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“I say to Speaker Johnson – I plead with him – don’t repeat the mistake of McCarthy and others and just follow the hard-right in a partisan way,” Schumer said at a weekly news conference. “It’s not good for the country, it’s not good for the House, it’s not even good for the Republican Party. “Speaker Johnson should learn from the examples of Speaker Boehner, of Speaker Ryan and of Speaker McCarthy,” Schumer said. Though he’s not an outspoken conservative flamethrower like Rep. Jim Jordan, who GOP centrists blocked from gaining the gavel, a Johnson speakership marks a dramatic shift to the right for the conference. And though he faces the same difficulties as former Speaker Kevin McCarthy did with a razor-thin Republican majority, how he fares with the faction of hard-liners that ultimately ousted McCarthy is another story.

Persons: Chuck Schumer, “, Johnson –, –, McCarthy, ” Schumer, “ It’s, it’s, White, Schumer, Johnson, he’s, Joe Biden, Boehner, Ryan, couldn’t, Jim Jordan, Kevin McCarthy Organizations: Republican Party, Republican, Ukraine, Republicans, Louisiana Republican, GOP, Democrat, White, “ Locations: York, Israel, Gaza, Louisiana

☆ Hedge fund billionaire Leon Cooperman, in rare public rebuke of a Republican candidate, says Trump ‘belongs in jail’
▼ + stars: | 2023-10-30 | by ( Lisa Emmanuel | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House. “It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in a phone interview late last week. “He’s a divisive human being who belongs in jail.”It’s rare for a Wall Street figure to make such critical comments about Trump, at least publicly. The Biden campaign did not respond to a request for comment. Given the ongoing risks, Cooperman argued the stock market is overvalued relative to corporate profits.

Persons: New York CNN — Leon Cooperman, Sen, Elizabeth Warren, Donald Trump, ” Cooperman, “, Warren, Joe Biden, CNN he’s, Trump, Biden, Cooperman, ”, Republican Chris Christie’s, Steven Cheung, he’s, ” Cheung Organizations: New, New York CNN, CNN, Trump, Biden, Republican, Omega Advisors, Bank Locations: New York, Washington

☆ Joe Biden: Democrats dismiss worries about president’s reelection bid as Dean Phillips launches primary challenge
▼ + stars: | 2023-10-28 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +12 min

CNN —President Joe Biden is just as low in the White House’s internal polls as in any of the public ones. But while Biden advisers are dismissive of Rep. Dean Phillips’ primary challenge launched this week, they are also annoyed about it. Still, they remain confident that Biden is Democrats’ best option in 2024. Boyle told CNN this week that between the war in Israel and Gaza and the chaos of House Republicans electing their new speaker, he had not had “one conversation with anyone” about Phillips. Asked if he was worried about Phillips being a factor even back home in their state’s primary, Walz laughed.

Persons: Joe Biden, Mike Donilon —, —, Donilon, Biden, Dean Phillips, Donald Trump, Kamala Harris, Tim Walz, Phillips, Walz, “, ‘, ’, Ron, Brendan Boyle, ”, ” Boyle, daydreaming, Harris, Emanuel Cleaver, ” “ Joe Biden, ” Ben Wikler, ’ Phillips, Gretchen Whitmer, Louis, “ We’ve, ” Biden, Trump –, Trump, ” Harris, St . Louis, Boyle, Democratic Sen, Dianne Feinstein’s, Gavin Newsom, California politicos, Nancy Pelosi, Jamie Raskin, Raskin, Biden’s Organizations: CNN, ’, GOP, Democratic, Center, American, Florida Gov, president’s, MAGA Republicans, Democrat, Granite, Democrats ’, Biden, Democratic National Committee, Trump, “, New Hampshire Democrats, Republicans, Los Angeles Times, California Gov, Senate, Maryland, House Democratic Locations: Washington, Florida, Pennsylvania, Philadelphia, St, Louis, Wisconsin, Concord , New Hampshire, Michigan, Israel, St ., Gaza, Minnesota, California

☆ Javier Milei wants Argentina to swap the peso for the US dollar. Here's what that would mean
▼ + stars: | 2023-10-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

For years, Argentinians have preferred to pay for many goods and services in greenbacks, rather than with their own collapsing currency, as part of an informal “blue dollar” currency market. To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s. Practical headacheThere’s another significant snag in Milei’s plan: Argentina doesn’t have enough dollars to ditch the peso. “People would need to take wheelbarrows of cash to convert to dollars,” Sabatini said.

Persons: Javier Milei, Sergio Massa, Argentina’s, JP Morgan, Argentinians, Milei, Natacha, Matias Baglietto, Reuters “ That’s, ” Christopher Sabatini, Kimberley Sperrfechter, ” Sperrfechter, It’s, ” Sabatini, Luis Robayo, Sabatini, ” Organizations: London CNN, National Institute of Statistics, Argentina’s, US Federal Reserve, Economic, Reuters, America, Chatham House, CNN, Capital Economics, International Monetary Fund, Getty, IMF Locations: Argentina, greenbacks, Washington, El Salvador, Panama, Ecuador, United States, Buenos Aires, AFP

The vote for House speaker, once a formality in Congress, has devolved into another bitter showdown for the gavel. Bipartisan groups of lawmakers have been floating ways to operate the House by giving greater power to the interim speaker, Rep. Patrick McHenry, R-N.C., or another temporary speaker. The House had never ousted its speaker before McCarthy, and the lawmakers are in rarely tested terrain. “We can’t sit around and suck our thumbs and hope the world will wait until the House Republicans get their act together,” Gingrich told Fox News' Sean Hannity on his show. “Jim Jordan will be a great speaker,” the former president said outside a courthouse in Manhattan, where he is facing business fraud charges.

Persons: —, Jim Jordan, Donald Trump, Jordan, Jordan's, Kevin McCarthy, “ We're, ” Jordan, Hakeem Jeffries, Jeffries, Patrick McHenry, McCarthy, ”, Newt Gingrich, ” Gingrich, Sean Hannity, John Boehner, “, Hannity, “ Jim Jordan, Joe Biden, Jordan’s, Don Bacon, Murmurs, Steve Scalise, Mario Diaz, appropriator, Ken Buck, Biden, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Capitol, Democratic, GOP, Republican, Fox News, Trump, Democrat, Biden, Caucus, Ohio State University, Associated Press Locations: Ohio, New York, R, Manhattan, Ken Buck of Colorado, Jordan, Ukraine, Israel

But Jordan, like Scalise and McCarthy before him, faces an uphill battle to unify the conference. With a razor-thin GOP majority in the House, he’ll need the support of nearly every Republican to become speaker. Lawmakers instead were expected to head home for the weekend before returning for a speaker vote early next week. With Trump’s endorsement, some House Republicans coalesced around Jordan, while others touted him as a change to the status quo. Still, among many moderates, a Jordan speakership is unthinkable.

Persons: Jim Jordan, Steve Scalise, Kevin McCarthy, Jordan, Austin Scott –, Scalise, McCarthy, – Jordan, ” McCarthy, “ We’ve, Donald Trump, Trump’s, ” He’s, haven’t, Richard Hudson, Jordan “, ”, ” Hudson Organizations: Ohio, Rep, Georgia Republican, Republican, GOP, “, Committee, Ohio Republican, Caucus, Republicans, National Republican, ”, Democrats, Capitol Locations: Georgia, Ohio, Jordan, America

☆ 45 U.S. House Republicans seek to prevent another speaker ouster
▼ + stars: | 2023-10-06 | by ( David Morgan | ) www.reuters.com time to read: +2 min

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. Many of the signatories have already called for changing a rule that allows a single lawmaker to force a vote to remove the speaker. "We got all kinds of across-the-board support, and we're just going to keep working," he said on CNN. Representative Matt Gaetz, who led the effort to unseat McCarthy, now faces calls for his expulsion from the party conference. Reporting by David Morgan and Susan Heavey; Editing by Andy Sullivan and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Silbiger, Kevin McCarthy, McCarthy, Steve Scalise, Jim Jordan, Biden, Donald Trump, Kevin Hern, Jordan, we're, Matt Gaetz, David Morgan, Susan Heavey, Andy Sullivan, Howard Goller Organizations: U.S, Russell Senate, REUTERS, Rights, ., Republicans, CNN, Democratic, Thomson Locations: Russell, Washington , U.S

☆ 45 US House Republicans seek to prevent another speaker ouster
▼ + stars: | 2023-10-06 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 6 (Reuters) - Forty-five allies of former U.S. House Speaker Kevin McCarthy are calling on their Republican colleagues for "fundamental changes" that would make it more difficult for a small faction to oust whoever may take his place. Many of the signatories have already called for changing a rule that allows a single lawmaker to force a vote to remove the speaker. Republicans are scheduled to vote for a nominee in a closed-door session on Wednesday, though it make take a while for them to settle on a candidate. House Republicans, it's time for you to do your job," Biden said at the White House. Representative Matt Gaetz, who led the effort to unseat McCarthy, now faces calls for his expulsion from the party conference.

Persons: Kevin McCarthy, McCarthy, Steve Scalise, Jim Jordan, Biden, Donald Trump, Sarah Silbiger, Kevin Hern, Jordan, we're, Joe Biden, Matt Gaetz, David Morgan, Susan Heavey, Doina Chiacu, Andy Sullivan, Howard Goller, Nick Zieminski Organizations: ., The U.S, Russell Senate, REUTERS, CNN, House Republicans, White, Democratic, Thomson Locations: Russell, Washington , U.S

Bedbugs go where you go, and they have become a nightmare haunting France for weeks. Still, bedbugs have plagued France and other countries for decades. The French public began moving into panic mode about a month ago after reports of bedbugs at a Paris movie theater. “All human population movements are profitable for bedbugs because they go with us, to hotels, in transport," said Berenger. Beaune, the transport minister, is hopeful that steps can be taken to ease the public's fear.

Persons: Elisabeth Borne, Clement Beaune, bedbugs, that's, ”, Jean, Michel Berenger, they’ll, Berenger, Ipsos, It’s, Kevin Le Mestre, Lutte Antinuisible, Lucas Pradalier, Emmanuel Macron’s, Mathilde Panot, “, Alex Turnbull Organizations: PARIS, Olympic Games, Metro, Mediterranee University Hospital, National Agency for Health, Food Safety, Paris Olympics, Associated Press Locations: France, Beaune, Marseille, Paris, New York

☆ McCarthy’s Centrist Path Out of a Government Shutdown
▼ + stars: | 2023-09-29 | by ( Kaia Hubbard | ) www.usnews.com time to read: +9 min

But with a funding bill seemingly out of reach, all signs suggest that those entrenched positions will result in a long and painful government shutdown. And it may be enough to arouse a dormant group of centrists whose own interests favor a functional legislative branch. And adding to McCarthy’s bind is the pledge that conservatives will call for his ouster should he work with Democrats to avoid a shutdown. Moderate Republicans, flanked by House Democrats, seize upon the moment. Meanwhile, another possible path, however unlikely, appears open to willing Democrats and centrist Republicans.

Persons: It’s, Kevin McCarthy – beholden, naysayers, McCarthy, ”, John Pitney Jr, Kevin McCarthy, ” McCarthy, won’t, –, Matt Glassman, ” Glassman, “ MAGA, they’ve, Marjorie Taylor Greene, Hakeem Jeffries, appropriators, rousers, Karen Hult, “ Organizations: White, Democrats, Republicans, GOP, Claremont McKenna College, Caucus, Democrat, Republican, Senate Democrats, Moderate, House Democrats, Government Affairs Institute, Georgetown University, House Republican, Democratic, Senate, Virginia Tech, Freedom Caucus

☆ 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

☆ How could the US government dodge an Oct. 1 shutdown?
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

Senate Majority Leader Chuck Schumer began this process by scheduling the first procedural vote on such a bill for Tuesday evening. Schumer plans to take an already-passed House bill reauthorizing Federal Aviation Administration (FAA) programs and replace its language with a new temporary funding bill, which is known as a continuing resolution, or CR. Passage by the Republican-controlled House, where appropriations bills normally originate, would send the stopgap measure to the Democratic-led Senate. So, once the bill arrives in the Senate, Schumer would be likely to replace the House border security language with Biden's. This would anger some House Republicans and possibly prompt them to launch an effort to strip him of his speakership, potentially plunging the Congress into an even deeper crisis.

Persons: Chuck Schumer, Evelyn Hockstein, Schumer, Kevin McCarthy, Joe Biden, McCarthy, Richard Cowan, Scott Malone, Marguerita Choy Organizations: U.S, Democratic, U.S . Capitol, REUTERS, Rights, U.S . House, Federal Aviation Administration, FAA, Republican, MCCARTHY, Republicans, OF, House, Thomson Locations: Ohio, Washington , U.S, U.S, Ukraine

☆ Texas Senate acquits AG Paxton in impeachment trial, keeps him in office
▼ + stars: | 2023-09-16 | by ( Brad Brooks | ) www.reuters.com time to read: +5 min

Paxton, a Republican, has been dogged by corruption allegations since first taking office in 2014. He still faces a state trial on securities fraud and is under investigation by the FBI. Paxton, an ally of former U.S. President Donald Trump, repeatedly insisted that he was innocent and that the impeachment trial is a political witchhunt. Paxton was overwhelmingly impeached by the Republican-dominated Texas House in May. The last impeachment trial of a statewide officeholder in Texas was in 1917.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Paxton, Donald Trump, Governor Dan Patrick, Patrick, doesn't, Greg Abbott, Biden, Roland Gutierrez, George P, Bush, Rochelle Garza, Paxton's, Nate Paul, Paul, Tony Buzbee, Angela, Brad Brooks, Donna Bryson, Mark Porter, Diane Craft Organizations: U.S, Supreme, Trump, REUTERS, The Texas Senate, firebrand, Republican, FBI, Texas, Texas Republicans, Texas Republican Party, Texas House, Texas Senate, Republicans, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

☆ Texas Senate ends deliberations in AG Paxton's impeachment trial; Vote imminent
▼ + stars: | 2023-09-16 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

He's said he is innocent and that the impeachment trial is a political witchhunt. Paxton faces 16 articles of impeachment in the Senate trial. Paxton was overwhelmingly impeached by the Republican-dominated Texas House in May. The Texas Senate has 19 Republicans and 12 Democrats. The last impeachment trial of a statewide officeholder in Texas was in 1917.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Governor Dan Patrick, Paxton, Donald Trump, He's, George P, Bush, Rochelle Garza, Paxton's, Nate Paul, Paul, Tony Buzbee, Angela, Brad Brooks, Donna Bryson, Mark Porter, Diane Craft Organizations: U.S, Supreme, Trump, REUTERS, The Texas Senate, Republican, Texas Republican Party, Texas House, FBI, Texas Senate, Republicans, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

☆ Impeachment trial of Texas AG Paxton nears end, could see him removed
▼ + stars: | 2023-09-15 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsSept 15 (Reuters) - Closing arguments were set for Friday in the impeachment trial of Texas Attorney General Ken Paxton, following eight days of testimony from whistle blowers alleging corruption and defenders saying he did nothing wrong. Paxton, a conservative Republican firebrand who is strongly aligned with former U.S. President Donald Trump, faces 16 articles of impeachment in the trial, in which the Republican-dominated Texas Senate serves as the jury. It is the first impeachment proceeding against a statewide office holder in Texas in over a century. As attorney general, Paxton backed powerful oil and gas interests and pursued restrictions on abortion and transgender rights. He has led Republican state opposition to the policies of Democratic presidents, and filed an unsuccessful lawsuit seeking to overturn Trump's 2020 election defeat.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Paxton, Donald Trump, George P, Bush, Trump's, Brad Brooks, Donna Bryson, Leslie Adler Organizations: U.S, Supreme, Trump, REUTERS, Texas, Republican firebrand, Republican, Texas Senate, Texas Republican Party, Texas House, FBI, Democrat, Democratic, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

☆ Why Are Democrats Losing Ground Among Nonwhite Voters? 5 Theories.
▼ + stars: | 2023-09-15 | by ( Nate Cohn | More About Nate Cohn | ) www.nytimes.com time to read: +1 min

On the other hand, 63 percent of white voters say abortion should be at least mostly legal, a tally greatly exceeding the usual Democratic support among white voters. Democrats showed similar — if less acute — weaknesses with these voters in 2018 and during most Trump-era special elections. Many hold conservative views on issues, like opposition to same-sex marriage. These moderate or conservative nonwhite voters consider themselves Democrats because they see the party as representing them and their interests, not because they have party-line views on every issue. If so, Republican gains among nonwhite voters might naturally result from Democrats’ leftward shift over the last few years.

Persons: they’re, Mr, Biden, Democratic centrists, it’s, ’, Trump’s, Sanders, “, ” Organizations: Democratic, Trump, Republicans

☆ Republican feud over 'root canal' spending cuts raises US government shutdown risk
▼ + stars: | 2023-08-21 | by ( David Morgan | ) www.reuters.com time to read: +7 min

The result is a major headache for centrist Republicans from swing districts that Biden won in 2020 and others with constituents in the firing line of hardline spending targets. One significant source of frustration is hardline demands for cuts to bills that have already been vetted by the 61-member House Appropriations Committee. SHUTDOWN RISKHouse Freedom Caucus members say a shutdown could be necessary to achieve their objectives. This time, the slim 222-212 House Republican majority could pay a political price. Would the House Freedom Caucus end McCarthy's reign over a CR?

Persons: Scott Perry, Andy Biggs, Jonathan Ernst, Joe Biden, Kevin McCarthy, Goldman Sachs, Centrists, McCarthy, Biden, Don Bacon, Ben Cline, We're, willy, nilly, David Joyce, William Hoagland, Donald Trump's, Dusty Johnson, Chuck Schumer, McCarthy's, Perry, Kevin, David Morgan, Scott Malone, Daniel Wallis, Cynthia Osterman Organizations: U.S, Capitol, REUTERS, Rights, Republicans, U.S . House, Caucus, Monday, White, Republican, Social Security, Freedom Caucus, Committee, Republican Governance Group, Center, Senate, Justice Department, Ukraine, Main Street Caucus, Reuters, Office, Thomson Locations: Washington , U.S, U.S, Nebraska, Washington

☆ Republican feud over 'root canal' spending cuts raises US gov't shutdown risk
▼ + stars: | 2023-08-21 | by ( David Morgan | ) www.reuters.com time to read: +6 min

The result is a major headache for centrist Republicans from swing districts that Biden won in 2020 and others with constituents in the firing line of hardline spending targets. "I do not know how they get themselves out of this jam," said William Hoagland, a former Senate Republican budget director now at the Bipartisan Policy Center think tank. SHUTDOWN RISKHouse Freedom Caucus members say a shutdown could be necessary to achieve their objectives. This time, the slim 222-212 House Republican majority could pay a political price. Would the House Freedom Caucus end McCarthy's reign over a CR?

Persons: Scott Perry, Andy Biggs, Jonathan Ernst, Joe Biden, Kevin McCarthy, McCarthy, Biden, Don Bacon, Ben Cline, We're, willy, nilly, David Joyce, William Hoagland, Donald Trump's, Dusty Johnson, Chuck Schumer, McCarthy's, Perry, Kevin, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, Republicans, U.S . House, Caucus, White, Republican, Social Security, Freedom Caucus, Committee, Republican Governance Group, Center, Senate, Main Street Caucus, Reuters, Office, Thomson Locations: Washington , U.S, U.S, Nebraska, Washington

☆ San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville

☆ How to save San Francisco
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

☆ Biden's labor secretary pick may not have the votes. She also may not need them.
▼ + stars: | 2023-07-13 | by ( Liz Brown-Kaiser | Sahil Kapur | ) www.cnbc.com time to read: +7 min

The Senate is stalled on President Joe Biden's pick for secretary of labor, Julie Su, and Democrats face a conundrum on how to proceed. But Su, who currently serves as the acting labor secretary, could just keep running the department anyway. Federal law places no limits on how long Su can serve as acting labor secretary without being confirmed. He said he wants a voice for "both labor and industry" in the labor secretary role. Any Senator who voted to confirm Secretary [Marty] Walsh should vote to confirm Acting Secretary Su, too.

Persons: Julie Su, Joe Biden's, Su, Biden, Sen, Bernie Sanders, Kyrsten Sinema, Jon Tester, Joe Manchin, pushback, there's, Mazie Hirono, haven't, She's, she'll, she's, Mark Kelly, John Hickenlooper, I'm, Su aren't, Tester, you've, Manchin, Bill Cassidy of, Sinema, Tammy Duckworth, Marty, Walsh, We're, Sherrod Brown, Elizabeth Warren of, Chuck Schumer Organizations: Health, Education, Labor, Capitol, Labor Department —, Pensions, Su's, Democrats, HELP, Su's Democratic, White, Department, Democratic Locations: Washington, American, Sens, Hawaii, Bill Cassidy of Louisiana, Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts

ZURICH, July 11 (Reuters) - A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland's second biggest bank. It was apparent that Credit Suisse was in difficulties over the last two years after a string of scandals, with customers withdrawing money on a massive scale at the end of 2022. Could the central bank have done more, for example by promising Credit Suisse unlimited liquidity to reassure customers and stem the outflow of funds? It is unclear whether Credit Suisse and UBS executives are obliged to appear if asked, but they are expected to do so due to intense political and public pressure. POSSIBLE OUTCOMESWhile some experts have said the inquiry offers the Swiss authorities an opportunity to redeem themselves, others have warned it could simply become political theatre.

Persons: Peter V Kunz, Isabelle Chassot, Franziska Ryser, John Revill, Tomasz Janowski, Alexander Smith Organizations: Credit Suisse, UBS, Bern University, Swiss, Swiss National Bank, Suisse, Swiss People's Party, Social Democrats, Greens, Green Liberals Party, Thomson Locations: ZURICH, Swiss, Switzerland, Mitte

☆ Opinion | The Case of the Disappearing Debt Disaster
▼ + stars: | 2023-06-01 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

That doomsday machine, in turn, seemed to give Republicans far more power than a party narrowly controlling one house of Congress should possess. In the spring Republicans seemed to be converging on demands for harsh spending cuts, especially to Medicaid. The Biden administration was counting on self-proclaimed centrists and business groups to lean on Republicans to back off; they didn’t. And publicly at least, Biden officials repeatedly rejected all possible end runs around the debt ceiling. Yet in the end we got some spending caps that would probably have happened even without the attempt to take the economy hostage, since “discretionary” spending would have had to pass the House in any case.

Persons: Biden, they’ll Organizations: U.S, Biden Locations: U.S

☆ Mayor Adams Improvises His Way Through an Impossible Crisis
▼ + stars: | 2023-05-20 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +2 min

Last weekend, several Brooklyn principals were told that their schools would immediately be sheltering hundreds of asylum seekers, by way of mayoral fiat. The schools themselves were not in affluent neighborhoods but rather served working-class families of color, who were now livid. Parents, many immigrants themselves, were concerned about safety and felt cheated that their children would be denied gym in schools that were hardly abundant with amenities. They began lining up as early as 3 in the morning on Tuesday in protest; some brought their children, others refused to send them to school at all. By the next day, after frantic meetings between administrators and parents, Mayor Eric Adams seemed to have reversed course, removing asylum seekers from a school gym in Coney Island and sending them to a vacant office in Midtown.

☆ Secret negotiations and a 'hostage' situation: Republicans and Democrats still can't agree on a plan to save Americans from a debt ceiling catastrophe in just a few months
▼ + stars: | 2023-04-04 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The US could default on its debt this summer if Congress doesn't raise the debt ceiling. But Democrats are accusing the GOP of holding the debt ceiling "hostage," as they have yet to put forth a concrete plan. Republicans have floated a range of areas in which they would support cutting spending to raise the debt ceiling. "Republicans are STILL holding the debt ceiling hostage," Congressional Progressive Caucus Chair Pramila Jayapal wrote on Twitter. Democratic lawmakers have previously highlighted the catastrophe for Americans that will likely result should Congress fail to raise the debt ceiling.

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