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House Democrats said on Tuesday that they would join with the G.O.P. to kill an effort to oust Speaker Mike Johnson if far-right House Republicans forced a vote to remove him from his post after he allowed a foreign aid package including assistance to Ukraine to be approved. In a joint statement after a closed-door party meeting, the three top Democrats said they would side with Republicans supportive of Mr. Johnson and vote to table any motion to vacate him from the speaker’s chair, blocking it from coming up. Representative Marjorie Taylor Greene, Republican of Georgia, has filed such a measure and threatened to call a snap vote on it, a threat she renewed on Tuesday after Democrats made clear their intentions. “At this moment, upon completion of our national security work, the time has come to turn the page on this chapter of Pro-Putin Republican obstruction,” the Democratic leaders said in a joint statement.
Persons: Mike Johnson, Johnson, Marjorie Taylor Greene, Organizations: Republicans, Republican, Putin, Democratic Locations: Ukraine, Georgia
When Representative Hakeem Jeffries, the House Democratic leader, was in Munich in mid-February for the annual international security conference, Representative Michael R. Turner, the Ohio Republican and chairman of the Intelligence Committee, quietly sought him out with a request. Mr. Turner, according to those familiar with the private conversation, told Mr. Jeffries that he was committed to funding Ukraine’s war effort and believed that Speaker Mike Johnson would ultimately put an aid package on the floor, in defiance of right-wing Republicans opposed to doing so. Mr. Jeffries said he would take the idea under advisement. About 10 days later, after a Feb. 27 Oval Office session with President Biden and congressional leaders, Mr. Jeffries made his move. At a luncheon the next day at the Washington bureau of The New York Times, Mr. Jeffries responded to a question that he believed “a reasonable number” of Democrats would bail out Mr. Johnson if he put the aid package to a vote and faced ouster because of it.
Persons: Hakeem Jeffries, Michael R, Turner, Mr, Jeffries, Mike Johnson, Johnson, ultraconservatives, Kevin McCarthy, Biden Organizations: Democratic, Ohio Republican, Intelligence Committee, Republicans, The New York Times Locations: Munich, Washington
Senator Chuck Schumer, the New York Democrat and majority leader, insists that Congress isn’t broken — it just has a stubborn glitch. As he celebrated approval this week of a major national security spending measure to aid Ukraine and Israel that took months of wrangling and strategizing, Mr. Schumer said the success of the package validated his view that bipartisanship can prevail once extreme elements on Capitol Hill are sidelined. “I don’t think that Congress is dysfunctional,” Mr. Schumer said in an interview. “It’s that there are some dysfunctional people in Congress, and we can’t let them run the show.”The majority leader said that the passage of the foreign aid bill, the renewal of a warrantless electronic surveillance program and the approval of government funding for the year have shown that Congress can still function if its damaging glitch — right-wing lawmakers invested in chaos — is dealt out.
Persons: Chuck Schumer, Schumer, , Mr Organizations: New York Democrat Locations: Ukraine, Israel
They'd been smart with their money, Carl had maxed out his 401(k) every year, and they'd made money flipping homes. With a specific early retirement goal in mind, however, they revamped their investment strategy — and they started seeing results. He and Mindy, who works part-time as a podcast host for BiggerPockets, have grown their investment portfolio from $586,000 in 2013 to $4.6 million in 2024. "Almost all of our new money goes to index funds at this point in our life." Courtesy of Carl and Mindy JensenAs for general investing advice, "If they want to be completely passive, they should do index funds," said Carl.
Persons: Carl Jensen, , weren't, They'd, Carl, maxed, they'd, Mindy, Carl Jensen They're, who's, I'm, Let's, we're, we've, Collins, Jensen, Mindy Jensen Organizations: Independence, Business, Google, Vanguard, Fund, Vanguard Information Technology Index Fund ETF, Fidelity, MLS Locations: Longmont , Colorado, It's, Colorado
Senator Mitch McConnell does not give much away even in the most private of settings. “I wasn’t trying to convince Johnson of anything other than we had a time problem,” Mr. McConnell said in an interview on Tuesday, recounting the White House meeting and his message that help for Ukraine could not wait for Mr. Johnson’s political problems to sort themselves out. “I didn’t think we had time to fool around.”Mr. McConnell did not get immediate results. It took almost two more months and some legislative circuity. But Mr. Johnson finally acted last week and the House sent the aid package to the Senate, which followed suit on Tuesday night in overwhelmingly approving more than $60 billion in assistance for beleaguered Ukraine after months of delay and political strife.
Persons: Mitch McConnell, Biden, Mike Johnson, Johnson, McConnell, Chuck Schumer, Hakeem Jeffries, , Mr, ” Mr Organizations: Republican, Oval, Democratic, House, Senate Locations: Ukraine, Kyiv
Necessity Gives Rise to Bipartisanship — for Now
  + stars: | 2024-04-21 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
When Congress convened in 2023, an empowered far-right Republican faction in the House threatened to upend Washington and President Biden’s agenda. But the intransigence of that bloc instead forced Republicans and Democrats into an ad hoc coalition government that is now on the verge of delivering long-delayed foreign military aid and a victory to the Democratic president. The House approval on Saturday of money for Ukraine, Israel and Taiwan over angry objections from the extreme right was the latest and perhaps most striking example of a bipartisan approach forged out of necessity. The coalition first sprang up last year to spare the government a catastrophic debt default, and has reassembled at key moments since then to keep federal agencies funded. Unable to deliver legislation on their own because of a razor-thin majority and the refusal of those on the right to give ground, House Republicans had no choice but to break with their fringe members and join with Democrats if they wanted to accomplish much of anything, including bolstering Ukraine in its war against Russia.
Persons: Biden’s Organizations: Republican, Democrats, Democratic, Republicans Locations: Washington, Ukraine, Israel, Taiwan, Russia
The Breakthrough Prize Awards were hosted in Los Angeles on Saturday. Nicknamed the "Oscars of Science," the ceremony brought together an array of famous faces. From Kim Kardashian to Elon Musk, here's a look at eight of the best-dressed attendees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Breakthrough Prize Awards, dubbed the "Oscars of Science," took place in Los Angeles on Saturday.
Persons: Kim Kardashian, Elon Musk, , Mark Zuckerberg, Sergey Brin, Anne Wojcicki, Carl H Organizations: Service, Business Locations: Los Angeles
Speaker Mike Johnson on Monday said he planned this week to advance a long-stalled national security spending package to aid Israel, Ukraine and other American allies, along with a separate bill aimed at mollifying conservatives who have been vehemently opposed to backing Kyiv. It came days after Iran launched a large aerial attack on Israel, amplifying calls for Congress to move quickly to approve the pending aid bill. lawmakers on his plan, Mr. Johnson said he would cobble together a legislative package that roughly mirrors the $95 billion aid bill the Senate passed two months ago but that is broken down into three pieces. Lawmakers would vote separately on a bill providing money for Israel, one allocating funding for Ukraine and a third with aid for Taiwan and other allies. “We know that the world is watching us to see how we react,” Mr. Johnson told reporters.
Persons: Mike Johnson, G.O.P, Johnson, , Mr, Putin, Xi, Organizations: Congress, Israel, Ukraine, Republicans Locations: Israel, Ukraine, Iran, Taiwan, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot of optimism baked into upcoming earning season, analyst saysCarl Hazeley, lead analyst at Finimize, discusses the outlook for U.S. banks' earning season.
Persons: Carl Hazeley
Three Democrats have said they intend to oppose the confirmation of Mr. Mangi to the Philadelphia-based U.S. Court of Appeals for the Third Circuit in response to objections from local law enforcement groups. He has also faced what his backers label an unfounded bigoted assault from Republicans who have accused him of antisemitism and sympathy with terrorists. If Republicans remain united against him, as expected, and the Democrats cannot be persuaded to change their position, Mr. Mangi would lack the votes to be confirmed. The showdown is a new obstacle for the Biden administration and Senate Democrats as they try to fill as many federal court openings as they can before November. It has also angered Democrats who believe Mr. Mangi, a litigator from New Jersey and partner in a New York law firm, has been subjected to a baseless and ugly assault by Republicans because of his religion.
Persons: Biden, Mangi Organizations: Appeals, Third Circuit, Republicans, Democrats Locations: American, Philadelphia, New Jersey, New York
When Senator Mitch McConnell, the Kentucky Republican and longest-serving Senate leader, decided to step aside from his leadership role at the end of the year, it signaled the turning of a new page in the chamber. For all the power they wield in Congress, Senate leaders have not had to fight too hard for their positions in recent years. Mr. McConnell, the current record-holder with almost 18 years at the top, did not face an opponent when he first won the job in 2006. Before Senator Harry Reid’s retirement in 2017, the Nevada Democrat and party leader passed the reins seamlessly to Senator Chuck Schumer of New York. Mr. Reid himself had quickly sewn up the Democratic job when it suddenly came open in 2004.
Persons: Mitch McConnell, John Cornyn of, John Thune of, McConnell, Rick Scott of, Harry Reid’s, Chuck Schumer, Reid Organizations: Kentucky Republican, Nevada Democrat, Democratic Locations: John Cornyn of Texas, John Thune of South Dakota, Rick Scott of Florida, New York
The Far Right Lost Badly and Wants Its Revenge
  + stars: | 2024-03-23 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
As 2023 opened with Republicans newly in control of the House, the far-right members of the party considered themselves empowered when it came to federal spending, with increased muscle to achieve the budget cuts of their dreams. But it turned out that many of their Republican colleagues did not share their vision of stark fiscal restraint. Or at least not fervently enough to go up against a Democratic Senate and White House to try to bring it into fruition. Instead, Speaker Mike Johnson on Friday pushed through a $1.2 trillion bipartisan package to fund the government for the rest of the year, with none of the deep cuts or policy changes that ultraconservatives had demanded. Those on the right fringe have been left boiling mad and threatening to make him the second Republican speaker to be deposed this term.
Persons: Mike Johnson, ultraconservatives, , Thomas Massie, Marjorie Taylor Greene, Johnson Organizations: Democratic, White House, Republican Locations: Kentucky, Georgia
Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment also moved into positive territory for the first time since July. Fifty is the line between positive and negative sentiment. "But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes." Regionally, on a three-month moving average, sentiment rose most in the Midwest and West.
Persons: Carl Harris, Robert Dietz Organizations: National Association of Home Builders, West, Builders, Federal Reserve Locations: Wells Fargo, Wichita , Kansas, Midwest
Senator Katie Britt, Republican of Alabama, had not finished delivering her breathless, overly dramatized and fact-challenged response to President Biden’s State of the Union address last week when the ridicule and criticism began pouring in from Republicans and Democrats alike. Her delivery from an oddly empty kitchen was stilted and awkwardly strident. And, as a freelance journalist soon discovered, she used a misleading account of sex trafficking to criticize border policies, falsely implying that it had taken place in the United States under Mr. Biden. In fact, it happened many years ago in Mexico during the administration of President George W. Bush. It will no doubt shadow her budding Senate career as the single thing most Americans know about her.
Persons: Katie Britt, Biden, George W, Bush, Ms, Britt Organizations: Republican, Union, Republicans, Democrats Locations: Alabama, Biden’s, United States, Mexico, Montgomery , Ala, United States of America
Is the End of the Filibuster Near?
  + stars: | 2024-03-13 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
Time may be finally running out on the filibuster, the signature dilatory tactic in the Senate embraced by some as a protector of minority rights and reviled by others as an outdated weapon of partisan obstruction. With the announcement by Senator Kyrsten Sinema of Arizona that she will not seek re-election, the filibuster is now on track to lose the two senators who preserved it in 2022 over the objections of the rest of their party. She and her fellow filibuster defender, Senator Joe Manchin III of West Virginia, who is also retiring, left Democrats just two votes short of ending the filibuster when it came to voting law changes that were backed by a majority. Perhaps just as significantly, Senator Mitch McConnell, the Kentucky Republican who has enthusiastically deployed the filibuster to his advantage for decades, is stepping down from his top party leadership post, reducing the influence of one of the chief practitioners and defenders of filibuster maneuvering. Depending on how the November elections shake out, the pressure to reduce the power of the procedural tool — which effectively requires 60 votes to move any legislation forward in the Senate — could be substantial.
Persons: Kyrsten Sinema, Joe Manchin III, Mitch McConnell Organizations: Kentucky Republican Locations: Arizona, West Virginia
Their November collision began to look even more likely after Mr. Trump scored a decisive win in Iowa in January. Already, Mr. Trump and Mr. Biden had shifted their focus away from the primaries. But Mr. Biden has already been using the political and financial apparatus of the Democratic National Committee. Mr. Biden is viewed unfavorably by a majority of Americans — a precarious position for a president seeking re-election — although so is Mr. Trump. Mr. Biden and his allied groups also have a significant financial advantage over Mr. Trump, whose legal bills are taking a toll.
Persons: Biden, Donald J, Trump, Mr, Nikki Haley, Biden’s, , Joe Biden, , Haley, Trump’s, California’s, Robert F, Kennedy Jr, Dean Phillips, Marianne Williamson, Juan M Organizations: Tuesday, Associated Press, Democratic, Republican, Mr, Washington State, Democratic National Committee, Republican National Committee, D.C, Dean Phillips of Minnesota, Manhattan Locations: Iowa, Georgia, Georgia , Mississippi, Hawaii, Vermont, Washington, Gaza, New York
The Functional Dysfunctional Congress
  + stars: | 2024-03-08 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
For days before a Friday midnight deadline, there is no official word of a compromise between Republicans and Democrats that will avert the crackup. But behind the scenes, members of the appropriations committees in both parties are hammering out complex deals among themselves. He puts the legislation on the floor using a maneuver that effectively deprives hard-right Republican rebels of the means to block it. The archconservatives breathe fire and condemn it, but the bill passes easily, with far more Democratic than Republican support. The Senate sends the measure to President Biden, who quickly signs it.
Persons: Mike Johnson hems, haws, Johnson, Biden Organizations: Republicans, Democrats, Republican, Democratic, Senate
A contest that had been simmering in the background was suddenly thrust front and center this week by Mr. McConnell’s earlier-than-expected announcement that he would not seek to remain his party’s leader. The contenders immediately began wooing their colleagues for the chance to become the first new face of their party in the Senate in almost two decades. “It is a lot of runway,” Senator John Thune of South Dakota, the No. 2 Republican, said about the months remaining before the party’s first seriously contested leadership race since Mr. McConnell took over in 2007. The true electorate is not even known yet, since those voting for next year’s leader will include anyone who wins a seat in November — and exclude anyone who loses.
Persons: Mitch McConnell, McConnell’s, John Thune of, McConnell Organizations: Capitol Locations: John Thune of South Dakota
Mitch McConnell has confessed over the years that as a junior member of the Senate, he longed to be the one whom reporters chased down for information as he jealously watched his more senior colleagues being pursued by the media while he was ignored. He noted that President Ronald Reagan had once misidentified him as Mitch O’Donnell. Then, after Mr. McConnell, a Kentucky Republican, had accumulated real power in the Senate as both majority and minority leader over a 17-year stretch and deftly applied it to bend the Senate to his will, he clammed up. He often refused to even acknowledge the existence of the press as reporters posed questions and he strolled by, sphinx-like. He reiterated that view on Thursday in his first day as a lame-duck leader.
Persons: Mitch McConnell, , Ronald Reagan, Mitch O’Donnell, , McConnell Organizations: Senate, Kentucky Republican Locations: Kentucky, United States, Soviet Union
Senator Mitch McConnell, the longtime top Senate Republican, said on Wednesday that he would give up his spot as the party’s leader at the end of this year, acknowledging that his Reaganite national security views had put him out of step with a party now headed by former President Donald J. Trump. “Believe me, I know the politics within my party at this particular time,” Mr. McConnell, who turned 82 last week, said in a speech on the Senate floor announcing his intentions. Misunderstanding politics is not one of them.”His decision, reported earlier by The Associated Press, was not a surprise. Mr. McConnell suffered a serious fall last year and experienced some episodes where he momentarily froze in front of the media. Mr. McConnell had said that he would serve out his full Senate term ending in 2027, but had been more opaque about whether he would try to remain leader after the November elections.
Persons: Mitch McConnell, Donald J, ” Mr, McConnell, Organizations: Republican, Trump, Associated Press Locations: Ukraine
Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. While Carl Icahn is not slowing down at all, in October 2020, he reached an agreement with his son Brett Icahn to rejoin the firm as the eventual successor. Carl Icahn is the quintessential, iconic corporate governance investor. On Jan. 19, Carl Icahn started acquiring his position. On Feb. 12, her first day in her new post, she had a Carl Icahn 13D on her desk.
Persons: Carl Icahn, Brett Icahn, Brett, hasn't, Carl, Sargon, Joanna Geraghty, Carl Icahn 13D, Icahn, Robin Hayes, Geraghty, Hayes, Ken Squire Organizations: Apple, Netflix, Forest Labs, JetBlue, Spirit, Investors, U.S, Transportation Department, 13D Locations: Icahn, Delta, United
To Mr. Schumer of New York, the majority leader, the ultimatum revived unpleasant memories of his participation in difficult immigration negotiations in 2013 that yielded a compromise, only to collapse despite strong bipartisan support in the Senate. But saying no could doom the Ukraine aid and leave Democrats holding the bag. He and his staff grappled with the problem for a week, then gathered for a conference call on Sunday, Nov. 5. “We had an epiphany — sort of, lightning strikes,” Mr. Schumer recalled in an interview. The final package notably did not contain new border security provisions, after Senate conservatives opted to kill that element of the legislation despite their initial insistence that it be included.
Persons: Mitch McConnell, Chuck Schumer, Schumer, , ” Mr, it’s Organizations: Kentucky Republican, Democratic, Capitol Locations: Ukraine, New York, Israel, U.S
Senator Mitch McConnell put his standing on the line in aggressively pursuing military assistance for Ukraine over deep Republican resistance, and he achieved the outcome he wanted: a strong Senate vote to bolster embattled U.S. allies at a critical moment. “History settles every account,” Mr. McConnell, Republican of Kentucky and the minority leader, said in a statement issued early Tuesday, minutes after the Senate voted 70 to 29 for a $95 billion foreign aid package. “And today, on the value of American leadership and strength, history will record that the Senate did not blink.”But his hard-fought legislative victory came at a cost. The bitter Senate fight over the aid package — money that Mr. McConnell framed as essential to preserving Western power — exposed serious divisions among Senate Republicans not just over Ukraine and border security policy but over his leadership. The fallout underscored Mr. McConnell’s waning influence over his party’s rank and file and raised new questions about his future.
Persons: Mitch McConnell, ” Mr, McConnell Organizations: Republican, Senate, Republicans Locations: Ukraine, U.S, Kentucky
Seventeen Senate Republicans have bucked a majority of their party and former President Donald J. Trump in joining Democrats to push military assistance for Ukraine toward approval in the Senate, highlighting a widening foreign policy divide in the contemporary Republican Party. The 17 senators, mainly national security hawks who include several military veterans, have provided the votes necessary to overcome multiple filibusters backed by a majority of their colleagues, clearing the way for approval within days of $95 billion in aid to Ukraine, Israel and allies in the Pacific region. “The thread that binds that group together is national security,” said Senator Jerry Moran, a Kansas Republican who is one of the 17. “America’s national security, the belief that what happens in Ukraine matters to the United States, the belief that what happens in Israel matters and the belief that what happens in the South Pacific matters.”Backing the funding could draw condemnation from Mr. Trump and his allies, a possibility that was most likely a factor in the decision of some to oppose it.
Persons: Donald J, , Jerry Moran, , Trump Organizations: Republicans, Trump, Democrats, Republican Party, Kansas Republican Locations: Ukraine, Israel, Pacific, Kansas, United States, South Pacific
Is the Senate Becoming the House?
  + stars: | 2024-02-09 | by ( Carl Hulse | ) www.nytimes.com   time to read: +1 min
In 2008, as the nation faced a catastrophic financial crisis, the House did what it sometimes does — veered off the rails. It was the steadier Senate that had to step in and take over, find a way to approve the legislation and show the House how it was done. When the unruly House, with its treacherous two-year election cycle, melts down, the Senate is expected to step up, providing the adult supervision needed in the legislative world. The august Senate — at least on the Republican side — is becoming more like its chaotic counterpart across the Rotunda every day. The Senate Republican Conference, as it is known, is more publicly divided and feuding than at any time in recent memory, a rare development for a group led by Senator Mitch McConnell, Republican of Kentucky and the minority leader, who has always taken great pains to conceal internal disputes.
Persons: Mitch McConnell, McConnell Organizations: Senate, Republican, Republican Conference Locations: Washington, Kentucky
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