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☆ Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price. Trump Media's stock, trading under the ticker DJT , rallied toward the end of this week, but has plummeted starkly from its peak. It involves a trader selling shares that have not been borrowed or arranged to be borrowed. Nunes said that Trump Media has appeared on the Nasdaq's "Reg SHO threshold list," which could indicate illegal trading behavior.

Persons: Devin Nunes, Nunes, Joe Biden, Biden, Donald Trump, Trump, DJT, SHO, Ken Griffin Organizations: Truth, Conservative Political, Trump Media, Trump, Republican, Trump Media tanked, Nasdaq, Securities and Exchange, CNBC, SEC, Citadel Securities, GOP Locations: National Harbor , Maryland, Scranton , Pennsylvania, California

☆ Trump berates judge for 'rushed' hush money trial, days before opening statements
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Former US President Donald Trump sits in the courtroom at Manhattan criminal court in New York, US, on Thursday, April 18, 2024. Donald Trump on Saturday took to social media to deliver another tirade against the judge and the circumstances of his New York hush money trial, which wrapped up jury selection on Friday and is expected to begin opening arguments on Monday. "THIS SCAM 'RUSHED' TRIAL TAKING PLACE IN A 95% DEMOCRAT AREA IS A PLANNED AND COORDINATED WITCH HUNT," the 2024 presumptive Republican presidential nominee wrote in one of several Truth Social posts on Saturday morning. Trump's social media rants targeting Merchan and others involved in the trial have become a regular pattern for the former president, despite a gag order imposed in March. The prosecutors requested a $1,000 sanction for each of the three posts and asked the judge to warn Trump that future violations could result in jail time.

Persons: Donald Trump, HUNT, Juan Merchan, Trump, Stormy Daniels, Merchan, Michael Cohen Organizations: WHO, New, Manhattan Locations: Manhattan, New York, York, New York City, U.S

☆ Rep. Marjorie Taylor Greene blasts Speaker Mike Johnson, says will wait on potential move to vacate
▼ + stars: | 2024-04-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Rep. Marjorie Taylor Greene, R-Ga., leaves the U.S. Capitol after filing a motion to vacate Speaker of the House Mike Johnson, R-La., from his post on Friday, March 22, 2024. Rep. Marjorie Taylor Greene says she will let her fellow House Republicans hear from their constituents before deciding whether to move forward with a vote to remove Speaker Mike Johnson. "I do not support Mike Johnson, he's already a lame duck," Greene told reporters. Greene filed a motion for a vote to force Johnson to vacate the Speaker position in March, but no further action has been taken since then. Speaker Johnson, who spoke to reporters after the votes as well, voiced a similar sentiment.

Persons: Marjorie Taylor Greene, Mike Johnson, Greene, China's ByteDance, Johnson, he's, Chuck Schumer, Joe Biden, — CNBC's Rebecca Picciotto Organizations: U.S, Capitol, CNN, Senate Locations: Taiwan, Ukraine, Israel

☆ House passes Ukraine, Israel, Taiwan aid, potential TikTok ban
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Speaker of the House Mike Johnson, R-La., conducts a news conference in the U.S. Capitol after the House passed the foreign aid package rule on Friday, April 19, 2024. The bills earmark over $60 billion for Ukraine aid, more than $26 billion for Israel and over $8 billion for Taiwan and Indo-Pacific security. The House's approval is a critical next step for foreign aid, which has been in limbo since President Biden first proposed it in October. Despite that looming political backlash, Speaker Johnson was persuaded to revisit the foreign aid package after Iran's attempted strike on Israel last weekend. In response, Johnson put the foreign aid package at the top of the House's agenda.

Persons: Mike Johnson, Joe Biden, Johnson, Leader Jeffries, Biden, Chuck Schumer, Volodymyr Zelenskyy, China's, Marjorie Taylor Greene, Greene, Iran's, Johnson's, Steve Scalise Organizations: U.S, Capitol, United States House, Representatives, Democrats, Republicans, Rep, NBC News Locations: Ukraine, Israel, Taiwan

☆ Biden wants to triple China tariffs on steel, aluminum imports
▼ + stars: | 2024-04-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. Biden's demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration's recent warnings about China's trade practices are not empty threats. In an interview with CNBC's Sara Eisen, Yellen said that tariffs were not off the table if those overcapacity qualms went unaddressed. As China shrugs off the overcapacity concerns, the Biden administration is doubling down on what it perceives as the threat to global trade. "China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry," National Economic Council Director Lael Brainard said on a call with reporters on Tuesday.

Persons: Joe Biden, Xi Jinping, Janet Yellen, CNBC's Sara Eisen, Yellen, China shrugs, Biden, Lael Brainard Organizations: Economic Cooperation, U.S . Trade, United Steelworkers, Economic Locations: Asia, San Francisco, China, Pennsylvania, Pittsburgh

☆ Republican House panel launches probe into Biden's FTC-DOJ task force on corporate pricing
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

"The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. The Strike Force is jointly led by the FTC and the Department of Justice, which have been at the front lines of the Biden administration's regulatory agenda over the past several years. Comer alleged in the letter that "this pattern" of blaming corporate-pricing practices for inflation "signals that the new FTC-DOJ Strike Force will be used as a political tool." But Biden's logic that companies are the ones responsible for high prices, not his economic agenda, could be taking hold with voters. A March survey found that respondents blamed recent price hikes on "large corporations taking advantage of inflation" more than Democratic policies.

Persons: Lina M, Khan, Bill Nelson, Joe Biden's, Lina Khan, Biden, James Comer, Jonathan Kanter, Comer, —, Biden's Organizations: Commerce, Science, NASA, Capitol, Republican, CNBC, Federal Trade, Strike Force, Force, U.S, FTC, Department of Justice, Biden, Kroger, Albertsons, DOJ Strike Force, Democratic Locations: Washington , U.S, Ky

☆ Sen. Tom Cotton encourages drivers to drag Gaza cease-fire protesters from blocked roads
▼ + stars: | 2024-04-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Senator Tom Cotton (R-AK) speaks during a Senate Intelligence Committee hearing on worldwide threats to American security, on Capitol Hill in Washington, U.S., March 11, 2024. Sen. Tom Cotton, R-Ark., on Tuesday doubled down on earlier comments encouraging people stuck in traffic caused by cease-fire protests to "take matters into their own hands" and forcibly remove the demonstrators from the roads. Cotton posted a video on X on Tuesday showing people dragging protesters off the roads by their legs and their jacket hoods, tossing them to the curb to let cars through. "How it should be done," the senator wrote in the post. On Monday, traffic came to an hourslong standstill on the Golden Gate Bridge in San Francisco and in major cities including Chicago, Seattle and New York as demonstrators planted themselves on the roads to draw attention to the war in Gaza.

Persons: Tom Cotton, Sen, Cotton, let's Organizations: Intelligence, Capitol, Fox Locations: Washington , U.S, San Francisco, Chicago, Seattle, New York, Gaza, Arkansas

☆ Speaker Johnson to advance separate Israel, Ukraine, Taiwan bills after Iran attack
▼ + stars: | 2024-04-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Speaker of the House Mike Johnson, R-La., makes his way to the House floor on Friday, March 22, 2024. Rep. Marjorie Taylor Greene, R-Ga., filed a motion to vacate him from the speakership, later in the day. House Speaker Mike Johnson, R-La., on Monday said he plans to move forward with four individual bills to fund Israel, Ukraine and Taiwan, separating out key components of a foreign aid package that has been shelved in the House for months. In March, Rep. Marjorie Taylor Greene, R-Ga., filed a motion to vacate Johnson, but did not force a vote on the motion. "He's definitely not going to be speaker next Congress if we're lucky enough to have the majority," Greene added.

Persons: Mike Johnson, Marjorie Taylor Greene, Johnson, Iran's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, John Kirby, Biden, Greene Organizations: House Republicans, Democratic, National Security, House Republican Locations: Israel, Ukraine, Taiwan, Iran, U.S, Ky, D

☆ White House will ‘wait and see’ on Iran response after attempted Israel strike
▼ + stars: | 2024-04-14 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The White House is taking a "wait and see" approach in response to Iran's attempted strike on Israel, National Security spokesperson John Kirby said Sunday, as President Joe Biden aims to cool down the situation through diplomacy rather than military action. "President Biden, since the beginning of this conflict, has worked very hard to keep this from becoming a broader regional war, to keep the tensions from escalating." On Sunday, Biden convened G-7 leaders to discuss the Iran attack. "Should the Israeli regime make another mistake, Iran's response will be considerably more severe," the statement added. Israel, in turn, vowed to "react and attack" if Iran were to go through with those threats.

Persons: Joe Biden, Iran's, John Kirby, Kirby, Biden, Iran's U.N, Benjamin Netanyahu Organizations: National Security, Fox, Sunday, White, Israeli, NBC Locations: Hiroshima, Japan, Israel, Iran, U.S, Tehran, Damascus

☆ Trump targets two likely witnesses ahead of his criminal trial, despite gag order
▼ + stars: | 2024-04-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Donald Trump on Saturday took aim at two likely witnesses in his upcoming New York hush money trial, testing the boundaries of a gag order that prohibits such public statements. The social media post is the latest challenge to the limits of a gag order that forbids Trump from making public statements about likely witnesses and jurors. In the weeks since, Trump has repeatedly gambled on the limits of the gag order. It would not be the first time Trump has faced consequences for disobeying a gag order. In a separate trial in October, Judge Arthur Engoron fined Trump $10,000 for gag order violations.

Persons: Michael Cohen, Donald Trump, POMERANTZ, Trump, Cohen, Stormy Daniels, Juan Merchan, Daniels, Nelson Mandela, Judge Arthur Engoron Organizations: Trump Organization, Court, Manhattan District Attorney, New York, Trump, Democratic Locations: New York, Manhattan, New York City, York, South Africa

☆ Iran has launched drone attacks at Israel, U.S. officials say
▼ + stars: | 2024-04-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Office of the Iranian SupremeIran on Saturday launched attacks against Israel, according to U.S. officials, escalating long-standing tensions between the two nations that have the potential to trigger a regional war. "Iran has begun an airborne attack against Israel," National Security Council spokesperson Adrienne Watson said in a Saturday statement. Earlier on Saturday, Iran's Revolutionary Guard seized a Portuguese-flagged cargo ship with links to Israel in the Strait of Hormuz, a key shipping route. The Islamic Revolutionary Guard Corps said in a Saturday statement that the missile and drone launches were "in response to the crimes by the Zionist Regime." "If Iran attacks from its territory, Israel will react and attack in Iran," Israeli Foreign Affairs Minister Israel Katz wrote in a Wednesday post on X, tagging the Ayatollah's X account.

Persons: Ali Khamenei, Israel, Adrienne Watson, Daniel Hagari, Joe Biden, Lloyd Austin, Antony Blinken, perpetrating, Israel Katz Organizations: Iran's, Islamic Revolutionary Guard Corps, Saturday, Security, Israel Defense Forces, U.S, White, Defense, Iran's Revolutionary Guard, House, Zionist, Foreign Affairs Locations: Damascus, Tehran, Iran, Iranian, United States, Israel, Portuguese, Strait, Hormuz, Gaza

☆ Biden’s China tariff threats are more bark than bite, economists say
▼ + stars: | 2024-04-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin LamarqueThe Biden administration this week sent several signals of a toughening U.S. economic strategy against China. Earlier in the week, Treasury Secretary Janet Yellen delivered tougher economic red lines on a visit to China. China has so far denied the overcapacity accusation as "groundless" and fired back that the U.S. is threatening protectionist trade policies to stifle global competition. "It remains unclear what this relationship will endure in the months and years ahead," Yellen said at a press conference in Beijing on Monday.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Fumio Kishida, Kishida, Janet Yellen, Yellen, CNBC's Sara Eisen, Republican Donald Trump Organizations: Economic Cooperation, REUTERS, China, Japanese, U.S ., Biden, EU, U.S, Republican Locations: Filoli, Asia, Woodside , California, U.S, Washington, Japan, China, United States, Beijing

☆ Trump slams Biden for 'raging' inflation after hotter-than-expected March price report
▼ + stars: | 2024-04-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

"INFLATION is BACK—and RAGING!," the former president wrote in a Truth Social post. "The Fed will never be able to credibly lower interest rates, because they want to protect the worst President in the history of the Untied States!" "I'm calling on corporations, including grocery retailers, to use record profits to reduce prices," Biden said in a statement following the CPI report. "Congressional Republicans want to slash taxes for billionaires and big corporations, while helping special interests and Big Pharma raise prices. Biden has continually blamed big corporations and Republicans for the lingering high costs of living that consumers still report feeling while touting economic gains from his own policies.

Persons: Donald Trump, Joe Biden, Biden Organizations: Federal Reserve, Congressional, Big Pharma

☆ U.S. ready to sanction Chinese banks if they aid Russia's war machine, Yellen says
▼ + stars: | 2024-04-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The United States is prepared to sanction Chinese banks and companies, as well as Beijing's leadership, if they assist Russia's armed forces with the invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said Monday. "We stand ready to act if we see significant violations, especially by financial institutions," Yellen said in an interview with CNBC's Sara Eisen in Beijing. "Anything that involves aiding Russia's military in their brutal war against Ukraine is unacceptable to us and we have the ability to sanction it." President Joe Biden issued a new executive order in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia's military-industrial complex. But the provision of military aid from Beijing to Moscow could trigger sanctions.

Persons: Janet Yellen, Yellen, CNBC's Sara Eisen, Joe Biden Organizations: Treasury, Treasury Department, U.S Locations: States, Ukraine, U.S, Beijing, China, Russia, Moscow

☆ White House says Israeli troop reduction does not signal new strategy: 'They're tired'
▼ + stars: | 2024-04-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. national security spokesperson John Kirby speaks during a press briefing at the White House in Washington, U.S., March 25, 2024. National Security Spokesman John Kirby on Sunday said that Israel's decision to pull some troops out of Southern Gaza does not appear to indicate a shift in military strategy. However, he added in a separate interview, that after the IDF forces leaving Khan Younis have finished its "rest and refit," the White House does not know what the next military step would be. "What they'll do with those troops after the rest and refit, I can't speak to," Kirby said on CBS' "Face the Nation" on Sunday. "All I can do is say what I said before: We don't support a major ground operation in Rafah.

Persons: John Kirby, Kirby, Khan Younis, Biden, Joe Biden, Benjamin Netanyahu, Israel's, Michael Horowitz Organizations: White, National Security, Israel Defense Forces, Israeli, IDF, Le Beck, NBC News, CBS Locations: Washington , U.S, Southern Gaza, Gaza, Israel, Rafah

☆ Trump says going to jail for gag order violation would be a 'great honor,’ compares himself to Mandela
▼ + stars: | 2024-04-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. And last week, Trump took to Truth Social to share a message that likened his legal troubles to the persecution of Jesus Christ. That first gag order came in response to Trump's repeated calls for the judge to recuse himself. One day after the first gag order was imposed on March 26, Trump went after Merchan's daughter on social media. Under the expanded order, Trump can still criticize Merchan and Bragg individually.

Persons: Donald Trump, Nelson Mandela, Juan Merchan, Trump, Mandela, Jesus Christ, Stormy Daniels, Merchan, Trump's, Attorney Alvin Bragg, Bragg, Judge Arthur Engoron, Joe Biden's, Saturday's Mandela, that's Donald Trump, Biden, Jasmine Harris Organizations: U.S, New York, Republican, Trump, Manhattan District, Attorney Locations: Grand Rapids , Michigan, York, South Africa, Manhattan, Trump

☆ Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Data is clear.
▼ + stars: | 2024-04-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is fighting to convince inflation-weary voters that the U.S. economy is healthy. "America has the best economy in the world," he told NBC's Today Show on Monday, laying out an argument that is central to his reelection campaign. "The U.S. economy is leading the way for the global economy. It's driving the global economic train," Moody's Chief Economist Mark Zandi told CNBC. Besides sticky high prices that are projected to cool in the coming year, Zandi said that the fundamentals of the current U.S. economy are nearly ideal: "The economy is picture perfect.

Persons: Joe Biden, NBC's, Donald Trump, Trump, Mark Zandi, Dow Jones, Zandi Organizations: Flex, International Monetary Fund, IMF, CNBC Locations: U.S, West Columbia, South Carolina, America, United States, Georgia

☆ Biden and Xi Jinping hold phone call ahead of Yellen's trip to China
▼ + stars: | 2024-04-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to "check in" and responsibly manage the strained U.S.-China relationship. During the call with Xi, the first such phone meeting since July 2022, Biden raised a host of U.S. concerns, according to a White House readout of the call. Specifically, Biden confronted Xi on China's "unfair trade policies and non-market economic practices," the White House said. The last time Biden and Xi met in person was in November, on the sidelines of a summit in Woodside, California. "To take it back to that meeting last November, both President Biden and President Xi agreed that they would try to pick up the phone a bit more," the senior administration official said.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Janet Yellen, Antony Blinken, Yellen Organizations: White, U.S ., Russia, U.S, Treasury, Treasury Department, Trump Locations: U.S, China, Taiwan, Ukraine, November's, Woodside , California, Guangzhou, Beijing, United States, Washington

☆ Baltimore engineers begin clearing bridge wreckage to reopen channel
▼ + stars: | 2024-03-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city's shipping port. "I cannot stress enough how important today and the first movement of this bridge and the wreckage is," said Gov. To execute the first lift of the bridge on Saturday, engineers cut a piece of the bridge to make it manageable for their crane. "Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic."

Persons: Dali, Francis Scott Key, Wes Moore, Baltimore Mayor Brandon Scott, Joe Biden, we've, Shannon Gilreath, Moore Organizations: Francis Scott Key Bridge, Baltimore , Maryland . Engineers, U.S . Coast Guard, Baltimore Mayor, Government, Coast Guard, Port Locations: Baltimore , Maryland, Maryland, Baltimore, Port of Baltimore, U.S

☆ AT&T is investigating a leak that put millions of customers' data on the dark web
▼ + stars: | 2024-03-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

AT&T announced Saturday that it is investigating a two-week-old data breach that published millions of customers' data on the dark web, a portion of the internet that can only be accessed using special software. AT&T's preliminary review found that the leaked data was from approximately 2019 or earlier and includes personal information such as names, home addresses, phone numbers, dates of birth and Social Security numbers. The data set does not contain personal financial information or call history. In February, AT&T customers experienced an hours-long cellular outage, which the company clarified resulted from a system issue, not a cyberattack. The company's CEO, John Stankey, later apologized for that incident and provided customer credits to those impacted.

Persons: John Stankey Organizations: Social

☆ Yellen warns China's surplus of solar panels, EVs could be dumped on global markets
▼ + stars: | 2024-03-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

"China's overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world." China has a surplus of solar power, electric vehicles and lithium-ion batteries that it can ship out to other countries at cheaper prices. Yellen said she intends to put pressure on Chinese officials about these trade practices during her upcoming visit to China. Meanwhile, China has been pouring billions into clean energy for years, outpacing the rest of the world in the energy transition. Yellen added that the more China's clean energy glut interferes with global market prices, the worse off supply chains for these energy sectors will be.

Persons: Janet Yellen, Yellen, Biden Organizations: Treasury, Financial Services, General Government, Rayburn House, White House, Biden Administration, Embassy Locations: Washington , DC, China, U.S, Georgia, Washington

☆ Baltimore bridge collapse poses little threat to U.S. economic growth, experts say
▼ + stars: | 2024-03-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Auto companies like BMW and Volkswagen will likely be hit hardest at first, he added, given their heavy reliance on the Baltimore port. Regional economyFor the city of Baltimore, though, the economic impacts of the bridge collapse will hit harder and last longer. The Baltimore port directly employs over 15,000 workers and indirectly supports nearly 140,000 jobs via other port activities, according to Maryland Gov. Baltimore port employees could be temporarily furloughed, or see disruption in their work hours amid the shutdown. "The bridge collapse is the latest challenge for Northeast U.S. supply chains," said S&P Global Head of Supply Chain Research Chris Rogers.

Persons: Francis Scott Key, Roberto Schmidt, Baltimore's Francis Scott Key, Joseph Brusuelas, DALI, Joe Biden, Brusuelas, Mark Zandi, Wes Moore, Zandi, Research Chris Rogers, It's, we've Organizations: AFP, Getty, RSM, Auto, BMW, Volkswagen, Depot, IKEA, shipper FedEx, CNBC, Maryland Gov, Afp, Northeast, Supply, Research, Others Locations: Baltimore , Maryland, Singapore, Baltimore, of Baltimore, Port, United States, of LA, Northeast U.S, Sea, Panama

☆ 'There's going to be a problem': House Republicans ramp up pressure campaign on Speaker Johnson after budget saga
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Before House Speaker Mike Johnson, R-La., can exhale, he will have to face the House Republican hardliners of the Freedom Caucus. Johnson is already in hot water with the Freedom Caucus for his concessions to pass the budget bill and avert a government shutdown. "I think Speaker Johnson — I've been public about this — made a mistake," said Roy. Compromising with Democrats was one of the central grievances that led to former House Speaker Kevin McCarthy's ouster from his post. With the budget finally agreed upon, the Ukraine funding decision will be more challenging for Johnson to dodge.

Persons: Chip Roy, shutdowns, Mike Johnson, haven't, Johnson, Johnson — I've, Roy, Marjorie Taylor Greene, Kevin McCarthy's, Johnson's speakership, Republicans tanked, Donald Trump Organizations: Caucus, U.S, Capitol, Republican, Freedom Caucus, hardliner, Democratic, Republicans Locations: Washington, Ukraine, Israel, Russia, United States

☆ Tammy Murphy drops out of NJ Senate Democratic primary to replace indicted Sen. Bob Menendez
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, announced Sunday that she would withdraw from the state's Democratic Senate primary contest. The winner of that June 4 election will become the favorite to replace indicted Democratic Sen. Bob Menendez. Murphy's exit widens the path for Democratic Rep. Andy Kim to lock down his frontrunner status ahead of the primary. The Murphy campaign declined to provide further comment.

Persons: New Jersey Tammy Snyder Murphy, Philip D, Murphy, Tammy Murphy, Phil Murphy, Democratic Sen, Bob Menendez, Andy Kim, Menendez, Donald Trump, Kim, Larry Hamm, Patricia Campos, Medina, Steven Fulop, It's, Fulop Organizations: New Jersey Democratic Gov, Democratic Senate, Democratic, Democratic Rep, Democrat, Independent, Prosecutors, Benz, Republican, Jersey City Locations: New Jersey, of New Jersey, Trenton , New Jersey, United States, Monmouth County, NJ

☆ Biden signs $1.2 trillion spending package for government funding until October
▼ + stars: | 2024-03-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

President Joe Biden on Saturday signed Congress' $1.2 trillion spending package, finalizing the remaining batch of bills in a long-awaited budget to keep the government funded until Oct. 1. The Senate passed the budget in a 74-24 vote at roughly 2 a.m. However, the White House said that it would not begin official shutdown operations since a deal had ultimately been secured and only procedural actions remained. Hours before the House passed the spending package Friday morning, hardline House Republicans held a press conference to lambast the bill. If ousting a House speaker for budget disagreements feels like a familiar story, that's because it is.

Persons: Joe Biden, Kamala Harris, Mitch McConnell, Mike Johnson, Chuck Schumer, Hakeem Jeffries, Biden, Marjorie Taylor Greene, Johnson, Kevin McCarthy Organizations: White, Saturday, Department of Homeland Security, Republicans, Georgia Republican, Republican, Freedom Caucus Locations: Washington , DC

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