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☆ A Republican super PAC run by former NRA executives lost more than $158,000 in an email hack, federal records show
▼ + stars: | 2022-11-29 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

A GOP super PAC lost more than $158,000 in an email hack, filings with the FEC indicate. The PAC, Secure Our Freedom Action Fund, is run by two former high-ranking NRA executives. Letter from Secure Our Freedom Action Fund to the Federal Election Commission. Sen.-elect Katie Britt, a Republican from Alabama, is one of the candidates that super PAC Secure Our Freedom Action Fund supported this year. The political action committees of three large trade associations reported stolen checks and fraudulent activity this election cycle as well.

☆ Biden says Ukraine funding and COVID funding are legislative priorities
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Nov 29 (Reuters) - U.S. President Joe Biden said aid to Ukraine and funding to continue the fight against COVID-19 are priorities as he convened a meeting with congressional leaders on Tuesday to discuss legislative actions for the remainder of the year. Reporting by Steve Holland; Writing by Doina Chiacu; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. House committee to hold hearing on collapse of FTX
▼ + stars: | 2022-11-16 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 16 (Reuters) - The U.S. House Financial Services Committee said Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. The committee said it expects to hear from the companies and individuals involved, including FTX founder Sam Bankman-Fried, Alameda Research, Binance, FTX and related entities, among others. House Financial Services committee top Republican Patrick McHenry said "we must get to the bottom of this for FTX’s customers and the American people. It’s essential that we hold bad actors accountable so responsible players can harness technology to build a more inclusive financial system." Last week, U.S. Senate Agriculture Committee chair Debbie Stabenow said Congress needs to pass legislation after the FTX collapse.

☆ Yellen says U.S. debt ceiling hike by lame-duck Congress would be 'great'
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. Treasury Secretary Janet Yellen speaks at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 14, 2022. Yellen told reporters on the sidelines of G20 summit meetings in Bali that Senate control by Democrats would ease the path for approving nominations and other legislative actions. "We want to see the debt ceiling get done. If it got done in the lame duck, that would be great, as far as I'm concerned," Yellen said. Reporting by David Lawder Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ This midterm election outcome is 'typically good for markets': What investors can expect
▼ + stars: | 2022-11-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Election workers open mail in ballots at the Maricopa County Tabulation and Election Center in Phoenix on Nov. 11, 2022. "We still effectively have kind of a balanced government, which is actually something markets usually like," Egan said. "This is typically good for markets as it reduces policy and regulatory risk," she said. Keep in mind how little control any given set of politicians has over the stock market or the economy in general. What's more, if you take investment risk off the table in response to the results, you could miss out on the market's upside.

REUTERS/Emilie MadiSHARM EL SHEIKH, Egypt, Nov 10 (Reuters) - U.S. Democratic lawmakers at the UN climate summit in Egypt expressed concern on Thursday that Republican gains in the midterm Congressional elections could spell trouble for America's efforts to fight climate change. Speaking on the same panel, House Speaker Nancy Pelosi criticised lawmakers who disagree global warming is a real problem, and said Democrats and Republicans would have to work together to combat climate change. "We have to get over that," Pelosi said of lawmakers who have claimed climate change is a hoax. A delegation of Republican lawmakers arrived on Thursday in Sharm El-Sheikh separately from the Democrats and will hold an event on Friday. Last year, Biden pledged to double funds to help developing nations adapt to the effects of climate change by 2024 to $11.4 billion per year.

Oregon voters will determine Tuesday whether to pass stricter gun laws — the only ballot measure nationwide that addresses gun violence. Supporters, including shooting survivors in the state and across the country, say Oregon Measure 114 is necessary to reduce gun injuries and deaths. Everytown for Gun Safety, a nonprofit group that advocates gun control, said 55% of mass shootings since 2009 have involved firearms with high-capacity magazines. During a recent virtual news conference, a handful of people who have experienced mass shootings in Oregon voiced their support for the ballot proposition. Deschutes County Sheriff Shane Nelson, who is also president of the nonprofit Oregon State Sheriffs’ Association, said it would cost local agencies over $49 million annually.

Here are the requirements for forgiveness under PSLF, the limited PSLF waiver, and IDR:Normal PSLF requirements PSLF requirements under the limited waiver Student-loan forgiveness under one-time IDR adjustment Work requirements You must work full-time at a nonprofit, government, or tribal organization at the time of application and forgiveness. You must have made 120 eligible payments while you were employed by a nonprofit, government, or tribal organization. Accepted payment types Only payments made on time and in full count toward the 120 eligible payments needed for forgiveness. Past partial or late payments count toward the 120 eligible payments needed for forgiveness. Forbearance and deferment eligibility Forbearance and deferment periods do not count toward 120 eligible payments needed for forgiveness.

A federal judge in Texas on Friday extended an order temporarily allowing hundreds of thousands of young immigrants enrolled in a program to work and study in the U.S. without fear of being deported. The administration's revised version of DACA, aimed at codifying and strengthening the protections, is set to go into effect on Oct. 31. Texas, which is home to over 100,000 people enlisted in the DACA program, filed suit to end the program in 2018, alleging that the program is illegal because it should have been created by legislation, not executive order. Hanen agreed that the program was unlawful his July 2021 ruling. The program narrowly survived a different challenge before the high court in a 5-4 ruling in 2020, but the court now has a larger conservative majority.

☆ Opinion: The Fed doesn’t have a choice anymore. Get ready for a recession
▼ + stars: | 2022-10-07 | by ( Gad Levanon For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

On the other hand, overall employment growth has been much stronger than normal. Why has employment growth remained so strong? And it’s likely that these represent structural changes to buying patterns that will keep demand high. Employment growth is likely to slow down from its historically high rates, but it will still remain solid in the coming months. The only option that leaves the Fed is to engineer a recession by continuing to raise interest rates.

☆ As Biden vows to 'protect' Social Security, here's what we know about the future of benefits
▼ + stars: | 2022-09-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

"I want to save Social Security, Medicare and Veterans benefits." A spokeswoman for Scott pointed to a recent interview where he said his plan would help make sure people get their Social Security benefits. Specific plans from both parties are needed to secure the future of both Social Security and Medicare, she said. Due to high inflation, estimates show the Social Security cost-of-living adjustment is poised to be the highest in decades, according to The Senior Citizens League. One more month of consumer price index data will come in before the official bump for next year is announced by the Social Security Administration.

☆ The S&P Global exec in charge of the firm's DeFi efforts breaks down Wall Street's biggest hurdles to institutional adoption of crypto
▼ + stars: | 2022-09-23 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Chief DeFi Officer at S&P Global, Chuck Mounts, spoke at the Messari Mainnet conference on Thursday. Mounts says institutional capital will flood into crypto once there's more regulatory clarity. In recent years, Wall Street giants have made progress in offering crypto and its related products to their clients. S&P Global Ratings has followed in line with the other financial giants, who've signaled interest in crypto. In terms of policy, Mount says, these include both clear and educated regulation and legislation in crypto.

☆ DeSantis and the GOP's myth of an 'open border'
▼ + stars: | 2022-09-22 | by ( Debu Gandhi | Debu Gandhi Is The Senior Director Of Immigration Policy At The Center For American Progress Action Fund. | ) www.nbcnews.com time to read: +9 min

One would think that those perpetuating the “open border” myth would be eager to seize every opportunity to strengthen border security. This action — and similar ones orchestrated by other GOP governors — have also deliberately elevated the “open border” narrative, which falsely represents that unlawful immigrants are waltzing into the U.S. through a porous southern border in droves. Contrary to the “open border” myth, U.S. borders are guarded by a vast and well-funded national security agency that has grown far larger and more powerful in recent years. Nick Ut / Getty Images fileOne would think that those perpetuating the “open border” myth would be eager to seize every opportunity to strengthen border security. Characterizing the humanitarian challenge at the southern border as a solely U.S. “open border” problem also presents an inaccurate picture of the global forced displacement crisis.

☆ U.S. bank CEOs set for congressional grilling by Democrats and Republicans
▼ + stars: | 2022-09-21 | by ( Pete Schroeder | ) www.reuters.com time to read: +2 min

People wearing masks for protection against the coronavirus disease (COVID-19) walk past the U.S. Capitol in Washington, U.S., September 4, 2022. read moreThe CEOs due to testify include the heads of the four largest U.S. banks: JPMorgan Chase & Co's Jamie Dimon, Wells Fargo's (WFC.N) Charles Scharf, Bank of America's (BAC.N) Brian Moynihan and Citigroup's Jane Fraser. They are set to be joined by US Bancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak and Truist's (TFC.N) Bill Rogers, who run the country's largest regional lenders. Democrats are likely to press bank executives on fees, the closure of bank branches in poorer areas and how banks are addressing fraudulent transactions. Some large banks have adopted policies that some Republicans say amount to boycotts of certain industries such as fossil fuels and firearms.

☆ Big U.S. bank CEOs to be grilled by Congress on consumer, social issues
▼ + stars: | 2022-09-19 | by ( Pete Schroeder | ) www.reuters.com time to read: +5 min

The line-up includes the CEOs of the four largest U.S. banks: JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Citi's Jane Fraser and Wells Fargo's Charles Scharf. They will be joined by USBancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial CEO William Rogers, who run the country's largest regional lenders. That's a message the banks' executives, lobbyists, and trade groups have conveyed during a marathon of private meetings with key lawmakers over the past few weeks, the sources said. But bank executives are also wary of growing criticism from Republicans, traditionally allies who have pushed back against heavy regulation, over what they see as Wall Street's increasingly liberal leanings on environment and social issues. While executives faced some critical questions from Republicans on such issues last year, the pressure will be greater this time, said analysts.

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