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☆ See How the G.O.P. Has Reacted to the Trump Indictment
▼ + stars: | 2023-06-16 | by ( Karen Yourish | Charlie Smart | ) www.nytimes.com time to read: +10 min

Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. SEN. HOUSE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative SEN. HOUSE MORE conservative According to an analysis by The New York Times, a small number of Republicans have made statements about the indictment that did not immediately dismiss the investigation.

Persons: Donald J, Biden, Trump, Brian Fitzpatrick Pa, Ken Buck Colo, Romney, Romney Utah SEN, Doug LaMalfa Calif, Mike Kelly Pa, Ted Budd N.C, Kevin Calvert Calif, George Santos N.Y, Roger Wicker Miss, SEN, Lauren Boebert Colo, Tom Emmer Minn, Ted Cruz Texas, Ted Cruz Texas SEN, HOUSE Lauren Boebert Colo, Byron Donalds, Eli Crane Ariz ., Ron Johnson Wis, HOUSE, HOUSE Byron Donalds, Paul Gosar Ariz, Josh Hawley Mo, “, ”, Don Bacon of Nebraska, Hillary Clinton, Joe Biden, Kevin McCarthy, —, Daniel Webster, Donald Trump, Steve Scalise, Diana Harshbarger, Mike Lee, Jack Smith, General Merrick Garland, Garland, Biden’s, Hunter, Trump’s Organizations: Senate, MORE, SEN, HOUSE Byron, The New York Times, ”, Justice Department, Biden’s Department of Justice, DOJ, Twitter, The, Department, White Locations: United States, Ken Buck Colo ., Romney Utah, Byron Donalds Fla, SEN, HOUSE Byron Donalds Fla, Florida, Tennessee, Venezuela, Bolivia, Nicaragua, America, Utah

☆ Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon
▼ + stars: | 2023-06-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

UNITED STATES - FEBRUARY 28: Rep. Lou Correa, D-Calif., walks down the House steps after the last votes of the week on Friday, Feb. 28, 2020. The chief of staff to the new top Democrat on the House Judiciary subcommittee on antitrust lobbied on behalf of Amazon and Apple as recently as 2022, including on the very issues the ranking member will oversee in his new role, CNBC found based on public disclosures. René Muñoz has served as chief of staff to Correa since November 2022, according to Congress tracking site LegiStorm. Before that, Muñoz worked at the lobbying firm Federal Street Strategies beginning in May 2020, according to LinkedIn, where his clients included Amazon and Apple, along with other corporations. Rep. Ken Buck, R-Colo., later became the top Republican on the subcommittee and was a significant ally to Cicilline in championing the tech antitrust bills.

Persons: Lou Correa, California Democrat Lou Correa's, René Muñoz, Correa, Muñoz, David Cicilline, Ken Buck, Buck, Thomas Massie, Maria Langholz, Cicilline, He's Organizations: UNITED STATES, Democrat, Amazon, Apple, CNBC, California Democrat, LinkedIn, Rhode, Rhode Island Democratic, Google, Facebook, Republican, Progress, Democrats, Staff Locations: California, Rhode Island, Ky, Orange County

☆ A top CMO reveals how AI is going to change sales and marketing across every company within 12 months
▼ + stars: | 2023-06-14 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The chief marketing officer at Twilio says AI will soon be in use in sales and marketing at every company. There are many parts of the business world where AI is going to have a huge impact, but sales and marketing is one of the big ones. To be sure, Twilio builds products that faciliate sales and marketing, but other CMOs agree that AI could supercharge those activities. It allows you to ingest a whole slew of data that's virtually impossible for a human being to take in and synthesize. In 12 months, I really think for every company, every marketing team, every sales team, generative and predictive AI is going to be a core part of every tool that they use.

Persons: Joyce Kim, That's, We've Organizations: McKinsey, YouTube

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ Analysis: Trump's main 2024 election goal is now to save himself
▼ + stars: | 2023-06-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Trump’s legal defense strategy is now entirely fused with his electoral one. His bid to regain the White House is no longer a mere political campaign but has now become about self-preservation. If Trump becomes the 2024 GOP nominee, the cloud of criminality could linger over the election until November next year. This potentially could cause havoc with Trump’s political schedule. The salience of Trump’s grievance campaign could become even more relevant in a general election.

Persons: Donald Trump, underscoring, –, Trump, he’s, ” Trump, Joe Biden, He’s, “ He’s, ”, Van Jones, Hillary Clinton, Jack Smith’s, “, — Trump, Kevin McCarthy, Nikki Haley gingerly, she’d, Mike Pence, Ken Buck, CNN’s Dana, Steve Womack, CNN’s Manu Raju, —, Fani Willis, Ron DeSantis Organizations: CNN, White House, GOP, America, ” CNN, Trump, Republican, Republicans, Capitol, Former South Carolina Gov, Wall Street, Freedom Caucus, Arkansas, House Republicans, Justice Department, Trump hasn’t, Florida Gov, “ Locations: Cuban, Miami, New Jersey, Florida, Trump, Colorado, Manhattan, Georgia

☆ Opinion | Before Trump, There Was Berlusconi
▼ + stars: | 2023-06-13 | by ( Mattia Ferraresi | ) www.nytimes.com time to read: +2 min

ROME — The tycoon-turned-politician spent his career mixing entertainment and power, escaping sex scandals and remodeling his party in his own plasticized image. But it’s actually Silvio Berlusconi, who died on Monday at the age of 86. Four times Italy’s prime minister, Mr. Berlusconi dominated Italian politics for three decades and fundamentally reshaped its landscape and imagination. In leveraging his fame and celebrity to gain power — and managing against all odds to retain it — Mr. Berlusconi provided a template for Mr. Trump’s own political career. Long before Mr. Trump cried “witch hunt” and labeled the Manhattan district attorney, Alvin Bragg, a “psychopath,” Mr. Berlusconi was denouncing a Communist plot brought by judges in “red robes” who were out to destroy him.

Persons: ROME, Vladimir Putin, Donald Trump, it’s, Silvio Berlusconi, Berlusconi, Mr, Trump’s, strongmen, Long, Trump, Alvin Bragg, ” Mr Organizations: First, Mr Locations: Italian, Milan, First Republic, Manhattan

☆ I've traveled 18,000 miles in an electric car. Here are the 4 things that surprised me about long-distance EV road trips.
▼ + stars: | 2023-06-12 | by ( Gia Mora | ) www.businessinsider.com time to read: +7 min

She and her partner have traveled 18,000 miles in the electric car on multiple road trips. Here are four things people should know if they're planning to travel long distances in an EV. We arrange to fill up at an Electrify America station every 150 miles or so. More remote charging stations can be adventures in themselvesPlenty of charging stations look exactly as you'd expect, but when we ventured outside of major metropolitan areas, we discovered some unique stops. Green River, Utah, is home to 847 people, one Tesla Supercharger, and four Electrify America stations located beside the tiny, quirky Green River Coffee Company.

Persons: Gia Mora, Morris, it's, I'm, We've, we've, Lucky Buck Organizations: Hyundai, Walmart, Morning, Apple, Walmart Walmart, Sam's, Coffee, Yosemite National Locations: Los Angeles, Colorado, Scottsdale , Arizona, LA, San Diego, Nevada , Utah, New Mexico, America, Walmart's, Plenty, Green River , Utah, Yosemite

☆ Your vintage Barbie doll could fetch as much as $27,000 on the resale market, new research shows
▼ + stars: | 2023-06-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Your vintage Barbie dolls sitting at home could make you a quick buck, according to new research. BonusFinder made a list of the most valuable Barbies of all time and their maximum resale price. The first Barbie – released in 1959 for just $3 – has a maximum resale value of $27,450. The second most valuable Barbie doll is Dahlia Barbie, created by Robert Best in 2006, and has a resale value of up to $2,423. The maximum resale value for other Barbies on Bonus Finder's list ranged from $886 to $1,451.

Persons: BonusFinder, Barbie –, —, there's, Ruth Handler, Barbie, Dahlia Barbie, Robert Best, Greta Gerwig's, Margot Robbie, Ryan Gosling Organizations: Service, Mattel

☆ Is taurine the ‘elixir of life’? Maybe, if you’re a worm, mouse or monkey
▼ + stars: | 2023-06-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

“This study suggests that taurine could be an elixir of life within us,” Yadav said in an earlier news release on the study, which published Thursday in the journal Science. Considered a non-essential amino acid, taurine exists in the brain, retina and nearly every muscle and organ tissue in the body. Taurine-fed worms lived longer and appeared healthier, but taurine “had no effect on yeast,” Yadav said. More than one solutionThe field of anti-aging is exploding, with taurine just one of many potential pathways to the holy grail of longer life. In the end, science is going to need “100 different kinds of taurine,” Lithgow said.

Persons: CNN —, taurine, Vijay Yadav, ” Yadav, Henning Wackerhage, “, ”, Walter Willett, Harvard T.H, ” Willett, Gordon Lithgow, I’m, it’s, Lithgow, ” Lithgow, “ You’ve, taurine “, Wackerhage, Yadav, Taurine, Pieter Cohen, Cohen, ” Cohen, There’s, “ It’s Organizations: CNN, Columbia University, Technical University of Munich, Harvard, of Public Health, Harvard Medical School, Buck Institute, Disease, US Food and Drug Administration, Research, Cambridge Health Alliance, taurine Locations: New York City, Germany, Chan, Novato , California, Somerville , Massachusetts

☆ Home flippers are still booking nice profits, if they can find the right house
▼ + stars: | 2023-06-07 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

Home flips are generating more profit but on fewer properties, according to Toorak Capital Partners. The investors, Beacham said, just have to be pickier. Investors are far more discriminating of the limited inventory because they see their own costs rising, Beacham said. Flippers have to be more mindful of the slowdown in home price appreciation, or home price declines, too. To be sure, some of the risks for flippers have eased, according to Beacham.

Persons: —, John Beacham, Beacham, Aria Khosravi, who's, Alan Blue, Insider's Kathleen Elkins, Topping, Khosravi Organizations: Toorak Capital Partners, Service, Toorak, KKR, Investors, US Bureau of Labor Statistics Locations: Toorak

☆ What Turkey’s new cabinet says about where the country is headed
▼ + stars: | 2023-06-07 | by ( Gul Tuysuz | ) edition.cnn.com time to read: +8 min

The cabinet appointments hint at a return to orthodox economic policy while holding course on foreign policy as the president heads into his third decade in power. Erdogan’s unorthodox economic policies over the past few years have led to a cost-of-living crisis and a plummeting Turkish lira. Shadow diplomatThe new foreign minister is a well-known figure to Turks and international players who have negotiated with Turkey of late. Hakan Fidan, who had served as head of Turkish Intelligence Agency (MIT) since 2010, has been in every room and every discussion that has been pivotal to Turkish foreign policy over the last few years. He’s been ever-present but rarely heard – a shadow diplomat in Erdogan’s foreign policy arsenal who has charted rough waters in Syria, Libya and beyond.

Persons: Recep Tayyip Erdogan, Mehmet Simsek, –, Nureddin Nebati, ” Simsek, Erdogan, Simsek, Mehmet Celik, Cevdet Yilmaz, Omer Bolat, ” Celik, Hakan Fidan, He’s, Fidan, Ibrahim Kalin, “, ” Fidan, ”, Suleyman Soylu, Istanbul Ali Yerlikaya, Hulusi Akar, Mevlut Cavusoglu, They’ve Organizations: Istanbul CNN —, Reuters, Daily, Trade, CNN, NATO, Turkish Intelligence Agency, MIT, Kurdistan Workers ’ Party, EU, Defense, Development Party, AK Party Locations: Istanbul, Turkish Republic, Turkish, “ Turkey, Daily Sabah, Turkey, Syria, Libya, Greece, West, Celik, Damascus, Ankara, Sweden, Yerlikaya

☆ Far-right House Republicans just sent gas stove bills up in flames — and it's a warning shot at Kevin McCarthy
▼ + stars: | 2023-06-06 | by ( Sarah Gray | ) www.businessinsider.com time to read: +4 min

Far-right House members are not pleased with House Speaker Kevin McCarthy's debt ceiling compromise. Eleven conservative GOP members nuked McCarthy's bans on banning gas stoves, sending his plans up in flames. The Gas Stove Protection and Freedom Act would have barred the Consumer Product Safety Commission from using federal funds to regulate gas stoves or issue safety guidance that would ban them or make them more expensive. To peel back the layers here: The folks who have championed gas stoves versus induction stoves in the culture wars voted against H.Res. 463 — a procedural vote to establish rules on a floor vote for two gas stove-related bills — to punish McCarthy.

Persons: Kevin, —, Kevin McCarthy, nuked, McCarthy, Matt Gaetz, Chip Roy, Matt Rosendale, Rob Bishop, Ken Buck, Lauren Boebert, Eli Crane, Andy Biggs, Tim Burchett, Ralph Norman, Bob Good, Steve Scalise, Caucus —, Gaetz, Farnoush Amiri Organizations: Service, Caucus, Gas, Protection, Product Safety, US Department of Energy, Biden White, H.Res, NBC, North Carolina Rep, Colorado, Colorado Rep, Arizona, Tennessee, South Carolina Rep, House Republicans, Gaetz Locations: Florida, Texas, Montana, Arizona, Virginia

☆ I tried 'skiplagging' to save $200 on flight tickets but it was a nightmare experience — and I'll never use this travel hack again
▼ + stars: | 2023-06-05 | by ( Jesse Collier | ) www.businessinsider.com time to read: +7 min

I did the latter and tried hidden city ticketing via Skiplagged. That's when I saw an ad for Skiplagged, which championed its hidden city ticketing hack. In my case, the trip was from Los Angeles to New York City to Buffalo. Neither of those options were how I wanted to spend my first couple of days in New York City. Hidden city ticketing is positioned in the travel community as a "travel hack," but I'll tell anyone who asks that it's rarely worth the hassle.

Persons: Jesse Collier, Collier, Becky, you've, Skiplagged, Jess Organizations: Morning, LAX Locations: layover, Los Angeles, New York City, Buffalo, NYC, New York, Central Park

☆ McCarthy lauds debt US ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

The debt ceiling deal keeps fiscal 2024 spending flat at this year's levels, allowing a 1% increase for fiscal 2025. "Speaker McCarthy's position is absolutely safe," U.S. Representative Garret Graves, a Louisiana Republican who helped negotiate the debt ceiling deal, told CBS' "Face the Nation". DEAL PASSES IN DIVIDED CONGRESSBuck said that McCarthy promised Republicans that he would cut spending levels to fiscal 2022 levels, not the higher 2023 levels agreed in the deal, making the deal a loss the party. The deal was approved by 149 House Republicans and 165 Democrats, strong majorities of both parties. On Friday, Fitch Ratings it would keep the U.S. top tier credit rating on "negative watch" until the third quarter due to concerns over repeated brinkmanship over the debt ceiling, along with rising debt and deficits.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Ken Buck, Biden, Buck, Garret Graves, we've, Fitch, Shalanda Young, Young, David Lawder, Aurora Ellis Organizations: . House, Sunday, Democratic, Republican, Caucus, Republicans, Union, U.S, Louisiana Republican, CBS, Fox, Revenue Service, Freedom Caucus, Democrats, White, CNN, Thomson Locations: CNN's, U.S, Louisiana

☆ McCarthy lauds U.S. debt ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

☆ June full moon: When and how to see the strawberry moon
▼ + stars: | 2023-06-03 | by ( Kristen Rogers | Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The strawberry moon will light up the night sky this weekend. The strawberry full moon isn’t your last chance to catch a cool celestial event this year. Here are the full moons remaining in 2023, according to the Farmer’s Almanac:● July 3: Buck moon● August 1: Sturgeon moon● August 30: Blue moon● September 29: Harvest moon● October 28: Hunter’s moon● November 27: Beaver moon● December 26: Cold moonLunar and solar eclipsesAn annular solar eclipse will occur on October 14 and be visible for people across North, Central and South America. This is when the moon passes between the sun and Earth at or near its farthest point from Earth — making the moon appear smaller than the sun and creating a glowing ring around the moon. In this type of event, the sun, Earth and moon don’t completely align, so only part of the moon passes into shadow.

Persons: ripens, ”, Mike Hankey, “, Juno, Alpha Capricornids, Perseids, Orionids, Leonids, Geminids, Ursids Organizations: CNN, NASA, American Meteor Society, Venus, Aquariids, Alpha Locations: Argentina, North America, Europe, Africa, Asia, Australia, North, Central, South America

☆ 10 US cities where real-estate investors can get the best bang for their bucks in lower home prices relative to higher rents charged, and 10 with the worst returns, according to a research firm
▼ + stars: | 2023-06-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Agent Advice found 10 cities that yield a high return with home values below the national median. A shortage of new listings is helping to steady property prices as elevated interest rates present affordability challenges for buyers." Cities with the best returns on investmentA recent study by Agent Advice analyzed home values and typical rent prices across US cities. He added that the top ten cities for the best ROI have a typical housing value far below the national average. And as many as seven of the ten have a typical housing value less than 50% of the national average.

Persons: Chris Heller, Victor Whitmore, Whitmore, Travis Hanson, Thomas Harr, Harr, Heller, Jackson Organizations: Investors, Trading Economics, Columbus, Dothan, Sumter Locations: Tulsa , Oklahoma, Lubbock , Texas, Columbus , Ohio, Cities, Houma, LA, Johnstown, Beckley, WV, Decatur, IL, Shreveport, Peoria, SC, Texarkana, TX, TN

☆ California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee
▼ + stars: | 2023-06-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

A California lawmaker who has opposed efforts to crack down on the tech industry is the leading contender to become the highest ranking Democrat on the House Judiciary subcommittee on antitrust. One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." Several senior members of the subcommittee who support tech antitrust reform would have seemed more likely candidates for the top Democratic seat not long ago. But the field is complicated by the fact that many of them already have ranking member positions on other subcommittees they may not wish to give up. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, David Cicilline, Cicilline, Correa, Correa's, Thomas Massie, Ken Buck, Buck, Joe Neguse, Mary Gay Scanlon, Pramila Jayapal, They're Organizations: Rep, Apple, Google, Facebook, Democratic, Colo, Big Tech, Federal Trade Commission, Department of Justice Antitrust Division, Democrats, CNBC, Chamber of Commerce, FTC, Meta, Progress Education Fund, Economic Security, Future, House Judiciary, White Locations: California, Southern California, Ky, U.S, House

☆ Meta says it will block news on Facebook in California if recently advanced bill becomes law
▼ + stars: | 2023-06-01 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

California lawmakers advanced a bipartisan bill Thursday that would require Big Tech platforms to pay publishers for news they host, just a day after Meta threatened to remove news from Facebook and Instagram should the bill pass. The California Journalism Preservation Act, which passed out of the state Assembly 46-6, still needs to be approved by the state Senate and signed by Democratic Gov. The California bill has similar aims to federal legislation that a bipartisan group of lawmakers attempted to advance last year. The current conflict between Meta and California lawmakers recalls a similar fight in Australia in 2021, when the government there sought to require online platforms to pay for news content. WATCH: Australia slams Facebook's move to block news amid new media bill

Persons: Meta, Gavin Newsom, Andy Stone, Adam Kovacevich, Danielle Coffey, Facebook's Organizations: Big Tech, Facebook, California Journalism, Democratic Gov, Twitter, Media Alliance, Tech, Journalism, CNBC, YouTube Locations: California, Meta, Australia

“Clean, clean, clean,” he told CNN in April, referencing the push for a clean debt ceiling resolution. He then later forced President Joe Biden to negotiate a debt limit suspension with spending cuts. “I think the Republican House caucus is willing to go to default,” said Rep. Ted Lieu, a California Democrat. A fired-up Buck, who opposed the debt limit deal, told reporters that he has received calls from constituents about removing McCarthy from the speakership. Now he says he would let us look at the document,” McCarthy told reporters.

Persons: Chuck Schumer, ”, Kevin McCarthy, McCarthy, Joe Biden, Biden, “, ebullient McCarthy, underestimating, ” McCarthy, Schumer, we’ve, ” Schumer, Ted Lieu, Ken Buck, McCarthy “, Buck, McCarthy’s speakership, Chip Roy, Dan Bishop, Scott Perry, speakership –, he’s, Ralph Norman, what’s, “ We’ve, you’ve, Wray, James Comer, Comer, Alejandro Mayorkas, Marjorie Taylor Greene Organizations: CNN, GOP, House Republicans, White, Republican, California Democrat, Republicans, Texas Republican, North Carolina Republican, Caucus, Pennsylvania Republican, South Carolina Republican, FBI, Homeland Security, Rep, Georgia Republican Locations: California, Colorado, Pennsylvania

☆ Measuring inflation can be tricky and quirky. Here are 3 examples
▼ + stars: | 2023-06-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

HousingRichard Newstead | Moment | Getty ImagesHousing is perhaps the most consequential category in the consumer price index, a key inflation barometer. But Covid-19 warped that dynamic: Housing costs shot up but have slowed and even started to fall in some areas, economists said. Overall inflation is expected to slow sharply during the second half of the year as the CPI incorporates the housing price cooldown, economists said. The government doesn't calculate health insurance inflation by measuring consumers' direct costs, such as monthly premiums. Health insurance inflation readings may flip positive in fall 2023 and persist into 2024 due to this dynamic, Zandi said.

Persons: Housing Richard Newstead, Zandi, Price, Mark Zandi, Andrew Hunter, Hunter, There's, Jordi Mora Igual Organizations: Housing, Capital Economics, U.S . Bureau of Labor Statistics, BLS, CPI, Health, Images, Kaiser Family Foundation, Consumers

☆ Can McCarthy Pass the Debt Deal and Keep His Job?
▼ + stars: | 2023-05-31 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

A movement to depose Mr. McCarthy as speaker could still bubble up, particularly if he is forced to rely on Democrats to win a procedural vote to get the debt-limit deal to the floor or to lean more on Democratic votes than Republicans to pass the measure. So far, though, there has been little appetite for such a move among even the most conservative lawmakers in his conference. Mr. McCarthy negotiated the compromise with that threat in mind, attempting to strike a careful balance: he could — and likely would — lose conservatives’ votes, but could not afford to reach a deal that so infuriated the far right that they would move to oust him. One hard-right Republican so far — Mr. Bishop — has publicly said that he considered the debt and spending deal grounds for ousting Mr. McCarthy from his post. “Let’s get through this battle and decide if we want another battle,” Mr. Buck said was the response.

Persons: Mr, McCarthy, ’, Bishop —, Ken Buck, Scott Perry, “ Let’s, ” Mr, Buck Organizations: Democratic, Republicans, Republican, Mr, Freedom Caucus Locations: Colorado, Pennsylvania

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

☆ Speaker McCarthy negotiated a 'bad deal', says Rep. Ken Buck
▼ + stars: | 2023-05-30 | 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 EmailSpeaker McCarthy negotiated a 'bad deal', says Rep. Ken BuckKen Buck (R-Colo.) joins 'Last Call' to discuss the new debt ceiling agreement and why he is choosing to vote against it.

Persons: McCarthy, Ken Buck Ken Buck

☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.

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