DIRS.INFO The most relevant business & tech news

☆ Debt ceiling showdown could be first battle for new Congress and White House
▼ + stars: | 2022-11-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Congress last raised the debt ceiling by $2.5 trillion December, 2021, providing enough borrowing capacity to get past the midterm elections. "Since 2011, the market really hasn't reacted too much to the debt ceiling fights. That would pit the White House against congressional Republicans, who see raising the debt ceiling as an opportunity to cut and redirect spending. President Joe Biden, in a tweet, last weekend talked about the pending debt ceiling battle. He said that even before the debt ceiling, Congress needs to pass a continuing resolution in December to temporarily fund the government.

☆ Democratic Rep. Lauren Underwood faces off against Republican Scott Gryder in Illinois' 14th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Lauren Underwood is running against Republican Scott Gryder in Illinois' 14th Congressional District. IL-17IL-06IL-13 HouseDemocratic Rep. Lauren Underwood faces off against Republican Scott Gryder in Illinois' 14th Congressional District. Illinois' 14th Congressional District candidatesUnderwood, a two-term Democrat first elected in 2018, is the youngest Black woman to serve in the US House of Representatives. He previously chaired Kendall County's Young Republicans and the Kendall County Republican Central Committee. Voting history for Illinois' 14th Congressional DistrictIllinois' 14th Congressional District sits below the 11th District and extends southwest along Interstate 80 into LaSalle County.

☆ Republican Catalina Lauf seeks to oust incumbent Rep. Bill Foster in Illinois' 11th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Republican Catalina Lauf looks to unseat Democratic Rep. Bill Foster in Illinois' 11th Congressional District. IL-17IL-06IL-13 HouseRepublican Catalina Lauf looks to unseat longtime Democratic Rep. Bill Foster in Illinois' 11th Congressional District. Illinois' 11th Congressional District candidatesLauf, who sits on the large bench of Republican Latino candidates the GOP built this year, is a Woodstock, Illinois, native and daughter of Latin American immigrants. "I think for many women of all ages it may be the number one issue," Foster told a local station. Voting history for Illinois' 11th Congressional DistrictIllinois' 11th Congressional District, which under its previous boundaries covered the west and southwest suburbs, now stretches into the northwest territory of McHenry, Boone, DeKalb, and Kane counties.

☆ A top House Republican gifted Kevin McCarthy an ornate silver bowl as a nod to a famous scene from HBO's 'The Wire' about leaders having to eat crap: book
▼ + stars: | 2022-10-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

A top ally of Kevin McCarthy loved "The Wire" so much that he gave the Republican a silver bowl. Nonetheless, McHenry continued to email the Republican clips of the scene that incredibly is a parable an actual politician used to tell. "There's a knock at the door in the corner of the room, and Pete comes walking in carrying this gorgeous Sèvres silver bowl, hand chased ... 'It's from the unions,' Tony, played by Sam Coppola, says. You're sitting, eating shit all day long, day after day, year after year." So according to Draper, the North Carolinian bought an ornate silver bowl that was once the property of the British army.

☆ U.S. banks cut donations to federal candidates, up Democrats' share ahead of mid-terms
▼ + stars: | 2022-10-10 | by ( Pete Schroeder | ) www.reuters.com time to read: +5 min

Following the 2007-09 financial crisis when Democrats cracked down on banks, lenders have typically looked to business-friendly Republicans for support in Congress. And of the top-20 congressional recipients of bank PAC donations this cycle, 10 are Democrats compared with six in 2020, three in 2018, and one ahead of the 2016 election. Reuters GraphicsThe shift in giving patterns shows how banks are rethinking their allegiances amid increased political partisanship. To be sure, the party in power commonly enjoys a bounce in donations and banks are also spreading their bets ahead of a tightening contest, said Ballentine and the other sources. Nine of the top 10 recipients of industry donations are Republicans, including Representative Patrick McHenry who is likely to chair the House finance panel if Republicans win that chamber.

☆ Premarket stocks: Is the bitcoin winter beginning to thaw out?
▼ + stars: | 2022-09-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But signs of a thaw, spurred on by global currency chaos, are beginning to appear. The gains gave crypto bulls hope that bitcoin was becoming a safe haven asset, or one that acts as a hedge when stocks are falling. Then, around midday, the dollar grew in strength and bitcoin came crashing down again, wiping out all of its recent gains. But all assets are suffering, bitcoin isn’t in this alone.”The silver lining: But even as bitcoin prices fall, investors see signs of a bottom. The central bank is also considering the launch of a Central Bank Digital Currency, which is essentially a digital version of the dollar.

☆ Big U.S. bank CEOs to be grilled by Congress on consumer, social issues
▼ + stars: | 2022-09-19 | by ( Pete Schroeder | ) www.reuters.com time to read: +5 min

The line-up includes the CEOs of the four largest U.S. banks: JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Citi's Jane Fraser and Wells Fargo's Charles Scharf. They will be joined by USBancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial CEO William Rogers, who run the country's largest regional lenders. That's a message the banks' executives, lobbyists, and trade groups have conveyed during a marathon of private meetings with key lawmakers over the past few weeks, the sources said. But bank executives are also wary of growing criticism from Republicans, traditionally allies who have pushed back against heavy regulation, over what they see as Wall Street's increasingly liberal leanings on environment and social issues. While executives faced some critical questions from Republicans on such issues last year, the pressure will be greater this time, said analysts.

☆ The US cities where home values are most likely to plummet in a recession
▼ + stars: | 2022-09-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The report — published on Wednesday — is based on data from nearly 600 counties in the US. Nine counties around New York City were included in the top 50 most vulnerable. ATTOM spokesperson says a recession seems 'more likely' than getting inflation under control. On Wednesday, real estate data company, ATTOM Data Solutions, published its Special Housing Risk Report for the second quarter of 2022. The report listed nearly 600 US counties vulnerable to value decline, based on "home affordability, underwater mortgages, foreclosures and unemployment," the report says.

☆ Some of Congress' youngest members have famously flamed out. Can a candidate be too young to serve?
▼ + stars: | 2022-09-15 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +16 min

More youthful representation would better serve the country, young members of Congress say. But members of Congress, political scientists, and strategists generally don't blame age for these downfalls — leaders both young and old are prone to controversy. Rep. Alexandria Ocasio-Cortez made history in 2019 as the youngest woman ever elected to Congress, at 29. "I was always accustomed to being the youngest," Schatz told Insider at the Capitol. The nation needs "more principled members of Congress," Republican Rep. Lauren Boebert of Colorado, 35, told Insider, adding: "It doesn't matter their age."

Search resuls for: "mchenry"

9 mentions found