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☆ Congress may revisit the expanded child tax credit in the lame duck session. But terms may not be as generous as in 2021
▼ + stars: | 2022-12-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

House and Senate champions and impacted families appear at a Dec. 7 Washington, D.C., event for expanding the child tax credit during the lame duck session. Millions of children were lifted out of poverty in 2021, thanks to a more generous child tax credit that included monthly checks sent out to more families. Now, the lame duck session of Congress offers a last chance this year to renew the expanded child tax credit that lapsed in December 2021. As the end of year approaches, many Democrats on Capitol Hill have raised their voices in support of reinstating the more generous child tax credit. The child tax credit was increased in 2021 from $2,000 per child to up to $3,600 per child under 6 and up to $3,000 for children ages 6 through 17.

☆ Biden waiting too long to announce his reelection bid could be 'disastrous' for other Democratic contenders
▼ + stars: | 2022-12-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +8 min

But they may be reluctant to jump in the race if President Joe Biden plans to run for reelection. If he keeps Democrats waiting too long, other possible contenders may have to start running or get left behind. "No one's going to get in before Biden will, before Biden makes his decision," said Rep. Seth Moulton, of Massachusetts, who ran in the 2020 Democratic presidential primary. Biden has said his intention is to run for reelection, and he expects to make his official decision early next year. Asked about other Democratic candidates, Warren responded: "What about 'em?

☆ Giving babies a government trust fund at birth could help get rid of student debt and build wealth, report says
▼ + stars: | 2022-12-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Democrats released a report highlighting the benefits of "Baby Bonds," which are trust funds given to kids at birth. The report said that the funds would help Americans build wealth over a lifetime. It could help reduce the need for students to take on excessive debt to go to college. On Wednesday, the Joint Economic Committee — led by Democratic Rep. Don Beyer — released a report on the benefits of "Baby Bonds." Baby Bonds could be a part of that.

☆ How an arcane 96-year-old law stopped the rail strike
▼ + stars: | 2022-12-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The Railway Labor Act was passed in 1926 as one of the very first labor laws in the nation. Because of the law, the House was able to vote Wednesday to impose unpopular contracts on four rail unions whose members have already rejected the terms, followed by a vote by the Senate vote late Thursday that did the same. The Railway Labor Act, passed in 1926, is the reason Congress could intervene this week to block a strike by freight railroad unions. But under the Railway Labor Act, management can fall back on hopes that Congress will give them the deal it wants. When he served in the Senate, Biden voted against an earlier effort to impose a contract on the rail unions to keep them on the job.

☆ Suns vs Bulls: Devin Booker goes for 51 in three quarters as Phoenix cruises to 132-113 win over Chicago
▼ + stars: | 2022-12-01 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +3 min

CNN —Phoenix guard Devin Booker scored an astonishing 51 points in just three quarters as the Suns dominated the Chicago Bulls 132-113. In just 31 minutes on the court, the shooting guard shot 20-for-25 from the field and went 6-for-7 from deep, making it one of the most efficient scoring performances in NBA history. “It felt like a double-sized rim out there,” Booker said after the game. In the third, Booker took it to another gear, dropping 26 points to kill the game off – shooting 10-for-11 in the quarter. MVP!” after Booker sunk a three-pointer in the third quarter.

☆ The House passes an agreement that would stop a rail strike — and give workers 7 days of sick leave
▼ + stars: | 2022-11-30 | by ( Juliana Kaplan | Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The House took the first step towards averting a rail strike, passing legislation to impose an agreement. But members also voted to pass a measure that would give workers 7 paid sick days. Paid sick leave, or lack thereof, has emerged as one of the biggest issues among rail workers. But both the tentative agreement and the paid sick leave resolution still need to pass the Senate. If the agreement passed without paid sick leave, "it's going to make life hard for railroad workers," Grooters said.

☆ A razor-thin Senate buffer and 2024 chances are at stake in Georgia's runoff next week between Raphael Warnock and Herschel Walker
▼ + stars: | 2022-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Early voting has started for the Georgia Senate runoff between Raphael Warnock and Herschel Walker. A Warnock victory would usher in a 51-49 Democratic majority, while the GOP hopes for a 50-50 split. Georgia Republican Senate nominee Herschel Walker speaks with supporters during a campaign rally in Milton, Ga., on November 21, 2022. Angus King of Maine and Bernie Sanders of Vermont — who caucus with the Democratic Party, creating an equal split in the upper chamber. However, some Republicans would prefer that Trump remain at Mar-a-Lago, worried that he could cost them another Senate win.

☆ Elizabeth Holmes scheduled to be sentenced on Friday
▼ + stars: | 2022-11-18 | by ( Rachel Metz | ) edition.cnn.com time to read: +5 min

CNN —Elizabeth Holmes, the founder of failed blood testing startup Theranos who was convicted of fraud earlier this year, is scheduled to be sentenced on Friday morning by a judge in court in San Jose, California. The list includes Holmes’ partner, Billy Evans, many members of Holmes’ and Evans’ families, early Theranos investor Tim Draper, and Sen. Cory Booker. Elizabeth Holmes (L), founder of Theranos, and her partner, Billy Evans (R), leave the Robert F. Peckham Federal Building and US Courthouse in San Jose, California, on October 17, 2022. “The effects of Holmes and Balwani’s fraudulent conduct were far-reaching and severe,” federal prosecutors wrote in a November court filing regarding Holmes’ sentencing. “Elizabeth Holmes is never going to run a big company again,” he said.

☆ NBA roundup: Late trey lifts Thunder over Wizards
▼ + stars: | 2022-11-17 | by ( Mark Gleeson | ) www.reuters.com time to read: +6 min

Jalen Suggs added 23 points and six assists. Fred VanVleet added 23 points, 13 of them in the third quarter, to help the Raptors win their second game in a row. Kyle Lowry added 19 points, and Gabe Vincent had 16 points. Dejounte Murray added 19 points for the Hawks, who scored the game's first basket then didn't have the lead after that. Donovan Mitchell returned from a one-game absence caused by a sprained ankle and finished with 23 points for the Cavaliers, matching the point total of teammate Darius Garland.

☆ Steph Curry explodes for 50 points but Golden State Warriors still beaten 130-119 by Phoenix Suns
▼ + stars: | 2022-11-17 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Steph Curry scored 50 points for the 11th time in his NBA career, but his efforts weren’t enough for the struggling Golden State Warriors against the Phoenix Suns as the defending champions went down 130-119. The Warriors are now 6-9 on the season and winless from eight games on the road – a troubling sign as the team looks to win a fifth title since 2015. “We’re never going to panic, there’s no point in panicking,” Warriors head coach Steve Kerr told reporters after Wednesday’s game. ”It’s important to have a team,” Booker said about the even scoring distribution throughout the team. They next visit the Utah Jazz on Friday while the Warriors welcome the New York Knicks.

☆ Googlers are making memes to deal with the looming threat of job cuts
▼ + stars: | 2022-11-17 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Meanwhile, former Yahoo CEO and one-time Google exec Marissa Mayer is sounding the alarm bell that the web itself could be degrading in quality. Google employees meme past the graveyard. Elon Musk fired as many as two dozen Twitter employees this week who had criticized his leadership style. Now, Twitter employees are deleting internal Slack messages they fear Musk won't like, so as to avoid his wrath. A Twitter exec went so far as to warn employees to use Slack "wisely."

☆ Vegan canapes and fat donations: How Sam Bankman-Fried won Washington before he lost everything
▼ + stars: | 2022-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +13 min

Everybody was trying to get in,” said one source close to the Bankman-Frieds’ political operation who requested anonymity to speak candidly. Attempts to contact Sam Bankman-Fried for this article were unsuccessful. Sam Bankman-Fried’s mentor and the spiritual leader of Effective Altruism has disowned him. Sam Bankman-Fried is a Democrat, and he spent at least $40 million supporting the party. Some of the biggest recipients of Bankman-Fried’s money did not respond to NBC News when asked about donations they received.

☆ Elizabeth Holmes' friends and family filed 130 letters asking for lenient sentencing, written by everyone like Cory Booker and Tim Draper to David Sokol and ex-Theranos staff — here are some highlight
▼ + stars: | 2022-11-16 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

"This process is a string of unlikely events that lawyers, advisors and board members all told her would never come to be." He wrote: "Liz has been called an incredible salesperson, that she wooed investors, partners, and employees with a sales pitch so compelling that they couldn't help but to be involved. Evans also shed some light on goings-on in Holmes' life during the trial. He says Holmes is, in fact, pregnant, as one witness hinted at in a recent evidentiary hearing. "The price Liz and our family pays for this process is not just the potential incarceration that you will decide.

☆ NBA roundup: Heat storm back to defeat Suns
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +5 min

Butler produced a double-double for the second time in three games, posting 16 points and 13 rebounds. The Suns' Deandre Ayton had a double-double with 16 points and 12 rebounds. That reserve unit also featured Damion Lee, who scored 14 points. Luguentz Dort had 21 with three 3-pointers, and Aleksej Pokusevski logged a double-double with 16 points and 14 rebounds. The Clippers turned 11 Houston turnovers into 16 points before the break while the Rockets missed 10 of 13 3-pointers.

CompaniesCompanies Law firms Gibson, Dunn & Crutcher Llp Follow(Reuters) - Gibson, Dunn & Crutcher said Monday that Gustav Eyler, who was a top U.S. Department of Justice consumer protection official, has joined the firm as a Washington, D.C.-based partner. Eyler, who practiced as a litigation associate at Los Angeles-founded Gibson Dunn earlier in his career, served for five years as director of the consumer protection branch of the Justice Department's civil division, where he oversaw more than 250 prosecutors and staff, the firm said. Gibson Dunn has made other recent hires to its Washington office, including two last week. At Gibson Dunn, Eyler said he plans to help clients facing government investigations, enforcement actions and related consumer class actions involving the life sciences, healthcare and consumer products sectors, and work with clients on data privacy matters. Read more:Law firm Steptoe hires U.S. Justice Dept senior antitrust lawyerJustice official to lead Jenner's congressional investigations teamOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Ron DeSantis' big election night shakes 2024 White House field
▼ + stars: | 2022-11-10 | by ( James Oliphant | ) www.reuters.com time to read: +7 min

Trump would be the favorite in a primary matchup against DeSantis or any other Republican. Although he has been coy about a presidential run, supporters at his victory party chanted "Two more years!" Even if Trump mounts another presidential run, he will continue to face a dizzying array of legal headaches, including probes of his efforts to overturn the 2020 election and his removal of classified documents from the White House. I don't like him," said two-time Trump voter Gordon Nelson, 77, as he voted for Republican candidates in Michigan on Tuesday. At a Wednesday press conference, Biden seemed amused at the prospect of Trump and DeSantis going head-to-head.

☆ NBA roundup: Bucks, minus Giannis, top Thunder in 2 OTs
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +9 min

Tre Mann added 21 points off the bench. Jaylen Brown scored 30 points, reserve Sam Hauser had 24 on six 3-pointers and Al Horford added 13 for Boston. Anunoby added 27 points, 10 rebounds and three steals for the Raptors, who played without forward Pascal Siakam (groin). Bennedict Mathruin scored 30 points, Tyrese Haliburton had 21 points and 11 assists for the Pacers, who had won four of their previous five games. All five Hornets starters reached double figures in points, led by Terry Rozier with 18 in the team's sixth consecutive loss.

☆ A long-shot Democratic candidate raised more than $15.6 million to defeat Marjorie Taylor Greene. He lost by 31 points.
▼ + stars: | 2022-11-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Marjorie Taylor Greene's Democratic opponent, Marcus Flowers, raised $15.6 million for his campaign. "Tomorrow, with your help, we could make history by defeating Marjorie Taylor Greene," Flowers wrote in a fundraising email sent on November 7, the night before the election. But let me make my case: We're building the most extensive Democratic campaign this district has EVER seen — and MTG is terrified." AP Photo/Ben GrayThe sum that Flowers raised is gargantuan for a congressional campaign, far outpacing the amounts raised by the party's most vulnerable members. Compare that to Democratic candidates in more competitive races, who have tended to raise between $3 and $10 million this year.

☆ Explainer: Crypto industry spends millions on U.S. midterm elections
▼ + stars: | 2022-11-08 | by ( Hannah Lang | ) www.reuters.com time to read: +5 min

Crypto companies are eager to back industry-friendly political candidates. The election comes at a time of turmoil for the crypto industry. FTX's CEO Sam Bankman-Fried has far outspent all others in the crypto industry. WHAT IS THE CRYPTO INDUSTRY LOOKING TO GET IN RETURN? Crypto companies such as Circle want lawmakers to create a framework for stablecoins to help mature the industry and codify consumer protections.

☆ Republican Sen. Rand Paul faces off against Democrat Charles Booker in Kentucky's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Explore more race results below. Sen. Rand Paul is running against Democrat Charles Booker to represent Kentucky in the US Senate. Booker is the first Black person to be a major party nominee for US Senate in Kentucky. Kentucky's Senate race candidatesElected to the US Senate in 2010, Paul is vying for his 3rd term to represent Kentucky. Prior to his election to the Senate, Paul worked as an ophthalmologist in Bowling Green, Kentucky.

☆ NBA roundup: Dejounte Murray, Hawks hand Bucks first loss
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +11 min

Murray added eight rebounds and three steals for the Hawks, who lost 123-115 at Milwaukee on Oct. 29. Jerami Grant finished with 23 points and Lillard had 19 points and six assists. Cade Cunningham supplied 21 points, 11 rebounds and seven assists for the Pistons. Jaden Ivey had 15 points, 11 rebounds and six assists, and Isaiah Stewart added 11 points with 12 rebounds. Mike Muscala and Kenrich Williams scored 11 points apiece.

☆ There have only been 2 Black elected governors in US history, but the 2022 midterm elections could usher in unparalleled change
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

There have only been two Black elected governors in US history, but that could change on Tuesday. With the victory, Wilder became the first Black elected governor in the United States, generations after P.B.S. He said people brag about him as the first Black governor elected in America. However, this year, Black gubernatorial candidates weren't overly reliant on the party leadership to help them land the nominations in their respective states. At the end of the day, if that's what I accomplished, that's not enough," Moore told Insider.

☆ Rick Scott doesn't rule out run for majority leader if GOP takes Senate
▼ + stars: | 2022-11-06 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Sen. Rick Scott, R-Fla., chair of the National Republican Senatorial Committee, on Sunday declined to say whether he would run for majority leader if Republicans gain control of the Senate in the midterm elections. Senate Minority Leader Mitch McConnell, R-Ky., has faced intraparty backlash after declining to support former President Trump’s false claims of a stolen 2020 election. Scott appeared to take aim at McConnell in an op-ed published in the conservative news site Washington Examiner in September. In the final weekend before the midterm elections, senators from both sides of the aisle appeared on Sunday programs to express confidence in their party's prospects of winning control of the chamber. Republicans can “absolutely” get to at least 52 Senate seats, Scott said.

☆ NBA roundup: Celtics set team record with 27 treys
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +7 min

Every Celtics player who took the court Saturday hit at least one 3-pointer, and they went 27-for-51 on treys. The 27 3-pointers were two more than the previous team record, set against the Philadelphia 76ers on Feb. 15, and two shy of the NBA record, set by the Milwaukee Bucks against the Miami Heat on Dec. 29, 2020. Brown finished with 30 points and Tatum had 26 as the Celtics won both ends of a back-to-back set. Julius Randle scored 29 points and RJ Barrett had 27 for the Knicks, who were also trying to win on back-to-back nights. Terry Rozier scored 25 points and Kelly Oubre Jr. added 18 for the Hornets.

☆ Sen. Cory Booker says that Democratic party has a 'strong pathway' to control Senate despite recent polls
▼ + stars: | 2022-11-06 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

Cory Booker says that Democrats have a strong chance to control the Senate. "The reality is we still have a very strong pathway," Booker told ABC News. During an appearance on ABC's "This Week," host Martha Raddatz asked Booker about a recent FiveThirtyEight poll that predicts that Republicans have a 55% chance of taking control. "That this is the party at the end of the day that's trying to protect fundamental freedoms like the right to control your own body. So I think this a tough elections season ... but I still see a pathway for us to maintain control of the Senate."

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