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(AP) — With bipartisan support, a proposed Louisiana congressional map that would create a second majority-Black district sailed through the state Senate on Wednesday and will advance to the House chamber for debate. A second majority-Black district could also result in another Democratic seat in Congress. Officials have until Jan. 30 to pass new congressional boundaries with a second majority-minority district in Louisiana. A judge on the district court signaled that she will create a map by herself if lawmakers don't complete the task. On the Senate floor Wednesday, Democrats raised concerns that under the proposed map, the Black voting-age population in Carter's district would decrease to 51%.
Persons: , Garret Graves, Graves, Glen Womack, Mike Johnson, Steve Scalise, Julia Letlow, Troy Carter Organizations: , Democrats, Black, Democratic, U.S, Supreme, U.S ., Appeals, Fifth, Republicans, GOP, Republican U.S . Rep, U.S . Rep, Republican Locations: BATON ROUGE, La, Louisiana, Black, Congress . Louisiana, Alabama, Womack’s, New Orleans, Baton Rouge, Carter's
ANDERSON, S.C. (AP) — Republican U.S. Rep. Jeff Duncan said Wednesday he will not run for an eighth term in his solidly Republican South Carolina district. Duncan said he ran for office after the September 2001 terrorist attacks because he wanted to serve his country. He made energy policy one of his chief concerns, pushing for more nuclear power. The last time the seat was open in 2010, it attracted several candidates who remain at the South Carolina Statehouse — Sens. Duncan represents South Carolina's Third District, a mostly rural area in the northern and western part of the state that includes Greenwood, Anderson, Edgefield and Easley.
Persons: ANDERSON, Jeff Duncan, Duncan, ” Duncan, Anderson, Duncan hasn't, Rex Rice, Richard Cash, Neal Collins, Shane Massey, Democrat hasn't, Republican Lindsey Graham Organizations: — Republican U.S . Rep, Republican South, U.S . House, , Republicans, South Carolina Statehouse —, South, Democrat, Republican, . Locations: S.C, Republican South Carolina, U.S, South Carolina Statehouse — Sens, Greenwood, Anderson, Edgefield, Easley
(AP) — Longtime Omaha community activist Preston Love Jr. has announced he is seeking the Democratic nomination to challenge Republican U.S. Sen. Pete Ricketts for the seat Ricketts was appointed to fill last year. Love, 81, launched his campaign Wednesday in north Omaha before a crowd of about 100 with the endorsements of some of the state's top Democrats, including state party executive director Precious McKesson and state Sen. Tony Vargas. Ricketts also gave more than $1 million to the political action committee Conservative Nebraska, which ran a slew of attack ads against Pillen’s primary opponents. It is the second time the state party has backed Love for the Senate seat — although the first time came under unusual, scandal-plagued circumstance. Love is the founder and executive director of the nonprofit Black Votes Matter Institute of Community Engagement and an adjunct professor of Black studies at the University of Nebraska at Omaha.
Persons: , Preston Love Jr, Sen, Pete Ricketts, Ricketts, Precious McKesson, Tony Vargas, Vargas, Don Bacon, Love, haven't, Lyndon, Johnson, Ricketts —, “ I'm, Jim Pillen, Ben Sasse, Pillen, Chris Janicek, Brad Ashford, Alisha Shelton, Nebraska’s, Sasse Organizations: — Longtime, Democratic, Republican U.S, Congress, Republican, GOP, Senate, , United, Republican Gov, University of Florida, Conservative Nebraska, Democrats, U.S . Rep, of Community, University of Nebraska Locations: OMAHA, Neb, — Longtime Omaha, Omaha, Nebraska, U.S, United States, Love
Fg Trade | E+ | Getty ImagesRising inventory is helping push rent prices down. Many Gen Zers are still living with their parentsWhile some older Gen Zers were able to become homeowners during the Covid-19 pandemic, most did not. Gen Z includes those born between 1996 and 2012, according to Pew Research Center's definition, and the youngest members of that cohort are still teens and tweens. Of the Gen Z adults who currently rent, 27% say they can no longer afford the cost, the firm found. In the meantime, there are ways Gen Z adults can prepare, especially those at home saving on expenses.
Persons: Gen, Daryl Fairweather, Jacob Channel, It's, Zers, Intuit Credit Karma, Melissa Lambarena Organizations: Pew Research, Intuit Credit, Finance Locations: U.S
Senator Tommy Tuberville (R-AL) speaks with reporters on the way to the Senate floor for a procedural vote regarding top military appointees at the U.S. Capitol in Washington, U.S., September 20, 2023. Senator Tommy Tuberville, who has blocked hundreds of military promotions for months to protest the Pentagon's payment of abortion-related travel costs, said on Tuesday he would lift his hold on some of them. Tuberville's actions have affected some 400 officers and their families, as well as lower-level officers in the military. Democrats have said Tuberville should show his objection on a policy matter by targeting Biden nominees involved with policy. Reporting by Jasper Ward and Susan Heavey; writing by Costas Pitas; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.
Persons: Tommy Tuberville, Jonathan Ernst, I've, Republican Tuberville, Biden, Jasper Ward, Susan Heavey, Costas Pitas, Rami Ayyub Organizations: U.S, Capitol, REUTERS, Rights, Republican U.S, Pentagon, Republican, Thomson Locations: Washington , U.S, Alabama
The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.
Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin’s, Henry Kissinger, Rosalynn Carter, Jimmy Carter, Silvio Berlusconi, Dianne Feinstein, James Buckley, James Abourezk, Nigel Lawson, Pervez Musharraf, Sandra Day O’Connor, Li Keqiang, Martti Ahtisaari, United Nations Bill Richardson, Gov, Sheila Oliver, Theodoros Pangalos, Tina Turner, Ike Turner, Suzanne Somers, Matthew Perry, Raquel Welch, Richard Belzer, Chaim Topol, Jacklyn Zeman, Lance Reddick, Alan Arkin, Paul Reubens, David McCallum, Richard Roundtree, Tom Sizemore, Jimmy Buffett, Sinéad O’Connor, Rita Lee Jones, Burt Bacharach, David Crosby, Fito Olivares, Ryuichi Sakamoto, Astrud Gilberto, Coco Lee, Tony Bennett, Harry Belafonte, Cormac McCarthy, William Friedkin, Bob Barker, Jerry Springer, Louise Glück, Jeff Beck, Mary Quant, Kaija Saariaho, Lloyd Morrisett, Fred White, Maurice, Verdine White, Ken Block, Walter Cunningham, Fay Weldon, ” Jan, Russell Pearce, Charles Simic, Lynette “ Diamond ” Hardaway, Donald Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, , San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, , Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, Jacqueline Gold, Britain’s Ann Summers, John Wick ”, John Jenrette, Juana La, Willis Reed, Darcelle, Paul O’Grady, Lily Savage, Emperor ”, Hedda Kleinfeld Schachter, Margaret Thatcher, Ben Ferencz, Nuremberg, Elisabeth Kopp, Michael Lerner, Jack Lipnick, “ Barton Fink, Bugsy Calhoun, Anne Perry, Thomas Pitt, William Monk, Al Jaffee, magazine’s, Charles Stanley, Richard Riordan, Todd Haimes, Tony Awards, Barry Humphries, Tony, Dame Edna Everage, Len Goodman, Carolyn Bryant Donham, Emmett Till, LeRoy “ Lee ” Carhart, Larry “, ___ Gordon Lightfoot, Tori Bowie, Vida, Grace Bumbry, Rock ”, Ovelha, Denny Crum, Heather Armstrong, Bobbie Spencer, Rolf Harris, Kenneth Anger, Doyle Brunson, Jim Brown, Timothy Keller, Andy Rourke, Ray Stevenson, Thor ”, Ed Ames, George Maharis, Carroll Cooley, Miranda, John Beasley, Kaija, George Winston, Ipanema ”, Robert Hanssen, Richard Snyder, Simon & Schuster, Françoise Gilot, Pablo Picasso —, Pat Robertson, Theodore “ Ted ” Kaczynski, Roger Payne, Treat Williams, Glenda Jackson, Daniel Ellsberg, Richard Nixon, Big, George Frazier, Lee Sarokin, Rubin “, ” Carter, Winnie Ewing, Sheldon Harnick, Jerry Bock, “ Fiorello, John Goodenough, Peg Yorkin, Sue Johanson, Yan Mingfu, John Berylson, James Lewis, poisonings, Mikala Jones, André Watts, Jane Birkin, Kevin Mitnick, San Francisco ”, Frank Sinatra, Lady Gaga, Hugh “ Sonny ” Carter Jr, Jimmy, Randy Meisner, Herman, Angus Cloud, Fezco, ” O’Neill, ___, Mark Margolis, Hector Salamanca, Saul, Sixto Rodriguez, flamed, Robbie Robertson, Tom Jones, Magoo, Timbaland, Aaliyah, Missy Elliott, Clarence Avant, Quincy Jones, Bill Withers, Ada Deer, Jerry Moss, Herb Alpert, Alpert, Michael Parkinson, Muhammad Ali, Miss Piggy, Jiri Cerny, Betty Tyson, Richard Nixon’s, John Warnock, Ron Cephas Jones, Howard Hubbard, Samuel “ Joe ” Wurzelbacher, Joe, Barack Obama, Gil Brandt, Tom Landry, Tex Schramm, Bill Richardson, Steve Harwell, Shabtai Shavit, Jordan, Ian Wilmut, Dolly, Prince Mangosuthu Buthelezi, Roy Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, , New, of Fame, Louis Cardinals, , Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, , African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, , California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire
"Fortunately for us, she set her sights a little higher – becoming the first woman to serve as a U.S. Supreme Court justice. U.S. SUPREME COURT CHIEF JUSTICE JOHN ROBERTS"A daughter of the American Southwest, Sandra Day O'Connor blazed an historic trail as our Nation's first female Justice. SENATOR SUSAN COLLINS“The passing of Justice Sandra Day O’Connor reminds all of us of what an extraordinary woman and justice she was. JUSTIN DRIVER, PROFESSOR AT YALE LAW SCHOOL AND FORMER LAW CLERK TO O'CONNOR"Today, we lost a towering, trailblazing jurist who dramatically improved our nation. SENATOR CHUCK GRASSLEY, FORMER CHAIRMAN AND CURRENT MEMBER OF THE SENATE JUDICIARY COMMITTEE“Justice O’Connor was the first Supreme Court nominee I had the honor of voting for as a senator.
Persons: Sandra Day O'Connor, BARACK OBAMA, Sandra Day, Michelle, JOHN ROBERTS, SUSAN COLLINS “, Sandra Day O’Connor, ” CRISTINA RODRIGUEZ, O'CONNOR, NANCY PELOSI, O’Connor, EUGENE VOLOKH, JUSTIN, Justice O’Connor, CHUCK GRASSLEY, LARRY KRAMER, iCivics, John Kruzel, Andrew Chung, Scott Malone, Alistaiir Bell, Richard Chang Organizations: U.S, Supreme, Stanford Law School, SUPREME, REPUBLICAN U.S, AT YALE, SCHOOL, LAW, UCLA, OF, trailblazer, CIVICS, Thomson Locations: U.S, Arizona, Texas, American, New York
U.S. officials, after learning about the plot in late July, demanded that India investigate, a senior administration official said. High-level meetings and pledges of closer cooperation have continued, with Biden's secretaries of state and defense visiting Delhi this month. A senior U.S. administration official called the assassination plot a "serious matter" and said Washington expects India to stop such activities, even as the Biden administration pursues "an ambitious agenda to expand our cooperation" with India. Biden has made a priority of nurturing ties with India, hoping to counter China’s ambitions in Asia while drawing India away from Russia as the U.S. seeks to isolate Moscow over its invasion of Ukraine. "Both the U.S. and India realize that they need each other, perhaps the U.S. a bit more than India."
Persons: Elizabeth Frantz, Nikhil Gupta, Joe Biden, Narendra Modi, Biden, Modi, Lisa Curtis, Hardeep Singh Nijjar, Canada’s, Happymon Jacob, Richard Rossow, Ashley Tellis, David Brunnstrom, Simon Lewis, Krishn Kaushik, Jonathan Landay, Trevor Hunnicutt, Don Durfee, Gerry Doyle Organizations: Eisenhower, White, REUTERS, Rights, Federal, New, New York City, Indian, White House, CIA, Washington, South, National Security Council, Canada, Jawaharlal Nehru University, Washington's Center, Strategic, International Studies, Biden Administration, Carnegie Endowment, International, U.S, Thomson Locations: United States, India, Washington , U.S, U.S, China, Manhattan, New York, New Delhi, Delhi, The U.S, Central Asia, Asia, Russia, Moscow, Ukraine, York, Canada, Vancouver suburb, Gujarat
[1/5] U.S. President Joe Biden delivers remarks at CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsDENVER, Nov 29 (Reuters) - President Joe Biden will tout his economic and clean energy policies on Wednesday in Colorado while taking on right-wing Republican U.S. lawmaker Lauren Boebert, a close ally of former President Donald Trump. Biden, who blamed Trump at a fundraising event in Denver on Tuesday for taking away women's right to an abortion, will visit a wind tower manufacturer in Pueblo, part of Boebert's congressional district. Biden, a Democrat running for reelection next year, has presided over a stronger-than-expected U.S. economy and big federal investments in infrastructure and clean energy, but the clean energy industry is now struggling with high costs. At the wind tower manufacturer, Biden will speak about clean energy investments and "highlight how self-described MAGA Republicans like Representative Lauren Boebert are threatening those investments, jobs, and opportunities," the White House said.
Persons: Joe Biden, Evelyn Hockstein, Lauren Boebert, Donald Trump, Biden, Trump, MAGA, Democrat Adam Frisch, Boebert, Jeff Mason, Heather Timmons, Jonathan Oatis Organizations: CS, REUTERS, Rights DENVER, Republican U.S, Biden, Democrat, Trump, Republican, White House, MAGA Republican, U.S, Capitol, MAGA Republicans, White, Reuters, Thomson Locations: Pueblo , Colorado, U.S, Colorado, Denver, Pueblo, Boebert's
Why is US Rep George Santos in trouble?
  + stars: | 2023-11-29 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsWhy is US Rep George Santos in trouble? PostedRepublican U.S. Representative George Santos has been engulfed in scandal since his 2022 election and charged with corruption. Here's what you should know about the embattled first-term lawmaker.
Persons: George Santos, Representative George Santos Organizations: Republican U.S, Representative
In Texas, 18 of the 25 Republican U.S. representatives have voted against Ukraine aid. In Arizona, three of six Republican representatives voted against aid while $2.196 billion poured into the state. The conservative Defending Democracy Together group's "Republicans for Ukraine" campaign has been tracking Republican rhetoric and voting patterns on Ukraine aid legislation. It gave "poor" or "very poor" grades to two of Wisconsin's six Republican representatives, to one of Arkansas' four Republican representatives and to three of Pennsylvania's eight Republican representatives. Yet Johnson voted against Ukraine aid repeatedly before he became speaker last month.
Persons: Mike Stone WASHINGTON, Biden, Joe Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's Locations: Ukraine, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington
Can U.S.-China Student Exchanges Survive Geopolitics?
  + stars: | 2023-11-28 | by ( Vivian Wang | ) www.nytimes.com   time to read: +1 min
On a cool Saturday morning, in a hotel basement in Beijing, throngs of young Chinese gathered to do what millions had done before them: dream of an American education. At a college fair organized by the United States Embassy, the students and their parents hovered over rows of booths advertising American universities. Did America still want Chinese students? And were Chinese students sure they wanted to go to America? He had read the frequent headlines about gun violence, anti-Asian discrimination and, of course, tensions between the United States and China, at one of their highest levels in decades.
Persons: , Zhuang Tao Organizations: United States Embassy Locations: Beijing, America, United States, Australia, Britain, China
In Texas, 18 of the 25 Republican U.S. representatives have voted against Ukraine aid. In Arizona, three of six Republican representatives voted against aid while $2.196 billion poured into the state. The conservative Defending Democracy Together group's "Republicans for Ukraine" campaign has been tracking Republican rhetoric and voting patterns on Ukraine aid legislation. It gave "poor" or "very poor" grades to two of Wisconsin's six Republican representatives, to one of Arkansas' four Republican representatives and to three of Pennsylvania's eight Republican representatives. Yet Johnson voted against Ukraine aid repeatedly before he became speaker last month.
Persons: Joe Biden, Evelyn Hockstein, Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: White, REUTERS, Rights, Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's, Thomson Locations: Ukraine, Washington , U.S, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington
While OpenAI later transitioned to a for-profit model, its controlling shareholder remains the nonprofit OpenAI Inc. and its board of directors. This unique structure made it possible for four OpenAI board members — the company's chief scientist, two outside tech entrepreneurs and an academic — to oust CEO Sam Altman on Friday. When it was founded, OpenAI’s original board co-chairs were Altman and Tesla CEO Elon Musk. Musk recently launched his own AI startup, xAI, to compete with OpenAI, Microsoft and Google, among others. OpenAI's board members have not responded to requests for comment.
Persons: ChatGPT, OpenAI, Sam Altman, Berkshire Hathaway, OpenAI’s, , Sarah Kreps, Altman, Greg Brockman, , Kreps, Ilya Sutskever, we’ve, Adam D’Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Will Hurd, Shivon Zilis, Brockman, Elon Musk, Musk, D’Angelo, tweeting, ” He’s, Matt O'Brien, Michael Liedtke Organizations: FRANCISCO, Google, Facebook, OpenAI Inc, Cornell University’s Tech Policy Institute, Microsoft Corp, Microsoft, Georgetown Center for Security, Emerging Technology, Republican U.S . Rep, Tesla, OpenAI, Associated Press Technology Locations: Berkshire, OpenAI, Will Hurd of Texas, Providence , Rhode Island, San Francisco
The last near-miss with shutdown led to the Oct. 3 ouster of Republican U.S. House of Representatives Speaker Kevin McCarthy that left the chamber leaderless for three weeks. "No drama, no delay, no government shutdown," Democratic Senate Majority Leader Chuck Schumer said prior to the vote. McCarthy's successor, Speaker Mike Johnson, produced a stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. But hardline members of Johnson's 221-213 Republican majority voiced anger at the compromise, saying they would try to rein in federal spending again when current funding expires. Funding for all other federal operations - including defense - would expire on Feb. 2.
Persons: Joe Biden, Kevin McCarthy, Chuck Schumer, Mike Johnson, Biden, Chip Roy, Andy Sullivan, Scott Malone, Lisa Shumaker, Jonathan Oatis Organizations: U.S, Senate, Republican U.S . House, Democratic, Republican, Representatives, Republicans, Food and Drug Administration, Thomson Locations: Washington, Iowa, U.S, Israel, Ukraine
Trump had claimed he would suffer "extreme prejudice" without a new damages expert for the scheduled Jan. 16, 2024, trial. That Trump's chosen expert "was unreliable and would not testify had been known to him for months. Trump's lawyers are defending him at trial against New York Attorney General Letitia James' civil fraud claims related to his family business, the Trump Organization. In May, a jury ordered Trump to pay Carroll $5 million for sexual assault and defamation in a second lawsuit, after Trump again denied her claims in October 2022. The case is Carroll v. Trump, U.S. District Court, Southern District of New York, No.
Persons: Donald Trump, Steve Marcus, Donald Trump's, Jean Carroll, Trump, District Judge Lewis Kaplan, Kaplan, Letitia James, Carroll, Jonathan Stempel, Daniel Wallis Organizations: Republican U.S, Republican Jewish Coalition, Leadership, REUTERS, U.S, District, New York, Trump Organization ., Elle, Trump, Court, Southern District of, Thomson Locations: Las Vegas , Nevada, U.S, Manhattan, Southern District, Southern District of New York, New York
REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - A group of 46 Republican U.S. senators asked the Commerce Department on Thursday to answer questions about its Oct. 27 decision to temporarily stop issuing export licenses for most civilian firearms and ammunition for non-governmental users. The Commerce Department's 90-day pause has some exemptions including export licenses for Ukraine and Israel, as well as some other close allies. Earlier this month, Republican Representative Mark Green, who chairs the Homeland Security Committee, led a separate letter from more than 80 lawmakers seeking answers on the pause. The Republican party has consistently defended gun ownership rights under the U.S. Constitution, while many Democrats have called for new restrictions after a series of mass shootings. Exporters can continue to submit license requests during the pause, but they will be "held without action" until the pause is lifted.
Persons: Mitch McConnell, Elizabeth Frantz, Ted Budd, John Thune, Mark Green, David Shepardson, David Gregorio Our Organizations: U.S ., REUTERS, Rights, Republican U.S, Commerce Department, Republican, Homeland Security Committee, U.S, Constitution, Overseas, Thomson Locations: Washington , U.S, Ukraine, Israel, U.S
Auto strikes sink US manufacturing output in October
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
Manufacturing output fell 0.7% last month, the Federal Reserve said on Thursday. Excluding motor vehicles and parts, manufacturing production edged up 0.1%. Overall industrial production dropped 0.6% in October after edging up 0.1% in September. It is now eight-tenths of a percentage point below to its 1972–2022 average. The operating rate for the manufacturing sector slipped to 77.2% from 77.8% in the prior month and is one percentage point below its long-run average.
Persons: Rebecca Cook, Detroit's, Lucia Mutikani, Paul Simao Organizations: United Auto Workers, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Rights, UAW, Federal Reserve, Reuters, General Motors, Ford, Chrysler, Utilities, Thomson Locations: Wayne , Michigan, U.S
ORLANDO, Florida, Nov 16 (Reuters) - The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve's most aggressive interest rate-raising campaign in 40 years. The 'junk' bond market may also contain less junk than it used to. But changes in the composition of a leading high yield corporate bond index over recent years suggests this might be the case. "The high yield index is a higher quality index than in cycles past," reckons Bill Callahan, investment strategist at Schroders. It is now below 400 bps, and high yield bond investors are the most overweight since January, BofA's latest survey shows.
Persons: Bill Callahan, BofA's, Ashwin Krishnan, Morgan Stanley, Jamie McGeever, Marguerita Choy Organizations: U.S, ICE, Schroders, Bank of, North America, Reuters, Thomson Locations: ORLANDO, Florida
"Under plausible assumptions the size of the balance sheet could decline considerably further before reserves reach the level consistent with the ample reserves operating framework," Jefferson wrote in response to a series of questions from Scott about the roughly $8 trillion balance sheet. The senator also wrote letters to Fed Governors Lisa Cook and Adriana Kugler at the same time. Fed officials who have spoken on the matter have said the balance sheet can be reduced for an extended period. Speaking after the central bank's Oct. 31-Nov. 1 policy meeting, Fed Chair Jerome Powell said it was "not considering changing the pace of balance sheet runoff. Many market participants are eyeing next year or maybe 2025 as a potential time to end the drawdown of the balance sheet.
Persons: Philip Jefferson, Jefferson, Rick Scott, Scott, Lisa Cook, Adriana Kugler, Cook, Kugler, Jerome Powell, Loretta Mester, General, Michael S, Dan Burns, Paul Simao Organizations: Federal, Republican U.S, Fed, Reuters, Federal Reserve, Cleveland Fed, Thomson Locations: Jefferson
U.S. Commerce Secretary Gina Raimondo addresses the media during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. Commerce Secretary Gina Raimondo said a ministers meeting on Tuesday had completed three of four "pillars" in the Biden administration's Indo-Pacific Economic Framework talks on the sidelines of a Pacific Rim leaders summit. Raimondo, made the remark at a bilateral meeting with Japan, one of the 14 IPEF countries in the U.S.-led talks. We had an excellent ministerial earlier today, closing out the three pillars of the Indo-Pacific Economic Framework." U.S. Treasury Secretary Janet Yellen said on Monday the trade pillar negotiations will "require further work".
Persons: Gina Raimondo, Rebecca Cook, Raimondo, Yasutoshi Nishimura, Yoko Kamikawa, May, Biden, Janet Yellen, Xi Jinping, David Lawder, Christian Schmollinger Organizations: Commerce, Detroit , Michigan U.S, REUTERS, FRANCISCO, . Commerce, Biden, Pacific, Commerce Department, Economic Cooperation, Treasury, Thomson Locations: Detroit , Michigan, Japan, U.S, Asia, China . U.S, Lincoln
A Wisconsin teenager pleaded guilty Wednesday in New York federal court to conspiracy in connection with a scheme to hack user accounts at the DraftKings fantasy sports betting website and with others steal about $600,000 from its customers. The Manhattan U.S. Attorney's Office said Garrison on Nov. 18 last year launched a so-called "credential stuffing attack" on the website. Hackers in such attacks use stolen user credentials obtained from past data breaches to gain authorized access to user accounts. "Garrison and others successfully accessed approximately 60,000 accounts at the Betting Website," the office said. Garrison, who has been free on $100,000 bond since his arrest in May, is scheduled to be sentenced in Manhattan federal court on Jan. 16.
Persons: Joseph Garrison, Garrison Organizations: Manhattan U.S, Attorney's, Betting Locations: Wisconsin, New York, U.S, Manhattan, Madison
If both are calculated in dollar terms, however, Chinese stocks have, by some measures, carried an advantage over the very long term. Many observers say demographics, deleveraging, and de-risking - U.S. firms on-shoring, new supply chains, and trade tensions – will be a considerable long-term drag on Chinese growth. Little wonder, perhaps, that Chinese stocks are so cheap. Reuters Image Acquire Licensing RightsBased on 12-month forward price/earnings multiples, U.S. stocks are twice as expensive as Chinese stocks. For the past 10 years Chinese stocks have been substantially cheaper than U.S. stocks, and most of the decade before that they were usually cheaper too.
Persons: Brendan McDermid, Goldman Sachs, Morgan Stanley, Torsten Slok, Janet Yellen, Lifeng, Colin Graham, Graham, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Shanghai, CSI, Reuters, Apollo Global Management, U.S, Treasury, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, China, Mexico
Vivek Ramaswamy, a brash multimillionaire former biotech executive, took a swipe at Florida Governor Ron DeSantis over his cowboy boots, echoing speculation the shoes contain hidden lifts to boost his height. Five Republican candidates took part in Wednesday's debate. Trump allies have relentlessly hammered DeSantis over his cowboy boots, suggesting that DeSantis has hidden lifts inside them. DeSantis has said the boots are standard boots from Lucchese, a Texas-based western style shoe maker. Haley, who clashed with Ramaswamy several times during Wednesday's debate, corrected him, saying she actually wears five-inch heels.
Persons: Ron DeSantis, Jerry Falwell, Vivek Ramaswamy, Florida Governor Ron DeSantis, Dick Cheney, Ramaswamy, you've, Nikki Haley, Cheney, George W, Donald Trump, DeSantis, Haley, Alexandra Ulmer, Dan Whitcomb, Eric Beech, Ross Colvin, Howard Goller Organizations: Florida, Republican U.S, Liberty University, Christian, Republican, Florida Governor, United Nations, Trump, Lucchese, Thomson Locations: Miami, Texas
Homebuyers finally got some relief as 30-year fixed mortgage rates dropped significantly last week. After steadily climbing for most of the year, rates slid from 7.86% to 7.61% — the largest one-week decline in over a year — according to the Mortgage Bankers Association. Lenders tend to lower mortgage rates when there's a sign of an economic slowdown or recession. With mortgage rates dropping, monthly homeownership costs will become more affordable. Assuming that you can afford a 20% down payment on a $431,000 home, the monthly payments for a 30-year fixed mortgage with a 7.61% rate work out to $2,437.
Persons: Homebuyers Organizations: Mortgage, Association, Census
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