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☆ ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
▼ + stars: | 2024-04-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

TikTok spent over $4.5 million this year on a television and digital ad campaign pushing back on legislation that could ban the app, according to data from AdImpact. The Senate first passed a procedural vote on a foreign aid package that contains the new TikTok legislation. It marks the most Urban's firm, LGL Advisors, has been paid by ByteDance in a given quarter, according to federal lobbying data. The most ByteDance previously spent on lobbying in the first quarter was in 2023 for over $1.8 million, according to data from OpenSecrets. ByteDance and TikTok spent over $8 million on lobbying in 2023.

Persons: ByteDance, TikTok, Joe, doesn't, David Urban Organizations: National Security Council, Management, Budget, U.S . Trade, U.S, Senate, LGL Advisors, ByteDance Locations: China, United States, Washington, OpenSecrets

☆ High-speed rail system from Las Vegas to Southern California breaks ground
▼ + stars: | 2024-04-22 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Officials broke ground Monday on a new high-speed rail system that will connect Southern California and Las Vegas. The Brightline West system, touted as the "first true high-speed rail system" in the U.S., will run across a 218-mile route between Las Vegas and three California stops including Rancho Cucamonga, about 40 miles east of Los Angeles. Brightline's first rail system launched in Florida and the route spans between Miami and Orlando. Trains reach speeds of up to 125 mph, connecting the two cities in about 3.5 hours. "People have been dreaming of high-speed rail in America for decades — and now, with billions of dollars of support made possible by President Biden's historic infrastructure law, it's finally happening," Buttigieg said in the release.

Persons: I'm, Pete Buttigieg, Joe Lombardo, it's, Buttigieg Organizations: Washington , D.C, Cucamonga, Infrastructure Law, CNBC, Brightline, Los Angeles Locations: Southern California, Las Vegas, London, Paris, Boston, Washington ,, U.S, California, Los Angeles, Nevada and California, Nevada, Florida, Miami, Orlando, America

☆ It looks like Trump might regret RFK Jr.'s campaign
▼ + stars: | 2024-04-22 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Conventional wisdom suggests that RFK Jr.'s presidential campaign could stop Biden from reelection. Biden leads Trump in an NBC News survey when third-party candidates are in the mix. AdvertisementFormer President Donald Trump's allies may end up regretting Robert F. Kennedy Jr.'s long shot presidential campaign. In the survey, NBC found that a greater share of Trump voters flock to the noted vaccine skeptic's campaign when their presidential choices are expanded beyond just Trump and Biden. Trump leads Biden by 2 points (within the margin of error) in a two-on-two rematch, but the advantage flips to Biden by the same margin when the field is expanded to Biden, Trump, Kennedy, Jill Stein, and Cornel West.

Persons: Biden, Trump, —, Donald Trump's, Robert F, Kennedy Jr, Kennedy, Joe Biden's, Jill Stein, Cornel West, Timothy Mellon, Mike Pence, Democrat — Organizations: RFK Jr, NBC, Service, NBC News, Trump, Biden, Kennedy, GOP, New, Democratic Party, The New York Times, Democrat, Democratic Locations: New York, The

☆ Vital US arms and ammo could reach Ukraine in days once Senate passes military aid bill as expected, Pentagon says
▼ + stars: | 2024-04-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The Pentagon is expediting preparation for a military aid package, awaiting Senate approval. The $95 billion aid bill, expected to pass next week, designates $60 billion for Ukraine. AdvertisementThe Pentagon could rush vital air defense weapons and artillery shells to Ukraine within days if the military aid bill clears the Senate as expected and receives President Joe Biden's signature, said the Department of Defense. The bill is widely expected to pass the Senate in the coming days. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesThe new aid package addresses critical shortages of Ukrainian units, including 155 mm ammunition for NATO-standard artillery systems and medium-range rocket artillery.

Persons: —, Joe Biden's, Biden, Diego Herrera Carcedo, Volodymyr Zelenskyy, Pat Ryder, Jens Stoltenberg Organizations: Pentagon, Service, Department of Defense, Washington Post, Republican Party, Anadolu Agency, Getty, NATO, Guardian, Officials, Pentagon Press, Air Force Locations: Ukraine, Israel, Asia, Russia, Ukrainian, Donetsk Oblast, Washington, Avdiivka, Russian

☆ Mary Trump mocks her uncle for appearing to fall sleep in hush money court
▼ + stars: | 2024-04-21 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Opening remarks for Trump's hush money trial are set to begin Monday. His mouth going slack and his head drooping onto his chest" during the first day of his New York hush money trial. Mary Trump has been a longtime and fervent critic of her renowned relative. The jury for Trump's hush money trial was selected this week, with opening remarks expected on Monday. Donald Trump at the defense table in his Manhattan hush money trial with attorney Emil Bove.

Persons: Trump's, swiped, Mary Trump, narcolepsy, —, Donald Trump's, she's, Joe Biden's, Trump, Sleepy Don, Biden, Joe, he's, Stormy Daniels, Donald Trump, Emil Bove, Jane Rosenberg Organizations: Service, New York Times, Republican, Reuters Locations: York, New York, Manhattan

☆ Trump wins voters on inflation as Biden zeroes in on tariffs, jobs: NBC News poll
▼ + stars: | 2024-04-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

More voters trust Donald Trump than President Joe Biden to deal with inflation and the cost of living, their top concerns for the U.S., according to the latest NBC News poll. The poll of 1,000 registered voters nationwide found that 52% of respondents said Trump would better handle inflation and the cost of living, while 30% said the same of Biden. For example, while Trump lambasts Biden's economy, the president has doubled down on the claim that the U.S. "has the best economy in the world." But voters' rosy memory of the Trump economy has been a consistent thread in early polling and continues to weigh on Biden's momentum. Despite Biden's efforts to refocus the conversation on other economic issues, inflation appears to remain an unavoidable barrier to winning over the public's trust.

Persons: Donald Trump, Joe Biden, Trump, Biden, Herbert Hoover, Donald Organizations: NBC, New York Times, Siena College Locations: Pennsylvania, Pittsburgh, China, Scranton , Pennsylvania, U.S

☆ Senate passes reauthorization of a key U.S. surveillance program after midnight deadline
▼ + stars: | 2024-04-20 | by ( ) www.cnbc.com time to read: +6 min

After its midnight deadline, the Senate voted early Saturday to reauthorize a key U.S. surveillance law after divisions over whether the FBI should be restricted from using the program to search for Americans' data nearly forced the statute to lapse. The legislation approved 60-34 with bipartisan support would extend for two years the program known as Section 702 of the Foreign Intelligence Surveillance Act. "If you miss a key piece of intelligence, you may miss some event overseas or put troops in harm's way," Sen. Marco Rubio, the top Republican on the Senate Intelligence Committee, said. One of the major changes detractors had proposed centered around restricting the FBI's access to information about Americans through the program. "I think that is a risk that we cannot afford to take with the vast array of challenges our nation faces around the world," Democratic Sen. Mark Warner, chair of the Senate Intelligence Committee, said Friday.

Persons: Chuck Schumer, Alejandro Mayorkas, Joe Biden's, Jake Sullivan, Biden, Ayman al, Sen, Marco Rubio, shouldn't, General Merrick Garland, Garland, Schumer, Dick Durbin, Durbin, Democratic Sen, Mark Warner Organizations: Homeland, U.S, Capitol, Foreign Intelligence, White House, FISA, Republican, Senate Intelligence, Justice Department, United, Justice, Biden, U.S . Capitol, Democratic Locations: Washington , U.S, U.S, harm's, United States

US House Speaker Mike Johnson (R-LA) speaks during a news conference following the House Republican caucus meeting at the US Capitol in Washington, DC, on November 29, 2023. Speaker Mike Johnson, facing intense opposition from right-wing members, received crucial help from Democrats to move forward with the votes. Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment," the White House budget office said in a statement Friday endorsing the House package. But Johnson, who opposed Ukraine aid last year before he became speaker, now says he believes it is "critically important," based on the intelligence and briefings he has since gotten. Democrats praised the move to proceed to House votes, highlighting their party's key role.

Persons: Mike Johnson, Joe Biden, Thomas Massie, Chip Roy, Ralph Norman, Johnson, — Massie, Marjorie Taylor Greene, I'm, Vladimir Putin, Don Beyer, Grace Meng Organizations: Republican, The, Democratic, White House, Administration, Naval Academy, U.S, Democrats, couldn't Locations: Washington ,, Ukraine, Israel, U.S, China, Ky, Texas, Europe, American

☆ White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor says
▼ + stars: | 2024-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

President Joe Biden's top economic advisor said Thursday that the White House will "make sure gas prices remain affordable" when asked whether the administration would consider tapping the Strategic Petroleum Reserve. We'll continue to monitor closely and want to make sure that those gas prices remain in current ranges," Brainard said. U.S. crude oil hit a high of $87.67 per barrel this year before pulling back to around $83 a barrel. The White House is keeping a close eye on "geostrategic risk" in the Middle East, Brainard said. Daniel Yergin, vice chairman of S&P Global, said oil prices above $90 presents a problem for the broader market.

Persons: Lael Brainard, Joe Biden's, Brainard, Biden, Lloyd Austin, John Podesta, Tuesday Biden, –, Daniel Yergin, It's, Yergin, CNBC's Organizations: AAA, Summit, Strategic Petroleum Reserve, JPMorgan, Brent, P Global Locations: East, Eastern Europe, Israel, Ukraine, Iran

☆ Biden's push for more Chinese steel tariffs is a political decision, not an economic one: Analyst
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's push for more Chinese steel tariffs is a political decision, not an economic one: AnalystDeborah Elms, head of trade policy at the Hinrich Foundation, discusses U.S. President Joe Biden's push to triple tariffs on Chinese steel and aluminum.

Persons: Deborah Elms, Joe Biden's Organizations: Foundation

☆ Biden wants to sell blue-collar workers the American Dream of a failing China
▼ + stars: | 2024-04-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden on Wednesday pitched his version of US-China relations to steelworkers in Pennsylvania — that Beijing isn't only failing to catch up, but struggling on its own. "They've got a population that is more people in retirement than working," Biden said of China. Those were some of the harshest comments Biden has ever made about China, though it's unclear how the president calculated his retirement figures. Instead of posturing himself a Mr. Fix-It, or a lone warrior fighting the good fight against a strong Beijing, Biden on Wednesday told blue-collar workers that the competition, as it stands, already favors America by a landslide. AdvertisementThe metals industry provides more than 120,000 jobs in Pennsylvania and some $33 billion in economic output, per an April 2023 report published by the Pennsylvania Steel Alliance.

Persons: —, Joe Biden, They've, Biden, Donald Trump, Trump, I've, China's, Biden shied Organizations: Service, Wednesday, steelworkers, US Steelworkers, Business, Republican, US Steel, Japanese Nippon Steel, American, Pennsylvania Steel Alliance . Pennsylvania Locations: China, Pennsylvania —, Beijing, Pittsburgh, Washington, America, Pennsylvania

☆ Economic impact of U.S. tripling tariffs on Chinese steel would be minimal: China Beige Book
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic impact of U.S. tripling tariffs on Chinese steel would be minimal: China Beige BookShehzad Qazi, chief operating officer of China Beige Book International, discusses U.S. President Joe Biden's push to triple tariffs on Chinese steel and aluminum.

Persons: Qazi, Joe Biden's Locations: China

☆ Mike Johnson and progressives are strange bedfellows on Israel and Ukraine aid
▼ + stars: | 2024-04-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

House Speaker Mike Johnson is splitting Ukraine and Israel aid into separate votes. AdvertisementHouse Speaker Mike Johnson's unconventional plan to hold separate votes on Israel and Ukraine aid is designed primarily to appease House Republicans who don't want to vote for more aid to Ukraine. But it's also garnering applause from an unusual place: progressive Democrats who don't want to vote for more Israel aid. "I think it is a great plan," said Rep. Ilhan Omar of Minnesota, who supports Ukraine aid but won't vote for unconditional Israel aid. Related storiesThat's led some progressives to refuse to get on board with the Senate-passed bill, even if they support Ukraine aid.

Persons: Mike Johnson, —, Mike Johnson's, it's, Ilhan Omar, Minnesota, Omar, Biden, Israel, Alexandria Ocasio, Cortez, Ro Khanna, Johnson, Khanna, Marjorie Taylor Greene, Abigail Spanberger Organizations: Service, Israel, GOP, Democratic Senate, Democrats, Republicans, Democratic, Senate, Republican, California, House Republicans Locations: Ukraine, Israel, Gaza, Alexandria, Taiwan, Virginia

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

☆ A beheading meme and 'Mark Ruffalo, naked' — how 'anti-Trump' posts got 5 New Yorkers booted from the hush-money trial
▼ + stars: | 2024-04-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

She was the first of the prospective jurors who were challenged by Trump's defense team on Tuesday over their "anti-Trump" social media. AdvertisementThe prospective juror, identified only as "B-133," had clearly "attended an "anti-Trump rally," defense lawyer Susan Necheles protested. When it was released in 2016, the clip was shared on the Facebook account of the husband of prospective juror B-330. "I would have to say that politically, yes, I do," the prospective juror answered. "Boys request to return to cave"The final prospective juror questioned on their social media posts was a retired grandmother from Manhattan's Lower East Side.

Persons: —, Trump, Mark Ruffalo, Donald Trump's, Juan Merchan deadpanned, Todd Blanche, who'd, Joe Biden's, Susan Necheles, Joshua Steinglass, stammered, Blanche, he'd, DJT, Donald Trump, Robert Downey Jr, Neil Patrick Harris, Donald Trump …, sheepishly, Barack Obama, Trump's, Steinglass, Biden, Harris, Blanche complainingly, Blanche huffed Organizations: Service, Trump, Business, Yorkers, Facebook, Economic Development Corporation, Biden, Thai, White, Republicans Locations: New York City, Midtown, Manhattan's, Thailand, Trump

☆ Biden admin, US ports prep for cyberattacks as nationwide infrastructure is targeted
▼ + stars: | 2024-04-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Anne Neuberger, Deputy National Security Advisor for Cyber and Emerging Technology, cited President Biden's signing in February of an executive order to strengthen the cybersecurity of U.S. ports . The nation's port system is the main point of entry for trade, employs 31 million people, and generates over $5.4 trillion for the U.S. economy. One of the key areas of concern for the Biden administration and the executive order is the security of Chinese-manufactured cranes. Biden administration officials recently warned the nation's governors about the threat to water systems. Isles said it is important to identify the critical safety and business systems at the nation's ports.

Persons: Seroka, Gene Seroka, Anne Neuberger, Biden's, Biden cybersecurity, Neuberger, Biden, Christopher Wray, Google's, Mandiant, Adam Isles, order's rulemaking Organizations: Department of Transportation Maritime Administration, Security Operations Center, National, Technology, Biden, Coast Guard, U.S, Mitsui, FBI, Congress, Chertoff Group, American Association of Port Authorities, CNBC, Port Locations: Angeles Harbor, United States, of Los Angeles, of, Angeles, U.S, China, State, Texas, Muleshoe, Cannon, Clovis , New Mexico, Iran, Pennsylvania, cybersecurity, Port of Los Angeles

☆ 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

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

☆ Senate Democrats unceremoniously kill Mayorkas impeachment trial
▼ + stars: | 2024-04-17 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +5 min

On Wednesday, Senate Democrats voted to declare as unconstitutional both articles of impeachment against Department of Homeland Security Secretary Alejandro Mayorkas — effectively ending the trial. It put a swift end to what had been a monthslong process by House Republicans, championed originally by Rep. Marjorie Taylor Greene of Georgia. Democrats agreed with Schumer's move, effectively rendering the articles moot and the trial over before House Republicans could present their case. Senate Republicans were also unsuccessful in their effort to pressure vulnerable Democrats to back their push for a longer trial. Greene forced her colleagues to vote on moving forward with Mayorkas' impeachment last November.

Persons: —, Alejandro Mayorkas —, Marjorie Taylor Greene, Sen, Lisa Murkowski, Mitt Romney, he's, Chuck Schumer, Schumer's, Schumer, Eric Schmitt, Ted Cruz, Mitch McConnell, Jon Tester, Montana, Mayorkas, Mike Gallagher, Wisconsin —, Joe Biden's, Donald Trump, Greene, Mark Green of Organizations: Service, of Homeland, House Republicans, Business, Senators, Missouri Republican, Republicans, Texas Republican, Senate, GOP, White House, Homeland, Democrats, House Homeland Security, Homeland Security Locations: Marjorie Taylor Greene of Georgia, Alaska, Utah, Missouri, Texas, Wisconsin, Southern, Mark Green of Tennessee

☆ Biden administration releases formal proposal for new student loan forgiveness plan
▼ + stars: | 2024-04-17 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Biden administration has published its new student loan forgiveness proposal, putting it on the path to start clearing debt for millions of borrowers this fall. Outstanding federal education debt in the U.S. stands at around $1.6 trillion, and burdens Americans more than credit card or auto debt. Here's what to know about Biden's new relief plan. More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration.

Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, Joe Biden's, FAFSA, haven't Organizations: Madison Area Technical College, AFP, Getty, U.S, Supreme, U.S . Department of Education, Consumer, Finance, Harvard, Education Department, Education Locations: Madison , Wisconsin, U.S

☆ Americans are losing confidence in their military and government institutions: polls
▼ + stars: | 2024-04-17 | by ( Noah Sheidlower | Madison Hall | ) www.businessinsider.com time to read: +4 min

New Gallup data reveals the US has fallen behind many G7 countries in key indicators. 26% of Americans struggled to afford food in 2023, and confidence in the military has fallen. Related storiesThe US spends more on its military than most of the G7 countries combined, though confidence has progressively fallen over the last few years. US confidence in the military fell to a new low of 81% — and for the first time, US confidence fell below another G7 nation, France. Japan, the lowest of the G7 countries, was only 8%.

Persons: —, Donald Trump's, Trump, Roe, Kevin McCarthy, Gallup, Benedict Vigers Organizations: Gallup, Service, Biden, House, Department, Pew Research, Representatives, OECD Locations: U.S, France, Afghanistan, Biden's, Italy, United Kingdom, Japan, Canada

☆ Senate dismisses two articles of impeachment against Homeland Security secretary, ends trial
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: +8 min

Homeland Security Secretary Alejandro Mayorkas testifies before the House Homeland Security Committee about the Biden Administration's FY2025 budget request in the Cannon House Office Building on Capitol Hill on April 16, 2024 in Washington, DC. Senators voted to dismiss both articles of impeachment and end the trial, with Democrats arguing that the articles were unconstitutional. Still, Republicans similarly moved to dismiss former President Donald Trump's second impeachment trial in 2021, weeks after the Jan. 6, 2021, attack on the Capitol. Johnson had said he would send them to the Senate last week, but he punted again after Senate Republicans said they wanted more time to prepare. The impeachment trial is the third in five years.

Persons: Alejandro Mayorkas, Joe Biden, impeaching Mayorkas, Mike Johnson, Mayorkas, Schumer, Chuck Schumer, William McFarland, Kevin F, Mark Green, Marjorie Taylor Greene, Michael McCaul, Clay Higgins, Ben Cline, Andy Biggs, Michael Guest, Laurel Lee, Harriet Hageman, Andrew Garbarino, Pfluger, Democratic Sen, Patty Murray, Murray, Missouri Sen, Eric Schmitt, Mitch McConnell, McConnell, Donald Trump's, McConnell —, Trump, Johnson, he's, I'm, Joe Biden's, Donald Trump Organizations: Homeland, House Homeland Security, Biden, Cannon, Republicans, House Republicans, Democrats, —, Republican, of Homeland, Democratic, National Archives, Capitol, Senate, Democrat, Tennessee Rep, Congress Locations: Washington , DC, Mexico, U.S, WASHINGTON, Texas, Washington, Missouri, Ky, New York, New York City, Ukraine, Mayorkas

☆ Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
▼ + stars: | 2024-04-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It's the next step in implementing a broader version of debt relief for borrowers. Comments can be submitted to the Federal Register here, which the Education Department will then review. While lawsuits have yet to be formally filed against Biden's administration, Missouri's Attorney General Andrew Bailey wrote on X in response to Biden's relief proposals: "See you in court." And some experts said a conservative Supreme Court could likely rule like they did with Biden's first debt relief plan, striking it down. Following the public comment period, the Education Department will review comments and could choose to adjust their proposals based on the feedback they receive.

Persons: —, Joe Biden, Education James Kvaal, Andrew Bailey, Biden's, Cary Coglianese, it's, It's Organizations: Service, Education Department, Federal, Higher, Department, Education, Business, University of Pennsylvania

☆ Biden says Trump 'doesn't deserve to be the Commander-in-Chief for my son'
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.

Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne

☆ Biden fund gets big donation from son of Republican megadonor Larry Ellison
▼ + stars: | 2024-04-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

David Ellison, CEO of Skydance Media attends the 81st Annual Golden Globe Awards at The Beverly Hilton on January 07, 2024 in Beverly Hills, California. David Ellison, the son of Republican megadonor Larry Ellison, gave $929,600 to back the re-election efforts of President Joe Biden, putting him among the top recent donors to the incumbent Democrat. David Ellison's donation is the largest recorded contribution that the Skydance Media CEO ever made to a federal candidate, according to Federal Election Commission records. David Ellison's donation comes as his father, Larry Ellison, the chairman of Oracle, has kept his wallet firmly shut this election cycle. Larry Ellison donated more than $31 million to Republican candidates during the 2022 congressional midterms, according to data from OpenSecrets.

Persons: David Ellison, The Beverly Hilton, Larry Ellison, Joe Biden, David Ellison's, George Conway, Donald Trump, Dustin Moskowitz, Charles Myers, bundler, Biden, Soros, Myers, George Soros, Biden's, Trump, —, Jeffrey Katzenberg, Katzenberg, Kurt Rappaport, Rappaport Organizations: Skydance Media, The Beverly, Commission, Biden, Facebook, Oracle, Trump, CNBC, Democratic, Republican, Hollywood Locations: Beverly Hills , California, OpenSecrets, Los Angeles

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