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☆ Stanley Druckenmiller says government needs to stop spending like 'drunken sailors,' cut entitlements
▼ + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"We are spending like drunken sailors," Druckenmiller said on CNBC's "Squawk Box" Wednesday. Now it's 25% of GDP ... My father told me if you're in a hole, stop digging Stan." Despite his calls to cut overall spending, the widely followed investor stressed that it's necessary for the U.S. to support Ukraine and disagrees with Republicans urging to stop funding in that region. "I was actually happy to see when the announcement the support for Ukraine and Israel $106 billion," Druckenmiller said. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992.

Persons: Stanley Druckenmiller, Druckenmiller, Stan, Putin, George Soros Organizations: Social, Duquesne Family Office, Social Security, Quantum Fund, Duquesne Capital Management Locations: Duquesne, Israel, Ukraine

☆ Google cofounder Sergey Brin's secretive 'air yachts' have been approved for flight
▼ + stars: | 2023-10-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Sergey Brin's airship company LTA Research recently received flight clearance for its vessel Pathfinder 1. Brin launched the company in 2016 and plans to use his airships to deliver humanitarian aid. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementGoogle cofounder Sergey Brin's secretive airship is ready to take flight. LTA Research, Brin's company that aims to deliver humanitarian aid through "lighter than air" blimp-like vehicles, announced this week that its Pathfinder 1 vessel received its airworthiness certificate.

Persons: Sergey Brin's, Brin, —, Sergey, Alan Weston, Weston —, — Weston, Ruben Sprich, It's Organizations: LTA Research, Pathfinder, Service, LTA, Moffett, NASA, Google, Goodyear, IEEE Spectrum, Financial Times, Boeing, Bloomberg, Weston, FAA Locations: airspaces, Bay, Palo, Akron , Ohio

WASHINGTON (AP) — The White House is asking lawmakers for more than $23 billion in emergency funding to help the government respond to the tornadoes, wildfires, hurricanes and other natural disasters that have ripped through the U.S. this year. That request is part of a broader package being sent to Capitol Hill Wednesday that asks for additional investments in child care programs and broadband expansion. And that’s on top of the separate, nearly $106 billion request the Biden administration made last week for aid to Ukraine and Israel, as well as other national security priorities. About $2.8 billion is set aside for the Department of Housing and Urban Development to deal with housing needs arising from natural disasters, while another $2.8 billion is allocated for aid funneled through the Department of Agriculture to farmers and ranchers who have suffered from crop losses. The White House is also asking for money to repair damaged roads, help schools in disaster-hit areas and bolster loans for small businesses in such communities.

Persons: Biden, Joe Biden, ” Biden, Idalia Organizations: WASHINGTON, U.S, Capitol Hill, Federal Emergency Management Agency, FEMA, Department of Housing, Urban Development, Department of Agriculture Locations: Ukraine, Israel, Hawaii, Florida, California, Vermont, Fla

☆ China puts $137 bln Band-Aid on local debt wounds
▼ + stars: | 2023-10-25 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

The funds are to be funnelled to cash-strapped local governments struggling under 92 trillion yuan ($12.6 trillion) of debt. The last time was for a 1 trillion yuan special bond issuance in 2020 to combat the economic fallout from Covid-19. All these plans stem from the ruling Politburo in July calling on regulators to formulate “a basket of measures” to resolve risks stemming from local governments’ debt. CONTEXT NEWSChina’s top legislature approved a plan on Oct. 24 to sell 1 trillion yuan ($137 billion) of sovereign bonds. Separately, the Chinese legislature passed a bill to allow local governments to frontload part of their 2024 bond quotas.

Persons: Xi Jinping, Xi Jinping’s, Antony Currie, Thomas Shum Organizations: of, People, REUTERS Acquire, Reuters, Monetary, Thomson Locations: Beijing, China, HONG KONG, Covid

☆ China signals more support for struggling local governments
▼ + stars: | 2023-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central government said it formalized a process allowing local governments to borrow funds for the year ahead — starting in the preceding fourth quarter, according to an announcement published by state media. The measure was adopted at a meeting of the National People's Congress Standing Committee, according to state media. The move helps stabilize fiscal policy, said Xu Hongcai, deputy director of the Economics Policy Commission at the China Association of Policy Science. On Tuesday, Chinese authorities also announced the issuance of 1 trillion yuan ($137 billion) in government bonds for natural disaster relief, according to state media.

Persons: —, Xu Hongcai, Zhiwei Zhang Organizations: Workers, Future Publishing, Getty, State Council, National, China Association of Policy, CNBC, International Monetary Fund, IMF, Xinhua Locations: Suzhou, China's Jiangsu, BEIJING, China

A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change that. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead. In part by emphasizing efficiency, those donors continue to pressure nonprofits to decrease their standing costs, using a slightly different vocabulary. Similarly, more donors understand the value of granting unearmarked funds, which allow nonprofits to change plans or simply to invest in their staff or improve their infrastructure or technology. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Izzy Smith, ” Smith, Isaiah, Stephen Gyllenhaal, Dan Pallotta, Pallotta, Darren Walker, ” Pallotta, ”, “, Michael Thatcher, ” Elizabeth Organizations: Ford Foundation, Urban Institute, Candid, Navigator, Alliance, University of Texas, Associated, Lilly Endowment Inc, AP Locations: The Massachusetts, Dallas

Donations purchased by a Brooklyn synagogue community to aid military and humanitarian relief efforts in Israel are seen being loaded into a car in Brooklyn, New York, U.S. October 10, 2023. Some 5.8 million Jews live in the United States, according to the Pew Research Center. While there is no sign that Israel is short on basic supplies like granola bars, the donations underscore the concern and connection Jews in the United States feel toward Israel. Elan Kornblum, the Brooklyn-based head of Great Kosher Restaurants Foodies, has turned his company's Facebook page of 91,000 members - who usually discuss favorite kosher restaurants - into a forum for coordinating Israel aid efforts. Legacy aid organizations have also leapt to raise money for lifesaving support in Israel and the Palestinian territories in the wake of the attack.

Persons: Rabbi Jonathan Leener, Jonathan Leener, Leener, Yuri Milner, Mike Bloomberg, Magen David Adom, Elan Kornblum, Kornblum, Chayal el, Mordy Botnick, Botnick, el Chayal, Gabriella Borter, Paul Thomasch, Lisa Shumaker Organizations: REUTERS Acquire, Israel Defense Forces, Pew Research Center, Billionaire, Jewish Agency for, Facebook, Newark Liberty International, IDF, Palestine Children's Relief, International Committee, Thomson Locations: Brooklyn, Israel, Brooklyn , New York, U.S, Handout, United States, Jewish Agency for Israel, New York City, Palestine, Gaza, Washington

☆ Japan startup develops 'Gundam'-like robot with $3 mln price tag
▼ + stars: | 2023-10-02 | by ( 杉山聡 Chris Gallagher | Chris Gallagher | ) www.reuters.com time to read: +2 min

[1/5] CEO Ryo Yoshida poses for a photograph with ARCHAX, a giant human-piloted robot developed by his start-up Tsubame Industries Co., in Yokohama, south of Tokyo, Japan September 27, 2023. REUTERS/Issei Kato Acquire Licensing RightsYOKOHAMA, Japan, Oct 2 (Reuters) - Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like "Mobile Suit Gundam" from the wildly popular Japanese animation series, and it can be yours for $3 million. The 3.5-ton robot, which will be unveiled at the Japan Mobility Show later this month, has two modes: the upright 'robot mode' and a 'vehicle mode' in which it can travel up to 10 km (6 miles) per hour. "Japan is very good at animation, games, robots and automobiles so I thought it would be great if I could create a product that compressed all these elements into one," said Ryo Yoshida, the 25-year-old chief executive of Tsubame Industries. Yoshida plans to build and sell five of the machines for the well-heeled robot fan, but hopes the robot could one day be used for disaster relief or in the space industry.

Persons: Ryo Yoshida, Issei Kato, Yoshida, Satoshi Sugiyama, Chris Gallagher, Miyu Ito, Chang, Ran Kim Organizations: Tsubame Industries, REUTERS, Rights, Japan Mobility, Thomson Locations: Yokohama, Tokyo, Japan, Rights YOKOHAMA

☆ Another government shutdown is looming. Here's what needs to happen so Americans don't face the consequences.
▼ + stars: | 2023-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

It will continue funding until November 17, at which point another bill is needed to avert a shutdown. The short-term resolution did not include Ukraine aid, a funding sticking point. "They said they were going to support Ukraine in a separate vote. By a vote of 335 to 91 — with 209 Democrats and 126 Republicans voting in favor — the short-term bill passed Congress. Illinois Rep. Mike Quigley, the only Democrat who voted against the resolution, said he did so because it did not include Ukraine funding.

Persons: —, Democratic Sen, Michael Bennet, Bennet, Biden, Mike Quigley, Putin, Jeanne Shaheen, Kevin McCarthy's, McCarthy, Matt Gaetz, Gaetz Organizations: Service, Federal Aviation Administration, Republicans, Democratic, Ukraine, SNAP, Social Security, Medicare, Lawmakers, Illinois, Politico, GOP, CNN Locations: Ukraine, Congress

Just hours before the government was set to shut down, lawmakers reached a funding deal. AdvertisementAdvertisementLawmakers in Congress miraculously managed to avoid a government shutdown, just three hours before the 12:01 a.m. deadline. AdvertisementAdvertisementNotably, the bill did not contain more funding for Ukraine, a key objection for some Republicans. The consequences of a shutdown would have been drastic for thousands of federal workers, along with Americans who rely on a range of federal programs. House Democrats said in the statement that they expect McCarthy to advance a bill to the House floor for an up-or-down vote on Ukraine funding.

Persons: —, Kevin McCarthy, Joe Biden, Marsha Blackburn, Mike Braun, Ted Cruz, Bill Hagerty, Mike Lee, Roger Marshall, Rand Paul, Eric Schmitt, JD Vance, Matt Gaetz, McCarthy, Gaetz, Andrew Bates, Biden Organizations: Service, Federal Aviation Administration, National Flood Insurance, Ukraine, Republican, Social, GOP, Democratic, House Republicans, House Democrats, Republicans Locations: Ukraine

“I do intend to file a motion to vacate against Speaker McCarthy this week. But now, knowing full well he’s likely to soon face a so-called motion to vacate vote, McCarthy is taking his detractors head-on – and in increasingly combative terms. If the Senate bill advanced, McCarthy would have a harder time arguing his bill was the solution. 3 Senate Republican, opposed the Senate bill, breaking with McConnell, according to a source familiar with the matter. But that wasn’t enough to convince House Democrats to oppose the funding bill with a shutdown looming.

Persons: Kevin McCarthy didn’t, Bryan Steil, Steil, Mike Lawler, Marc Molinaro, Nick LaLota –, McCarthy, ”, Matt Gaetz, CNN’s Jake Tapper, “, ” Gaetz, McCarthy’s, it’s, ” McCarthy, –, Gaetz, Kevin McCarthy, Tom Cole, Tom Emmer, wouldn’t, chomping, ” Steil, Steve Womack, Ralph Norman of, “ I’m, Norman, “ We’ve, Andy Biggs, ” Biggs, Kevin, Don Bacon, Sen, Markwayne Mullin, Mullin, John Thune, Mitch McConnell, McCarthy chatted, Thune, John Barrasso of, McConnell, Hakeem Jeffries, ’, Democratic appropriators, Jamaal Bowman, Democrats ’, Mike Quigley, Congressional Ukraine Caucus –, Putin, ” Quigley, Shuwanza Goff, Steve Ricchetti, Michael Bennet of Colorado, Joe Biden’s, Biden Organizations: CNN, Republican, GOP, Rep, Wisconsin Republican, New York Republicans, Democratic, Florida, Union ”, Democrats, House Democrats, Republicans, Leadership, Border Patrol, Arkansas GOP, Arizona Republican, Nebraska Republican, Senate, White, Ukraine, Cannon, New York Democrat, House, Congressional Ukraine Caucus Locations: ”, Wisconsin, “ State, Ukraine, Arkansas, Ralph Norman of South Carolina, Arizona, Nebraska, Oklahoma, Thune, John Barrasso of Wyoming

Notably, the bill does not include aid for Ukraine, which Democrats, the White House, and some Republicans had advocated strongly for. After a meeting with his conference, House Speaker Kevin McCarthy announced that the House would put the stopgap bill on the floor. But McCarthy positioned the move as one that would enable House Republicans to continue their work on border security going forward, while keeping the government open. Some Democrats delivered strong rebukes of the bill for lacking aid to Ukraine ahead of the vote Saturday. Rep. Rosa DeLauro of Connecticut, the lead appropriator for House Democrats, suggested the move was a “shameful” defiance of the American value of freedom.

Persons: Kevin McCarthy, ” McCarthy, Hakeem Jeffries, McCarthy, Rosa DeLauro, Mr, ” DeLauro, “ Organizations: Republicans, GOP, Senate, Saturday, Capitol, Republican, House Democrats Locations: Ukraine, Connecticut

CNN —The House is expected to take up a GOP stopgap bill to extend government funding on Friday – but House Speaker Kevin McCarthy appears to lack the votes to pass it and Congress is still on track to trigger a government shutdown. McCarthy is gearing up to have his chamber consider a GOP stopgap bill with border provisions attached as House GOP leaders have insisted that border security must be addressed as part of the spending fight. “I still got time, I got time to do other things,” McCarthy responded when asked by CNN’s Manu Raju what will happen if the stopgap bill fails. Separately, House GOP leaders brought a series of spending bills to the floor Thursday evening as they try to show conservatives they are working in good faith to advance full-year funding bills. Meanwhile, the Senate is working to advance a bipartisan stopgap bill that would keep the government open through November 17 and provide additional aid to Ukraine and disaster relief.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, CNN’s Manu Raju, GOP Sen, Rand Paul Organizations: CNN, GOP, California Republican, of Agriculture Locations: California, Ukraine

The House saw progress late Thursday after weeks of intraparty squabbling, as Republicans came together to pass three full-year spending bills. Still, GOP leaders prioritized approving the bills this week to build goodwill with House conservatives who have opposed a stopgap measure to keep the government funded. But House Republicans’ border policy, attached to the continuing resolution, includes, among other things, a provision to restart construction of the border wall and is a nonstarter for most Democrats. The Senate is set to continue voting on the stopgap legislation Saturday in the hopes of approving it on the final day of the fiscal year. The White House chastised House Republicans for “marching our country toward an Extreme Republican Shutdown” on Friday, while endorsing the Senate’s spending plan.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, Biden, –, ’ ”, Karen Hult Organizations: Republicans, Democrat, Senate, White, GOP, Caucus, Republican Party, Virginia Tech, “, Republican Locations: Ukraine

CNN —With only three days to go before government funding expires, Congress is barreling toward a shutdown with the House and Senate at an impasse over a path forward. The White House is sounding alarms about massive disruptions to air travel as tens of thousands of air traffic controllers and Transportation Security Administration personnel work without pay. The White House has warned that a shutdown could risk “significant delays for travelers” across the country. The White House has also warned of impacts to national security, including the 1.3 million active-duty troops who would not get paid during a shutdown. The House is expected to vote on a GOP stopgap bill on Friday, though nothing has been scheduled as of yet.

Persons: Kevin McCarthy, it’s, Mitch McConnell, GOP Sen, Rand Paul of Organizations: CNN, House, Senate, GOP, Democratic, Republicans, US Border Patrol, Transportation Security Administration, TSA Locations: Ukraine, Rand Paul of Kentucky

Passage of the full-year appropriations bills themselves, chock-full of conservative priorities and spending cuts that are nonstarters in the Senate, would not avert a shutdown this week. The Senate’s continuing resolution would keep funding at current levels until Nov. 17, along with appropriating around $6 billion in aid to Ukraine and $6 billion for domestic disaster relief. “By constantly adhering to what the hard-right wants, you’re aiming for a shutdown,” the New York Democrat said. Moreso, the legislation, despite having backing from a number of Senate Republicans, may face headwinds in the House. And whether House leadership even moves to bring the bill to the House floor should it pass the Senate remains an open question.

Persons: Kevin McCarthy, –, Marjorie Taylor Greene, McCarthy, it’s, Chuck Schumer, Mitch McConnell, Sen, Rand Paul of Kentucky, Joe Biden, Biden, “, ” McCarthy Organizations: GOP, Democrat, California Republican, New York Democrat, ”, Kentucky Republican, Ukraine, Moreso, Republicans Locations: California, Ukraine

WASHINGTON (AP) — As the Senate marches ahead with a bipartisan approach to prevent a government shutdown, House Speaker Kevin McCarthy is back to square one — asking his hard-right Republicans to do what they have said they would never do: approve their own temporary House measure to keep the government open. The Republican speaker laid out his strategy Wednesday behind closed doors, urging his unruly Republican majority to work together. It would slash federal spending by 8% from many agencies and toughen border security but has been rejected by President Joe Biden, Democrats and his own right-flank Republicans. But pressed on how he would pass a partisan Republican spending plan that even his own right flank doesn't want, McCarthy had few answers. Political Cartoons View All 1182 ImagesAs the Senate pushes ahead in bipartisan fashion, McCarthy is demanding that Biden meet to discuss border security measures.

Persons: Kevin McCarthy, Joe Biden, “, ” McCarthy, McCarthy, Biden, Chuck Schumer, ” Schumer, Mitch McConnell, ” McConnell, McConnell, ”, Sen, Rand Paul, Donald Trump, Trump, Kevin Freking Organizations: WASHINGTON, Republicans, Republican, Democrats, White, Capitol, Democratic, Sunday, House Republicans, Associated Press Locations: Ukraine, U.S, Ky

“They’re working as a uniparty up there,” said GOP Rep. Max Miller of Ohio, referring to Republicans and Democrats in the Senate. Their split was also on full display last week when McConnell and Schumer publicly appeared together with Ukrainian President Volodymyr Zelensky in the Capitol, while McCarthy opted not to. “If you make a deal, you’ve got to stick to the deal,” Sen. Shelley Moore Capito of West Virginia, a member of Senate GOP leadership, told CNN. “I’m comfortable with the way we put together the Senate bill,” McConnell said. “I don’t see the support in the House,” McCarthy told reporters, referring to the bipartisan stopgap bill.

Persons: Kevin McCarthy, Mitch McConnell, McCarthy, wouldn’t, McConnell, Chuck Schumer, –, GOP Sen, John Cornyn of, McConnell’s, ” McCarthy, you’ve, Schumer, Hakeem, Jeffries, Cory Mills, “, Republicans couldn’t, ”, Max Miller of Ohio, Joe Biden, Donald Trump –, Donald Trump, Volodymyr Zelensky, ” Sen, Shelley Moore Capito, ” Capito, Schumer –, “ Mitch, “ He’s, Sen, ” McConnell, they’re, it’s, Kevin Cramer, Cramer, ‘, ’ ” Cramer Organizations: CNN —, GOP, Republicans, Democrats, Florida Republican, CNN, ”, Senate, Biden, Capitol, Republican, North Dakota Republican, House Republicans Locations: Washington, John Cornyn of Texas, Ukraine, Russia, Florida, West Virginia

☆ Senate introduces a bipartisan bill to keep the government open through Nov. 17
▼ + stars: | 2023-09-26 | by ( Sahil Kapur | Frank Thorp V | ) www.cnbc.com time to read: +3 min

Senate leaders released a short-term funding bill Tuesday — with four days left to avert a government shutdown at the end of this month — to keep money flowing until Nov. 17 to give Congress more time to ink a larger agreement. The bipartisan bill, negotiated between leaders of the Democratic majority and Republican minority, includes $4.5 billion in aid to Ukraine and $6 billion in emergency FEMA funding for disaster relief. "It's always a hypothetical that the Senate is going to do something," McCarthy told reporters. "I'm not going to take up hypotheticals of someday dreaming the Senate is going to do something. Senate Majority Leader Chuck Schumer, D-N.Y., urged senators to pass it.

Persons: Patty Murray, Murray, Kevin McCarthy, McCarthy, I'm, Chuck Schumer, Schumer, Mitch McConnell, McConnell Organizations: Democratic, Republican, GOP Locations: Ukraine, Ky

Lawmakers return to Washington on Tuesday with just a handful of days to avert a government shutdown and a treacherous path forward to keep the government funded as landmines crop up on all sides. It’s an extremely precarious situation, with the consequence of a shutdown looming if lawmakers can’t fund the government by midnight Saturday. House leadership is aiming to move forward on the four full-year spending bills, which are chock-full of conservative policies and face no prospects in the Senate. Even so, whether that fail safe would come in time to avert a shutdown remains to be seen. The White House has asked Congress for roughly $40 billion in funding for Ukraine, domestic disaster relief and border security.

Persons: It’s, Kevin McCarthy, McCarthy, Chuck Schumer teed, ” Schumer, bipartisanship, Volodymyr Zelenskyy, Sen, Rand Paul of Kentucky Organizations: Republicans, Senate, Biden White House, California Republican, Russia, Capitol Locations: Washington, Ukraine

Senate Republicans and Democrats reached agreement on Tuesday on a stopgap spending plan that would head off a government shutdown on Sunday while providing billions in disaster relief and aid to Ukraine, according to officials in both parties, but the measure faced resistance in the Republican-led House. The bill, which is slated to face a test vote late Tuesday afternoon, would keep government funding flowing through Nov. 17 to allow more time for negotiations over yearlong spending bills and provide about $6 billion for the Ukraine war effort as well as approximately $6 billion for disaster relief in the wake of a series of wildfires and floods. Senate leaders hoped to pass it by the end of the week and send it to the House in time to avert a shutdown now set to begin at midnight Saturday. But there was no guarantee that Speaker Kevin McCarthy would bring the legislation to the House floor for a vote, since some far-right Republicans have said they would try to remove him from his post if he did. Still, in putting it forward, Senate leaders in both parties were ratcheting up the pressure on Mr. McCarthy, who has failed to put together a temporary spending plan of his own.

Persons: Kevin McCarthy, McCarthy Organizations: Republicans, Democrats, Republican Locations: Ukraine

WASHINGTON (AP) — With a government shutdown five days away, Congress is moving into crisis mode as Speaker Kevin McCarthy faces an insurgency from hard-right Republicans eager to slash spending even if it means curtailing federal services for millions of Americans. Against the mounting chaos, President Joe Biden warned the Republican conservatives off their hardline tactics, saying funding the federal government is “one of the most basic fundamental responsibilities of Congress." Political Cartoons View All 1179 Images“We made a deal, we shook hands, and said this is what we’re going to do. With five days to go before Saturday's deadline, the turmoil is unfolding as House Republicans hold their first Biden impeachment inquiry hearing this week probing the business dealings of his son, Hunter Biden. With just days remaining before a shutdown, several of the holdouts say they will never vote for any stopgap measure to fund the government as they push for Congress to engage in the full-scale debate.

Persons: Kevin McCarthy, it's, McCarthy, Joe Biden, Biden, reneging, ” Biden, “, ”, Donald Trump, retakes, Hunter Biden, ” Trump, ” McCarthy, Let’s, Marjorie Taylor Greene, Trump, Ken Buck, Buck, he's, ” Buck, Volodymyr Zelenskyy, Matt Gaetz, ” Gatez, “ I’m, McCarthy “, Seung Min Kim, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Senate, Republicans, Trump, Biden, Capitol, Defense, Homeland Security, Agriculture, Foreign, Republican, Democratic, Ukraine, Washington, Russia, Fox, White, Office of Management, Budget, Associated Press Locations: Ukraine, U.S, “, State, Florida

☆ Two House Republicans say they might work with Democrats to fund government
▼ + stars: | 2023-09-22 | by ( Sahil Kapur | Rebecca Kaplan | ) www.cnbc.com time to read: +5 min

WASHINGTON — As the Republican stalemate over government funding continues, two freshman GOP House members opened the door Thursday to end-running their party's leadership and working with Democrats to fund the government. Lawler told reporters that if Republicans can't unify to pass a continuing resolution, or CR, to approve short-term funding, he will pursue a discharge petition with Democrats. "If there is not going to be a CR coming out of the House Republican caucus, then I will move forward with a discharge petition," he said. That means at least five Republicans would have to break off for a discharge petition to succeed — potentially more if not all Democrats sign it. Democratic leaders have downplayed the prospects of a discharge petition to resolve the mess and noted that one hasn't been filed.

Persons: Marc Molinaro, Mike Lawler, Joe Biden, they're, Molinaro, Lawler, Kevin McCarthy, doesn't, Matt Gaetz, —, Bob Good, That's, Lauren Boebert, Pramila Jayapal, Jayapal Organizations: U.S, Capitol, WASHINGTON —, Republican, GOP, New York Republicans, White, Republicans, Democratic Locations: Washington, Hudson Valley, Ukraine

WASHINGTON (AP) — The White House is preparing Friday to direct federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded and avert politically and economically costly disruption of federal services. “We got members working, and hopefully we’ll be able to move forward on Tuesday to pass these bills,” McCarthy, R-Calif., told reporters at the Capitol. McCarthy signaled his preference for avoiding a closure, but a hard-right flank of his House majority has effectively seized control. Trump has urged the House Republicans on, pushing them to hold the line against federal spending. The U.S. Travel Industry Association estimates that the travel sector could lose $140 million daily in a shutdown.

Persons: Kevin McCarthy, ” McCarthy, McCarthy, “, ”, Joe Biden, ” Biden, Donald Trump —, Biden, —, Trump, Matt Gaetz, ” Gaetz, Gaetz, legislating, Brian Gardner Organizations: WASHINGTON, House Republicans, Capitol, Biden, Management, OMB, Republicans, Republican, Trump, GOP, Defense, Homeland Security, Foreign Operations, Agricultural, Congressional, Military, Federal Emergency Management Agency, Women, U.S . Travel Industry Association Locations: U.S, Maryland, Washington

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

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