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☆ Trump slams Biden for 'raging' inflation after hotter-than-expected March price report
▼ + stars: | 2024-04-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

"INFLATION is BACK—and RAGING!," the former president wrote in a Truth Social post. "The Fed will never be able to credibly lower interest rates, because they want to protect the worst President in the history of the Untied States!" "I'm calling on corporations, including grocery retailers, to use record profits to reduce prices," Biden said in a statement following the CPI report. "Congressional Republicans want to slash taxes for billionaires and big corporations, while helping special interests and Big Pharma raise prices. Biden has continually blamed big corporations and Republicans for the lingering high costs of living that consumers still report feeling while touting economic gains from his own policies.

Persons: Donald Trump, Joe Biden, Biden Organizations: Federal Reserve, Congressional, Big Pharma

☆ U.S. ready to sanction Chinese banks if they aid Russia's war machine, Yellen says
▼ + stars: | 2024-04-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The United States is prepared to sanction Chinese banks and companies, as well as Beijing's leadership, if they assist Russia's armed forces with the invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said Monday. "We stand ready to act if we see significant violations, especially by financial institutions," Yellen said in an interview with CNBC's Sara Eisen in Beijing. "Anything that involves aiding Russia's military in their brutal war against Ukraine is unacceptable to us and we have the ability to sanction it." President Joe Biden issued a new executive order in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia's military-industrial complex. But the provision of military aid from Beijing to Moscow could trigger sanctions.

Persons: Janet Yellen, Yellen, CNBC's Sara Eisen, Joe Biden Organizations: Treasury, Treasury Department, U.S Locations: States, Ukraine, U.S, Beijing, China, Russia, Moscow

☆ White House says Israeli troop reduction does not signal new strategy: 'They're tired'
▼ + stars: | 2024-04-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. national security spokesperson John Kirby speaks during a press briefing at the White House in Washington, U.S., March 25, 2024. National Security Spokesman John Kirby on Sunday said that Israel's decision to pull some troops out of Southern Gaza does not appear to indicate a shift in military strategy. However, he added in a separate interview, that after the IDF forces leaving Khan Younis have finished its "rest and refit," the White House does not know what the next military step would be. "What they'll do with those troops after the rest and refit, I can't speak to," Kirby said on CBS' "Face the Nation" on Sunday. "All I can do is say what I said before: We don't support a major ground operation in Rafah.

Persons: John Kirby, Kirby, Khan Younis, Biden, Joe Biden, Benjamin Netanyahu, Israel's, Michael Horowitz Organizations: White, National Security, Israel Defense Forces, Israeli, IDF, Le Beck, NBC News, CBS Locations: Washington , U.S, Southern Gaza, Gaza, Israel, Rafah

☆ Trump says going to jail for gag order violation would be a 'great honor,’ compares himself to Mandela
▼ + stars: | 2024-04-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. And last week, Trump took to Truth Social to share a message that likened his legal troubles to the persecution of Jesus Christ. That first gag order came in response to Trump's repeated calls for the judge to recuse himself. One day after the first gag order was imposed on March 26, Trump went after Merchan's daughter on social media. Under the expanded order, Trump can still criticize Merchan and Bragg individually.

Persons: Donald Trump, Nelson Mandela, Juan Merchan, Trump, Mandela, Jesus Christ, Stormy Daniels, Merchan, Trump's, Attorney Alvin Bragg, Bragg, Judge Arthur Engoron, Joe Biden's, Saturday's Mandela, that's Donald Trump, Biden, Jasmine Harris Organizations: U.S, New York, Republican, Trump, Manhattan District, Attorney Locations: Grand Rapids , Michigan, York, South Africa, Manhattan, Trump

☆ Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Data is clear.
▼ + stars: | 2024-04-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden is fighting to convince inflation-weary voters that the U.S. economy is healthy. "America has the best economy in the world," he told NBC's Today Show on Monday, laying out an argument that is central to his reelection campaign. "The U.S. economy is leading the way for the global economy. It's driving the global economic train," Moody's Chief Economist Mark Zandi told CNBC. Besides sticky high prices that are projected to cool in the coming year, Zandi said that the fundamentals of the current U.S. economy are nearly ideal: "The economy is picture perfect.

Persons: Joe Biden, NBC's, Donald Trump, Trump, Mark Zandi, Dow Jones, Zandi Organizations: Flex, International Monetary Fund, IMF, CNBC Locations: U.S, West Columbia, South Carolina, America, United States, Georgia

☆ Biden and Xi Jinping hold phone call ahead of Yellen's trip to China
▼ + stars: | 2024-04-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to "check in" and responsibly manage the strained U.S.-China relationship. During the call with Xi, the first such phone meeting since July 2022, Biden raised a host of U.S. concerns, according to a White House readout of the call. Specifically, Biden confronted Xi on China's "unfair trade policies and non-market economic practices," the White House said. The last time Biden and Xi met in person was in November, on the sidelines of a summit in Woodside, California. "To take it back to that meeting last November, both President Biden and President Xi agreed that they would try to pick up the phone a bit more," the senior administration official said.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Janet Yellen, Antony Blinken, Yellen Organizations: White, U.S ., Russia, U.S, Treasury, Treasury Department, Trump Locations: U.S, China, Taiwan, Ukraine, November's, Woodside , California, Guangzhou, Beijing, United States, Washington

☆ Baltimore engineers begin clearing bridge wreckage to reopen channel
▼ + stars: | 2024-03-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Engineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process to reopen the city's shipping port. "I cannot stress enough how important today and the first movement of this bridge and the wreckage is," said Gov. To execute the first lift of the bridge on Saturday, engineers cut a piece of the bridge to make it manageable for their crane. "Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic."

Persons: Dali, Francis Scott Key, Wes Moore, Baltimore Mayor Brandon Scott, Joe Biden, we've, Shannon Gilreath, Moore Organizations: Francis Scott Key Bridge, Baltimore , Maryland . Engineers, U.S . Coast Guard, Baltimore Mayor, Government, Coast Guard, Port Locations: Baltimore , Maryland, Maryland, Baltimore, Port of Baltimore, U.S

☆ AT&T is investigating a leak that put millions of customers' data on the dark web
▼ + stars: | 2024-03-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

AT&T announced Saturday that it is investigating a two-week-old data breach that published millions of customers' data on the dark web, a portion of the internet that can only be accessed using special software. AT&T's preliminary review found that the leaked data was from approximately 2019 or earlier and includes personal information such as names, home addresses, phone numbers, dates of birth and Social Security numbers. The data set does not contain personal financial information or call history. In February, AT&T customers experienced an hours-long cellular outage, which the company clarified resulted from a system issue, not a cyberattack. The company's CEO, John Stankey, later apologized for that incident and provided customer credits to those impacted.

Persons: John Stankey Organizations: Social

☆ Yellen warns China's surplus of solar panels, EVs could be dumped on global markets
▼ + stars: | 2024-03-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

"China's overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world." China has a surplus of solar power, electric vehicles and lithium-ion batteries that it can ship out to other countries at cheaper prices. Yellen said she intends to put pressure on Chinese officials about these trade practices during her upcoming visit to China. Meanwhile, China has been pouring billions into clean energy for years, outpacing the rest of the world in the energy transition. Yellen added that the more China's clean energy glut interferes with global market prices, the worse off supply chains for these energy sectors will be.

Persons: Janet Yellen, Yellen, Biden Organizations: Treasury, Financial Services, General Government, Rayburn House, White House, Biden Administration, Embassy Locations: Washington , DC, China, U.S, Georgia, Washington

☆ Baltimore bridge collapse poses little threat to U.S. economic growth, experts say
▼ + stars: | 2024-03-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Auto companies like BMW and Volkswagen will likely be hit hardest at first, he added, given their heavy reliance on the Baltimore port. Regional economyFor the city of Baltimore, though, the economic impacts of the bridge collapse will hit harder and last longer. The Baltimore port directly employs over 15,000 workers and indirectly supports nearly 140,000 jobs via other port activities, according to Maryland Gov. Baltimore port employees could be temporarily furloughed, or see disruption in their work hours amid the shutdown. "The bridge collapse is the latest challenge for Northeast U.S. supply chains," said S&P Global Head of Supply Chain Research Chris Rogers.

Persons: Francis Scott Key, Roberto Schmidt, Baltimore's Francis Scott Key, Joseph Brusuelas, DALI, Joe Biden, Brusuelas, Mark Zandi, Wes Moore, Zandi, Research Chris Rogers, It's, we've Organizations: AFP, Getty, RSM, Auto, BMW, Volkswagen, Depot, IKEA, shipper FedEx, CNBC, Maryland Gov, Afp, Northeast, Supply, Research, Others Locations: Baltimore , Maryland, Singapore, Baltimore, of Baltimore, Port, United States, of LA, Northeast U.S, Sea, Panama

☆ 'There's going to be a problem': House Republicans ramp up pressure campaign on Speaker Johnson after budget saga
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Before House Speaker Mike Johnson, R-La., can exhale, he will have to face the House Republican hardliners of the Freedom Caucus. Johnson is already in hot water with the Freedom Caucus for his concessions to pass the budget bill and avert a government shutdown. "I think Speaker Johnson — I've been public about this — made a mistake," said Roy. Compromising with Democrats was one of the central grievances that led to former House Speaker Kevin McCarthy's ouster from his post. With the budget finally agreed upon, the Ukraine funding decision will be more challenging for Johnson to dodge.

Persons: Chip Roy, shutdowns, Mike Johnson, haven't, Johnson, Johnson — I've, Roy, Marjorie Taylor Greene, Kevin McCarthy's, Johnson's speakership, Republicans tanked, Donald Trump Organizations: Caucus, U.S, Capitol, Republican, Freedom Caucus, hardliner, Democratic, Republicans Locations: Washington, Ukraine, Israel, Russia, United States

☆ Tammy Murphy drops out of NJ Senate Democratic primary to replace indicted Sen. Bob Menendez
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, announced Sunday that she would withdraw from the state's Democratic Senate primary contest. The winner of that June 4 election will become the favorite to replace indicted Democratic Sen. Bob Menendez. Murphy's exit widens the path for Democratic Rep. Andy Kim to lock down his frontrunner status ahead of the primary. The Murphy campaign declined to provide further comment.

Persons: New Jersey Tammy Snyder Murphy, Philip D, Murphy, Tammy Murphy, Phil Murphy, Democratic Sen, Bob Menendez, Andy Kim, Menendez, Donald Trump, Kim, Larry Hamm, Patricia Campos, Medina, Steven Fulop, It's, Fulop Organizations: New Jersey Democratic Gov, Democratic Senate, Democratic, Democratic Rep, Democrat, Independent, Prosecutors, Benz, Republican, Jersey City Locations: New Jersey, of New Jersey, Trenton , New Jersey, United States, Monmouth County, NJ

☆ Biden signs $1.2 trillion spending package for government funding until October
▼ + stars: | 2024-03-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

President Joe Biden on Saturday signed Congress' $1.2 trillion spending package, finalizing the remaining batch of bills in a long-awaited budget to keep the government funded until Oct. 1. The Senate passed the budget in a 74-24 vote at roughly 2 a.m. However, the White House said that it would not begin official shutdown operations since a deal had ultimately been secured and only procedural actions remained. Hours before the House passed the spending package Friday morning, hardline House Republicans held a press conference to lambast the bill. If ousting a House speaker for budget disagreements feels like a familiar story, that's because it is.

Persons: Joe Biden, Kamala Harris, Mitch McConnell, Mike Johnson, Chuck Schumer, Hakeem Jeffries, Biden, Marjorie Taylor Greene, Johnson, Kevin McCarthy Organizations: White, Saturday, Department of Homeland Security, Republicans, Georgia Republican, Republican, Freedom Caucus Locations: Washington , DC

☆ Ohio GOP Senate primary offers an early test of Trump's endorsement strength
▼ + stars: | 2024-03-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Despite his name recognition, LaRose lost momentum in part because Dolan and Moreno were able to self-fund their own campaigns. The Trump testAcross the country, Republicans are closely watching the Buckeye State's primary race for signs of Trump's hold on Republican voters. "Under Trump, Republicans keep losing," former presidential candidate Nikki Haley posted on X, before she dropped out of the race. On Sunday, DeWine dodged questions about whether Trump's Moreno endorsement would be enough to swing Tuesday's primary in Moreno's favor. "Ohio is maybe one of the states that decides who controls the United States Senate.

Persons: Donald Trump, Bernie Moreno, Democratic Sen, Sherrod Brown, Donald Trump's MAGA, Trump, State Sen, Matt Dolan, Mike DeWine, Joe Biden, Frank LaRose, LaRose, Dolan, Moreno, Nikki Haley, Let's, DeWine, Trump's Moreno, Spokespeople, Bernie, Moreno's, Moreno —, Brown Organizations: Ohio Republican, US, Dayton International Airport, Republican, Democratic, Senate, Republicans, State, Ohio, Cleveland Guardians, Trump, Buckeye, GOP, Associated Press, AP, Democrats, United States Senate Locations: Vandalia , Ohio, Ohio, Donald Trump . Ohio, Moreno's, Dayton , Ohio, . Ohio, Moreno

☆ Trump-backed candidate Bernie Moreno wins Ohio Republican Senate primary, NBC News projects
▼ + stars: | 2024-03-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

US Senate candidate Bernie Moreno, Republican of Ohio, speaks before former US President and Republican presidential candidate Donald Trump takes the stage during a Buckeye Values PAC Rally in Vandalia, Ohio, on March 16, 2024. Donald Trump-backed businessman Bernie Moreno will win Ohio's Republican Senate primary, NBC News projects, teeing up a high stakes November contest against incumbent Democratic Sen. Sherrod Brown. Moreno's main opponent was State Sen. Matt Dolan, who secured the endorsement of Ohio's popular Republican Gov. My endorsement of President but from President Trump, I wear that with a badge of honor," Moreno said. "It's evident that Donald Trump's endorsement for Bernie Moreno was a key factor," Dolan told reporters after conceding the race to Moreno.

Persons: Bernie Moreno, Donald Trump, Democratic Sen, Sherrod Brown, Moreno, State Sen, Matt Dolan, Mike DeWine, Frank LaRose, Trump's MAGA, President Trump, Trump, Joe Biden, Dolan, Donald Trump's Organizations: Republican, Buckeye, PAC, Republican Senate, NBC News, Democratic, State, Republican Gov, GOP, Trump Locations: Ohio, Vandalia , Ohio, Cleveland

☆ Biden to target 'rent gouging' landlords, as high housing costs factor into 2024 race
▼ + stars: | 2024-03-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Democratic presidential hopeful and former Vice President Joe Biden in Las Vegas, Nevada on February 22, 2020. President Joe Biden will visit the battleground state of Nevada Tuesday to take aim at corporate landlords, who the White House claims are keeping rents artificially high even as overall inflation has eased. Biden's attack on what he calls 'rent gouging' is part of his broader, election year effort to shift the blame for stubbornly high costs of living away from the president and his economic policies, and onto corporations with outsized pricing powers. Speaking in Nevada, Biden will double down on the housing provisions in his 2025 budget proposal, take aim at "rent gouging by corporate landlords," and call on Congress to pass legislation to lower housing costs, according to a White House fact sheet. Biden won Nevada in 2020, but recent polls show him trailing presumptive Republican nominee Donald Trump in the Silver State.

Persons: Joe Biden, Michigan Ross, Biden, Donald Trump Organizations: White, Times, Biden, Nevada, Silver State Locations: Las Vegas , Nevada, Nevada, Michigan, Silver

☆ Border funding battle snags budget talks in Congress with shutdown days away
▼ + stars: | 2024-03-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Congress is back at the budget negotiation table this week and border security disputes again are threatening to torpedo talks as a weekend government shutdown inches closer. Congress successfully struck a deal on the first six appropriations bills in February, but the remaining half relate to thornier agencies like labor, homeland security, education and more. "This second batch, they're tougher because they're more partisan," said Bobby Kogan, a former budget advisor under President Joe Biden. The border is a top voting issue in the 2024 election and amid the heat of the border controversy, House Republicans impeached Homeland Security Secretary Alejandro Mayorkas in February after several failed attempts. In early February, Republicans killed a foreign aid package that would have provided $20 billion in funding for the U.S. southern border.

Persons: Joe Biden, Kamala Harris, Mitch McConnell, Mike Johnson, Chuck Schumer, Hakeem Jeffries, Biden administration's pushback, Bobby Kogan, Alejandro Mayorkas Organizations: White, White House, Department of Homeland Security, GOP, Politico, DHS, CNBC, Democratic, NBC News, Congress, Republicans, Homeland, Senate Locations: WASHINGTON, DC, Washington , DC, U.S

☆ White House urges Senate to 'move swiftly' on TikTok bill as lawmakers drag their heels
▼ + stars: | 2024-03-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

White House national security adviser John Kirby said Sunday that the Senate should swiftly advance a bill that would force Chinese technology company ByteDance to sell TikTok. The bill passed in the House with overwhelming bipartisan support. The bill passed in a 352-65 House vote on Wednesday. Senate Majority Leader Chuck Schumer, D-N.Y., has made clear that he is in no rush on the TikTok bill. The TikTok bill has also sparked debate outside of Capitol Hill.

Persons: John Kirby, We're, Kirby, Joe Biden, Mike, Gallagher, Raja Krishnamoorthi, Chuck Schumer, Schumer, Bill Cassidy, Ben Cardin, Cardin, Donald Trump, Trump, Mike Pence, Pence Organizations: Foreign, Capitol, White House, Chinese Communist Party, Senate, U.S, Wisconsin Republican, CBS, Press, GOP, Facebook Locations: Washington , U.S, American, China, U.S, D, Capitol Hill, TikTok

☆ Creditors demand Rudy Giuliani sell his $3.5 million Florida condo to pay debts
▼ + stars: | 2024-03-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay his significant debts, according to a court document filed on Friday. For example, Giuliani spends tens of thousands of dollars a month to maintain his Florida condo. However, the document said, Giuliani spends "approximately 20-30% of his time in Florida" and therefore creditors claimed the $3.5 million condo must be sold. "It is merely a matter of when, not if, the Debtor will have to sell the Florida Condo in order to distribute the proceeds thereof to creditors," the filing said. Giuliani has claimed he cannot afford the insurance, the court document said.

Persons: Rudy Giuliani, Donald Trump, Barrett Prettyman, Giuliani Organizations: Washington , D.C, New, New York City, Netflix, Florida, Trump Locations: Washington ,, Florida, New York, Georgia, New York City

☆ Yellen touts electric vehicle 'boom' as automakers tone down hype
▼ + stars: | 2024-03-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Treasury Secretary Janet Yellen on Wednesday lauded President Joe Biden's investment in electric vehicles for accelerating the sector, even as the industry cools off from its yearslong hot streak. Yellen touted Biden's EV actions in Kentucky at a new $49 million EV battery factory built by Advanced Nano Products, a battery supplier that will receive tax credits from Biden's Inflation Reduction Act for the new clean energy facility. "It's part of a boom in EV-related investments in Kentucky," Yellen said. "The Biden Administration's policies and federal funds are fueling private sector investments." The secretary's EV bullishness comes as the private sector tempers its mood on all-electric vehicles.

Persons: Janet Yellen, Joe Biden's, Yellen, Biden, optimistically Organizations: Treasury, Financial, Washington , D.C, EV, Nano Products, bullishness, CNBC, Ford, General Motors, IRA Locations: Washington ,, Kentucky, EVs, Michigan

☆ Voters blame businesses more than Biden for sticky inflation
▼ + stars: | 2024-03-12 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

President Joe Biden is starting to win the inflation blame game against corporations. Still, voters growing frustration with businesses is a relief for the White House and Biden's reelection campaign. The consumer price index released Tuesday found that inflation ticked 0.4% higher in February, mostly matching analysts' expectations. In another welcome data point for Biden, consumer confidence has seen a record turnaround. In a CNBC interview on Monday, Trump slammed Biden's economy and "through the roof" energy and food prices.

Persons: Joe Biden, Biden, Donald Trump, Trump, he's, I'm Organizations: Granite State YMCA Allard Center of Goffstown, Times, Michigan Ross, Democratic, White, Union, University of Michigan, Financial, CNBC, Social Security, Biden Locations: Granite, Goffstown , New Hampshire, Michigan, New Hampshire

☆ Biden's 2025 budget marries progressive tax hikes with populist campaign planks
▼ + stars: | 2024-03-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Like all presidential budgets, Biden's 2025 plan is more of a wish list than it is a policy document. "Do you really think the wealthy and big corporations need another $2 trillion in tax breaks? Biden's populist, progressive, tax-the-rich funding plan is not a novel proposal from his White House. House Republicans tried to preempt Biden's budget proposal last week, by passing their own 2025 budget resolution in a party-line committee vote. Back-and-forth disagreements in Congress have meant that six months into the fiscal year, lawmakers have still not settled on a permanent budget.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Kevin McCarthy Organizations: Hylton Performing Arts Center, Capitol, Biden, White, Social Security, Republicans, Republican Locations: Manassas , Virginia, U.S, Washington

☆ Sen. Katie Britt denies misleading and widely criticized sex trafficking anecdote in Biden's State of the Union rebuttal
▼ + stars: | 2024-03-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Since delivering the GOP rebuttal to Biden's State of the Union address on Thursday, Britt has faced severe criticism. Britt argued that in her rebuttal she made clear that the woman had experienced sex trafficking years earlier during her childhood, not under the Biden administration. In her rebuttal, Britt references "a woman" who "had been sex trafficked by the cartels starting at the age of 12." During the speech, she did not clarify that the crime happened decades ago and that the woman was no longer being sex trafficked. The victim, Karla Jacinto Romero, experienced sex trafficking from 2004 to 2008 in Mexico.

Persons: Sen, Katie Britt, U.S . Alabama Republican Sen, Joe Biden's, Britt, Jonathan Katz, Biden, Karla Jacinto Romero, Katz, Jacinto, Andrew Bates, Sean Ross, Ross, Jacinto Romero's, Scarlett Johansson Organizations: U.S . Alabama Republican, Sunday, Fox, White House, Border Patrol Union, CNBC, NBC Locations: Biden's State, Mexico, U.S

☆ President Biden signs $460 billion spending bill to avert a partial government shutdown
▼ + stars: | 2024-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would have taken effect this weekend. On Friday evening, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week. This is the fourth time this fiscal year that Congress has had to pass a short-term spending bill to keep the government funded and avert a shutdown. Democrats have been pushing for the continued full funding of a special food assistance program for women, infants and children. They also secured wins on rent assistance and pay for infrastructure employees like air traffic controllers and railway inspectors.

Persons: Joe Biden, — CNBC's Rebecca Picciotto Organizations: Chamber, U.S, Capitol, Saturday, Republicans, Environmental Protection Agency, FBI, Alcohol, Tobacco, Firearms, Explosives Locations: Washington , U.S

☆ Biden rebutter Sen. Britt blasted for recycling 20-year-old sex traffic story to attack border policy
▼ + stars: | 2024-03-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Republican Sen. Katie Britt of Alabama is under fire for using what appears to be a sex trafficking victim's experience from the early 2000s to condemn President Joe Biden's current border policy. Britt seemingly attempted to present the anecdote as a damning example of Biden's border management. "President Biden's border policies are a disgrace. Britt's implication that Jacinto Romero divulged her experiences privately is not borne out by publicly available information. Though sex trafficking has taken place in the U.S. under the Biden administration, Jacinto Romero's sex-trafficking story is not an example of it.

Persons: Sen, Katie Britt, Republican Sen, Joe Biden's, Britt, Karla Jacinto Romero, Jacinto Romero, Marsha Blackburn, Cindy Hyde, Smith, Blackburn, Jonathan Katz, Jacinto Romero's, Sean Ross, Ross, Biden, Karla Organizations: U.S, Capitol, Republican, Union, Del, Hyde, Congress, U.S . House, CNBC Locations: Alabama, Biden's State, Del Rio, Texas, U.S, Guadalajara, Biden's, Mexico, Sens, Mexican

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