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☆ Coinbase CEO Brian Armstrong on the rise of the crypto voting block
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO Brian Armstrong on the rise of the crypto voting blockCoinbase CEO Brian Armstrong, who has spent years lobbying lawmakers on the importance of the crypto industry, weighs in on the rise of the crypto voting bloc in the 2024 election cycle. Crypto businesses and individuals have raised more than $190 million so far, with Armstrong himself giving over $1.3 million to a mix of PACs including the bipartisan, pro-crypto Fairshake and JD Vance for Senate Inc., as well as directly to Democrats and Republicans running for both House and Senate seats.

Persons: Brian Armstrong, Armstrong, JD Vance Organizations: Senate Inc

☆ Coinbase CEO Brian Armstrong on the rise of the crypto voting bloc
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase CEO Brian Armstrong on the rise of the crypto voting blocCoinbase CEO Brian Armstrong, who has spent years lobbying lawmakers on the importance of the crypto industry, weighs in on the rise of the crypto voting bloc in the 2024 election cycle. Crypto businesses and individuals have raised more than $190 million so far, with Armstrong himself giving over $1.3 million to a mix of PACs including the bipartisan, pro-crypto Fairshake and JD Vance for Senate Inc., as well as directly to Democrats and Republicans running for both House and Senate seats.

Persons: Brian Armstrong, Armstrong, JD Vance Organizations: Senate Inc

☆ Democrats Hold Leads in 4 Crucial Races That Could Decide Senate Control
▼ + stars: | 2024-05-13 | by ( Jonathan Weisman | Ruth Igielnik | ) www.nytimes.com time to read: +1 min

Democratic candidates for the Senate in Arizona, Nevada, Pennsylvania and Wisconsin lead their Republican rivals and are running well ahead of President Biden in key states where he continues to struggle, according to polls by The New York Times, The Philadelphia Inquirer and Siena College. The battleground surveys of registered voters indicate that the president’s difficulties against former President Donald J. Trump may not be enough to sink other Democrats, especially Senate incumbents who are facing less-well-known Republicans. Ticket-splitters are not abundant — about 10 percent of Trump voters back the Democratic candidate for Senate in the four states, while about 5 percent of Biden supporters back the Republican. But those voters are enough to give Democrats a chance at holding the Senate, where they currently hold a one-seat majority. To maintain control, the Democrats would have to sweep every competitive Senate seat and win the White House.

Persons: Biden, Donald J, Trump Organizations: Senate, Republican, The New York Times, Philadelphia Inquirer, Siena College, Trump voters, Democratic, White Locations: Arizona , Nevada , Pennsylvania, Wisconsin

☆ House sends Mayorkas impeachment articles to the Senate
▼ + stars: | 2024-04-16 | by ( Annie Grayer | Priscilla Alvarez | ) edition.cnn.com time to read: +11 min

CNN —House Republicans have sent to the Senate two articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, a step that launches a trial in the Senate as GOP lawmakers seek to highlight President Joe Biden’s handling of immigration policy. House Republicans do not have the votes or concrete evidence to impeach Biden given their razor-thin majority, leaving that separate impeachment inquiry stalled. GOP arguments for impeachment and pushback from constitutional expertsWhen Johnson originally informed Schumer he would be sending the impeachment articles over to the Senate, he laid out why he believed a Mayorkas impeachment was justified. “These articles lay out a clear, compelling, and irrefutable case for Secretary Alejandro Mayorkas’ impeachment,” Green said in a statement provided to CNN. “I think that what the House Republicans are asserting is that Secretary Mayorkas is guilty of maladministration,” Garber said.

Persons: Alejandro Mayorkas, Joe Biden’s, Mayorkas, Biden, —, impeaching Biden, ”, Donald Trump, Mike Johnson, Trump, Ian Sams, Johnson, Schumer, Mark Green of, Alejandro Mayorkas ’, ” Green, systemically, Samuel Alito, Ross Garber, ” Garber, “, Michael Chertoff, George W, Bush, Jonathan Turley, Chuck Schumer, Dick Durbin, “ I’m, CNN’s Manu Raju, I’ve, –, John Thune, ” Johnson, Pro Tempore Patty Murray, Michael McCaul of, Andy Biggs of, Clay Higgins, Ben Cline of Virginia, Michael Guest of, Andrew Garbarino, Marjorie Taylor Greene, Pfluger, Harriet Hageman of, Laurel Lee, CNN’s Ted Barrett, Morgan Rimmer Organizations: CNN — House Republicans, Homeland, Senate, Democratic, Republicans, Homeland Security, Biden, House Republicans, DHS, ’, Louisiana Republican, Truth, White, CNN, Congress, Tulane University, Republican, Senate Democratic, Mayorkas, Pro Tempore Locations: Louisiana, Mark Green of Tennessee, Washington, Michael McCaul of Texas, Andy Biggs of Arizona, Clay Higgins of Louisiana, Michael Guest of Mississippi, New York, Marjorie Taylor Greene of Georgia, Texas, Harriet Hageman of Wyoming, Laurel Lee of Florida

Congressional leaders announced a $1.59 trillion deal on top-line spending Sunday as the government races to avoid a potential shutdown. The deal establishes an overall spending budget of $1.59 trillion for the 2024 fiscal year, allocating $886 billion to military spending and $704 billion for non-defense spending, said Republican House Speaker Mike Johnson of Louisiana said in a Sunday note. The deal comes as the House and Senate inch closer to a key Jan.19 deadline, when funding runs out for many federal agencies. "It will also allow us to keep the investments for hardworking American families secured by the legislative achievements of President Biden and Congressional Democrats." Some of the concessions made include a $10-billion cut to IRS mandatory funding under the Inflation Reduction Act and $6.1 billion of the "COVID-era slush funds."

Persons: Chuck Schumer, Mike Johnson, Johnson, Schumer, Hakeem Jeffries, Biden, year's Schumer, Pelosi Organizations: U.S, Capitol, Congressional, Republican, Committee, America Locations: Washington , DC, Louisiana

☆ The House of Representatives is set to lose 375 years of congressional experience as 30 members have announced their departures
▼ + stars: | 2023-11-27 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

30 members of the House of Representatives have announced they won't be running for reelection. AdvertisementWhen the 118th Congress concludes in January 2025, the House of Representatives will be losing at least 375 years of congressional experience. As of Monday, 30 members of the House of Representatives — with each member averaging around 12 years, or 6 terms in office — have said they're not running for reelection. Of the 30 representatives leaving the House, 19 are members of the Democratic Party, and 11 caucus with the Republican Party. At least four House members have cited a desire to spend more time with family as the reason they're leaving office.

Persons: they'll, —, Katie Porter, Adam Schiff, Barbara Lee, cumulatively, Schiff, Derek Kilmer, Debbie Lesko, George Santos, he's, Santos Organizations: Representatives, Service, Democratic Party, Republican Party, Emerson College, Democratic, Republican, Rep, House Locations: California

The trend worries some U.S. lawmakers who fear corporate interest will make agricultural land unaffordable for the next generation of farmers. Investment firm acquisitions are also outpacing farmland purchases by foreign entities, according to data from the U.S. Department of Agriculture (USDA). Lawmakers debated this year whether to curtail foreign farmland ownership, concerned that adversaries might buy land to exert political influence. "If the next generation isn’t enticed to come back to the farm," he said, "then who’s going to own that land?" About 60% of U.S. farmland is farmer-owned and -operated, with the rest owned by non-farmer operators including individuals, trusts, and corporations, according to USDA.

Persons: Nuveen, Paul Schadegg, Tim Gibbons, isn’t, It’s, David Gladstone, Gladstone, Cory Booker, Bruce Sherrick, Leah Douglas, Richard Valdmanis, Anna Driver Organizations: Investment, Reuters, Manulife Investment Management, National Council of Real Estate Investment, United Nations, U.S . Department of Agriculture, Lawmakers, Senate, National Defense, Farmers National Company, Missouri Rural Crisis Center, USDA, Gladstone, Agriculture Committee, TIAA, Research, University of Illinois, Thomson Locations: U.S, United, China, Russia, Iran, North Korea, Missouri

☆ The consequences of old, powerful politicians refusing to let go
▼ + stars: | 2023-09-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Most people don’t want to work into their 80s and 90s, but the powerful in Washington refuse to let go. “Anybody who thinks that if I step down, Obama could appoint someone like me, they’re misguided,” she told Elle in 2014. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. What voters like most of all is what they knowThe most powerful force in American politics isn’t age or ideas, but rather incumbency. Everyone may have to work longer in the futureAmerican life expectancy, despite advances in medical care, was 77.4 in 2020.

Persons: Sen, Dianne Feinstein, California Democrat –, –, Gavin Newsom, Feinstein, Mitch McConnell, Nancy Pelosi, Pelosi, ” Pelosi, CNN’s Anderson Cooper, ”, “ He’s, Mitt Romney, ” Romney, Biden, Donald Trump, George H.W, George H.W . Bush, Clarence Thomas –, Thurgood Marshall, Marshall, ” Marshall, Bill Clinton, Ginsburg, Ruth Bader Ginsburg, Obama, “, Elle, Barack Obama, Amy Coney Barrett, Antonin Scalia, Nikki Haley, Trump, Haley, Ronald Reagan, Harry Enten, midterms, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd, John McCain Organizations: CNN, California Democrat, California Gov, Capitol, Republican, Republicans, KGO, Utah Republican, Democrat, Former South Carolina Gov, Trump, Senate, Arizona Republican, Social Security Locations: Washington, California, Francisco, Utah, George H.W ., Former, West Virginia

AUSTIN, Texas (AP) — Closing arguments were set for Friday in Texas Attorney General Ken Paxton's impeachment trial that has pushed the embattled Republican to the brink of removal over charges of corruption and bribery. A verdict from the Texas Senate could arrive as soon as Friday. It is unclear how quickly the state Senate could reach a verdict, but Republican Lt. Gov. Paxton's impeachment trial has focused on the testimony of his former staff, including a group of senior deputies who reported the attorney general to the FBI in 2020, accusing him of breaking the law to help Paul. If convicted, Paxton would become Texas' first statewide official convicted on impeachment charges in more than 100 years.

Persons: Ken Paxton's, Paxton, “, ”, Austin Kinghorn, Convicting, Sen, Angela Paxton, Gov, Dan Patrick, Donald Trump, ” Trump, Austin, Nate Paul, Paul, Tucker Carlson, ___ Bleiberg, Ken Paxton, paxton Organizations: Texas, Republican, Republicans, Texas Senate, Representatives, FBI, Texas Republicans, Fox News, Trump Locations: AUSTIN, Texas, It’s, Great State of Texas, Maine, Dallas

2 Senate Republican said on Wednesday. That will be particularly challenging as some hard-line House Republicans are vowing to withhold votes for a stopgap, known as a "continuing resolution," without which the government could shutdown beginning in October. The Senate is only now beginning to move forward on its first spending legislation, which the House managed to pass only one bill before Republican infighting consumed the process. Thune said the Senate is giving the 222-212 Republican House majority room to maneuver on spending for now, but warned that failure to make progress soon could force Congress to resort to an omnibus bill that Republicans have vowed to avoid. Democratic Senate incumbents are vulnerable in as many as eight states next year, while Republicans are not at risk.

Persons: John Thune, Julia Nikhinson, It's, We've, Kevin McCarthy, Joe Biden, Thune, They've, David Morgan, Richard Cowan, Scott Malone, David Gregorio Our Organizations: Reuters, U.S, Capitol, REUTERS, Rights, Congress, Republican, Republicans, U.S . Capitol, Democratic, Republican House, South Dakota Republican, Senate Republicans, Thomson Locations: Washington , U.S

☆ Same old story with aging politicians
▼ + stars: | 2023-07-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The freeze is not an isolated incidentEarlier this year, McConnell could not hear reporters at a different news conference. Plus, McConnell is known to have fallen at least three times in the past year, according to CNN’s Manu Raju. His fall at the Waldorf Astoria in Washington led to a concussion and broken ribs that sidelined him for weeks. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. The only other longer-serving senator is Sen. Charles Grassley, who is 89, and who won an eighth term last November.

Persons: it’s Mitch McConnell, McConnell, CNN’s Manu Raju, Raju, Feinstein, Sen, Dianne Feinstein, Democratic Sen, Patty Murray, John Fetterman, Nikki Haley, Joe Biden’s, Biden, ’, Donald Trump, Haley, Barack Obama, Ronald Reagan, Harry Enten, midterms, hasn’t, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd Organizations: CNN, Republican, Senate, Hill, Reagan National Airport, Capitol, Feinstein Democrats, Democratic, Pennsylvania, Former South Carolina Gov, Republicans, Trump, Voters, Social Security, GOP, West Virginia Locations: convalesce, Finland, Washington, Kentucky, California, Former

☆ Telling Dianne Feinstein to resign is sexist and 'unprecedented,' women Democratic senators say
▼ + stars: | 2023-04-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

But Democratic women in the Senate say gender is playing a role in how her absence is being handled. But women Democratic senators told Insider at the Capitol on Wednesday that they believe sexism is at play and that the chamber's longest-serving Democrat is being held to an unfair standard because she is a woman. More recently, Democratic Sen. John Fetterman of Pennsylvania was recently absent from the chamber for six weeks as he sought treatment for clinical depression. "I think it's important for Senator Feinstein to do what is what is best for her," said Democratic Sen. Jeanne Shaheen of New Hampshire. "I just believe that it's not somebody else's assessment to make; it's her assessment to make," said Democratic Sen. Tammy Baldwin of Wisconsin.

☆ Opinion | Vaccines, Inflation, Abortion: 2022 in Charts
▼ + stars: | 2022-12-30 | by ( Steven Rattner | ) www.nytimes.com time to read: +16 min

By the end of 2022, 23 percent of American women resided in states with effective bans on abortion. June 2022 March 2022 Dec. 2021 Sept. 2022 Dec. 2022 Fed Funds Rate 6% 5 4 3 2 1 2022 2023 2025 2024 Longer run Unemployment 5% 4 3 2 1 2022 2023 2025 2024 Longer run G.D.P. Growth 4% 3 2 1 2022 2023 2025 2024 Longer run Core Inflation 5% 4 3 2 1 2022 2023 2025 2024 Sept. 2022 June 2022 March 2022 Dec. 2021 Dec. 2022 Fed Funds Rate G.D.P. Growth 4% 6% 5 3 4 3 2 2 1 1 2022 2023 2025 2022 2023 2025 2024 2024 Longer run Longer run Core Inflation Unemployment 5% 5% 4 4 3 3 2 2 1 1 2022 2023 2025 2022 2023 2025 2024 2024 Longer run Source: Federal Open Market CommitteeThe sustained period of high inflation left the Fed playing catch-up, as it had initially believed that the surge would prove transitory. 150 100 Xi Jinping addresses in 2017 & 2022 50 1982-2012 Economy Military Market Technology Reform Security Source: Capital EconomicsThen there was China: Our biggest source of imported goods became ever more clearly our biggest strategic adversary.

☆ For retirement-system changes proposed in Congress via 'Secure 2.0,' December is do-or-die time
▼ + stars: | 2022-11-21 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

While no specific agenda has been released yet, supporters of the retirement-change proposals collectively called "Secure 2.0" are hopeful that it will be among the pieces of legislation that make it across the finish line. Increasing the extra amounts — so-called catch-up contributions — that individuals age 50 or older can put in their retirement accounts. watch nowThis year, the House passed its version of Secure 2.0, the Securing a Strong Retirement Act (H.R.2954), in late March with a bipartisan vote of 414-5. Secure 2.0 could be attached to a must-pass billAssuming that Secure 2.0 wouldn't get floor time for a vote on its own, supporters are hoping legislators will attach it to a must-pass bill this year. In September, Congress passed a stopgap measure to fund the government's 2023 fiscal year, which started Oct. 1, through Dec. 16.

REUTERS/Mary F. CalvertPHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) - Senate incumbents including Democratic leader Chuck Schumer and senior Republican John Thune won re-election in Tuesday's U.S. midterm elections, on a day Republicans were expected to wrest control of Congress away from President Joe Biden's Democrats. Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. The final outcome, particularly control of the 50-50 Senate, is unlikely to be known any time soon. Democrats currently control that chamber through Vice President Kamala Harris' tie-breaking vote. The Georgia race could end up in a Dec. 6 runoff to determine which party holds the Senate.

☆ Wisconsin’s Ron Johnson Showing Strength in State Biden Won
▼ + stars: | 2022-10-12 | by ( John Mccormick | ) www.wsj.com time to read: 1 min

MUSKEGO, Wis.—Ron Johnson started 2022 as his party’s most vulnerable Senate incumbent because he was the only Republican member running in a state President Biden won, had tepid poll numbers, and a history of making controversial statements that help animate his opposition. Less than a month before Election Day, polling shows he is the narrow favorite to hold his Wisconsin seat, which would be a significant boost for Republican hopes of winning the chamber.

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