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☆ Some Democrats don't like Biden and McCarthy's debt-ceiling bill — but they'll vote for it because 'the macro alternative is absolutely indigestible'
▼ + stars: | 2023-06-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Many Democratic lawmakers are unhappy with the debt-ceiling bill that just passed the House. But some of them will vote for the bill anyway because they say a default would be far worse. "The macro alternative is absolutely indigestible," Rep. Jamie Raskin told Politico. On Wednesday night, the House easily passed Biden and McCarthy's Fiscal Responsibility Act with a bipartisan vote of 314-117. Other Democrats feel the same — but fear a default on the nation's debt would be worse than signing the bipartisan debt-ceiling bill into law.

Persons: Jamie Raskin, —, Joe Biden's, Kevin McCarthy's, they'll, Biden, Vermont Sen, Bernie Sanders, Politico, Sen, Elizabeth Warren of, she's, Janet Yellen, McCarthy, Alexandria Ocasio, Ro Khanna, Chuck Schumer, Nobody's Organizations: Democratic, Service, Congressional, Office, SNAP, Elizabeth Warren of Massachusetts, Politico, Republicans, Social Security, Medicare, Congressional Progressive Caucus, Caucus, Twitter Locations: Vermont, Alexandria, Cortez

☆ Fact Check-Alexandria Ocasio-Cortez didn’t tweet that ‘printing money is the only way out of inflation’
▼ + stars: | 2023-05-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A tweet stemming from a parody account impersonating U.S. Representative Alexandria Ocasio-Cortez is being taken seriously by users online. The May 28 tweet “printing money is the only way out of inflation” (here) appears to originate from an account describing itself as parody (twitter.com/AOCpress). The real Twitter account for Ocasio-Cortez is @AOC (twitter.com/AOC). A search for the tweet, filtering for tweets by the real Ocasio-Cortez Twitter account @AOC, does not return any results (archive.ph/FoI6Q). The tweet about inflation attributed to Rep. Alexandria Ocasio-Cortez stems from a parody account.

Persons: Representative Alexandria Ocasio, Cortez, ”, Diego de la, Elon Musk, Alexandria Ocasio, Read Organizations: Representative, Facebook, Diego de la Vega, Ocasio, Reuters Locations: Cortez, Alexandria

☆ AOC said Elon Musk put his 'finger on the scale' during Turkey's presidential election and is 'concerned' it will set a precedent for the 2024 US election
▼ + stars: | 2023-05-31 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Alexandria Ocasio-Cortez said Elon Musk is setting a precedent for the 2024 election. "All of it is precedent-setting and testing waters ahead of '24," Ocasio-Cortez wrote. "I am concerned about next year's election given Musk putting his finger on the scale in Turkey, etc. There is a line where the harm of unchecked disinfo exceeds the benefits of direct, authentic communication," Ocasio-Cortez wrote on BlueSky. Q is how to respond when gov overall won't, or may not in time," Ocasio-Cortez wrote.

Persons: Alexandria Ocasio, Cortez, Elon Musk, —, Recep Tayyip Erdogan, Musk, Erdogan Organizations: Twitter, Service, Elon Locations: Alexandria, Turkey, COVID, Ocasio

☆ Cramer says the money's in tech this year, tread carefully when it comes to any other sector
▼ + stars: | 2023-05-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

The safest spot for your money right now is tech -- otherwise, tread carefully. "That's the defining feature of this market, because if you stray from a small portion of the tech complex, you're gonna be destroyed." The industries seeing losses on the market right now include energy, utilities, healthcare, real estate, consumer staples, materials, industrials and even banks, especially regional ones. Real estate is being badly burned as remote work persists, with office building owners like Boston Properties and Alexandria Real Estate seeing huge losses. To Cramer, tech is only immune to this widespread turmoil because of the boon that is generative AI.

Persons: CNBC's Jim Cramer, Cramer, Leidos, GPT Organizations: Moderna, CVS, Boston Properties, CNBC, Club Charitable Trust, Nvidia Locations: Real, Alexandria

☆ AOC slams Elon Musk for promoting parody account after it joked she had a ‘crush’ on him — and he flirted back
▼ + stars: | 2023-05-30 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

AOC says she's assessing next steps after Elon Musk promoted a parody account, impersonating her. Musk responded with a fire emoji when the fake account tweeted that she had a crush on him. Rep. Alexandria Ocasio-Cortez says she's assessing next steps after Twitter owner Elon Musk promoted a parody account that has been impersonating her. The parody account responded by copying and pasting the tweet and retweeting Ocasio-Cortez and writing, "I can't believe someone would do that to us." The account also wrote, "Parody should be illegal," and "If @elonmusk wants to have a chance with me, he'll immediately ban the parody account of me.

Persons: Elon Musk, Musk, Rep, Alexandria Ocasio, Cortez, —, I've, Linda Yaccarino, retweeting Ocasio, he'll Organizations: Twitter, Service, New, New York Democrat, Cortez Locations: Alexandria, New York

☆ Elite High School’s Admissions Plan May Face Supreme Court Test
▼ + stars: | 2023-05-29 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

In the coming weeks, the Supreme Court is very likely to forbid colleges and universities to use race as a factor in admissions decisions. Indeed, when the cases challenging the admissions programs at Harvard and the University of North Carolina were argued in October, some justices were already looking at the next question on the horizon: whether admissions officers may promote racial diversity by using race-neutral criteria. Those changes produced a class with more Black and Hispanic students and many fewer Asian American ones. In a dissent from last week’s decision that seemed to be addressed to the Supreme Court, Judge Allison J. Rushing wrote that the majority had refused “to look past the policy’s neutral varnish” and consider instead “an undisputed racial motivation and an undeniable racial result.”

☆ An Influencer With a Mission: Supporting New York Restaurants
▼ + stars: | 2023-05-29 | by ( Joshua Needelman | ) www.nytimes.com time to read: +1 min

‘Tastes like home’“Do you smell that?” Mr. Cho asked as he walked through his old neighborhood, about a half-mile from Renee’s. The air carried an aroma that even the most daring fusion restaurant couldn’t dream of achieving: a mix of Thai, Bangladeshi, Pakistani and other cuisines. “Our audience tends to be very diverse, though 10 out of 10 times they’re English fluent, or culturally New York fluent,” Mr. Cho said. (The team recently added Helen Cho, a former producer for “Anthony Bourdain: Parts Unknown,” to lead that charge.) Mr. Cho and Mr. Lee’s grandest vision is to create an incubator for small restaurant owners looking to scale.

☆ The White House does not 'have a plan B' if lawmakers fail to raise the debt ceiling — and Biden will not solve the crisis without Congress, the Deputy Treasury Secretary says
▼ + stars: | 2023-05-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The White House doesn't have a backup plan if Congress doesn't raise the debt ceiling, Deputy Treasury Secretary Wally Adeyemo said. He added that Biden will not consider using the 14th Amendment to address the crisis. Still, Democrats want Biden to prepare to go that route with a default possible in as soon as six days. "The 14th Amendment can't solve our challenges," Adeyemo said on CNN on Friday morning. And Rep. Alexandria Ocasio-Cortez recently told Politico that the 14th Amendment is an option where "the president should absolutely have this on the table."

☆ Fox News joked about DeSantis' glitchy campaign launch to his face
▼ + stars: | 2023-05-25 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

Ron DeSantis' presidential campaign announcement didn't go as planned — and Fox News joked about it moments later. DeSantis joined Trey Gowdy on Fox News for an interview after the glitchy announcement. "I can't promise you that I won't crash, but Fox News will not crash in this interview," Gowdy told the Florida governor. Ron DeSantis appeared on Fox News Wednesday night — only to be teased by host Trey Gowdy. While DeSantis was attempting to speak on Twitter, FoxNews.com included a banner with a "programming note" on their site that read: "Want to actually see and hear Ron DeSantis?

☆ A GOP lawmaker says debt ceiling negotiations are on 'pause' because of 'unreasonable' requests from the White House — even with a catastrophic default as soon as 2 weeks away
▼ + stars: | 2023-05-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

GOP Rep. Garret Graves told reporters that debt ceiling negotiations are on "pause." He said the White House is bringing "unreasonable" requests. Still, there's a major time crunch for Congress to reach a deal to raise the debt ceiling before a default. But it's unclear where the negotiations will go from here — when asked if talks will resume today, White House negotiators told reporters that they're "playing [it] by ear." It is past time for the White House to get serious.

☆ AOC says Biden should 'absolutely' consider bypassing the GOP to solve the debt ceiling crisis: 'It's a question of saving our economy from potential disaster'
▼ + stars: | 2023-05-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Rep. Alexandria Ocasio-Cortez told Politico Biden should be considering the 14th Amendment to address the debt ceiling. The 14th Amendment could declare the debt ceiling unconstitutional and allow Biden to bypass Congress. That's why a growing number of Democratic lawmakers are urging Biden to invoke a clause in the 14th Amendment which experts have said would declare the debt ceiling unconstitutional, getting rid of the problem forever. Ocasio-Cortez told Politico that "the president should absolutely have this on the table." Invoking that clause would mean that a default caused by the debt ceiling is unconstitutional, and it would allow Biden to bypass congressional debate on the issue.

☆ AOC dunks on McCarthy over debt ceiling negotiations as Democrats consider forcing a vote on increasing the debt limit
▼ + stars: | 2023-05-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Republicans and the White House are in talks to raise the US debt limit as the clock runs out. House Democrats moved to force a vote to increase the debt limit, which requires 218 signatures. AOC said Rep. Kevin McCarthy is in no position to try to negotiate the debt ceiling. She also likened the situation to McCarthy's Speaker vote debacle in January, when Congress members went through 15 rounds of voting before they finally settled on the Republican leader for the Speaker title. "We got a preview of this during McCarthy's disaster of Speaker vote in January.

☆ Video shows AOC breaking up a shouting match between a Squad member and Marjorie Taylor Greene outside the Capitol: 'She ain't worth it, bro'
▼ + stars: | 2023-05-18 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Reps. Jamaal Bowman and Marjorie Taylor Greene got into a shouting match outside the Capitol. The video shows Bowman blaming the current situation on the legacy of former President Donald Trump, with Greene's responses repeatedly mentioning "missing" migrant children. Before turning away from Bowman, the video shows Greene saying: "Let me tell you something Jamaal, you're not very smart, you should pay attention." At this point, Bowman, who was still shouting, was tapped on the shoulder by Ocasio-Cortez, the video shows. Insider contacted Bowman, Greene, and Ocasio-Cortez for comments but did not immediately receive responses.

☆ Montana to become first US state to ban TikTok
▼ + stars: | 2023-05-17 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/File PhotoWASHINGTON, May 17 (Reuters) - Montana Governor Greg Gianforte on Wednesday signed legislation to ban the Chinese-owned TikTok from operating in the state, making it the first U.S. state to ban the popular short video app. Montana will make it unlawful for Google and Apple's app stores to offer the TikTok app within its borders. TikTok, which has over 150 million American users, is facing growing calls from U.S. lawmakers and state officials to ban the app nationwide over concerns about potential Chinese government influence over the platform. TikTok, owned by Chinese tech company ByteDance, said in a statement the bill "infringes on the First Amendment rights of the people of Montana by unlawfully banning TikTok," adding that they "will defend the rights of our users inside and outside of Montana." Montana, which has a population of just over 1 million people, said TikTok could face fines for each violation and additional fines $10,000 per day if they violate the ban.

On top of the GOP gubernatorial primary in Kentucky, there are other contests taking place on Tuesday that could provide some clues about 2024 — even though it’s hard to draw too many lessons from individual races. Voters are also heading to the polls in Pennsylvania, which is hosting a crowded Democratic primary for Philadelphia mayor. Two races will also provide some insight into voter attitudes in two key counties in two crucial battlegrounds. In other Pence news, he will attend Iowa GOP Sen. Joni Ernst’s “Roast and Ride” event next month, per Fox News (former United Nations Ambassador Nikki Haley is also attending). Jumping in: Former state Rep. Leslie Love jumped into the Democratic Senate primary in Michigan on Monday.

☆ AOC says Biden choosing to compromise with the GOP on a debt ceiling deal would be 'profoundly destructive,' and the White House should 'expect pushback on nearly any significant concession'
▼ + stars: | 2023-05-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden is set to meet with top lawmakers on Tuesday to discuss a potential debt ceiling agreement. McCarthy passed a bill in the House that would raise the debt ceiling through March of next year, and it was accompanied by over $4.5 trillion in spending cuts. Even so, some progressive lawmakers have warned the president that he should not bend on Democratic priorities to raise the debt ceiling. Multiple reports have suggested that the White House was considering compromising on rescinding unspent pandemic funding and energy permitting reform in a debt ceiling deal. Democrats – including President Biden – have been clear: these dangerous proposals are not going anywhere.

☆ Dianne Feinstein claimed she hasn't 'been gone' when asked about her lengthy absence from the Senate: 'No, I've been here. I've been voting'
▼ + stars: | 2023-05-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Sen. Feinstein insisted to reporters on Tuesday that she hasn't been absent from the Senate. I've been voting," she told LA Times' Ben Oreskes at the Capitol on Tuesday. The 89-year-old senator returned to Washington last week after a nearly 3-month-long absence. "No, I haven't been gone," she told the Times' Ben Oreskes on Tuesday when asked how her Senate colleagues have responded to her return. Feinstein then reportedly deflected a question about lawmakers calling for her to resign before an aide wheeled her away.

☆ One awkward photo sums up how the debt ceiling negotiations are going
▼ + stars: | 2023-05-16 | by ( Erin Snodgrass | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

McCarthy seemed stony-faced during discussionsSpeaker of the House Kevin McCarthy sits in the Oval Office on Tuesday, May 16. Chip Somodevilla/Getty Images"Lot of work to do in a short amount of time," McCarthy told reporters following the meeting. Sen. Chuck Schumer offered a slightly more positive spinSen. Chuck Schumer sits in the Oval Office on Tuesday, May 16. Chip Somodevilla/Getty Images"We also agreed we have to pass a bipartisan bill with bipartisan support in both chambers," Schumer said. Chip Somodevilla/Getty ImagesA White House readout on the Tuesday debt ceiling talks offered little concrete evidence as to how close the administration is to reaching a deal.

☆ Trump's advisor showed him a tweet from AOC to fire him up during the commercial break of CNN's town hall: report
▼ + stars: | 2023-05-15 | by ( Chris Panella | Madison Hall | ) www.businessinsider.com time to read: +2 min

Trump's advisor reportedly showed him an AOC tweet during the CNN town hall to fire him up. Axios reported that Trump advisor Jason Miller showed Trump Ocasio-Cortez's tweet during the first commercial break of the night. Axios reported that Trump was also shown a tweet from The Lincoln Project calling the town hall "a CNN sponsored Trump 2024 fundraiser." During and following the town hall, several media experts and professionals publicly denounced the event. According to the former president's advisor, Miller, in the eyes of Trump's team, the CNN town hall "was fantastic."

☆ Bat-wielding attacker injures Virginia congressman's district office staff
▼ + stars: | 2023-05-15 | by ( Rebecca Shabad | ) www.cnbc.com time to read: +3 min

Rep. Gerry Connolly (D-VA) listens at a news conference outside of the U.S. Capitol Building on June 16, 2022 in Washington, DC. "This morning, an individual entered my District Office armed with a baseball bat and asked for me before committing an act of violence against two members of my staff. He said his focus is on ensuring his staff members receive the care they need. "My District Office staff make themselves available to constituents and members of the public every day. His district office is in Fairfax, Virginia, which is less than 15 miles from downtown Washington.

☆ Dianne Feinstein's staff makes sure the senator never walks around the Capitol by herself out of concern for what she might say to reporters amid her declining health and old age, report says
▼ + stars: | 2023-05-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

As her health declined, her staff began to follow her wherever she goes in the Capitol, per Rolling Stone. Feinstein returned to the Senate on Wednesday after spending nearly three months away from Washington due to a shingles infection. For the past few years, Feinstein's staff felt it necessary to ensure the senator is never alone when she walks around the Capitol, sources told Rolling Stone. Jamarcus Purley, a former staff member fired last February for work performance issues, told the magazine that Feinstein's office developed the system without her knowing. Feinstein's office did not immediately respond to a request for comment.

☆ How a Military Base’s New Name Honors a Military Spouse and Mother
▼ + stars: | 2023-05-14 | by ( Arin Yoon | Photographs | ) www.nytimes.com time to read: 1 min

Dana Abella and her husband, John, have moved 11 times and gone through four deployments. Maj. Bernard Wheeler delayed a deployment several days to see his daughter’s birth in 2018. When he returned, it took her months to get used to his presence. Her younger sister, Juliana, has been through four deployments and four moves. For the first time last week, a military base was named in honor of a spouse, recognizing the full experience of military families.

☆ Elon Musk is handing a truckload of mess to Twitter's new CEO
▼ + stars: | 2023-05-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Elon Musk is finally ready to share his Twitter mess with someone else. The billionaire has found a new CEO to succeed him, but the mess they'll need to address is huge. It's been a long time coming but Elon Musk is finally ready to do it: he's about to hand over his Twitter mess to someone else. Twitter's finances are a messThe first challenge Musk's decidedly bumpy reign has left for his successor is Twitter's financial mess. If news organizations are continuously maligned, Twitter's new CEO will need to solve an identity crisis.

☆ Dianne Feinstein once mistook GOP Sen. Tim Scott for Democratic Sen. Raphael Warnock, book says
▼ + stars: | 2023-05-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Dianne Feinstein once mistook two different Black senators, according to a story relayed in a new book. She confused GOP Sen. Tim Scott for Democratic Sen. Raphael Warnock, saying she'd been rooting for him. Scott reportedly played along, telling Feinstein that her "support means a lot." Scott, a Republican who's served in the Senate since 2013, is said to have played along with Feinstein's apparent confusion. Dean Phillips 🇺🇸 🟧 (@RepDeanPhillips) April 12, 2023But on Wednesday, Feinstein finally returned to the Capitol, continuing to suffer balance and vision impairments.

☆ Sex-assault survivors unleash firestorm after CNN let Trump try to re-victimize E. Jean Carroll at town hall
▼ + stars: | 2023-05-11 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

A day after a jury found Trump sexually violated E. Jean Carroll, he mocked her as a "whack job" on CNN. CNN let Trump try to re-victimize his own sex-assault victim in front of millions, victim advocates said. Democratic New York Rep. Alexandria Ocasio-Cortez, who has said she is a survivor of sexual assault, slammed CNN's town hall with Trump as "shameful." "As a sexual assault survivor I'm disgusted with @CNN," tweeted @Irishrygirl. She explained how for many survivors of sexual assault the "pain" that comes with being disbelieved "is deeply harmful over and above the harms of sexual assault itself."

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