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☆ Here are the 5 senators who voted against giving workers break time to pump breast milk
▼ + stars: | 2022-12-23 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Five senators voted against expanding protections for breastfeeding workers. The PUMP Act will now be included in the federal Omnibus bill, which the president is expected to sign. In online statements on Thursday, Merkley and Murkowski celebrated the passage of the PUMP Act. "I am encouraged to see the PUMP Act pass the Senate—good progress toward ensuring no mother ever has to choose between a job and nursing her child," Murkowski said. Merkley and Murkowski initially tried to get the PUMP for Nursing Mothers Act voted on as a standalone bill on Tuesday, but the attempt was blocked by Paul.

☆ Republican senators propose overhaul of Federal Reserve amid concerns about politics
▼ + stars: | 2022-12-21 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Among its provisions, the bill would also shrink the 12 regional Fed banks to five. Regional Fed leaders contribute to monetary policy debates, gather local economic intelligence and vote on interest rate decisions on a rotating basis. The structure of regional Fed banks has long made reformers, both on the left and right, uncomfortable. Leaders of these regional Fed boards are chosen by their private boards, although they must be approved by the board in Washington before taking office. In contrast, the Fed in Washington, which oversees the regional Fed banks, is explicitly part of the government.

☆ Exit Interview, Part 2: Senate
▼ + stars: | 2022-12-21 | by ( Sara Eisen | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExit Interview, Part 2: SenateSenator Pat Toomey has been a leading voice on financial issues in the Senate, a fiscal, pro-business Conservative and maybe the last of a dying breed for either chamber of Congress. His decision to retire (a decision he announced in October 2020) set into motion one of the most intriguing campaigns of the 2022 midterm Elections, and the result is that next year, his seat will be occupied by a Democrat for the first time in 6 decades, and the Senate will remain in Democratic control. What does the outgoing Senator think of all that? CNBC's Sara Eisen interviewed him at the 2022 CNBC CFO Council Summit on November 30, 2022.

☆ Trump's campaign rollout has been terrible and his hold on the GOP is weakening, outgoing Republican senator says
▼ + stars: | 2022-12-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Outgoing GOP Sen. Pat Toomey says Trump's influence over the Republican Party is waning. Toomey also said it might have to do with Trump's "unbelievably terrible" 2024 campaign rollout. And frankly, his unbelievably terrible rollout of his election campaign is also not helping him," Toomey said on CNN on Sunday. The outgoing Republican senator added that he thought Trump's influence was already declining, albeit "not as quickly" as he hoped it would. He added that it is a sign of Trump's weakness that other Republican candidates are expressing an intention to run even after Trump announced his campaign.

☆ 10 years after Sandy Hook, Biden says Americans should have 'societal guilt' for gun violence
▼ + stars: | 2022-12-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Marking a decade since the Sandy Hook school shooting, President Joe Biden said Wednesday the U.S. must do more to tackle the nation's gun violence epidemic and that people should have "societal guilt" for taking too long to address it. "I am determined to ban assault weapons and high-capacity magazines like those used at Sandy Hook and countless other mass shootings in America." He reiterated his call on Congress to pass a ban after the mass shooting last month at an LGBTQ nightclub in Colorado Springs. Biden was vice president when the Sandy Hook shooting occurred, and then-President Barack Obama tasked Biden with leading the effort to reduce gun violence. Before this year, the closest Congress had come to passing significant legislation to address gun violence was in the months after the Sandy Hook massacre.

Lawmakers are generally in agreement that crypto firms should have greater regulation, but there are divergent views on how the industry should be regulated. U.S. prosecutors on Tuesday charged FTX founder Sam Bankman-Fried with money laundering and fraud, among other violations. "It is time for Congress to make the crypto industry follow the same money-laundering rules as everyone else," U.S. She and Republican Senator Roger Marshall from Kansas earlier announced legislation aimed at closing money laundering loopholes in the crypto industry. Without U.S. regulation, the value of crypto investments could disappear, said hearing witness and American University law professor Hilary Allen.

☆ FTX founder Sam Bankman-Fried is in a heap of trouble, says Sen. Pat Toomey
▼ + stars: | 2022-12-14 | 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 EmailFTX founder Sam Bankman-Fried is in a heap of trouble, says Sen. Pat ToomeySen. Pat Toomey, the lead Republican on the Senate Banking Committee, joins CNBC's 'Squawk Box' to discuss the Senate's hearing on the fallout of FTX, Sam Bankman-Fried's arrest, and more.

☆ Former FTX CEO Sam Bankman-Fried refuses to testify before Senate, committee says
▼ + stars: | 2022-12-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022. Former FTX CEO Sam Bankman-Fried is refusing to testify at a hearing this week about his company's implosion, the Senate Banking Committee said Monday. Attorneys for the crypto platform's founder have also said Bankman-Fried, who is based in the Bahamas, will not accept service of a subpoena to compel his testimony before the panel, senators said. Bankman-Fried is scheduled to appear at a House Financial Services Committee hearing on Tuesday that will focus on his company's collapse. In a joint statement, Senate Banking Chair Sen. Sherrod Brown, D-Ohio and ranking member Pat Toomey, R-Pa., said they have "offered Sam Bankman-Fried two different dates for providing testimony before the Senate Banking, Housing, and Urban Affairs Committee, and are willing to accommodate virtual testimony."

On Tuesday, for example, Fox News host Sean Hannity said Republicans “have been unwilling for whatever reason” to vote early and by mail. Ahead of the general election, registered Democrats held an 8-point edge over registered Republicans in Georgia in early voting. Now about to enter his seventh term, Schweikert said that Republicans in his state used to enjoy a robust early voting edge. Kirk, who had raised concerns about mail-in voting, changed his tune after the November midterms, tweeting that Republicans must recognize the “power of early voting.” But Johnson has called for a ban on mail-in voting. At the forefront of GOP concerns over early voting is Pennsylvania, where Democrats enjoyed an edge so substantial that Republicans did not come close to overcoming it.

☆ Premarket: Oil stocks are pointing to higher gas prices to come
▼ + stars: | 2022-12-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Brutally high oil and gas prices were the talk of the town in 2022 and one of the largest contributing factors to sky-high inflation. Oil prices and energy stocks are closely interlinked — so this discrepancy is an odd one and could mean that lower gas prices may not be here to stay. What’s happening: The price of West Texas Intermediate crude oil, the US benchmark, which is a large driver of gas prices, has fallen to its lowest level of the year this week — under $72 a barrel. But even though gas prices are falling, they’re still higher than they have been over the past few years. Exxon and Chevron are also speculating that crude prices will remain elevated and that demand will grow.

New York CNN —Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the Senate Banking Committee next week as questions and confusion swirl about the collapse of his companies. One of the key questions prosecutors are likely to probe is whether FTX misappropriated customer funds when it made loans to Alameda. “I didn’t knowingly commingle funds,” he told The New York Times last week. The Times said the issue is part of a broadening inquiry into the collapse of FTX, and it’s not clear whether prosecutors have determined any wrongdoing by Bankman-Fried. In a statement to the paper, Bankman-Fried said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”

☆ Sam Bankman-Fried: US lawmakers want answers from FTX founder
▼ + stars: | 2022-12-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate Banking Committee next week over “significant unanswered questions ” surrounding the collapse of his companies. FTX was one of the biggest crypto exchanges in the world until last month, when it faced a sudden wave of customer withdrawals that it couldn’t cover. One of the key questions prosecutors are likely to probe is whether FTX misappropriated customer funds when it made loans to Alameda. The Times said the issue is part of a broadening inquiry into the collapse of FTX, and it’s not clear whether prosecutors have determined any wrongdoing by Bankman-Fried. In a statement to the paper, Bankman-Fried said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”

☆ Sen. Pat Toomey: FTX fallout is due to outrageous behavior of an individual
▼ + stars: | 2022-12-02 | 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 EmailSen. Pat Toomey: FTX fallout is due to outrageous behavior of an individualSen. Pat Toomey (R-, the lead Republican on the Senate Banking Committee, joins CNBC's 'Squawk Box' to discuss why he disagrees with Congress' decision to avert a rail union strike through legislation. Toomey also discusses what's ahead for crypto and regulation following the collapse of FTX.

☆ Washington lawmakers hold on to crypto holdings despite calls for new laws in wake of FTX collapse
▼ + stars: | 2022-12-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Another lawmaker, Republican Sen. Tommy Tuberville of Alabama, disclosed at a Senate Agriculture Committee hearing about FTX on Thursday that he, too, holds some crypto assets. Tuberville's most recent disclosure reports from this year reviewed by CNBC do not show any crypto stock purchases. Out of all ten offices contacted, only one said they sold their crypto stock holdings after FTX imploded. Rep. Marie Newman, D-Ill., who lost her bid for reelection owned crypto stock up until last week, recently sold her digital token stocks as the industry took a hit. Toomey told CNBC "HODL" when asked about whether he plans to sell his crypto stock following FTX's collapse.

☆ Retiring GOP Sen. Pat Toomey says he has 'no doubt' that Trump 'intended to thwart the outcome' of the 2020 election
▼ + stars: | 2022-11-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sen. Toomey told KDKA his vote to convict Trump over his role on January 6 "was not a close call." "I have absolutely no doubt that ... Trump intended to thwart the outcome of the election," he said. "I have absolutely no doubt that President Trump intended to thwart the outcome of the election." When Toomey was asked if he had any regrets about the vote, the lawmaker was resolute in his thinking. But when asked if Trump should be tried criminally for his role, Toomey said the picture was more unclear in his eyes.

☆ Gisele Fetterman, wife of Pennsylvania Sen.-elect John Fetterman, blasts right-wing 'hate' of her and other 'strong women'
▼ + stars: | 2022-11-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Gisele Fetterman, wife of Democratic U.S. Senate candidate John Fetterman, speaks to supporters after her husband’s win in the Pennsylvania Primary election at a watch party in Pittsburgh, Pennsylvania, U.S. May 17, 2022. The wife of U.S. Sen.-elect John Fetterman of Pennsylvania said right-wing misogyny is fueling personal attacks on her by conservative news outlets and on social media. "The right-wing hates women," Gisele Fetterman told The New Republic magazine in a new interview. "They especially hate strong women, and I think that's what you're seeing," said Fetterman, whose Democratic husband currently is Pennsylvania's lieutenant governor. Gisele Fetterman has become her husband's spokesperson since he suffered a stroke in May.

☆ Four Republican senators so far have broken with their party to support a bill codifying same-sex marriage
▼ + stars: | 2022-11-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The Senate is set to take a procedural vote Wednesday on a bill codifying same-sex marriage into law. Four Republican senators are publicly backing the bill so far, but more could emerge this week. Senators tweaked the bill, which sailed through the Democratic-controlled House in July, to get GOP support. A Gallup poll from June 2021 found that 70% of Americans — including 55% of Republicans — support same-sex marriage. Republican Sen. Lisa Murkowski of Alaska is broadly supportive of same-sex marriage, while retiring Republican Sens.

“Personalities come and go,” said Dave Ball, the GOP chair in Pennsylvania’s Washington County, who has supported and defended Trump. Trump is preparing to do just that, with a Tuesday announcement expected at his Mar-a-Lago resort in Florida. In Illinois, Republicans had threatened to take two state Supreme Court seats and flip state Senate and House seats. In Pennsylvania, GOP leaders had hoped to at least hold on to the seat being vacated by retiring Sen. Pat Toomey. Trump lost the state by narrow margins in 2016 and 2020.

☆ Former FTX CEO Sam Bankman-Fried and allies lose influence in Washington as company collapses
▼ + stars: | 2022-11-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Former FTX CEO Sam Bankman-Fried and his allies are losing advocates in Washington, as the company hits rock bottom. 2 Senate Democrat told CNBC on Monday that the contribution "will be donated to an appropriate charity." It was announced in February that FTX and FTX US were joining the group's board of directors. A spokesman for the crypto trade group told CNBC that "on Thursday, ADAM removed FTX.com and FTX.US from its membership." The lobbying group is led by the former Secretary of Homeland Security Tom Ridge.

☆ Democrats maintain control of Senate, NBC News projects, defeating many Trump-backed Republicans
▼ + stars: | 2022-11-13 | 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: +6 min

Democratic Sen. Mark Kelly of Arizona won his re-election contest in Arizona, NBC News projected Friday evening, directing all eyes to Nevada. Because so many people worried — I did — about this democracy," Senate Majority Leader Chuck Schumer said at a news conference late Saturday. A Walker win would keep the Senate 50-50, where Vice President Kamala Harris casts the tie-breaking vote for Democrats. Build something new," Missouri Republican Sen. Josh Hawley tweeted after it became clear his party had lost hope of retaking the Senate. Ballot measures to support abortion rights won in Michigan, California and Vermont, while an anti-abortion measure on the ballot in Kansas was defeated, NBC News projects.

☆ Republicans say they're skeptical the party will abandon Trump even after a disappointing midterms performance
▼ + stars: | 2022-11-11 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Republicans have been publicly criticizing Trump after the party's performance in the midterms. — We've heard this song before," Doug Heye, a veteran GOP strategist, told Insider on Thursday. In important races, Trump backed dozens of Republican candidates who embraced his politics and leaned into his baseless claims about the 2020 election. "And the Republican party's just not in a position to make that bargain." Current frustrations over Trump also don't mean much unless the chorus continues, and at all levels — local, state, and national, strategists say.

☆ The New York Times News Quiz, November 11, 2022
▼ + stars: | 2022-11-11 | by ( ) www.nytimes.com time to read: 1 min

As of Thursday, control of the Senate remained undecided. But only one seat had been flipped from one party to the other — a seat currently held by the retiring Pat Toomey. In which state is it?

☆ We may not know who controls the U.S. Senate until December; House could be decided much sooner
▼ + stars: | 2022-11-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

And that result could be dragged out even further if one or more of the House races is so close it triggers a recount. The outcome of those races will determine if Democrats retain the slimmest possible majority in the Senate, with the potential to actually increase the majority slightly. Currently, there are 48 Democratic senators and two independents who caucus with them, compared with 50 Republican senators who make up the remainder of the chamber. Democrats hold the majority there since Vice President Kamala Harris, a fellow Democrat, has the power to break ties as president of the Senate. John Fetterman defeated GOP contender Dr. Mehmet Oz for the Senate seat being vacated by Republican Sen. Pat Toomey, who's retiring.

The barrage helped Oz climb back into a race that Fetterman had led all summer — by double digits, according to at least two polls. Fetterman, whose speech and auditory processing were affected by his stroke, agreed to only one debate, on Oct. 25. His struggles were apparent, stoking alarm the next day among Democrats who worried the performance would scare away voters. Mehmet Oz takes part in a forum for Pennsylvania Republican Senate candidates in Camp Hill, Pa. on Apr. “My wife wants some vegetables for crudité,” Oz said, picking out broccoli, asparagus, carrots, guacamole and salsa for the platter of raw vegetables and dips.

☆ Senate Control Up for Grabs With Key Races Too Close to Call
▼ + stars: | 2022-11-09 | by ( Siobhan Hughes | Lindsay Wise | ) www.wsj.com time to read: 1 min

WASHINGTON—The Republican path to control of the Senate narrowed early Wednesday with Democrat John Fetterman ’s victory over physician and television personality Mehmet Oz in Pennsylvania, the first Senate seat flipped by either party. Republicans had poured $85 million into general-election ads for the Pennsylvania contest to try to hold a seat left open by retiring Republican Sen. Pat Toomey . Democrats spent $111 million, according to AdImpact, a political ad tracking firm.

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