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WASHINGTON — Republicans are gearing up to lock in their remake of the judiciary under President-elect Donald Trump and a new Senate majority, including potentially installing several more conservative Supreme Court justices. Conservatives are prepared for Supreme Court retirements, with the most attention on Justice Samuel Alito, 74. GOP won't pursue Supreme Court ethics rulesTrump already transformed the federal courts in his first term, appointing 54 appeals court judges and 174 district court judges, many of whom are closely linked with the Federalist Society, a conservative legal group. Biden has made his own mark on the judiciary, appointing 210 district and appeals court judges in total, including 44 appeals court judges, falling just short of Trump’s total. “We’ll quit beating up the Supreme Court every time we don’t like the decision they make,” he said.

Persons: Donald Trump, — Trump, Trump, Samuel Alito, Alito, ”, Mike Davis, “ That’s, — John Thune, John Cornyn, “, ” Cornyn, Thune, Trump’s, Clarence Thomas, Roe, Wade, John Malcolm, Franklin D, Roosevelt, — Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett —, Biden, Davis, Thomas, Don McGahn, ’, you’ve, Sonia Sotomayor, Ruth Bader Ginsburg, Trump's, Barrett, “ Sonia Sotomayor, Sotomayor, Alex Aronson, Sotomayor didn’t, Chuck Grassley, Sen, Grassley, Josh Hawley, Trump hasn’t, Malcolm, Andrew Oldham, Amul Thapar, JD Vance’s, Usha Vance, Thapar, Judge James Ho, Neomi Rao, Patrick Bumatay, Joe Biden hasn’t, Russell Wheeler, Leonard Leo, Leo, Mitch McConnell, shepherded, “ We’ll Organizations: WASHINGTON, Republicans, Democratic, Senate, Trump, GOP, Heritage Foundation, “, White, NBC, NBC News, Committee, Circuit, Appeals, U.S ., District of Columbia Circuit, Republican, Institution, Federalist Society, Supreme, Court Locations: West Virginia , Montana and Ohio, Texas, Iowa, New Orleans, Cincinnati, San Francisco, Ky

☆ Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say
▼ + stars: | 2024-11-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok." Business Insider asked legal experts what Trump could do to rescue the app, if he chooses to. In June, the president-elect told the app's users he would "never ban TikTok." Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory."

Persons: Donald Trump, Trump, —, it's, Joe Biden, hasn't, I'm, G.S, Hans, Matthew Schettenhelm, TikTok, Aram A, Barack Obama's, Bloomberg's Schettenhelm, Who's, Schettenhelm, TikTok Trump, Gavoor, Alan Rozenshtein, Cornell's Hans Organizations: Business, Service, Appeals, District of Columbia Circuit, DC Circuit, Trump, Congress, Cornell Law School, BI, Bloomberg Intelligence, Department, Foreign, Justice Department, George Washington University Law, Defense, Trump's, Apple, Google, University of Minnesota, Fast Company, TikTok Locations: China

☆ Polymarket plans U.S. return after signaling Trump election win, founder says
▼ + stars: | 2024-11-07 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States, on the heels of accurately forecasting the electoral win of President-elect Donald Trump. "I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America," Polymarket founder and CEO Shayne Coplan told Andrew Ross Sorkin on "Squawk Box," in his first live TV interview Thursday. Polymarket's betting platforms are currently only available to customers outside of the United States. In 2022, it halted U.S. operations and paid a $1.4 million penalty to settle charges with the Commodity Futures Trading Commission that it had failed to register with the commission. In October, the U.S. Appeals Court for the District of Columbia Circuit lifted a freeze on competitor Kalshi's election contracts that was put on by the Commodities Futures Trading Commission.

Persons: Donald Trump, Shayne Coplan, Andrew Ross Sorkin, Patricia Millett, Kalshi, Robinhood, Thomas Peterffy Organizations: Futures Trading Commission, Appeals, District of Columbia Circuit, Commodities Futures Trading Commission, Interactive Locations: United States, America, U.S

WASHINGTON — The Supreme Court on Wednesday allowed the Biden administration at least in the short term to enforce its latest attempt to curb climate-harming carbon emissions from coal- and gas-fired power plants that contribute to climate change. The Supreme Court is often skeptical of major agency actions but it has bucked that reputation in recent weeks. Under the proposed rule, the EPA wants to require “carbon capture,” a technique that uses solvents to remove carbon dioxide from a power plant’s emissions. The appeals court in July declined to block the regulation, saying the major questions doctrine did not apply on this occasion. In court papers, the challengers sought to portray the new regulation as being essentially the same as the one the Supreme Court struck down.

Persons: WASHINGTON —, Biden, Clarence Thomas, Samuel Alito, Brett Kavanaugh, Neil Gorsuch, Patrick Morrisey, Vicki Patton, Donald Trump, ” Morrisey, Elizabeth Prelogar, Prelogar Organizations: Republican, Environmental Protection Agency, U.S ., Appeals, District of Columbia Circuit, West Virginia, Environmental Defense Fund, Democratic, EPA Locations: West Virginia, U.S, EPA’s bailiwick, ”

☆ Election betting: Appeals court fast-tracks CFTC challenge to Kalshi political bets
▼ + stars: | 2024-10-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A federal appeals court has fast-tracked the Commodity Futures Trading Commission's case challenging the right of the event exchange Kalshi to offer U.S. political election contracts. Kalshi touted its presidential election contracts on electronic signs in New York City's Times Square over the weekend. The CFTC told the appellate court that election contracts "are susceptible to market manipulation" and also pose a risk to election integrity or how the public views the integrity of elections. Kalshi CEO Tarek Mansour, in a statement, said his company is "confident" that the law allows election contracts. As of Monday, Kalshi had booked more than $7 million in contracts on the presidential election outcome.

Persons: Kalshi, Tarek Mansour, Mansour, Donald Trump, Kamala Harris Organizations: Long, Fitness Center, Interactive, U.S, Senate, New York City's, Appeals, District of Columbia Circuit, CFTC, Washington , D.C Locations: Virginia's, Arlington , Virginia, New York, U.S, Washington ,

☆ Kalshi expands Trump, Harris election bet options, adds Senate races, CFTC complains
▼ + stars: | 2024-10-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Kalshi wagers on the presidential race outcomes were split 50-50, roughly reflecting national polling on the contest. The new contracts were added to Kalshi's platform within days of a favorable federal appeals court ruling for the company on Oct 2. Even more political races could soon become available for betting with Kalshi contracts, the CFTC said, citing contract terms published on the exchange's web site. But the commission argues that Kalshi's contracts might cast doubt on the integrity of elections. The appeals court initially blocked that judge's ruling from taking effect, which meant Kalshi could not offer any political contracts.

Persons: Kamala Harris, Donald Trump, Kalshi, KalshiEx, It's, there's, Tarek Mansour, Mansour, Patricia Millett Organizations: White, Electoral, Commodity Futures Trading Commission, U.S ., Appeals, District of Columbia Circuit, CNBC Locations: Washington ,

☆ Appeals court greenlights betting on congressional elections
▼ + stars: | 2024-10-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A federal appeals court on Wednesday refused to block a lower-court ruling allowing Americans to bet on the outcome of the 2024 congressional elections. The CFTC had barred KalshiEx from listing its congressional contracts on the exchange, which the commission regulates, on the ground that they would violate the laws of many states that ban gambling on elections. But a judge in U.S. District Court in Washington, D.C., ruled last month that the CFTC had erred in finding that KalshiEx's congressional contracts involved gaming or gambling. That ruling was in effect for only about eight hours before the D.C. appeals court stayed it at the request of the CFTC. That administrative stay was lifted in Wednesday's ruling.

Persons: Patricia Millett, Millett Organizations: U.S, Capitol, federal, Futures, Commission, CFTC, Appeals, District of Columbia Circuit, Washington , D.C, CNBC Locations: Washington ,, U.S

☆ TikTok is fighting for its life in US court — and it's on track to lose, former DOJ official says
▼ + stars: | 2024-09-16 | by ( Natalie Musumeci | Dan Whateley | ) www.businessinsider.com time to read: +7 min

Attorneys for the US government and the widely popular social media app faced off on Monday in a federal appeals court as TikTok fights against a law that could soon see the platform banned in the country. Rozenshtein said that he believes the appeals court will rule "decisively" and "comprehensively" against TikTok. AdvertisementTikTok's lawyer argued the law 'imposes extraordinary speech prohibition'In his oral arguments on Monday, TikTok lawyer Andrew Pincus slammed the law as "unprecedented." AdvertisementThe panel of judges, at times, seemed skeptical of TikTok's arguments. After the appeals court issues its ruling, the case could end up before the Supreme Court where Rozenshtein also predicts TikTok will not fare well.

Persons: —, Alan Rozenshtein, Rozenshtein, Joe Biden, TikTok's, Biden, haven't, TikTok, Andrew Pincus, Pincus, Daniel Tenny, Sarah Kreps, Kreps, Jaffer Organizations: Service, Appeals, District of Columbia Circuit, TikTok, Business, Justice Department, University of Minnesota Law School, Chinese Communist Party, Justice, Tech, Institute, New York's Cornell University, Columbia University —, Pew Research Center Locations: TikTok's Beijing, ByteDance, China, United States

☆ TikTok has 15 minutes to fight for its life
▼ + stars: | 2024-09-16 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

The law Biden signed seeks to ban TikTok on Americans’ personal devices unless its Chinese parent company, ByteDance, quickly sells TikTok to someone else — which may effectively end the app as we currently know it. TikTok will not get the luxury of a full trial to argue for its continued existence in its current form. But it won’t be alone: A group of TikTok creators also suing the Biden administration will go next, with 10 minutes to speak. Court filings show that TikTok and US national security officials had hammered out a draft proposal to address the security concerns. The question is whether all that amounts to enough influence over ByteDance and TikTok to gain access to US TikTok users’ data, in spite of the guardrails promised by Project Texas.

Persons: Joe Biden, Biden, TikTok, Sri Srinivasan, Judge Neomi Rao, Donald Trump, Douglas Ginsburg, Reagan, ’ TikTok, “, ”, Chris Inglis Organizations: CNN, Appeals, District of Columbia Circuit, Oracle, Justice Department, Independent, Project Texas, Federal Communications Commission Locations: China, United States, ByteDance, U.S, Beijing

☆ Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban
▼ + stars: | 2024-07-27 | by ( David Mccabe | Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

The Justice Department argued in a court filing on Friday that TikTok should be required to sell its American operations to resolve national security concerns about its Chinese parent company, ByteDance. In the government’s first detailed response to TikTok’s lawsuit challenging a new U.S. law that could ban the social media app, the Justice Department said measures that TikTok previously offered to address those security concerns — including walling off U.S. user data domestically — were insufficient. The Chinese government could still collect sensitive data on Americans or spread propaganda, the agency argued, and it has incentive to misuse the app because of larger geopolitical goals. And while TikTok argued in its suit that the law violated the First Amendment rights of its 170 million U.S. users, the Justice Department contended that those users were free to turn to other social media sites if TikTok was banned or sold. Under the law, any challenges must begin in that court.

Persons: walling, TikTok Organizations: Justice Department, Department, U.S ., Appeals, District of Columbia Circuit Locations: United States, China

Vance’s Republican National Convention speech capped a night Republicans spent prosecuting what they see as President Joe Biden’s biggest foreign policy failures and their consequences. Republicans used Wednesday night to introduce Vance and his life story to the nation. You owe President Trump answers!” Tennessee Sen. Marsha Blackburn shouted at Cheatle, who continued to walk with her head down and ignore the senators’ criticism. Energy security and energy policy are in the governor’s comfort zone and that was on full display Wednesday night. When Trump finally did call Burgum, the former president told Burgum he would not be his running mate.

Persons: Donald Trump’s, Ohio Sen, JD Vance, Republican Party —, Joe Biden’s, ”, William Pekrul, Trump, Kai Trump, Vance, –, Biden Vance, Trump’s MAGA, ” Vance, Usha, —, Sen, Biden, Vance’s, Usha Vance, wasn’t, Usha Vance’s, JD, Yale Law School –, humanize, he’d, “, Brett Kavanaugh, John Roberts, Peter Navarro, he’s, Navarro, Donald Trump, Paul Manafort, Manafort “, ” Trump, Cheryl Juels, Nicole Gee, ’, “ Joe Biden, ” Juels, Herman Lopez, Hunter Lopez, haven’t, Lopez’s, Alicia Lopez, Harris, ” Herman Lopez, Khizr, Ghazala Khan, ” Khizr Khan, Kimberly Cheatle, Tennessee Sen, Marsha Blackburn, Cheatle, ” Sen, John Barrasso, Blackburn, James Lankford, Kevin Cramer, Barrasso, Cheatle’s “, ” Cheatle, “ We’re, ” “, Cramer, Burgum’s, Doug Burgum’s, Achilles, Burgum, “ Hey, Treene, Morgan Rimmer Organizations: Wisconsin CNN, Republican Party, Republican, Convention, Gold Star, Jewish Harvard University, “, Republicans, Republican National, Marines, Yale Law School, Trump, North American Free, Ivy, Ohio State University, Michigan, China, Senate, Yale University, Appeals, District of Columbia Circuit, Fox News, RNC, Trump White House, CNN Gold Star, Hamid, CNN, Biden, Secret, Fiserv, Tennessee, ”, Blackburn, Sens, North Dakota Gov, Energy, Republican National Convention Locations: Milwaukee, Wisconsin, Afghanistan, Ohio, Washington, American, Mexico, China, Iraq, Pennsylvania, Michigan, Ukraine, San Diego, Florida, America, Kabul, States, United States

☆ JD Vance: What to know about Trump’s running mate
▼ + stars: | 2024-07-15 | by ( Jack Forrest | ) edition.cnn.com time to read: +5 min

His understanding of the population that turned out to support Trump’s first presidential run made him a frequent guest on cable news programs during Trump’s run and presidency. Recent Trump supportSince receiving Trump’s endorsement for Senate, Vance has become a strong ally of the former president. Ahead of his Senate campaign, Vance apologized for previously calling Trump “reprehensible.”“Like a lot of people, I criticized Trump back in 2016,” Vance told CNN in 2021. Following Saturday’s attempted assassination of Trump, Vance posted on social media in part blaming Biden’s campaign: “Today is not just some isolated incident. That rhetoric led directly to President Trump’s attempted assassination.”CNN’s Kit Maher, Em Steck, Andrew Kaczynski, Allison Gordon, Alayna Treene, Rashard Rose, and reporter Dan Merica contributed to this report.

Persons: Donald Trump’s, JD Vance, ”, Vance, Trump, Vance’s, Usha, John Roberts, Brett Kavanaugh, Ewan, Vivek, America’s, Trump’s, Amy Adams, Glenn Close, CNN’s KFile, Hillary Clinton’s, douchey, Charlottesville , Virginia —, KFile, “ America’s Hitler, ” Vance, Clinton, Evan McMullin, Peter Thiel, “, Mike Pence, Joe Biden, Saturday’s, Biden’s, Biden, Donald Trump, ” CNN’s Kit Maher, Em Steck, Andrew Kaczynski, Allison Gordon, Alayna, Rashard Rose, Dan Merica Organizations: CNN, Trump, Trump ” Republican, Senate, Marine Corps, Ohio State University and Yale Law School, Yale Law School, Supreme, Appeals, District of Columbia Circuit, Netflix, Democratic, Ohio, Trump’s, ABC, Trump electors, Republicans Locations: Middletown , Ohio, Kentucky, Mirabel, Ohio, Charlottesville , Virginia, Ukraine, New York

☆ Who is Usha Vance, the wife of Trump’s running mate?
▼ + stars: | 2024-07-15 | by ( Arit John | ) edition.cnn.com time to read: +4 min

His wife, Usha, has been by his side through it all. As the Ohio delegation chanted her husband’s name on the Republican convention floor in Milwaukee, Usha Vance stood beside the first-term senator and applauded as he was nominated by voice vote to be Donald Trump’s running mate. Now, with JD Vance as Trump’s vice presidential nominee, the couple has embarked on a journey even bigger than the 2022 Senate campaign in Ohio. If his 2022 Senate campaign is any indication, Usha Vance may play an understated but key role in helping introduce him to the public. In his 2016 memoir, “Hillbilly Elegy,” JD Vance described her as his “Yale spirit guide,” helping him navigate life at the elite university where they met.

Persons: CNN — JD Vance, Usha, Usha Vance, Donald Trump’s, Weeks, wasn’t, ”, “, JD Vance, MAGA, he’s, Newsmax, ” JD Vance, – Usha Vance’s, Usha Chilukuri, – Brett Kavanaugh, John Roberts, Olson, –, “ Usha Organizations: CNN, Republican, Fox News, Trump, Senate, Yale University, Yale, University of Cambridge, Appeals, District of Columbia Circuit, Tolles Locations: Ohio, Milwaukee, Yale, Kentucky, San Diego, Munger, Los Angeles, San Francisco, Washington, DC, clerkships

☆ Live Updates: Supreme Court Says Trump Is Partly Shielded From Prosecution
▼ + stars: | 2024-07-01 | by ( Adam Liptak | ) www.nytimes.com time to read: +5 min

The Supreme Court heard two other cases this term concerning the Jan. 6 attack on the Capitol. Chief Justice John G. Roberts Jr., writing for the majority, said Mr. Trump had immunity for his official acts. Two of the four charges against Mr. Trump are based on that law. After the appeals court ruled against Mr. Trump, he asked the Supreme Court to intervene. At the argument, several of the conservative justices did not seem inclined to examine the details of the charges against Mr. Trump.

Persons: Donald J, Trump, John G, Roberts, ”, Sonia Sotomayor, Tom Brenner, Tanya S, Jack Smith, Smith’s, Neil M, Gorsuch Organizations: Capitol, “, The New York Times, Justice Department, Federal, Court, U.S ., Appeals, District of Columbia Circuit, Trump, Mr Locations: Washington, United States

☆ Live Updates: Supreme Court Gives Trump Substantial Immunity From Prosecution
▼ + stars: | 2024-07-01 | by ( Adam Liptak | Simon Levien | ) www.nytimes.com time to read: +8 min

The Supreme Court heard two other cases this term concerning the Jan. 6 attack on the Capitol. Chief Justice John G. Roberts Jr., writing for the majority, said Mr. Trump had at least presumptive immunity for his official acts. If Mr. Trump prevails at the polls, he could order the Justice Department to drop the charges. After the appeals court ruled against Mr. Trump, he asked the Supreme Court to intervene. At the argument, several of the conservative justices did not seem inclined to examine the details of the charges against Mr. Trump.

Persons: Donald J, Trump, John G, Roberts, Broad, ” “, Justice Roberts, ”, Sonia Sotomayor, “, Trump’s, Mike Pence, Justice Sotomayor, Tom Brenner, Tanya S, Jack Smith, Smith’s, Neil M, Gorsuch Organizations: Capitol, Justice Department, Department, Mr, The New York Times, Federal, Court, U.S ., Appeals, District of Columbia Circuit, Trump Locations: United States, Washington

☆ Live Updates: Supreme Court Says Prosecutors Overstepped With Jan. 6 Charge
▼ + stars: | 2024-06-28 | by ( Alan Feuer | ) www.nytimes.com time to read: +6 min

The Supreme Court sided on Friday with a member of the mob that stormed the Capitol on Jan. 6, 2021, saying that prosecutors had overstepped in using an obstruction law to charge him. Nor was it clear that a ruling in Mr. Fischer’s favor would erase the two charges against Mr. Trump under the law. 23-5572, was whether the law could be used to prosecute Mr. Fischer, a former Pennsylvania police officer. According to the government, Mr. Fischer sent text messages to his boss, the police chief of North Cornwall Township, Pa., about his plans for Jan. 6. “When the crowd breached the Capitol, Mr. Fischer was in Maryland, not Washington, D.C.,” his lawyers wrote in their brief.

Persons: Donald J, Trump, John G, Roberts, Ketanji Brown Jackson, Amy Coney Barrett, Joseph W, Fischer, Fischer’s, Jack Smith, Trump’s, Mr, ”, “, ” Mr, Joseph R, Biden, Judge Florence Y, Judge Gregory G, Katsas Organizations: Capitol, Mr, Sarbanes, Oxley, Enron Corporation, ” Prosecutors, D.C, Congress, Appeals, District of Columbia Circuit Locations: United States, Pennsylvania, North Cornwall Township, Pa, Maryland, Washington

☆ Live Updates: Supreme Court Rules for Member of Jan 6. Mob in Obstruction Case
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +6 min

Nor was it clear that a ruling in Mr. Fischer’s favor would erase the two charges against Mr. Trump under the law. In a separate case, the justices will soon decide whether Mr. Trump is immune from prosecution. 23-5572, was whether the law could be used to prosecute Mr. Fischer, a former Pennsylvania police officer. According to the government, Mr. Fischer sent text messages to his boss, the police chief of North Cornwall Township, Pa., about his plans for Jan. 6. “When the crowd breached the Capitol, Mr. Fischer was in Maryland, not Washington, D.C.,” his lawyers wrote in their brief.

☆ The Supreme Court discards Chevron doctrine, unleashing a threat to Biden's climate policies
▼ + stars: | 2024-06-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The Supreme Court on Friday overturned a decades-long legal precedent that has empowered the federal government to regulate the environment and other issues, unleashing a potential threat to President Joe Biden's climate policies. The court overruled the Chevron doctrine, one of the most important principles guiding federal regulation for the past 40 years. Last year, the Supreme Court significantly narrowed how many wetlands EPA can regulate to keep them clean. How did this case end up at the Supreme Court? They argued the Chevron doctrine injures small businesses and individuals who have little power to influence federal agencies.

Persons: Joe Biden's, Chevron, John Roberts, Joe Biden, Biden, Raimondo, Charles Koch Organizations: Service, Business, Environmental Protection Agency, Republican, Bright Enterprises, Inc, Department of Commerce, Action Institute, Chevron, Appeals, District of Columbia Circuit, National Marine Fisheries Service Locations: Chevron

☆ Lessons from Judge David Tatel’s Guide Dog on Blindness and Vision
▼ + stars: | 2024-05-27 | by ( Adam Liptak | ) www.nytimes.com time to read: 1 min

Had Al Gore won the presidency in 2000, a lot of people thought, he would have put Judge David S. Tatel on the Supreme Court. The judge had a towering intellect, was a model judicial craftsman and, only incidentally, had been blind since his 30s. But George W. Bush prevailed, with an assist from a closely divided Supreme Court. Judge Tatel served for 23 more years on the U.S. Court of Appeals of the District of Columbia Circuit. He relied on people who would read to him, increasingly sophisticated technology and an astounding memory to produce a widely admired body of judicial work that included major opinions on voting rights, the environment and the internet.

Persons: Al Gore, David S, Tatel, George W, Bush, John G, Roberts Jr, Samuel A, Alito Jr, Judge Tatel Organizations: U.S ., District of Columbia Circuit

☆ TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban
▼ + stars: | 2024-05-14 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

A group of TikTok creators, including a rancher, a skin care entrepreneur and a promoter of biblical literacy, sued the federal government on Tuesday over a new law that would force the app’s Chinese owner, ByteDance, to sell the company or face a ban in the United States. They said it violated their First Amendment rights. TikTok said it was paying the legal fees for the creators’ lawsuit. TikTok pursued a similar legal strategy in 2020, when creators successfully challenged a federal ban, as well as last year in Montana, when creators sued the state after it tried to ban the app. Davis Wright Tremaine, the law firm representing the creators, also represented the app’s creators in Montana last year.

Persons: “, TikTok, Davis Wright Tremaine Organizations: U.S ., Appeals, District of Columbia Circuit Locations: United States, U.S, Montana

☆ Appeals court upholds Trump White House aide Steve Bannon contempt of Congress conviction
▼ + stars: | 2024-05-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Steve Bannon, former adviser to Donald Trump, arrives to federal court in Washington, D.C., U.S., on Wednesday, March 16, 2022. A federal appeals court on Friday upheld the criminal contempt of Congress conviction of former Trump White House senior aide Steve Bannon for refusing to testify and provide documents to the House committee that investigated the Jan. 6, 2021, attack on the U.S. Capitol. Circuit Court of Appeals for the District of Columbia Circuit makes it more likely that Bannon will soon have to begin serving a sentence of four months in jail for his conviction of two counts of contempt of Congress. But Bannon could ask the full judicial line-up of the D.C. He also could ask the U.S. Supreme Court to take an appeal of Friday's ruling.

Persons: Steve Bannon, Donald Trump, Bannon, Peter Navarro Organizations: Washington , D.C, Trump White House, U.S . Capitol, U.S, Circuit, Appeals, District of Columbia Circuit, Supreme Locations: Washington ,, U.S

☆ For US renters, the chance of owning a home is going from bad to worse
▼ + stars: | 2024-05-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.

Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, “, Perdue “, ”, Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China

☆ TikTok sues to block prospective US app ban
▼ + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)

Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, “, didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, ”, Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India

☆ Justices question obstruction charge in Jan 6 rioter prosecution, which could affect Trump's case
▼ + stars: | 2024-04-16 | by ( Lawrence Hurley | Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

Some justices expressed similar sentiments during Tuesday's arguments, asking whether the statute in question could be used to prosecute peaceful protesters, including people who at times have disrupted Supreme Court proceedings. Trump himself faces charges of violating the same law, as well as conspiracy to obstruct an official proceeding. Fischer faces seven criminal charges, only one of which is the focus of the Supreme Court case. He also faces charges of assaulting a police officer and entering a restricted building, among others. Conservative Justice Brett Kavanaugh questioned why the Justice Department needed to charge Fischer using the obstruction statute, noting that he faces the six other charges.

Persons: Micki Witthoeft, Ashli Babbitt, Fischer, WASHINGTON, Donald Trump, Joseph Fischer, Joe Biden's, Trump, Neil Gorsuch, Clarence Thomas, Brett Kavanaugh, Ginni Thomas, Trump's Organizations: U.S ., Appeals, District of Columbia, WASHINGTON —, U.S . Capitol, State, Trump, Conservative, Justice Department, Sarbanes, Oxley, Capitol, Prosecutors Locations: Washington ,, U.S, Washington, New York, Trump's

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

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