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☆ Republicans walk out of debt ceiling talks, say White House isn't being 'reasonable'
▼ + stars: | 2023-05-19 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

WASHINGTON — High-stakes talks over raising the debit limit abruptly came to a halt Friday on Capitol Hill, after Republican negotiators walked out of the room and blamed the White House for holding up discussions. Graves said he did not know if talks would resume this weekend. "There are real differences between the parties on budget issues and talks will be difficult," a White House spokesperson told NBC News after the talks broke up. "The President's team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate." Financial markets dipped on the news, which came after a positive week of talks that appeared to signal a deal was close.

CNN —Debt ceiling talks between the White House and House Speaker Kevin McCarthy’s office have hit a snag, and negotiators have put a pause on the talks, multiple sources tell CNN. Negotiators met briefly in the Capitol on Friday before breaking up, and as of right now, there are no more meetings scheduled for the day. McCarthy confirmed that talks have paused, saying there’s not enough “movement” from the White House and suggested that spending levels are part of the issue. “We’ve got to get movement by the White House. The White House is just – we can’t be spending more money next year.

☆ The federal government is rapidly running out of cash as debt ceiling talks hit a new impasse
▼ + stars: | 2023-05-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The federal government is running out of cash as debt ceiling talks hit a new impasse. The Treasury General Account was $68.3 billion on Wednesday, down from $140 billion on Friday. It's also a considerable drop from the end of April, when the federal government's cash balance was $316 billion. The Treasury General Account is used to pay for debt service on government bonds — preventing the US from defaulting — among the myriad other outlays like entitlements and federal employee salaries. Lawmakers remain at odds on lifting the debt ceiling.

LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.

☆ How the debt ceiling showdown could play into China’s hands and weaken US global power
▼ + stars: | 2023-05-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

One way to raise the debt ceiling might be to build a coalition of Republicans and moderate Democrats to isolate the extremists in his own party. “I cannot in good conscience support a debt ceiling proposal that pushes people into poverty,” Fetterman said. The length of a debt ceiling raise could also be an issue. Many Democrats want a deal that pushes the politically perilous need to raise the debt ceiling past the next election. Potentially, both chambers could vote on a short-term extension to raise the debt ceiling to allow time for more negotiations.

☆ An ex-fire commissioner is accused of spraying bear mace on homeless people minding their own business on San Francisco's streets
▼ + stars: | 2023-04-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

A former fire commissioner is accused of approaching homeless people and spraying them with bear mace. Don Carmignani initially said he was attacked by a homeless man, Garrett Doty, with a lead pipe. Doty was arrested in connection with the attack, and faces assault and battery charges brought by the San Francisco district attorney's office. Another video from November 2021 shows an unidentified person spraying bear mace at a homeless person sleeping on the street. Colla, the San Francisco Public Defender's Office, and the San Francisco district attorney's office did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Any proposal Republicans introduce would need to be negotiated with Biden's Democrats, who control the Senate, before it could become law. The White House, which is leading the Democrats' approach to the debt ceiling, has dismissed the Republican proposals as unrealistic. That would set the stage for another debt ceiling debate in the closing months of the 2024 presidential campaign. Biden and McCarthy met at the White House in February to discuss the standoff, but they have not held further talks as the administration has called on House Republicans to release a budget proposal. Some Republicans also favor the clean debt ceiling increase that Biden has demanded.

☆ U.S. House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ U.S. lawmakers focus on aviation safety after 2 near-miss crashes
▼ + stars: | 2023-02-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. "Right now the alarm bells should be going off across the aviation industry -- our system is stretched and stressed," Representative Garret Graves, the Republican chair of a subcommittee on aviation, said at a hearing. House of Representatives Transportation and Infrastructure committee chair Sam Graves, a Republican, said the incidents showed the aviation system is in need of "urgent attention." David Boulter, the Federal Aviation Administration's acting head of aviation safety, said the two recent events were serious. The FAA has hired 200 new aviation safety employees in the last year and about 200 the year before, Boulter said.

☆ U.S. aviation safety concerns need attention -- lawmakers
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Feb 7 (Reuters) - U.S. lawmakers said Tuesday recent incidents in the U.S. aviation system -- including two near miss crashes and the failure of a key pilot computing system -- raise serious concerns that need to be addressed. House Transportation and Infrastructure committee chair Sam Graves, a Republican, said at a hearing on aviation safety the incidents showed the aviation system is in need of "urgent attention." Representative Garret Graves, the Republican chair of a subcommittee on aviation, said "right now the alarm bells should be going off across the aviation industry -- our system is stretched and stressed." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. lawmakers seek repeal of Biden solar tariff waiver
▼ + stars: | 2023-01-26 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

The move is aimed at propping up domestic solar manufacturers, which have struggled to compete with cheap panels made overseas - often by Chinese companies. A Commerce Department probe last year found that some solar panel makers were dodging U.S. tariffs on Chinese-made goods by moving their products through Cambodia, Malaysia, Thailand and Vietnam. New proposed duties on imports from those countries will not kick in until June of 2024 because of a two-year waiver from Biden. Months later, the Commerce Department issued a preliminary decision to extend existing tariffs on Chinese solar products to goods from those nations. The White House has said the tariff exemption will serve as a bridge while the U.S. sector ramps up.

☆ The best indoor and outdoor cycling shoes of 2023
▼ + stars: | 2023-01-17 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +10 min

SKIP AHEAD Best cycling shoes | Best spinning shoes | How to get the most out of your cycling shoesWhat exactly are cycling shoes? Generally, cycling shoes, whether they are for indoor or outdoor use, are lightweight and more rigid than your average gym or running shoes. Different types of cycling shoesSince cycling includes so many different disciplines, there are a lot of different kinds of cycling shoes. Best cycling shoesBest basic road cycling shoes: BontragerFor those who are looking to stick to an entry level price point, Seacat recommends the Bontrager Circuit road cycling shoe. Cycling shoes have a break-in periodOur experts said that cycling shoes have a break in period.

☆ Former teacher who wore MAGA hat to school was protected by First Amendment, court rules
▼ + stars: | 2023-01-04 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

VANCOUVER, Wash. — The 9th Circuit Court of Appeals has ruled in favor of a former teacher in Vancouver, Washington, concluding that his wearing a hat supporting former President Donald Trump to school was protected speech under the First Amendment. Court documents show that science teacher Eric Dodge brought the “Make America Great Again” baseball cap with him to an Evergreen Public Schools building twice before the 2019-2020 school year. Wy’east Middle School Principal Caroline Garret allegedly told him to use better judgment. Dodge said he was “verbally attacked” by Garret and other school employees after bringing the hat again, and that retaliation amounted to a violation of his First Amendment rights. Michael McFarland, a lawyer representing the school district and Gomes, said his clients are happy with the ruling.

☆ CFRA's Garrett Nelson makes bullish case for Tesla
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Garrett Nelson makes bullish case for TeslaGarret Nelson, CFRA senior analyst, joins 'The Exchange' to discuss the headwinds dragging Tesla stock lower.

☆ Seth Moulton bankrolls ring maker, Mark Green goes crypto, Mark Warner sells a 7-figure window-and-door investment
▼ + stars: | 2021-04-19 | by ( Dave Levinthal | Kimberly Leonard | ) www.businessinsider.com time to read: +10 min

Democratic Rep. Seth Moulton has made a major investment in a Finnish wearable tech firm. Sen. Mark Warner, a Democrat, sold a major investment in a high-end window company. Elon Musk would be proudRep. Mark Green, a Republican from Tennessee, purchased between $1,001 and $15,000 worth of cryptocurrency Dogecoin — the same day virtual currency platform Coinbase went public. According to Barron's, he paid $1.95 million to acquire 15,000 shares for $130 each, and paid $1.4 million for 10,000 shares for $140 each. He also bought between $1,000 and $15,000 worth of stock in Amazon.

☆ A TALK WITH MILAN KUNDERA
▼ + stars: | 1985-05-19 | by ( Olga Carlisle | ) www.nytimes.com time to read: +2 min

The nature of his achievement may explain in part why Kundera is so fiercely protective of his privacy. Warned by mutual friends that the Soviet subjugation of his country had made Kundera mistrustful of Russians - all Russians - I felt I should mention my Russian origin. MILAN KUNDERA AND HIS WIFE, VERA, LIVE ON ONE of the quiet sidestreets of Montparnasse; their small apartment is a remodeled garret with a view of dove-gray Parisian roofs. Some are by Czechoslovak artists; the others are by Kundera himself - multicolored outsized heads and long-fingered hands, like Kundera's own. Vera Kundera is a pretty brunette, hair cut short, slender in blue jeans.

Persons: Philip Roth, Kundera, I'm, Leonid Andreyev, VERA, garret, Vera Kundera, Vera Organizations: MILAN Locations: Paris, San Francisco, Montparnasse, Czechoslovak, Bon Marche

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