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The House Rules Committee voted to advance a bill dealing with the federal debt ceiling to the full House. Raising the debt limit, now $31.4 trillion, would allow Treasury to continue borrowing to pay the US's bills. Earlier, he said on "Fox and Friends" that "There's nothing in the bill for" Democrats — hardly a helpful statement for Biden. Top administration officials are heading to Capitol Hill to brief Democrats privately ahead of Wednesday's planned vote. "It is my expectation that House Republicans would keep their promise and deliver at least 150 votes as it relates to an agreement that they themselves negotiated," Jeffries said.

Persons: —, Kevin McCarthy, Joe Biden, McCarthy, Democrats —, Biden, Wednesday's, Hakeem Jeffries, Jeffries, Scott Perry, Chip Roy, Nancy Mace, Pramila Jayapal, it's, Sen, Joe Manchin, Raul Grijalva, Chuck Schumer, McConnell, Schumer, Democratic Sen, Tim Kaine, Virginia, Janet Yellen, Aamer Madhani, Seung Min Kim, Farnoush Amiri, Darlene Superville, Mary Clare Jalonick Organizations: Treasury, Service, WASHINGTON, Republicans, Democrats, Caucus, Republican, Capitol, Fox, Office, Social Security, Democratic, Freedom Caucus, Liberal, Appalachia ., Congressional Progressive Caucus, Democrat, Natural Resources Committee, Senate, Senators, House, Associated Press Locations: Washington, Texas, Appalachia, Arizona, That's

☆ Manchin's Mountain Valley Pipeline would get the green light debt ceiling deal
▼ + stars: | 2023-05-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

The conservative Democrat from West Virginia, who has been critical of the Biden administration’s environmental goals, praised the White House and congressional Republicans this week. “All of a sudden, [the White House] did their job, they negotiated. Manchin has been critical of Biden's climate goals, but praised the White House and congressional Republicans this week for their work on the debt ceiling deal. White House officials backed Manchin’s effort last year, and climate and energy officials – including White House senior adviser John Podesta and Energy Secretary Jennifer Granholm – voiced support for approving the pipeline more recently. A Hail Mary effort to remove itThere could be a last-ditch effort to undo the pipeline piece of the debt ceiling bill.

Persons: CNN — Sen, Joe Manchin’s, Virginia –, Manchin, Kevin McCarthy, ” Manchin, “, Joe Biden’s, Justin Pearson, Kent Nishimura, Biden, ”, Abdullah Hasan, West Virginia’s Marcellus, James Van Nostrand, John Podesta, Jennifer Granholm –, Chuck Schumer, Mary, Sen, Tim Kaine, “ Sen, Kaine Organizations: CNN, Democratic, Democrat, Biden, White, Republicans, West, Appeals, Fourth Circuit, Keck, Environmental, Los Angeles Times, West Virginia University, White House, Energy, DC, Senate, Virginia Democrats, House, Republican, Kaine Locations: West Virginia, Virginia, Tennessee, clawing, West, Utica, Texas

☆ DOJ sues son of West Virginia Gov. Jim Justice and his coal empire over millions in unpaid fines
▼ + stars: | 2023-05-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

The Department of Justice on Wednesday accused the son of West Virginia Gov. Jim Justice and 13 coal companies the younger Justice owns or operates of failing to pay millions of dollars in penalties for environmental violations. The Republican governor last month launched his campaign for the Senate seat held by Democratic Sen. Joe Manchin. A spokesman for Justice's Senate campaign did not immediately respond to CNBC's request for comment. Democrats weaponizing the federal government to attack the family of a Republican Senate candidate is a complete abuse of power."

Persons: Jim Justice, Jay Justice, Todd Kim, Kim, Democratic Sen, Joe Manchin, Tate Mitchell, Joe Organizations: Justice, West Virginia Gov, DOJ, Natural Resources, Republican, Democratic, Senate, National Republican, Joe Biden's Department of Justice, Republican Senate Locations: West Virginia

☆ Joe Manchin is set to get a big win out of the debt ceiling deal on a gas pipeline that Virginia Democrats and environmentalists hate
▼ + stars: | 2023-05-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Sen. Joe Manchin, a West Virginia Democrat, has long pushed for a controversial gas pipeline. The debt ceiling deal will likely force federal agencies to approve the project's remaining permits. The Democrat and his fellow West Virginia lawmakers have for years pushed for the completion of a controversial 303-mile pipeline that would carry Appalachian shale gas from northwestern West Virginia to southern Virginia. Virginia's Democratic lawmakers are staunchly opposed to the pipeline provision. He plans to file an amendment to remove this harmful Mountain Valley Pipeline provision."

Persons: Sen, Joe Manchin, —, Joe Biden, Kevin McCarthy, Manchin, McCarthy, Manchin didn't, Virginia Sens, Tim Kaine, Mark Warner, Kaine, Jennifer McClellan, Kaine doesn't, John Podesta, Tim Kaine's Organizations: West, West Virginia Democrat, Service, Democrat, Republicans, Democratic, Appeals, Circuit, Democratic House, Washington Post Locations: West Virginia, Virginia, America

☆ These companies are winners in the debt ceiling deal
▼ + stars: | 2023-05-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The debt ceiling deal in Washington did not set off a celebration in the stock market. The Sierra Club called on Congress to reject the deal and pass a clean bill to raise the debt ceiling. Wall Street is also betting lending company SoFi will cash in from the debt ceiling deal because it calls for borrowers to start paying back federal student loans at the end of the summer. IRS funding cuts, defense spending intactMeanwhile, the debt ceiling deal would shift a total of $20 billion in IRS funding from fiscal 2024 and fiscal 2025 to be used in non-defense areas. The defense industry is also emerging largely unscathed from the debt ceiling battle, unlike in 2011 when Washington agreed to significant defense spending cuts.

☆ Debt limit bill would speed completion of controversial West Virginia gas pipeline
▼ + stars: | 2023-05-30 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a West Virginia natural gas pipeline and curtail environmental reviews under one of the country's landmark environmental laws. The Mountain Valley Pipeline, which has been promoted by Sen. Joe Manchin, D-W.Va., would transport natural gas 303 miles from West Virginia to the Southeast, and part of it would cross through the Jefferson National Forest. The construction of the $6.6 billion pipeline is nearly done, though plans have been delayed for several years amid legal setbacks. Proponents say the pipeline is vital to bolstering U.S. domestic energy security, and that the plan was already near completion and set to move forward.

☆ Biden, McCarthy debt deal would speed up Mountain Valley gas pipeline
▼ + stars: | 2023-05-29 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

[1/2] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 28 (Reuters) - U.S. energy company Equitrans Midstream Corp's (ETRN.N) long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal. The pipeline is backed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in that body. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.O).

☆ Biden Interior advances renewable energy transmission projects in Nevada
▼ + stars: | 2023-05-26 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The Interior Department's Bureau of Land Management this week said it has advanced two transmission projects proposed by public utility NV Energy that would facilitate more renewable energy development and delivery in Nevada. Once completed, the projects will connect eight gigawatts of clean energy to the Western power grid. The plans would bolster the Biden administration's goal to deploy 25 gigawatts of renewable energy on public lands and waters by 2025 and achieve a carbon-free power sector by 2035. The announcement comes as Congress debates federal energy permitting overhauls, with Sen. Joe Manchin, D-W.Va., introducing a measure earlier this month to speed permitting of both fossil fuel and renewable energy projects. Transmission projects involve expanding high-voltage lines that transport renewable energy to populated areas and will play a critical role in accelerating the clean energy transition while meeting growing power demand.

☆ Dem. congressman calls 'No Labels' presidential run by Sen. Joe Manchin in a race against Biden and Trump a 'historic disaster'
▼ + stars: | 2023-05-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Democrats are nervous about a potential 'No Labels' presidential ticket, per The New York Times. Joe Manchin and Kyrsten Sinema have been brought up as potential candidates, per the report. And the possibility of more moderate political figures like Democratic Sen. Joe Manchin of West Virginia, Independent Sen. Kyrsten Sinema of Arizona, or former Gov. "If No Labels runs a Joe Manchin against Donald Trump and Joe Biden, I think it will be a historic disaster," Democratic Rep. Dean Phillips of Minnesota told The Times. Individuals with ties to Manchin are doubtful that he might surface as a No Labels candidate, per The Times.

☆ Opinion: A boast that could sink Trump
▼ + stars: | 2023-05-21 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“I’m the one that got rid of Roe v. Wade,” former President Donald Trump boasted Tuesday on Newsmax. Congress has the power to rein in the court, wrote CNN legal analyst and law professor Steve Vladeck, whose new book “The Shadow Docket” focuses on the Supreme Court. Courtesy Boaz FreundIn 2019, then-President Trump issued an executive order requiring hospitals to post the prices of common medical services and procedures. For some, its celebration of a multiracial but purely fictional British aristocracy may even be a big part of its appeal.”As escapism, “Queen Charlotte” is a success.

☆ ‘No Labels’ Eyes a Third-Party Run in 2024. Democrats Are Alarmed
▼ + stars: | 2023-05-19 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

The bipartisan political group No Labels is stepping up a well-funded effort to field a “unity ticket” for the 2024 presidential race, prompting fierce resistance from even some of its closest allies who fear handing the White House back to Donald J. Trump. The centrist group’s leadership was in New York this week raising part of the money — around $70 million — that it says it needs to help with nationwide ballot access efforts. “The determination to nominate a ticket” will be made shortly after the primaries next year on what is known as Super Tuesday, March 5, said Nancy Jacobson, the co-founder and leader of No Labels. A national convention has been set for April 14-15 in Dallas, where a Democrat-Republican ticket would be set to take on the two major-party nominees. (Mr. Biden is facing two long-shot challengers, and Mr. Trump is the Republican front-runner.)

May 18 (Reuters) - The U.S. Senate is expected to vote Thursday on whether to confirm President Joe Biden's nominee to a federal appeals court a day after Senator Joe Manchin became the first one of Biden's fellow Democrats to vote against one of his judicial picks. Her confirmation faced a new obstacle on Wednesday night when Manchin, a moderate Democrat, broke ranks to oppose advancing her nomination. Her nomination advanced Wednesday on a 50-48 vote after two Republican senators did not participate, teeing it up for final consideration by the full Senate. If Manchin again opposes Abudu during the final vote on her confirmation, Vice President Kamala Harris could be called in to break a tie. That court flipped to a majority of Republican-appointed judges under then-President Donald Trump, who picked six of the 11 active judges.

☆ Manchin Clashes With Biden Administration Over Climate Law
▼ + stars: | 2023-05-16 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

Ever since Senator Joe Manchin III, the conservative West Virginia Democrat, cast the crucial vote last year for the Inflation Reduction Act, delivering President Biden his biggest legislative victory to date, the bill has weighed him down politically. Mr. Manchin’s poll numbers in his solidly Republican and coal-rich state dropped last year after he played a critical role in writing the climate, health and tax legislation. He has since worked to rebrand the pro-environment law, telling voters it would not only combat climate change but also ensure fossil fuel production in the United States. He has professed frustration and dismay at what he calls the “radical climate agenda” that he says is driving the Biden administration’s rollout of the law. And he is still irritated that his colleagues failed to include one of his top priorities: an initiative to speed permitting of energy projects.

☆ Biden administration grants Mountain Valley Pipeline permit
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - The Biden administration has approved a permit to allow the Mountain Valley natural gas pipeline to run through the Jefferson National Forest straddling Virginia and West Virginia, Senator Joe Manchin said on Tuesday. Manchin, a conservative Democrat of West Virgina, has introduced a bill to speed fossil fuel and renewable energy projects that calls on the administration to approve Equitrans Midstream Corp's (ETRN.N) $6.6 billion Mountain Valley pipeline. The Biden administration has supported Manchin's bill as it would help renewable energy companies reap the benefit of billions of dollars of tax credits contained in last year's Inflation Reduction Act. The Mountain Valley Pipeline has been opposed by environmental activists, but won the backing of Biden administration officials, including Secretary of Energy Jennifer Granholm. The Forest Service is part of USDA.

☆ Automakers find a tax credit loophole to increase EV leasing and boost sales
▼ + stars: | 2023-05-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Buying a used Ioniq, which is produced in South Korea and Indonesia, wouldn't earn him $7,500 off through a federal tax credit. "I ran the numbers — what it would be without the leasing credit and with the leasing credit — and that kind of put me over the top and that was the main thing of why I went in that direction," he said. For a $50,000 EV and a 36-month lease, Chesbrough estimates the full $7,500 tax credit equates to $222 in monthly savings for a consumer. "It also allows them to level the playing field against competitors who get the full tax credit when purchasing." I wouldn't call it leveling the playing field," Watson said of leasing qualifying for the $7,500 tax credit.

But some areas of potential compromise emerged after a White House meeting on Tuesday. Deep disagreements remained over competing pressures for spending cuts versus tax increases. Meanwhile, the White House reiterated its backing for legislation speeding government permitting of energy projects by setting maximum timelines. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut future spending. The last time the nation got this close to default was in 2011 - also with a Democratic president and Senate with a Republican-led House.

Time is tight to avoid a historic, economically destabilizing default, which the Treasury Department has warned could come as soon as June 1, but some areas of potential compromise emerged after a Tuesday White House meeting. Deep disagreements remained over competing pressures for spending cuts versus tax increases. Meanwhile, the White House reiterated its backing for legislation speeding government permitting of energy projects by setting maximum timelines. A White House fact sheet distributed on Wednesday said the administration "supports the important reforms" contained in a bill by Democratic Senator Joe Manchin. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut spending.

"Right now, the permitting process for clean energy infrastructure, including transmission, is plagued by delays and bottlenecks. The White House is backing a bill by Manchin of West Virginia, who has grown more critical in recent months of the administration's attacks on the fossil fuel industry. The White House released a detailed fact sheet outlining reform measures its seeking, including helping clean energy projects like wind and solar get on the grid faster. Manchin's legislation sets a two-year limit on environmental reviews of major federal energy projects, including ones on fossil fuels and directs the president to designate at least 25 high-level energy projects and prioritize their permitting. The White House said it is using existing authorities to speed permitting of energy projects.

She will warn about "the global impact of this standoff and highlight the need to avoid default," a senior Treasury official said. It will lead to a freeze in global financial markets," said Muehleisen, now a fellow with the Atlantic Council. G7 counterparts will question Yellen "about the financial stability risks in the U.S., the regional banks' exposure to commercial real estate. Real risks that are not manufactured for political posturing," said Stephanie Segal, a former U.S. Treasury official who is a senior fellow at the Center for Strategic and International Studies in Washington. The far more complicated "Pillar 1" plan to allow countries to tax global technology giants and other highly profitable corporations on their local sales is still under negotiation.

☆ Joe Manchin blasts Mitch McConnell's push to go 'all out' to defeat him next year: 'This is what's wrong with this place'
▼ + stars: | 2023-05-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sen. Joe Manchin blasted Mitch McConnell over the GOP leader's plans to defeat him next year. "If you want to know what's wrong with the process, go talk to McConnell," he told CNN's Manu Raju. "This is what's wrong with this place, okay, and I have said this," Manchin said. "And if you want to know what's wrong with the process, go talk to McConnell," he continued. Still, despite the heavy Republican lean of the state, Manchin has managed to thrive where other Democrats have not been able to find success.

Senator Joe Manchin said on Wednesday he would oppose all nominees for Environmental Protection Agency (EPA) posts until President Joe Biden's administration halts what he described as its "radical climate agenda." Manchin, who represents the coal-producing state West Virginia, delivered his ultimatum a day ahead of the EPA's planned roll-out on Thursday of its new carbon emission standards for new and existing power plants. He said he worried the rules could cripple coal- and gas-fired power plants. "If the reports are true, the pending EPA proposal would impact nearly all fossil-fueled power plants in the United States, which generate about 60% of our electricity, without an adequate plan to replace the lost baseload generation," Manchin said in a statement. Reporting by Rami Ayyub; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

☆ Dianne Feinstein set to return to Senate after nearly 3-month absence
▼ + stars: | 2023-05-09 | by ( Garrett Haake | ) www.cnbc.com time to read: +2 min

Senator Diane Feinstein (D-CA), who announced she will not be seeking re-election, leaves the Senate floor after a vote on Capitol Hill in Washington, U.S., February 14, 2023. WASHINGTON — California Sen. Dianne Feinstein is returning to the Senate after a nearly three-month absence due to health problems, according to a spokesperson for the senator. With Democrats holding just a single-seat advantage in the Senate, Feinstein's absence complicated her party's efforts to confirm some of President Joe Biden's nominees. Feinstein later disputed that her absence had in any way limited the number of nominees advanced by the committee. "I'm confident that when I return to the Senate, we will be able to move the remaining qualified nominees out of committee quickly and to the Senate floor for a vote."

☆ Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer
▼ + stars: | 2023-05-09 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Biden met with congressional leaders on Tuesday to discuss raising the debt ceiling. The US could default on its debt as soon as June 1 if Congress doesn't act. "I didn't see any new movement," McCarthy told reporters following the meeting. In the hours leading up to the meetings, McCarthy told Punchbowl News that "we should just get in the room and solve this thing. If Congress fails to raise the debt ceiling, Americans could experience devastating consequences.

☆ Republicans want to push Manchin out of a reelection bid because they think he's the last Democrat who can win in deep red West Virginia: 'You can't say that it's impossible for him to win'
▼ + stars: | 2023-05-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Republicans are looking to nudge Joe Manchin out of a Senate reelection bid in 2024. Still, Republican leaders aren't dismissing Manchin, as he has withstood the GOP lean of the state. And the state Senate and state House of Delegates, which had robust Democratic majorities just over a decade ago, now have GOP supermajorities. But if Manchin does run, Republicans should expect a tenacious campaigner who has shown that he won't be outworked. "He has that Clinton-esque ability to make everybody feel like he's your friend and he's listening to you and he's concerned about you," Hickey told Politico.

☆ Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.
▼ + stars: | 2023-05-07 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.

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