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U.S. lawmakers to urge automakers to cut their reliance on China
  + stars: | 2023-06-19 | by ( ) www.cnbc.com   time to read: +2 min
A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. The focus on Chinese auto parts comes soon after U.S. Secretary of State Antony Blinken made a rare visit to Beijing and hours of meetings failed to produce any major breakthroughs. The $430 billion Inflation Reduction Act (IRA) signed by President Joe Biden in August aims to wean U.S. EV production from Chinese supply chains by imposing new conditions on EV tax credits. Ford's deal announced in February to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan has drawn criticism from some lawmakers. Republican Senator Marco Rubio has asked the Biden administration to block EV tax credits for batteries produced using Chinese technology.
Persons: Bolt, Tesla, Jim Farley, Mary Barra, Mike Gallagher, John Moolenaar, Raja Krishnamoorthi, Haley Stevens, Antony Blinken, Ford, Gallagher, Joe Biden, Ford's, Marco Rubio, Biden Organizations: Ford, Ford Motor, General Motors, Reuters, China, Bosch, Energy, U.S, Republican, Bloomberg Locations: Orion Township , Michigan, EVs, U.S, China, Detroit, Continental, Beijing, Shanghai, American, Michigan
US can't yet compete with China on EVs, Ford chairman tells CNN
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: +1 min
June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday program. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Ford said. Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves. Ford CEO Jim Farley said in May that Chinese electric vehicle makers are its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.
Persons: Bill Ford, Ford, CNN's, Fareed Zakaria, we're, Marco Rubio, Biden, Henry Ford, Jim Farley, Rishabh Jaiswal, Bharat Govind Gautam, Diane Craft Organizations: Ford, Toyota, Thomson Locations: United States, China, Michigan, Bengaluru
Currently, companies importing packages valued under $800 are not charged duties, taxes or fees to the United States government. A bill introduced Thursday looks to bar countries such as China and Russia, which are considered “nonmarket economies,” from being eligible to use this trade law. Some online retailers have financially benefited from the law because they ship small batches of orders directly to shoppers from overseas. Its $11 smock dresses and $6 floral print bikinis are shipped directly to shoppers, allowing it to bypass any import fees. That could lead to more fees at customs as it directs bulks of goods to its warehouses before going to consumers.
Persons: , Marco Rubio, Sherrod Brown, Earl Blumenauer, Neal Dunn, ” Mr, Blumenauer, Shein Organizations: United, Customs, Republican, Ohio Democrat, Democrat, Florida Republican Locations: United States, China, Russia, Florida, Ohio, Oregon, U.S
As it expanded internationally, Shein, the rapidly growing fast fashion app, progressively cut ties to its home country, China. Yet the clothing retailer can’t shake the focus on its ties with China. Along with other brands like the viral social app TikTok and shopping app Temu, Shein has become a target of American lawmakers in both parties. As relations between the United States and China turn increasingly rocky, some of China’s most entrepreneurial brands have taken steps to distance themselves from their home country. They have set up new factories and headquarters outside China to serve the United States and other foreign markets, emphasized their foreign ties and scrubbed any mention of “China” from their corporate websites.
Persons: Shein, Chinese Communist Party —, , Marco Rubio Organizations: Chinese Communist Party, Republican Locations: China, Singapore, Nanjing, Ireland, Indiana, Washington, Florida, United States
BEJUCAL, Cuba, June 14 (Reuters) - Just outside the sleepy Cuban village of Bejucal, a winding track, rutted with potholes and losing ground to the jungle, ends at a barbed wire fence. The question of Chinese spying from Cuba was renewed last week following a Wall Street Journal report. China, Washington’s top geopolitical rival, on Monday denied it was using Cuba as a spy base. [1/5] A truck passes by a sign at the entrance of Bejucal, Cuba, June 12, 2023. Onelvis Despaigne, 36, a farm worker who lives just outside the base, told Reuters on Monday he had not heard the recent foreign media reports on Chinese spying.
Persons: Biden, Bejucal, Arnaldo Perez, Dave Sherwood, Perez, motioning, Marco Rubio, Havana “, Fulton Armstrong, , Armstrong, Vladimir Putin, Onelvis Despaigne, Matt Spetalnick, Adam Jourdan, Don Durfee, Bill Berkrot Organizations: Reuters, Federal Communications Commission, Communist Party, FCC, Security, Commission, ARCOS, U.S . Department of Homeland Security, Justice Department ., Guantanamo, Base, White House National Security Council, REUTERS, Cuban Missile, Soviet Union, U.S, Cuban, CIA, Thomson Locations: BEJUCAL, Cuba, Cuban, Bejucal, China, Beijing, States, Key West , Florida, U.S, United States, Justice Department . China, Havana, Soviet, Moscow, Marco Rubio of Florida, Caribbean, Taiwan Strait, South China, Russia, Ukraine, Lourdes, Washington
Much of the existing legislation addressing TikTok at the federal and state level has focused on bans of the app. Wednesday’s legislation, known as the Protecting Americans’ Data From Foreign Surveillance Act, does not identify TikTok by name. TikTok has faced criticism from US officials who say the company’s links to China pose a national security risk. Congress has made several attempts in recent months to address data transfers to foreign adversaries. In February, House lawmakers advanced a bill that would all but require the Biden administration to ban TikTok over national security concerns about the app.
Persons: Oregon Democratic Sen, Ron Wyden, Wyoming Republican Sen, Cynthia Lummis, , ” Wyden, Wyden, TikTok, ByteDance, Biden, Justin Sherman, ” Sherman, Rhode Island Democratic Sen, Sheldon Whitehouse, Sheldon Whitehouse , Tennessee Republican Sen, Bill Hagerty, New Mexico Democratic Sen, Martin Heinrich, Florida Republican Sen, Marco Rubio, Warren Davidson, Anna Eshoo Organizations: CNN, Oregon Democratic, Wyoming Republican, ByteDance, Commerce Department, Oracle, Texas, Commerce, Duke University’s Sanford School of Public, Rhode, Rhode Island Democratic, Sheldon Whitehouse , Tennessee Republican, New Mexico Democratic, Florida Republican, Ohio Republican, California Democratic Locations: China, United States, Russia, Rhode Island, Sheldon Whitehouse , Tennessee, New Mexico, Florida
WASHINGTON, June 13 (Reuters) - The U.S. State Department amended part of a statement to Congress in which it said Washington would invite Hong Kong's chief executive, who faces U.S. sanctions, to a November summit, after lawmakers urged he be barred from entering the country. The Unites States is set to host this year's gathering in San Francisco of leaders of the Asia-Pacific Economic Cooperation (APEC) group, of which Hong Kong is a member economy. But Hong Kong's top official John Lee was placed under U.S. sanctions in 2020 over his role in implementing what Washington deems a "draconian" Hong Kong national security law. The Department regrets the error," a State Department spokesperson said. The Senate Foreign Relations Committee on Tuesday confirmed it had received the corrected response, which said the U.S. "has not made any commitments regarding invitations."
Persons: Hong, John Lee, Lee, Wendy Sherman, Marco Rubio, Jeff Merkley, Jim McGovern, Chris Smith, Mr, Michael Martina, Mark Heinrich Our Organizations: U.S . State Department, Economic Cooperation, Washington, Hong, Senate Foreign Relations, APEC, State Department, Foreign, Democratic, Republican, People's, China's, Thomson Locations: Washington, San Francisco, Asia, Hong Kong, U.S, People's Republic of China
For the first time in history, the nation is seeking to put on criminal trial a person who was elected to lead it as president. His indictment, brimming with details on Trump’s disastrously lax handling of classified materials, shocked many government veterans. (The DOJ has closed its investigation into Pence, while the special counsel probe of Biden’s handling of classified documents is ongoing.) “If this indictment is true, if what it says is actually the case, President Trump was incredibly reckless with our national security,” Haley said on Fox News. Typically, federal ranking officials are highly protective of classified material, knowing that even a lapse in the handling of one document could get them in trouble with the law, or land them in jail.
Persons: CNN —, Donald J, Trump, Utah Sen, Mitt Romney, “ I’m, ” Romney, it’s, He’s, Joe Biden’s, Jack Smith, , John Bolton, , , Donald Trump’s, ” Trump, Waltine, , Smith, General Merrick Garland, Kevin McCarthy, Biden, Mike Pence, Pence, Nikki Haley, ” Haley, he’s, “ Donald Trump, Carolina Sen, Lindsey Graham, Florida Sen, Marco Rubio, Garland, ” Rubio, It’s, Donald Trump, Valerie Plame, Bush, Joseph Wilson, Plame, Jake Tapper Organizations: CNN, Trump, Republican, Trump didn’t, “ CNN, Justice Department, Biden, Republicans, GOP, DOJ, South Carolina Gov, Fox News, United Nations, ABC, Senate Intelligence, CBS, CIA Locations: United States, America, Miami, Utah, Manhattan, Georgia, Carolina, Florida, Lago, Bedminster, Iraq
Judge Aileen Cannon is likely to preside over the first-ever federal trial of a former president. Cannon, 42, has been assigned to oversee Trump's trial, according to a summons cited by numerous news outlets. At that time, a magistrate judge on duty — and not Cannon — is expected to oversee the proceedings. The judge will likely decide whether to set bail, and read the charges against Trump before he enters a plea. "Judge Cannon is a great judge who I am very proud to have enthusiastically supported," Rubio told Insider through his office when asked about the connection.
Persons: Aileen Cannon, Trump, , Aileen Cannon —, Donald Trump —, Cannon, Jon Sale, Sale, Cannon recuses, It's, Cannon's, Nelson Mullins Riley, Fort, Paul G, Donald Trump, ANDY BUCHANAN, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Lorence, Bobby Flay, Ron DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Nancy Pelosi, Cortez, Paul Hoeffer, Hoeffer Organizations: Service, Department of, Trump, Southern District of, Appeals, Scarborough LLP, Miami Herald, Rogers, Getty, Committee, Duke University, El, El Nuevo Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Republican, Senate, Democratic Locations: Department of Justice's, Miami, Mar, Palm Beach , Florida, Southern District, Southern District of Florida, West Palm Beach County, Fort Pierce , Florida, West Palm Beach, AFP, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Florida, Athens, Greece, Vero Beach , Florida, DeSantis, Marco Rubio of Florida, Rick Scott of Florida, Cortez of New York
Trump's allies and enemies took to Twitter en masse to weigh in on his second indictment. The common refrain from Democrats and Trump's opponents within the GOP was that nobody was above the law. God Bless President Trump. I, and every American who believes in the rule of law, stand with President Trump… — Kevin McCarthy (@SpeakerMcCarthy) June 9, 2023Sen. Josh Hawley worried about the state of the republic. Every "Republican" running for President should suspend their campaign and go to Miami as a show of support.
Persons: Trumpworld, , Donald Trump, — Adam Kinzinger, Gerry Connolly, Michael Cohen, Trump's, fixer, Trump, izsOqf04yc — Michael Cohen, Biden, DOJ indicts Trump, YdmbbAo6fX — Anna Paulina Luna, Jim Jordan, Kevin McCarthy, Joe Biden, Trump … — Kevin McCarthy, Sen, Josh Hawley, Marjorie Taylor Greene, W8GallYAeH —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Twitter, Trump, Service, GOP, , DOJ, America Locations: America, United States of America
But my enjoyment of his newfound Resistance shtick doesn’t bode well for Christie. The people he needs to win over are not liberal New York Times columnists, but voters who hate liberal New York Times columnists. The trick, for a Republican, is going to be painting Trump as a weak loser who will sabotage right-wing priorities. At times Christie tried to do this, as when he criticized Trump for his failure to build the border wall and repeal the Affordable Care Act. presidential nomination, would he be willing to accept the role of the presidential candidate of a 2024 center-right independent party?” Steinberg wrote in April.
Persons: Christie, , Trump, Alec Baldwin, Ivanka Trump, Jared Kushner —, you’ll, , Kushner, Prince Mohammed bin Salman, doesn’t bode, “ idolizing ” Vladimir Putin, Volodymyr Zelensky, Biden, John McCain, pander, filleting, Marco Rubio, he’s, Alan Steinberg, Bush, ” Steinberg Organizations: Trump, State, New York Times, Republican, Locations: State of New Jersey, Saudi Arabia, Ukraine, Europe
Marco Rubio is still smarting from Chris Christie's blows during a 2016 GOP debate. Rubio said the debate "sucked" in a tweet on Tuesday night. We don't need to add to it by electing someone who has experience at running up and destroying the credit rating of his state," Rubio said. He separately received a tongue lashing from former President Donald Trump in March 2016, where Trump branded him with the nickname "little Marco." Representatives of Christie and Rubio did not immediately respond to Insider's requests for comment sent outside regular business hours.
Persons: Marco Rubio, Chris Christie's, Rubio, Christie, , It's, Sen, Chris Christie, Christie's, " Rubio, Donald Trump, Marco, Trump . Organizations: Service, Trump, Republican, Trump . Representatives Locations: New Hampshire, South Carolina, Nevada, United States, America
The Chris Christie beef with the Kushner family runs deep. Chris Christie and the Kushner family was once again center stage on Tuesday in what is shaping up to be a pretty petty presidential primary season. "Jared Kushner and Ivanka Kushner walk out of the White House and months later get $2 billion from the Saudis. But his beef with the Kushner family goes back much further than this campaign cycle. Jared Kushner went on to work for four years at the White House as a senior adviser to his father-in-law.
Persons: Chris Christie, Kushner, Christie, Jared Kushner, Alex Thompson, , Donald Trump —, Trump, Joe Biden, Trump —, Trump's, Ivanka Trump, Ivanka Kushner, Saudi Crown Prince Mohammed bin Salman, Jared, Jared's, Charles Kushner, savaging Sen, Marco Rubio, Mike Pence, PBS's Margaret Hoover, Mr, Charles Kushner's, Margaret —, Biden Organizations: Service, New, New Jersey Gov, Trump, White, Saudi Crown, Public Investment Fund, Kushner's Affinity Partners, New York Times, Federal, Commission, GOP Locations: New Hampshire, New Jersey, United States
CNN —Former New Jersey Gov. Chris Christie filed to run for president on Tuesday ahead of announcing his second bid for the White House and kicking off another clash with former President Donald Trump, the GOP frontrunner and a former Christie ally. Both would eventually drop out – Christie after he finished sixth in the New Hampshire primary – and endorse Trump. “We keep losing and losing and losing,” Christie said at the Republican Jewish Coalition’s annual leadership conference late last year. “No way.”Christie was first elected New Jersey governor in 2009, unseating Democratic incumbent Jon Corzine.
Persons: Chris Christie, Donald Trump, Christie, Chris Sununu, Mike Pence, Republicans –, Ron DeSantis, Nikki Haley, Asa Hutchinson, South Carolina Sen, Tim Scott, Pence, Doug Burgum, Joe Biden, , Barack Obama, demurred, Florida Sen, Marco Rubio, – Christie, Trump, Covid, , ” Christie, Jon Corzine, Trump’s, Jared Kushner, George Washington Organizations: CNN, Former New Jersey Gov, White, GOP, Republicans, Trump, Florida Gov, South Carolina Gov, Arkansas Gov, North Dakota Gov, PAC, Republican Jewish, Capitol, New, Democratic, FEC Locations: New Hampshire, Arkansas, South Carolina, Florida, New Jersey
June 6 (Reuters) - Former New Jersey Governor Chris Christie is expected to formally announce his 2024 presidential campaign on Tuesday in New Hampshire, joining a growing Republican field led by Donald Trump. A former federal prosecutor, Christie, 60, has argued he is the only potential rival with the skills and willingness to attack Trump directly. He netted just 1% support from potential Republican primary voters in a Reuters/Ipsos poll in May, compared to Trump's 49% support and Florida Governor Ron DeSantis' 19% support. That strategy may entice Republican voters who are ready to move past Trump, but it remains unclear whether any Republican can prevail without the support of Trump's still-loyal base. Despite his early support for Trump, Christie was passed over for vice president and for attorney general, and was fired as the head of Trump's transition team just three days after the 2016 election.
Persons: Chris Christie, Donald Trump, Christie, Trump's, Trump, Ron DeSantis, Joe Biden, Nikki Haley, Tim Scott, Mike Pence, disavow, Marco Rubio, Christie's, Joseph Ax, Colleen Jenkins, Alistair Bell Organizations: Former New Jersey, Republican, Saint Anselm College, Reuters, Florida, Trump, Democratic, Thomson Locations: New Hampshire, Manchester , New Hampshire, Trump's, New Jersey, New York City
U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015. But while much of the GOP establishment softened its stance on Trump in the ensuing months, Christie kept up his criticism. "You better have somebody on that stage who will do to him what I did to Marco, because that's the only thing that's going to defeat Donald Trump," Christie said in March. Ron DeSantis officially joined the Republican primary race, becoming the top non-Trump contender. Allies of the former New Jersey governor recently launched a super PAC, Tell It Like It Is, to support his run for president.
Persons: Chris Christie, Christie, Donald Trump, Trump, Joe Biden, Biden, president's, Vladimir, Putin, Sen, Marco Rubio, Marco, It's, Ron DeSantis, South Carolina Sen, Tim Scott, Mike Pence, Sandy, Barack Obama's, George Washington, Christie's, Phil Murphy Organizations: Republican, New, America, Former New Jersey Gov, Trump, U.S, Capitol, GOP, CNN, Monmouth University, Florida Gov, South, Allies, Democratic Gov, ABC News Locations: New Jersey, Greenville , South Carolina, Manchester , New Hampshire, Ukraine, South Carolina, New York
A crude joke that Sen. Marco Rubio, R-Fla., used to mock what he said was then-2016 presidential candidate Donald Trump's "small hands" will be the centerpiece of a Supreme Court ruling on whether a California lawyer can trademark the phrase "Trump too small." The "Trump too small" phrase is a reference to a 2016 Republican presidential primary debate featuring both Trump and Rubio. Rubio joked about Trump having small hands, adding: "And you know what they say about guys with small hands." In a February 2022 ruling, the U.S. Court of Appeals for the Federal Circuit ruled against the trademark office, saying the denial violated Elster's free speech rights under the Constitution's First Amendment. The Supreme Court in recent years has endorsed free speech rights in the trademark context, suggesting Elster could have a chance of prevailing in the case.
Persons: Marco Rubio, Donald Trump, Sen, Donald Trump's, Trump, Steve Elster, Elster, Rubio, Elizabeth Prelogar Organizations: U.S, Republican, U.S . Patent, Trump, U.S ., Appeals, Federal Circuit Locations: Detroit , Michigan, California
The Supreme Court agreed on Monday to decide whether a California lawyer may trademark the phrase “Trump too small,” a reference to a taunt from Senator Marco Rubio, Republican of Florida, during the 2016 presidential campaign. Mr. Rubio said Donald J. Trump had “small hands,” adding: “And you know what they say about guys with small hands.”The lawyer, Steve Elster, said in his trademark application that he wanted to convey the message that “some features of President Trump and his policies are diminutive.” He sought to use the phrase on the front of T-shirts with a list of Mr. Trump’s positions on the back. For instance: “Small on civil rights.”A federal law forbids the registration of trademarks “identifying a particular living individual except by his written consent.” Citing that law, the Patent and Trademark Office rejected the application. A unanimous three-judge panel of the U.S. Court of Appeals for the Federal Circuit ruled that the First Amendment required the office to allow the registration.
Persons: Trump, Marco Rubio, Rubio, Donald J, , Steve Elster Organizations: Republican, U.S ., Appeals, Federal Circuit Locations: California, Florida
FollowWASHINGTON, June 5 (Reuters) - The U.S. Supreme Court on Monday agreed to consider whether a California attorney's federal trademark for the phrase "Trump Too Small" - a cheeky criticism of former President Donald Trump - should have been granted. Elster applied for the "Trump Too Small" trademark in 2018 to use on shirts. Trump and Rubio, a senator from Florida, were rivals for the 2016 Republican presidential nomination - a prize eventually won by the businessman-turned-politician. "And you know what they say about guys with small hands," Rubio said as the audience laughed. Are they small hands?
Persons: Marco Rubio, Donald Trump, Chris Keane, Steve Elster's, Elster, Trump, Rubio's, Timothy Dyk, Dyk, Rubio, denigrate Rubio, Marco, " Rubio, I've, Bret Baier, Joe Biden's, Erik Brunetti's, Blake Brittain, Andrew Chung, Will Dunham Organizations: Republican U.S, Fox Business Network Republican, REUTERS, Finance, U.S, Supreme, U.S . Trademark, Trump, Appeals, Federal Circuit, White, Fox News, Joe Biden's Justice Department, Thomson Locations: North Charleston , South Carolina, WASHINGTON, California, Florida, Virginia, Washington, New York
Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."
Persons: , Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire
[1/2] U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015. Christie has played the role of attack dog before: in a memorable debate appearance shortly before he ended his 2016 campaign, Christie mocked U.S. Three days after Trump's surprise victory, Christie was fired as the head of Trump's White House transition team. Since the Jan. 6, 2021, attack on the U.S. Capitol by a mob of Trump supporters, Christie has jabbed at Trump on numerous occasions. Christie was also a candidate for the 2012 Republican presidential nomination but was beaten by eventual nominee Mitt Romney.
Persons: Chris Christie, Chris Keane PRINCETON, Donald Trump's, Christie, Axios, Trump's, Trump, Bill Palatucci, Marco Rubio, Ron DeSantis, Tim Scott, Nikki Haley, Mike Pence, Chris Sununu, Joe Biden, Washington, Charles Kushner, Jared Kushner, Jean Carroll, Mitt Romney, Susan Heavey, Joseph Ax, Nathan Layne, Katharine Jackson, Andrew Heavens, Chizu Nomiyama, Daniel Wallis Organizations: U.S, Republican, New, America, REUTERS, Former New Jersey, Trump, Reuters, Saint Anselm College, New Jersey Republican, South Carolina, New Hampshire, Democratic, Capitol, Republicans, Thomson Locations: New Jersey, Greenville , South Carolina, Chris Keane PRINCETON , New Jersey, New Hampshire, Florida, U.S, New York City
Christie, 60, enters the race as a decided underdog, six years after his 2016 presidential campaign failed to gain traction amid a crowded field that included Trump. In March, Christie told Axios he would not vote for Trump in 2024 even if the former president was the Republican nominee. He has played the role of attack dog before: in a memorable presidential debate appearance shortly before he ended his 2016 campaign, Christie mocked U.S. He and Trump exchanged plenty of barbs during the early stages of the 2016 campaign. Christie was also a candidate for the 2012 Republican presidential nomination but was beaten by eventual nominee Mitt Romney.
Persons: Chris Christie, Donald Trump's, Christie, Axios, Trump's, Trump, Mike Pence, Ron DeSantis, Marco Rubio, Washington, Charles Kushner, Jared Kushner, Jean Carroll, Mitt Romney, Susan Heavey, Joseph Ax, Nathan Layne, Katharine Jackson, Andrew Heavens Organizations: PRINCETON, Former New Jersey, Trump, Reuters, Saint Anselm College, Republican, Democratic, U.S, Capitol, Republicans, Thomson Locations: New Jersey, New Hampshire, Florida, New York City
Sen. Tim Scott, R-S.C., may not have the highest poll numbers, but he kicks off his presidential campaign flush with another precious campaign resource: money. Scott is likely entering the 2024 race with more cash than his GOP rivals. The senator's federal campaign committee had $21.9 million in its account as of March 31, according to campaign finance reports filed with the Federal Election. Former President Donald Trump's campaign had $13.9 million in its account, while biotech entrepreneur Vivek Ramaswamy, who has largely self-funded his campaign, had $9.4 million on hand. Those senators had between $2.2 million (Graham) and $4.1 million (Rubio) in their presidential or Senate campaign accounts before launching their runs for the White House.
Ellison has pumped $35 million into Scott's super PAC, and could legally give him millions more. On Monday, Ellison attended Scott's campaign launch in North Charleston, where Scott described him as one of his mentors. Trump's political operation includes the "MAGA, Inc" super PAC, while Florida Gov. Ron DeSantis has enjoyed the support of the "Never Back Down" super PAC. Scott's campaign isn't the first time a Republican presidential candidate has heavily relied on a single megadonor.
Oracle co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott's run for president. The Opportunity Matters Fund PAC has been rebranded for Scott's White House run with a new name: Trust In The Mission PAC, or TIM PAC. Another veteran Republican fundraiser told CNBC that Ellison is already planning to donate up to $10 million to the TIM PAC in the early going of Scott's run. Ellison has signaled to allies that he could give at least between $20 million and $30 million more this cycle, this person said. Ellison admires Scott a great deal for the senator's strong support for Israel, according to a lobbyist who's worked with Oracle and has known Ellison for years.
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