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☆ Former DoJ official breaks down Senate hearing on PGA-LIV deal that reshapes pro golf
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer DoJ official breaks down Senate hearing on PGA-LIV deal that reshapes pro golfAnthony Coley, former Treasury deputy assistant secretary, joins 'Power Lunch' to discuss the Senate's PGA Tour-Liv golf merger hearing

Persons: LIV, Anthony Coley Organizations: DoJ

☆ Marines without Senate-confirmed leader for first time since 1859 after GOP senator blocks nominee
▼ + stars: | 2023-07-11 | by ( Zoë Richards | ) www.cnbc.com time to read: +3 min

For the first time in more than 150 years, the Marine Corps is operating without a Senate-confirmed commandant. The delay marks the first time the Marine Corps will have been without a Senate-confirmed commandant in 164 years. At a ceremony Monday for Berger — the Marine Corps' 38th commandant — Defense Secretary Lloyd Austin urged the Senate to act. "You know, it's been more than a century since the U.S. Marine Corps has operated without a Senate-confirmed commandant," Austin said. Tuberville, who for months has been using a procedural tactic to slow promotions that are typically approved through unanimous consent, objected to Reed's move, citing the Pentagon's abortion policy.

Persons: Sen, Tommy Tuberville, Vivek Murthy, David H, Berger, GOP Sen, Eric Smith, Lloyd Austin, it's, Austin, that's, Jack Reed, Reed, Tuberville, Reed's, Sabrina Singh, Roe, Wade Organizations: Health, Education, Labor, Marine Corps, GOP, —, Senate, U.S . Marine Corps, United States, Senate Armed, Pentagon, Supreme Locations: Alabama

☆ US Marine Corps in historic leadership limbo due to Republican block
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, July 10 (Reuters) - The Marine Corps is now without a Senate-confirmed leader for the first time in over a century thanks to a Republican senator's block on military nominations. Retiring Gen. David Berger formally relinquished command on Monday as the Marine Corps' commandant, creating the first of several possible vacancies of Senate confirmed leaders on the U.S. military's Joint Chiefs of Staff in the coming months. Pentagon spokesperson Sabrina Singh said last time the Marine Corps had an acting Commandant was from December 1, 1910 to February 2, 1911. Berger's retirement leaves General Eric Smith, the Marine Corps' No. He is President Joe Biden's nominee to become the next commandant but is expected to avoid major decisions without Senate confirmation.

Persons: David Berger, Tommy Tuberville, Lloyd Austin, Austin, Sabrina Singh, Singh, Roe, Wade, Charles " C.Q, Brown, Eric Smith, Joe Biden's, Phil Stewart, Patricia Zengerle, Stephen Coates Organizations: Corps, Republican, Marine Corps, military's, Chiefs, Staff, Pentagon, . Defense, Department, U.S, Supreme, Democratic, Army, Navy, Joint Chiefs, Air Force, Senate Armed Services Committee, Thomson Locations: Alabama, United States

☆ Republicans could filibuster the replacement of Dianne Feinstein, but it's unclear if they actually would: 'We couldn't do that'
▼ + stars: | 2023-07-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

They argue that Republicans could filibuster the appointment of a new senator to the Judiciary Committee. "We couldn't do that," said Republican Sen. Chuck Grassley of Iowa, who chaired the committee from 2015 to 2019. "I don't know why that would be a problem," said Republican Sen. Josh Hawley of Missouri, another member of the committee. With Feinstein absent, the Judiciary Committee could not quickly approve and send to the floor a slate of nominees that lacked GOP support. Republican Sen. Rick Scott of Florida expressed amazement that replacing Feinstein's seat could be subject to the Senate's 60-vote filibuster.

Persons: Dianne Feinstein, —, Sen, Dianne Feinstein's, Joe Biden's, Biden, Republican Sen, Chuck Grassley, Josh Hawley, Democratic Sen, Ben Cardin, Feinstein, Chuck Schumer, Lindsey Graham of, Graham —, Committee —, Mitch McConnell, Rick Scott, Anna Moneymaker, Barack Obama's, Amy Coney Barrett, Donald Trump's, Sheldon Whitehouse, Barbara Boxer, Cardin, Schumer, Ted Cruz, Cruz, McConnell, Graham, Scott, Schumer didn't Organizations: Committee, Service, Democratic, GOP, Republican, Republicans, CNN, Judiciary, California —, New York Times, Times Locations: Iowa, Josh Hawley of Missouri, Ben Cardin of Maryland, California, Lindsey Graham of South Carolina, Washington, Florida, Rhode, Ted Cruz of Texas

The Supreme Court ruled on Friday to strike down President Joe Biden's student-loan-forgiveness plan. Republicans, who had said the plan was unfair and unconstitutional, immediately celebrated. Republican lawmakers — many of whom had been outspoken critics of the plan — were happy to see it. Rep. Virginia Foxx, the GOP chair of the Education and Workforce Committee and an outspoken opponent of Biden's plan, wished "good riddance" to Biden's "illegal, economically disastrous taxpayer-funded bailout for the wealthy." Other Republicans took aim at the plan's constitutionality and claims that the relief was unfair, talking points that the GOP seized upon after Biden first introduced the plan.

Persons: Joe Biden's, —, Bill Cassidy, Cassidy, Brown, Biden, Virginia Foxx, Biden's, Foxx, Kevin McCarthy, Nancy Pelosi's, McCarthy, Rep, Pfluger, John Thune, Thune, Eric Schmitt, shouldn't, Schmitt Organizations: Republicans, Service, Republican, Health, Education, Labor, Pensions, Biden, US Department of Education, . Nebraska, GOP, MOHELA, Workforce Committee, Twitter, White Locations: ., Rep, Texas, South Dakota, Missouri

[1/2] Protesters gather inside the South Carolina House as members debate a new near-total ban on abortion with no exceptions for pregnancies caused by rape or incest at the state legislature in Columbia, South Carolina, U.S. August 30, 2022. REUTERS/Sam Wolfe/FILE PHOTOJune 27 (Reuters) - South Carolina's highest court on Tuesday appeared open to upholding a new state law banning abortion after about six weeks of pregnancy, months after it blocked a similar ban. That court ruled 3-2 in January that an earlier abortion law violated the right to privacy guaranteed by the state constitution. Both the earlier law and the newer law sought to ban abortion once a fetal heartbeat can be detected. Abortions are currently allowed in South Carolina through the first 22 weeks of pregnancy, one of the most permissive abortion laws in the region.

Persons: Sam Wolfe, Justice Kaye Hearn, Hearn, Justice Garrison Hill, Catherine Humphreville, William Lambert, John Few, John Kittredge, Catherine, Brendan Pierson, Alexia Garamfalvi, Alistair Bell Organizations: Carolina House, REUTERS, Planned, South Carolina Supreme, South, South Carolina's Republican, Justice, Democrat, Thomson Locations: Columbia , South Carolina, U.S, South Carolina's, South Carolina, New York

☆ Republican senator challenges Teamster president to a 'MMA fight for charity' after the union boss told him 'you know where to find me
▼ + stars: | 2023-06-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

GOP Sen. Markwayne Mullin challenged a union boss to a MMA fight for charity. "An attention-seeking union Teamster boss is trying to be punchy after our Senate hearing. MMA fight for charity of our choice," Mullin wrote on his official Twitter account. An attention-seeking union Teamster boss is trying to be punchy after our Senate hearing. MMA fight for charity of our choice.

Persons: Sen, Markwayne Mullin, Sean O'Brien, O'Brien, Mullin, —, Republican Sen, — Markwayne Mullin, James P, Hoffa, Jimmy Hoffa, Michael Avenatti, Avenatti, Stormy Daniels, Donald Trump Jr, Bernie Sanders, Sanders Organizations: Service, Republican, Oklahoma, Monday, Teamster Union, National Wrestling Hall of Fame, Teamsters, Health, Education, Labor, Pensions, Tulsa World Locations: Tulsa, Tulsa , Oklahoma, Oklahoma

☆ The Marine Corps might not get a confirmed leader for first time in 164 years due to standoff with Republican senator
▼ + stars: | 2023-06-25 | by ( Rebecca Kheel | Konstantin Toropin | ) www.businessinsider.com time to read: +7 min

On July 10, the Marine Corps may be led an acting commandant for the first time in 164 years. A GOP senator is blocking the next commandant's confirmation over the Pentagon's abortion leave policy. The Justice Department has already conducted a legal analysis of the Pentagon policy. Smith, then commander of III Marine Expeditionary Force, at Marine Corps Air Station Iwakuni in September 2018. "It was a spirited discussion, and it took a long time," Kaine said about the committee's closed-door debate on the abortion policy.

Persons: —, David Berger, Jim Stenger, Military.com, Berger's, Eric Smith, Smith, Sen, Tommy Tuberville, Read, Stenger, Berger, Chip Somodevilla, Archibald Henderson, Tuberville, Andrew Jones, Joe Manchin, Joni Ernst, Tim Kaine, Kaine, Charles " C.Q, Brown, Mark Milley, James McConville, Mike Gilday, — Rebecca Kheel, — Konstantin Toropin Organizations: Marine Corps, GOP, Service, Corps, Defense Department, Senate, Senate Armed Services, Capitol, Armed Services Committee, stonewall, National Defense, Pentagon, Justice Department, Peace Corps, Marine Expeditionary Force, Marine Corps Air, Iwakuni, US Marine Corps, Andrew Jones Senators, Marines, Air Force, Joint Chiefs of Staff, Twitter Locations: Iowa, Smith

WASHINGTON, June 22 (Reuters) - The U.S. Senate voted overwhelmingly on Thursday in favor of a tax treaty with Chile seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The Senate backed ratification by 95-2, comfortably over the two-thirds supermajority required to approve treaties in the 100-member chamber. Business interests have been pushing for the tax agreement for years. "If the United States is serious about remaining ahead of countries like China, it's imperative we pass this treaty today," Schumer said. Chile announced a plan to expand lithium mining in the country in April in an attempt to regain its position as the world's top lithium producer.

Persons: Joe Biden, Rand Paul, Chuck Schumer, Schumer, Patricia Zengerle, Sandra Maler, Jonathan Oatis Organizations: U.S, Senate, White, U.S . Senate, Republican, U.S . Chamber, Commerce, Democratic, Thomson Locations: Chile, U.S, United States, China

WASHINGTON, June 21 (Reuters) - The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The agreement cleared a Senate procedural hurdle by 97-2, comfortably over the two-thirds supermajority required to approve treaties in the 100-member chamber. Business interests have been pushing for the tax agreement for years. Final approval would send the treaty to the White House, where President Joe Biden must sign the papers necessary for ratification. Chile announced a plan to expand lithium mining in the country in April in an attempt to regain its position as the world's top lithium producer.

Persons: Joe Biden, Chuck Schumer, Patricia Zengerle, Alistair Bell Organizations: U.S, Senate, U.S . Chamber, Commerce, White, Democratic, Thomson Locations: Chile, Washington

☆ Amazon faces Senate probe over warehouse safety
▼ + stars: | 2023-06-20 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon's warehouse working conditions, which have come under increased scrutiny in recent years, are now at the heart of a congressional probe that's being led by Sen. Bernie Sanders of Vermont. Steve Kelly, an Amazon spokesperson, told CNBC in a statement that the company has received Sanders' letter and is in the early stages of reviewing it. The HELP committee posted a form on its website seeking testimonials from current and former Amazon employees about their experiences at the company. Amazon faces ongoing federal probes into its safety record beyond the Senate's actions. Amazon says it's made progress on reducing injuries across its U.S. operations, and continues to invest in safety initiatives, projects and programs.

Persons: Sen, Bernie Sanders, Andy Jassy, Sanders, Jeff Bezos, Steve Kelly, Jassy, it's, It's, Howard Schultz, Bezos Organizations: Health, Education, Labor, Pensions, Democratic, Amazon, CNBC, Occupational Safety, Health Administration, U.S, Attorney's, Department of Justice, OSHA, Starbucks Locations: Vermont

WASHINGTON, June 6 (Reuters) - The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal. McCarthy's comments could signal a tougher road through Congress when President Joe Biden next asks for additional funds for Ukraine. However, McCarthy, who negotiated the agreement with Biden, said he would not automatically allow a vote on supplemental spending legislation in the Republican-led House. SOME SENATE REPUBLICANS DISAGREEHowever, some Republican senators still said they believed a supplemental spending bill would be necessary. McCarthy said he supported Ukraine and helping Ukraine to defeat the Russian invasion but would want more information before moving ahead.

Persons: Kevin McCarthy, Joe Biden, Lawmakers, Biden, McCarthy, Susan Collins, Patricia Zengerle, Bill Berkrot, Jamie Freed Organizations: Ukraine, Kyiv, Republicans, Democratic, Republican, Department of Defense, Capitol, SOME, House Republicans, Democrats, House, Thomson Locations: Congress, Ukraine, Russian, Russia

☆ US senator presses for declassified report on Al Jazeera reporter's killing
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

Senator Chris Van Hollen called on Monday for declassifying a government report on the death of Al Jazeera's Shireen Abu Akleh, a Palestinian-American journalist who was shot and killed while covering an Israeli army raid last year. The U.S. Security Coordinator for Israel and the Palestinian Authority (USSC) conducted an investigation, but the report remains classified. In a statement, Van Hollen, a Democrat on the Senate's Foreign Relations Committee, said the report contains important insights into her death. In December, Al Jazeera made a submission to the International Criminal Court over Abu Akleh's killing. Israel insists that its soldiers do not deliberately target journalists and has refused to identify the soldier who may have shot Abu Akleh.

Persons: Chris Van Hollen, Al Jazeera's Shireen Abu Akleh, Abu Akleh, Abu Akleh's, Van Hollen, Al Jazeera, Biden, Rami Ayyub, Don Durfee, David Gregorio Our Organizations: declassifying, West Bank, U.S . Security, Israel, Palestinian Authority, Democrat, Senate's Foreign Relations, Israel Defense Forces, U.S . State Department, International Criminal, Thomson Locations: Palestinian, American, Jenin, Israel

The debt deal capped national security spending in fiscal 2024 at $886 billion, which is what U.S. President Joe Biden requested. Ordinarily, some of the $16 billion worth of unfunded priorities would get tacked on, as well as billions worth of lawmaker initiatives. In recent years Congress has increased defense spending by more than any president requests, generally by tens of billions of dollars. This year, the debt ceiling deal could make that more difficult. That Ukraine supplemental spending request is now expected to include a broader range of military spending and could include some items and pet projects left behind.

Persons: Joe Biden, Abrams, Lockheed Martin, Biden, Mackenzie Eaglen, Eaglen, Mike Stone, Patricia Zengerle, David Holmes Organizations: U.S, Department of Defense, General Dynamics, Lockheed, Huntington Ingalls Industries, Congressional, Pentagon, Congress, Democratic, Republican, American Enterprise Institute, Thomson Locations: Ukraine, Washington

☆ Dollar sags as Fed bets ebb, debt bill passes; Aussie soars
▼ + stars: | 2023-06-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The Australian dollar surged after an increase in the minimum wage stoked bets for the central bank to raise rates again next week. A day earlier, Fed Governor Philip Jefferson had said that "skipping a rate hike at a coming meeting would allow the committee to see more data before making decisions about the extent of additional policy firming." "Maybe they hike in June, maybe in July, or maybe they don't hike any more." Money markets currently see about 29% odds of a hike, down from near 70% earlier in the week. Traders currently lay about one-third odds on a quarter-point rate hike on Tuesday.

Persons: Patrick Harker, Philip Jefferson, Shinichiro Kadota, Christine Lagarde, Joe Biden, Monday's, Ray Attrill, NAB's, Kevin Buckland, Sam Holmes Organizations: U.S, Federal Reserve, Australian, Philadelphia Fed, Barclay, European Central Bank, National Australia Bank, Traders, Thomson Locations: TOKYO, U.S, Tokyo

"We are avoiding default tonight," Senate Majority Leader Chuck Schumer said on Thursday as he steered the legislation through his 100-member chamber. "In the coming months, Senate Republicans will continue working to provide for the common defense and control Washington Democrats’ reckless spending," he said in a statement. McConnell was referring to 12 bills Congress will work on over the summer to fund government programs in the fiscal year beginning Oct. 1, which will also carry out the broad instructions of the debt limit bill. Unlike most other developed countries, the United States limits the amount of debt the government can borrow, regardless of any spending allocated by the legislature. The last time the United States came this close to default was in 2011.

Persons: Joe Biden, Chuck Schumer, Biden, Kevin McCarthy, Mitch McConnell, McConnell, Janet Yellen, Schumer, McCarthy, Yellen, Roger Marshall, Richard Cowan, David Morgan, Moira Warburton, Gram Slattery, Scott Malone, Alistair Bell, Diane Craft, Kieran Murray, William Mallard Organizations: U.S, Senate, Representatives, Republicans, The Treasury Department, Democratic, Republican, Washington Democrats, Social Security, Treasury, Russia, Office, Thomson Locations: United States, America, West Virginia, U.S, Mexico, Ukraine, China, Russia

☆ Tech stocks close out first six-week rally since January 2020
▼ + stars: | 2023-06-02 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Tech stocks still haven't fully rebounded from a miserable 2022, but they're rewarding investors who saw the sell-off as too extreme. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. Among the most-valuable Nasdaq companies, Tesla led the way, with an 11% increase for the week. In the cloud software corner of tech, some earnings reports are still providing a boost. The company on Thursday reported earnings and revenue that topped analysts' estimates and raised its guidance for fiscal 2024.

Persons: Joe Biden, Tesla, Danielle Shay, Dev Ittycheria, SentinelOne, David Bernhardt, PagerDuty, Howard Wilson Organizations: Nasdaq, U.S, Stocks, Nvidia, Dow Jones

☆ Fed 'skip' chatter triggers dollar's biggest weekly fall since January
▼ + stars: | 2023-06-02 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

The Australian dollar surged after an increase in the minimum wage there stoked bets for another raise in rates next week. The dollar index , which measures the U.S. currency against six others, has dropped nearly 0.8% this week, its biggest weekly loss since mid-January. Philadelphia Fed President Patrick Harker said on Thursday "it's time to at least hit the stop button for one meeting and see how it goes", referring to the June 13-14 Fed meeting. Money markets are pricing in a roughly 29% chance of a June hike, down from near 70% earlier in the week. Even if a hike doesn't happen next week, markets expect one by autumn.

Persons: Fiona Cincotta, let's, Patrick Harker, Philip Jefferson, Guy Miller, Christine Lagarde, Joe Biden, Monday's, Ray Attrill, Dhara Ranasinghe, Kevin Buckland, Mark Heinrich, Mark Potter, Andrew Heavens Organizations: Federal Reserve, Australian, City Index, Philadelphia Fed, Reuters, Zurich Insurance, European Central Bank, U.S . Senate, National Australia Bank, NAB, Traders, Reserve Bank of Australia, Thomson Locations: U.S, City, April's, London, Tokyo

☆ Dollar sags as chances grow for Fed 'skip,' debt bill passes
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: +2 min

Hundred dollar bills are seen in this photo illustraiton in Warsaw, Poland on Sept. 21, 2022. The Australian dollar surged after an increase in the minimum wage stoked bets for the central bank to raise rates again next week. The dollar index, which measures the U.S. currency against six others, has dropped nearly 0.8% this week, its biggest weekly loss since mid-January. Money markets are pricing in a roughly 29% chance of a hike, down from near 70% earlier in the week. The dollar was last up slightly at 138.74 yen.

Persons: Fiona Cincotta, let's, Patrick Harker, Philip Jefferson Organizations: Federal Reserve, Australian, City Index, Philadelphia Fed Locations: Warsaw, Poland, U.S, City

REUTERS/Jonathan ErnstWASHINGTON, June 1 (Reuters) - The U.S. Senate will stay in session until it passes a bill to lift the government's $31.4 trillion debt ceiling, Democratic Majority Leader Chuck Schumer said on Thursday. Schumer said on Wednesday that the Senate would not make any amendments on the bill, which would send it back to the House for re-approval. The Republican-controlled House passed the bill on Wednesday evening in a 314-117 vote. His counterpart, Senate Republican Leader Mitch McConnell, also signaled on Wednesday that he would work for fast passage, saying, "I'll be proud to support it without delay." Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Schumer, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, McConnell, John Thune, “ There’ll, ”, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Alistair Bell Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, House, Treasury Department, CBS News, Biden, Thomson Locations: Washington , U.S, United States

"Once this bill reaches the Senate, I will move to bring it to the floor as soon as possible," Majority Leader Chuck Schumer said on Wednesday. His counterpart, Senate Republican Leader Mitch McConnell, also signaled that he would work for fast passage, saying, "I'll be proud to support it without delay." The chamber's rules require 60 votes to advance most legislation, meaning at least nine Republican votes are needed to pass most bills, including the debt ceiling deal. On Wednesday he vowed to vote against the bill, but did not reiterate his threat to try to delay it. Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, Schumer, McConnell, John Thune, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Lincoln Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, Treasury Department, CBS News, Biden, Social, Wall, Thomson Locations: Washington , U.S, United States

☆ The House just passed McCarthy and Biden's debt-ceiling deal, bringing the US one step closer to avoiding a default in a matter of days
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The House voted to pass Biden and McCarthy's bill to raise the debt ceiling by a vote of 314-117. On Wednesday night, the House passed President Joe Biden and Speaker of the House Kevin McCarthy's bill — the Fiscal Responsibility Act — to suspend the debt ceiling through January 1, 2025 by a vote of 314-117. For months, Biden and McCarthy had been at odds over the best approach to address the debt-ceiling crisis. "President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel.

Persons: Biden, —, Joe Biden, Kevin McCarthy's, McCarthy, Massachusetts Sen, Elizabeth Warren, Mitch McConnell, Chuck Schumer, Schumer, McConnell Organizations: Senate, Service, Congressional, Office, SNAP, Social Security, Medicare, Democratic, Twitter, House Republicans, Washington Democrats, Senators Locations: Massachusetts

☆ Bernie Sanders vows to vote against Biden and McCarthy's 'totally unnecessary' debt-ceiling deal, saying that the best thing about the bill is 'it could have been much worse'
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Bernie Sanders said on Wednesday he will vote against the debt-ceiling bill. He said he cannot support legislation that harms student-loan borrowers and restricts nutritional benefits. "The best thing to be said about the current deal on the debt ceiling is that it could have been much worse," Sanders said in the statement. "President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel.

Persons: Sen, Bernie Sanders, —, Vermont Sen, Kevin McCarthy, Joe Biden's, McCarthy, Biden, Sanders, Chuck Schumer, Mitch McConnell, Schumer, McConnell Organizations: Service, Vermont, Congressional, Office, SNAP, Twitter, House Republicans, Washington Democrats

☆ Sen. Tim Scott kicks off 2024 presidential bid, entering GOP primary field led by Trump
▼ + stars: | 2023-05-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Trump has easily led the pack since launching his campaign last year, with Florida Gov. "Tim Scott is the real deal, and he will make a great president of the united states," Thune told the crowd in North Charleston before Scott took the stage. "This can't be another presidential campaign. The long-expected campaign kickoff came three days after Scott filed paperwork with the Federal Election Commission designating a principal committee for a presidential bid. "Tim is a big step up from Ron DeSanctimonious, who is totally unelectable," Trump wrote in a social media post earlier Monday.

☆ GOP Sen. Tim Scott of South Carolina files paperwork to run for president
▼ + stars: | 2023-05-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Likely Republican presidential candidate and U.S. Sen. Tim Scott of South Carolina filed paperwork Friday to run for president in 2024, officially throwing his hat into a growing Republican primary lineup that former President Donald Trump has so far led. Scott is expected to announce his presidential campaign on Monday morning in North Charleston. Scott's brand of politics, marked by optimism and gestures toward stitching a divided nation back together, has been mostly absent from the Republican presidential conversation. "There's no question that special interests are celebrating as Tim Scott throws his hat into the 2024 race for the MAGA base."

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