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NEW ORLEANS — Louisiana’s plan to make all of the state’s public school classrooms post the Ten Commandments next year remains on hold under an order Wednesday by a federal appeals court in New Orleans. The state contends that deGravelles’ order affects only the five school districts that are defendants in a legal challenge. Jeff Landry signed the bill into law in June, prompting a group of Louisiana public school parents of different faiths to sue. Murrill, the Republican attorney general, has said she disagreed with deGravelles’ ruling and that the law is constitutional under Supreme Court precedents. In recent years, similar bills requiring the Ten Commandments to be displayed in classrooms have been proposed in states including Texas, Oklahoma and Utah.
Persons: John deGravelles, deGravelles, “ We’re, , Sam Grover, Liz Murrill, ” DeGravelles, Jeff Landry, Murrill Organizations: ORLEANS, U.S, Circuit, Appeals, District, Religion, , GOP, Republican Gov, Republican Locations: New Orleans, Baton Rouge, Louisiana, East Baton Rouge, Livingston, St, Tammany, Orleans, Vernon, , Texas , Oklahoma, Utah, Kentucky
After a stinging election defeat, the race to lead the DNC kicks offBy Natasha Korecki and Alex Seitz-WaldTwo weeks after suffering another stinging defeat to Donald Trump, Democrats are in the throes of dissecting what went wrong and figuring out their path forward. Martin O’Malley, a onetime presidential candidate and the commissioner of the Social Security Administration, kicked off the race by entering the fray. Minnesota Democratic Party Chair Ken Martin, a DNC vice chair and leader of the Association of State Democratic Committees, followed by formally announcing his candidacy Tuesday. Still looming out there: Wisconsin Democratic Party Chair Ben Wikler, who has developed a reputation as a prodigious fundraiser and field organizer. Read more → ☑️ Latest race calls: Democratic Rep. Marcy Kaptur defeated Republican Derek Merrin in Ohio’s competitive 9th District, NBC News projected.
Persons: Natasha Korecki, Alex Seitz, Wald, Chuck Todd, Donald Trump, Joe Biden, Jaime Harrison, Martin O’Malley, Ken Martin, Martin, O’Malley, Chuck Rocha, Sen, Mallory McMorrow, Ben Wikler, “ Ben, That’s, Rahm Emanuel, Barack Obama, Emanuel, Adam Parkhomenko, Hillary Clinton’s, , ” Parkhomenko, James Zogby, it’s, Howard Dean, Obama —, Chuck Todd Here’s, Trumpism, Trump, wasn’t, Harris, Biden, Read, Chuck → ➡️, Matt Gaetz, Lloyd Austin, Pete Hegseth, Linda McMahon, Matt Whitaker, 🗞️ Organizations: NBC, White House, Capitol, Democratic National Committee, DNC, Maryland Gov, Social Security Administration, Minnesota Democratic, Association of State Democratic Committees, Democratic, Politico, Republican, Democratic National Convention, Wisconsin Democratic, Chicago, NBC News, Arab American Institute, America, GOP, Pentagon, “ DEI, Biden, Chuck → ➡️ Trump, Wrestling Entertainment, Education Department, Former, Atlantic Treaty Organization Locations: Michigan, U.S, Japan, Oklahoma
North Carolina Republican lawmakers voted to strip the state’s incoming Democratic governor and attorney general of key powers, passing a sweeping bill before the GOP likely loses their veto-proof supermajority in the Legislature next year. That power currently lies with the governor's office, which will remain in Democratic hands after Attorney General Josh Stein defeated Republican Lt. Gov. Republicans have long sought control of the state Board of Elections, which is historically controlled by the same party as the current governor, but their past efforts have been foiled by the courts. That means they would be unable to override any future vetos from Stein without Democratic support. Stein is succeeding outgoing Cooper, whose administration repeatedly clashed with the Republican-led Legislature in the battleground state.
Persons: Dave Boliek, Jessica Holmes, Josh Stein, Mark Robinson, Roy Cooper's, , Karen Brinson Bell, Jeff Jackson, Stein, Cooper Organizations: North, North Carolina Republican, Democratic, GOP, Republican, Gov, Republicans, Democratic Gov, Board, State Board, North Carolina Legislature Locations: North Carolina, Stein
Nebraska’s Dan Osborn is returning to work Tuesday as a steamfitter after his unsuccessful Senate run, but his political career isn’t over. Osborn, who ran as an independent, is launching a political action committee, called the Working Class Heroes Fund, to support working-class candidates of all parties. And he isn’t ruling out another run for office after his loss to GOP Sen. Deb Fischer. Osborn said his PAC will support candidates of any party, and he said he didn’t expect to have many policy litmus tests, apart from supporting campaign finance overhaul and rejecting corporate donations. His Senate campaign raised $7.9 million through mid-October, according to the latest campaign finance reports, and he said it ultimately raised more than $14 million.
Persons: Dan Osborn, Osborn, GOP Sen, Deb Fischer, ” Osborn, Pete Ricketts, Sen, Ben Sasse’s, Ricketts, , “ Pete Ricketts, Kamala Harris, Fischer, Donald Trump, I’ve, we’ve, Organizations: GOP, Senate, Chicago Cubs, Nebraska, Republicans, Democrats, Marijuana, Party Locations: Nebraska
HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.
Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, , Tai —, John Burns, Burns, Jimmy Lai, , Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s
CNN —Officials in Texas are set to vote Tuesday on a new public school curriculum that incorporates lessons from the Bible as early as kindergarten, that provoked criticism from advocacy groups and families across the state. The state Board of Education will vote on revisions to its K-5 reading and English language arts materials, part of Bluebonnet Learning, the Texas Education Agency-developed open education resources. We don’t leave Texans behind.”Ghani also argued that Texas public school teachers are already “overburdened” with the amount of material they’re expected to teach. “But inserting faith-based lessons into public school classrooms, which sounds like what is intended here, is not the study of history or literature. The legislature has also pushed to require that public school classrooms display the Ten Commandments.
Persons: Bill, Jesus, Robert Frost, William Carlos Williams, , Mark Chancey, , Barbara Baruch, “ Don’t, Jonathan Covey, Glenn Melvin, Vitale, ” Melvin, ” David Brockman, , ” Brockman, Shariq Ghani, don’t, ” Ghani, ’ Charles Haynes, Robert Pondiscio, Greg Abbott Organizations: CNN, Education, Texas Education Agency, Texas AFT, Southern Methodist University, Texas, US, Engel, Texas Freedom Network, , Foundation, Texans, Freedom, Association of Religion Data, American Enterprise Institute, Republican Locations: Texas, Rome, Roman, “ Texas, The74, Oklahoma, Louisiana
Benny Tai, a prominent legal scholar and veteran protest leader, received the longest prison term of 10 years – the toughest sentence to date handed down under the national security law. But since the national security law came into effect in 2020, Hong Kong’s political and legal landscape has been transformed. The administration of outgoing US President Joe Biden was also critical of Bejing’s crackdown in Hong Kong, even as it tried to recalibrate ties with Beijing. John Burns, emeritus professor at the University of Hong Kong, said the cumulative changes have reduced the city’s autonomy and citizens’ participation in politics. “The new regime has restricted human rights in Hong Kong, rights that Hong Kongers used to enjoy.
Persons: Hong Kong’s, Joshua Wong, , , Benny Tai, Wong, Gwyneth Ho, Leung Kwok, Claudia Mo, teared, ” –, Chris Lau, Lee Yue, , Hong, Donald Trump’s, Joe Biden, Trump, Raphael Wong Ho, John Burns, Hong Kongers, Hong Kong, John Lee –, ” Lee Organizations: Hong Kong CNN, Hong, CNN Landmark, Police, Washington, Beijing, CNN, Legislative Council, University of Hong, Authorities, Communist Party Locations: Hong Kong, Kowloon, Beijing, British, China, University of Hong Kong, Hong
CNN —California is stripping the word “squaw” – a derogatory term for Indigenous women – from dozens of place names across 15 counties, state agencies recently announced. The updated place names are expected to go in effect by January 1, 2025. The upcoming changes are part of nationwide efforts to examine and replace derogatory terms on geographic features. The California Advisory Committee on Geographic Names approved renaming more than 30 locations, marking “a significant milestone for Native American women,” the California Natural Resources Agency (CNRA) said in a news release Friday. These place names should never insult communities or perpetuate discrimination,” Wade Crowfoot, the CNRA’s secretary, said in the release.
Persons: Gavin Newsom, ” Wade Crowfoot, Crowfoot, Deb Haaland, Bill No, Newsom, James C, Ramos, , ” Ramos, CNN’s Sara Smart, Yan Kaner Organizations: CNN, Geographic, California Natural Resources Agency, Census, California, California Department of Forestry, Task Force Locations: California, , Fresno County, Humboldt County, American, West Sacramento
Jared Leopold, a Democratic strategist and former top official at the Democratic Governors Association, noted that while the Democratic governors who ran for president in 2020 were less well known, potential 2028 contenders like Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. “And I also think there’s not going to be as much to be done in the Senate with a deeper minority. Ditto for Shapiro, who has spent the days after the election focused on economic development efforts in his state. Others, like Connecticut’s Chris Murphy and Pennsylvania’s John Fetterman, look interested in shaping a new Democratic approach on myriad issues.
Persons: Kamala Harris ’, Donald Trump, , Joe Biden’s, Jared Leopold, Gretchen Whitmer, Josh Shapiro, Gavin Newsom, JB Pritzker, pushback, , Leopold, Jay Inslee’s, there’s, Trump, Caitlin Legacki, ” Legacki, Newsom, Pritzker, ” Trump, Gavin Newscum ”, ’ ” Newsom, Pritzker —, , ” —, Jared Polis, ” Pritzker, Ezra Levin, Shapiro, Whitmer, Harris ’, “ I’ve, Jocelyn Benson, ” Whitmer, winking —, Ditto, Harris, ‘ I’ve, I’ve, I’m, “ We’re, , Jon Ossoff, Raphael Warnock, Arizona’s Mark Kelly, Ossoff, Sen, Ruben Gallego, Chris Murphy, Pennsylvania’s John Fetterman, Murphy, MAGA, Joe Rogan’s, Fetterman, Wes Moore, Kentucky’s Andy Beshear, Cory Booker, Amy Klobuchar, Pete Buttigieg, Alexandria Ocasio, Ro Khanna, Khanna, he’s, Gen Z, Warnock, There’s, Mark Cuban, ” Leopold, workhorses, Democrats it’s, Al Davis ’, Robby Mook, Hillary Clinton’s, ” Mook Organizations: NBC News, Trump, Democratic, Democratic Governors Association, Michigan, Illinois Gov, Washington Gov, ” “ Governors, White, Capitol, Colorado Gov, Governors, Democracy, Hyatt, Democratic Party, Democratic National Convention, , Gridiron Club, NBC, New York, Democrats ’, Marine, Transportation, New Hampshire —, Pennsylvania Democrat, Cuban, Democrats, Oakland Raiders Locations: Pennsylvania, California, Trumpism, Illinois, Michigan, ” Michigan, Washington ,, Arizona, Sens, Cortez, New Hampshire, Washington, Cuban
The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg
But major cracks appeared in January, when Rodrigo Duterte called Marcos a “drug addict” and threatened that the president could be removed from power. Months later, Vice President Duterte-Carpio resigned as education secretary, a departure seen by analysts as a sign that the relationship between the country’s top leaders was beyond repair. “And when they get there, I will be the president of hell.”Marcos insisted he thought he and the vice president were friends. Philippine President Ferdinand Marcos Jr. and Vice President Sara Duterte attend an education-related event in Manila on January 25, 2024. Despite all the controversies and alleged links to extrajudicial killings and suspected criminals, Duterte has told Davao voters that a vote for him is a vote for order.
Persons: Rodrigo Duterte, Donald Trump’s, Sara Duterte, Carpio, Ferdinand Marcos Jr, , Ferdinand Marcos, Marcos, Rodrigo Duterte’s, Richard Heydarian, , Duterte, , ” Duterte, Duterte's, Jes Aznar, Sebastian Duterte, Paolo Duterte –, Heydarian, “ It’s, ” Heydarian, Ezra Acayan, Ferdinand Marcos Sr, ” Marcos, Sandro Marcos, behead, Ranjit Singh Rye, ” Rye, Cleve Arguelles, Numero, Sebastian, Rodrigo’s, Paolo, ” Arguelles, reigniting, Prospero Nograles, Margarita, Karlo Nograles, Arguelles, Pastor Apollo Carreon, God ”, of Jesus Christ Organizations: CNN, Trump, Asian Center of, University of the, International Criminal Court, ICC, Department of Education, Lawmakers, Getty, Davao, Association of Southeast Asian Nations, Kyodo, Marcos, FBI Locations: Philippine, Davao City, Mindanao, Philippines, United States, China, University of the Philippines, Davao, Manila, , Duterte, West Philippine, Washington, Beijing, Rye, Karlo, of
This article is part of “Dealing the Dead,” a series investigating the use of unclaimed bodies for medical research. State regulators have ordered a Texas medical school to immediately halt its practice of liquefying bodies after using them for training and research. The University of North Texas Health Science Center said in 2020 that it would renovate a Fort Worth anatomy facility, including installing two alkaline hydrolysis units. The University of North Texas Health and Science Center stopped using unclaimed bodies following NBC News' reporting. Dallas and Tarrant county officials did not immediately respond to questions about whether they agreed to allow the Health Science Center to liquefy unclaimed bodies.
Persons: It’s, Dr, Sylvia Trent, Adams, Shelby Tauber, Andy North, Shelby Tauber Eli Shupe, ” Shupe, Critics, Shupe, , it’s, Organizations: NBC News, Texas, Service Commission, University of North Texas Health Science, Health Science, The University of North Texas Health Science Center, Commission, Health Science Center, Army, University of North Texas Health, Science Center, NBC, Dallas, University of Texas, Texas Legislature, Texas Catholic Conference of Bishops Locations: Texas, Fort Worth, Worth, Tarrant, Dallas, Tarrant County, Arlington
According to projections from The Associated Press, Republicans flipped control of the Michigan state House, padded their narrow majorities in the New Hampshire state House and Senate, and maintained their majority in the Pennsylvania state Senate. In Arizona, Republicans appeared poised to expand their narrow majorities in the state House and state Senate, though the AP hasn’t yet called enough races to make that determination. In many districts in both states, Democrats had centered their message on the accomplishments the party achieved with that power. Democrats, however, maintained their 102-101 majority in the Pennsylvania state House — the only bright spot for the party in state legislative chambers where partisan control had been at stake. In addition, Republicans’ victories in state legislative races came even as Democratic groups massively outspent them.
Persons: , Dee Duncan, Project’s, Daniel Squadron, Adam Pritzker, Tony Evers, Josh Stein Organizations: Associated Press, Senate, Republicans, AP, ” Republican, Democratic, States, Democratic Legislative, GOP, Democrats “, Wisconsin —, Gov, Democratic Gov Locations: Washington, Michigan, New Hampshire, Pennsylvania, Arizona, Minnesota, North Carolina, Wisconsin, Kansas, New York, Vermont, South Carolina
"A Kamala presidency would have meant the same exact things for crypto and digital assets in four years' time as a Trump presidency," Brokate says. Part of crypto's upward price momentum stems from investor optimism in what a Republican-controlled government could mean for digital assets, Brokate says. But forward-looking investors say that the current market for crypto is barely scratching the surface of potential investor demand. That is, crypto advocates say, if the U.S. government provides a clearer regulatory framework for financial institutions to market and sell crypto and other digital assets to customers. Ideally, crypto enthusiasts say, the U.S. would eventually establish regulatory frameworks similar to the one that exists in Europe known as MiCA — Markets in Crypto Assets.
Persons: Kamala, Trump, Brokate, Federico Brokate, bitcoin, Geoff Kendrick, Andy Baehr, hasn't, Baehr Organizations: Republican, Trump, Crypto, CNBC Locations: U.S, Europe
Incumbent governments have been punished in Britain, France, India, Japan, South Korea, and elsewhere. The near-universal shift away from Democrats echoes voters' rejection of incumbent political parties across the world this year. South Africa's African National Congress (ANC) party lost its majority. Similarly, Deutsche Bank's Reid wrote that voters are disappointed by how slowly their lives are improving amid cooler economic growth. He said they don't buy that incumbents can tackle immigration, some incumbent governments have had scandals, and voters have become "much more willing to change their vote from election to election."
Persons: Donald Trump's, Kamala Harris, , Donald Trump, Biden, Harris, Narendra Modi, Korea's Democrat Party snagged, Jim Reid, Tina Fordham, Louis Perron, Deutsche Bank's Reid Organizations: Service, Democratic, Britain's Labour Party, Conservative Party, Rally, Japan's Liberal Democratic Party, Indian, Korea's Democrat Party, National Congress, ANC, Deutsche Bank, Fed, Bank of England, European Central Bank, CNN, Win, Deutsche Locations: Britain, France, India, Japan, South Korea, London, Tokyo, Seoul, Cape Town, Washington, Gaza, country's, South, Ukraine
In today’s edition, chief political analyst Chuck Todd explains why the results of the 2022 midterm elections were a mirage for the Democrats . Democrats did well in the 2022 midterms despite Biden, not because of him or his pro-democracy messaging. But Democrats managed to hold onto Senate seats in two states Trump carried, Michigan and Wisconsin. In the House, Republicans had a 212-201 lead, with 22 races yet to be called as of Friday afternoon. Read more →Trump won Nevada, NBC News projects — the first time a Republican presidential candidate has done so since 2004.
Persons: Chuck Todd, Kristen Welker, Donald Trump, Adam Edelman, Bill Clinton, Barack Obama, Joe Biden, Kamala Harris, Clinton, Obama, Biden, ’ “, Court’s Dobbs, Dobbs, Trump, Chuck →, , , It’s, ” Trump, , I’m, , We’re, Donald Trump’s, Gavin Newsom, JB Pritzker, Illinoisans, Kathy Hochul, Read, abi Organizations: NBC, White House, Capitol, Democratic, GOP, Democrats, Trump, Black, Asian, Senate, Republicans, NBC News, Nevada Senate, House, Gov, , New York Gov, Initiative Locations: Pennsylvania, Georgia, Arizona , Nevada , Michigan, Wisconsin, West Virginia , Montana and Ohio, Michigan, Arizona , Pennsylvania, Nevada, South America, In California, California, ” Illinois
A cadre of blue-state governors is already preparing a litany of political and legal moves to shield their states’ policies and residents from federal actions under Donald Trump's new administration. In California, Gov. A spokesperson for Trump didn’t immediately respond to questions about how Democratic governors are responding to his return to the White House. Phil Murphy pledged to both push back against Trump when necessary, while also seeking out areas for compromise. “If it’s contrary to our values, we will fight to the death,” Murphy said at a Wednesday press conference, mentioning issues such as immigration and reproductive rights.
Persons: Donald Trump's, Gavin Newsom, ” Newsom, , Trump, , , “ Trump, Newsom, Gavin Newscum ”, , JB Pritzker, Illinoisans, ” Pritzker, Pritzker, Anne Caprara, “ We’re, ” Caprara, we’ve, Kathy Hochul, Letitia James, “ I’m, ” Hochul, Maura Healey, ” Healey, Trump’s, Healey, Josh Shapiro, ” Shapiro, William Penn, Phil Murphy, ” Murphy Organizations: Democratic, Trump, Gov, state’s Justice, Associated Press, ’ ”, America, ” New York Gov, Initiative, New, Massachusetts Gov, MSNBC, Pennsylvania Gov Locations: In California, California, ’ ” Illinois, Illinois, Covid, Massachusetts, Pennsylvania, California , New York, Commonwealth, New Jersey
At least 1,017 out LGBTQ candidates ran for election this year, a 1.1% increase compared with 2020, according to the LGBTQ+ Victory Fund, a political organization that tracks and supports LGBTQ candidates for elected office. The LGBTQ+ Victory Fund endorsed and tracked 477 of the LGBTQ candidates who made it to the general election. As of Friday afternoon, about three-quarters of those races had been called, with LGBTQ candidates having a success rate of approximately 80%. LGBTQ candidates won elections to at least 37 state legislatures this year, according to the LGBTQ+ Victory Fund, and several were historic firsts. “Having LGBTQ+ candidates in the halls of power will be paramount in helping to protect and uphold pro-equality values,” Meloy said.
Persons: ” Sean Meloy, Delaware’s Sarah McBride, Julie Johnson, Emily Randall, Tammy Baldwin, Kyrsten, Laphonza Butler, Kim Coco Iwamoto, Aime Wichtendahl, Wick Thomas, Iwamoto, Thomas, Rashaun Kemp, Amaad Rivera, Wagner, Molly Cook, Donald Trump, Baldwin’s, Eric Hovde, Baldwin, Maria Brisbane, , ” Meloy, Organizations: D.C, U.S . House, U.S . Senate, NBC News, , South, Latina, Senate, Texas Senate’s, Baldwin’s Republican, AdImpact, Victory, Gallup, Republican Locations: Nebraska, Puerto Rico, Washington, U.S, Texas, Wisconsin, Arizona, California, Hawaii , Iowa, Missouri, Georgia
With the glaring exception of the presidential race, North Carolina Democrats had a good 2024 election. Those results largely comport with decades of political trends in North Carolina. For decades, voters in North Carolina have shown a propensity to elect Republicans for federal office while supporting Democrats in downballot statewide races. North Carolina, which holds its races for governor in presidential election years, has voted for the Republican presidential candidate in every election but one since 1980. “Welcome to the political legacy and history and trajectory of North Carolina politics.
Persons: Kamala Harris, Donald Trump, Mark Robinson’s, , Mark Robinson, , Josh Stein, Robinson, Rachel Hunt, Republican Hal Weatherman, Stein, Jeff Jackson, Republican Dan Bishop, Elaine Marshall, Republican Chad Brown, Democrat Maurice Green, Republican Michele Morrow, Republican Catherine Truitt, Morrow, Republican Jefferson Griffin, Allison Riggs, Democrats downballot, Sam Newton, Newton, Weatherman, didn’t, Trump, It’s, Michael Bitzer, ” Newton, Bitzer Organizations: North Carolina Democrats, Republicans, Republican, Gov, North, North Carolina GOP, Democrat, Democrats, Associated Press, Democratic, NBC, Democratic Governors Association, CNN, National Democrats, Democratic National Committee, Catawba College, Trump Locations: North Carolina, downballot, Carolina, Charlotte
BEIJING — China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues. The policies will reduce hidden debt from 14.3 trillion yuan to 2.3 trillion yuan by 2028, Lan said. At the parliamentary meeting, officials had reviewed a plan to increase the limit on how much debt local governments can issue, according to state media. The additional quota would go toward swapping out local governments’ hidden debt. Nomura estimates that China has 50 trillion yuan to 60 trillion yuan ($7 trillion to $8.4 trillion) in such hidden debt, and said it expected that Beijing could allow local authorities to increase debt issuance by 10 trillion yuan over the next few years.
Persons: of Finance Lan Fo’an, Lan, Xi Jinping, Donald Trump —, , Nomura Organizations: Friday, of Finance, People’s Bank of, People’s Congress, U.S, Nomura, International Monetary Fund Locations: BEIJING, China, Beijing, People’s Bank of China, Covid
Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.
Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan
BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support, and stopping the real estate market slump. While the People's Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by the country's parliament, called the National People's Congress. Analysts expect an increase in the scale of fiscal support after Donald Trump — who has threatened harsh tariffs on Chinese goods — won the U.S. presidential election this week. When discussing planned fiscal support at a press conference last month, Minister of Finance Lan Fo'an emphasized the need to address local government debt problems.
Persons: Xi Jinping, Donald Trump —, , Finance Lan Fo'an Organizations: Hongkong, People's Bank of, People's Congress, U.S, Finance Locations: Shanghai, BEIJING – China, People's Bank of China, Beijing
Gavin Newsom, a fierce critic of former President Donald Trump, on Thursday called for lawmakers to convene a special session later this year to safeguard the state’s progressive policies on climate change, reproductive rights and immigration ahead of another Trump presidency. The move — a day after the former president resoundingly defeated Vice President Kamala Harris in the presidential race — effectively reignited California’s resistance campaign against conservative policies that state Democratic leaders started during the first Trump administration. California’s move is part of a growing discussion among Democratic state officials across the country seeking to protect policies that face threats under Trump’s leadership. Newsom and Democratic lawmakers said they are acting now to shield the state’s policies that have made it a leader in the nation. “He wants to be seen as a political revivalist, and so that puts him front and center,” McCuan said.
Persons: , Gavin Newsom, Donald Trump, Trump, resoundingly, Kamala Harris, ” Newsom, “ Trump, California’s, Kathy Hochul, Letitia James, ” Hochul, Hochul, Maura Healey, Andrea Campbell, JB Pritzker, ” Pritzker, Newsom, , Harris, Pro Tempore Mike McGuire, Rob Bonta, Trump’s, David McCuan, won’t, ” McCuan Organizations: Democratic, Associated Press, Republican, Senate, Gov, Trump, , Illinois Gov, White House, Pro Tempore, America, State, White, Sonoma State University Locations: Sacramento, California, New York, State, New, Massachusetts, Chicago, Illinois, ” California, America, Southern California, U.S
Sen. Tammy Baldwin, D-Wis., fended off a challenge from Republican Eric Hovde on Tuesday, NBC News projects, winning a third six-year term in a critical battleground state. Baldwin defeated Hovde even as Trump carried Wisconsin over Vice President Kamala Harris in the presidential race. Baldwin was first elected to the Senate in 2012, replacing retiring Democratic Sen. Herb Kohl. Eric Hovde speaks at the 2024 Republican National Convention. Her Senate seat has remained in Democratic control since 1957, when William Proxmire won a special election after the death of Republican Sen. Joseph McCarthy.
Persons: Sen, Tammy Baldwin, Eric Hovde, Hovde, Donald Trump, Baldwin, Trump, Kamala Harris, Democratic Sen, Herb Kohl, Tommy Thompson, Kamil Krzaczynski, Joe Biden, Senate Democrats ’, William Proxmire, Republican Sen, Joseph McCarthy Organizations: NBC News, Senate, Democratic, Wisconsin, Republican National Convention, Getty, White, Senate Democrats, Republican Locations: D, Wisconsin, Orange County , California, AFP, Madison, Washington
Arizona voters approved a controversial ballot measure that will give state and local law enforcement greater authority to enforce immigration-related laws typically left to the federal government, NBC News projects. The lengthy ballot measure makes a number of changes to state law related to immigration. The measure also requires a court to kick out migrants convicted of illegal entry, allowing state and local law enforcement to deliver them to federal custody. While the ballot measure’s supporters have long argued for the need to make immigration law stricter, Republicans also hoped that the measure could help boost GOP turnout. And Arizona’s controversial attempt to enact stricter immigration laws in 2010 was partially blocked by the Supreme Court in part because the court found that federal immigration law pre-empted much of the legislation.
Persons: Katie Hobbs, Kari Lake, Ruben Gallego Organizations: NBC, Democratic White House, Arizona’s GOP, Democratic Gov, Senate, Democratic Rep, Republicans Locations: Arizona, America, Arizona’s, Texas
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