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☆ Biden to deliver major economic address in Chicago next week
▼ + stars: | 2023-06-23 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

WASHINGTON, June 23 (Reuters) - U.S. President Joe Biden will deliver what his aides are billing as a major economic policy speech on Wednesday, laying down a key marker for his re-election campaign. The 2024 election will in part be seen as a referendum on Biden's handing of the economy. Those figures are a bad sign for Biden and his fellow Democrats, given that voters also rate the economy as their number-one issue. Biden aides see those figures as positive signs of a transition to more stable levels of growth after a sharp rebound from the COVID-19 recession. Biden, 80, is also expected to attend a fundraising event while he is in the Chicago area ahead of a deadline for federal fundraising records.

Persons: Joe Biden, Biden, Donald Trump, Trevor Hunnicutt, Kieran Murray, Alistair Bell Organizations: Reuters, Federal, Republican, Thomson Locations: Chicago, U.S

☆ Rep. George Santos' mystery bail backers to be revealed at noon
▼ + stars: | 2023-06-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

U.S. Rep. George Santos leaves the U.S. District Court for the Eastern District of New York in Central Islip, New York, May 10, 2023. The secret identities of Republican Rep. George Santos' bail backers in his federal criminal case are set to be revealed Thursday at noon ET. "That risk is further heightened by the fact that the very crimes Rep. Santos has been charged with involve abusing the political process for personal gain," the Times noted. A consortium of news outlets, including NBC News, followed suit, arguing, "Rep. Santos cannot overcome the presumption of openness" afforded by the First Amendment and federal common law. The judge noted that Santos can move to modify the conditions of his bail if his remaining guarantors decide to back out.

Persons: George Santos, Santos, Joanna Seybert, Joseph Murray, Murray, Seybert, Republican Party's Organizations: Rep, Eastern, of, Republican Rep, Santos, The New York Times, U.S, Times, NBC, Justice Department, Republican, NBC News, CNBC Locations: U.S, of New York, Central Islip , New York, New York, NBCUniversal

☆ George Santos bail backers will be revealed Thursday, judge orders
▼ + stars: | 2023-06-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

U.S. Representative George Santos (R-NY) speaks to the media as he leaves Central Islip Federal Courthouse in Central Islip, New York, May 10, 2023. The identities of the people who guaranteed Rep. George Santos' $500,000 bond in his criminal fraud case will be revealed Thursday at noon ET, a federal judge ordered Tuesday. Other sealed documents in the case, including Seybert's full written order, are also scheduled to be unsealed Thursday, according to a docket entry in Santos' case. After his initial court appearance, Santos was released on a $500,000 bond backed by multiple guarantors, whose names were kept under seal. A magistrate judge in the case sided with the news outlets earlier this month but gave Santos time to appeal the decision.

Persons: Representative George Santos, George Santos, Judge Joanna Seybert's, Santos, Joseph Murray, Murray, Republican Party's Organizations: Representative, Islip Federal, Republican, New York Times Locations: Islip, Central Islip , New York, U.S, Long

☆ US House Speaker McCarthy hopes to 'get back on right track' after Conservative revolt
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: 1 min

June 11 (Reuters) - U.S. House Speaker Kevin McCarthy said on Sunday he hoped to get back on the right track after a conservative revolt paralyzed the Republican Party's efforts to advance its agenda in Washington. The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern. "Hopefully this week we get back on the right track," he told Fox News. Reporting by Costas Pitas in Los Angeles; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin McCarthy, McCarthy, Costas Pitas, Christopher Cushing Organizations: ., Sunday, Republican, Fox News, Thomson Locations: Washington, Los Angeles

☆ Michigan GOP to change 2024 nomination process, may boost Trump
▼ + stars: | 2023-06-11 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

[1/4] Kristina Karamo, a candidate for the Michigan Republican Party's state party chair, speaks to delegates ahead of their vote on the key party leadership position, in Lansing, Michigan, U.S., February 18, 2023. That could serve as an advantage for Trump given his popularity among local party officials, some Republicans and political experts said. Michigan Republicans have been weighing changes to its delegate-selection process after the Democratic Party, which controls the state legislature, moved forward its primary to Feb. 27. Kristina Karamo, chairwoman of the Michigan Republican party, said on Saturday that the hybrid primary and caucus plan was aimed at avoiding a penalty from the RNC. "If Trump is really strong in Michigan he may sail to the nomination."

Persons: Kristina Karamo, Nathan Layne, Donald Trump, Trump, Michael Schostak, Ron DeSantis, Nikki Haley, Mike Pence, Tim Scott, Chris LaCivita, DeSantis, LaCivita, Karamo, Elaine Kamarck, William Mallard Organizations: Michigan Republican, REUTERS, Republican, Republican National Committee, Trump, Michigan Republicans, Democratic Party, RNC, Republicans, Twitter, Brookings Institution, Thomson Locations: Lansing , Michigan, U.S, Michigan, Grand Rapids, Michigan's, Florida

☆ Michigan Republicans to change 2024 nomination process, may boost Trump
▼ + stars: | 2023-06-11 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

[1/4] Kristina Karamo, a candidate for the Michigan Republican Party's state party chair, speaks to delegates ahead of their vote on the key party leadership position, in Lansing, Michigan, U.S., February 18, 2023. That could serve as an advantage for Trump given his popularity among local party officials, some Republicans and political experts said. "Those Republicans supporting someone other than Trump are not well represented among the current precinct delegates and state committee." Michigan Republicans have been weighing changes to its delegate-selection process after the Democratic Party, which controls the state legislature, moved forward its primary to Feb. 27. Kristina Karamo, chairwoman of the Michigan Republican party, said on Saturday that the hybrid primary and caucus plan was aimed at avoiding a penalty from the RNC.

☆ Trump set to deliver fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +7 min

"In the end, they're not coming after me, they're coming after you -- and I'm just standing in their way," Trump will say, according to his prepared remarks. The indictment alleges Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. "The weaponization of federal law enforcement represents a mortal threat to a free society," Florida Gov. He said the details of the Trump indictment is "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, Jack Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Kemp, Raffensperger, Burt Jones, Biden, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Georgia Republican, Columbus Convention, Trade Center, America, FBI, DNC, Trump, Republican, Fox News, Gov, Arizona, Georgia Republicans, National Rifle Association, Department, Justice, New, Republicans, Department of Justice, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, State, Miami, Florida, New Jersey, America, New York, Iowa

☆ Trump delivers fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +8 min

They're coming after you — and I'm just standing in their way," Trump said. The indictment alleged that Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. Another person in attendance was the conservative Trump ally Rep. Marjorie Taylor, R-Ga., whom the former president brought onstage for brief remarks. He said the details of the Trump indictment were "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, They're, Biden, Jack Smith, Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Raffensperger, Kemp, Burt Jones, Marjorie Taylor, —, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Biden administration's weaponized Department, Injustice, Georgia Republican, Columbus Convention, Trade Center, Trump, Justice Department, FBI, DNC, Republican, Fox News Saturday, Gov, Army, Arizona, Georgia Republicans, National Rifle Association, New, Republicans, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, Miami, Florida, New Jersey, America, New York, Iowa

[1/2] Republican National Committee Chairman Reince Priebus speaks to the audience before the start of the Republican U.S. presidential candidates debate sponsored by CNN at the University of Miami in Miami, Florida, March 10, 2016. REUTERS/Carlo AllegriWASHINGTON, June 2 (Reuters) - The Republican National Committee on Friday announced relatively stringent limits on who can participate in the first 2024 presidential primary debate, posing a potential challenge for several long-shot contenders. The RNC, the Republican Party's governing body, will also require all attendees to support the eventual Republican nominee, the body said on Friday. The rules are almost certain to limit the number of candidates on the debate stage relative to previous election cycles. During the 2016 Republican presidential nominating process, for instance, some 17 candidates participated in the first debate.

Persons: Reince Priebus, Carlo Allegri WASHINGTON, Donald Trump, Doug Burgum, Perry Johnson, Ron DeSantis, Nikki Haley, Tim Scott, Gram Slattery, Nathan Layne, Colleen Jenkins, Marguerita Choy Organizations: Republican National, Republican U.S, CNN, University of Miami, REUTERS, Republican National Committee, RNC, Republican, North Dakota, South Carolina, Trump, Thomson Locations: Miami , Florida, Milwaukee, Iowa , New Hampshire, South Carolina, Nevada, North, Trump , Florida

☆ Mike Pence is set to launch his presidential campaign next week
▼ + stars: | 2023-05-31 | by ( Jonathan Allen | ) www.cnbc.com time to read: +4 min

Former US Vice President Mike Pence speaks during the Nixon National Energy Conference at the Richard Nixon Presidential Library & Museum in Yorba Linda, California, on Wednesday, April 19, 2023. Mike Pence plans to enter the GOP presidential nomination fray June 7 with a campaign video and a kickoff speech in Des Moines, Iowa, according to a person familiar with his launch schedule. Redefining himself to Republican voters, most of whom know him primarily as Trump's vice president, will be a challenge. The former vice president will campaign in all 99 Iowa counties before the caucuses, the person said, adding that the campaign "will do the things that put Mike Pence in an advantageous position." A pro-Trump mob sacked the U.S. Capitol that day in an effort to stop the certification, and some of the rioters chanted "hang Mike Pence."

Persons: Mike Pence, Richard Nixon, Donald Trump, Ron DeSantis, Pence, Pence's, Mike Pence's, Jan, Trump, Reagan, —, Chris Christie, Doug Burgum, That's, He'll Organizations: US, Nixon National Energy Conference, Richard Nixon Presidential Library & Museum, Florida Gov, Republican, Iowa GOP, Trump, Trump mob, U.S . Capitol, Social Security, New, New Jersey Gov, North Dakota Gov Locations: Yorba Linda , California, Des Moines , Iowa, Indiana, Iowa, Ukraine, New Jersey, Des Moines

☆ George Santos took unemployment for a year during the COVID pandemic despite having a $120K a year job at an investment firm, feds say
▼ + stars: | 2023-05-10 | by ( Chris Panella | Brent D. Griffiths | Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

GOP Rep. George Santos took unemployment during COVID-19 while working a $120k investment job, prosecutors say. Federal prosecutors allege Santos illegally received unemployment benefits while working at an investment firm. According to court documents, Santos "applied to receive unemployment insurance benefits through the New York State Department of Labor" in June 2020. In his application, Santos "falsely claimed to have been unemployed since the week of March 22, 2020," prosecutors wrote. Santos "certified his continued eligibility for unemployment benefits on a weekly basis" from June 19, 2020, to April 15, 2021, prosecutors alleged.

☆ Mitch McConnell says Tucker Carlson's following in the GOP is 'disturbing'
▼ + stars: | 2023-05-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Mitch McConnell recently offered his most blunt remarks yet on former Fox News host Tucker Carlson. "At the risk of patting myself on the back, not many Republicans went after Tucker Carlson, but I did," McConnell told Bloomberg. "I think Carlson had developed a coterie of followers in the Congress as well as in the country that I found disturbing." "I do think the party of Ronald Reagan is coming back here," said McConnell. Despite McConnell's comments, Carlson continues to enjoy warm relations with many in the Republican Party.

When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics. In 2012, Thiel backed libertarian lawmaker Ron Paul, and in 2016 he donated some $1.25 million to the campaign efforts of Trump, who is the frontrunner for the 2024 Republican nomination. In the 2022 election cycle, however, Thiel emerged as a potential Republican kingmaker, contributing more than $35 million to 16 federal-level Republican candidates, according to OpenSecrets. The business associate said he was not aware of any special proviso for former employees.

☆ Peter Thiel, Republican megadonor, won’t fund candidates in 2024, sources say
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: +2 min

Thiel is unhappy with the Republican Party's focus on hot-button U.S. cultural issues, said one of the sources, a business associate, citing abortion and restrictions on which bathrooms transgender students can use in schools as two examples. He believes Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring U.S. innovation — a major issue for him — and competing with China, the business associate said. Online news site Puck previously reported Thiel was most likely either to support Trump or sit out the primary. When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics.

☆ NBC News poll: Nearly 70% of GOP voters stand behind Trump amid indictment, investigations
▼ + stars: | 2023-04-23 | by ( Mark Murray | ) www.cnbc.com time to read: +4 min

And half of those who don't want the 80-year-old Biden to run say the president's age is a "major" reason why. Forty-six percent of Republican primary voters pick Trump as their first choice, while 31% select DeSantis as the 2024 candidate they favor. Businessman Vivek Ramaswamy has 2%.Meanwhile, DeSantis is the second choice of 33% of GOP primary voters, Trump is the second pick of 20%, and Haley is the second choice of 14%. Yet what also stands out in the poll are the nearly 70% of Republican primary voters who say they stand behind Trump despite the different investigations he's facing. Majorities don't want Biden, Trump to run for president in 2024The NBC News poll also comes just days before Biden's expected announcement for re-election.

☆ Former Rep. Will Hurd might launch a 2024 GOP presidential campaign. He's still waiting to see if his party agrees that 'we're better together.'
▼ + stars: | 2023-04-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Former GOP Rep. Will Hurd, a Trump critic, is considering running for president in 2024. He says he won't support Trump in 2024 and suggested DeSantis will struggle to appeal to voters. the former Texas congressman told Insider in an interview before his address to the Iowa Faith and Freedom Coalition's Annual Spring Kick-off. "We have four years," he told Insider, "before we could potentially get surpassed by the Chinese government as a global superpower." On abortion, Hurd told Insider it "probably makes sense" to institute a nationwide ban after 15 weeks, with exceptions for rape, incest, and the life of the mother.

REUTERS/Brendan McDermidNEW YORK, April 20 (Reuters) - A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year. Here is a Q&A about the implications for markets:WHAT IS THE DEBT CEILING? The debt ceiling is the maximum amount the U.S. government can borrow to meet its financial obligations. Outstanding government debt, nominal gross domestic product and federal limit to borrowWHEN WILL THE U.S. HIT THE DEBT CEILING? Some Treasury bills (T-bills) are featuring a premium in their yields that may be tied to an elevated default risk, according to some analysts.

☆ Ron DeSantis knows his 6-week abortion ban could come back to haunt him — that's why he's doing it under the radar
▼ + stars: | 2023-04-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Ron DeSantis signed a new law banning abortion after 6 weeks of pregnancy. He signed with almost no fanfare, especially compared to the crowd for his 15-week ban in 2022. Ron DeSantis enacted a 15-week abortion ban for people who are pregnant in April 2022, it was to much fanfare, with the governor surrounded by supporters and television crews. The 15-week abortion ban is still heading before the Florida Supreme Court, and if it's struck down, the six-week ban won't go into effect either. Seeing the recent backlash against Kacsmaryk, it makes sense why DeSantis would choose to avoid publicly signing the six-week ban in order to avoid a similar fate.

☆ Sen. Feinstein requested to temporarily have someone replace her on the Judiciary Committee amid health concerns, but Republicans could prevent that from happening
▼ + stars: | 2023-04-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Sen. Dianne Feinstein asked Senate Majority Leader Chuck Schumer to temporarily replace her on the Judiciary Committee. Without her in Washington, DC, Democrats have been unable to confirm as many Biden judges as preferred. Feinstein currently sits on the Senate Judiciary Committee, where Democrats hold 11 seats compared to the Republican Party's 10. Feinstein released a statement saying that she asked Schumer to have a Democrat temporarily replace her on the Judiciary Committee until her health concerns subside. If Republicans in the Senate prevent the committee change from happening, it could lead to even more pressure from Democrats for Feinstein to resign.

☆ House Dems start to call on Sen. Dianne Feinstein to resign
▼ + stars: | 2023-04-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Two Democratic members of Congress just called on Sen. Dianne Feinstein to retire. "I agree with @RoKhanna," Phillips wrote, "Senator Feinstein is a remarkable American whose contributions to our country are immeasurable. Feinstein, who's 89 years old, hasn't cast a vote since mid-February, around the time of her shingles diagnosis. Feinstein currently sits on the Senate Judiciary Committee, where Democrats hold 11 votes to the Republican Party's 10. Without Feinstein present, committee chair Sen. Dick Durbin has for delay committee meetings on multiple occasions when Feinstein would be the pivotal 11th vote, according to NBC News.

☆ Access to mifepristone is in legal limbo, but the abortion drug has wide support in recent polling. The issue could haunt the GOP in 2024.
▼ + stars: | 2023-04-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Dueling court rulings on the abortion pill mifepristone have further ignited passions on the issue. Ipsos polling reveals that Americans don't want to see an end to the legality of medication abortion. And the level of support for the continued legalization of medication abortion in the United States remains high. The Ipsos survey revealed that 65% of respondents wanted to see medication abortion remain available as an option, with 84% support among Democrats and 67% support among Independents. DeSantis, who has thrown his support behind a six-week abortion ban also embraced by the Republican-controlled Florida legislature, may have the most at stake, though.

☆ Explainer: How are money market funds preparing for a potential debt ceiling crisis?
▼ + stars: | 2023-04-06 | by ( John Mccrank | ) www.reuters.com time to read: +5 min

HOW BIG ARE MONEY MARKET FUNDS? Assets under management in U.S. money market funds, which include Treasury-only funds, prime funds, and government funds, totaled a record $5.2 trillion as of March 29, Investment Company Institute data showed. WHY IS THE DEBT CEILING A CONCERN FOR MONEY MARKET FUNDS? Fitch Ratings warned in February that the potential for investor redemptions and volatility in Treasury-only money market funds – as opposed to prime and government money market funds, which have other sources of funding – would rise if investors believed the government were to default. Runs on money market funds have been rare.

Trump wrote on his Truth Social profile shortly after arriving in New York from Florida on Monday, urging supporters to donate to his campaign. The arraignment, where Trump will be in court to hear charges and have a chance to enter a plea, was planned for 2:15 p.m. (1815 GMT) on Tuesday. Citing a single source briefed on Tuesday's arraignment procedures, Yahoo said none of the charges against Trump were misdemeanors. PROTESTS AND POPULARITYPolice over the weekend began erecting barricades near Trump Tower - where Trump arrived on Monday after flying in from Florida - and the Manhattan Criminal Court building, with demonstrations expected at both sites on Tuesday. On the Manhattan case, Trump in 2018 initially disputed knowing anything about the payment to Daniels.

WASHINGTON, March 31 (Reuters) - The indictment of former U.S. President Donald Trump sends a "terrible message" to the world about American justice and will encourage dictators to abuse power, former Vice President Mike Pence said on Friday. Former U.S. Vice President Mike Pence delivers remarks, in part addressing his opposition to a grand jury subpoena for testimony about efforts to overturn then-President Donald Trump's 2020 reelection loss, to the Coolidge Presidential Foundation conference at the Library of Congress in Washington, U.S. February 16, 2023. Trump, who is mounting a comeback bid for the presidency he lost in the 2020 election, was indicted on Thursday in New York. Pence has joined fellow Republicans and Trump's other potential 2024 rivals in condemning the indictment, calling it an "outrage." Reporting by Timothy Reid and Katharine Jackson; editing by Rami Ayyub and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Trump previously said he would continue campaigning for the Republican Party's nomination if charged with a crime. Shortly after, Trump appealed to supporters to provide money for a legal defense. Trump will have to travel to Manhattan for fingerprinting and other processing at that point. The Manhattan investigation is one of several legal challenges facing Trump, and the charges could hurt his presidential comeback attempt. No former or sitting U.S. president has ever faced criminal charges.

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