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☆ 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

☆ DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says
▼ + stars: | 2024-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street Journal reported Saturday. "In an event like this, it's normal for the DOJ to be conducting an investigation," an Alaska Airlines spokesperson said. Three passengers are suing Boeing and Alaska Airlines for $1 billion in damages, accusing Boeing and Alaska Airlines of negligence for allegedly having ignored warning signs. Alaska Airlines earlier estimated that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million.

Persons: Max, DOJ didn't, —, — CNBC's Rebecca Picciotto Organizations: Boeing, Los Angeles International AirPort, The, Department, Alaska Airlines, Street, DOJ, CNBC, Max, United Airlines Locations: Alaska, Los Angeles , California, Ontario , California, Portland , Oregon, United, 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

☆ New Activision QA union is the largest in the video game industry
▼ + stars: | 2024-03-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

A group of roughly 600 software testers at Activision on Friday formed the U.S. video game industry's largest union so far. The union is the first to organize under a new labor agreement negotiated as part of Microsoft's $69 billion acquisition of Activision in October, the company's largest takeover yet. Activision Quality Assurance United-CWA, the name of the union, is seeking higher wages and more career opportunities, QA tester Kara Fannon said in a statement. Before the Microsoft-Activision deal closed, QA workers at the video game-maker's Albany branch had also formed a union. "QA is currently an undervalued discipline in the games and software industries," the Albany wrote on social media at the time.

Persons: Bobby Kotick, Amy Pannoni, Kara Fannon, Claude Cummings Jr Organizations: Activision Blizzard, Allen, Co, Activision, Microsoft, Assurance United, CWA, Communications Workers of America, Labor, Big Tech Locations: Sun Valley , Idaho, U.S, Microsoft's, California , Texas, Minnesota, Albany

☆ Democrat Dean Phillips drops out of 2024 presidential race
▼ + stars: | 2024-03-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Democratic presidential candidate U.S. Representative Dean Phillips speaks to the media as he arrives at Londonderry High School during U.S. presidential primary election, in Londonderry, New Hampshire, U.S., January 23, 2024. Democratic Rep. Dean Phillips, Minn., has dropped out of the 2024 presidential race and endorsed President Joe Biden. "And it is clear that Joe Biden is OUR candidate and OUR opportunity to demonstrate what type of country America is and intends to be." Biden's campaign has been in general election mode for weeks, kicking into high gear after the president swept New Hampshire and South Carolina. Though Biden's age was not enough to singlehandedly keep Phillips' campaign afloat, it is still a top vulnerability as the general election nears.

Persons: Dean Phillips, Joe Biden, Phillips, Nikki Haley, Donald Trump, Biden, Jason Palmer, I'm, pare, Elon Musk, Bill Ackman, Democratic Sen, Joe Manchin, Robert Hur, Hur Organizations: Democratic, U.S, Londonderry High School, Tuesday, New, Democratic National Convention, Biden, Tesla, Republican, Department, Justice Locations: Londonderry , New Hampshire, U.S, Minn, America, American Samoa, New Hampshire, South Carolina, lockstep

☆ Biden to launch joint FTC-DOJ task force to crack down on 'unfair and illegal pricing'
▼ + stars: | 2024-03-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | ReutersPresident Joe Biden on Tuesday will launch a new task force to take on "unfair and illegal" corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a strong economy. The task force will be jointly led by the Federal Trade Commission and the Department of Justice, two agencies at the forefront of the Biden administration's aggressive regulatory agenda over the past three years. The announcements and the meeting are part of Biden's ongoing crusade against corporate pricing practices that he claims are unfair. Lael Brainard, vice chair of the US Federal Reserve, speaks during an interview in Washington, DC, on Monday, Nov. 14, 2022.

Persons: Lina Khan, Kevin Wurm, Joe Biden, Biden, Antitrust Jonathan Kanter, Khan, Kanter, Jonathan Kanter, Kevin Dietsch, Lael Brainard, inhalers, Brainard, Andrew Harrer Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Department of Justice, Biden, Force, Antitrust, Justice Department, White, Competition Council, Economic, Consumer Financial, Agriculture Department, US Federal Reserve, Bloomberg, Getty Locations: Washington ,, Washington , DC, U.S

☆ Super Tuesday live updates: Trump looks to finish off Haley as Biden shifts to general election
▼ + stars: | 2024-03-05 | by ( Kevin Breuninger Dan Mangan Brian Schwartz Rebecca Picciotto Chelsey Cox | Kevin Breuninger | Dan Mangan | ) www.cnbc.com time to read: +1 min

As a result, Tuesday's outcomes in the presidential primaries are less about predicting who will be the eventual nominee, and more about gauging general election momentum eight months out from November. President Joe Biden and former President Donald Trump hold commanding leads in the polls of their parties' voters. Perhaps even more exciting than the presidential primaries are several competitive down-ballot races with major implications for national politics. Primaries in California's Senate race and North Carolina's gubernatorial contest are two that merit special attention. In California, the battle to fill the late Democratic Sen. Dianne Feinstein's seat is already the most expensive Senate race in the state's history.

Persons: Joe Biden, Donald Trump, Trump, Nikki Haley, Democratic Sen, Dianne Feinstein's, Adam Schiff, Roy Cooper Organizations: Biden, Republican, South Carolina Gov, California's Senate, North, Democratic, Gov, Democrats Locations: California's, California, North Carolina

JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge in January blocked JetBlue's attempted takeover of budget carrier Spirit after the Justice Department sued to bar the deal last year. The Justice Department alleged the acquisition would stifle competition in the airline industry and eliminate Spirit as a discount alternative for price-conscious travelers. JetBlue and Spirit appealed the judge's decision a couple of days later, but JetBlue noted the appeal was required under the terms of the merger agreement. Spirit shares tumbled 17% in premarket trading, while shares of JetBlue were up roughly 4%.

Persons: JetBlue's, Joanna Geraghty, Department of Justice's Organizations: JetBlue Airways, Fort, Hollywood International Airport, Spirit Airlines, Justice Department, JetBlue, Spirit, Analysts, Frontier, Department of Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ Biden may be losing his favorability advantage over Trump, new polls suggest
▼ + stars: | 2024-03-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

The Fox News and Wall Street Journal surveys both showed Trump with a two point lead over Biden, 49-47 and 47-45, respectively. In the CBS News/YouGov poll, Trump led by four points, 52-48, outside the poll's 2.8% margin of error. Across all four polls, Trump had a higher favorability rating than Biden did with respondents, although some were within the surveys' margins of error. In October of 2020, a Times/Siena polls found that 52% of respondents had a favorable view of Biden, while only 43% viewed then-President Trump favorably. The Biden and Trump campaigns did not immediately reply to requests for comment from CNBC on the apparent likability shift.

Persons: Donald Trump, Joe Biden, Biden, Trump, Trump's Organizations: The New York Times, Siena College, Fox News, Street Journal, CBS, The Fox News, Wall Street, Trump, Times, Biden, CNBC, Street, New York Times Locations: Siena, Trump, U.S

☆ Mayorkas fires at Capitol Hill as Biden privately weighs new border action: ‘Congress needs to get a spine’
▼ + stars: | 2024-03-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Officials told NBC News in February that Biden is thinking about implementing harsher asylum standards without Congress. Mayorkas' comments adhere to the White House's current playbook on the border crisis: Publicly condemn Capitol Hill's deadlock on border policy while privately, the president weighs executive border actions. Both Biden and Trump visited southern border towns on Thursday, each attempting to play offense on the issue. That sent border policy reform back to the drawing board after already months-long negotiations. As border legislation remains at a stalemate in Congress, the Biden team is looking for a border victory without Capitol Hill's help.

Persons: Alejandro Mayorkas, Joe Biden, Joe Biden's, Mayorkas, Biden, Donald Trump, Trump, we're, Sen, J.D, Vance Organizations: Homeland, Sunday, Republican, NBC News, NBC, House Republicans, Publicly, Capitol, Biden, GOP, Republicans, Fox News, White Locations: U.S, Mexico, Brownsville , Texas, Brownsville

☆ Congress unveils first six budget bills as government shutdown clock ticks
▼ + stars: | 2024-03-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

It was the fourth such funding extension this fiscal year, as Congress has struggled to settle on a long-term budget plan. This partial budget deal is a step forward in the push to secure a permanent budget plan for the rest of the fiscal year, which started Oct. 1. Still, leaders on both sides of the aisle are touting the first half of funding package as a win, though for different reasons. Meanwhile, Republicans are trumpeting victories on veterans' gun ownership and funding cuts to government agencies like the Environmental Protection Agency, the Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Between now and the end of the week, the House must quickly pass and send the Senate this bipartisan package," Schumer said Sunday.

Persons: Charles Schumer, Mike Johnson, Chuck Schumer, Biden's, Schumer Organizations: U.S, Capitol, Congressional, Sunday, Congress, Democrats, Environmental Protection Agency, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Republicans, House, Caucus, Republican

☆ Congress closing in on partial budget deal ahead of shutdown deadline
▼ + stars: | 2024-02-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Negotiators are working on an agreement for six funding bills, four of which expire Friday. But a partial shutdown is still not out of the question. A partial shutdown would impact several government agencies, including agriculture, Veterans Affairs, transportation and housing. What a partial shutdown looks likeIf the four funding bills do expire Friday, their corresponding agencies would shut down Saturday at 12:01 a.m. A partial shutdown would leave those agencies' roughly 100,000 federal employees without pay for any new work during the shutdown, whether they are furloughed or not.

Persons: Chuck Schumer, Mike Johnson, Joe Biden, Johnson, Athina Lawson, Bobby Kogan, Biden, Kogan Organizations: U.S, Capitol, Washington , DC, Lawmakers, Congressional, White, Congress, Veterans Affairs, Social Security, D.C, Department of Housing, Urban, Agriculture, Rural Development Locations: Washington ,

☆ House GOP's budget 'poison pills' could force spending cuts, rattle economy
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

House Republican hardliners' efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy's already fraught recovery. A full-year budget deal to avert the FRA cuts appears increasingly unlikely, amid staunch opposition from the House's ultraconservative wing. Freedom Caucus derailmentMembers of the House Freedom Caucus, a coalition of hardline conservatives, have been working to derail a permanent budget. Instead, they want to extend the current temporary spending resolution through the rest of the fiscal year, ensuring the FRA's spending cuts are triggered on April 30. But if the FRA's automatic spending cuts take effect, they could rattle the broader economy's teetering recovery.

Persons: Mike Johnson, Jake Sullivan, economy's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Jan, Johnson, Kevin McCarthy, McCarthy, McConnell, Piper Sandler, Nancy Lazar, Lazar, Sen, Patty Murray Organizations: National Security, U.S, Capitol, House Republican, Congressional Research Service, Caucus, Democrat, Freedom Caucus, Congressional Locations: Washington ,, stonewall, D

☆ Joe Biden wins Michigan Democratic primary, NBC projects
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden has won the Michigan Democratic presidential primary, NBC News projects. The incumbent president's victory was widely anticipated in the key swing state due to an uncompetitive Democratic field and Biden's successful Michigan track record. In 2020, Biden also won the primary and general election in Michigan. Despite Biden's attempted rivals, his win in Michigan solidifies the going message that the Democratic primary is all but over. Before Michigan, Biden locked up a landslide victory in South Carolina's Democratic primary and before that, an unofficial win in New Hampshire via write-in votes.

Persons: Joe Biden, George Merrelli, Biden, Dean Phillips, Phillips, Biden's, Donald Trump Organizations: autoworkers, United Auto Workers, UAW, George, George Merrelli Technical Training, Michigan Democratic, NBC, Democratic, Democratic National Committee, Biden, Michigan, House Rep, Before Michigan, South Locations: Warren, Detroit, Michigan, U.S, Gaza, Biden's, Before, New Hampshire

☆ White House seeks Israel-Hamas hostage deal in 'coming days' — Netanyahu says 'it's too soon to say'
▼ + stars: | 2024-02-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Israeli Prime Minister Benjamin Netanyahu on Sunday tempered expectations about the timeline of a potential hostage deal with Hamas, while the White House expressed hope for an agreement to take shape in the coming days. It's too soon to say if they've abandoned them," Netanyahu said on CBS' "Face the Nation." Progress on the new deal gave the White House renewed hope that a final agreement could emerge as soon as this week. Netanyahu said that while he hopes the hostage deal can come to fruition, Israel is planning military operations in the event that the agreement falls through. He said that the hostage deal, and the accompanying temporary ceasefire, would delay the Rafah attack.

Persons: Benjamin Netanyahu, It's, they've, Netanyahu, Jake Sullivan Organizations: Ministry of Defence, Hamas, CBS, White, Union, Israel Defense Forces Locations: Tel Aviv, Israel, They're, Paris, Egypt, Qatar, U.S, Rafah

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