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☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

☆ 'We're close to the end': Biden world braces for the possibility that the president steps aside
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +7 min

Top allies have either publicly or privately called on him to step aside. "We're close to the end," a person close to Biden said. That person, who previously doubted Biden would ever step aside, acknowledged that it's the president's decision but joined in the array of Biden allies who say he is nearing a point of no return. "The president is feeling fine, he is self-isolating in Delaware," Quentin Fulks, principal deputy campaign manager for the Biden campaign, said at a news conference in Milwaukee. "Our campaign is not working through any scenarios where President Biden is not the top of the ticket.

Persons: Joe Biden's, Biden, Donald Trump, Adam Schiff, Hakeem Jeffries, Nancy Pelosi, Sen, Chuck Schumer —, —, that's, They're, Quentin Fulks, Lester Holt, I've, I'm, reevaluate, Carol E, Lee, Monica Alba, Natasha Korecki Organizations: WASHINGTON, Republican National Convention, Democratic, Trump, White, Biden, NBC News, Republican Locations: Atlanta, Rehoboth Beach, Del, Milwaukee, Delaware, Washington, Chicago

☆ Kamala Harris is in a tough spot
▼ + stars: | 2024-07-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Read previewVice President Kamala Harris is in a difficult position. My guess is some fairly unsophisticated people are calling up Kamala Harris saying: 'Can I do this? Al Sharpton told The New York Times of Harris' dual roles of supporting Biden while also proving her own ability to lead. "But that is complicated by the fact that she is the vice president and is also running for elective office as the vice president," Atkeson added. Atkeson then explained that Harris' decision to support Biden despite growing doubts about his physical and mental capacity puts her in a compromising position.

Persons: —, Kamala Harris, Joe Biden's, Harris, Biden, Donald Trump, Elaine Kamarck, Al Gore, Joe Biden, Al Sharpton, there's, Lonna, LeRoy, Atkeson, Chip Roy, Mike Johnson, Harris — Organizations: Service, Business, Democratic, Brookings Institution, New York Times, Trump, Washington Post, Office, The New York Times, Pacific Islander, Florida State University, LeRoy Collins Institute, Rep, Texas Locations: Las Vegas, Dallas, North Carolina

☆ Putin getting tight with Kim Jong Un could be as big of a problem for China as it is for the US
▼ + stars: | 2024-06-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Last week, Putin visited North Korea for the first time in 24 years. AdvertisementSouth Korea's 24-hour Yonhapnews TV shows a file image of North Korea's missile launch during a news program on a TV at Yongsan Railroad Station in Seoul. The closeness of Russia and North Korea leaves Chinese leader Xi Jinping in a rather odd spot as well. AdvertisementNow, that's seemingly only going to grow as the US and its allies watch North Korea and Russia more closely. Russian President Vladimir Putin, left, and North Korea's leader Kim Jong Un pose for a photo during a signing ceremony of the new partnership in Pyongyang, North Korea.

Persons: —, Vladimir Putin, Kim Jong, it's, Putin, Kim Jae, Joe Biden isn't, Xi Jinping, Victor Cha, Joe Biden, SAUL LOEB, Kim, Donald Trump, Cha, they'll, Li Jian, Kristina Kormilitsyna, Kurt Campbell, Campbell Organizations: Service, North, Business, Getty, Center for Strategic, International Studies, Getty Images, UN, South, KCNA, REUTERS, Democratic People's, Council, Foreign Relations Locations: Ukraine, China, Korea, North Korea, Pyongyang, Russia, North, Yongsan, Seoul, North Korea's, United States, Asia, Nusa Dua, Bali, Getty Images Beijing, People's Republic of China, Beijing, Korean, South Korea, Japan, DPRK, Democratic People's Republic of Korea, Russian, Sputnik, Northeast Asia

☆ Gretchen Whitmer says Biden isn't getting credit for the infrastructure law because voters are 'stressed out'
▼ + stars: | 2024-06-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

President Joe Biden has struggled to make his infrastructure success resonate with voters. Gretchen Whitmer told the Times that many voters simply aren't plugged into DC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Gretchen Whitmer first ran for the Michigan governorship in 2018, she pledged to "fix the damn roads." In a recent interview with The New York Times, Whitmer was asked why President Joe Biden has so far struggled to earn widespread credit for the $1.2 trillion bipartisan infrastructure law among voters.

Persons: Joe Biden, Gretchen Whitmer, —, Whitmer Organizations: Michigan Gov, Times, Service, The New York Times, Business Locations: Michigan, Whitmer's

☆ Joe Biden is spending $50 million to remind you Donald Trump is a convicted felon
▼ + stars: | 2024-06-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Biden doesn't want swing voters to forget Donald Trump is a convicted felon. The Biden campaign is spending $50 million on a media blitz that includes a biting attack ad on Trump. The ad highlights Trump's conviction while painting Biden as "fighting for your family." AdvertisementJoe Biden isn't wasting any time using Donald Trump's felony conviction to his advantage — and he's spending big bucks to do it. The Biden campaign announced on Monday that it's shelling out $50 million for an advertising blitz against Trump, including a TV ad that will begin running in all battleground states.

Persons: Biden, Donald Trump, —, Joe Biden, Donald Trump's Organizations: Trump, Service, Biden, Business

☆ Swing-district Republicans in New York decried Trump's conviction. It could cost them politically.
▼ + stars: | 2024-06-01 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFor GOP lawmakers on Capitol Hill, former President Donald Trump continues to wield immense power over their political futures. AdvertisementFormer President Donald Trump at his criminal hush-money trial in New York. But in a decidedly Democratic state like New York, Biden is likely to gain some ground ahead of the election. AdvertisementAcross the country, suburban voters were already turning away from Trump even before his conviction — as former UN Ambassador Nikki Haley has continued to win significant blocs of GOP voters even after suspending her presidential campaign in March.

Persons: —, Donald Trump, Trump, Stormy Daniels, Marc Molinaro, Anthony D'Esposito, Biden, Steven Hirsch, Mike Lawler, Attorney Alvin Bragg, Letitia James, Kathy Hochul, hyperpartisan, Nick LaLota, Hochul, Robert F, Kennedy Jr, it's, Nikki Haley Organizations: Service, Capitol, Business, Republicans, New York Police Department, Attorney, hyperpartisan New York Democrats, GOP, New York State, Emerson, Trump, Republican, New York House Republicans Locations: New York, New York City, Hudson, Manhattan, D'Esposito's, Democratic, Long, Trump

Joe Biden has tried to stake out a middle ground as protests spread across college campuses. Unlike other lawmakers of his generation, Biden largely stayed away from the Vietnam War protests that sparked upheaval on college campuses nationwide. Advertisement"I was in law school," Biden said of the Vietnam War protests, per The New York Times. Even among young voters, the trend remains the same. A Harvard Youth Poll of 18-to-29-year-olds nationwide found that the war was far less important to voters than inflation or healthcare.

Persons: Joe Biden, Biden, —, — it's, Joe Biden hasn't, haven't, That's, @eyokley, Cf5Ot4q2t4, CSeqbdsWtK, Jason I, McMann, Donald Trump, It's, Israel, Barack Obama, Trump Organizations: Service, Israel, Biden, Democratic, NBC, New York Times, Muslim, CBS, Harvard Locations: Gaza, Israel, Vietnam, Michigan

WASHINGTON (AP) — President Joe Biden's 2024 campaign is now on TikTok, even though he has expressed national security concerns over the platform and banned it on federal devices. Biden in 2022 banned the use of TikTok by the federal government’s nearly 4 million employees on devices owned by its agencies, with limited exceptions for law enforcement, national security and security research purposes. A law implemented by China in 2017 requires companies to give the government any personal data relevant to the country’s national security. Biden's campaign maintains a presence on Meta's Threads, Instagram, Facebook, X, formerly Twitter, and Truth Social, the platform backed by Republican front-runner Donald Trump. The campaign and the White House have also stepped up outreach to social media influencers who they believe can amplify the president's message.

Persons: Joe Biden's, Biden isn't, Taylor Swift, ByteDance, Biden, TikTok, Donald Trump Organizations: WASHINGTON, FBI, Federal Communications Commission, Foreign Investment, Twitter, Republican Locations: United States, China

☆ Democrats flood the Sunday shows to insist Biden's mind is just fine
▼ + stars: | 2024-02-11 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Democrats insist Joe Biden's mind is fine following Robert Hur's special counsel report. Hur declined to file charges but questioned Biden's memory in his report. The report by special counsel Robert Hur was released following his investigation into Biden's handling of classified documents. However, he described Biden's memory as "poor" at times, even bringing up details regarding the May 2015 death of his son, Beau Biden. The most difficult part about a meeting with President Biden is preparing for it, because he is sharp, intensely probing and detail oriented and focused."

Persons: Joe Biden's, Robert Hur's, Hur, Biden, —, Joe Biden, Robert Hur, Beau Biden, Ro Khanna, he's, Khanna, Jen Psaki, Biden's, Psaki, gaffes, Alejandro Mayorkas, hasn't, Mayorkas, Donald Trump Organizations: Service, Democratic, California, CNN, MSNBC, White House, NBC, Press, of Homeland, Republican Locations: …

☆ New Hampshire primary: What to expect from Trump, Haley and DeSantis
▼ + stars: | 2024-01-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +8 min

Polls indicate New Hampshire offers Haley her best chance for a win, while DeSantis, polling a distant third, is already looking ahead to South Carolina. While Tuesday's primary result is expected to be narrower, the latest polls of likely New Hampshire GOP primary voters show Trump leading Haley by double digits. They have been joined in recent days by a growing number of Trump's one time Republican primary rivals — Nebraska Gov. In New Hampshire, Haley is right: She and Trump are the top two candidates by far in the polls, with DeSantis a distant third. Days away from the New Hampshire primary, DeSantis' campaign is already shifting resources to South Carolina, while still holding some events in New Hampshire.

Persons: Timothy A, Clary, Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Chris Galdieri, State David M, Scanlan, Biden, —, Elise Stefanik, Sen, Ted Cruz, Sean Hannity, Doug Burgum, Vivek Ramaswamy, Tim Scott of, Faith Ninivaggi, Reuters Haley, Galdieri, Haley's, Chris Sununu, Scala, Matt McClain, DeSantis, Joe Biden, Nathan Howard Organizations: Getty, New, New Hampshire voters, Republican, Granite State, Florida Gov, United, New Hampshire, West Wing, Saint Anselm College, State, Democratic, Trump, GOP, New Hampshire GOP, Republicans, New York, Fox News, — Nebraska Gov, Tim Scott of South Carolina —, U.S, Omni, Washington Hotel, Resort, Reuters, The, New Hampshire Gov, CNBC, Florida, LaBelle, Washington Post, DeSantis, NBC News, Biden, Community Center Locations: Concord , New Hampshire, New Hampshire, Iowa, United Nations, South Carolina, Portsmouth , New Hampshire, Monday's Iowa, Granite State, New, Texas, Tim Scott of South Carolina, Bretton Woods , New Hampshire, U.S, Florida, The Granite, Granite, Palmetto, Derry, NH, Raleigh , North Carolina

PETERBOROUGH, N.H. (AP) — Trying to upset President Joe Biden in New Hampshire's primary, Democratic challenger Dean Phillips is running a TV ad across the state comparing him to Bigfoot — the argument being both are hard to find. "So I challenged myself to find President Biden in New Hampshire during this primary season. He pushed through Democratic rule changes that prioritized voters of color, deemphasizing New Hampshire's primary. But New Hampshire Democratic Party Chair Ray Buckley, who once warned that the new calendar meant a major Democratic challenger could embarrass Biden, now says his write-in campaign should easily prevail. That means Biden supporters could vote in the Republican primary, where Trump and former U.N.

Persons: Joe Biden, Dean Phillips, Biden, ” Biden, —, Phillips, Marianne Williamson, Donald Trump, Trump, There’s, ”, Angela Brennan, ” Phillips, Andrew Yang, Yang, cued, Yang wasn’t, “, it’s, ’, Biden “, Peter Leishman, ” Leishman, Ray Buckley, ” Buckley, Williamson, trumpeting Biden, Kathy Sullivan, “ I’ve, ” Sullivan, ” Ellen Lavoie Cooke, “ I’m, Desmond Kager, I’ll, Nikki Haley, Tracy Moloney, she'd, he's, Moloney, Rodrigue Ngowi Organizations: Democratic, Dartmouth, Trump, White, New Hampshire Democratic, New Hampshire, Democratic Party, New, AFL, Granite, New Hampshire Democrats, Social, Biden, Republicans, Republican, GOP, Dartmouth College Locations: PETERBOROUGH, N.H, New, New Hampshire, Minnesota, Hampshire, Peterborough, Portsmouth, America, Dover, American, Plymouth, ”, Portsmouth , New Hampshire

☆ JPMorgan CEO Jamie Dimon says Trump was 'kind of right' about NATO and immigration
▼ + stars: | 2024-01-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewJPMorgan Chase chief executive Jamie Dimon said that former President Donald Trump was "kind of right" about NATO and immigration and urged Democrats to "be a little more respectful" of voters who are backing the ex-president's 2024 campaign. "When people say MAGA, they're actually looking at people voting for Trump, and they think they're voting — they're basically scapegoating them, that you are like him. But I don't think they're voting for Trump because of his family values," Dimon said. "He's kind of right about NATO. "But he wasn't wrong about some of these critical issues, and that's why they're voting for him.

Persons: —, Jamie Dimon, Donald Trump, Dimon, MAGA, they're, Trump, Joe Biden, Biden Organizations: Service, Chase, Business, CNBC, Trump, NATO, Maga Republicans Locations: Davos, China, Mexico, United States, Iowa

☆ A tumultuous withdrawal from Afghanistan gave independents a reason to ditch Biden. The conflict in Israel and Gaza could do the same thing for Democrats.
▼ + stars: | 2023-10-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

Biden's disapproval ratings did not surpass his approval ratings until he withdrew from Afghanistan. Similarly, Democrats have increasingly disapproved of Biden since Hamas attacked Israel. Month after month, an average of his national approval ratings stayed double digits above his disapproval ratings. That is, until the US began its process of completely withdrawing its military forces from Afghanistan, coinciding with Biden's approval ratings consistently declining in that same period of time. A recent YouGov survey offers a clue as to why Biden's approval rating amongst Democrats is falling.

Persons: Biden, —, Joe Biden's, Biden's, Benjamin Netanyahu, it's, Donald Trump Organizations: Service, US, Gallup Democrats, Biden, Hamas, Republicans, Israel, Israeli, Independents, Gaza Health Ministry, Democratic Locations: Afghanistan, Israel, Kabul, Gaza, Michigan

☆ Biden campaign to focus more on Trump to boost lackluster fundraising
▼ + stars: | 2023-09-11 | by ( Allie Raffa | Peter Nicholas | ) www.cnbc.com time to read: +7 min

In the meantime, the Biden campaign plans to focus its message on warnings about Trump — which campaign officials hope will energize the party's grassroots and spur more donations. Some campaign officials see an opportunity for an influx of contributions when Trump's legal trials begin. A Biden campaign official who softened expectations for the coming fundraising disclosure said Republican candidates may have also had a slow summer. The Biden campaign will try to galvanize rank-and-file Democrats with new merchandise and ways for contributors to "engage" with the president, two sources said. Recently the Biden campaign began a fundraising contest to win dinner with Biden and former President Barack Obama.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Chris Korge, Korge, Biden's, Harris, Kevin Munoz, Biden isn't, hasn't, Kamala Harris, Minyon Moore, Trump, Barack Obama Organizations: White, WASHINGTON, Biden, Fund, Democratic Party, NBC News, Harris coalition, Republican, Democratic, Trump, Convention, U.S . Capitol Locations: Washington ,, Georgia, Chicago

☆ Kamala Harris says she faces more media scrutiny than past vice presidents: 'It's what it is'
▼ + stars: | 2023-08-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Kamala Harris said that she receives more media scrutiny than any of her previous predecessors. The vice president told Politico that "it is what it is" and she would not complain about the treatment. … It's what it is," Harris told Politico in an interview published Monday morning. A slew of top staffers also quit during Harris' first year or so in office, heightening the worsening narrative around the vice president. Klain, who has defended Harris, also said that he sees Harris' role as making sure Biden isn't fed bullshit.

Persons: Kamala Harris, Politico, Harris, I'm, it's, Nikki Haley, Joe Biden's, she's, It's, Haris, I've, Ron Klain, Klain, Biden Organizations: Service, Politico, Republican, Democratic, White Locations: Wall, Silicon, California

☆ Why Biden's new plan to cancel student debt is going to take a lot longer than his first proposal
▼ + stars: | 2023-07-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

After the Supreme Court struck down Biden's first student-debt relief plan, he announced he'll be trying again. He started the process to use the Higher Education Act of 1965, but it will take longer this time. On Friday, the high court struck down Biden's first plan to cancel up to $20,000 in student debt for federal borrowers using the HEROES Act of 2003. While Republican lawmakers lauded the Supreme Court decision, Democratic lawmakers celebrated Biden's effort to try again under the Higher Education Act. The President has the clear legal authority to cancel student debt under the Higher Education Act.

Persons: he'll, Biden, —, Joe Biden, Miguel Cardona, they'll, Cardona, Bharat Ramamurti, Ramamurti, they're, Warren Organizations: Service, Friday's, Supreme Court, Education, Higher, National Economic Council, Republican, Democratic, Twitter

☆ Biden isn't extending the student-loan payment pause — but borrowers might not have to immediately start repayment in October
▼ + stars: | 2023-06-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department finalized a three-month grace period after payments resume, per Politico. The Supreme Court will issue a decision on Biden's broad debt relief plan on Friday. In addition to the grace period, Politico also reported that the Education Department will unveil its new income-driven repayment plan in the coming weeks, with implementation soon after. The Education Department did not immediately respond to Insider's request for comment on its forthcoming plans. Amid the repayment debate, the most pressing issue for borrowers right now is whether the Supreme Court will uphold Biden's broad student-loan forgiveness.

Persons: It's, —, Joe Biden's, Biden, Biden's, Virginia Foxx, Foxx, Sen, Bill Cassidy, Secretary Miguel Cardona, Alexandria Ocasio, Cortez Organizations: Education Department, Politico, Service, Joe Biden's Education Department, Republican, Department, Secretary, Democratic Locations: Alexandria, United States

☆ Hunter Biden's jail-free plea deal isn't the end of his legal troubles
▼ + stars: | 2023-06-20 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Hunter Biden's criminal plea deal still needs approval from a judge — which isn't guaranteed. The plea deal, however, still must be approved by a judge. Most plea deals skate through court without any problems, but judges do occasionally reject plea deals in high-profile cases. With a plea deal, prosecutors bind themselves to recommend a particular sentence. It's unusual for a judge to reject a plea deal if the sentencing recommendations are too harsh.

Persons: Hunter, Biden, —, Hunter Biden isn't, Delaware —, Donald Trump —, Hunter Biden, Joe Biden, Ahmaud, Sarah Krissoff, Pitney, it's, Neama Rahmani, Rahmani, Jill Biden, Ashley Biden, Patrick Semansky, Krissoff, aren't, It's, Department's, David Weiss, Susan Walsh, Randy Zelin, Wilk Auslander, Zelin, He's, he's Organizations: Prosecutors, Service, Department, Washington Post, Pitney LLP, United States, West, AP, Republicans, Congress, Justice Department, Wilk, US, Biden Locations: Delaware, Manhattan, Ukrainian, Ukraine

☆ Ex-Clinton pollster promoting DeSantis as a way to defeat Trump is 'dangerous,' Democratic group warns
▼ + stars: | 2023-05-01 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +5 min

An ex-Clinton pollster boosted Ron DeSantis and dismissed Joe Biden as the way to defeat Donald Trump. Mark Penn's commentary is "significant" and "dangerous," on Democratic group, Third Way, warns. Ron DeSantis — and dismissal of President Joe Biden — as the way to defeat former President Donald Trump in 2024 is "significant" and "dangerous," one Democratic group warned on Monday. "There is nothing 'dangerous' in questioning whether Joe Biden can beat Donald Trump," he added. "If we do get to the Biden/Trump rematch, I will surely be writing 'How Joe Biden can beat Donald Trump,'" he wrote.

☆ Elizabeth Warren wants Biden's Education Department to go beyond broad student-loan forgiveness and crack down on the institutions that cause borrowers' debt loads to spiral
▼ + stars: | 2023-03-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers. Biden's Education Department has reformed the borrower defense to repayment, which are claims students can file if they believe they were defrauded by the school they attended. In her letter, Warren urged Cardona to ensure predatory schools cannot receive federal aid. It aimed to prevent students from borrowing federal loans for programs they probably wouldn't be able to pay off. But in 2010, former President Donald Trump repealed the rule, and Biden's Education Department pushed off reinstating it until 2024.

☆ Warren Buffett lashed out against critics of stock buybacks. The White House says it isn't anti-repurchases, it just wants to encourage smart spending.
▼ + stars: | 2023-03-02 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

Warren Buffett slammed critics of stock buybacks as economically "illiterate" in his annual letter. But a White House official said Biden isn't anti-repurchases, he just wants to encourage smart spending. The 92-year-old billionaire investor — who has touted the value of stock buybacks for decades — slammed opponents of stock buybacks in his annual letter to Berkshire Hathaway shareholders. But Biden isn't an opponent of share repurchases — he just wants to encourage smart spending, a National Economic Council official told MarketWatch. Berkshire has been one of the US's leaders in stock buybacks, spending nearly $8 billion on its own shares in 2022.

☆ Jim Cramer: Our allies — and enemies — hold the keys to unlocking this market
▼ + stars: | 2022-11-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

What is confounding us has more to do with the actions of our allies and — just call it as we see it — our enemies. It's incredible how irrational it has all gone and how isolated China really turns out to be. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Student-loan borrowers could see their debt canceled 'in the next two weeks,' Biden says — but the fate of the relief still sits in a conservative court
▼ + stars: | 2022-10-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden told NewsNation that student-loan borrowers could get their debt canceled within a few weeks. The relief remains paused following a ruling by the 8th Circuit Court of Appeals. Last week, the conservative 8th Circuit Court of Appeals placed a temporary stay on Biden's debt relief plan, in response to a lawsuit filed by six Republican-led states who argued the up to $20,000 debt cancellation plan would hurt their states' tax revenues. However, it would be surprising is if debt is actually discharged in two weeks, as Biden said, given that the plan is currently on pause. While the Education Department can continue processing applications for the relief as borrowers apply, student-loan companies cannot actually apply the relief to borrowers' accounts yet.

☆ Democrats turn to Obama for midterm miracle, or at least to stem the bleeding
▼ + stars: | 2022-10-27 | by ( James Oliphant | ) www.reuters.com time to read: +5 min

Obama will hit a fifth state, Michigan, which has a competitive governor's race, along the way. "President Obama remains able to unite base Democrats, persuadable voters, and to motivate demographics less likely to turn out in midterm elections like young people," said Ben LaBolt, who served as spokesman for the first Black president's successful 2012 re-election campaign. "Bringing in President Obama helps to underscore the importance of African-American vote, while also exciting other voters." But Democrats will have to wonder if that will be enough, as recent polling has shown Republican candidates gaining strength across the board. The Senate race is Georgia is essentially tied, even as Walker has been hamstrung by a series of controversies.

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