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☆ Rep. Josh Gottheimer on New York City's congestion tax: It's insane
▼ + stars: | 2023-07-10 | 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 EmailRep. Josh Gottheimer on New York City's congestion tax: It's insaneRep. Josh Gottheimer (D-N.J.) joins 'Squawk Box' to discuss New York City's congestion tax, the financial impact on commuters from New Jersey, and more.

Persons: Josh Gottheimer Locations: New York, New Jersey

☆ US advances New York City vehicle congestion pricing plan
▼ + stars: | 2023-06-26 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

June 26 (Reuters) - A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a boost on Monday from the U.S. Department of Transportation, which said the city had adequately assessed how the congestion charge would help the environment. Menendez has introduced legislation that would cut 50% of federal highway grant funding to New York state if the plan goes ahead. In May, USDOT approved release of the final environmental assessment for New York's congestion pricing plan for public review. Following entry into a tolling agreement, tolling could begin up to 310 days later, the city said in May. New York City, which has the most congested traffic of any U.S. city, would become the first major city in the U.S. to follow London, which implemented a similar charge in 2003.

Persons: Bob Menendez, Josh Gottheimer, Bill Pascrell, Menendez, USDOT, Donald Trump, David Shepardson, Mark Porter, Matthew Lewis Organizations: U.S . Department of Transportation, Administration, Democratic, York Metropolitan Transportation Authority, . New, Thomson Locations: York City, U.S, New Jersey, New York, Midtown Manhattan, . New York City, London, ., . New York, Manhattan, Washington

☆ Congestion pricing is coming to New York City, officials announce
▼ + stars: | 2023-06-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

CNN —New York City has been cleared to implement congestion pricing, a practice that allows the city to charge drivers entering Lower Manhattan, New York Gov. The plan would also mark the culmination of more than a half-century of efforts to implement congestion pricing in New York City. Ultimately, it was the need to improve New York City’s public transit that became the rallying cry for congestion pricing. The stakes of New York City’s program are high, and leaders in other cities are watching the results closely. “It’s good to see New York City’s program is moving forward,” said the Los Angeles Times Editorial Board last month.

Persons: Kathy Hochul, ”, Michael Bloomberg, Andrew Cuomo —, Kate Slevin, Sam Schwartz, Hochul, “, US Sen, Bob Menendez, Josh Gottheimer, Bill Pascrell, Jr, Washington, CNN’s Gregory Wallace, Rob Frehse Organizations: CNN, New, Lower Manhattan , New York Gov, Federal, Administration, Central Business District, Federal Highway Administration, New York Metropolitan Transportation Authority, ” New York Gov, United, United States Each, MTA, Regional Plan Association, “, Democratic New, US, London, Drivers, Los Angeles Times Locations: New York City, Lower Manhattan ,, Manhattan, United States, New York, Lower Manhattan, New Jersey, Democratic New Jersey, Holland, Lincoln, Jersey, That’s, Stockholm, London, Singapore, York, Los Angeles

☆ House Democrats release wave of bank reform bills
▼ + stars: | 2023-06-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +7 min

WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures that triggered the worst crisis for the sector since 2008. "The failures of Silicon Valley Bank, Signature Bank, and First Republic Bank make clear that it is past time for legislation aimed at strengthening the safety and soundness of our banking system and enhancing bank executive accountability," she said. President Joe Biden called for these actions shortly after the FDIC took over SVB and Signature Bank in March. The bill would have prevented SVB bank executives from cashing out after repeated warnings by regulators, according to Democrats. Neither Signature Bank nor SVB had a bank holding company before they collapsed.

Persons: Maxine Waters, Dodd, Frank, Waters, Joe Biden, Nydia Velazquez, Brad Sherman, Juan Vargas, David Scott, Al Green, Sylvia Garcia of, Emanuel Cleaver, Joyce Beatty, Steven Horsford, Rashida, Velazquez, Sherman, Cleaver, Beatty, Frank Act's, SVB, Vargas, Garcia, Tlaib, Banks, Sean Casten, Josh Gottheimer, Ritchie Torres, Wiley Nickel, Stephen Lynch, Brittany Pettersen Organizations: Financial Services, Washington , D.C, WASHINGTON —, Democrats, Financial Services Committee, Treasury Department, Federal Deposit Insurance Corporation, Silicon Valley Bank, Signature Bank, Banking Committee, Valley Bank, First Republic Bank, FDIC, Democratic, Sylvia Garcia of Texas, Republicans, Sound Banking, Prudential, prudential, Bank, Green, Sherman, Rep, Federal, Office, Federal Reserve, FAIR, Tlaib, Safety, Sherman . Locations: California, Washington ,, New York, Georgia, Missouri, Ohio, Michigan, Green, Horsford, H.R, Silicon, Illinois, New Jersey, North Carolina, Colo

CNN —Treasury Secretary Janet Yellen reaffirmed June 1 as the “hard deadline” for the US to raise the debt ceiling or risk defaulting on its obligations. So I think that that’s a hard deadline,” Yellen said during an interview on NBC’s “Meet the Press.”Yellen’s warning came hours after President Joe Biden delivered a grim assessment on the state of negotiations during his remaining hours in Japan. Reflecting that shift tone, the treasury secretary reiterated that there will be some bills that go unpaid, if the debt ceiling isn’t raised. “There will be hard choices to make if the debt ceiling isn’t raised,” she said. “My devout hope is that Congress will raise the debt ceiling,” she said.

☆ New bipartisan House bill would block pay for members of Congress if U.S. defaults
▼ + stars: | 2023-05-19 | 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 EmailNew bipartisan House bill would block pay for members of Congress if U.S. defaultsRep. Brian Fitzpatrick (R-Pa.) and Rep. Josh Gottheimer, (D-NJ.) join 'Squawk Box' to discuss the latest in debt ceiling showdown, including a bipartisan bill introduced by Rep. Fitzpatrick and Rep. Spanberger (D-Va.) that would prevent members of Congress from getting paid during a U.S. default.

☆ New Jersey’s Senators Push Back on Congestion Pricing
▼ + stars: | 2023-05-15 | by ( Ana Ley | ) www.nytimes.com time to read: +2 min

Many transit advocates, community leaders and urban planning experts in New York have celebrated the progress made toward congestion pricing this month, saying it was long overdue. The loudest opposition to the program has come from New Jersey. Mr. Murphy on Monday also unveiled an advertising campaign criticizing the program, complete with billboards near interstate crossings. Other opponents of congestion pricing have included taxi drivers and Lyft and Uber drivers, who worry that fare increases triggered by the tolls could slash demand for taxis and for-hire rides by up to 17 percent. says the program, which would affect drivers entering Manhattan south of 60th Street, could begin as soon as spring 2024.

☆ N.Y. Congestion Pricing Plan Moves a Step Closer to Reality
▼ + stars: | 2023-05-05 | by ( Ana Ley | ) www.nytimes.com time to read: +2 min

Vehicles carrying people with disabilities and authorized emergency vehicles would be exempt from the tolls. will literally pilfer out of the pockets of Jersey families will go to the M.T.A.”Other critics include taxi drivers, as well as Lyft and Uber drivers. Manhattan residents who live north of the tolling zone have said they fear that motorists, to skirt the new charge, will cluster in their neighborhoods. To the disappointment of those who oppose the plan altogether, protests will most likely not stop transportation officials from moving ahead, though officials have made tweaks to ease concerns. What’s NextOpponents have threatened legal action if the plan continues to advance.

☆ Time for daily talks between Biden, Republicans on debt, moderate Democrat says
▼ + stars: | 2023-04-28 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON (Reuters) - A prominent moderate U.S. House of Representatives Democrat said Friday that it is time for President Joe Biden to begin daily talks with Republicans on government spending and debt, to avoid a calamitous default. REUTERS/Elizabeth FrantzRepresentative Josh Gottheimer rejected Republican demands to raise the $31.4 trillion debt ceiling only in exchange for deep spending cuts. “It’s critically important that all the parties sit down at the White House with the president and start having these conversations. That’s not negotiable,” Biden said on Wednesday, the day House Republicans narrowly passed their own legislation this week to lift the debt ceiling in exchange for sharp spending cuts. Gottheimer said it doesn’t matter whether the debt ceiling is considered together with spending and deficits or looked at separately.

☆ Rep. Josh Gottheimer: We need to do everything we can to address our long-term fiscal health
▼ + stars: | 2023-04-20 | 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 EmailRep. Josh Gottheimer: We need to do everything we can to address our long-term fiscal healthRep. Brian Fitzpatrick (R-PA.) and Rep. Gottheimer (D-NJ. ), members of the bipartisan Problem Solvers Caucus, join 'Squawk Box' to discuss the latest in debt ceiling negotiations, and unveils their own proposal to avoid a U.S. default.

☆ GOP billionaire who funded Clarence Thomas's vacations has also given thousands of dollars to Kyrsten Sinema and Joe Manchin
▼ + stars: | 2023-04-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

GOP megadonor Harlan Crow has been secretly funding lavish vacations for Justice Clarence Thomas. But he's also given thousands to Democrats who've stymied the party's agenda at various times. Joe Manchin and Kyrsten Sinema, as well as Reps. Josh Gottheimer and Henry Cuellar. According to federal campaign finance data, the Texas billionaire has given $16,800 to Rep. Josh Gottheimer of New Jersey since 2018, contributing thousands as recently as October 2022. For his part, Crow told ProPublica in a statement that he and his wife "have never sought to influence Justice Thomas on any legal or political issue."

☆ Democrats in the 'driver's seat' in debate to bring back SALT deductions, says Rep. Gottheimer
▼ + stars: | 2023-02-23 | 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 EmailDemocrats in the 'driver's seat' in debate to bring back SALT deductions, says Rep. GottheimerRep. Josh Gottheimer (D-N.J.) joins 'Squawk Box' to discuss the 'high-stakes' debt limit talks, what Gottheimer has to do to get the Senate to pass the SALT tax and the challenge in bringing down the United States' budget deficit.

☆ House lawmakers relaunch the SALT caucus. Here's what to know about the $10,000 deduction limit for state and local taxes
▼ + stars: | 2023-02-13 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Rep. Bill Pascrell, D-N.J., speaks at a news conference announcing the state and local taxes caucus outside the Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty ImagesA group of bipartisan House representatives relaunched the SALT caucus last week, calling for relief from the $10,000 limit on the federal deduction for state and local taxes. Without an act of Congress, the $10,000 limit will sunset after 2025, but members of the SALT caucus want to see changes sooner. With a slim Democratic House majority, the SALT cap was a sticking point during Build Back Better negotiations, and lawmakers in November 2021 passed an $80,000 SALT cap through 2030 as part of their spending package. More than 30 states have a SALT cap workaround

Since the start of the pandemic, Americans have been able to access free weekly credit reports. "Even when consumers are successful in having their complaint addressed, complaints call into question the underlying data contained in consumers' credit reports," the report read. Navigating the credit reporting system in the United States requires skill and often a good deal of patience. Democratic Rep. Maxine Waters of California, who chaired the panel at the time, said during the hearing that a public credit reporting agency "would be a major upgrade over today's broken, biased credit reporting system." Consumer advocates stress that not only should credit reports be easily accessible but that Americans should be able to scrutinize the information contained in credit reports.

☆ Rep. Josh Gottheimer: SALT has a real chance of being restored in this Congress
▼ + stars: | 2023-02-10 | 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 EmailRep. Josh Gottheimer: SALT has a real chance of being restored in this CongressRep. Josh Gottheimer (D-N.J.) joins 'Squawk Box' to discuss the chances of state governments passing a new tax agenda and more.

☆ House Democrats have already found something to love about Kevin McCarthy's Republican-led House
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The House just used an open process for amending legislation for the first time in 7 years. But in interviews with Insider this week, Democrats also expressed skepticism that the use of open rules would be more than a one-time thing; the open rules that the chamber utilized last week were provided for as part of the House GOP's rules package. "We'll see how long this lasts," said Democratic Rep. Zoe Lofgren of California, a long-time ally of Pelosi. Spanberger herself had fun with open amendments, submitting one that would exclude drilling from areas offshore because the GOP majority was "looking to destroy Virginia's beautiful coastline." said Democratic Rep. Ro Khanna of California, who said he generally favors an open process.

☆ U.S. lawmakers preparing plan to avert debt-ceiling crisis
▼ + stars: | 2023-01-22 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Congress's rules on the debt ceiling are intended to limit growth of the nation's debt. The White House has said raising the debt ceiling should not be a negotiation. Senator Joe Manchin, have said the administration needs to engage in a debt ceiling negotiation. A 2011 standoff over the debt ceiling lead Standard & Poor's to cut the U.S.'s credit rating, a historic first. Biden is hosting Democratic congressional leaders at the White House on Tuesday.

Republicans are on a collision course with the White House, which is demanding that Congress raise the debt limit without conditions. Republicans have waged heated battles over the debt ceiling, most notably in 2011, but they have always been resolved in time. Why does a GOP House complicate debt ceiling negotiations? Republicans have floated everything from budget cuts to socially conservative legislation as part of a debt ceiling increase. The White House had laid down a marker: no negotiations, no policy strings attached to raise the debt ceiling.

WASHINGTON — Many House Republicans are furious with a band of far-right rebels who they say are holding the party hostage by repeatedly rejecting its nominee for speaker. The unwillingness of most House Republicans to cut a deal with Democrats to pick a speaker weakens their leverage in the showdown with a group of 20 right-wing lawmakers who want to defeat Rep. Kevin McCarthy, R-Calif., who is backed by 90% of the GOP caucus. As Bacon and other McCarthy allies dangle the possibility of a bipartisan speaker to secure the votes to make him speaker, the anti-McCarthy faction is calling their bluff. Rep. Bob Good, R-Va., who has voted against McCarthy all six times, said he doesn’t believe any Republicans would go around the House Freedom Caucus and team up with Democrats to pick a speaker. Democrats open door to consensus speakerSome Democrats say they’re open to negotiating a consensus speaker.

☆ Giving away more power did nothing for Kevin McCarthy, who lost his 8th House speaker ballot after further bowing to dissidents' demands
▼ + stars: | 2023-01-05 | by ( Warren Rojas | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy kept flailing Thursday as 20 House conservatives torched another speaker vote. Republican Rep. Josh Gottheimer, who was once a thorn in House Democrats' side, said the GOP could be in for chaos if talks could on their current trajectory. Republican Rep. Dan Crenshaw of Texas previously compared bringing back the procedural maneuver to governing "with a gun to your head." According to multiple reports, McCarthy has now agreed to let a single House Republican wield that power. This almost certainly means McCarthy would need to rely on House Democrats, a scenario that has doomed past GOP speakers.

☆ McCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. Malliotakis
▼ + stars: | 2023-01-05 | 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 EmailMcCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. MalliotakisRep. Josh Gottheimer (D-N.J.), and Rep. Nicole Malliotakis (R-N.Y.), join 'Squawk Box' to discuss the path forward for the House of Representatives, the impact of seeing President Biden and Mitch McConnell together in Kentucky, and more.

☆ SEC Chair Gary Gensler tees up changes to how the stock market operates
▼ + stars: | 2022-12-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

These wholesalers may send the orders to exchanges, but often match the orders against their own internal order flow. However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Execution quality disclosure Market participants are required to submit monthly reports indicating how well they are executing client orders. Gensler has said investors today need a better understanding of how well their trading orders are being executed. Gensler's broad agenda The proposals on market structure are part of a broad agenda Gensler has undertaken this year.

☆ Stolen checks, fraudulent activity: three major trade association PACs fell victim to theft in what's become a political epidemic
▼ + stars: | 2022-11-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +6 min

An Insider review of FEC filings shows that the National Association of Manufacturers' PAC reported eight instances of stolen and fraudulent checks and bank transfers, amounting to more than $10,000 in losses. Federal Election CommissionAnother trade association, the National Association of Home Builders, reported three instances of "fraudulent debit" during the 2021-2022 election cycle, amounting to more than $20,000 in lost funds. A filing with the FEC from the PAC of the National Association of Home Builders that details money lost from fraudulent disbursements. Federal Election CommissionThe National Association of Home Builders represents more than 140,000 members who construct close to 80% of all the new homes built in the US, per the association's website. The National Association of Home Builders did not respond to Insider's request for comment.

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.

☆ Democratic Rep. Josh Gottheimer faces off against Republican Frank Pallotta in New Jersey's 5th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Josh Gottheimer is running against Republican Frank Pallotta in New Jersey's 5th Congressional District. The 5th District stretches through northern New Jersey. New Jersey's 5th Congressional District candidatesGottheimer, first elected in 2016, is vying for a fourth term in Washington, DC. He ran in the general election for New Jersey's 5th Congressional District in 2020, only to lose to Gottheimer, 45.6% to 53.2%. Voting history for New Jersey's 5th Congressional DistrictNew Jersey's 5th Congressional District stretches through northern New Jersey from Bergen County into some of the more rural areas on the state's western flank.

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