DIRS.INFO The most relevant business & tech news

☆ New York congressman Hakeem Jeffries is the new House Democratic leader, succeeding Nancy Pelosi
▼ + stars: | 2023-01-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Rep. Hakeem Jeffries on Tuesday succeeded Speaker Nancy Pelosi as House Democratic leader. Jeffries has become the first Black lawmaker to lead a major party in Congress. Jeffries, a Brooklyn native, served in the New York State Assembly before joining Congress in 2013. After being elected by his fellow Democrats, Jeffries has become the first Black lawmaker to lead a major political party in Congress. With veteran Reps. Steny Hoyer of Maryland and Jim Clyburn of South Carolina having previously stepped aside from their House leadership roles, Jeffries is now one of the most prominent figures in the Democratic Party.

☆ Virginia on track to send first Black woman to Congress
▼ + stars: | 2022-12-22 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

State Sen. Jennifer McClellan is on track to become the first Black woman to represent Virginia in Congress after she won the Democratic primary Thursday to fill the seat of Democratic Rep. Donald McEachin, who died last month from cancer. Lamont Bagby, the chair of the Virginia Legislative Black Caucus, in the primary. Morrissey resigned from his state House seat in 2014, but he then ran for that same seat as an independent and won in 2015 — while serving time in jail. Democratic Sen. Tim Kaine of Virginia also threw his support behind her. McClellan had also won the support of other Black leaders in the district, including Richmond Mayor Levar Stoney.

☆ 'How dare he?' New Hampshire seethes at Biden's planned changes to the 2024 Democratic presidential primaries
▼ + stars: | 2022-12-18 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +9 min

“How dare he?” Laurie Jasper, a member of the New Hampshire Federation of Republican Women, said. Salting the wound was the revelation that South Carolina hadn’t even asked to be first, and officials there contend they were as surprised as anyone to be handed the spot. In South Carolina, the majority of Democratic primary voters are African American. “North Carolina is more diverse than South Carolina. Democrats say they aren’t about to retreat behind South Carolina and anyway, they can’t.

☆ South Carolina Democrats stunned by Biden’s plan to put them first in 2024
▼ + stars: | 2022-12-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +4 min

Not even Rep. Jim Clyburn, the longtime dean of South Carolina Democrats and a key Biden ally, received an early heads-up. He found out Thursday night in a phone call from the president, according to a South Carolina Democratic official. Gerald Herbert / AP fileFor a red state, South Carolina plays an outsize role in Democratic politics. The South Carolina plan has plenty of detractors, especially from states that were passed over for the prime spot. Instead, South Carolina would go first, followed by New Hampshire and Nevada on the same day, trailed by Georgia and then Michigan.

☆ Executives at ‘fintechs’ made hundreds of millions handing out PPP Covid cash, report says
▼ + stars: | 2022-12-01 | by ( Laura Strickler | Laura Strickler Is A Washington-Based Investigative Reporter With The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +7 min

The report says Reis is not Black or a veteran. House Select Subcommittee on the Coronavirus Crisis$80 billion in fraudIt’s well known that the $800 billion PPP program was plagued by fraud, with some fraud estimates as high as $80 billion. In a text message obtained by the committee, Reis commented on his company’s success, noting it made nearly $1.5 billion in less than six months processing PPP loans. House Select Subcommittee on the Coronavirus CrisisThe report cited a text message in which Kristen Spencer described the anticipated windfall from processing PPP loans. In July 2021, two months after the last PPP loans went out the door, the Spencers bought an $8 million, 10,975-square-foot mansion, according to local property records.

WASHINGTON — Majority Whip Jim Clyburn, D-S.C., beat back a leadership challenge on Thursday and will remain among the top House Democrats in the next Congress. Clyburn had faced a last-minute, surprise challenge from Rep. David Cicilline, D-R.I., for assistant leader, the No. 4 post, but the latter dropped his bid moments before the vote and endorsed Clyburn, members leaving the closed-door vote said. Cicilline’s decision means that Clyburn, 82, will remain in leadership at a time of generational change for the party. As assistant leader, Clyburn will serve alongside a new leadership slate.

☆ U.S. lawmakers say some fintechs failed to prevent 'obvious' pandemic fraud
▼ + stars: | 2022-12-01 | by ( Hannah Lang | ) www.reuters.com time to read: +2 min

Dec 1 (Reuters) - Several fintech companies that facilitated high volumes of pandemic-related loans to businesses in 2020 had inadequate processes to detect fraud, according to a new report from the U.S. House Select Subcommittee on the Coronavirus Crisis. The program closed to borrowers in May 2021 after lending about $800 billion. The report found internal systems to detect fraud were often lacking. Meanwhile, the committee observed that Bluevine’s lending partner, Celtic Bank, conducted oversight of Bluevine’s anti-fraud controls and prompted the fintech to introduce manual review processes, after which it observed a steep decline in fraud. Reporting by Hannah Lang in Washington; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

4 position in House Democratic leadership. “I would be honored and humbled to have your support and to be able to join Hakeem Jeffries, Katherine Clark, and Pete Aguilar as part of the new generation of House leadership,” Cicilline wrote. From 2011 to 2019, he had served as assistant Democratic leader and also worked as the chair and vice chair of his caucus. Several younger Democrats were upset and surprised by Clyburn's decision to run for a leadership position. Another younger Democratic member who is supporting Cicilline said Wednesday, "I think it’s pretty ridiculous that Nancy had to leave.

WASHINGTON — House Democrats will elect their new leadership team Wednesday morning, ushering in a younger generation of leaders after Speaker Nancy Pelosi and Majority Leader Steny Hoyer decided to step aside after Democrats narrowly lost the majority this month. In recent years, younger, equally ambitious and talented Democrats looking to climb the leadership ladder discovered they had nowhere to go but out. Democratic Caucus Chair Xavier Becerra took an appointment as California's attorney general and then was named by President Joe Biden as health and human services secretary. Others, including Steve Israel of New York, who led both House Democrats' campaign arm and communications shop, opted for retirement. “The House Democratic Caucus is at its best when everyone has an opportunity to be on the playing field, playing the right position," he said.

☆ House Democrats elect Rep. Hakeem Jeffries as leader, the first Black person to lead congressional caucus
▼ + stars: | 2022-11-30 | by ( Scott Wong | Ali Vitali | ) www.cnbc.com time to read: +3 min

House Democratic Caucus Chair Hakeem Jeffries (D-NY) departs a leadership election meeting with the Democratic caucus in the Longworth House Office Building on Capitol Hill November 30, 2022 in Washington, DC. WASHINGTON — House Democrats elected their new leadership team Wednesday, ushering in a younger generation of leaders after Speaker Nancy Pelosi and Majority Leader Steny Hoyer decided to step aside after Democrats narrowly lost the majority this month. Jeffries' top deputy will be Rep. Katherine Clark, D-Mass., 59, a progressive who served under Jeffries as vice chair of the Democratic Caucus and rose to assistant speaker this Congress. Rounding out the trio of new leaders is Rep. Pete Aguilar, D-Calif., 43, a Congressional Hispanic Caucus member and former mayor who was elected Democratic Caucus chairman — the role Jeffries has held for the past four years. Of the current "Big Three" Democrats, only Clyburn, the current majority whip, has opted to stay in leadership in the new Congress.

Shortly before Pelosi’s announcement Thursday that she was stepping down, Intelligence Committee Chairman Adam Schiff signaled he would not run for House leadership and would focus his efforts on a future Senate bid instead. 2 leadership post, Congressional Progressive Caucus Chair Pramila Jayapal of Washington decided to run for another term leading her caucus of roughly 100 House liberals. Aguilar originally had his eyes set on the assistant leader position, but Clyburn’s move forced him to run for caucus chair. 4 and Democratic Caucus chair will move up to No. That left Rep. Joe Neguse, 38, who had been campaigning behind the scenes for months for caucus chair, as the odd man out.

As House Speaker Nancy Pelosi said herself, quoting scripture on the House floor Thursday: “For everything there is a season — a time for every purpose under heaven.”For Pelosi, the season to be leader of House Democrats has passed. She’ll continue to represent San Francisco while serving as an invaluable source of guidance and resolve for the next generation of House Democratic leaders. At 82, Pelosi is a historic figure, of course: the first female House speaker and one of the strongest speakers, if not the strongest, that America has ever seen. Yet as a minority in a GOP-run House, Democrats won’t be able to rack up accomplishments like they did in the last two years. There were calls for Pelosi to step aside in 2010 when Democrats lost 60 House seats — a true wipeout.

"For me, the hour has come for a new generation to lead the Democratic Caucus that I so deeply respect," Pelosi, 82, said in her floor speech. “Pelosi and Hoyer showed a lot of grace in stepping aside,” one younger Democratic lawmaker told NBC News. Meg Kinnard / AP fileAguilar said Friday he is now running for Democratic Caucus chairman. Under that scenario, Aguilar's caucus chair role would move up to No. But with Clyburn going for the assistant job and Aguilar entering the race for caucus chair, Neguse could find himself the odd man out.

WASHINGTON — New York Rep. Hakeem Jeffries, the fourth-ranking House Democrat, said Friday that he will run to replace House Speaker Nancy Pelosi as the party's leader after Republicans took back control of the chamber in last week’s midterm elections. The ascension of the 52-year-old Jeffries to minority leader would also represent generational change. Clark, 59, announced a bid for Democratic Whip, while Aguilar, 43, is running for Democratic Caucus Chair. Congressional Black Caucus Chair Joyce Beatty, D-Ohio, said Thursday she was confident that the powerful bloc of more than 50 Black lawmakers would line up behind Jeffries. “I’m very comfortable saying I believe that every member of the Congressional Black Caucus would vote for Hakeem Jeffries,” Beatty told reporters Thursday.

☆ Hakeem Jeffries announces bid to succeed Nancy Pelosi as House Democratic leader
▼ + stars: | 2022-11-18 | by ( Bryan Metzger | Kayla Gallagher | ) www.businessinsider.com time to read: +3 min

Rep. Hakeem Jeffries of New York has officially announced his bid to become House Democratic leader. Pelosi announced Thursday that she will not seek re-election to a leadership role but will stay in Congress. He has served as the leader of the House Democratic Caucus since 2019 and has long been seen as an heir to Pelosi. If selected to lead his party, Jeffries, who is 52, would create a massive generational shift in the House's democratic leadership. "The time has come for a new generation to lead our magnificent House Democratic Caucus," said Pelosi.

ID.me said it was reviewing the panels' findings and did not have immediate comment. Congress began investigating ID.me after former ID.me employees, government watchdog groups and lawmakers complained the company had been unprepared to handle an onslaught of unemployment insurance applications early in the pandemic. While Reuters and other media last year reported on the waits, investigators said their analysis definitively showed that issues had been widespread. The Democrat-led committees are continuing to investigate other concerns about ID.me, including the accuracy of its facial recognition system and the adequacy of its support for non-English speakers. Reporting by Paresh Dave; Editing by Bradley Perrett and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Nancy Pelosi to announce her future plans Thursday after Democrats lose House
▼ + stars: | 2022-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | Jonathan Allen | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Nancy Pelosi, the first female speaker of the House, will announce plans for her future in a speech on the House floor Thursday, a spokesman said. The speaker’s plans are still unclear, but a source told NBC News that she took home two different versions of the speech she plans to deliver. "We’re all waiting for white smoke from the Vatican," one senior Democratic lawmaker told NBC News. Clyburn said Thursday he plans to stay in Democratic leadership no matter what Pelosi does. Asked about Pelosi's role leading the caucus over the last two decades, Clyburn told NBC News, “She has done absolutely great.

WASHINGTON — House Speaker Nancy Pelosi, D-Calif., is likely to make her future plans clear as soon this week, possibly even Thursday, multiple sources familiar with the matter told NBC News. Pelosi said Sunday she wouldn’t engage with questions about her future until all races were called. Meanwhile, Rep. Hakeem Jeffries, chair of the House Democratic Caucus, is being urged to pursue the leadership role and has met with rank-and-file members. In the office of New Jersey Rep. Josh Gottheimer on Tuesday, he was urged not to miss his moment. Punchbowl News was first to report the Pelosi call with the CA delegation.

ID.me responded that calling its fraud estimate baseless or too high was premature because government auditing was ongoing. Congress began investigating ID.me after former ID.me employees, government watchdog groups and lawmakers complained the company had been unprepared to handle an onslaught of unemployment insurance applications early in the pandemic. While Reuters and other media last year reported on the waits, investigators said their analysis definitively showed that issues had been widespread. ID.me said it regretted the long waits but described them as "short-lived and temporary and caused by historic fraud." The Democrat-led committees are continuing to investigate other concerns about ID.me, including the accuracy of its facial recognition system and the adequacy of its support for non-English speakers.

☆ What comes next if House Speaker Nancy Pelosi decides to step down as top Democrat
▼ + stars: | 2022-11-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

House Speaker Nancy Pelosi is set to give a speech on her political future around 12pm ET. With House Republicans set to take control of the chamber in January, Democrat will be in the minority, and the party's top official will be the House Minority Leader. "We're focused right now on welcoming our new members," said Jeffries at a press conference on Tuesday, declining to elaborate further on the future of Democratic House leadership. Democratic Rep. Joe Neguse of Colorado, elected to the House in 2018, has announced his intention to serve as caucus chair. And several candidates are vying for vice caucus chair, including Reps. Ted Lieu of California, Debbie Dingell of Michigan, Joyce Beatty of Ohio, and Madeline Dean of Pennsylvania.

☆ What comes next now that House Speaker Nancy Pelosi has decided to step down as top Democrat
▼ + stars: | 2022-11-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Democratic Rep. Hakeem Jeffries is likely to become the next top Democrat. That decision tees up a race to succeed Pelosi and fill out the rest of the Democratic leadership team. With House Republicans set to take control of the chamber in January, Democrat will be in the minority, and the party's top official will be the House Minority Leader. Jeffries, currently the party's caucus chair, is widely known to be pursuing the post, but has publicly remained quiet about his plans. "We're focused right now on welcoming our new members," said Jeffries at a press conference on Tuesday, declining to elaborate further on the future of Democratic House leadership.

☆ Nancy Pelosi announces leadership exit after 2 decades leading House Democrats
▼ + stars: | 2022-11-17 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

House Speaker Nancy Pelosi announced that she is stepping aside from her leadership role. The decision comes after Republicans narrowly won the House majority. The decision comes in the wake of Republicans narrowly winning the House majority, ending Pelosi's latest two consecutive terms as Speaker. "Never had I thought that someday I would go from homemaker to House Speaker," the California Democrat, first elected in 1987, said. At 82, Pelosi has long served alongside House Majority Leader Steny Hoyer, 83, and House Majority Whip Jim Clyburn, 82, in leadership.

☆ Nancy Pelosi Mum on Future Plans After Democrats’ Strong Midterm Performance
▼ + stars: | 2022-11-13 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

House Democrats are in limbo over who will lead them next year following midterm elections in which they did better than expected but still appear likely to lose control of the chamber by a narrow margin. Speaker Nancy Pelosi (Calif.), the long-running Democratic leader, hasn’t yet announced her plans, nor have her top two lieutenants, Majority Leader Steny Hoyer (D., Md.) and Whip Jim Clyburn (D., S.C.).

House Democrats have unified as they fight to retain their fragile majority in next month’s midterms. But given Biden’s unpopularity and the GOP lead on the generic congressional ballot (which asks only which party people would support), the more likely scenario is a bad election night for House Democrats. If Pelosi, Hoyer and Clyburn head for the exits, the leadership matchups become pretty clear. Democratic Caucus Chair Hakeem Jeffries, D-N.Y., conducts a news conference in the Capitol Visitor Center on Sept. 20. The Massachusetts Democrat has significant support from fellow female members and has stayed close to the Black, Hispanic and Asian caucuses — big voting blocs in the diverse 220-member Democratic Caucus.

☆ Video: Tim Ryan reacts to Jim Clyburn comments on inflation
▼ + stars: | 2022-10-22 | by ( ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

Search resuls for: "Jim Clyburn"

25 mentions found