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☆ Former Sen. Pat Toomey on government shutdown: Don't count Kevin McCarthy out
▼ + stars: | 2023-09-28 | 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 EmailFormer Sen. Pat Toomey on government shutdown: Don't count Kevin McCarthy outCoinbase senior advisor and former U.S. Senator Pat Toomey (R-Pa.) joins 'Squawk Box' to discuss the latest negotiations on Capitol Hill, whether a deal can be reached before Saturday's deadline to avert a shutdown, the challenges facing House Speaker Kevin McCarthy, crypto regulation, and more.

Persons: Former Sen, Pat Toomey, Kevin McCarthy Organizations: Former, Capitol

☆ Trump kept a 'hit list' with pictures of the Republicans who voted to impeach him on his White House desk, Cassidy Hutchinson says in new book
▼ + stars: | 2023-09-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Cassidy Hutchinson said she was asked to make a "hit list" of the Republicans who voted to impeach Trump. Hutchinson said White House chief of staff Mark Meadows asked her to make a chart with their photos. Trump then kept the chart of the 10 House Republicans on the Resolute Desk. Hutchinson wrote that Trump then kept the list of the disloyal Republicans close by. In particular, he made it his mission to drive out the 10 House Republican lawmakers who voted to impeach him and the 7 Republican senators who later supported his conviction.

Persons: Cassidy Hutchinson, Trump, Hutchinson, Mark Meadows, —, Donald Trump, Meadows, Mark, Joe Biden, David Valadao, Dan Newhouse, Mitch McConnell, Richard Burr of, Pat Toomey, Sen, Ben Sasse, Mitt Romney, Romney, Rather Organizations: Republicans, White, Service, Capitol, Republican, White House, GOP, Trump, Senate, Pennsylvania, University of Florida Locations: Sens, Richard Burr of North Carolina, Nebraska, Utah

☆ ‘No Trade Is Free’ Review: A ‘Common Good’ That Isn’t
▼ + stars: | 2023-09-21 | by ( Pat Toomey | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/no-trade-is-free-review-a-common-good-that-isnt-e89a275

Persons: Dow Jones

HARRISBURG, Pa. (AP) — Republican David McCormick is expected to announce Thursday that he will enter Pennsylvania's U.S. Senate race and make his second bid for the office, this time to take on Democratic Sen. Bob Casey after losing in last year’s crowded Republican primary. McCormick's aides have sent invites to a “special announcement” by McCormick at the Heinz History Center in Pittsburgh at 5 p.m. McCormick, 58, was heavily recruited to run again by the party establishment and, thus far, has a clear GOP primary field. He is a stalwart of Pennsylvania’s Democratic Party — the son of a former two-term governor and Pennsylvania's longest-ever serving Democrat in the Senate. McCormick, who grew up near Bloomsburg, is the son of Pennsylvania’s first state university system chancellor.

Persons: David McCormick, Democratic Sen, Bob Casey, McCormick's, McCormick, Casey, West Virginia —, Republican Sen, Pat Toomey, Donald Trump, Mehmet Oz, John Fettermanbeat Oz, —, Joe Biden, Scranton . McCormick, Pennsylvania’s, George W, ___, Marc Levy Organizations: —, Pennsylvania's, Senate, Democratic, Republican, Heinz, Center, Associated Press, White, West Virginia, Democratic Party —, Star, FreeMarkets, Bridgewater Associates, Twitter Locations: HARRISBURG, Pa, Pennsylvania's U.S, Pittsburgh, Pennsylvania, — Montana , Ohio, West, Pennsylvania's, Scranton ., Bloomsburg, Connecticut

☆ Republican Dave McCormick jumps into the critical Pennsylvania Senate race
▼ + stars: | 2023-09-21 | by ( Allan Smith | Bridget Bowman | ) www.cnbc.com time to read: +6 min

"Obviously, he's a candidate who has completely united the grassroots," a national Republican strategist, speaking on condition of anonymity as he was not authorized to discuss the candidacy, said. In a background call with reporters, a McCormick campaign strategist said the candidate "will address" those concerns "head on and directly." And the McCormick campaign strategist said the candidate will enter the race with the support of each Republican member of Pennsylvania's congressional delegation. "Dave McCormick has done a remarkable job of unifying the grassroots in Pennsylvania," Montana Sen. Steve Daines, chairman of the National Republican Senatorial Committee, said in a statement. "His ability to unite both the grassroots and the establishment is extremely impressive," the national Republican strategist said.

Persons: Dave McCormick, Sen, Bob Casey, McCormick, Republican Mehmet Oz, I've, Doug Mastriano, he's, Casey, McCormick —, George W, —, Oz, Donald Trump, Trump, Pat Toomey, John Fetterman, Fetterman, Mastriano, Montana Sen, Steve Daines, Dave, Bob Casey Sr, Joe Biden Organizations: Republican, GOP, Keystone State, United States Senate, Republican Party, Army's, Airborne Division, Wall Street Republican, Associated Press, AP, National Republican Senatorial, Republicans, Trump, Washington , D.C Locations: Pittsburgh, Pennsylvania, U.S, New Jersey, Connecticut, Montana, West, Washington ,, Harrisburg

☆ Biden admin proposes regulation to eliminate 'gun show loophole'
▼ + stars: | 2023-08-31 | by ( Ken Dilanian | Rebecca Shabad | ) www.cnbc.com time to read: +4 min

Attorney General Merrick Garland said in a statement Thursday that the move is a result of the bipartisan law passed by Congress last year. The "gun show loophole" has been cited for years as a major hole in the federal background check system, allowing a vast number of private sales without background checks. The ATF currently licenses about 80,000 brick-and-mortar gun dealers, but gun sales are increasingly taking place outside that system, free of background checks. Earlier this year, Biden signed an executive order designed to expand background checks. Biden also noted that the law closed the so-called boyfriend loophole by keeping guns away from unmarried dating partners convicted of abuse.

Persons: WASHINGTON —, General Merrick Garland, Biden, Garland, Thursday's, Barack Obama, Pat Toomey, Joe Manchin Organizations: Alcohol, Tobacco, Firearms, Explosives, Biden, Congress, Safer, ATF, NBC News, Justice Department, Sandy Hook Elementary, Senate, Republicans Locations: Washington ,, WASHINGTON, Midland, Odessa , Texas, Newtown , Connecticut

☆ Be patient in this market, says Morgan Stanley's Chris Toomey
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBe patient in this market, says Morgan Stanley's Chris ToomeyChris Toomey, Morgan Stanley managing director, joins 'Closing Bell' to discuss his reasoning for stocks going lower from here.

Persons: Morgan, Chris Toomey Chris Toomey, Morgan Stanley

☆ Former Sen. Pat Toomey on Fitch's U.S. downgrade: We are on an unsustainable fiscal path
▼ + stars: | 2023-08-03 | 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 EmailFormer Sen. Pat Toomey on Fitch's U.S. downgrade: We are on an unsustainable fiscal pathFormer U.S. Senator Pat Toomey (R-Pa.) and former U.S. Senator Heidi Heitkamp (D-N.D.) join 'Squawk Box' to discuss the fallout from Fitch's U.S. rating downgrade, what can be done about the growing debt, and more.

Persons: Former Sen, Pat Toomey, Heidi Heitkamp Organizations: Former, Fitch's U.S, U.S

☆ What is Section 702? Congress is debating the controversial surveillance power
▼ + stars: | 2023-07-31 | by ( Juhi Doshi | ) www.cnbc.com time to read: +8 min

Section 702 of the Foreign Intelligence Surveillance Act, or FISA, allows the government to conduct targeted surveillance of foreign nationals living outside the U.S. without needing to obtain a warrant. As recently as this month, a court opinion disclosed that FBI employees wrongly searched foreign surveillance data for the last names of a U.S. senator and a state senator. But data on U.S. citizens is still collected when they interact with a foreign surveillance target — that's known as "incidental" collection. Lawmakers from both sides have said they won't vote to renew the provision unless major changes are made in how the FBI uses foreign surveillance data to investigate Americans. "And that means first and foremost addressing the warrantless surveillance of Americans in violation of the Fourth Amendment."

Persons: Samuel Corum, Biden, they're, George Floyd, Joe Biden's, Jake Sullivan, Jon, Read, Trump, Ron DeSantis, Bush, Donald Trump, Dick Durbin, Sen, Mike Lee, they've, Patrick Toomey, Toomey, Christopher Wray, Wray Organizations: Getty, Foreign Intelligence, FISA, FBI, Social, American Civil Liberties Union, White, President's Intelligence, Board, National, NBC, Historically, Republicans, DOJ, ACLU's National Security, National Intelligence, Committee Locations: Washington , DC, reauthorize, U.S, China, Russia, Florida, Georgia, Fulton, Utah

☆ Morgan Stanley's Chris Toomey is concerned about the consumer, points to student debt repayment
▼ + stars: | 2023-07-21 | 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 EmailMorgan Stanley's Chris Toomey is concerned about the consumer, points to student debt repaymentChris Toomey, Morgan Stanley managing director, joins 'Closing Bell' to discuss his cautious approach to stocks.

Persons: Morgan, Chris Toomey, Morgan Stanley

☆ FBI broke rules in scouring foreign intelligence on Jan. 6 riot, racial justice protests, court says
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: +6 min

FBI officials repeatedly violated their own standards when they searched a vast repository of foreign intelligence for information related to the Jan. 6, 2021, insurrection at the U.S. Capitol and racial justice protests in 2020, according to a heavily blacked-out court order released Friday. The violations were detailed in a secret court order issued last year by the Foreign Intelligence Surveillance Court, which has legal oversight of the U.S. government's spy powers. At issue are improper queries of foreign intelligence information collected under Section 702 of the Foreign Intelligence Surveillance Act, which enables the government to gather the communications of targeted foreigners outside the U.S. That program expires at the end of the year unless it is renewed. FBI searches must have a foreign intelligence purpose or be aimed at finding evidence of a crime. The order says the FBI had maintained that the queries were likely to return foreign intelligence, though the reasons given for that assessment are mostly redacted.

NEW YORK/WASHINGTON, May 15 (Reuters) - As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. Citigroup (C.N) CEO Jane Fraser said this debate on the debt ceiling is "more worrying" than previous ones. U.S. government bonds underpin the global financial system so it is difficult to fully gauge the damage a default would create, but executives expect massive volatility across equity, debt and other markets. Banks, brokers and trading platforms are prepping for disruption to the Treasury market, as well as broader volatility. Bond trading platform Tradeweb said it was in discussions with clients, industry groups, and other market participants about contingency plans.

☆ Tech could be the next domino to fall before the market, says Morgan Stanley's Chris Toomey
▼ + stars: | 2023-05-12 | 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 EmailTech could be the next domino to fall before the market, says Morgan Stanley's Chris ToomeyChris Toomey, Morgan Stanley, joins 'Closing Bell' to discuss the tech rally and the potential for a fallout and earnings recession.

☆ Fmr. Sen. Heitkamp on debt ceiling negotiations: An economic crisis would not be good for Biden
▼ + stars: | 2023-05-09 | 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 EmailFmr. Sen. Heitkamp on debt ceiling negotiations: An economic crisis would not be good for BidenFormer U.S. Senator Heidi Heitkamp (D-N.D.) and former U.S. Senator Pat Toomey (R-Pa.) join 'Squawk Box' to discuss the state of the debt ceiling negotiations, including what to expect from President Biden's meeting with top congressional leaders.

☆ Opinion | Here’s How Wall Street Is Preparing for a U.S. Debt Default
▼ + stars: | 2023-05-08 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

I asked her how confident she was in the contingency plan for a default that’s been developed by the Treasury Market Practices Group (more on that later). Damage is already being done, she said, pointing to the spike in interest rates on Treasury securities that mature around the time the Treasury is expected to run out of ways to delay hitting the debt ceiling. You try to prepare because you want to create the least disruption to the market.”SIFMA has written a playbook for what do in case of a disruption in Treasury payments. Two occur the evening before that date, at 6:45 p.m. and 10:15 p.m. The next three occur on the day that payments were scheduled to occur, at 7:30 a.m., 11 a.m. and 2 p.m.

By comparison, less than 5% of companies mentioned AI in analyst calls held during the first quarter of 2016. Big Tech mentions jump AI has been a growing theme in Big Tech as companies try to capitalize on the wave following 2022's selloff. In calls from Big Tech companies alone, AI was mentioned 265 times. Executives at real estate company UDR said its AI chat has a 10% higher closing rate than normal call centers. Interpublic Group of Companies CEO Philippe Krakowsky noted the advertising company brought on a chief AI officer two years ago.

☆ Pat Toomey on House GOP debt limit bill: Kevin McCarthy pulled off something very impressive
▼ + stars: | 2023-04-28 | 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 EmailPat Toomey on House GOP debt limit bill: Kevin McCarthy pulled off something very impressiveFormer U.S. Senator Pat Toomey (R-Pa.) joins 'Squawk Box' to discuss the latest on debt ceiling showdown, the fate of the House GOP proposal, and more.

☆ Biden Is Transformational, and Not in a Good Way
▼ + stars: | 2023-04-26 | by ( Phil Gramm | Pat Toomey | ) www.wsj.com time to read: +1 min

Journal Editorial Report: Paul Gigot interviews former Trump White House economist Kevin Hassett. Images: AP/Zuma Press Composite: Mark KellyFrom Wall Street to Silicon Valley, from the Permian Basin to the Chicago Loop, an iron net of regulation has descended across the American economy. Churchill’s metaphor conveys the magnitude of the onslaught and the peril it poses to the American economy and our freedom. We face not an errant regulator or an officious bureaucrat, but a sea change in the economy’s regulatory ecosystem. In the short term, President Biden’s regulatory tsunami will fuel inflation and make a recession more likely.

☆ Pelosi campaign pays Illinois man $7,500 after he sued over 'invasive and harassing' fundraising texts
▼ + stars: | 2023-04-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

An Illinois man sued Nancy Pelosi's campaign for more than $31,500 over unwanted fundraising texts. And according to federal campaign finance disclosures made public on Friday, the dismissal came after Rojas received a $7,500 payment marked "Settlement" from Pelosi's congressional campaign. Rojas and Pelosi's campaign did not immediately respond to Insider's request for comment. A fundraising text that Rojas received from Pelosi, according to the lawsuit. Screenshot/Rojas v. Nancy Pelosi for Congress et alA full copy of the lawsuit can be found below:

☆ Morgan Stanley's Chris Toomey is bearish on stocks, expects 'dramatic' sell-off
▼ + stars: | 2023-04-13 | 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 EmailMorgan Stanley's Chris Toomey is bearish on stocks, expects 'dramatic' sell-offChris Toomey, Morgan Stanley managing director, joins 'Closing Bell' to discuss his expectation for a market sell-off.

☆ John Fetterman opens up about his 'downward spiral' after winning the Pennsylvania Senate race in 2022: 'Depression can absolutely convince you that you actually lost'
▼ + stars: | 2023-04-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

"I had stopped engaging some of the most — things that I love in my life," Fetterman told CBS News. "The whole thing about depression is that objectively, you may have won, but depression can absolutely convince you that you actually lost. Fetterman revealed that between the November 2022 election and his swearing-in ceremony in January 2023, his depression began to accelerate. Last year's Pennsylvania Senate election, which was an open seat contest as a result of then-Republican Sen. Pat Toomey's impending retirement, was seen as one of most competitive races in the country. But Fetterman won the race 51%-46%, picking up a critical seat for Democrats and affording the party an expanded 51-49 majority in the upper chamber.

Senator John Fetterman has been discharged from hospital where he was treated for weeks for depression, his office said on Friday, adding he will return to the Senate mid-April. Fetterman's depression is now in remission, his office said in a statement, citing a doctor. Fetterman had checked into a Washington-area hospital for treatment for clinical depression in mid-February. Fetterman, who suffered a stroke last May and later acknowledged he had "almost died," has faced challenges adjusting to life in the Senate during his recovery. During the course of Fetterman's depression treatment, his speech abilities also improved as he worked with speech-language specialists, his office said on Friday.

☆ As John Fetterman heals, his Senate staff soldiers on with the help of veteran lawmakers and crisis bonding: 'We all have each other's back'
▼ + stars: | 2023-03-20 | by ( Warren Rojas | ) www.businessinsider.com time to read: +9 min

Sen. John Fetterman has been hospitalized for clinical depression since February 15. Casey is coordinating with Fetterman staff on constituent services issues and legislative priorities, according to recent reports, but doesn't call Fetterman directly so as not to disturb his ongoing recovery. Some of the others working hard to meet that internal standard include legislative assistant Madeleine Marr, a former aide to Democratic Sen. Maggie Hassan of New Hampshire. Conservative commentator Stephen L. Miller has been more blunt, accusing Fetterman's staff of unduly wielding power in his absence. "John Fetterman's chief of staff is not an elected senator," Miller wrote in an op-ed run by the Delaware Valley Journal.

☆ I think we're starting to see all the Fed's work come to fruition, says Morgan Stanley's Chris Toomey
▼ + stars: | 2023-03-16 | 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 EmailI think we're starting to see all the Fed's work come to fruition, says Morgan Stanley's Chris ToomeyMorgan Stanley's Chris Toomey joins 'Closing Bell' to discuss liquidy elongating the lags of monetary policy, Fed rate hikes leading to breakage and expectations for the Fed's upcoming policy actions.

☆ Former Sen. Pat Toomey: The source of this banking problem is extremely imprudent monetary policy
▼ + stars: | 2023-03-15 | 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 EmailFormer Sen. Pat Toomey: The source of this banking problem is extremely imprudent monetary policyPat Toomey, former U.S. Senator (R-Pa.), joins 'Squawk Box' to discuss if other banks will fall after SVB, how the Federal Reserve played into today's banking situation and more.

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