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Andrew Cuomo to the Department of Justice, alleging he made “criminally false statements” during closed-door testimony in June 2024. In the Republican-led committee’s referral, it says Cuomo “knowingly and willfully made materially false statements” to the panel during its investigation into the New York’s Covid-19 response. Cuomo also denied having discussions about the July 6 report being peer reviewed, according to the panel, which said documents show otherwise. The panel said Cuomo was not under oath during his testimony but was required to answer questions truthfully to Congress. Cuomo’s plan to centralize the pandemic response in the governor’s office also has received criticism, including from an independent report commissioned by his successor, Gov.
Persons: Andrew Cuomo, General Merrick Garland, Cuomo “, , Cuomo, , Rich Azzopardi, ” Azzopardi, Rita Galvin, Galvin, Elise Stefanik, Brad Wenstrup, ” Wenstrup, “ You’re, Trump, ” Cuomo, Kathy Hochul Organizations: U.S, New York Gov, Department of Justice, Republican, of Health, U.S . Rep, , Ohio Republican Locations: New York,
And the legal challenges could continue for weeks or months to come. The legal team also relies on a team of advisers, including longtime Biden lawyer Bob Bauer, who advises on litigation strategy and voter protection, and former US Solicitors General Don Verrilli and Seth Waxman. In addition, the Harris legal team is supported by a “field counsel” program that coordinates with local firms in each state that can provide specialized knowledge about election law and procedures in each jurisdiction. Sources close to the Trump legal team say they have not only focused on recruiting legal firepower but on identifying viable legal challenges. “What we have to do is protect every voter and every vote, which is what we’re doing,” said Remus, of the Harris legal team.
Persons: Donald Trump’s, Gineen Bresso, David Warrington, Trump, , , Dana Remus, Joe Biden, Kamala Harris, ” Remus, Remus, Barack Obama’s, Obama, Marc Elias, , Bob Bauer, Don Verrilli, Seth Waxman, Harris, ” Bresso, ” Mike Davis, They’ve, ‘ We’ve, We’ve, we’ve, “ Trump, Davis, ” CNN’s Casey Gannon Organizations: CNN, Republican, Warrington, GOP, Republican National Committee, White, Democratic, Trump, Biden, US, Republicans, RNC, Commission, Capitol Locations: Washington, DC, North Carolina, Georgia, Florida
The campaigns for Vice President Kamala Harris and former President Donald Trump both have teams of clippers. (Coincidentally, earlier in the day, Harris had announced plans for an opportunity economy task force for the island.) Most clips aren’t so cataclysmic, but evidence of the “clippers election” can be found all throughout the campaign season. Trump’s campaign account on X, dubbed @TrumpWarRoom, pushes out promotional video clips day in and day out. The Harris campaign does the same with @KamalaHQ.
Persons: Kamala Harris, Donald Trump, Aaron Rupar, Tony Hinchcliffe, Kamala Harris’s, Harris, Trump, Hinchcliffe, Ohio Sen, JD Vance, Ron Filipkowski, Vance, “ Tucker Carlson, , assailing, Joe Biden, Biden, Rupar, “ MAGA, ” Rupar, Castro, Michelle Obama, Joe Rogan’s Organizations: New, New York CNN, Madison, Puerto Ricans, Puerto Rican, Trump, Social, Ohio, Republican, CNN ricocheted, Republican National, YouTube, Vox, CNN, Locations: New York, Puerto Rico, Puerto, Michigan
Chart of the day: ServiceNow
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the day: ServiceNowThe Investment Committee’s @Jason_Snipe breaks down why he owns ServiceNow after it beat earnings estimates.
They previously hired Thomas Lane, another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Findlay has worked closely with Mitchell, who helped Trump try to overturn the 2020 election. Republicans on the committee previously hired another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Emails obtained by CNN show that Lane was involved in the planning of who would serve as fake electors in Arizona, collecting contact information and discussing where the fake electors would meet. Lane was slated to be a substitute elector if there were absences on the day the fake electors in Arizona met, documents obtained by CNN show.
Persons: Donald Trump, Bryan Steil of, Joshua Findlay, Thomas Lane, Trump, Mark Meadows, Cleta Mitchell, Georgia’s, Bryan Steil, , Findlay, ” Findlay, Mitchell, , Lane, ” Lane, Kenneth Chesebro, Kelli Ward, Steil, ” Steil, ActBlue, Steil’s, “ It’s, ” CNN’s Marshall Cohen, Zachary Cohen, Paula Reid Organizations: CNN — House Republicans, GOP, Trump, Capitol, Administration, Republicans, CNN, Republican National Committee, Conservative Partnership Institute, Network, , Republican National Committee’s, Coalition, Department of Justice, Democratic, Democrat Party Locations: Bryan Steil of Wisconsin, Arizona, Georgia, ActBlue, Juneau , Wisconsin
Billionaire tech mogul Elon Musk has forcefully ramped up his efforts to help re-elect former President Donald Trump, raising eyebrows across the political world and inviting questions about the legality of some of his tactics. Meanwhile, news reports have chronicled some of the issues facing America PAC, a political action committee funded by Musk to help boost Trump in the home stretch of the campaign. The two men rallied together earlier this month in Butler, Pennsylvania, where the former president survived an assassination attempt over the summer. The giveaway plan was met with immediate pushback from some election law experts. Rick Hasen, a law professor at UCLA and an NBC News election law analyst, wrote in a post on his website Saturday that the payments were “clearly illegal.”“Essentially what you’re doing is you are creating a lottery.
Persons: Elon Musk, Donald Trump, Musk, , Trump, , MAGA, , Jocelyn Benson, ” Musk, Rick Hasen, ” Hasen, Josh Shapiro, Kamala Harris, ” Trump, Harris, Mark Cuban, Cuban Organizations: Republican, America PAC, Trump, SpaceX, Tesla, GOP, Reuters, Guardian, PAC, NBC News, Systems, Dominion, UCLA, NBC, . Pennsylvania, Democrat, Press, Federal, Democratic, Cuban Locations: Pennsylvania, Arizona, Nevada, Butler , Pennsylvania, Michigan, U.S, Folsom , Pennsylvania, Philadelphia, Maricopa County, Philadelphia County, Harrisburg , Pennsylvania
By Thursday evening, after a series of court battles and escalating appeals, the Texas Supreme Court had issued a temporary stay of execution. The AG is representing TDCJ, and is calling the shots, while simultaneously attacking the underlying subpoena before the Texas Supreme Court. We expected that the subpoena would be honored pursuant to Texas law and the Committee’s intent. “It’s the entire case, and that is Mr. Roberson’s case,” Keith Findley, professor emeritus with the University of Wisconsin Law School, testified before the Texas Committee on Criminal Jurisprudence last week. The Texas Court of Criminal Appeals previously issued a stay of execution in Roberson’s case in 2016, sending a claim under Article 11.073 (among others) back to the trial court.
Persons: Robert Roberson, it’s, Roberson, Nikki Curtis –, Paroles, Gretchen Sween, Sween, Joe Moody, ” Sween, Nikki, Nikki “, , Brian Wharton, pediatricians, , ” Keith Findley, ” Dr, Antoinette Laskey, ” Dani Allen, Michael Wyke, , Roberson’s, ” Findley, ” Moody, ” CNN’s Ashley Killough, Nicole Chavez Organizations: CNN, Texas, Texas Supreme, US, Texas Attorney General’s, Texas Department, Criminal, Capitol, American Academy of Pediatrics, Palestine, US Centers for Disease Control, CDC, US Army, National Registry, Exonerations, University of Wisconsin Law School, American Academy of Pediatrics ’, Child, Appeals Locations: Texas, TDCJ, Austin, Palestine , Texas, Huntsville , Texas
CNN —Texas death row inmate Robert Roberson sat praying in a cell Thursday night, just feet from the execution chamber where he was set to die by lethal injection for the “shaken baby” death of his toddler. Just over 90 minutes before Roberson’s execution was set to begin, the House committee was able to secure a temporary restraining order against the state, pausing the execution. Roberson’s case is called into questionAdvocates for Roberson insist the diagnosis that his daughter died from shaken baby syndrome is inaccurate and has been discredited. Shaken baby syndrome is accepted as a valid diagnosis by the American Academy of Pediatrics and supported by child abuse pediatricians who spoke with CNN. Since 1992, courts in at least 17 states and the US Army have exonerated 32 people convicted in shaken baby syndrome cases, according to the National Registry of Exonerations.
Persons: Robert Roberson, Nikki, Roberson, God, , , Amanda Hernandez, Robert Roberson –, Gretchen Sween, Joe Moody, Jeff Leach, Jennifer Roberson, Robert, “ It’s, Brian Wharton, Wharton, ” Wharton, “ We’ve, ” Roberson, , Moody, Leach, Greg Abbott, Ken Paxton, pediatricians, Nikki Curtis, Nikki “, Dr, Sandeep Narang, Antoinette Laskey Organizations: CNN, Texas Supreme, Texas House, Texas Department, Criminal, Texas, US, Appeals, Criminal Justice, Division, Texans, Huntsville Unit, Texas Capitol, Texas Gov, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, Palestine , Texas
CNN —Special counsel Jack Smith on Friday released nearly 2,000 heavily redacted pages of documents in his 2020 election subversion criminal case against former President Donald Trump, revealing snippets of the evidence Smith relied on to charge the former president. The documents were released a day after Judge Tanya Chutkan rejected a bid by Trump to pause the release. Others include a myriad of claims of voter fraud during the 2020 election. The final volume includes memos from lawyer John Eastman with a plan for Pence to reject the congressional certification of the 2020 election. Prosecutors have charged Trump with four crimes stemming from his actions following his 2020 election loss, including conspiracy to defraud the United States and obstruction.
Persons: Jack Smith, Donald Trump, Smith, Trump, Mike Pence’s, , let’s, Coke, I’m, Tanya Chutkan, ” Chutkan, What’s, Here’s what’s, Pence, didn’t, John Eastman, Trump’s, Chutkan Organizations: CNN, White, Republicans, White House, Trump, Capitol, Prosecutors Locations: Georgia, Trump, United States
CAMP HILL, Pa. — Democrats have long tried to oust Rep. Scott Perry, the former head of the far-right Freedom Caucus and a staunch Donald Trump ally, in this Pennsylvania swing district. We need to be educated, we need to be safe, we need to be healthy,” she continued. And, you know, she just rattles it off,” Perry said, referring to the House Democrats’ campaign operation. On immigration, Stelson sounds much like Perry and Trump, calling for more border funding and deporting those who are in the country illegally. That takes more judges, more attorneys, and I think that people who are here illegally need to be sent home, as well."
Persons: Scott Perry, Donald Trump, Janelle Stelson, Perry, MAGA, , It’s, Trump, Joe Biden, Shamaine Daniels, Josh Shapiro, Scott Wong, “ It’s, ” Perry, She’s, “ She’s, Stelson, Andrea Mitchell, staving, Court’s Dobbs, Roe, Wade, Dobbs, ” Stelson, , doesn’t, hasn’t, Abigail Spanberger, Del, Eleanor Holmes Norton, Mike Pence, Jeffrey Clark, Mike Johnson, Johnson, Organizations: Democrats, Caucus, Capitol, Republican, Cornerstone, State Capitol, Democratic, National Democrats, Harrisburg City, GOP, NBC, House Democrats, MSNBC, ABC, WGAL, Hamas, Washington, Capitol Police, White, FBI, Intelligence Locations: HILL, Pa, Pennsylvania, Harrisburg, Pennsylvania’s 10th, Camp Hill, Washington, Iraq, Lancaster, , District, Dauphin, Cumberland
CNN —A Travis County judge granted a Texas House committee’s last-minute temporary restraining order request against the state just 90 minutes before Robert Roberson was scheduled to be executed Thursday. While authorities have not confirmed the execution is delayed, Roberson’s attorneys and the committee fighting for him told CNN they believe the execution is currently halted. “This is an injustice and his blood is on Abbott and Anderson County,” she told CNN. I did not hear his voice,” Brian Wharton, the former detective who oversaw the investigation into Nikki’s death, told state lawmakers Wednesday at a hearing featuring the case. I don’t want to be there, I don’t want to watch it happen,” Wharton told CNN.
Persons: Travis, Robert Roberson, Amanda Hernandez, Roberson, Sonia Sotomayor, ” Sotomayor, , Sotomayor, , ” Robin Maher, Greg, Abbott, Dale Wainwright, Jennifer Roberson, Brian Wharton, Roberson’s, he’s, pediatricians, Nikki Curtis, They’ve, Paroles, , Nikki, Nikki “, , Robert, ” Brian Wharton, Wharton, Gretchen Sween –, ” Wharton, John Grisham, Sween, Jeff Leach, Antoinette Laskey, ” Laskey Organizations: CNN, Texas, Texas Department, Criminal, US, Former Texas Supreme, Huntsville Unit, Supreme, GOP, Wednesday, Appeals, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, ” Texas, Travis, Huntsville, Anderson County, Anderson, Palestine , Texas
Earlier this month, Kory Langhofer resigned as the chief legal counsel for former President Donald Trump's and the Republican National Committee’s “election integrity” operation in Arizona. “There’s just a perception that [Republican lawyers] are not doing enough proactively,” a second lawyer said about staving off supposed fraud. “Is it possible we are all being gaslit by the @gop regarding a fake ‘Election Integrity’ program that doesn’t actually exist?” Wren wrote in the post. Harmeet Dhillon, attorney and member of the Republican National Committee, will oversee the GOP's legal efforts around the election in Arizona. “We are full steam ahead in our unprecedented dedication to Election Integrity,” she added.
Persons: Kari Lake’s, Kory Langhofer, Donald Trump's, Langhofer, ” “ Kari, , “ There’s, staving, Trump, Harmeet Dhillon, Dhillon doesn’t, , Lake’s, Caroline Wren, Wren, onboarded Dhillon, Dhillon, Kyle Grillot, Gina Swoboda, Swoboda, Kari Lake, Bryan Blehm, Stephen Richer, Richer, Adrian Fontes, Organizations: Republican National, White, Trump, NBC News, Arizona Republican, GOP, Republican, RNC, Lake, Republican National Committee, Bloomberg, Getty, Arizona Republican Party, NBC, Arizona Republicans, Arizona Supreme Court, Arizona voters, , , Democratic Locations: PRESCOTT, Ariz, Arizona, , California, , Maricopa County, An Arizona
The Trump campaign taps Lara Trump to encourage voters to vote early and by mail Earlier this year, the RNC co-chair voiced a robocall falsely alleging massive fraud occurred in the 2020 election due to mail ballots. Last month, at a rally in Indiana, Pennsylvania, Trump disparaged early voting, and promoted it, in the same breath. … Whether you vote early, absentee, by mail or in person, we’re going to protect the vote.”The Republican parties in Arizona and Nevada also tapped Lara Trump to voice robocalls promoting early and mail voting, despite previously echoing her father-in-law’s rhetoric on early voting. “So, get out there, encourage others to vote early and remind them just how critical this election is. When we vote, we win.”Lara Trump encourages Nevada voters to vote early and by mail The Nevada Republican Party tapped Lara Trump to encourage Nevadans to vote early and by mail.
Persons: Donald Trump’s, Hurricane Helene, Trump, Lara Trump, Trump’s, robocall, North, Hurricane Helene –, Donald Trump, Cecile Clocheret, , , Sean Morales, Doyle, ” Morales, ., Susie Wiles, Chris LaCivita, ” “, , ’ Trump, Republican National Committee’s, We’ve, Let’s, ” Trump, we’re, Kamala Harris, Bill Pugliano, ” Lara Trump, Nevadans, CNN’s KFile, Roy Cooper, Allison Joyce, Bob Phillips, Helene, Hurricane Milton –, Anna Kelly, Morales Organizations: CNN, Republican National Committee, Trump, RNC, Getty, Brennan Center for Justice, North, North Carolina General Assembly, Republican National, Detroit Economic Club, Republican, Nevada, Nevada Republican, Democratic Gov, Republicans, Trump Campaign, Brennan Locations: North Carolina, Hurricane, Pennsylvania, Georgia , Wisconsin , Arizona , Nevada, Michigan, Georgia, Houston, AFP, . North Carolina, North Carolina’s, Indiana , Pennsylvania, Arizona, Nevada, American, Rock , North Carolina, Florida
Chart of the Day: Tesla and Uber
  + stars: | 2024-10-11 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Day: Tesla and UberThe Investment Committee’s Bryn Talkington reveals the best and worst stocks in today’s Chart Of The Day.
Persons: Tesla, Bryn Talkington
The survivors have dedicated their lives to trying to rid the world of nuclear weapons. Video Ad Feedback Watch the moment Nihon Hidankyo is awarded 2024 Nobel Peace Prize 01:54 - Source: CNNDan Smith, the director of the Stockholm International Peace Research Institute (SIPRI), told CNN he was “delighted” that the Hibakusha had been awarded this year’s prize. “As the Soviet and US leaders Gorbachev and Reagan said in 1985, nuclear war can never be won and must never be fought. The International Campaign to Abolish Nuclear Weapons won the award in 2017. Last month, Putin said Russia would revise its nuclear doctrine, potentially lowering the bar for Moscow’s use of nuclear weapons.
Persons: Nihon, , ” Nihon, CNN Dan Smith, , Gorbachev, Reagan, ” Smith, Robert Lewis –, Enola Gay, Hiromichi Matsuda, Shigeru Ishiba, Kido, Lev Radin, Nihon Hidankyo, Alfred Nobel’s, Joseph Rotblat –, Jørgen Watne Frydnes, Israel – “, Vladimir Putin, Putin, Henrik Urdal, ” Urdal Organizations: CNN, Stockholm International Peace Research Institute, Soviet, Enola, Nagasaki Atomic Bomb Museum, Nihon, United Nations, UN Headquarters, Pacific Press, 141st, Nuclear Weapons, Science, World Affairs, Manhattan Project, Los Alamos Laboratory, , Peace Research Institute Locations: Japanese, Hiroshima, Nagasaki, Norwegian, Oslo, Stockholm, United States, Laos, Russia, United Kingdom, France, China, India, Pakistan, North Korea, Israel, Ukraine, Russian, Germany, Peace Research Institute Oslo
The Nobel committee just entered the AI chat
  + stars: | 2024-10-10 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
When asked by a reporter whether the committee took the AI connection into consideration when judging the nominees, one member on the chemistry committee basically brushed off the question and insisted the decisions were made purely on the science. The Nobel committee letting politics or PR weigh on their decisions? At first glance, it could seem like the Nobel committee has been gulping down Big Tech’s AI Kool-Aid. While gesturing to generative AI, Wong noticed that no one mentioned ChatGPT or Gemini or any other consumer-facing AI tools that companies are peddling. Similarly, in announcing the chemistry prize on Wednesday, committee members talked a lot about amino acid sequences and structural biochemistry.
Persons: CNN Business ’, , John Hopfield, Geoffrey Hinton, — Demis Hassabis, John M, David Baker, CNN’s Jake Tapper, Hassabis, Matteo Wong, Wong, ” Wong Organizations: CNN Business, New York CNN, Princeton, Google, New York Locations: New York, US, Stockholm
Harris’ plan would boost the debt by $3.5 trillion over the next decade, while Trump’s platform would cause it to spike by $7.5 trillion, according to the Committee for a Responsible Federal Budget’s report, released Monday. It found that Harris’ measures could have no significant impact on the debt or could increase it by $8.1 trillion. And Trump’s proposals could balloon the debt by between $1.5 trillion and $15.2 trillion. These proposals would cost $2.3 trillion in total. But the committee estimates these tariffs would bring in between $2 trillion and $4.3 trillion over a decade — not enough to cover Trump’s agenda.
Persons: CNN —, Kamala Harris, Donald Trump, Harris ’, Harris, , Trump, Jerome Powell, “ We’re, ” Marc Goldwein, Brian Hughes, Trump’s, , That’s, Joe Biden’s, Katie Lobosco, Matt Egan Organizations: CNN, Republicans, Democrats, Trump, Social Security, Peterson Institute for International Economics, Center, of Education Locations: American
“Did the Fed even need to cut rates in September, let alone cut by 50bps (basis points)?” Seema Shah, chief global strategist at Principal Asset Management, wrote in a note on Friday. Second-guessing the Fed isn’t new, of course. Central bank officials themselves note the uncertainty inherent in their work, especially when the economy reaches inflection points. Even Fed officials don’t always agree with the central bank’s actions, such as Fed Governor Michelle Bowman, the lone dissenter to the Fed’s decision to cut rates by half a point in September. ‘This isn’t exact science’Fed officials aren’t shy about admitting that they don’t always have confidence in how the US economy will evolve.
Persons: Washington CNN —, Jerome Powell, Philipp Carlsson, Seema Shah, James Knightley, Powell, don’t, Michelle Bowman, wouldn’t, , ” Carlsson, Szlezak, , ” Gina Bolvin Organizations: Washington CNN, Federal Reserve, Boston Consulting, Asset Management, ING, Bolvin Wealth Management Locations: Wall, Washington
New York CNN —Next month’s presidential election could make America’s hostile media climate even worse for journalists. That’s the takeaway from a new Committee to Protect Journalists report about the state of press freedom in the US. The Committee to Protect Journalists has historically called attention to journalists being arrested and killed in repressive regimes. According to the US Press Freedom Tracker, assaults on journalists in the US have soared by more than 50% in 2024 compared to last year. The Committee to Protect Journalists said the “corrosive political environment” has intensified safety concerns for journalists – forcing newsrooms to conduct safety assessments, evaluate online threats, and hire extra security.
Persons: , Katherine Jacobsen, Amanda Andrade, Rhoades, Jacobsen, Donald Trump –, Biden, , ” Jacobsen, Trump, newsrooms, we’ve, ” Bruce Shapiro, Jodie Ginsberg, Kamala Harris Organizations: New, New York CNN, Protect Journalists, “ Media, Capitol, The Washington Post, Trump, US Press, Comcast, Dart Center for Journalism, Columbia University, Democratic party’s Locations: New York, United States
Washington CNN —Boeing factory workers felt pressured to prioritize production speed over quality and said they did not receive enough training to properly perform their jobs, according to the results of a special investigation by the Federal Aviation Administration (FAA) published Wednesday. In January, a door plug blew off a 737 Max operated by Alaska Airlines shortly after takeoff. One of the more egregious examples, according to the audit, was a Boeing mechanic who used an improvised measuring device to check gaps between components. But there is still much work to be done on fixing Boeing’s safety culture, he said. “I think the safety culture change is going to be a long-term project,” Whitaker said.
Persons: Max, Mike Whitaker, , Whitaker, , ” Whitaker Organizations: Washington CNN — Boeing, Federal Aviation Administration, Alaska Airlines, Boeing, Senate, Investigations, FAA, CNN, House Locations: Renton, Washington
Secret Service advance agents did not request a surveillance team, which could have helped patrol the rally for approximately 15,000 attendees. The lead advance agent for the Secret Service could not even answer the committee when asked who secured the building. Other security requests deniedTrump’s Secret Service security detail requested Counter Assault Team liaisons ahead of the July 13 rally but were denied. The liaison would provide specialized tactical advice to other Secret Service agents and law enforcement on the ground. The lead advance agent also told the committee she requested 13 magnetometers from Secret Service, but only received 10.
Persons: Donald Trump, Thomas Matthew Crooks, Trump, Jill Biden, , ” Sen, Richard Blumenthal, Abbott, Costello, ‘ who’s, ” Nobody, Butler, , , Crooks, wasn’t, “ It’s, Sen, Rand Paul, whoever’s, ” Paul, ” Blumenthal, Kimberly Cheatle, “ I’m, there’ll, what’s Organizations: CNN, Secret, Secret Service, Service, Connecticut Democrat, Trump, Agents, Emergency Services Unit, Emergency, Unit, US Secret Service, Butler, FBI, SAIC, Trump’s, Kentucky Republican, Capitol Locations: Butler , Pennsylvania, Connecticut, Pittsburgh, Butler, Iran, Kentucky
Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut as she worries that inflation could reignite. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed’s twin goals of achieving low inflation and full employment. Though Bowman favored a reduction, she preferred the Fed lower by a quarter percentage point, more in line with the traditional moves at the central bank. In recent statements, Fed officials have cited easing inflation and a softening labor market as justification for the cut. At last week’s meeting, individual policymakers indicated they expect another half percentage point in cuts this year and another full point in 2025.
Persons: Michelle Bowman, Bowman, Organizations: Federal Locations: Kentucky
Washington CNN —It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. But nine months in, rate cuts still haven’t happened, drenching Wall Street’s parade and leaving US consumers squeezed by elevated interest rates. Here’s why the Fed didn’t cut soonerIt’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. Bond yields, which move in anticipation of the Fed’ decisions on rates, have come down over the past several weeks based on signs encouraging the Fed to cut rates, such as weaker-than-expected employment data and cooling inflation.
Persons: Washington CNN — It’s, it’s, ” Oscar Muñoz, ” Muñoz, Jerome Powell, Powell, Donald Trump, Joe Biden, “ Jerome Powell’s, ” Philipp Carlsson Organizations: Washington CNN, Federal Reserve, Fed, Wall, TD Securities, CNN, Kansas City, Capitol, White, Boston Consulting Group Locations: , Jackson Hole , Wyoming
Eight states will have constitutional amendments backed by Republican lawmakers on the November ballot designed to make clear that only American citizens can vote in elections in those states. But it’s already illegal for noncitizens to vote in elections in those states and at the federal level, and it rarely happens. Trump, the GOP presidential nominee, has long made false claims that noncitizens are voting in elections and that Democrats have helped them enter the country to cast those ballots. No state constitution in the U.S. allows noncitizens to vote. While Americans for Citizen Voting said it has no formal or informal relationship with the Trump campaign or the RNC, its chairman, Paul Jacob, said at a recent press conference that he hopes the ballot measures will help improve voter turnout.
Persons: it’s, stoke people’s, Donald Trump, , Jonathan Diaz, Mike Johnson, noncitizens, , Sen, Julian Bradley, Bradley, Brad Overcash, ” Jack Tomczak, , “ It’s, Brad Raffensperger, Diaz, Bree Grossi Wilde, Trump, ” Diaz, Grossi Wilde, Paul Jacob, ” Jacob Organizations: Republican, noncitizens, Trump, GOP, Republican National, D.C, United, Lawmakers, , ” Wisconsin Republican, Citizen, ” North, ” North Carolina Republican, stoke, Democracy Research, University of Wisconsin Law, RNC Locations: Idaho , Iowa , Kentucky , Missouri, North Carolina , Oklahoma, South Carolina, Wisconsin, U.S, Washington, Iowa , Missouri, Idaho, Kentucky, United States, ” Wisconsin, ” North Carolina, Georgia, North Carolina
CNN —As presidential politics cloud the outlook of US Steel’s merger with its Japanese rival, a national security review of the deal is now not expected to be decided until after the election, according to people familiar with the matter. Prime Minister Fumio Kishida, during a White House visit in April, told reporters that the legal reviews would determine the deal’s outcome. US Steel put itself up for sale in 2023 after receiving an unsolicited, $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest steelmaker, resulted from that sales process. The White House has said it would await the recommendation of the committee, which has yet to make a decision on the matter, CNN has learned.
Persons: Joe Biden, Biden, Fumio Kishida, Janet Yellen, Kamala Harris, Donald Trump, Ohio Sen, JD Vance, Sen, Sherrod Brown of, John Fetterman of, Saloni Sharma, ” Saloni, Josh Shapiro, Harris, , ” Manuel Bonder Organizations: CNN, Foreign Investment, US, Washington Post, US Steel, Steel, Nippon, Sherrod Brown of Ohio, Nippon Steel, White, , Democrat Locations: United States, Pittsburgh, Delaware, American, John Fetterman of Pennsylvania, Ohio, Cleveland, ” Pennsylvania, Western Pennsylvania
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