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Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. Scholz's three-way coalition is reeling from a court ruling last week that wiped 60 billion euros ($65 billion) from the budget at a stroke and forced it to freeze most new spending commitments, delaying talks on the 2024 budget. LOSS OF CONFIDENCEGermany's steel sector added its voice to the growing jitters, warning that the court ruling had put a question mark over more than 40 billion euros in planned investments. "I find it correct that the consequences of the constitutional court ruling ... are checked carefully," Scholz told a news conference. Scholz also described this as conceivable, participants at the meeting told Reuters, adding that the court ruling put the coalition into a difficult situation but it could be resolved.

Persons: Wolfgang Rattay, Chancellor Olaf Scholz, Robert Grundke, Bernhard Osburg, Osburg, Berlin, Scholz, Achim Post, Andreas Rinke, Christoph Steitz, Holger Hansen, Rene Wagner, Matthias Williams, Christina Fincher Organizations: REUTERS, Economic Cooperation, Development, Reuters, Scholz's Social Democrats, Thomson Locations: Duisburg, Germany, FRANKFURT, Paris, United States, decarbonisation

Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it's quite small," Nansen analysts said. By comparison, investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. Lawyers for Zhao, who founded Binance in 2017, did not respond to requests for comment on Wednesday. Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.

Persons: Dado Ruvic, Changpeng Zhao, Binance, Zhao, Richard Teng, Nansen, ransomware, Arthur Hayes, Hayes, Sam Bankman, Fried, Daniel Silva, Buchalter, Luc Cohen, Michelle Price, Richard Chang Organizations: REUTERS, Nansen, U.S, U.S . Securities, Exchange Commission, Islamic, Binance, Prosecutors, Justice, Reuters, Thomson Locations: al Qaeda, Islamic State, Iraq, Syria, Dubai, Seattle, United States

☆ American Shoppers Have Plenty of Dry Powder
▼ + stars: | 2023-11-22 | by ( Justin Lahart | Jinjoo Lee | ) www.wsj.com time to read: 1 min

People say they plan to spend $1,652, on average, this holiday season, according to a Deloitte survey. Photo: Joe Burbank/Associated PressAmericans say they are worried about the economy, and there certainly are reasons to question the staying power of consumer spending. That doesn’t mean they won’t spend heartily this holiday season. The U.S. consumer is in a funk, according to the U.S. consumer. The University of Michigan’s sentiment index, based on a long-running survey of households, remains far below prepandemic levels and lately has been near levels experienced in the wake of the 2008 financial crisis.

Persons: Joe Burbank, haven’t Organizations: Deloitte, Associated Press, University of, Wall Street Locations: U.S

☆ Best Black Friday Vacuum Deals 2023
▼ + stars: | 2023-11-22 | by ( Nick Guy | ) www.wsj.com time to read: +2 min

Thankfully, Black Friday and Cyber Monday bring lots of vacuum sales, and this year is no different. Read on to check out the best deals. Upright vacuumsUpright vacuums are the most traditional style of vacuum cleaner, and the most powerful. The best of them are easy to navigate, offer impressive suction and work on a variety of surfaces. We found that the best of them run for longer than average on a single charge and are more powerful than you’d expect from their small form factor.

Persons: Nick Guy, you’ll, Dyson, vacuums Organizations: Upright vacuums Locations: Price

☆ Morning Bid: AI buzzes but market shrugs at Nvidia beat
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +5 min

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. Remarkably, Nvidia managed to vault the sky-high bar for quarterly earnings, revenue and projections yet again in its latest update overnight. Bond volatility (.MOVE) has also fallen to two-month lows, while currency market 'vol' (.DBCVIX) is plumbing 20-month lows. CONCERN OVER HOME SALES, HOLIDAY SEASON SALESNews of a drop in U.S. existing home sales last month to a 13-year low was perhaps as important as the Fed minutes - as was warnings from more major U.S. retailers, this time Best Buy and Nordstrom, about sticky holiday season sales and the need for discounting. The dollar (.DXY) was a touch higher on Wednesday, meantime, with most overseas stock markets firmer too.

Persons: Lucas Jackson, Mike Dolan, thrall, OpenAI, Sam Altman, Changpeng Zhao, October's, Jeremy Hunt's, underperformed, Jeremy Hunt, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, U.S, Nvidia, Federal, Nordstrom, University of Michigan, Bank of Canada, Treasury, Deere, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Gaza, China, yearend, York, Beijing

☆ Mortgage rates fall for fourth week but stay above 7%
▼ + stars: | 2023-11-22 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Mortgage rates fell again in the most recent week, as inflation showed signs of slowing. It’s the fourth consecutive week of tumbling rates after rising for seven straight weeks. The average rate rose above 7% in mid-August and since then reached as high as 7.79% at the end of October. “In a few short weeks, mortgage rates have largely erased the sharp climb traversed in October,” said Danielle Hale, Realtor.com’s chief economist. Meanwhile, she added, existing home sales slid to their worst reading since 2010 as home prices rose and mortgage rates pushed the cost of buying even higher.

Persons: Freddie Mac, “, ”, Sam Khater, Freddie Mac’s, Danielle Hale, Hale, homebuyers, ” Hale Organizations: DC CNN — Locations: Washington

☆ Dollar extends fall ahead of Fed minutes, yen strengthens
▼ + stars: | 2023-11-21 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 21 (Reuters) - The dollar index fell for a third straight session on Tuesday ahead of minutes from the U.S. Federal Reserve's most recent policy meeting as expectations grow the central bank will start to cut rates in the early portion of next year. Bregar noted, however, the downward move in the greenback may be starting to run out of steam and big option expirations in the eurodollar and yen could stabilize the dollar. The dollar index fell 0.13% to 103.31 after falling to a fresh 2-1/2 month low of 103.17, its lowest since Aug. 31. The weakness in the dollar has buoyed the yen, along with expectations the Bank of Japan may eventually start to move off its ultra-loose monetary policy next year. The yen strengthened 0.42% versus the greenback to 147.76 per dollar after the greenback hit its lowest level since mid-September at 147.14 yen, while sterling was last trading at $1.254, up 0.29% on the day.

Persons: CME's, Erik Bregar, It's, it's, Bregar, Chuck Mikolajczak, Nick Macfie Organizations: U.S, U.S . Federal, Bull, Bank of Japan, greenback, Thomson Locations: U.S ., Toronto

☆ US existing home sales hit more than 13-year low; prices push higher
▼ + stars: | 2023-11-21 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The combination of high prices, high mortgage rates, and millions of homeowners unwilling to move, given they've locked in low rates, has frozen the market," said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia. Economists polled by Reuters had forecast home sales would slide to a rate of 3.90 million units. Existing home salesTIGHT SUPPLYThere were 1.15 million previously owned homes on the market last month, down 5.7% from a year ago. Most homeowners have mortgage rates under 5%, making many reluctant to sell. At October's sales pace, it would take 3.6 months to exhaust the current inventory of existing homes, up from 3.3 months a year ago.

Persons: Sarah Silbiger, Robert Frick, Freddie Mac, Lawrence Yun, Yun, Jeffrey Roach, Lucia Mutikani, Paul Simao Organizations: REUTERS, WASHINGTON, National Association of Realtors, Navy Federal Credit Union, homebuyers, Reuters, Treasury, realtors, U.S, Congress, Builders, LPL Financial, Thomson Locations: Washington , U.S, Vienna , Virginia, Northeast, West, Midwest, Charlotte , North Carolina

Sales of existing homes fell by 4.1% in October as a shortage of houses for sale and higher mortgage rates dampened activity, the National Association of Realtors said on Tuesday. The annual level of sales reached 3.79 million, down 14.6% from a year ago when sales were 4.44 million. “Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” said NAR Chief Economist Lawrence Yun. There is some relief, however, as mortgage rates have fallen in the past week. Some housing industry analysts believe rates could trend under 7% early next year as overall interest rates begin falling amid expectations the Federal Reserve is done raising rates.

Persons: ”, Lawrence Yun, ” Yun, “, Danielle Hale Organizations: National Association of Realtors, Midwest, Federal Locations: “

☆ Democrats accuse X of profiting from Hamas propaganda
▼ + stars: | 2023-11-21 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —A group of House Democrats has accused X, the platform formerly known as Twitter, of profiting from Hamas propaganda and misinformation about the Israel-Hamas war after reports by independent researchers found numerous accounts glorifying the US-sanctioned terror group. More than two dozen US lawmakers signed the letter dated Tuesday addressed to X owner Elon Musk and CEO Linda Yaccarino. Musk sued Media Matters on Monday, accusing it of distorting the likelihood that ads may be shown against extremist material. But some legal critics have cast doubt on the complaint, calling it “weak” and “bogus” in the face of the First Amendment. The letter calls for Yaccarino and Musk to answer by December 1 to allegations that X has amplified terrorist propaganda in violation of its own policies.

Persons: X, Elon Musk, Linda Yaccarino, ”, Adam Schiff of California, Daniel Goldman, Jamie Raskin, Musk, Joe Benarroch, White Organizations: Washington CNN, House, Twitter, Institute for Strategic, Tech, Reps, Maryland, of Business, Media Matters, Media, Committee, US Marshals Service Locations: Israel, New York, Gaza

☆ A remote worker explains why she stands by the controversial practice of working from movie theaters
▼ + stars: | 2023-11-21 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +4 min

A remote worker shared a video of herself on her laptop while at the movie theater. Williams told Business Insider in an email exchange that she juggled multiple freelance roles, which included writing product reviews and writing for a mobile game. she told Business Insider. "If companies are gonna force people back into the office, they're gonna do it no matter what we do," she told Business Insider. "If I felt like I was bugging someone, the laptop would've gone straight away," she told Business Insider.

Persons: —, Hanna Williams, Williams, they'd, they're Organizations: Service, AMC Theatres, AMC Locations: Los Angeles , California, Sterling Heights , Michigan

☆ Buy these 33 top-rated stocks to build a diversified, downturn-resistant portfolio in 2024, according to UBS
▼ + stars: | 2023-11-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Economic growth should persist in 2024, albeit at a weaker pace, according to top strategists at UBS Global Wealth Management (GWM). "We do see the savings rate — the recent savings rate — as unsustainably low, and we expect it to rise over time," said Brian Rose, a senior economist and investment strategist at UBS GWM, during the webinar. "And really, the base of the economy depends very heavily on what happens to the savings rate." Rose continued: "If the savings rate just gradually drifts higher over time, then we can have a soft landing. 33 top stocks across sectorsWhile UBS is constructive about 2024, its strategists think investors should prepare for anything.

Persons: Solita Marcelli, Brian Rose, Rose, there's, Marcelli, Daniel Scansaroli, Nicolas Le Roux, Le Roux, financials Organizations: UBS Global Wealth Management, UBS, Business, US, UBS GWM, Federal Reserve, UBS GWM's, Companies Locations: Americas, Ukraine, Israel, Europe, China, Japan, Australia

☆ Baby boomers got rich off real estate and they are in perfect position to do it again
▼ + stars: | 2023-11-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Nearly one-fourth of that was built through real estate equity. With less pressure from interest rates, they can take advantage of the current real estate market, too. They're also in the perfect position to help themselves by taking advantage of the current real estate market. However, boomers can make stronger bids on homes for sale because of their savings and real estate equity. AdvertisementMeanwhile, more than one-third of house purchases in September were all-cash, according to the real estate broker RedFin.

Persons: —, They're, Jessica Lautz, RedFin, Jeremy Grantham, Grantham, David Rosenberg, Rosenberg, Merrill Lynch Organizations: Service, National Association of Realtors, NAR, Brigade, Census Bureau, Federal, Rosenberg Research, North, Federal Reserve Locations: North American

☆ Millennial and Gen Z parents are struggling
▼ + stars: | 2023-11-19 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

AdvertisementMillennial and Gen Z parents are finding themselves isolated. But they and Gen Zers behind them have finally caught up to previous generations in terms of their income, Jean Twenge, a psychologist and the author of "Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future," told me. As fast as the money comes in from the pay raises that millennials and Gen Zers have secured, for parents the money goes right back out. These realities can force many millennial and Gen Z parents to make tough choices. But, at the same time, young parents are fleeing those walkable cities for the towns next door.

Persons: Kyle Taylor doesn't, Taylor, they're, Gen, they've, We've, Natalie Groff, Gen Zers, Jean Twenge, Gen X, Silents, Twenge, Groff, she's, Jimmy Gomez, Gomez, of Labor He's, Zers, It's, millennials, they'd, Brittany Pettersen, we've, Pettersen, that's, She's, Becca Balint, didn't, Balint, That's, who's, isn't, Juliana Kaplan Organizations: Bureau of Labor Statistics, Bank of America, Department of Labor, Congressional, Caucus, of Labor, Pew Research Center, National Association of Realtors, Deloitte, Democratic Locations: The Alabama, New York City, California, Younger, Colorado, America, Vermont

☆ New home construction increased in October for second straight month
▼ + stars: | 2023-11-17 | by ( Anna Bahney | ) edition.cnn.com time to read: +1 min

Washington, DC CNN —The annual pace of new home construction increased again last month amid a historic shortage of housing inventory and crushing mortgage rates. Housing starts, a measure of new home construction, jumped by 1.9% in October, compared to the previous month. Starts rose to a seasonally adjusted annual rate of 1.372 million last month, rising above expectations of 1.35 million, according to data released Wednesday by the Census Bureau. Building permits also ticked up in October, climbing 1.1% from August’s revised number to a seasonally adjusted annual rate of 1.487 million. “The new construction housing market is poised to ensure that inventory is available to meet pent-up demand of households who have been waiting for a reprieve in rates before purchasing.”

Persons: ”, Kelly Mangold, Mangold Organizations: DC CNN, Housing, Census, Real Estate Consulting Locations: Washington

☆ Biden Signs Spending Bill, Staving Off a Government Shutdown
▼ + stars: | 2023-11-17 | by ( Lisa Friedman | More About Lisa Friedman | ) www.nytimes.com time to read: +1 min

President Biden signed a short-term government funding bill on Thursday, narrowly averting a government shutdown but leaving a larger spending clash for Congress early next year. The Senate gave final approval to the package late Wednesday, about 48 hours before a shutdown deadline at midnight Friday. The vote in the Senate was 87 to 11, with 10 Republicans and one Democrat, Michael Bennet of Colorado, opposing the bill. It was approved by the House on Tuesday with near-unanimous support from Democrats and nearly half of House Republicans opposing it. The spending plan does not include additional aid for Israel or Ukraine.

Persons: Biden, Michael Bennet of Colorado Organizations: Congress, Energy Department, Jan, Republicans Locations: Israel, Ukraine, San Francisco, Pacific

☆ US housing starts rise moderately; tight supply supporting new construction
▼ + stars: | 2023-11-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Single-family housing starts, which account for the bulk of homebuilding, rose 0.2% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said. Overall housing starts rose 1.9% to a rate of 1.372 million units in October. The number of housing under construction dipped 0.1% to a rate of 1.674 million units. The inventory of single-family housing under construction declined 0.6% to a rate of 669,000 units, the lowest level since May 2021. The stock of multi-family housing under construction edged up 0.1% to 987,000 units, not far from recent record highs.

Persons: Jeffrey Roach, Ben Ayers, Freddie Mac, Bill Adams, Thomas Ryan, Lucia Mutikani, Chizu Nomiyama, Nick Zieminski Organizations: WASHINGTON, Commerce Department, LPL Financial, Commerce, Data, National Association of Home Builders, Nationwide, Federal Reserve, Treasury, Comerica Bank, Reuters, Realtors, Capital Economics, Thomson Locations: Charlotte , North Carolina, homebuilding, Commerce Department's, Northeast, Columbus , Ohio, Dallas, West, South, Midwest

☆ Homebuilder stocks could get another boost from rate hikes ending
▼ + stars: | 2023-11-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —For over a year, the red-hot housing market has been at the mercy of the Federal Reserve’s rate hikes, which have driven mortgage rates to sky-high levels. Mortgage rates have hovered above 7% since August, according to Freddie Mac data. Both those factors have helped create a scorching-hot housing market and a boom in homebuilder stocks, as Americans turned to building as a buying alternative. Moderating bond yields could change the narrative for the housing market. Tight supply and elevated mortgage rates this year made home purchases the least affordable they’ve been since 1984.

Persons: Bell, Freddie Mac, Toll, DR Horton, Lennar, Price, Steve Sosnick, ”, John Petrofsky, Chris Isidore, Danielle Wiener, Bronner, haven’t, Clare Duffy, Donie, Meta Organizations: CNN Business, Bell, New, New York CNN, Homeowners, DR, Federal, Treasury, Interactive, National Association of Home Builders, FBB Capital Partners, Starbucks, United Auto Workers, SAG, Writers Guild of America, Starbucks Workers United, Facebook, Street, Washington Post Locations: New York, Wells Fargo, Buffalo , New York, United States, Brazil, Israel, Italy

The Republican chairman of the bipartisan House Ethics Committee introduced a resolution on Friday to expel Representative George Santos of New York from Congress, citing the committee’s damning new report documenting pervasive campaign fraud and violations of House rules. The move by Representative Michael Guest of Mississippi, the committee’s chairman, laid the groundwork for a pivotal vote after Thanksgiving that could make Mr. Santos the sixth representative to be ejected in the chamber’s history. “The evidence uncovered in the Ethics Committee’s investigative subcommittee investigation is more than sufficient to warrant punishment,” Mr. Guest said in a statement accompanying his five-page resolution. “And the most appropriate punishment is expulsion.”Mr. Santos, a Republican, has survived two expulsion efforts after a crush of reports in The New York Times and other publications exposed his fabricated life story and federal prosecutors charged him with 23 felonies.

Persons: George Santos, Michael Guest of, Santos, Mr, Guest, ” Mr Organizations: Republican, The New York Times Locations: George Santos of New York, Michael Guest of Mississippi

☆ Why Great G.D.P. Growth Isn’t Good Enough for Bidenomics - The New York Times
▼ + stars: | 2023-11-16 | by ( Karen Petrou | ) www.nytimes.com time to read: +2 min

Bidenomics’ mortal enemy isn’t Donald Trump — it’s a reliance on aggregate and average numbers that masks the nature of the economy Americans experience. Although the Fed’s most recent Survey of Consumer Finances showed that wealth inequality has dipped a bit because of recent, generous fiscal spending, income inequality is worse than ever. In a nation this unequal, the income generated by a growing G.D.P. may look robust, but 64 percent of households live paycheck to paycheck from time to time, according to a March consumer survey. These families are barely making it through the week, let alone accumulating the wealth essential for financial resilience and, over time, financial security.

Persons: Donald Trump — Organizations: Consumer Finances, White, Harris Locations: United States

☆ Rescue hopes for men trapped in India tunnel rest on new drill equipment
▼ + stars: | 2023-11-16 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] A crane moves past police officers and rescue team members outside a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 15, 2023. Rescue efforts have been focused on drilling through the fallen rock to create space for a pipe that can be used to pull the men to safety. Work would begin shortly to cover the 60 metres distance to reach the men, said Devendra Singh Patwal, a state disaster management official. Since the tunnel collapsed, the trapped men have been supplied with food, water and oxygen via a pipe and they are in contact with rescuers via walkie-talkies. Authorities have not said what caused the tunnel to cave in but the region is prone to landslides, earthquakes and floods.

Persons: Shankar Prasad Nautiyal, Ranjit Sinha, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Neil Fullick Organizations: REUTERS, Local, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, New Delhi, Char

☆ Opinion: Expelling Santos wouldn’t solve the problem
▼ + stars: | 2023-11-16 | by ( Julian Zelizer | ) edition.cnn.com time to read: +7 min

The report details “substantial evidence” that one of the nation’s most famous liars had violated federal laws. It only adds to the long list of news stories that have uncovered how much of what Santos told voters was not true. Today, the odds became pretty good that enough Republicans might join Democrats in voting to expel Santos. Like Trump, Santos is a symptom, not the cause of what has been happening to the Republican Party. Eliminating him from the caucus will not solve the problem at the core of the party.

Persons: Julian Zelizer, George Santos, Santos ’, ” Santos, Donald Trump, Santos, Republicans can’t, “, ”, Anthony D’Esposito, George Santos ’, —, Trump, Marjorie Taylor Greene, Jon Lovitz’s, Tommy Flanagan —, Lovitz Organizations: CNN, Princeton University, The New York Times, America, House, Republican Rep, Department of Justice, Long Island Republicans, Democrats, GOP, Republicans, Trump, , New, , New York Republicans, Guinness, World Records, Republican Party, Marjorie Taylor Greene of, CBS, Fox News Locations: George Santos of New York, ,, , New York, People’s, Marjorie Taylor Greene of Georgia

☆ Indian workers remain trapped in collapsed tunnel as rescue hampered
▼ + stars: | 2023-11-15 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] Members of rescue teams prepare to conduct a rescue operation after a portion of an under-construction tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 14, 2023. Uttarakhand State Disaster Response Force/Handout via REUTERS Acquire Licensing RightsLUCKNOW, India, Nov 15 (Reuters) - Rescue teams were unable on Wednesday to reach 40 workers trapped in a collapsed highway tunnel in India, as huge boulders were blocking efforts to create an evacuation passage, officials said. It has been three days since the tunnel collapsed but the labourers continue to be safe and healthy, one official involved in the rescue operations told Reuters. Naveen, relief commissioner of Uttar Pradesh state, told Reuters. Local media reported on Tuesday that those near the exit of the tunnel got out, while the 40 who were deeper inside were trapped.

Persons: G.S, Naveen, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Raju Gopalakrishnan Organizations: Disaster, REUTERS Acquire, Reuters, Thomson Locations: Uttarkashi, Uttarakhand, India, LUCKNOW, New Delhi, Uttar Pradesh, Lucknow

☆ US retail sales dip; producer prices post biggest drop in 3-1/2 years
▼ + stars: | 2023-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.

Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's

☆ The day Congress went back to fourth grade
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

The 118th Congress, which took an initial step to punt funding deadlines to the winter, looked more like a fourth grade class on a day that will further erode trust in government ahead of next year’s elections. Across Capitol Hill in the world’s so-called greatest deliberative body, Oklahoma Republican Sen. Markwayne Mullin was spoiling for a prize fight. Senate Republican leader Mitch McConnell, however, suggested that policing the Capitol was beyond even his wily capacity to enforce discipline within his conference. And only in the malfunctioning Congress would a speaker try to prevent one government shutdown by laying the possible path for two others. Israel and Ukraine have nothing to thank Congress forThe most glaring example of Congress’ failure to fulfill its duty on Tuesday came at a pro-Israel demonstration on the National Mall.

Persons: Joe Biden’s, Xi Jinping, Kevin McCarthy –, –, Tim Burchett, CNN’s Manu Raju, McCarthy, Oklahoma Republican Sen, Markwayne Mullin, Sean O’Brien, Mullin, O’Brien, ” Mullin, “, ” O’Brien, Vermont Sen, Bernie Sanders, let’s, ” Sanders, ”, Jared Moskowitz, James Comer, Comer, leafing, Moskowitz couldn’t, Gargamel, Marjorie Taylor Greene, Georgia –, Darrell Issa, Alejandro Mayorkas, Greene, Donald Trump, ” McCarthy, Dakota Sen, John Thune –, Mitch McConnell, who’s, Mike Johnson’s, Johnson, ” Rep, Patrick McHenry, Tom Cole, Trump, Joe Biden, Chuck Schumer, Hakeem Jeffries, Iowa GOP Sen, Joni Ernst, Biden, Vladimir Putin, hasn’t, he’d, ” Connecticut Democratic Sen, Chris Murphy Organizations: CNN, 118th, Republican, GOP, Tennessean, Oklahoma Republican, International Brotherhood of Teamsters, Health, Education, Labor, Pensions, Sooner, Martial Arts, Democratic, Biden, Florida Democrat, Capitol, Georgia Republican, Homeland, Capitol ., Congressional, Senate Republican, Capitol Police, Kentucky Republican, Republicans, ”, CNBC, “, Congress, House Democratic, Iowa GOP, Internal Revenue Service, Senate, White, ” Connecticut Democratic Locations: Israel, Ukraine, Washington, China, Oklahoma, Vermont, Florida, Kentucky, Georgia, California, Capitol . Congress, Dakota, Gaza, Iowa, “ Ukraine, ” Connecticut

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