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On Wednesday morning, Anne Pasternak, the director of the Brooklyn Museum, awoke to find that the front of her co-op building had been defaced with red paint and accusations — attacks inscribed on a large banner — calling her “a white supremacist Zionist.” Trustees and the museum’s president also found their morning colored by similar angry disparagements in front of their own apartments. These apparently coordinated attacks came nearly two weeks after 34 people were arrested at a pro-Palestine rally in front of the museum. Protesters, who assaulted security staff and damaged artwork displayed in the plaza outside, were calling for Israeli divestment from a museum facing budget cuts and lumbering along with an endowment smaller than, say, Harvard’s by a factor of 407. Seven months ago, the museum was criticized not for a sympathetic view toward Israel but instead for antisemitic leanings. The turmoil in which so many universities and cultural institutions were now engulfed was playing out at the museum as whiplash.
Persons: Anne Pasternak, Chuck Schumer, , Organizations: Brooklyn Museum, , Palestine, Protesters Locations: Israel, Palestine
Soon after two overheated Ohio Republicans stood chest-to-chest trading taunts on the debate stage in 2022, Donald J. Trump watched a video of the viral clip and raised an eyebrow. Vance, that helped win over the former president and secured a race-changing Trump endorsement for Mr. Vance in Ohio’s Senate primary. Mr. Trump is thinking about debate performances once again as he considers whom to pick as the Republican vice-presidential nominee, according to three people who have spoken to the former president. As he weighs the pros and cons of candidates, Mr. Trump has sought advice on who would be best to help raise money and who would be the most disciplined campaigner. A third factor, the three people say, is who matches up best on the debate stage against Vice President Kamala Harris, a seasoned politician and former prosecutor.
Persons: Donald J, Trump, Vance, Kamala Harris Organizations: Trump, Republican Locations: Ohio’s
Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.
Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, , Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel
By the time intelligence collected on overseas ISIS targets connected the men to the terror group, they had already been vetted by immigration authorities and allowed into the country, officials said. The men remain in federal custody on immigration charges and will eventually be deported following the counterterror investigation into them. US officials and analysts who closely track Islamist terror groups do know that ISIS-K has dramatically ramped up its online propaganda machine. But that’s not necessarily a reliable gauge of the number of actual terrorists who may be trying to enter the United States, US officials argue. Or they could belong to a legacy terror group — like the FARC — that isn’t known for conducting attacks on US soil.
Persons: , “ We’re, , Michael Morell, Christopher Wray, CNN Colin Clarke, ” Clarke, ” Republican Oklahoma Sen, James Lankford, noncitizens, that’s, Clarke, — it’s, ” Said, It’s Organizations: CNN, ISIS, FBI, ICE, Islamic, Crocus, US, Affairs, Foreign Affairs, ” Republican Oklahoma, Jordanian, US Marines Locations: Tajikistan, Central Asia, Afghanistan, Europe, Moscow, United States, al Qaeda, Syria, North America, Central, Uzbekistan, Kazakhstan, Quantico
Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC) speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation. A longtime financial regulator, Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation's financial derivatives regulator, and previously worked with the Department of Treasury. Her previous nominations to the nation's financial regulators were unanimously confirmed by the Senate. Gruenberg's resignation would not be official until Goldsmith Romero nomination is finalized.
Persons: Christy Goldsmith Romero, Joe Biden, Martin Greunberg, Gruenberg's, Goldsmith Romero, Sen, Sherrod Brown, Gruenberg, Cleary Gottlieb Steen, Hamilton, hasn't, Tim Scott Organizations: Futures Trading Commission, DC, Washington , D.C, Federal Deposit Insurance Corporation, White, Commodity Futures Trading Commission, Department of Treasury, Georgetown University, Senate, Banking Committee, Republicans, FDIC, Republican Locations: Washington ,, Ohio
New York CNN —President Joe Biden has nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation. Goldsmith Romero, a Democrat, served as special inspector general for the Troubled Asset Relief Program at the Treasury Department that was borne out of the Great Recession. As incoming head of the FDIC, she will largely be viewed as the figure responsible for fixing the longstanding problematic culture at the agency. An independent investigation commissioned by the FDIC released in early May confirmed the Wall Street Journal’s reporting from last year. Gruenberg’s exitUnder pressure from the top-ranking Democrat on the Senate Banking Committee, Sherrod Brown of Ohio, Gruenberg announced he would vacate the position once a new chair is confirmed.
Persons: Joe Biden, Christy Goldsmith Romero, Martin Gruenberg, Goldsmith Romero, Goldsmith Romero “, , , wrongdoers, Sherrod Brown of, Gruenberg, Travis Hill Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Democrat, Troubled Asset, Treasury Department, FDIC, , Senate Banking, Republican Locations: New York, , Gruenberg’s, Sherrod Brown of Ohio
Christy Goldsmith Romero, a lawyer who spent more than a decade rooting out fraud and other bad behavior at banks that received federal aid in the wake of the 2008 financial crisis, has been chosen to be the next leader of the Federal Deposit Insurance Corporation, the White House announced on Thursday. Her pick is the first step in President Biden’s quest to quickly replace the current chair, Martin Gruenberg, the bank regulator’s longtime leader who said last month that he would resign in response to reports of vast workplace abuse and harassment at the agency. If the Senate Banking Committee acts quickly to hold a hearing and a vote on Ms. Goldsmith Romero’s candidacy, she has a chance of assuming the role before the presidential election in November. In a statement emailed to reporters, the committee’s chairman, Sherrod Brown, Democrat of Ohio, said Ms. Goldsmith Romero “would bring to the F.D.I.C. decades of financial services experience, including valuable experience.”“She has proven herself to be a strong, independent and fair regulator who is not afraid to do what’s right,” he said.
Persons: Christy Goldsmith Romero, Biden’s, Martin Gruenberg, Goldsmith Romero’s, Sherrod Brown, Goldsmith Romero “, Organizations: Federal Deposit Insurance Corporation, White, Committee, Democrat Locations: Ohio
Sydney CNN —Australian authorities are investigating the distribution of deepfake pornographic images of around 50 schoolgirls, allegedly created by a teenager using artificial intelligence. Victoria Police confirmed they had arrested and released a teenager “in relation to explicit images being circulated online” pending further inquiries. Victoria is the only Australian state where sharing deepfake pornography is a criminal offense. This month, the Australian government introduced legislation to criminalize the distribution of deepfake pornography nationwide. Under the proposed law, offenders could face up to six years in prison for sharing non-consensual sexually explicit deepfake material.
Persons: , Bacchus Marsh, Andrew Neal, Neal, vomited, Emily, Bacchus, Francesca Mani, Taylor Swift, Alexandria Ocasio, Cortez, , Anthony Albanese, Tim Richardson, Victoria State Premier Jacinta Allan, ” Allan Organizations: Sydney CNN —, Victoria Police, Australian Broadcasting Corporation, ABC, ABC Radio Melbourne, Bacchus Marsh, Social, Westfield High School, New, Republicans, Judiciary, Victoria, Victoria State Premier Locations: United States, Bacchus, Melbourne, Victoria, New Jersey, New York, Cortez, Ocasio
The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House declined comment. She had been lined up for the Treasury role before Gruenberg succumbed last month to political pressure to resign. Punchbowl News earlier on Wednesday reported that the White House would announce Romero's nomination on Thursday.
Persons: Christy Goldsmith Romero, Sherrod Brown, Joe, Goldsmith Romero, Martin Gruenberg, Kristin Johnson, Spokespeople, Brown, Johnson, Goldsmith Romero's, Gruenberg Organizations: Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, imminently, White House, Democratic, Banking, U.S, Commodity Futures Trading Commission, Treasury Department, Treasury, FDIC, Labor, Street, Punchbowl Locations: Washington , DC, Washington
Aerial view of a fire during a protest outside the National Congress in Buenos Aires on June 12, 2024. Argentina's Senate narrowly passed President Javier Milei's sweeping economic reform bill, delivering a tentative legislative victory to the right-wing leader even as protesters clashed with riot police. Lawmakers in Argentina's upper house on Wednesday voted 37 to 36 to approve the bill after a marathon debate, with Vice President and head of the Senate Victoria Villarruel casting the deciding vote in favor of Milei's economic measures. The reform bill is a core tenet of Milei's push to revive the country's crisis-stricken economy. "Today there are two Argentinas," Argentina's vice president said, according to Reuters.
Persons: Javier Milei's, Senate Victoria Villarruel, Villarruel Organizations: National Congress, Argentina's, Lawmakers, Senate Victoria, Getty, Buenos Aires Times, Reuters Locations: Buenos Aires, Argentina
Arizona is a battleground state that both parties are desperate to win in November. And right now, supporters of abortion rights in the state are in the midst of gathering signatures to ensure that, along with the presidential race and a competitive Senate contest, enshrining the right to abortion in the state’s Constitution will be on the ballot this fall. The measure has broad support in the state, and Democrats are banking on that to drive a wide range of people to the polls to vote on the ballot measure — and, they hope, for Mr. Biden. But there’s no guarantee that will happen. For the next two weeks, we’re going to focus on how abortion rights could shape the 2024 election in Arizona.
Persons: Biden Locations: Arizona, state’s
“There’s high anticipation here and great excitement,” Speaker Mike Johnson told reporters on Wednesday before Mr. Trump’s visit. Mr. McConnell condemned Mr. Trump’s actions and declared him responsible. Pressed about Mr. Trump’s visit to Washington, Mr. McConnell told reporters on Wednesday, “I said earlier this year I supported him. He’s earned the nomination by the voters all across the country.”Defying the expectations of Mr. McConnell and many others, Mr. Trump did not disappear. Most of corporate America had turned its back on Mr. Trump after the violence on Jan. 6.
Persons: Donald J, Trump, Republicans ’, Biden, Trump’s, Mitch McConnell, , , Mike Johnson, John Barrasso of, McConnell, acquit, Erin Schaff, Mr, He’s, Ron DeSantis, Tim Cook, Jamie Dimon Organizations: Republicans, Republican, Trump, Business, Capitol, Biden’s Electoral, The New York Times, Gov, Capitol Hill, Apple, JPMorgan Chase, America Locations: Washington, Manhattan, John Barrasso of Wyoming, Georgia, Lago, Florida, Mecca
Senator Chuck Grassley, a Republican from Iowa and ranking member of the Senate Budget Committee, during a hearing in Washington, DC, on Tuesday, March 12, 2024. As Congress wrestles with a looming decision over trillions in expiring tax breaks, lawmakers and experts in a Senate Budget Committee hearing debated several Democratic proposals for higher taxes on corporations and wealthy Americans. Proponents said the plans aim to address income inequality and the federal budget deficit. However, many of these proposals, such as reforms to carried interest, have failed to gain broad support even among Democrats, said Sen. Chuck Grassley, R-Iowa. While carried interest reform was originally included in the Inflation Reduction Act, those changes were removed before the bill passed in the Senate.
Persons: Chuck Grassley, Joseph Stiglitz, Sen, Mitt Romney Organizations: Republican, Finance, Biden, Trump, Columbia University, Senate Locations: Iowa, Washington ,, R, Utah
The Federal Aviation Administration’s top official acknowledged on Thursday that the agency failed to adequately oversee Boeing and that it should have had better visibility into the plane manufacturer’s safety practices long before a door panel blew off a plane while it was in flight on Jan. 5. Mike Whitaker, the agency’s administrator, appeared before the Senate Commerce, Science and Transportation Committee weeks after Boeing, which has experienced a spate of problems, submitted a comprehensive plan detailing how it would overhaul its quality control practices and safety culture. “The F.A.A.’s approach was too hands-off, too focused on paperwork audits and not focused enough on inspections,” Mr. Whitaker said. “We have changed that approach over the last several months, and those changes are permanent.”Mr. Whitaker said the changes included permanently increasing the agency’s use of in-person inspections and barring Boeing from increasing production of its 737 Max jets until the agency is satisfied with the company’s quality control and safety improvements. will also continue to maintain a presence at the company’s factories and one of its suppliers, Spirit Aerosystems.
Persons: Mike Whitaker, Mr, Whitaker, , Aerosystems Organizations: Federal Aviation, Boeing, Senate Commerce, Science, Transportation
Donald J. Trump flew into Washington last summer in a state of misery. He was there for his criminal arraignment, and he told associates afterward that the city was disgusting. He could feel Washington’s hostility, aides said. Today, he returns to the nation’s capital under much different circumstances — to flex his dominance over a political and business establishment that has been forced to come to terms with him. After years of hoping that someone else could step up to lead their party, that establishment is gradually submitting to the reality of the 2024 campaign.
Persons: Donald J, Trump, Republicans ’, Biden, Trump’s, Mitch McConnell, Organizations: Republicans, Republican, Trump Locations: Washington, Manhattan
Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.
Persons: Donald Trump, Eva Marie Uzcategui, , New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas
Washington DC CNN —Federal Aviation Administration chief Mike Whitaker said his agency is partly responsible for the safety problems at Boeing, admitting that it had been “too hands off” in its oversight of the troubled aircraft manufacturer. But he also said that the FAA was not blameless in that incident. Whitaker said that the FAA previously had 24 inspectors at Boeing and Spirit and that the number was in the low 30s now. But Whitaker said that Boeing needs to make changes as well to improve the safety of its planes. “There must be a fundamental shift in the company’s safety culture in order to holistically address its quality and safety challenges,” he said.
Persons: Mike Whitaker, Whitaker, , , ” Whitaker, We’ve Organizations: Washington DC CNN — Federal Aviation Administration, Boeing, Senate, Alaksa Airlines, FAA, Boeing’s South Locations: Boeing’s, Boeing’s South Carolina, Renton , Washington
CNN —Senate Republicans voted Thursday to block a bill put forward by Democrats that would guarantee access to in vitro fertilization nationwide. They want to get rid of IVF, they’re afraid to say it.”Biden attacked Senate Republicans after the vote. “And just last week, Senate Republicans blocked nationwide protections for birth control. Last week, Senate Republicans voted to block a Democrat-led bill that would guarantee access to contraception. Cruz and Britt attempted to pass their IVF legislation on the Senate floor Wednesday through a unanimous consent request, but Democrats blocked the effort.
Persons: Republican Sen, John Cornyn of, Roe, Wade, Chuck Schumer, MAGA, Dobbs, ” Schumer, CNN’s Erin Burnett, ” Biden, , Democratic Sens, Patty Murray, Tammy Duckworth of, Cory Booker of, Lisa Murkowski, Susan Collins of, Katie Britt, Alabama, Ted Cruz of, Joni Ernst of, Cruz, Britt, Murray, CNN’s Kaanita Iyer, Sam Fossum, Morgan Rimmer Organizations: CNN, Democrat, Republican, Republicans, Democratic, Tammy Duckworth of Illinois, Southern Baptist, Joni Ernst of Iowa, GOP Locations: John Cornyn of Texas, Washington, Cory Booker of New Jersey, Alaska, Susan Collins of Maine, Ted Cruz of Texas
OpenAI adds former NSA chief to its board
  + stars: | 2024-06-13 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former director of the National Security Agency. Nakasone was the longest-serving leader of the U.S. Cyber Command and chief of the Central Security Service. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining as chief financial officer. OpenAI also hired Kevin Weil, an ex-president at Planet Labs, as its new chief product officer. Weil was previously a senior vice president at Twitter and a vice president at Facebook and Instagram.
Persons: Paul Nakasone, OpenAI, Paul M, Nakasone, OpenAI's, Adam D'Angelo, Larry Summers, Bret Taylor, Sam Altman, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Siri, Sarah Friar, Friar, Kevin Weil, Weil Organizations: National Security Agency, Intelligence, Capitol, U.S . Army, U.S . Cyber Command, Central Security Service, Security, Sony, Monday, Apple, Planet Labs, Twitter, Facebook Locations: Washington, U.S
CNN —Group of Seven leaders have reached an agreement to loan money to Ukraine backed by the profits from frozen Russian investments, a senior administration official confirmed Thursday. While Ukraine is not a G7 member, its president, Volodymyr Zelensky, attended the summit and participated in a Thursday evening joint news conference with Biden. “Would we stand with Ukraine?” Biden said at the news conference. The United States, the G7 and countries around the world have consistently answered that question by saying yes we will. The loan will be drawn from funds frozen by Western leaders in the wake of Russia’s invasion of Ukraine in 2022.
Persons: Volodymyr Zelensky, Biden, , ” Biden, … we’re, , Jake Sullivan, Donald Trump, Trump, Vladimir Putin, Zelensky, ” Zelensky, Organizations: CNN — Group, Seven, Ukraine, House, Republican Locations: Ukraine, United States, Italy, Puglia, Russia, Ukrainian, Europe, November’s, Israel, Taiwan
Justice Clarence Thomas never disclosed three trips aboard the private jet of the Texas billionaire Harlan Crow, according to documents obtained by the Senate Judiciary Committee. The documents, obtained by Democrats on the panel, list three visits that have not been previously been reported: one to a city in Montana, near Glacier National Park, in 2017; another to his hometown, Savannah, Ga., in March 2019; and another to Northern California in 2021. The purpose of each trip was not immediately clear, nor was the reason for their omission on the justice’s disclosure forms. However, all of the flights involve short stays: two were round trips that did not include an overnight stay. The revelation underlined the extent to which Justice Thomas has relied on the generosity of his friends over the years and the consistency with which he declined to report those ties.
Persons: Clarence Thomas, Harlan Crow, Thomas Organizations: Senate Locations: Texas, Montana, Savannah, Ga, Northern California
Supreme Court Justice Clarence Thomas has omitted at least three private jet trips gifted by Republican megadonor Harlan Crow from his annual financial disclosures, a top Senate Democrat alleged Thursday. Those trips included private flights in 2017, 2019 and 2021 that Thomas failed to disclose, according to Judiciary Committee Chairman Dick Durbin of Illinois. The Senate probe of the Supreme Court "makes it crystal clear that the highest court needs an enforceable code of conduct, because its members continue to choose not to meet the moment," Durbin said in a statement. Spokespeople for Thomas and the Supreme Court did not immediately respond to CNBC's requests for comment. Thomas said in his latest disclosure that those two trips were "inadvertently omitted" at the time.
Persons: Clarence Thomas, Harlan Crow, Thomas, Dick Durbin of, Crow, Durbin, Spokespeople, ProPublica, Elliot Berke Organizations: Republican, Dick Durbin of Illinois, CNBC, Washington , D.C, D.C, Senate Locations: St, Louis , Missouri, Kalispell , Montana, Dallas , Texas, Washington ,, Savannah , Georgia, San Jose , California, Bali, Indonesia, Monte Rio , California, Crow
And under the presidencies of both Donald Trump and Joe Biden, divisions over the issue have only sharpened further. Once in office, Trump sought to execute his broad vision. AdvertisementRepublicans across the country have routinely excoriated Biden over border security since taking office, pointing their fingers at him over record levels of apprehensions at the border. Where Donald Trump stands on immigrationTrump has staked much of his 2024 campaign on Biden's vulnerabilities on immigration among voters. AdvertisementTrump has made it clear that he intends to crack down on illegal immigration should he retake the White House.
Persons: , Donald Trump, Joe Biden, Trump, Biden, New York —, excoriated Biden, Alejandro Mayorkas, Greg Abbott, it's, Eric Adams Organizations: Service, Business, Biden, Immigration, Trump, GOP, Democratic, Senate, Mayorkas, Texas GOP Gov, New York City, Republicans, New York Times, Siena, Wall Street Locations: Mexico, Democratic, Chicago, New York, Las Vegas
The nation's central bank is once again leaving interest rates unchanged as it works to lower inflation. On Wednesday, the Federal Open Market Committee announced that it's holding its key interest rate benchmark steady in a range of 5.25% to 5.5%, continuing the pause that first began in September last year. The Summary of Economic Projections, released alongside the FOMC's interest rate decision, penciled in just one rate cut for 2024. "This housing-related inflation is directly driven by high interest rates: reducing rates will reduce the costs of renting, buying, and building housing, lowering Americans' single highest monthly expense," they wrote. "Lowering interest rates will likely also decrease the cost of auto insurance as well, which has risen due to factors completely unrelated to the cost of lending."
Persons: it's, Jerome Powell, We've, Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Brendan Boyle, Sen, Sheldon Whitehouse Organizations: Service, Federal, Market Committee, Business, Fed, European Central Bank Locations: Sens
But Democratic Sen. Ben Cardin of Maryland, who chairs the Foreign Relations Committee, criticized the House measure as a “divisive partisan bill” and said he is trying to reach a deal with Republicans to move bipartisan sanctions legislation. “Defending Israel from this flawed and biased prosecution deserves the same united support we share for the entire US-Israel relationship,” he said. “Political maneuvering by Republicans have made a bipartisan bill more difficult, but I have continued talks with those Republicans who are genuinely interested in a bipartisan path forward.”Cardin met with Senate Majority Leader Chuck Schumer on Tuesday afternoon. “If we’re going to get to the finish line, we’re going to need a bipartisan bill,” he said. We work well together.”Risch posted of X that he looks forward to the ICC legislation being on the agenda of the committee’s next meeting.
Persons: Republican Sen, Jim Risch’s, Suzanne Wrasse, Risch, Democratic Sen, Ben Cardin, , Israel, ” Cardin, Chuck Schumer, Cardin, Joe Biden, “ Sen, I’ve, ” Risch Organizations: CNN, Republican, Senate Foreign Relations, International Criminal Court, Hamas, Punchbowl News, ICC, Senate, Republicans, Democratic, Foreign Relations, Locations: Israel, Idaho, Ben Cardin of Maryland
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