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☆ Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid
▼ + stars: | 2023-02-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Real estate and private equity leaders, who have long helped to fill Sinema's campaign coffers, contributed to a healthy cash haul for the senator in the final months of last year. At the lunch, Sinema discussed the incoming Congress and how the tight margins in both chambers could create gridlock, according to attendees. Sinema's campaign had already seen more than $2 million from the securities and investment industry since the 2018 election cycle. The Sinema campaign saw dozens of contributions totaling over $145,000 from people who work at Apollo Global Management, another giant private equity firm, since October. Suzanne Clark, CEO of the massive pro-business lobbying group U.S. Chamber of Commerce, also donated $1,000 to Sinema's campaign on Dec. 31, the new FEC filing shows.

☆ U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses with workers, saying such a move would harm economic growth and limit competition. The FTC proposed the rule last week that would ban companies from requiring workers to sign non-compete provisions in contracts, in the latest sign from the Biden administration of its support for labor. Companies generally use these provisions to keep workers from leaving for better jobs. The Chamber also said it could mount a legal challenge. Reporting by Akanksha Khushi in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Paid sick leave was one of the outstanding issues in the negotiations. Rail workers get zero paid sick days. Paid sick leave is a basic human right. The measure to provide seven paid sick days did not win the required 60-vote supermajority in the Senate and was not endorsed by the White House. Senator Bernie Sanders and others denounced railroad companies for refusing to offer paid sick leave.

☆ U.S. Chamber of Commerce calls on Congress to settle rail labor dispute
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

U.S. Chamber of Commerce Chief Executive Suzanne Clark implored federal lawmakers to step in one day after members of the country's biggest railroad union rejected a tentative agreement brokered by a board appointed by President Joe Biden. "Congress must now impose the deal President Biden negotiated, and the railroads and union leadership agreed to," Clark said. Biden's Presidential Emergency Board in August released the framework for the tentative deal forged between major carriers like Union Pacific (UNP.N) and a dozen unions representing 115,000 workers. If they do not, workers could strike and railroads could lock out employees - unless Congress intervenes. "If Congress fails to do so, a rail strike would substantially exacerbate inflation and the economic challenges Americans are facing today," she said.

☆ U.S. Chamber of Commerce's Suzanne Clark on regulatory priorities post-midterms
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Chamber of Commerce's Suzanne Clark on regulatory priorities post-midtermsPresident and CEO of the U.S. Chamber of Commerce Suzanne Clark joins CNBC to discuss the pro-business collaboration potential for 2023, the priority policy issues generating concern and the regulatory considerations impacting economy.

Amtrak on Monday said it had canceled three long-distance train routes in advance of a looming railroad union strike that is threatening to hobble the nation's economy. The rail line said it was phasing in additional schedule "adjustments" as needed. Freight rail workers are threatening to strike for higher pay, more generous paid leave and a renegotiation of strict attendance policies and broader working conditions. A national rail strike "would be an economic disaster — freezing the flow of goods, emptying shelves, shuttering workplaces and raising prices for families and businesses alike," Suzanne Clark, the head of the U.S. Chamber of Commerce, said Monday. The Association of American Railroads trade group has estimated that shutting down the railroads would cost the economy $2 billion a day.

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