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☆ Biden's student loan relief plan will cost $400 billion. Republicans call it 'unsustainable' and Democrats say it will give 'Americans more breathing room.'
▼ + stars: | 2022-09-26 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A new report from the Congressional Budget Office finds student loan relief will cost $400 billion. Now, the nonpartisan Congressional Budget Office is shedding light on how much relief will cost: $400 billion, plus $20 billion from outstanding loan payments and interest being paused through December. The $400 billion also pales in comparison to major expenditures from the administration, like $796 billion on defense in 2022. The student loan relief will disproportionately impact Black and Latino borrowers, millennials, and public servants such as teachers, police, and non-profit workers. "Today's CBO estimate makes clear that millions of middle class Americans have more breathing room thanks to President Biden's historic decision to cancel student debt," Sens.

The arrival of thousands of migrants in New York, Washington, Chicago and beyond has sent officials in those cities scrambling to establish a system of support services, with mixed success. The Office of Migrant Services in Washington, D.C., will offer urgent medical care and connection to resettlement services. Phillips said migrants have been calling volunteer groups in the city “constantly” with problems, leaving volunteers in rapid-response mode. Mental health services are lackingStill, Enriquez said, there is a major hole in that care: mental health services. Mental health screenings are also part of the initial medical checkups at city health centers, Jochum said.

☆ Rail unions have reached a tentative deal to avert economy-rattling strike
▼ + stars: | 2022-09-15 | by ( Stephen Jones | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Unions and rail companies have struck a deal, averting crippling rail strikes, the White House said. President Biden praised railway representatives for reaching a "tentative agreement" on Thursday. "For the American people, the hard work done to reach this tentative agreement means that our economy can avert the significant damage any shutdown would have brought," Biden said. One key provision in the new tentative agreement: Workers can take off unpaid sick days without fear of repercussions, according to the Associated Press. Workers in one union had already voted down the prior tentative agreement and were prepared to strike.

☆ Bernie Sanders blocks Republican proposal to override workers and stop a railroad strike: 'It is time for Congress to stand on the side of workers for a change'
▼ + stars: | 2022-09-14 | by ( Juliana Kaplan | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Senator Bernie Sanders blocked a Republican resolution to avert a rail strike and override workers. Sanders said that workers deserve paid sick leave, which is the demand holding up agreements. John Drake, VP of transportation, infrastructure and supply chain policy at the Chamber of Commerce, told Insider in a statement that he "welcomes" the Republican resolution. Sanders, Wicker, and Burr sparred over the workers' demands, with Sanders emphasizing that workers should get paid for time out sick — and a say in their contract. Sanders noted that rail workers would be entitled to no sick days, either paid or unpaid, under the current set of recommendations from the presidential panel.

☆ Senate Republicans want Congress to step in and prevent a nationwide rail strike that could hammer the economy
▼ + stars: | 2022-09-14 | by ( Juliana Kaplan | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Two Senate Republicans want Congress to step in and avert a shutdown of the nation's railroads. The US Chamber of Commerce estimates a rail shutdown would cost the economy $2 billion a day. A strike could prove expensive, with the business-friendly US Chamber of Commerce estimating a shutdown would cost the economy $2 billion a day. "We need action immediately to avoid a rail shutdown and the economic impacts that would fall on businesses and consumers," Drake said. "This is an issue that can and should be worked out between the rail companies and the unions, not by Congress.

☆ I'm a 17-year-old high school student who can't vote. Here's why I built a system to track Congress' troubling stock trades.
▼ + stars: | 2022-07-10 | by ( George Mccain | ) www.businessinsider.com time to read: +6 min

As a 17-year-old student at The Lawrenceville School in New Jersey, I can't even vote. I would spend the summer of 2021 creating a website — SenateTrades, I dubbed it — that analyzed senators' public financial disclosures. During an April congressional hearing, there was some bipartisan consensus that changes need to be made to congressional stock trading. My high school social studies class certainly didn't cover congressional stock trading. George McCain is a rising senior at The Lawrenceville School in Lawrenceville, New Jersey.

☆ Factbox: One last test for Trump's U.S. midterm election endorsements
▼ + stars: | 2022-05-01 | by ( ) www.reuters.com time to read: +8 min

But because neither candidate won 50% of the vote, they face off again on Tuesday in a run-off election. Following Trump's endorsement, he surged in opinion polls and easily defeated former North Carolina Governor Pat McCrory in the May 17 primary. David Perdue* Went up against Georgia's incumbent Republican Governor Brian KempDespite Trump's endorsement, former U.S. Senator David Perdue did not come close to upsetting Georgia's incumbent Republican Governor Brian Kemp in the party's nomination contest. Kemp, who had angered Trump by dismissing the former president's false statements about election fraud in the 2020 presidential contest, won his re-election bid against Democrat Stacey Abrams.

☆ Congress needs to stop day trading, says Senator Mark Warner, a former VC and entrepreneur
▼ + stars: | 2022-01-14 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +7 min

Virginia Sen. Mark Warner says members of Congress shouldn't be allowed to trade individual stocks. "The ability to trade, and particularly on a day trade basis, even if you're not doing anything wrong, it looks bad," said Sen. Warner. Nancy Pelosi's argument for allowing stock trading is that federal representatives should not be restricted from participating in the economy. His transactions took place just a week before the House Judiciary Committee advanced its slew of antitrust bills aimed at Big Tech. As he leaned back in his chair in his Washington DC office, Sen. Warner, a seasoned investor, brought the point home.

☆ All the best products we’ve tested in 2021 (so far)
▼ + stars: | 2021-11-03 | by ( Cnn Underscored Staff | ) edition.cnn.com time to read: +62 min

Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.

☆ Rep. Marjorie Taylor Greene just bought stock in 2 more companies that back Black Lives Matter
▼ + stars: | 2021-09-07 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Greene has purchased stock in several companies that contradict her political positions. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyIn April, Rep. Marjorie Taylor Greene said Black Lives Matter "is the strongest terrorist threat in our county." She also introduced legislation to award Congressional Gold Medals to law-enforcement officers "who protected American cities during the Black Lives Matter (BLM) riots" of 2020. Speaking up because BLACK LIVES MATTER." Consumers may also buy numerous Black Lives Matter-themed products at Walmart.com — but no "all lives matter" merchandise.

☆ Rep. Marie Newman and her husband are packing their stock portfolio with COVID-19 vaccine makers and other pandemic-sensitive companies
▼ + stars: | 2021-04-21 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +11 min

Democratic Rep. Marie Newman's husband has an active stock portfolio. Jim Newman, chief operating officer at Figo Pet Insurance, bought and sold stock in companies that either soared or sputtered during the pandemic, including Pfizer and Moderna, the companies behind the nation's two leading COVID-19 vaccines. Financial disclosures show Jim Newman sold up to $65,000 in Moderna stock on January 2. By February, he turned his interest to Pfizer, twice trading as much as $15,000 worth in the company's stock shares that month. For instance, Newman sold as much as $250,000 in Netflix stock in January, as much as $50,000 in Apple stock in February, and as much as $50,000 in Salesforce stock in January.

Trump's Save America PAC released a photo showing the former president meeting with House Minority Leader Kevin McCarthy on January 28. It added: "President Trump will always and forever be a champion for the American People." Millions of Trump supporters would likely follow Trump to a new political party — if he chose to break away from the Republican Party. Afterward, McCarthy predicted intraparty peace, saying in a statement: "President Trump committed to helping elect Republicans in the House and Senate in 2022." "President Trump has agreed to work with Leader McCarthy on helping the Republican Party to become a majority in the House."

"We don't have a leader of the Republican Party," Sen. Richard Burr of North Carolina told Insider. It's a common phenomenon when a party loses the White House and control in both chambers of Congress. It's what happens whenever a party loses the White House and majority control on both ends of the Capitol. That's the problem facing Wyoming Rep. Liz Cheney, the third-ranking House Republican. Manuel Balce Ceneta/AP'Until something else comes along'Trump may be barred from major social-media platforms, but he also isn't giving interviews or commanding attention from the White House.

☆ The House GOP’s Immaturity Caucus
▼ + stars: | 1801-02-11 | by ( Karl Rove | ) www.wsj.com time to read: +1 min

Kevin McCarthy ’s election as speaker on the 15th ballot early Saturday morning was a spectacle, and his concessions left him weaker than he would have been with unified support. Still, he isn’t the only speaker elected with only 216 votes—two fewer than a majority of a full 435-member House. The 1800 election ended in an Electoral College tie, sending the contest to the House. Six days and 36 ballots later, Jefferson prevailed over his running mate, Aaron Burr , who attempted to grab the White House with support from the Federalist opposition. So will Mr. McCarthy, though his path is harder.

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