives domestic requirements for many manufactured products. The Senate approved the measure, 50-48, i n November, despite a White House veto threat.

Persons: Joe Biden, Biden, Reagan, ”, Sen, Marco Rubio, Democratic Sens, Sherrod Brown of, Joe Manchin, Jon Tester, Kyrsten, Rubio Organizations: WASHINGTON, Wednesday, Republican, GOP, EV, Democratic, Biden, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago, America Locations: America, U.S, People’s Republic of China, China, United States, Florida, Sherrod Brown of Ohio, West Virginia, Montana, Arizona

☆ Democratic senators want to keep Trump on the ballot in 2024, even as he faces potential disqualification under the 14th amendment
▼ + stars: | 2024-01-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewThe Supreme Court could soon rule on whether former President Donald Trump can be disqualified from appearing on 2024 ballots under the 14th Amendment to the US Constitution. That's the answer to me, period," said Democratic Sen. Sherrod Brown of Ohio. Many of his potential voters are likely sympathetic to the arguments made by the former president and his allies — that disqualifying Trump via the 14th amendment is itself undemocratic. "So I hope the Supreme Court does an honorable, non-political job of evaluating the situation." "The [Supreme Court] will decide the legal issue of whether the 14th amendment applies."

Persons: —, Donald Trump, Democratic Sen, Sherrod Brown, Trump, disqualifying Trump, Sen, Elizabeth Warren of, Joe Biden, Shana Bellows, Bellows, Michael Bennet of Colorado, Tim Kaine, Jamie Raskin, Maryland, Jeff Merkley, who's, Bernie Sanders of, Richard Blumenthal, Fetterman, That's Organizations: Service, Trump, Democratic, Business, Colorado Supreme, United States Supreme, Capitol, Committee, Daily Locations: Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, Colorado, Maine, New Mexico, Virginia, Oregon, Bernie Sanders of Vermont, Richard Blumenthal of Connecticut

☆ IRS postpones rule change on digital payment reporting for small businesses and side hustles
▼ + stars: | 2023-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.

Persons: “, ”, Danny Werfel, –, Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana

Crypto companies have been expanding in Washington to combat growing regulatory scrutiny, especially from the SEC which says the industry has been flouting its rules. "Everybody wants to make sure that what they're doing isn't going to be erased by the government," said Kara Calvert, head of U.S. policy at Coinbase, referring to the crypto industry. A House vote before year-end is possible, but the outlook is dimmer in the Senate, where industry-friendly crypto bills have failed to gain traction. And Senate Banking Committee Chair Sherrod Brown of Ohio has shown little interest in making it a priority to advance the House bills. "The last thing we need is for the crypto industry to write their own rulebook — too many Ohioans have been burned by fraud and scams," said Brown in a statement to Reuters.

Persons: Dado Ruvic, Katherine Dowling, Coinbase, OpenSecrets, Brian Armstrong, Kara Calvert, Mark Hays, Sherrod Brown of, Brown, Ian Katz, Hannah Lang, Michelle Price, Richard Chang Organizations: REUTERS, Coinbase, Financial, National Defense, U.S . Securities, Exchange Commission, SEC, Binance, Reuters, OpenSea, Financial Reform, Senate, Capital Alpha Partners, Thomson Locations: Washington, NFTs, Sherrod Brown of Ohio, Ohio

He has again stepped down as chairman of the Foreign Affairs panel, as per Senate Democratic caucus rules, but has otherwise made clear that he’s not going anywhere. Political Cartoons View All 1182 ImagesThe calls for his resignation are in sharp contrast, though, to his first case. It also puts increased pressure on Senate Majority Leader Chuck Schumer and other Democratic leaders who have so far stopped short of recommending that Menendez step down. Booker said it is a “mistake” for Menendez to say that stepping down would be unfair as the case has not been tried. Also calling for Menendez to step down on Monday were Democratic Sens.

Persons: — Democratic Sen, Cory Booker, Sen, Bob Menendez, ”, Menendez, Nadine, ” Menendez, Chuck Schumer, Booker, ” Booker, Democratic Sens, Tammy Baldwin of, Jon Tester, Montana, Jacky Rosen of, Bob Casey of Pennsylvania, Michael Bennet of Colorado, Martin Heinrich of, John Fetterman of, Peter Welch of, Sherrod Brown of, Phil Murphy Organizations: WASHINGTON, — Democratic, New, New Jersey Democrat, Democratic, Foreign Relations Committee, Foreign Affairs, Hudson, College’s, clubby Senate, New Jersey Gov Locations: New Jersey, Egypt, Jersey, Hudson County, Union City, clubby, Jerseyans, Tammy Baldwin of Wisconsin, Jacky Rosen of Nevada, Martin Heinrich of New Mexico, John Fetterman of Pennsylvania, Peter Welch of Vermont, Sherrod Brown of Ohio

☆ 'Just shut your mouth:' Populist Republicans back UAW workers' demands while slamming union leadership
▼ + stars: | 2023-09-26 | by ( Bryan Metzger | Nora Naughton | ) www.businessinsider.com time to read: +11 min

Hawley and Vance support striking auto workers, but they're not on the same page as union leadership. AdvertisementAdvertisementAs strikes at auto manufacturing plants continue across the country, some populist-minded Republicans are breaking from their party's long-standing orthodoxies and backing the United Auto Workers' demands. Last week, Fain even slammed Donald Trump as part of the "billionaire class" following the news that the former president would address union workers in Michigan this week. So far, the only company that has figured out how to squeeze consistent profits out of electric cars is Tesla, which does not use more union labor. The union is now aiming to rebuild its reputation and influence in automotive labor and the labor movement writ large.

Persons: Hawley, Vance, they're, It's, —, what's, Sen, JD Vance, Ohio, Josh Hawley, Biden, Shawn Fain, They've, Fain, Donald Trump, Sherrod Brown, Brown, we've, Detroit's Ford, Matt Wegener, Wegener, EVs, Charmonique Demings, Trump —, Trump Organizations: PRO, Service, United Auto Workers, Republicans, UAW, GM, Stellantis, Biden's, Democrat, Michigan Assembly, Ford's Michigan, Trump, US, Detroit —, National Labor Relations Board, Supreme, Bloomberg, Biden, Battery, EV, Volkswagen, Tesla, Republican, Ford, Democratic, Democratic Party, American Locations: Josh Hawley of Missouri, China, Wentzville , Missouri, Michigan, Ohio, Detroit, Trump's Michigan, States, Mexico, Canada, Missouri

☆ Biden's labor secretary pick may not have the votes. She also may not need them.
▼ + stars: | 2023-07-13 | by ( Liz Brown-Kaiser | Sahil Kapur | ) www.cnbc.com time to read: +7 min

The Senate is stalled on President Joe Biden's pick for secretary of labor, Julie Su, and Democrats face a conundrum on how to proceed. But Su, who currently serves as the acting labor secretary, could just keep running the department anyway. Federal law places no limits on how long Su can serve as acting labor secretary without being confirmed. He said he wants a voice for "both labor and industry" in the labor secretary role. Any Senator who voted to confirm Secretary [Marty] Walsh should vote to confirm Acting Secretary Su, too.

Persons: Julie Su, Joe Biden's, Su, Biden, Sen, Bernie Sanders, Kyrsten Sinema, Jon Tester, Joe Manchin, pushback, there's, Mazie Hirono, haven't, She's, she'll, she's, Mark Kelly, John Hickenlooper, I'm, Su aren't, Tester, you've, Manchin, Bill Cassidy of, Sinema, Tammy Duckworth, Marty, Walsh, We're, Sherrod Brown, Elizabeth Warren of, Chuck Schumer Organizations: Health, Education, Labor, Capitol, Labor Department —, Pensions, Su's, Democrats, HELP, Su's Democratic, White, Department, Democratic Locations: Washington, American, Sens, Hawaii, Bill Cassidy of Louisiana, Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts

☆ Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections
▼ + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications from fraud. The letters were sent to PayPal president and CEO Dan Shulman and Cash App CEO Brian Grassadonia. PayPal, Venmo and Cash App did not immediately respond to a request for comment from CNBC. Cash App transactions also brought in over $203 billion in inflows among 51 million monthly users as of December 2022, according to a Block annual report. The letter is part of an ongoing inquiry into P2P platform consumer safety spearheaded by Warren over the past several years.

Persons: Sen, Sherrod Brown of, Massachusetts Sen, Elizabeth Warren, Rhode Island Sen, Jack Reed, Jack Reed and New Jersey Sen, Bob Menendez, Dan Shulman, Cash, Brian Grassadonia, PayPal's, Warren, Menendez, Reed Organizations: PayPal, Massachusetts, Block, CNBC, Pew Research Center Locations: WASHINGTON, Sherrod Brown of Ohio, Rhode Island, Jack Reed and New Jersey

☆ Dozens of Democrats defend CFPB at Supreme Court as case threatens its existence
▼ + stars: | 2023-05-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — Over 140 current and former Democratic lawmakers filed an amicus brief in the Supreme Court on Monday to defend the country's leading consumer protection agency from challenges to its regulatory authority. Brown chairs the Senate Banking Committee while Waters is the ranking member of the House Financial Services Committee. The Supreme Court agreed to hear arguments in the case in February, four months after a federal appeals court panel unanimously ruled that the CFPB's funding method was unconstitutional. The Biden administration appealed the 5th Circuit's decision to the Supreme Court, but a final decision could be delayed until June 2024 to hear other arguments in the case. In the brief, lawmakers said succinctly that "the judgment should be reversed."

☆ Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling
▼ + stars: | 2023-05-01 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and held up the sale of its assets to JP Morgan Chase as a successful public-private collaboration to protect the U.S. financial system. His statement contrasted from the reaction of the Senate banking committee's chairman, Democratic Sen. Sherrod Brown of Ohio. He did not directly respond to the federal intervention, choosing instead to direct his ire at the failed bank. "First Republic Bank's risky behavior, unique business model, and management failures led to significant problems, and it's clear we need stronger guardrails in place," Brown said in a statement. "We must make large banks more resilient against failure so that we protect financial stability and ensure competition in the long run."

☆ Norfolk Southern reports $387 million charge for the first quarter after East Palestine derailment
▼ + stars: | 2023-04-26 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. Norfolk Southern on Wednesday reported an initial $387 million charge associated with the company's East Palestine, Ohio, derailment in February, which spilled toxic chemicals into the environment. Norfolk Southern said income from railway operations for the quarter was $711 million, down 34% from the same period in 2022. Excluding the East Palestine derailment, income from railway operations was $1.1 billion, up 1% compared to the same period the year prior. Norfolk Southern did not announce estimates for further charges related to the East Palestine derailment.

☆ JPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’
▼ + stars: | 2023-04-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the economy for years to come, said JPMorgan Chase CEO Jamie Dimon on Tuesday. He said that SVB’s high Interest rate exposure and large amount of uninsured deposits were already well-known to both regulators and to the marketplace at large. Current regulations, he argued, could actually lull banks into complacency without actually addressing real system-wide banking issues. Lawmakers in Congress, including Democratic Sen. Sherrod Brown of Ohio, have suggested that new legislation meant to regulate banks is in the works. But, wrote Dimon, “the debate should not always be about more or less regulation but about what mix of regulations will keep America’s banking system the best in the world.”

☆ Senators unveil new rail safety bill in wake of toxic Ohio derailment
▼ + stars: | 2023-03-30 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

John Fetterman and Bob Casey of Pennsylvania and Sherrod Brown of Ohio – would build on provisions of the bipartisan Railway Safety Act. Brown and his fellow senator from Ohio, Republican J.D. Norfolk Southern CEO Alan Shaw endorsed parts of the bipartisan bill. The Feb. 3 derailment in East Palestine, Ohio, released toxic chemicals into the environment. Shaw said Norfolk Southern would continue to support cleanup efforts in the area.

☆ Republican senators could be stuck in the minority 'for the rest of the decade' if GOP doesn't flip chamber in 2024, campaign chair warns
▼ + stars: | 2023-03-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The head of the Senate GOP's campaign arm spoke this week about the stakes of the 2024 Senate races. Sen. Steve Daines said his party could be in the minority for the "rest of the decade" if they don't win in 2024. "We either deliver a majority in '24, or we are in the minority as Republican Senate for the rest of the decade," said Daines. In addition to those states, the GOP has potential pick-up opportunities in swing states like Arizona, Wisconsin, Michigan, and Pennsylvania. Yet despite a general geographical advantage in the Senate, Republicans have struggled to attain a lasting majority.

☆ Senate GOP populists push Republican colleagues to back railway regulations, arguing 'their voters' are the most affected by disasters
▼ + stars: | 2023-03-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Vance, Hawley, and Rubio are touting a bill to enact new regulations on the rail industry. They're trying out a new argument for their Republican colleagues: these are your voters. Josh Hawley of Missouri, and Marco Rubio of Florida, are touting the Railway Safety Act of 2023. "When derailments occur, it is predominantly Republican voters—their voters—who bear the brunt and who rush to put out the fires." "Look, I think if the vote were held today, we'd get 65 votes in the Senate," he told Insider.

☆ Senate confirms Eric Garcetti as U.S. ambassador to India
▼ + stars: | 2023-03-15 | by ( Sahil Kapur | Frank Thorp V | ) www.cnbc.com time to read: +3 min

The Senate voted 52-42 on Wednesday to confirm former Los Angeles mayor Eric Garcetti to be the next U.S. ambassador to India. The long-delayed Garcetti nomination grew unusually contentious and sparked some last-minute drama. Several Democrats voted against advancing his nomination, but enough Republicans backed Garcetti to give the U.S. its first permanent ambassador to India under President Joe Biden, more than two years into his term. "The United States-India relationship is extremely important, and it's a very good thing we now have an ambassador," Senate Majority Leader Chuck Schumer, D-N.Y., said. But a group of Republicans voted yes and helped secure the necessary support, including Sens.

☆ Live updates: East Palestine, Ohio train derailment Senate hearing
▼ + stars: | 2023-03-09 | by ( Chris Isidore | Aditi Sangal | ) edition.cnn.com time to read: +2 min

In the lead-up to a Senate committee hearing on the toxic train derailment that spilled chemicals in the Ohio town of East Palestine last month, a bipartisan group of senators is introducing a new bill aimed at shoring up rail safety. The Railway Safety Act of 2023 will be introduced by Republican Sens. Vance of Ohio, Marco Rubio of Florida and Josh Hawley of Missouri, and Democratic Sens. It has a provision requiring “well-trained, two-person crews aboard every train.” And it boosts the maximum fines for rail carriers for wrongdoing. Data compiled by the nonprofit OpenSecrets show that Norfolk Southern, the company involved in the Ohio derailment, spent $1.8 million on federal lobbying last year.

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