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☆ Quad group expands maritime security cooperation at Biden's farewell summit
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +5 min

US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad Ministerial Meeting at the Iikura Guest House in Tokyo on July 29, 2024. The leaders announced joint coast guard operations next year that will include Australian, Japanese and Indian personnel spending time on a U.S. coast guard vessel. The leaders' joint statement included sharp language about North Korea, condemning its ballistic missile launches and "malicious cyber activity." "But I think China's recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation," she said. Before the summit, Albanese met with Biden at his home and discussed bilateral cooperation between the two close allies across defense and security, including in the Indo-Pacific.

Persons: Antony Blinken, Penny Wong, Yoko Kamikawa, Subrahmanyam Jaishankar, Joe Biden, Biden, Fumio Kishida, Narendra Modi, Anthony Albanese, Xi Jinping, he's, Lisa Curtis, Kishida, Modi, Albanese, Donald Trump, Kamala Harris Organizations: Australia's Foreign, Japan's, India's, of, Indian, Australian, Pacific Partnership, Maritime Domain, House, Analysts, East China Seas, East China, U.S, China, Center, New, New American Security, congressional Locations: Tokyo, of Australia, India, Japan, United States, China, Delaware, U.S, Beijing, South China, South, East, Taiwan, Philippines, Brunei, Malaysia, Vietnam, North Korea, Islands, Southeast Asia, Asia, New American, Australia, Philadelphia

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

Senior Biden administration officials told reporters ahead of the meeting that the leaders would announce plans to expand an Indo-Pacific Partnership for Maritime Domain Awareness, launched two years ago to include the Indian Ocean region. Analysts said the expected outcomes would mostly build on work that has already been done within the Quad, which Biden elevated to summit level in 2021. It is true in the South China Sea, the East China Sea, South China, South Asia and the Taiwan Strait,” Biden continued. “But I think China’s recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation,” she said. Albanese told reporters on Thursday that Canberra and Washington share concerns about China’s security ambitions in Pacific islands countries where Beijing is seeking a growing policing role.

Persons: Joe Biden, Biden, Anthony Albanese, Narendra Modi, Fumio Kishida, Saturday’s, “, ”, Antony Blinken, he’s, ” Biden, Xi Jinping, Jake Sullivan’s, Sullivan, ” Sullivan, “ It’s, Lisa Curtis, Kishida, “ We’re, Donald Trump, Kamala Harris, Albanese, “ We’ll Organizations: United States, Australian, Anthony Albanese , Indian, Japanese, Biden, Pacific Partnership, Maritime, Indian, U.S . Coast Guard, Journalists, China’s, People’s Republic of China, Analysts, East China Seas, Center, New, New American Security, White House, CIA, State Department, congressional Locations: Australia, India, Japan, China, Anthony Albanese ,, Wilmington , Delaware, Southeast Asia, South China, East China, South Asia, Taiwan Strait, People’s Republic of, South, East, Beijing, Asia, New American, U.S, Canberra, Washington, Pacific

The largest single-contributor donations went to MAGA Inc., the super PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group. On the Democratic side, tech entrepreneurs were the biggest donors to FF PAC, also known as Future Forward, a super PAC backing Harris’ presidential bid. Moskovitz donated $3 million to FF PAC, while Hastings, Jeff Lawson and Erica Lawson each gave $1 million. Super PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings because, unlike campaigns and their affiliated committees, super PACs don’t have limits on how much individuals can donate. Yass and Uihlein are both major GOP megadonors who have given to Club for Growth and other conservative groups for multiple election cycles.

Persons: Kamala Harris, Donald Trump, Diane Hendricks, Howard Lutnick, Cantor Fitzgerald, Paul Singer, Annette Caldwell Simmons, Harold Simmons, Warren Stephens, Harris, Leon Neal, Dustin Moskovitz, Reed Hastings, Twilio, Jeff Lawson, Erica, Moskovitz, Erica Lawson, Hastings, Joe Biden, Hendricks, Jeff Yass, Richard Uihlein, Amos Hostetter Jr Organizations: Democrats, Republicans, Federal, MAGA Inc, PAC, Trump, GOP, Elliott Management, Stephens Inc, Democratic, FF PAC, Facebook, Netflix, Growth, Susquehanna International Group, for Growth, House, Congress, Continental Cablevision Locations: Wisconsin, Hastings, Lutnick, Yass, Uihlein

☆ Trump rallies in North Carolina as controversy engulfs his handpicked candidate for governor
▼ + stars: | 2024-09-21 | by ( Eric Bradner | ) edition.cnn.com time to read: +6 min

Robinson, the current North Carolina lieutenant governor, referred to himself as a “black NAZI,” expressed support for reinstating slavery, made repeated graphic sexual comments and more. Trump defeated Joe Biden by 1 point in North Carolina in 2020. North Carolina is an vital part of that plan. However, the lieutenant governor has been to most, if not all, of Trump’s recent North Carolina events. The question, though, is whether a poor performance by Robinson would drag down other members of the party’s ticket in North Carolina, including Trump.

Persons: Donald Trump, Mark Robinson –, Trump, Martin Luther King Jr, –, Robinson, ”, Kamala Harris, Harris, Martin Luther King, Josh Stein, Joe Biden, Karoline Leavitt, Trump’s, Biden, “ Martin Luther King, “, ‘, ” Trump, they’d, Kari Lake, Herschel Walker, Doug Mastriano, Bill Lee, Thom Tillis, Republicans “, ” Tillis, Mark Robinson, Erick Erickson, ” Erickson, Treene, Terence Burlij, Aaron Pellish Organizations: CNN, Republican, NAACP, North, NAZI, Democratic, GOP, Trump, Electoral, Sun, White, Carolina, Republicans, North Carolina governor’s, Tennessee Gov, Republican Governors Association, NC Locations: North Carolina, Arizona, Georgia, Nevada, Wilmington, Asheville, Asheboro, Greensboro, Pennsylvania, Walker, Lake

☆ Harris’ cash edge funds advertising blitz as Elon Musk cuts big check to House Republicans, new filings show
▼ + stars: | 2024-09-21 | by ( David Wright | Fredreka Schouten | ) edition.cnn.com time to read: +6 min

The Harris campaign also dramatically outspent the Trump campaign in August, burning through about $174 million. By comparison, Trump’s campaign spent just $61 million last month, with the lion’s share – more than $47 million – going toward media buys. The Trump and Harris campaigns are aligned with an array of committees that file disclosure reports on a separate schedule. The Trump campaign, as CNN has previously reported, has opted to outsource much of its ground game operation to outside organizations. The super PAC spent more than $77 million in August, including nearly $62 million on independent expenditures to benefit the vice president’s campaign.

Persons: CNN — Kamala Harris, Donald Trump, Elon Musk, Harris, Trump, outraised, Joe Biden, Biden, –, Kevin Mohatt, Diane Hendricks, Paul Singer, Dustin Moskovitz – Organizations: CNN, Democratic, Congress, Republican, GOP, Federal, Trump, Republicans, Democratic Congressional, National Republican Campaign, PAC, National Republican, Democratic Senatorial, MAGA Inc, FF PAC, Harris, Facebook Locations: Washington ,, Wisconsin

As governor, Mr. Evans increased aid for higher education and was instrumental in the creation of a state community college system. In 1970, Washington became the first state to create a Department of Ecology. When urban riots convulsed the nation, he went into Seattle’s poor neighborhoods and set up centers to deliver state services. Using executive powers, he established the Washington State Indian Affairs Commission in 1967 and the State Women’s Council in 1971. In 1969, he named the first Black members to the boards of the University of Washington and Seattle Community College.

Persons: ”, “, George H.W, George H.W . Bush, ‘, Gerald R, Ford, Evans, Nixon, Rockefeller, Bob Dole, Jimmy Carter, Thomas S, Foley, Evans “ Organizations: Ecology, Washington State Indian Affairs Commission, State Women’s Council, University of Washington, Seattle Community College, Democratic Locations: George H.W ., Bob Dole of Kansas, Washington

☆ Trump grapples with fallout from Mark Robinson’s latest scandal: From the Politics Desk
▼ + stars: | 2024-09-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, we look at how Donald Trump is handling the political fallout from CNN's bombshell report on North Carolina gubernatorial candidate Mark Robinson. “North Carolina is a vital part of that plan. Additionally, Republican members of the North Carolina congressional delegation, including Sens. The political fallout from Robinson’s past comments could be particularly tough for Trump because of the importance of North Carolina as one of seven key swing states on the presidential map. The DNC launched digital ads and billboards featuring Trump heaping praise on Robinson, while a new Harris campaign ad links Trump to Robinson’s past anti-abortion comments.

Persons: Donald Trump, Mark Robinson, Kristen Welker, Trump, Matt Dixon, Katherine Doyle, Olympia Sonnier, Kristen Welker Donald Trump, Robinson, Martin Luther King, Trump’s, ” Trump, Karoline Leavitt, Biden, Harris, Ted Budd, Thom Tillis, Michael Whatley, Ben Kamisar, What’s, Joe Biden’s, Kamala Harris, I’m, they’ve, Bridget Bowman, Emma Barnett, Alex Tabet, Katherine Koretski, “, ”, Kenneth Hauck, Harris ’, Hauck, ” Norna, Read Organizations: NBC, White House, Capitol, North Carolina, NBC News, CNN, White, Trump, North, Republican National, DNC, “, Press Locations: “ North Carolina, North Carolina, Sens, Wilmington , North Carolina, Michigan , Pennsylvania, Wisconsin, San Diego, Florida

Donald Trump is facing calls both from his allies and from within his own campaign to pull his endorsement from scandal-plagued North Carolina gubernatorial candidate Mark Robinson, according to four people familiar with the discussions. “North Carolina is a vital part of that plan. Additionally, Republican members of the North Carolina congressional delegation, including Sens. Ted Budd and Thom Tillis, and Republican National Committee Chairman Michael Whatley, who is from North Carolina, planned to privately urge Trump to pull his endorsement of Robinson, according to a person familiar with the conversations. Recent polling has had Trump in a statistical dead heat with Vice President Kamala Harris in the state, at roughly 48%.

Persons: Donald Trump, Mark Robinson, Robinson, “, Trump, Martin Luther King, Trump’s, ” Trump, Karoline Leavitt, Biden, Harris, ”, Ted Budd, Thom Tillis, Michael Whatley, Budd, Tillis, Whatley, —, ” Robinson, Clarence Thomas, “ Robinson, Kamala Harris, outperforms Robinson, Josh Stein, Robinson’s, Roy Moore, Madison Cawthorn’s, Herschel Walker Organizations: North Carolina, CNN, White, Trump, NBC News, North, Republican National, Republican, Republican Governors Association, North Carolina Rep, Georgia Senate Locations: “ North Carolina, North Carolina, Sens, Wilmington , North Carolina, Alabama, Georgia

Some lawmakers have called for more Secret Service funding, while others said the Secret Service could be more effective by shifting resources. But if it's signed into law, Trump and Harris would be granted the same standard of Secret Security protection as President Joe Biden. Biden said this week that the Secret Service "needs more help" and called on Congress to act. And both Senate Majority Leader Chuck Schumer, D-N.Y., and Speaker Mike Johnson, R-La., have committed to getting the Secret Service what they need. Sen. John Cornyn, R-Texas, said he wants the Secret Service to provide “clarification of what the current practices are” to confirm that.

Persons: Donald Trump, Trump, Kamala Harris, Mike Lawler, Ritchie Torres, it's, Harris, Joe Biden, “, ” Lawler, ”, Biden, Chuck Schumer, Mike Johnson, GOP Sen, Rick Scott of, ” Scott, Sen, John Cornyn, President Trump, Cornyn, Dick Durbin, ” Torres, Durbin, Torres, Joe Raedle, Ryan Wesley Routh, Ronald Rowe, Rowe Organizations: WASHINGTON —, Service, GOP, FBI, Scott's, Act, “, Democratic, Senate, Trump International Golf, Secret, Trump, Secret Service Locations: U.S, —, Rick Scott of Florida, America, Texas, Butler , Pennsylvania

☆ Maine Democrats have likely run out of time to change Electoral College laws if Nebraska GOP acts
▼ + stars: | 2024-09-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +6 min

LINCOLNVILLE, Maine — As Republicans in Nebraska consider changing state law to give Donald Trump an extra Electoral College vote this fall, their Democratic counterparts in Maine have little recourse to even the score. In 2020, Trump won one electoral vote from Maine’s rural 2nd Congressional District and is heavily favored to do so again, while Joe Biden won one from Nebraska’s Omaha-based 2nd Congressional District. And Maine GOP leaders have already signaled they have no interest in helping Democrats do away with their unusual formula for awarding electoral votes. “Maine has the gold standard of presidential election processes in the United States,” state House Minority Leader Billy Bob Faulkingham told the Bangor Daily News on Thursday. But unlike the previous times, there no longer appears to be a good way for Maine — and therefore national Democrats — to counter a change in Nebraska.

Persons: Donald Trump, Trump, Joe Biden, Sen, Lindsey Graham, Billy Bob Faulkingham, “, ”, Kamala Harris, Harris, Biden, Harris ’, JD Vance, Democrats —, Dan Ankeles, ” Alex Seitz, Wald, Ben Kamisar Organizations: Republicans, Electoral, Democratic, Republican, Nebraska Republicans, Maine Democrats, Trump, Congressional, Maine Legislature, Maine GOP, Bangor Daily, Electoral College, Representatives, Maine, Democrats, National Locations: LINCOLNVILLE, Maine, Nebraska, Nebraska’s Omaha, “ Maine, United States, Bangor, Pennsylvania, Michigan, Wisconsin, R, Ohio, Lincolnville, Washington ,

☆ The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
▼ + stars: | 2024-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Read previewSeptember 30 could be a consequential day for the US economy if two major negotiations don't get hammered out in time. Congress must pass a stopgap spending bill by the last day of this month to avoid a partial government shutdown. September 30 is also the deadline for the International Longshoremen's Association and several East Coast and Gulf Coast ports to strike a contract. A government shutdownThe rejection of Johnson's plan on Wednesday ratcheted up tensions in Congress as the September 30 deadline draws ever nearer. This would pause the strike while negotiations continued.

Persons: —, there's, Mike Johnson, Johnson, There's, Donald Trump, Mitch McConnell, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, Business, GOP, United States Maritime Alliance, Street, White House, Washington Post, Street Journal, Social Security, Medicare, Congressional, Office, International Longshoremen's, Retail Industry, Association Locations: East Coast, Gulf Coast, Maine, Texas, West Coast, RILA

☆ US Navy's new submarines are 'in crisis' as costs balloon by $17 billion, lawmaker says
▼ + stars: | 2024-09-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The news comes after a major report earlier this year revealed the Navy's biggest projects, including new Virginia-class submarines, were facing severe delays of up to three years. Absent today's intervention, I have zero confidence that Navy shipbuilding will get back on track." The Navy attributed shipbuilding delays across its top programs to COVID-19's impact on the workforce and supply chain. "Somehow, the Navy continues to assert that commitments to INDOPACOM and our AUKUS partners remain on track" despite Virginia-class delays, he said. Virginia-class submarines are considered vital to the US' role in deterring and, if necessary, fighting China.

Persons: —, Ken Calvert, Calvert, Carlos Del Toro, Christopher Kastner, Politico, Del Toro Organizations: Service, Business, Navy, California Republican, General Dynamics Corp, Huntington Ingalls Industries, U.S . Navy, Shipyard, White, DOD, Pentagon, US Navy Public Affairs, Columbia, US Navy, US, Royal Australian Navy Locations: Virginia, California, Columbia, China, Australia

☆ Republicans are trying to make a last-minute change to the Electoral College to make it easier for Trump to win
▼ + stars: | 2024-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewWith less than two months to go before the 2024 election, top Republicans and allies of former President Donald Trump are pushing for a last-minute change to the Electoral College. The GOP effort centers on Nebraska, a traditionally Republican state that awards its Electoral College votes in an unusual way. AdvertisementThe Electoral College mathUnder the Electoral College, a candidate needs to win 270 votes — a majority of the 538 total electors — in order to win. AdvertisementMaine earlier this year threatened to switch to a winner-take-all system for Electoral College votes if Nebraska did the same. How one vote could change the electionAs Graham noted, just one Electoral College vote is at stake in Nebraska.

Persons: —, Donald Trump, Kamala Harris, Joe Biden, Biden, Harris, Sen, Lindsey Graham of, Graham, Trump, There's, he's, it's, That's, Jen O'Malley Dillon, Jim Pillen Organizations: Service, Electoral College, Business, Electoral, Biden, Trump, Lindsey Graham of South Carolina, CBS, Nebraska, Democratic, Maine's, Sun, Representatives, Republicans, Republican Gov, Nebraska Examiner, GOP Locations: Nebraska, Omaha, Lindsey Graham of South, Lincoln, Pennsylvania, Michigan, Wisconsin, Nevada , Arizona, Georgia, North Carolina, Maine, Trump, Maine's, Nevada, state's

☆ Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX 'for trivia'
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose "petty" fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA's proposed $633,009 fine for SpaceX. "NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia!" In his rebuke of the FAA and Boeing, Musk also reposted SpaceX's Wednesday letter to top congressional leaders. Representatives of SpaceX, Boeing and the FAA didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Elon Musk, Musk, Marc Nichols, He's, Donald Trump's, DOGE —, Butch Wilmore, Suni Williams Organizations: Service, Federal Aviation Administration, FAA, Boeing, SpaceX, Business, NASA, Trump, Boeing Starliner, Station, Starliner, Polaris Locations: American, New Mexico

☆ Trump presses to change Nebraska election law, in fight for a sole electoral vote
▼ + stars: | 2024-09-20 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +6 min

Jim Pillen to discuss the feasibility of overturning a 30-year law, which awards electoral votes by congressional district, rather than statewide winner-take-all. The former president called into the meeting briefly, a GOP official told CNN, hoping to win support and impress upon them the importance of a single electoral vote. It’s yet another sign of just how close the election against Vice President Kamala Harris could be, with one electoral vote from an Omaha-area congressional district emerging as potentially pivotal. Democrats are less optimistic about a Maine sweep, party officials say, than winning one of Nebraska’s electoral votes. Time has run out for Maine to change its law, state officials have said, with 90 days required for any legislation to take effect.

Persons: Donald Trump, Trump, Jim Pillen, Republican Sen, Lindsey Graham of, Kamala Harris, Harris, “, ” Graham, ” Trump, Joe Biden, Pillen, ” Pillen, Sen, Mike McDonnell, Barry Rubin, “ Sen, McDonnell, ”, Tony Vargas, Don Bacon, ” Bacon, Jane Kleeb, ” Kleeb, CNN’s Alayna Treene, David Wright, Morgan Rimmer Organizations: CNN, Republican, Nebraska GOP, Republican Gov, GOP, White, Nebraska, The Washington Post, Nebraska Legislature, “, WTA, Democratic, GOP Rep, Nebraska Democratic, Trump, Nebraskans, Republicans Locations: Nebraska, Lindsey Graham of South Carolina, Omaha, Wisconsin , Michigan, Pennsylvania, Maine

Graham, acting on behalf of the Trump campaign, was working to encourage Pillen to call a special legislative session at which lawmakers could consider changing the state's apportionment of electoral votes, the source said. Nebraska allocates its electoral votes by congressional district. That one electoral vote could prove decisive. Maine is the only other state that does not have a winner-take-all system for electoral votes. The Democratic state House majority leader has said the state should consider switching to a winner-take-all electoral vote system itself as a counter if Nebraska moves to change its system.

Persons: Sen, Lindsey Graham, Jim Pillen, Graham, Trump, Donald Trump, Kamala Harris, Pillen, Nebraskans Organizations: Nebraska Gov, KOLN, Electoral, Trump, U.S . House, Republicans, Republican, Nebraska, Democratic Locations: Nebraska, Omaha, Lincoln, Michigan, Pennsylvania, Wisconsin, Maine

☆ Schumer takes steps to prevent shutdown as Speaker Johnson’s next move unclear
▼ + stars: | 2024-09-19 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

GOP presidential nominee Donald Trump has called for Republicans to shut down the government if they can’t pass the voting measure known as the SAVE Act. Many Democrats are pushing for an extension into December that would not include the SAVE Act, which is viewed as a non-starter in the Senate. “House Republicans don’t seem to have any plan for actually keeping the government open, so the Senate will step in,” Schumer said in floor remarks. “Many Republican House members, as many of you have reported, are smart enough to know if there is a shutdown, it will be a Republican shutdown. There never is a shutdown — hardly ever is a shutdown,” said Senate Majority Whip Dick Durbin, a Democrat from Illinois.

Persons: Chuck Schumer, Mike Johnson, Johnson, “ I’m, ” Johnson, we’ll, John Thune, Thune, ” Schumer, Schumer, “, ”, Donald Trump, Republicans don’t, ” “, I’m, ” Trump, isn’t, Dick Durbin, CNN’s Morgan Rimmer Organizations: Washington CNN, GOP, CNN, Republicans, SAVE, “, Trump, Truth, Republican Locations: Illinois

☆ ‘Hidden Figures’ of the space race receive Congress’ highest honor at medal ceremony
▼ + stars: | 2024-09-19 | by ( Associated Press | ) edition.cnn.com time to read: +1 min

AP —The hidden figures of the space race were recognized with Congress’ highest honor at a medal ceremony on Wednesday. The Congressional Gold Medal was presented to the families of Katherine Johnson, Dorothy Vaughan, Mary Jackson and Christine Darden at the US Capitol. The Black women hired worked in a segregated unit of female mathematicians at what is now NASA’s Langley Research Center in Virginia. She was awarded the Presidential Medal of Freedom in 2015 – the nation’s highest civilian honor. Vaughan rose to become NASA’s first Black supervisor and Jackson was NASA’s first Black female engineer.

Persons: Katherine Johnson, Dorothy Vaughan, Mary Jackson, Christine Darden, ”, Margot Lee Shetterly, Hakeem Jeffries, Mike Johnson, Wanda Jackson, Andrew Harnik, NASA –, John Glenn, Vaughan, NASA’s, Jackson, Darden Organizations: Capitol, Darden, Advisory Committee, Aeronautics –, NASA, Langley Research Locations: Connecticut, U.S, Langley, Virginia

☆ A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
▼ + stars: | 2024-09-19 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The HOMES Act would establish a new federal housing development authority charged with building and rehabilitating more than a million permanently affordable homes. This so-called "social housing" is notably different from traditional public housing, which is entirely reserved for the poorest households. Rent for all tenants in social housing would be capped at 25% of their income. "There is another way: social housing," Ocasio-Cortez and Smith said in their op-ed. And in California, lawmakers introduced a bill to construct mixed-income social housing on government-owned land.

Persons: —, Alexandria Ocasio, Sen, Tina Smith, Cortez, Gianpaolo Baiocchi, Smith, Baiocchi, Emily Gallagher's, Kamala Harris, she's, Donald Trump, Smith —, Harris, Walz Organizations: Service, New, New York Democrat, Minnesota Democrat, Senate, Business, Urban Democracy Lab, New York Times, New York Locations: Alexandria, Cortez, New York, Minnesota, New, California, Vienna

☆ Why Trump’s election fraud falsehoods might cost the GOP the House
▼ + stars: | 2024-09-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump’s obsession with election fraud that doesn’t exist in any significant form could drive the country into a government shutdown — and may even put the Republican House majority at risk. But given the tiny House GOP majority and Trump’s looming presence, every step the speaker takes will be perilous – especially if he hopes to cling to his job if Republicans succeed in holding the House in November. Trump seems to be setting the GOP up for an intra-party fight that could turn into a disaster in November. Win McNamee/Getty ImagesA potential self-inflicted wound for the GOP in Trump’s birth stateIronically, Trump was on Wednesday in the state where his stand could wreak the most political damage for House Republicans. Johnson has been happy to indulge Trump’s voter fraud claims – both after the 2020 election and this cycle.

Persons: Donald Trump’s, Mike Johnson, Trump, Johnson, shutdowns, isn’t, Mitch McConnell, ”, Win McNamee, Mike Lawler, Kaitlan Collins, ” Lawler, Marc Molinaro, ” Molinaro, –, we’ll, Marjorie Taylor Greene, Johnson –, —, Kevin McCarthy, Kamala Harris, Republicans don’t, Donald Trump, Frank Franklin II, it’s, relishes, Harris, Joe Biden’s, ” Trump Organizations: CNN, Republican, GOP, Democrats, Capitol, House Republicans, Congressional, New York Republican, Louisiana Republican, Georgia Republican, Democratic, Social Network, Republicans, SAVE, Nassau Coliseum, Trump, New, New York, State, Teamsters Union, “ Locations: Washington, Kentucky, New York, Uniondale, Uniondale , New York, Long, New York City, New, Florida

☆ Billie Jean King to become first solo female athlete to receive Congressional Gold Medal
▼ + stars: | 2024-09-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

WASHINGTON — Billie Jean King will become the first individual female athlete to be awarded the Congressional Gold Medal. Reps. Brian Fitzpatrick of Pennsylvania and Mikie Sherrill of New Jersey announced Tuesday that their bipartisan legislation had passed the House of Representatives and would be sent to President Joe Biden for his signature. The bill to honor King, the tennis Hall of Famer and activist, had already passed unanimously in the Senate. The medal, awarded by Congress for distinguished achievements and contributions to society, has previously been given to athletes including baseball players Jackie Robinson and Roberto Clemente, and golfers Jack Nicklaus, Byron Nelson and Arnold Palmer. King had already been awarded the Presidential Medal of Freedom in 2009.

Persons: WASHINGTON, Billie Jean King, Brian Fitzpatrick, Mikie Sherrill, Joe Biden, King, Sherrill, King’s, Bobby Riggs, ”, Jackie Robinson, Roberto Clemente, Jack Nicklaus, Byron Nelson, Arnold Palmer, Fitzpatrick Organizations: of Famer, Republican, NBC Locations: Pennsylvania, Mikie Sherrill of New Jersey, “

WASHINGTON — House Republicans on Wednesday are expected to derail their own plan to avert a government shutdown at the end of the month, with the party divided over the length of a short-term funding bill and what, if anything, should be attached to it. Democrats, who want a “clean” three-month funding patch with nothing attached, and nearly all plan to vote no. But the overwhelming majority of rank-and-file Republicans back Johnson’s move, saying holding the vote will put lawmakers on record. Everyone.”Davidson, who was ousted in July from the far-right House Freedom Caucus, lamented that Republicans have failed to unify behind a plan weeks before the election. That would buy time for bipartisan negotiators to strike a longer-term funding deal during the lame-duck session for fiscal year 2025 — if a short-term bill can pass the House.

Persons: Mike Johnson’s, Donald Trump, ’, —, noncitizens, Johnson, he’s, Mike Rogers, Warren Davidson, ” Davidson, “, ”, Trump, ” Johnson, Joe Biden, Chuck Schumer, John Duarte, Mitch McConnell, McConnell, Tom Cole, Schumer, Cole, he's Organizations: WASHINGTON —, Republicans, Wednesday, SAVE, CRs, Armed, ”, Caucus, CNBC, Democrats, Democratic, GOP Locations: Ohio, Ky

☆ Harris wants to limit child care costs to 7% of family income
▼ + stars: | 2024-09-18 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

Harris responded that she’d cap child care costs at 7% of working families’ income, following the Biden administration playbook that she was heavily involved in writing. “My plan is that no family, no working family, should pay more than 7% of their household income in child care,” Harris said Tuesday at a National Association of Black Journalists event, noting that steep child care expenses make it difficult for many parents to work. Child care advocates were buoyed by Harris’ answer on Tuesday. Parents with two kids in a child care center paid on average at least twice as much for that care as they did for the typical rent in 11 states and the District of Columbia in 2023, according to a Child Care Aware of America report released in May. That equates to 10% of median household income for a married couple with children and 32% of median income for a single parent with children, Child Care Aware found.

Persons: Donald Trump, Sen, JD Vance, Kamala Harris, Harris, Biden, playbook, ” Harris, Joe Biden’s, ”, Harris ’, Melissa Boteach, ” Boteach, Trump, Vance, Charlie Kirk, you’re Organizations: CNN, National Association of Black Journalists, Congressional, Office, Department of Health, Human Services, National Women’s Law, District of Columbia, Nationwide, Economic, of New Locations: trillions, of New York, Arizona

☆ How to position your muni bond portfolio ahead of the election and potential tax law changes
▼ + stars: | 2024-09-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.

Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein

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