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Vice President Kamala Harris said on Saturday that she would seek to end federal income taxes on tips if she were elected president, mirroring a policy proposal that former President Donald J. Trump made earlier this year. The proposal from Ms. Harris — which she announced in Las Vegas, where thousands of casino employees depend on tipped wages — is a priority of Nevada’s influential Culinary Workers Union. Both Ms. Harris and her running mate, Gov. Tim Walz of Minnesota, recognized the union in their remarks to a packed basketball arena on Saturday night. Mr. Trump also announced his support for the policy in Las Vegas.

Persons: Kamala Harris, Donald J, Trump, Harris, Tim Walz, ” Ms, Ted Cruz, Catherine Cortez Masto, Jacky Rosen Organizations: Culinary Workers Union, Las, Texas Republican, Democratic Locations: Las Vegas, Minnesota, America

☆ Some Jewish Democrats wonder if America is ready for a Jewish vice president
▼ + stars: | 2024-08-02 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

After all, the last time a guy named Shapiro had been elected governor of Pennsylvania, he had years earlier anglicized his name to Shapp. “I’m not aware of how his position on Israel differs from the other potential vice presidents,” Hawaii Sen. Brian Schatz, who is both Jewish and a proud progressive, told CNN. Of the VP’s choices, Shapiro is the one who stands out as the most divisive and could put a stop in everyone being on the same page,” said one Jewish Democratic operative. But I will say his attacks, this might surprise you, don’t bother me personally,” Shapiro said at the time. But calling what’s coming at Shapiro “pure antisemitism,” Rep. Dan Goldman, a New York Democrat, warned against that defensive way of thinking.

Persons: Josh, Shapiro, Lori, Kamala Harris ’, –, —, J.B . Pritzker, Harris ’, Israel –, Harris, Josh ”, “ I’m, Hawaii Sen, Brian Schatz, ”, Greg Landsman –, Micah, Hebrew, ” Landsman, Nevada Sen, Jacky Rosen, she’d, “ It’s, Simone Zimmerman –, ” Zimmerman, “, ” Shapiro, He’s, Connecticut Sen, Joe Lieberman —, South Carolina Sen, Lindsey Graham, “ He’s, he’s, Doug Emhoff, “ doesn’t, ” Ed Rendell, ” Rendell, Rendell, Josh Shapiro, they’ve, ” Long, Avi, Sen, Ted Kennedy, Mikhail Gorbachev, Emhoff, Benjamin Netanyahu “, Amy Spitalnick, Josh ’, Adam Schiff, Tim Walz, what’s, Dan Goldman, ” Goldman, ” CNN’s Morgan Rimmer, Owen Dahlkamp, Haley Talbot Organizations: CNN, Democratic, Illinois, Democratic Socialists of America, Sunrise Movement, Jewish Democrats, ”, GOP, Philadelphia Inquirer, Republican, Jewish Council, Public, Jewish Democratic, New, New York Democrat Locations: Pennsylvania, Israel, Michigan, Hawaii, Ohio, America, Nevada, Las Vegas, Gaza, Connecticut, South Carolina, Washington, Philadelphia, United States, Soviet, Pittsburgh, California, Minnesota, New York

☆ Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
▼ + stars: | 2024-07-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's safe to say that Americans can count on an interest rate cut pretty soon, but probably not this week. On Wednesday, the Federal Open Market Committee will announce its next interest rate decision, and it's once again expected to hold rates steady. However, the FOMC's September meeting could finally bring Americans the relief they've been waiting for — CME FedWatch showed markets think it's all but certain the Fed will cut rates that month. Lower interest rates would make borrowing more affordable for consumers and businesses alike. "You have kept interest rates too high for too long: it is time to cut rates," they wrote.

Persons: it's, Claudia Sahm, Greg McBride, There's, Jerome Powell, Powell, Sahm, Matt Colyar, September's, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Federal, CME FedWatch, Business, New Century Advisors, Fed, Banking, Housing, Urban Affairs, Democratic, Moody's

☆ How the Harris 2024 shake-up could affect House and Senate races
▼ + stars: | 2024-07-27 | by ( Zachary B. Wolf | Simone Pathe | ) edition.cnn.com time to read: +13 min

It could also have a major impact on House and Senate races. We talked by email about the state of play for the House and Senate and how the shake-up in the presidential race might change things. PATHE: House races are typically more nationalized than Senate races because the candidates are lesser known; therefore, it’s harder for them to separate themselves from their party and the top of the ticket. WOLF: The presidential primary process is over, but we’re still in the thick of statewide primaries for House and Senate races. WOLF: If there’s one Senate race that could be a bellwether for the country as a whole, which one is it and why?

Persons: Kamala Harris, Joe Biden, Simone Pathe, Harris, Biden, It’s, Donald Trump, Trump, Wisconsin Sen, Tammy Baldwin, who’s, Baldwin, she’d, Sen, Jon Tester, Tester, it’s, Priscilla Alvarez, hasn’t, WOLF, Ohio’s Sherrod Brown, doesn’t, Brown, — Tester, Bob Casey of Pennsylvania, Jacky Rosen, Nevada –, —, There’s, we’re, — GOP Sen, Rick Scott, Debbie Mucarsel, Powell, Colin Allred, GOP Sen, Ted Cruz, there’s, Cruz, we’ve, Beto O’Rourke’s, Jaime Harrison’s, South Carolina Sen, Lindsey Graham, Allred —, That’s, Debbie Stabenow, Elissa Slotkin, Mike Rogers Organizations: CNN, CNN Politics, Senate, PATHE, Democratic, Black, Biden, Trump, Air Force, GOP, Republican, Democrat, House, — GOP, of Houston, South Carolina, Democrats, Democratic Rep Locations: Washington, Wisconsin, Madison, Milwaukee, Baldwin, Montana, California, Pennsylvania, Trump, New York, Oregon , Washington , Colorado , Michigan, North Carolina, New Mexico, Maine, Alaska, York, Ohio, In Ohio, Nevada, Arizona , Michigan, West Virginia, — Texas, Florida, Maryland, Texas, Michigan

As Sam Brown, a Republican and Army veteran, has campaigned for Nevada’s U.S. Senate seat against Senator Jacky Rosen, he has deployed a potent weapon against his Democratic foe: the unpopularity of President Biden among the state’s voters. Mr. Brown and his campaign have linked Ms. Rosen to Mr. Biden and his policies at every turn, slamming her support for him on the campaign trail and online and even occasionally referring to her as “Jacky Biden.”Now, with Mr. Biden’s future at the top of the Democratic ticket in doubt, Republicans like Mr. Brown, campaigning in competitive down-ballot races that could decide control of Congress, are considering whether they will need to alter their messaging to account for a different Democratic presidential nominee — whether that is Vice President Kamala Harris or another challenger.

Persons: Sam Brown, Jacky Rosen, Biden, . Brown, Rosen, Mr, “ Jacky Biden, ”, Biden’s, Brown, —, Kamala Harris Organizations: Republican, Army, Nevada’s U.S, Senate, Democratic

☆ Opinion | A Tax Break for Waiters Won’t Convince Working People to Vote for Trump
▼ + stars: | 2024-07-15 | by ( Lauren Hough | ) www.nytimes.com time to read: +2 min

When you’re paid in tips, you’re never really sure if you’ll make rent. At a rally last month in Nevada, Donald Trump announced that, if elected, he would exempt tips from federal taxes. 6 is “Large tax cuts for workers, and no tax on tips!” Republicans in Congress are already working on a bill designed to do just that. Last week, they introduced “Tax Free Tips Act of 2024,” which would end federal income and employment taxes on tips. The other half, which earns less than 32,000, already don’t pay federal taxes on their income.

Persons: didn’t, Grandma wasn’t, you’re, Donald Trump, ”, Jacky Rosen, Catherine Cortez Masto, Trump Organizations: Republicans, Senate, Democratic, Social Security Locations: Amarillo , Texas, Nevada

☆ How Biden’s 2024 choice could reshape the Senate and Supreme Court for years
▼ + stars: | 2024-07-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

But recent history raises deep questions about whether Democratic Senate candidates can continue to levitate as far above the presidential ticket as polls now show. “A Democratic Senate majority coalition relies on having both Senators from a state such as Michigan,” said Daniel Hopkins, a University of Pennsylvania political scientist. As recently as the 1980s, it was common for voters to split their tickets in Senate races. Still, even that alignment left room for some Senate candidates to swim against this general tide. This history, by itself, doesn’t answer whether Democratic Senate candidates would have better prospects with or without Biden as their presidential nominee.

Persons: Joe Biden, Biden, Donald Trump, Republican Sen, Susan Collins of, Trump, Samuel Alito, Clarence Thomas, Sonia Sotomayor, ”, Democratic Sen, Evan Bayh, Bayh, “, —, Sen, Joe Manchin, who’s, Democratic Sens, Sherrod Brown of, Jon Tester, Montana, Bob Casey, Tammy Baldwin, Jacky Rosen, Elissa Slotkin, Ruben Gallego, Kyrsten, Martin Heinrich, Nella Domenici, Pete Domenici, Curtis Bashaw, Andy Kim, Bob Menendez, Rick Scott, Ted Cruz, Collins, Ron Johnson, Daniel Hopkins, — hasn’t, David Bergstein, ” Bergstein, ” Mike Berg, ” Lee Drutman, Drutman, Biden’s, ” Drutman, Democratic pollster, ” Jason Kander, Kander, Hillary Clinton, Clinton, Roy Blunt, doesn’t, ” Kander, ” Bayh, Republican Todd Young, it’s, Ronald Reagan’s, Barack Obama, Obama, Republican Dean Heller, Heller —, Steve Bullock, Jesse Hunt, Hunt, Hopkins Organizations: CNN, Senate, Democratic, Republican, White, GOP, West, Republicans, Biden, Democratic Sens, Democrats, Trump, University of Pennsylvania, don’t, Democratic Senatorial, “ Republicans, National Republican Senatorial, Democratic Senate, ”, White House, Indiana Senate, Democratic Gov Locations: Susan Collins of Maine, Indiana, West Virginia, Sherrod Brown of Ohio, Pennsylvania, Wisconsin, Nevada, Michigan, Arizona, New Mexico, New Jersey, Florida, Texas, North Carolina, — Maine, Florida , Iowa, Ohio, New America, Missouri, Southern, Maine, Iowa , Kansas , Kentucky, Montana , South Carolina

☆ The Fed confirms that Americans will have to wait longer for interest rate cuts
▼ + stars: | 2024-06-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The nation's central bank is once again leaving interest rates unchanged as it works to lower inflation. On Wednesday, the Federal Open Market Committee announced that it's holding its key interest rate benchmark steady in a range of 5.25% to 5.5%, continuing the pause that first began in September last year. The Summary of Economic Projections, released alongside the FOMC's interest rate decision, penciled in just one rate cut for 2024. "This housing-related inflation is directly driven by high interest rates: reducing rates will reduce the costs of renting, buying, and building housing, lowering Americans' single highest monthly expense," they wrote. "Lowering interest rates will likely also decrease the cost of auto insurance as well, which has risen due to factors completely unrelated to the cost of lending."

Persons: it's, Jerome Powell, We've, Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Brendan Boyle, Sen, Sheldon Whitehouse Organizations: Service, Federal, Market Committee, Business, Fed, European Central Bank Locations: Sens

☆ Election Updates: Nancy Mace faces a South Carolina primary fight and four other states go the polls.
▼ + stars: | 2024-06-11 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

Here are the primaries to keep an eye on:Nancy Mace, a Trump vice-presidential contender, will be on the ballot in South Carolina. Representative Nancy Mace, Republican of South Carolina, who is a contender to be Mr. Trump’s running mate, faces a primary opponent backed by former Speaker Kevin McCarthy, who opposes her because she voted to oust him from the speakership last year. The primary, in the state’s First Congressional District, comes just days after the House Ethics Committee started looking into Ms. Mace’s use of a congressional reimbursement program. Mr. Brown will face Jeff Gunter, a wealthy dermatologist who was Mr. Trump’s ambassador to Iceland, as well as Jim Marchant, who has supported Mr. Trump’s lie that the 2020 election was stolen from him, and a number of other minor candidates. Mr. Theriault has been endorsed by Mr. Trump, who urged his supporters on the eve of the election to back him.

Persons: Bill Johnson, Michael Rulli, Michael L, Donald J, Trump, Nancy Mace, Trump’s, Kevin McCarthy, Catherine Templeton, Nikki Haley, Templeton, Mace, Ms, Haley’s, MAGA, Jeff Duncan, William R, Timmons IV, State Representative Adam Morgan, Sam Brown, Brown’s, Jacky Rosen, Brown, Joe Lombardo, Jeff Gunter, Jim Marchant, Doug Burgum, Kelly Armstrong, Biden’s, Hunter, Tammy Miller, Burgum, Merrill Piepkorn, Jared Golden, State Representative Austin Theriault, State Representative Michael Soboleski, Mr . Theriault Organizations: Ohio’s Sixth Congressional District, Republican, Democratic, Trump, Congressional, Republican Party, District, Fourth, State Representative, Trump . Nevada Republicans, U.S, Senate, Army, Mr, North Dakota Republicans, Gov, Democrat, Maine Republicans, NASCAR Locations: South Carolina , Nevada , Maine, North Dakota, Ohio, South Carolina, Nevada, Trump, Iceland, Maine

☆ The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
▼ + stars: | 2024-06-11 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Americans shouldn't expect interest rate cuts to head their way anytime soon. Related stories"It may be bad, partly, because it is driven in part by uncertainty and fear and high interest rates holding back activity," Pollak added. "And if I had to bet, I bet that we will get two rate cuts, one in September and one in December." Some Democratic lawmakers have been pushing the Fed to cut rates and give Americans some breathing room, especially after the European Central Bank cut rates earlier in June for the first time in five years. "The Fed's decision to keep interest rates highs continues to widen the rate gap between Europe and the U.S, as the lower interest rates could push the dollar higher, tightening financial conditions," they wrote, adding: "You have kept interest rates too high for too long: it is time to cut rates."

Persons: there's, Jerome Powell, Powell, Julia Pollak, ZipRecruiter, It's, Pollak, Nick Bunker, Joseph Briggs, Goldman Sachs, we're, David Kelly, Kelly, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Reserve, Business, North America, Morgan Asset Management, Democratic, European Central Bank Locations: United States, Amsterdam, Sens, Europe

☆ Trump Endorses Sam Brown in Nevada’s Key Senate Race
▼ + stars: | 2024-06-09 | by ( Kellen Browning | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump on Sunday said he was endorsing Sam Brown, the Army veteran who is leading the crowded Republican primary field in Nevada’s U.S. Senate race. “Sam Brown is a fearless American patriot,” Mr. Trump wrote in a post on his social media site, Truth Social, adding that Mr. Brown would “fight tirelessly” to protect the border and improve the economy. Mr. Trump’s opinion was the sole remaining question mark. Though he is campaigning as a strong supporter of the former president, Mr. Brown was late to formally back Mr. Trump’s bid for a second term, and his primary rivals sought to capitalize from the right. Jeff Gunter, a wealthy dermatologist and Mr. Trump’s ambassador to Iceland, staked out a position as a MAGA candidate, slamming Mr. Brown in television advertisements as he angled for a possible endorsement from Mr. Trump.

Persons: Donald J, Trump, Sam Brown, “ Sam Brown, ” Mr, Brown, Brown’s, Jacky Rosen, Joe Lombardo, Trump’s, Jeff Gunter, MAGA Organizations: Army, Republican, Senate, Democratic Locations: Nevada’s U.S, American, Iceland

☆ Election 2024 Trump holds a rally in North Carolina, capping off the first week of his trial.
▼ + stars: | 2024-04-20 | by ( Chris Cameron | ) www.nytimes.com time to read: +5 min

That changed on Thursday, when Mr. Brown appeared to address Mr. Gunter for the first time, at a private fund-raising event in Sparks, Nev., after Mr. Gunter accused him in ads and appearances of being disingenuous and not sufficiently pro-Trump. A group backing Mr. Brown’s campaign, the Duty First PAC, ran its first television ad this week since last year, a $322,000 reservation, according to the tracking firm AdImpact. Mr. Brown’s campaign declined to comment on Mr. Gunter. Mr. Trump made several posts seeming to express his approval for Mr. Brown on Truth Social, his social media platform, this month. Mr. Gunter said he was “running that place like clockwork,” and that the government report was “bogus.”

Persons: Nevada’s, Sam Brown, Jeff Gunter, Donald J, Trump, MAGA, Brown’s, Gunter, Brown, Mitch McConnell of, ” Mr, Jacky Rosen, Nev, Mr, Mike Berg, Gunter’s, Berg, Sam Brown’s, ”, Chuck Muth, Muth, he’s, California Democrat —, General Organizations: Republican, Senate, U.S . Army, National Republican Senatorial Committee, Trump, Democratic, The New York Times, Mr, “, “ California Democrats, Tarrance, Truth, Brown, Texas State House, Nevada State Assembly, California Democrat, Democrat, CBS Locations: Iceland, Mitch McConnell of Kentucky, Afghanistan, Sparks, California, “ California, Las Vegas, Nevada, Dallas

☆ Why Is Adeel Mangi’s Confirmation Still in Jeopardy? - The New York Times
▼ + stars: | 2024-04-05 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +1 min

In 1999, a Florida lawyer, Anuraag Singhal, represented a man convicted of gunning down a police officer. Singhal had to somehow persuade a jury that his client, Jeffrey Lee Weaver, should face life in prison rather than the electric chair, the punishment the hard-charging prosecutor sought. The article described tears rolling down his cheeks, and his voice breaking with emotion as he pleaded for Weaver’s life. A divided jury recommended life in prison. He would become active in conservative legal circles, joining the local chapter of the Federalist Society.

Persons: Anuraag, gunning, Singhal, Jeffrey Lee Weaver, Jeff Weaver, you’ll, ” Singhal, Donald Trump, Catherine Cortez Masto, Jacky Rosen, Joe Manchin Organizations: The Sun Sentinel, Federalist Society, Democratic Locations: Florida, Nevada, West Virginia

Some Nevada Republicans say the story demonstrates Brown’s deeper understanding of the complexities of reproductive healthcare in a state where voters guaranteed the right to abortion through a referendum. They also hope it illuminates a gray area that many Republican women feel extends beyond “yes” or “no” answers on abortion rights. She said Nevada Republicans have no desire to overturn the state’s existing protections, unlike in Republican-led states like Texas and South Carolina. She also hopes the Browns’ announcement helps move abortion access, largely a winning issue for Democrats, “off the table” in the Senate race. When left to the states, women in Texas facing the same circumstances today would not have the options his wife had in the state in 2008.

Persons: —, Sam Brown's, “, ”, Pauline Ng Lee, Brown, Amy, Roe, Wade, Sam Brown, Democratic Sen, Jacky Rosen, Adam Laxalt, “ Amy, ” Rebecca Gill, Brown's, ” Gill, ” Lindsey Harmon, Democrat Rosen, doesn't, Brett Kavanaugh’s, Amy Brown’s, Republican Assemblywoman Danielle Gallant, She’s, Gallant, Amy Brown, Rosen, Adriana Gomez Licon, ____ Stern, Stern Organizations: —, Republican U.S, Republicans, GOP, Browns, U.S . Senate, Republican, Nevada Republican Club, Nevada Republicans, Senate, NBC News, Supreme, Democratic, Texas, Texas Legislature, NBC, Nevada, Associated Press, Army, University of Nevada, Parenthood, Democrat, America Statehouse News Initiative, America Locations: RENO, Nev, In Nevada, Nevada, Texas, South Carolina, Nevada's, In Texas, U.S, Afghanistan, San Antonio, Las Vegas, Parenthood Nevada, Carson City, Miami

Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.

Persons: Phil, Joe Biden’s, Biden, Donald Trump, “, Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic

☆ Trump criticizes Fed Chair Powell for considering interest rate cuts this year to 'help the Democrats' win elections
▼ + stars: | 2024-02-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

On a Friday morning interview with Fox News, Trump criticized Federal Reserve Chair Jerome Powell's handling of the economy, particularly regarding interest rates. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected." While the committee's Summary of Economic Projections in December penciled in three interest rate cuts for this year, Powell said on Wednesday that it's highly unlikely those cuts will take place at the next meeting in March. The jobs data on Friday will support a decision to delay rate cuts until after March — the US economy beat expectations by adding 353,000 jobs. However, some Democratic lawmakers have been urging Powell to consider cutting interest rates sooner rather than later to give Americans financial relief.

Persons: Donald Trump's, Trump, Jerome Powell's, Powell, reappoint Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Fox News, Federal

In a Sunday letter to Fed Chair Powell, shared first with CNN, Warren expressed alarm at how “astronomical” mortgage rates have made a bad situation worse and urged Fed officials to start cutting borrowing costs. “We urge you to consider the effects of your interest rate decisions on the housing market and to reverse the troubling rate hikes that have put affordable housing out of reach for too many,” Warren and fellow Democratic Sens. John Hickenlooper, Jacky Rosen and Sheldon Whitehouse wrote. “Come on, Fed! Turn it around and drop those interest rates,” Warren told CNN’s Kate Bolduan on Monday.

Persons: Sen, Sherrod Brown, Powell, ” Brown, Brown, Elizabeth Warren, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, “, CNN’s Kate Bolduan, Read Organizations: Banking, Fed, CNN, Democratic

☆ Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
▼ + stars: | 2024-01-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.

Persons: —, it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens

☆ It's time for the Fed to cut interest rates and bring relief to Americans who 'cannot afford to pay rent,' Elizabeth Warren says
▼ + stars: | 2024-01-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren joined some of her colleagues in pushing for the Federal Reserve to cut interest rates. AdvertisementAs Americans grapple with high housing costs, a group of Democratic lawmakers is urging the Federal Reserve to implement relief as soon as possible. While rent costs have decreased slightly over the past few months, "high interest rates mean higher mortgage rates for landlords, who may pass off these costs in the form of rent hikes for their tenants," the Democrats wrote. Powell has previously acknowledged the impact of interest rate increases on housing costs. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the Democrats wrote.

Persons: Sen, Elizabeth Warren, —, — John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Jerome Powell, Powell, they'll Organizations: Federal Reserve, Service, Democratic, Harvard's, for Housing Studies Locations: York

☆ Elizabeth Warren rips Fed for fueling affordability crisis in housing, calls for rate cuts
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —America has a housing affordability crisis and Elizabeth Warren blames Jerome Powell and his colleagues at the Federal Reserve. To fight inflation, the Fed spiked interest rates at the fastest pace since the early 1980s. However, the Fed’s war on inflation set off shockwaves in the housing market. The one-two punch of elevated borrowing costs and record-high home prices has made the housing market historically unaffordable. “High interest rates have aggravated the country’s crisis of housing access and affordability,” the Senate Democrats wrote.

Persons: Elizabeth Warren, Jerome Powell, Powell, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Freddie Mac, “, Tom Barkin didn’t, ” Organizations: New, New York CNN, Federal Reserve, CNN, Democratic, Democrats, Fed, National Association of Home Builders, Mortgage Bankers Association, National Association of Realtors, Richmond Fed Locations: New York, America, White

☆ Reaction to Drone Strike on US Troops in Jordan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

WASHINGTON (Reuters) - Three U.S. service members were killed and as many as 34 wounded, United States officials said on Sunday, after a drone attack in Jordan that they linked to Iranian-backed militants. REPUBLICAN FORMER PRESIDENT DONALD TRUMP"The drone attack on a U.S. Military Installation in Jordan, killing 3 American service members, and wounding many more, marks a horrible day for America ... This brazen attack on the United States is yet another horrific and tragic consequence of Joe Biden's weakness and surrender." MITCH MCCONNELL, US SENATE REPUBLICAN LEADER"Last night, the cost of failure to deter America's adversaries was again measured in American lives. CHUCK SCHUMER, US SENATE DEMOCRATIC LEADER"We mourn the deaths of the three service members killed by a drone attack in Jordan from an Iran-backed militant group.

Persons: JOE BIDEN, DONALD TRUMP, Joe Biden's, LLOYD AUSTIN, MICHAEL MCCAUL, MITCH MCCONNELL, CHUCK SCHUMER, HAKEEM JEFFRIES, Jordan, ISRAEL KATZ, ROGER WICKER, Biden, JACKY ROSEN, Susan Heavey, Kanishka Singh, Emily Rose, Hatem Maher, Heather Timmons, Matthew Lewis, Lisa Shumaker Organizations: WASHINGTON, United, DEMOCRATIC, REPUBLICAN, U.S, America, HOUSE, DEMOCRAT ON Locations: United States, Jordan, Iranian, Israel, Gaza, Iran, U.S, REPUBLICAN, Egypt, Hashemite Kingdom

The Ely Shoshone, Duckwater Shoshone, and the Confederated Tribes of the Goshute Reservation — a coalition representing about 1,500 enrolled tribal members — are lobbying the federal government to designate nearly 40 square miles (100 square kilometers) as Bahsahwahbee National Monument. He testified in a multi-decade legal battle alongside ranchers, local officials and environmental groups who all opposed the project by the Southern Nevada Water Authority. Protecting water for sacred trees is not something the agency had previously done, Sullivan said. Even if the land becomes a national monument, the water beneath Bahsahwahbee would remain under the state’s jurisdiction. The Southern Nevada Water Authority supports a monument designation that allows for the continuation of existing ranching and agricultural activities, said Bronson Mack, water authority spokesman.

Persons: ELY, — White, ”, Warren Graham, Mamie Swallow, Spilsbury, Charlene Pete’s, —, ” Pete, Ely Shoshone, Alvin Marques, David Charlet, ” Charlet, Adam Sullivan, Sullivan, Neal Desai, Bahsahwahbee, Graham, Bronson Mack, Avi Kwa, Joe Biden, Catherine Cortez Masto, Jacky Rosen, Deb Haaland, Cortez Masto’s, Monte Sanford, “ Organizations: Rocky, Ely Shoshone, Southern Nevada Water Authority, College of Southern, Nevada Division of Water Resources, Southern, Southern Nevada Water, National Park Service, National Parks Conservation Association, National Register of Historic Places, Land Management, The Southern, The Southern Nevada Water Authority, Nevada Legislature, United, Associated Press, Walton Family Foundation, AP, Press, Lilly Endowment Inc Locations: Nev, Nevada, Ely, Duckwater Shoshone, ”, Bahsahwahbee, Vegas, College of Southern Nevada, Southern Nevada, The, The Southern Nevada, Arizona, U.S, United States

LAS VEGAS (AP) — A proposed high-speed passenger train between Las Vegas and Southern California got another boost on Tuesday with Biden administration approval to issue $2.5 billion in tax-exempt bonds for the $12 billion project. The announcement benefiting the Brightline West project followed a $3 billion U.S. Department of Transportation grant in December and government authorization in 2020 for the company to sell $1 billion in similar bonds. "We appreciate the confidence placed in us by DOT and are ready to get to work,” Brightline founder and Chairman Wes Edens said in a statement. The 218-mile (351-kilometer) Brightline West project aims to whisk passengers at 186 mph (300 kph) or more in electric trains on new tracks along the Interstate 15 corridor — cutting in half a four-hour freeway trip between Las Vegas and suburban San Bernardino County near Los Angeles. No date has been announced for work to start, but officials have said it might be operational by the Summer Olympics in Los Angeles in 2028.

Persons: Biden, ”, Wes Edens, Sen, Jacky Rosen Organizations: LAS VEGAS, . Department of Transportation, Brightline Holdings, Los Angeles . Planners, Nevada -, Nevada U.S, Democrat, Summer Locations: Las Vegas, Southern California, Florida, U.S, Miami, Orlando, San Bernardino County, Los Angeles, Nevada, Nevada - California, Congress

Sam Brown, whose backing in Washington, D.C., and formidable 2022 campaign have made him a fundraising juggernaut above the crowded primary field. “Don’t vote for Sam Brown. “Nevada Republicans are uniting behind Donald Trump and Sam Brown because they are the only conservative champions who can defeat Biden and Rosen in November.”Former U.S. The last GOP primary debate between Florida Gov. Two years ago, Brown was a longshot Senate candidate who criticized Republican front-runner Adam Laxalt for agreeing only to a pre-recorded debate instead of a live, prime-time broadcast.

Persons: Sam Brown, Brown, “, ”, Bill Conrad, Brown’s, Donald Trump, Jacky Rosen, Biden, Rosen, Iceland Jeff Gunter, ” Gunter, Jim Marchant, Tony Grady, Stephanie Phillips, Ronda Kennedy, Ron DeSantis, Nikki Haley, Adam Laxalt, ” Brown, Mitch McConnell, Laxalt, Catherine Cortez Masto, Democratic Sen, ” Kennedy, ___ Stern, Stern Organizations: — Seven, Republican U.S, Washington , D.C, Army, “, “ Nevada Republicans, ” Former U.S, Air Force, Florida Gov, Republicans, Republican, GOP, Democratic, Associated Press, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada, Reno, Washington ,, U.S, Modesto , California, “ Nevada, ” Former, Iceland, Washington

LAS VEGAS (AP) — A planned high-speed rail line between Las Vegas and the Los Angeles area got a Biden administration pledge on Tuesday of $3 billion to help start laying track, Nevada elected officials said. But Rosen said electric-powered trains could be carrying passengers by the time Los Angeles hosts the Summer Olympics in 2028. “Connecting Las Vegas and Southern California by high-speed rail will create tens of thousands of good-paying union jobs, boost our Southern Nevada tourism economy, and finally help us cut down on I-15 traffic," Cortez Masto said Tuesday in a statement. Calls for a high-speed rail line whisking tourists through the Mojave Desert to Las Vegas date at least to 2001, said U.S. Rep. Dina Titus, a Democrat who represents the Las Vegas Strip. Other places where high-speed trains have been proposed include the 240 miles (386 kilometers) in Texas between Dallas and Houston, and a 500-mile (805-kilometer) system linking Los Angeles and San Francisco that has faced swelling costs, funding questions and other delays.

Persons: Sen, Jacky Rosen, Rosen, “, ” Wes Edens, Joe Biden, Catherine Cortez Masto, Biden, Cortez Masto, Dina Titus Organizations: LAS VEGAS, Brightline, Angeles, Nevada -, U.S, Rep, Democrat, Las, Brightline Holdings Locations: Las Vegas, Los Angeles, Nevada, U.S, Florida, California, Victorville , California, San Bernardino County, Rancho Cucamonga, Nevada - California, Southern California, Southern Nevada, Florida's, Miami, Orlando, Texas, Dallas, Houston, San Francisco

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