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☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ The Supreme Court is sending some mixed signals about executive power
▼ + stars: | 2024-07-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Advertisement"So that is, in theory, taking power away from unelected officials," Justin Crowe, a professor of political science at Williams University who researches the Supreme Court, told Business Insider. With Corner Post, Entin said, the Supreme Court created a statute of limitations that, from the standpoint of federal agencies, never really expires. But the Court didn't stop at giving itself the reins to interpret regulations that federal agencies are beholden to. In the Trump case, the Supreme Court offered Trump broad immunity for some of his acts concerning his January 6 election interference case. In the July 6 episode of Slate's Supreme Court analysis podcast "Amicus with Dahlia Lithwick," Senior Court Reporter Mark Joseph Stern said the Court spent this term expanding its power and "restructuring representative democracy to make it less representative and less democratic."

Persons: —, Raimondo, Reagan, presidentially, Justin Crowe, wouldn't, Loper, Jonathan Entin, Entin, Ruth Bader Ginsburg, Ketanji Brown Jackson, Trump, Tanya Chutkan, Dahlia Lithwick, Mark Joseph Stern Organizations: Service, Loper Bright Enterprises, Inc, Governors, Federal Reserve System, Business, Chevron, Environmental Protection Agency, Congress, Williams University, EPA, Securities Exchange Commission, of Health, Human Service, Case Western Reserve University, Federal Reserve Board, Supreme, DC Circuit, Federal, Trump v ., Trump, DC Locations: Chevron, Trump v, Trump v . United States

☆ Ohio just legalized cannabis. Now comes the hard part
▼ + stars: | 2023-11-09 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Ohio voters’ approval of a legalization measure on Tuesday comes just months after cannabis saw some of its most significant movements at the federal level. “I honestly think it will have massive reverberating effects on what Congress has to do about this.”More than two-thirds of US states have legalized cannabis in some capacity: 38 states have approved comprehensive medical cannabis programs, and Ohio brings the recreational total to 24 states. Joshua A. Bickel/APExisting medical cannabis dispensaries will have the opportunity to be grandfathered in and have first crack at licenses, but municipalities can decide whether to allow sales. “In 2018, Michigan fully legalized cannabis, set a relatively low tax rate and my perception is it’s been a fairly successful industry there.”Michigan’s cannabis sales hit a record $276 million in July, a time when industry members there and beyond have struggled. Marijuana buds ready for harvest rest on a plant at AT-CPC of Ohio, Monday, Jan. 28, 2019, in Akron, Ohio.

Persons: Andrew Freedman, ”, “ It’s, ” Freedman, “, pollster Gallup, ‘, Nick Lachey, Joshua A . Bickel, Mike DeWine, Freedman, Douglas Berman, ” Berman, It’s, Irina Dashevsky, Marder, Tony Dejak, Dashevsky, we’ve, hasn’t, Ariane Kirkpatrick, Amonica Davis, ” Kirkpatrick Organizations: Minneapolis CNN, Buckeye, US Department of Health, Human Services, Forbes Tate, Coalition for Cannabis Policy, CNN, Republican, Drug Enforcement, Center, The Ohio State University’s Moritz College of Law, Industry, Buckeyes, CPC, Ohio, AP Companies, Enforcement Locations: Minneapolis, Minneapolis CNN — Ohio, Ohio, As Ohio, Missouri, Cincinnati, Michigan, Akron , Ohio, United States

☆ Fed's watchdog defends work before Senate amid questions over his independence
▼ + stars: | 2023-05-17 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

The Fed IG has faced particular heat over its investigation into the central bankers' trading activities. In addition, the Fed’s IG has yet to complete a hotly anticipated investigation into regional Fed leader trading even after news of that situation broke in September 2021. He said the fact that the report absolving Powell and Clarida was short on information was “intentional” due to the still-ongoing inquiry into regional Fed trading. “I absolutely agree that the allegations of improper trading and ethics violations are disturbing and they are alarming,” the Fed IG said. Leading the Senate panel, Democrat Elizabeth Warren blasted the incompleteness of the investigation and tied many of the IG’s problems to structural issues.

☆ Lawmakers are infuriated with Fed's inaction in its insider trading investigation
▼ + stars: | 2023-05-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

CNN —Congressional lawmakers grilled Federal Reserve Inspector General Mark Bialek Wednesday over possible insider trading among Fed officials in 2020, accusing the nation’s central bank of inaction. The heads of the Boston and Dallas Federal Reserve banks retired early in 2021 after trades they made before and during the pandemic came to light. Bialek told lawmakers there was no conflict of interest and that he was still able to conduct fair, independent investigations. This is not acceptable.”The Office of Inspector General declined to comment Wednesday night. A separate Fed investigation into SVB’s collapse, not involving Bialek, faulted Fed supervisors.

☆ Fed watchdog objects to Senate bill overhauling leadership selection
▼ + stars: | 2023-04-27 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

April 27 (Reuters) - The Federal Reserve's in-house watchdog agency is pushing back against proposed legislation in the U.S. Senate that would overhaul how the government department is led. Scott and Democratic Senator Elizabeth Warren have co-sponsored the bill to change how the Fed IG is selected and vetted. The letter also noted that making the Fed IG subject to presidential appointment would cut pay for the job, meaning the person in that position would earn less than the department's current staff. This upside pay arrangement has been faced by other government IGs and it "deters experienced, high-quality candidates from seeking the position." The Fed's IG has garnered the most attention in recent years for its investigations into central bank officials' personal trading activities.

☆ Elizabeth Warren and Josh Hawley just teamed up on a bill that would let the government 'clawback lavish pay and bonuses when executives explode their bank'
▼ + stars: | 2023-03-29 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Elizabeth Warren and Josh Hawley are teaming up to put the heat on executives of failed banks. Mike Braun and Catherine Cortez Masto, introduced a bill called "Failed Bank Executives Clawback Act," which would require that federal regulators "claw back" compensation of executives from the five-year period before their bank fails. "It's time for Congress to step up and strengthen the law so bank executives bear the cost of failure, not line their pockets and walk away scot-free." In the days and weeks following Silicon Valley Bank's collapse, lawmakers on both sides of the aisle — and President Joe Biden — have scrutinized the circumstances that led to the bank's failure. Warren has also pushed to roll back 2018 tweaks to the Dodd-Frank Act, which raised the threshold of holdings that require banks to have greater oversight.

☆ Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill
▼ + stars: | 2023-03-22 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Republican Rick Scott and Democrat Elizabeth Warren blamed the collapse of the two banks on regulatory failures at the U.S. central bank, which has operated up to now with an internal inspector general who reports to the Fed board. "Our legislation fixes that by establishing a presidentially-appointed, Senate-confirmed inspector general at the Fed, like every other major government agency," Scott said in a joint release with Warren. Warren said this month's banking upheavals "have underscored the urgent need for a truly independent inspector general to hold Fed officials accountable for any lapses or wrongdoing." She sits on both the Senate Banking Committee and the Senate Finance Committee, and chairs subcommittees of both panels. Reporting by David Morgan and Heather Timmons; Editing by Scott Malone and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ US Sen. Scott pushes for new Fed inspector general, slams Fed over bank regulation,
▼ + stars: | 2023-03-21 | by ( David Morgan | ) www.reuters.com time to read: +3 min

Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank "unable or unwilling to properly regulate" banks in a letter to Fed Chair Jerome Powell. "I am proposing legislation to establish a presidentially-appointed and Senate-confirmed inspector general for the Federal Reserve," Scott told Powell in the letter. The Federal Reserve is responsible for supervising - monitoring, inspecting and examining - certain financial institutions to ensure that they comply with rules and regulations, and that they operate in a safe and sound manner. Scott's legislation stems from concern in Congress that the Federal Reserve's current inspector general is not independent enough to serve as a check on the central bank. Scott also urged the Fed chief to use the central bank's policy meeting this week to examine the bank failures and identify accountable Fed personnel.

☆ Republican senators propose overhaul of Federal Reserve amid concerns about politics
▼ + stars: | 2022-12-21 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Among its provisions, the bill would also shrink the 12 regional Fed banks to five. Regional Fed leaders contribute to monetary policy debates, gather local economic intelligence and vote on interest rate decisions on a rotating basis. The structure of regional Fed banks has long made reformers, both on the left and right, uncomfortable. Leaders of these regional Fed boards are chosen by their private boards, although they must be approved by the board in Washington before taking office. In contrast, the Fed in Washington, which oversees the regional Fed banks, is explicitly part of the government.

☆ Rail unions have reached a tentative deal to avert economy-rattling strike
▼ + stars: | 2022-09-15 | by ( Stephen Jones | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Unions and rail companies have struck a deal, averting crippling rail strikes, the White House said. President Biden praised railway representatives for reaching a "tentative agreement" on Thursday. "For the American people, the hard work done to reach this tentative agreement means that our economy can avert the significant damage any shutdown would have brought," Biden said. One key provision in the new tentative agreement: Workers can take off unpaid sick days without fear of repercussions, according to the Associated Press. Workers in one union had already voted down the prior tentative agreement and were prepared to strike.

☆ Bernie Sanders blocks Republican proposal to override workers and stop a railroad strike: 'It is time for Congress to stand on the side of workers for a change'
▼ + stars: | 2022-09-14 | by ( Juliana Kaplan | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Senator Bernie Sanders blocked a Republican resolution to avert a rail strike and override workers. Sanders said that workers deserve paid sick leave, which is the demand holding up agreements. John Drake, VP of transportation, infrastructure and supply chain policy at the Chamber of Commerce, told Insider in a statement that he "welcomes" the Republican resolution. Sanders, Wicker, and Burr sparred over the workers' demands, with Sanders emphasizing that workers should get paid for time out sick — and a say in their contract. Sanders noted that rail workers would be entitled to no sick days, either paid or unpaid, under the current set of recommendations from the presidential panel.

☆ Senate Republicans want Congress to step in and prevent a nationwide rail strike that could hammer the economy
▼ + stars: | 2022-09-14 | by ( Juliana Kaplan | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Two Senate Republicans want Congress to step in and avert a shutdown of the nation's railroads. The US Chamber of Commerce estimates a rail shutdown would cost the economy $2 billion a day. A strike could prove expensive, with the business-friendly US Chamber of Commerce estimating a shutdown would cost the economy $2 billion a day. "We need action immediately to avoid a rail shutdown and the economic impacts that would fall on businesses and consumers," Drake said. "This is an issue that can and should be worked out between the rail companies and the unions, not by Congress.

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