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☆ A radical idea to solve inflation from a radical former Fed pick
▼ + stars: | 2024-10-31 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

A zero percent inflation target might be popular, but it would represent a sharp departure – one that mainstream economists warn would backfire. “Stable inflation is an oxymoron because it means it’s not stable,” Shelton told CNN in a recent interview. In fact, one reason the Fed set its inflation target at 2% is because it’s safely away from that deflation-danger zone. A zero inflation target would mean a path right on the edge. But even some of Shelton’s biggest fans are opposed to her embrace of a zero-inflation target.

Persons: Judy Shelton, Donald Trump, It’s, ” Shelton, Shelton, Trump, ”, Mark Zandi, Zandi, Justin Wolfers, Kamala Harris, it’s, Wolfers, Bill English, “, ” Trump, Stephen Moore, Jerome Powell, Moore, Powell, Kevin Hassett, Reagan, Arthur Laffer, ” Moore, CNN’s KFile, CNN he’s, he’d, Elon, ‘, haven’t, James Grant Organizations: New, New York CNN, Federal Reserve, Fed, CNN, Federal Reserve Board, Moody’s, University of Michigan, Yale University, Heritage Foundation, Trump White House, Trump Locations: New York

From 2008 through 2020, the winning candidate either swept or nearly swept the final six to eight battleground states. Are we still under-sampling Trump voters? Then again, is Trump’s improvement in the polls this cycle an indication the polling community finally got it right on the Trump vote? In 2020, the Trump campaign was the only one knocking on doors during Covid, as the Biden campaign feared scaring its supporters at the doors. The Harris campaign appears invested in doing traditional get-out-the-vote programs in all sorts of places.

Persons: There’s, Donald Trump's, George W, Kamala Harris, Trump, Harris, John Kerry, he’d, Barack Obama, ”, there’s, I’ll, Nikki Haley, you’re, I’ve, Hillary Clinton, “ We’ve, let’s, she’s, Biden, Elon Musk, Charlie Kirk’s, Roe, Wade, Toss, hasn’t Organizations: Trump, North Carolina, Pennsylvania, Sun, Democrats, Republican Party, Democratic, North, NBC, GOP, Republican, White, Republicans, Madison Locations: Northern, Wisconsin , Michigan, Pennsylvania, North Carolina , Georgia, Arizona, Nevada, Omaha , Nebraska, Harris, U.S, New Mexico, Ohio, North, Michigan, Wisconsin, North Carolina, Florida, Georgia, Las Vegas, Omaha, Trump, New York

☆ How Trump and Harris legal teams are wargaming for historic legal fights
▼ + stars: | 2024-10-29 | by ( Paula Reid | ) edition.cnn.com time to read: +8 min

And the legal challenges could continue for weeks or months to come. The legal team also relies on a team of advisers, including longtime Biden lawyer Bob Bauer, who advises on litigation strategy and voter protection, and former US Solicitors General Don Verrilli and Seth Waxman. In addition, the Harris legal team is supported by a “field counsel” program that coordinates with local firms in each state that can provide specialized knowledge about election law and procedures in each jurisdiction. Sources close to the Trump legal team say they have not only focused on recruiting legal firepower but on identifying viable legal challenges. “What we have to do is protect every voter and every vote, which is what we’re doing,” said Remus, of the Harris legal team.

Persons: Donald Trump’s, Gineen Bresso, David Warrington, Trump, “, ”, Dana Remus, Joe Biden, Kamala Harris, ” Remus, Remus, Barack Obama’s, Obama, Marc Elias, –, Bob Bauer, Don Verrilli, Seth Waxman, Harris, ” Bresso, ” Mike Davis, They’ve, ‘ We’ve, We’ve, we’ve, “ Trump, Davis, ” CNN’s Casey Gannon Organizations: CNN, Republican, Warrington, GOP, Republican National Committee, White, Democratic, Trump, Biden, US, Republicans, RNC, Commission, Capitol Locations: Washington, DC, North Carolina, Georgia, Florida

☆ Trump unveils the most extreme closing argument in modern presidential history
▼ + stars: | 2024-10-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

It was exactly the kind of rhetoric that the Harris campaign believes could prompt moderate voters and disaffected Republicans to choose the vice president. Harris was in red-state Texas on Friday to highlight hardline GOP abortion policies she warns could spread countrywide if Trump wins. The CNN Poll of Polls shows no clear leader nationally with Harris at 48% and Trump at 47%. Harris’ rally will provide an emphatic exclamation point for an increasingly important theme of her campaign — that Trump represents an existential threat to American democracy. Both Trump and Harris are targeting strategic sectors of their core electorates in the final days.

Persons: Donald Trump, ”, John Kelly, Trump, Kamala Harris, ” Trump, “ Trump, Hitler, David Rem, Harris, Hillary Clinton, “ illegals, Tony Hinchcliffe, Danielle Alvarez, don’t, “, Tim Walz, she’s, Joe Biden’s, Harris ’, Harris didn’t, Kelly, Ohio Sen, JD Vance, Vance, CNN’s Jake Tapper, Nancy Pelosi, Adam Schiff, Jake Tapper, CNN “, lunatics, …, ” Vance, “ We’re, ” Harris, Michelle Obama —, ” Obama Organizations: CNN, Madison, Democratic, New, Trump, Republicans, Republican, Nazi, Sun, Capitol, The New York Times, Sunday, GOP, National Guard, California Rep, Black, House, Supreme Locations: United States, New York City, Puerto Rico, Trump’s, Manhattan, Minnesota, New York, Texas, Washington ,, Pennsylvania, Michigan, Wisconsin, North Carolina , Georgia, Arizona, Nevada, Washington, “ State, West Philadelphia, Philly

☆ Trump and allies spread false noncitizen voting claims and World Series preview: Morning Rundown
▼ + stars: | 2024-10-25 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A World Series matchup for the ages is set to begin. The teams haven’t met in the World Series since 1981, and there are a host of other benchmarks that make this series extra exciting. Sports reporter Rohan Nadkarni explains the significance of this year’s Fall Classic and what to watch for:⚾ What makes the 2024 World Series so exciting? “Nevada” by YoungBoy Never Broke AgainRead more about the 2024 World Series. The report coincidentally comes on the eve of the World Series, one of the biggest sporting events in the U.S.

Persons: Donald Trump, Trump, Chelsea Stahl, Jeff Vega, Brandy Zadrozny, ➡️ Trump, Hitler, Jack Smith, Gen, Harris, Kamala Harris, Barack Obama, Bruce Springsteen, Beyoncé, ➡️ Harris, Harris ’, ➡️ Tim Sheehy, It’ll, Mike Johnson, —, haven’t, Rohan Nadkarni, It’s, Ohtani, Aaron Judge, Mookie Betts, Freddie Freeman, Juan Soto, Giancarlo Stanton, ostseason, ames, S. Organizations: NBC, Trump, Election, Republicans, ➡️, Republican, Navy, Los Angeles Dodgers, New York Yankees, American League, National League, Dodgers, Yankees, New, Los Angeles Locations: Michigan, Wisconsin, U.S, Arizona, Nevada, Trump’s, Atlanta, Houston, Montana, New York, ely

Juan Diego Reyes for NBC NewsLara Trump, co-chair of the Republican National Committee and daughter-in-law of the former president, was among the speakers. There were no rainbow flags in the half-empty Charlotte ballroom where the Trump UNITY event took place. Headliners have included conservative influencers, Republican officials and Trump family members Lara Trump, Donald Trump Jr. and Marla Maples, the former president’s second wife. Trump has not attended any of the LGBTQ-led Trump UNITY events himself. In his speech on Tuesday, Grenell said that none of the speakers were paid to speak at the Trump UNITY events.

Persons: CHARLOTTE, Donald Trump, “ I’m, ”, Gage West, “, Lara Trump, Juan Diego Reyes, NBC News Lara Trump, didn’t, Trump, influencers, Donald Trump Jr, Marla Maples, Andrew Wheeler, Matthew Whitaker, National Intelligence Ric Grenell, Matt Gaetz, Aaron Schock, Richard Grenell, Trump’s, Grenell, Bill White, ” White, NBC News White, Don Webber, We’ve, ” Webber, ” Don Webber, NBC News Rob Smith, Black, ” Smith, Smith, ” Charles Moran, Rob Smith, “ It’s, ” Moran, Moran, Kamala Harris, Brandon Wolf, Harris, ” Wolf, Biden, Kamala Harris ’, NBC News Harris, Sam Alleman, “ Donald Trump’s, fundraised, Melania Trump Organizations: NBC News, Republican National Committee, RNC, NBC News Trump, Republican, Environmental Protection Agency, National Intelligence, Trump, NBC, Charlotte, ”, Black Trump, Conservative, Gallup, U.S ., Democratic Locations: N.C, Charlotte, Georgia , Wisconsin, Michigan, Congress, Palm, U.S, Philadelphia, Pittsburgh, Arizona, Nevada

☆ Fascism: People are calling Trump a fascist. What does that mean?
▼ + stars: | 2024-10-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Fascism is a dirty word in US politics, so when former President Donald Trump’s former chief of staff, retired Marine Gen. John Kelly, says Trump fits the definition of “fascist,” it’s news. Barr would later leave Trump’s administration after the 2020 election after refusing to support Trump’s unsupported election interference conspiracy theories. I delved into the definition of fascism and how it applied to Trump back in June, when he was using the term. Video Ad Feedback Trump calls US a 'fascist state.' Now, as Democrats get anxious about losing to Trump, the threat of fascism has returned to the fore.

Persons: Donald Trump’s, John Kelly, Trump, ”, Adolf Hitler, Benito Mussolini, Kelly, Kamala Harris, “, ” Kelly, Nancy Pelosi, Adam Schiff, Mark Milley, Milley, Jack Smith “, Smith, James Comey, Jeff Sessions, Robert Mueller, Mueller, Trump’s, Bill Barr, Barr, he’s, Harris, Kamala, ” That’s, Joe Biden, Robert Paxton, ” Trump, Wolf Blitzer, Ohio Sen, JD Vance, ” Vance, Daniel Steinmetz, Jenkins, Paxton, ” Steinmetz, Franklin D, Roosevelt, Steinmetz, Biden – Organizations: CNN, Democratic, New York Times, Trump, Republican, Joint Chiefs, Democrats, FBI, Justice Department, Pentagon, Columbia University, Capitol, Ohio, Wesleyan University, Fascism Locations: Pennsylvania, America, “, California, Russia, New York, Europe, Germany

President Donald Trump did nothing but show respect to my family & Vanessa. In fact, I voted for President Trump today,” she posted. He said Trump showed the family respect by "standing against the military complex" and supporting the Guillén family. "They didn't want to get to the bottom of the investigation, and President Trump brought awareness to that, and he didn't have to do that," Muniz said. She represents the very best of the Mexican American and Latino community.”

Persons: Donald Trump, Vanessa Guillén, Trump, Mark Meadows, Alex Pfeiffer, Mayra Guillén, ”, Natalie Khawam, Khawam, Pfeiffer, Guillén, Fort, Vanessa Guillen, Joe Biden, Joaquin Castro, “ Trump, ” Trump, Gonzalo Curiel’s, Curiel, Hurricane Maria, Kamala Harris, Artemio Muniz, Mayra, Muniz, Jason Villalba, he’s, “, ’ ”, Villalba, Trumper, ” Villalba, Domingo Garcia, Harris, Garcia, LULAC, Felix Longoria, Hector P, Rep, Sylvia Garcia, Vanessa, ” Garcia Organizations: Trump, Atlantic, White, NBC News, Army, Kabul Gold Star, League of United Latin American, LULAC, The, U.S, District, Trump University, Hurricane, NBC, Federation of Hispanic Republicans, Texas GOP, Texas Hispanic Public Policy Foundation, Republican, American GI, Mexican Locations: Afghanistan, Fort Hood, Cavazos, Texas, U.S, Mexico, Puerto Rico, Mexican American, American, Three Rivers , Texas, South Texas, Mexican

Former President Donald Trump unleashed a torrent of personal attacks against Vice President Kamala Harris on Tuesday, saying at a Latino outreach campaign event in Miami that she is "the worst" and "slow," with a "low IQ." Honestly, there’s something wrong, and there's something wrong with her, too. NBC News reached out to the Harris campaign for comment. Trump frequently refers to Harris, the country’s first Black, South Asian and female vice president, as dumb, weak and crazy. You’re a s--- vice president.”

Persons: Donald Trump, Kamala Harris, Trump, Harris, Tim Walz, Hallie Jackson, Telemundo’s Julio Vaqueiro, CBS's, she's, Bernie Sanders, Sen, Elizabeth Warren, ‘, ” Trump, “, you’ve, You’re, ” Organizations: Minnesota, NBC News, NBC Locations: Miami, Pocahontas, Scranton , Pennsylvania, Latrobe , Pennsylvania

☆ How a one-time GOP critic found alliance with Trump in pivotal Michigan Senate race
▼ + stars: | 2024-10-20 | by ( Manu Raju | ) edition.cnn.com time to read: +8 min

For more on the US Senate race in Michigan, watch CNN’s “Inside Politics Sunday with Manu Raju” this Sunday at 8 a.m. The former Republican congressman blamed then-President Donald Trump’s “chaotic leadership style” for costing his party two critical Senate seats in Georgia. He said that “the spell” around Trump had been broken by the US Capitol attack, which, he said, Trump’s actions “clearly” provoked. “Well, you’re damn right you had responsibility for this,” Rogers said of Trump on January 12, 2021. A fraying Democratic coalitionAs both sides see the race as a deadheat, the Senate Leadership Fund, a super PAC linked to Senate GOP Leader Mitch McConnell, is dropping a staggering $27 million in the final six weeks of the campaign.

Persons: Manu Raju ”, Mike Rogers, Donald Trump’s, Trump, “, Rogers, ” Rogers, Elissa Slotkin, Donald Trump, “ We’re, ”, Slotkin, ” Slotkin, Mitch McConnell, we’ve, “ I’ve, Spencer Platt, “ Slotkin, Osama Siblani, for, we’re, “ Kamala Harris, Alicia Smith, Chuck Stokes, Carolyn Clifford, Mandi, what’s, ” Trump, Harris, We’re, ‘ I’m, ” CNN’s Haley Talbot, David Wright, Max Rego Organizations: Senate, Warren , Michigan CNN, Republican, Democratic, Rogers, Trump, CNN, Republicans, GOP, –, Fund, ”, Political, American Political, Future Coalition PAC, WXYZ, Detroit Free Press, USA, Michigan Locations: Michigan, Warren , Michigan, Georgia, Detroit, Macomb County, Gaza, AdImpact, Michigan –, stoke, Southfield , Michigan, Mandi Wright, “

☆ McConnell privately called Trump a 'despicable human' and unfit for office, new book says
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | Frank Thorp V | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Senate Minority Leader Mitch McConnell has endorsed Donald Trump for president this year. But in a new book, the powerful Kentucky Republican is quoted after the 2020 election disparaging Trump as a “despicable human being,” “stupid” and “ill-tempered." McConnell did not deny his statements about Trump as quoted in the book, when asked about it Thursday. In late December 2020, a month after Democrat Joe Biden defeated Trump in the presidential election, McConnell skewered Trump for holding up billions of dollars in Covid relief funds. Trump is “stupid as well as being ill-tempered and can’t even figure out where his own best interests lie,” McConnell said at the time.

Persons: Mitch McConnell, Donald Trump, Trump, McConnell, sobbed, Power, Michael Tackett, JD Vance, Lindsey Graham, ” McConnell, Democrat Joe Biden, McConnell skewered Trump Organizations: Kentucky Republican, Capitol, NBC News, The Associated Press, Trump, AP, Democrat, Peach State, Republicans Locations: WASHINGTON, The, Peach

☆ The curious hunt for the company behind Trump watches
▼ + stars: | 2024-10-17 | by ( Steve Contorno | Scott Glover | ) edition.cnn.com time to read: +14 min

Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.

Persons: Wyoming CNN —, Donald Trump, ”, Trump, “, hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, —, “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, “, Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States

☆ Trump promises new tax relief for car loan interest and citizens living abroad
▼ + stars: | 2024-10-10 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

CNN —Former President Donald Trump unveiled yet another set of targeted tax break proposals on Thursday, doling out more promises of relief as Election Day draws ever closer. Speaking before the Detroit Economic Club on Thursday, Trump promised to make the interest paid on car loans fully tax deductible, similar to the popular existing deduction for mortgage interest. They raped our country.”One tax expert questioned why Trump would limit the benefit just to car loans. “Once and for all, I’m going to end double taxation on our overseas citizens,” he said in a video released Thursday. Currently, some Americans living abroad must pay taxes to both the United States and to the country where they reside.

Persons: Donald Trump, doling, Trump, ”, “, Howard Gleckman, ” Gleckman, “ You’ve, Kamala Harris, CNN’s Ali Main Organizations: CNN, Detroit Economic, NAFTA, Trump, Brookings Tax, Security, Congress, Committee, Budget Locations: Michigan, Mexico, Canada, Shanghai, Sterling Heights, ”, United States

☆ Elon Musk leaps into action as a Trump surrogate — but it's unclear how he'll land: From the Politics Desk
▼ + stars: | 2024-10-08 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

In today’s edition, politics reporter Allan Smith looks at how Elon Musk could help (or hurt) Donald Trump on the campaign trail. Plus, national political correspondent Steve Kornacki breaks down the different paths to victory Kamala Harris and Trump are attempting to chart in Pennsylvania. The disparate images helped paint a picture of both the benefits and the detriments to having Musk in Trump’s corner. Musk’s appearance at Trump’s Pennsylvania rally over the weekend was the culmination of a yearslong rightward drift for the eccentric billionaire, expedited by his purchase of Twitter in 2022. After his appearance in western Pennsylvania, Musk started to offer people $47 if they successfully get a swing-state voter to sign onto a petition backing the First and Second Amendments.

Persons: Allan Smith, Elon, Donald Trump, Steve Kornacki, Kamala Harris, Trump, Elon Musk, Donald Trump’s, cringeworthy, he’s, Hurricane Helene, Musk, MAGA ”, ”, “, Dasha Burns, asha, ake, —, ince, linton, hite, ittsburgh Organizations: NBC, White House, Capitol, Secret Service, Twitter, Trump, America PAC, Politico, ince, ust Locations: Pennsylvania, Butler, Pa, Trump’s, osh

With just weeks left before the November election, former President Donald Trump has taken to promoting items and businesses that are not at all connected to his presidential campaign. “You’re going to love them,” Trump wrote on his Truth Social platform last week of his new line of branded watches, which cost anywhere from $499 to $100,000. “Would make a great Christmas gift.”While running for president this cycle, Trump has also promoted a sneaker brand, boots and even Bibles — all of which are business and not campaign ventures. Do I think that a single Trump voter in America is not voting for him because of any of this? Selling watches in Manhattan.”“He wants to do everything and anything and throw everything against the wall,” the Trump ally said.

Persons: Donald Trump, “ You’re, ” Trump, They’re, “, Trump, Jared Polis, “ He’s, ”, “ I’m, ” Rep, Byron Donalds, “ Donald Trump, “ It’s, Kamala Harris, Melania, Harris, ” Long, —, Sen, Marco Rubio, Rubio, he’d, it’s, ‘ Organizations: Democratic, NBC News, Trump, ”, Make, Liberty Financial, Trump University — Locations: Colorado, America, ”, Philadelphia, Manhattan

How a Judge Will Weigh Immunity in Trump’s Jan. 6 CaseIn the next few months, Judge Tanya S. Chutkan will face what she herself recently called “a uniquely challenging” task. Immune No Yes Immune Not immune For each accusation against Trump … Was it an official act? Not immune Yes No Is the presumption of immunity rebutted? Immune Yes No Immune Not immune For each accusation against Trump … Was it an official act? Not immune Yes No Is the presumption of immunity rebutted?

Persons: Tanya S, Jack Smith, Donald J, Trump, Judge Chutkan, Trump’s, Smith, Mike Pence, Joseph R, Biden, Chutkan won’t Organizations: Federal, Court Locations: Jan, Washington

☆ A researcher who studied Trump's plans to control the Fed said it could tank the economy
▼ + stars: | 2024-09-29 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +5 min

Economists at the Peterson Institute studied what would happen if Trump undermined Fed independence. The study's lead researchers dug into the economic impact of three of Trump's campaign promises: mass deportations, tariffs, and eroding Fed independence. Though Trump promises an America First economic agenda, McKibbin said that taking control of the Fed would get him the opposite results. AdvertisementHe doesn't think the public is paying enough attention to the risks of Trump's Fed proposals or the overall murkiness of the candidates' economic policy. "If you're going to advocate a policy, there has to be evidence as to why you're advocating that policy," McKibbin said.

Persons: Trump, —, Warwick McKibbin, McKibbin, Jerome Powell, Trump hasn't, they're, Kamala Harris, Harris Organizations: Peterson Institute, Fed, BI, Service, Federal, Peterson Institute of International Economics, Trump, PIIE, Business, Wall Street Journal, Biden Locations: China, Canada, Mexico, Australia, America

Trump was surrounded by Secret Service agents at his North Carolina event on Wednesday as he greeted supporters in the rope line. Congress just approved funding for both Harris and Trump to receive presidential-level protections, which one security expert said was unprecedented. “They are all now getting presidential-level protection from the U.S. Secret Service, which has never been done before,” said Evy Poumpouras, a former Secret Service agent. In a statement Tuesday, Trump campaign spokesperson Steven Cheung disclosed that Trump had received an intelligence briefing about Iran. An official with the Trump campaign said it had no intention of altering or modifying its campaigning after this briefing.

Persons: Donald Trump, Trump, ”, Kamala Harris, Harris, Evy Poumpouras, ” Poumpouras, Mark Felix, Kimberly Cheatle, Ryan Routh, Joe Biden’s, Covid, Ronald Rowe, Butler, “, Donald, Jim Watson, Steven Cheung, ” Cheung, ” Trump Organizations: Secret Service, Service, NBC, Marine, Naval Observatory, Trump, Secret, Getty, ”, Authorities, Republicans, Democratic Party, Harris, Tempe , Arizona . Police, Air Force, “, National Intelligence Locations: Iran, North Carolina, Carolina, U.S, Butler , Pennsylvania, West Palm Beach , Florida, Tempe , Arizona, AFP, United States

WASHINGTON — The House on Wednesday is poised to pass a funding bill to avert a government shutdown next week after it removed a proposal demanded by Donald Trump that would require Americans nationwide to show proof of citizenship to register to vote. House Republican leaders, facing defections within their ranks, plan to rely heavily on Democratic votes to approve the measure. He blamed Senate Majority Leader Chuck Schumer, D-N.Y., for failing to take up the SAVE Act as a stand-alone measure in the Senate. “We passed the SAVE Act in the summer, and it’s been sitting on Chuck Schumer’s desk collecting dust; that is maddening to us,” Johnson said. “As both parties work to avoid a shutdown, we encourage House Republican leadership to get this bill to the floor and pass it quickly.

Persons: WASHINGTON, Donald Trump, Mike Johnson, Trump, it’s, Johnson, ” Johnson, he’s, “ I’m, Chuck Schumer, “, Chuck Schumer’s, ”, Sen, John Boozman, Dan Bishop, Scott Perry, ” Perry, “ You’re, ” Schumer Organizations: Republican, Democratic, Senate, Secret, Trump, Republicans, SAVE, GOP, “, Democrats

☆ Trump's already massive New York civil fraud penalty has grown by $24M in interest ahead of a Thursday court showdown
▼ + stars: | 2024-09-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

(For perspective, Trump's 2016 settlements in three Trump University fraud cases totaled $25 million.) AdvertisementTrump has denied any fraud, and his lawyers argue in their appeal that the judgment is unjustified, legally flawed, and excessive. By winning his appeal, Trump would also dodge the judgment's non-monetary punishments, which are many. Winning would mean Trump, Donald Trump, Jr., and Eric Trump would no longer face being banned for two years from running Trump Org or any other business in New York state. By appealing, Trump has kept all of these fraud punishments on ice, with the exception of the Trump Org monitoring, which is ongoing.

Persons: —, Donald Trump, John Sauer, ometer, Trump, Arthur Engoron, Donald Trump's, Letitia James, Engoron, He'd, Donald Trump , Jr, Eric Trump, Read Organizations: Service, Trump, Business, Trump University, D, New, Trump Organization, Trump's, Trump Org Locations: New York, Manhattan, Trump's Manhattan

☆ Congress votes to avert shutdown, setting up chaotic funding fight in December
▼ + stars: | 2024-09-25 | by ( Clare Foran | Lauren Fox | ) edition.cnn.com time to read: +8 min

The stopgap spending bill, which will fund the government until December 20, will next be sent to President Joe Biden to be signed into law. Johnson had said that he believes Trump understands that House Republicans don’t have the votes to pass the SAVE Act. The House vote was 341 to 82 with 132 Republicans and 209 Democrats voting in favor and 82 Republicans voting against. As that internal contest nears, Johnson’s own leadership deputies are working to shore up their own relationships across the House GOP. In recent days, for instance, Emmer’s team gave personally engraved hockey sticks to several House Republicans that thanked them for their service to the chamber.

Persons: Joe Biden, Mike Johnson, Johnson, Donald Trump, Trump, Republicans don’t, –, ” Rep, Don Bacon, ”, Kevin McCarthy, Republicans –, “, Scott Perry, ” Johnson, It’d, Johnson’s, Tom Emmer, Emmer’s, Ted Barrett, Annie Grayer, Morgan Rimmer Organizations: Washington CNN —, Senate, SAVE, Republicans, GOP, ”, Republican, CNN, Democrats, Caucus, Pennsylvania Republican, Freedom Caucus, US, Service, Trump, House Republican Locations: Louisiana, Nebraska, Pennsylvania

☆ Trump floats expanded R&D business tax credits, says he would appoint 'manufacturing ambassador'
▼ + stars: | 2024-09-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024. If implemented, this proposal would reverse a major component of Trump's 2017 Tax Cuts and Jobs Act, which phased out traditional R&D tax credits. Starting in 2022, businesses were no longer allowed to write off their R&D expenses the same year they incurred them. The former president also said he would appoint a specialized "manufacturing ambassador" if he wins a second term in the White House. Trump also doubled down on his hardline approach to trade, saying he would impose a "100% or 200% tariff" on cars imported from Mexico.

Persons: Donald Trump, Kamala Harris, Trump Organizations: U.S, Republican, Johnny Mercer Theatre Locations: Savannah , Georgia, America, Mexico

I think they understand that he's so transactional and so devoid of core values that anything that they want they can manipulate him to get," Cuban said of Silicon Valley backers of Trump. It's unclear what business Cuban is referring to. Related storiesTo be sure, this isn't the first time Cuban has speculated on his Silicon Valley peers' motivations for backing Trump. But after digging into Trump's business records, Cuban said he changed his mind. "I just think he was and would be a lousy president," Cuban wrote.

Persons: —, Cuban, Donald Trump, Brian Tyler Cohen, Trump, Cohen, Elon Musk, Musk, It's, Jon Stewart, They've, Stewart, Cuban's, Kamala Harris, Roy Cohn, McCarthy, Vivek Ramaswamy, Mike Pence, Axios, Joe Biden Organizations: Service, Business, Trump, Cuban, bros, Republican, Trump University Locations: Silicon Valley, Silicon, Cuban, Springfield , Ohio

☆ The lawyer for Trump's new crypto firm was accused of trying to take over another digital asset company
▼ + stars: | 2024-09-20 | by ( Katherine Long | ) www.businessinsider.com time to read: +1 min

Former president Trump unveiled a new crypto company earlier this week, World Liberty Financial. Alex Golubitsky was fired from another crypto firm amid a dispute with its CEO, court docs show. On Monday, Trump announced he would be the face of World Liberty Financial in a livestream on X. While it's unclear what his official role in the organization is, he's listed in a company white paper as its "chief crypto advocate," according to a white paper obtained by CoinDesk. Three of Trump's children are also connected to World Liberty Financial, including his 18-year-old son Barron.

Persons: Trump, Alex Golubitsky, —, Donald Trump's, CoinDesk, Barron Organizations: Liberty, Service, Business

☆ Bitcoin climbs above $60,000 ahead of Fed rate decision
▼ + stars: | 2024-09-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve's rate cutting plans. Bitcoin "is likely to react to the news of a Fed rate cut with some retrenchment as the short-term market dynamics filter out," said Philipp Pieper, co-founder of Swarm Markets. The market is divided on whether the Fed would reduce rates by 25 or 50 basis points. One basis point equals 0.01%. Investors have been anticipating Fed rate cuts, the growth of bitcoin ETFs and the outcome of the U.S. presidential election as the next catalysts to shake up the crypto market.

Persons: Bitcoin, cryptocurrency, Donald Trump, Philipp Pieper, bitcoin Organizations: Metrics, Federal Reserve, Swarm Markets, Nasdaq, Investors, U.S

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