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☆ Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.

Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana

☆ Trump’s Cabinet picks could be complicated by GOP math in the House
▼ + stars: | 2024-11-12 | by ( Sarah Ferris | ) edition.cnn.com time to read: +4 min

CNN —Plenty of House Republicans are privately jockeying for President-elect Donald Trump’s Cabinet. “I have 10 colleagues who think they’re going to the Cabinet,” one House GOP lawmaker quipped, speaking on the condition of anonymity to discuss internal dynamics. But you’re not going to let three or four go.”Inside the House GOP, many lawmakers and senior aides have long assumed Stefanik would go to the Cabinet. She and Texas Rep. Ronny Jackson, Trump’s former physician, are considered to have some of the tightest relationships between Trump and the House GOP. And privately, Reps. Anna Paulina Luna and Cory Mills have also expressed interest, according to a Florida GOP source.

Persons: Donald Trump’s, There’s, Mike Johnson can’t, Elise Stefanik, Mike Waltz, Mike Rogers, Sam Graves —, won’t, Johnson, ”, Kelly Armstrong, “, Mike, that’d, we’ve, you’re, Ronny Jackson, George W, Bush, Trump, Matt Gaetz, Brian Mast, Byron Donalds, Carlos Gimenez, Greg Steube, Anna Paulina Luna, Cory Mills, Garret Graves, Matt Rosendale, Florida Sen, Marco Rubio, Bill Hagerty, Mike Lee of, Tom Cotton of, Eric Schmitt of Organizations: CNN, of, Republicans, Trump, Monday, New York, Florida, Armed, GOP, North, ”, Texas, Green Beret, Florida GOP, Transportation, Department of Veterans Affairs, Eric Schmitt of Missouri Locations: Washington, North Dakota, Afghanistan, East, Africa, Florida, Garret Graves of Louisiana, Matt Rosendale of Montana, Pennsylvania, Arizona, Sens, Tennessee, Mike Lee of Utah, Tom Cotton of Arkansas

☆ House GOP Biden inquiry stalls as impeachment becomes less likely
▼ + stars: | 2024-03-15 | by ( Annie Grayer | ) edition.cnn.com time to read: +14 min

Hunter Biden arrives at the Thomas P. O'Neil Jr. House Office Building for a closed door deposition on February 28, in Washington, DC. Abbe Lowell makes a statement to the press following a closed-door deposition before the House Committee on Oversight and Accountability, and House Judiciary Committee in the O'Neill House Office Building on February 28, in Washington, DC. “He was well-prepared for the kind of questions,” Issa recounted of Hunter Biden. GOP focus shifts away from impeachment probeInvestigating the Biden family and going after President Biden was a top priority for House Republicans when they reclaimed the majority and got control of committees. GOP Rep. Ryan Zinke of Montana said the three Republican chairmen leading the impeachment inquiry have the same message: “They say we’re not in a position to go forward on impeachment.”

Persons: Joe Biden, Biden, Hunter Biden, James Comer, Jim Jordan, Comer, Donald Trump, Thomas P, O'Neil Jr, Countess, Merrick, Justice won’t, ” Comer, Mike Johnson, “, Jordan, Johnson, “ I’m, ” Johnson, Ralph Norman of, Troy Nehls, impeaching Biden, We’ve, Let’s, ”, ” Nehls, Alejandro Mayorkas, I’m, Trump, weaponized, ” Jordan, Vernon, Ed Siskel, ” Siskel, Hunter, Mary, ” Hunter, Abbe Lowell, Samuel Corum, Hunter Biden’s, Darrell Issa, ” Issa, Robert Hur, Garret Graves, Chip Roy, Texas, Lisa McClain, Richard Hudson of, it’s, Nick LaLota, ” Norman, Ryan Zinke Organizations: House Republicans, Department of Justice, CNN, Fox News, Merrick Garland’s Department, Justice, Louisiana Republican, ” Staff, GOP, Caucus, Democratic, Homeland, Senate, Trump, White, Getty, Committee, Republican, of, Hunter Biden, Republicans, Internal Revenue Service, Judiciary, House, House Republican, “ Locations: Washington ,, Merrick Garland’s, Louisiana, House, Ralph Norman of South Carolina, Texas, Georgia, Miami, Vernon Hill, Florida, O'Neill, Washington , DC, California, Lisa McClain of Michigan, Richard Hudson of North Carolina, New York, Montana

☆ A GOP congressman who earlier this year mulled running for statewide office says Congress has become a 'childish' place that isn't attracting 'the cream of the crop'
▼ + stars: | 2023-11-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Garret Graves of Louisiana recently told Politico that Congress has become a "childish" place. "I mean, this isn't a place where you attract the cream of the crop," he told the outlet. The House in October ousted Kevin McCarthy as speaker, an act that continues to reverberate to this day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. And even with McCarthy as speaker, he never earned the trust among a key bloc of conservatives, which eventually led to his downfall.

Persons: Garret Graves of, Kevin McCarthy, —, Kevin McCarthy of, Graves, Jeff Landry, McCarthy, Mike Johnson of, Rashida, Tim Burchett, George Santos Organizations: Politico, Service, White, Capitol, Republican, GOP, House Republican Conference, Democratic Rep Locations: Garret Graves of Louisiana, Kevin McCarthy of California, Louisiana, Mike Johnson of Louisiana, Michigan, Israel, Tennessee, George Santos of New York

Conservatives also say Johnson, who was a rank-and-file member up until this point, hasn’t broken their trust yet. “Kevin was in a very difficult situation when that happened,” Johnson told CNN. But it wasn’t enough to win them over; the House Freedom Caucus took an official position against the plan. “Speaker Johnson must reassert his authority in this fight,” Freedom Caucus Chairman Scott Perry, a Pennsylvania Republican, said ahead of the vote. “I think if you’re going to oust a speaker of the House from your conference, the red line should remain the same for the next speaker,” Greene said.

Persons: Mike Johnson’s, Kevin McCarthy, –, McCarthy, Johnson, haven’t, ”, Bob Good, there’s, “, Tom Cole, we’ve, Warren Davidson, that’s, Chip Roy, Dan Bishop of, Kevin, ” Johnson, Scott Perry, “ He’s, Troy Nehls, ” McCarthy, Dusty Johnson of, Garret Graves, McCarthy ”, Patrick McHenry of, Marjorie Taylor Greene, ” Greene Organizations: Democratic, House Republican Conference, Louisiana Republican, CNN, GOP, ”, Freedom Caucus, Caucus, Fox Business, “, Pennsylvania Republican, California Republican, Dusty Johnson of South Dakota Locations: Louisiana, Virginia, Oklahoma, Ukraine, Israel, Warren Davidson of Ohio, Texas, Dan Bishop of North Carolina, Pennsylvania, “, California, Dusty Johnson of South, Patrick McHenry of North Carolina, Washington, Marjorie Taylor Greene of Georgia

CNN —A band of House Republicans made a historic move this week to punish their own leader, sending the House into chaos by ousting Kevin McCarthy as speaker. For Democrats, the House GOP drama puts them in a wait-and-see mode. Scalise, Jordan make their pitchesBoth Scalise and Jordan have spent the past several days making their pitches to different constituencies in the GOP conference. Democrats waiting on the sidelinesBiden jabbed at House Republicans on Friday while saying he was willing to work with whomever was ultimately elected by the House to be speaker. House Republicans, it’s time for you to do your job,” Biden said at a White House event touting the economy’s better-than-expected job numbers Friday.

Persons: Kevin McCarthy, McCarthy, Donald Trump, Jim Jordan, Steve Scalise, Jordan, McCarthy –, ”, Mark Amodei, Trump, Tom Emmer, Scalise, Emmer, –, there’s, ‘, Patrick McHenry, McHenry, Jordan’s, Trump’s, Still, ” Jordan, CNN’s Manu Raju, he’s, There’s, McCarthy’s, Matt Gaetz, “, we’ve, Garret Graves, Republicans –, Joe Biden, Biden jabbed, ” Biden, let’s, Hakeem Jeffries, Biden, Jeffries Organizations: CNN, House Republicans, Capitol, Fox News, Jordan, Republicans, Republican, Ukraine, Nevada Republican, Ohio Republican, GOP, Trump, Florida Republican, ”, Democratic, Conservative, Democrats, White, Biden, Washington, ’ Locations: Washington, Scalise, Nevada, Ukraine, ”, Louisiana

☆ Lauren Boebert said it would be 'childish, vengeful' for Republicans to remove Matt Gaetz after he led McCarthy's ousting
▼ + stars: | 2023-10-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

As Matt Gaetz is criticized by various corners of the GOP, Lauren Boebert has risen to defend him. Gaetz had led the controversial charge to oust Kevin McCarthy as House Speaker. Boebert said Republicans retaliating against Gaetz would be "sorely mistaken." AdvertisementAdvertisementRep. Lauren Boebert of Colorado on Thursday warned her GOP colleagues about retaliating against Rep. Matt Gaetz for his role in ousting Kevin McCarthy. AdvertisementAdvertisementMeanwhile, McCarthy accused Gaetz of acting against him as personal payback for a House Ethics Committee investigation that looked into allegations of sexual misconduct against Gaetz.

Persons: Matt Gaetz, Lauren Boebert, Gaetz, Kevin McCarthy, Boebert, Republicans retaliating, —, @MattGaetz, McCarthy, Rep, Garret Graves, Mitch McConnell Organizations: GOP, Republicans, Gaetz, Service, Republican Main Street Caucus, Committee Locations: Colorado, Florida, California, Louisiana

☆ A GOP congressman said Gaetz got 'schooled by AOC' when he ousted McCarthy: 'I can't believe he's that stupid'
▼ + stars: | 2023-10-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Monday, Rep. Matt Gaetz filed a "motion to vacate" Kevin McCarthy as House speaker. A day later, the House successfully voted to kick McCarthy from his leadership post. As a result, a GOP congressman from Louisiana is livid and said Gaetz got "schooled" by Democrats. AdvertisementAdvertisementA Republican congressman from Louisiana vociferously went after Rep. Matt Gaetz on Wednesday, a day after the chamber voted to oust Rep. Kevin McCarthy as speaker. As Graves noted, only a very small minority of Republican representatives — eight in total, including Gaetz — elected to vacate the speakership.

Persons: Matt Gaetz, Kevin McCarthy, McCarthy, Gaetz, —, Louisiana vociferously, Garret Graves of, Graves, Gaetz —, He's, hasn't, they'll reconvene Organizations: GOP, Service, Republican, —, Democratic Locations: Louisiana, Rep, Garret Graves of Louisiana, Florida, Washington

☆ The next GOP speaker will face the same traps that doomed McCarthy
▼ + stars: | 2023-10-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Two candidates, GOP Majority Leader Steve Scalise of Louisiana and Judiciary Chairman Jim Jordan of Ohio, have already launched campaigns. He’s not the first GOP speaker to think so. But in this political climate, any Republican speaker who has to rely on Democratic votes is critically weakened and probably can’t last long. But the only way a Republican speaker will be able to pass aide to Ukraine will be to do so with Democratic help. The lack of such flexibility has been a fatal flaw of GOP speakers for years.

Persons: Kevin McCarthy, he’d, Steve Scalise, Jim Jordan of, Kevin Hern, McCarthy, Matt Gaetz, tormentor, Nancy Pelosi, Garret Graves, CNN’s Jake Tapper, ” Graves, Donald Trump, “, ” McCarthy, He’s, John Boehner, shutdowns, –, Paul Ryan, Ryan, Trump, they’d, McCarthy –, Mike Lawler, Biden, ” Lawler, CNN’s Wolf Blitzer, Lawler, Jordan, CNN’s Manu Raju, Michael McCaul, Raju, Jordan didn’t, Scalise, don’t Organizations: CNN, Republican, GOP, United, Republican Party, Tea Party, Wisconsin Rep, “ America, Democratic, New, Trump, Foreign, Texas Locations: Louisiana, Jim Jordan of Ohio, Oklahoma, Florida, Garret Graves of Louisiana, United States, New York, reining, Russia, China, Ukraine, Kyiv

McCarthy, though, has stopped short of committing to putting a Senate-passed short-term spending bill on the floor, knowing that doing so could mean a call for his ouster. During a call with the Republican conference Saturday afternoon, McCarthy pushed members to rally around a short-term spending bill that includes funds for border security. That would give House Republicans a position from which to begin negotiations with the Senate. It’s taking away leverage from House Republicans,” said GOP Rep. Garret Graves of Louisiana. But House Republicans marked their bills up at far lower levels after a rebellion from conservatives.

Persons: Kevin McCarthy, McCarthy, ”, Patrick McHenry of, McCarthy’s, ” McCarthy, He’s, Donald Trump, “ Don’t, Andy Biggs, Chuck Schumer, “, Kevin, I’m, Sen, Joe Manchin, I’ve, Chip Roy, It’s, Garret Graves, haven’t, ” Roy, Marc Molinaro, “ I’m, ” Molinaro, Schumer, eying, Mitch McConnell, McConnell, ” Schumer, CNN’s Manu Raju, McHenry, Mike Lawler, Republicans don’t, ” Lawler, Brian Fitzpatrick, Josh Gottheimer Organizations: CNN, Republican, Republicans, Democratic, Senate, Truth, Department of Justice, ” Republican, GOP, Defense, Agriculture, Homeland Security, House Republicans, Saturday, ”, “, House, Biden Locations: Patrick McHenry of North Carolina, Arizona, Ukraine, West Virginia, Texas, State, Garret Graves of Louisiana, New York

It was one the president deployed once again behind closed doors at the White House. With Memorial Day on the horizon, senior White House officials said protecting veterans’ benefits was a top priority. They also knew it was a sensitive issue for Republicans’ politically, especially as House Republicans parried White House allegations about cuts to veterans’ services. White House officials would engage in conversations where their Republican counterparts would outline a potential resolution on issues. For months, White House officials hoped – and to some degree based on past battles, expected – Senate Republican Leader Mitch McConnell would engage in finding a resolution.

Persons: Joe Biden, Biden, “, ” Biden, Kevin McCarthy, simmered, Steve Ricchetti, Louisa Terrell, Shalanda Young, reticence, Biden didn’t, McCarthy, ’ carveouts, Republicans ’, Republicans parried, ” Terrell, ”, ” Young, Jeff Zients, –, would’ve, that’s, ” Zients, ” Ricchetti, Patrick McHenry, Young, Michael Linden, Ricchetti, McCarthy’s, Mitch McConnell, Terrell, McHenry, Garret Graves, Graves, Dan Meyer, they’ve, “ There’s, you’re, cleaver Organizations: CNN, Resolute, Legislative, White, Republican, FBI, Republicans, Internal Revenue Service, SNAP, Congressional, Office, Progressive, Young, White House, GOP, Biden, Republican Rep, Congress, dropoff, Air Force Academy Locations: Washington, Garret Graves of Louisiana, McHenry, Louisiana, Ukraine, Colorado

WASHINGTON — President Joe Biden said he was "very optimistic" on Friday about reaching a compromise deal with House Republicans to raise the debt ceiling before a June 5 deadline announced earlier in the day. "I hope we'll have some clear evidence tonight, before the clock strikes twelve, that we have a deal," Biden told reporters on the South Lawn of the White House shortly after 6:00 p.m. White House and congressional negotiators were closing in on a deal to raise the debt ceiling for two years, officials familiar with the negotiations told CNBC earlier in the day Friday. "I'm hopeful we'll know by tonight whether we are going to be able to have a deal," Biden said. Under a proposal that was on the table Friday, House Republicans would achieve at least two of their highest priorities in exchange for voting to raise the debt ceiling.

Persons: Joe Biden, Biden, hadn't, Janet Yellen, Garret Graves of Organizations: WASHINGTON, House Republicans, CNBC, Republican, Capitol, Treasury, Republicans, Internal Revenue Service, Pentagon Locations: White, U.S, Garret Graves of Louisiana

☆ The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed
▼ + stars: | 2023-05-26 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Patrick T. Fallon | Bloomberg | Getty Imageswatch nowTo start the year, the main theme in tech was layoffs and cost cuts. But investors have shifted their focus to AI now that companies are showcasing real-world applications of the long-hyped technology. Google, meanwhile, is touting its rival AI model at every opportunity, and Meta CEO Mark Zuckerberg would much rather tell shareholders about his company's AI advancements than the company's money-bleeding metaverse efforts. The chipmaker, known best for its graphics processing units (GPUs) that power advanced video games, is riding the AI wave. The next three top gainers in the index are also tech companies: Meta, Advanced Micro Devices and Salesforce .

☆ U.S. lawmakers seek repeal of Biden solar tariff waiver
▼ + stars: | 2023-01-26 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

The move is aimed at propping up domestic solar manufacturers, which have struggled to compete with cheap panels made overseas - often by Chinese companies. A Commerce Department probe last year found that some solar panel makers were dodging U.S. tariffs on Chinese-made goods by moving their products through Cambodia, Malaysia, Thailand and Vietnam. New proposed duties on imports from those countries will not kick in until June of 2024 because of a two-year waiver from Biden. Months later, the Commerce Department issued a preliminary decision to extend existing tariffs on Chinese solar products to goods from those nations. The White House has said the tariff exemption will serve as a bridge while the U.S. sector ramps up.

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