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☆ Biden to defend US banking system after SVB, Signature collapse
▼ + stars: | 2023-03-13 | by ( Simon Lewis | ) www.reuters.com time to read: +3 min

WASHINGTON, March 13 (Reuters) - President Joe Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank (SIVB.O) and Signature Bank threatened to trigger a broader systemic crisis. Biden on Sunday hinted at new regulation of big banks after the biggest U.S. bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules. Biden would give remarks on Monday morning on additional plans to keep the economy on track amid a crisis sparked by the sudden collapse of Silicon Valley Bank (SVB) last week, he added. Rules introduced after U.S. banks sparked a global financial crisis in 2008 by aggressive mortgage lending may come under the spotlight in coming days. Silicon Valley bank had $209 billion in assets at the end of last year.

☆ DeSantis makes Iowa debut as Trump waits in wings
▼ + stars: | 2023-03-10 | by ( James Oliphant | ) www.reuters.com time to read: +5 min

Iowa could be particularly crucial for DeSantis, who is expected to jump into the 2024 White House race later in the spring. Addressing a welcoming crowd at a casino in Davenport, Iowa, DeSantis boasted about his policy record in Florida and blasted the Democratic Biden administration on issues such as crime and immigration. Craig Robinson, a former political director of the Iowa Republican Party, believes Iowa voters are eager to hear from DeSantis, who polls show to be Trump's biggest rival for the nomination. Randy Yaddof, 71, of Davenport described himself as a Trump supporter but said after listening to DeSantis he was considering backing the Florida governor. A Des Moines Register/Mediacom poll released on Friday showed declining favorability ratings for Trump among Iowa Republicans.

☆ DeSantis, Trump to collide in key state of Iowa
▼ + stars: | 2023-03-10 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

Iowa could be particularly crucial for DeSantis, who is expected to jump into the 2024 White House race later in the spring. The state will hold the first Republican nominating contest early next year, and a win there would show DeSantis is a viable candidate against Trump. DeSantis will appear at events in Des Moines, the state capital, and the river town of Davenport that will be moderated by Iowa Governor Kim Reynolds. Craig Robinson, a former political director of the Iowa Republican Party, believes Iowa voters are eager to hear from DeSantis, who polls show to be Trump's biggest rival for the nomination. But the Midwestern state will remain as the first electoral test for Republican presidential candidates.

☆ Premarket stocks: Jerome Powell's testimony sent markets reeling. That may be a good thing
▼ + stars: | 2023-03-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s central bank policy meeting, sending markets into a tailspin. The S&P 500 fell 1.5%, the Dow dropped 575 points, or 1.7%, and the tech-heavy Nasdaq composite ended 1.3% lower. After Powell’s testimony, market expectations for a half-percentage point rate hike spiked. If inflation fails to continue falling, he said, the Fed will keep trying to cool things down by raising rates. Even if Powell was sure that January’s economic data was a fluke, he still wants to maintain the Fed’s credibility.

"If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," Powell said. The Fed's benchmark overnight interest rate is currently in the 4.50%-4.75% range. Senator Sherrod Brown, the Democratic chair of the committee, said the Fed's rate hikes ignored what he viewed as a chief cause of inflation - high corporate profits. "To restore price stability, we will need to see lower inflation in this sector, and there will very likely be some softening in labor market conditions," Powell said. Powell's last monetary policy report to Congress was in June, which was early in what became the most aggressive cycle of Fed rate increases since the 1980s.

☆ Florida is gearing up to pass tons of new laws over the next two months: 'It's the Ron DeSantis show'
▼ + stars: | 2023-03-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

Florida lawmakers are meeting over the next 60 days to pass new legislation. "It's the Ron DeSantis show," House Minority Leader Fentrice Driskell said. Ron DeSantis hasn't formally announced he's running for president — and that's in part because his business in Florida isn't finished yet. "Unfortunately, it's the Ron DeSantis show, we all know this," House Minority Leader Fentrice Driskell of Polk County told reporters Monday. Florida Republican Gov.

☆ Trump and DeSantis are the only 'big fish' CPAC attendees expect in the 2024 presidential race. But several say there's nothing wrong with others auditioning for supporting roles.
▼ + stars: | 2023-03-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +7 min

Donald Trump and Ron DeSantis are top of mind at the 2023 Conservative Political Action Conference. CPAC participants suspect 2024 will come down to those two, while others vie for the VP slot. 'An interesting race'Rory McSchane, a GOP political strategist from Austin, Texas is in the more the merrier camp. "My sincere hope is that she would be the vice president," Yadeta said of having Haley round out the 2024 ticket. Should Scott wind up taking the plunge, Bencosme said she could see herself supporting him in the GOP primary — and possibly beyond.

In North Carolina, party activists are seeking to punish Republican Senator Thom Tillis for his support for same-sex marriage rights. North Carolina State Representative Mark Brody, who supports censuring Sen. Tillis, says it is better to address differences directly. Law, who served as a senior member of Trump's 2016 and 2020 campaigns in Nevada, and the county party did not respond to requests for comment. Although Tillis retains support among the party establishment, Jim Womack, a county party chair, says the Senator’s critics are gaining strength. “The North Carolina Republican party will eventually be decentralized to the point where the grassroots will actually run the party,” Womack said.

☆ They've seen enough: Trump-backing CPAC attendees want to freeze the 2024 field before things get any messier
▼ + stars: | 2023-03-02 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Trump fans told Insider no one else should jump in because things are already too mixed up. "What I'm most looking forward to, obviously, is President Trump," she said, noting that she planned to be front and center for his keynote address on Saturday evening. "I think that's a good group," he said, adding, "That's enough." But President Trump is the one that we need," Le told Insider. CPAC attendee Thao Le shows off the Donald Trump pin on her American flag-themed hat on Thursday, March 2, 2023.

☆ Trump, other Republicans will have to pledge loyalty to 2024 presidential nominee, party chief says
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 26 (Reuters) - The Republican Party plans to ask 2024 presidential candidates to pledge support for the eventual nominee, Republican National Committee Chairwoman Ronna McDaniel said on Sunday, espousing an idea so far not embraced by former President Donald Trump. Candidates who do not sign the pledge will not be allowed to participate in party-sponsored debates during the state-by-state presidential nominating contests, McDaniel said. Trump, who remains popular in the Republican Party but is already facing challenges in his next White House bid from former supporters including Nikki Haley, has so far refused to commit to supporting the eventual Republican nominee. "We're saying you're not going to get on the debate stage unless you make this pledge. Trump did not immediately react publicly to her comments but a campaign spokesperson told Reuters, "President Trump will support the Republican nominee because it will be him."

☆ Pence says Republicans will have 'better choices' than Trump in the 2024 presidential election
▼ + stars: | 2023-02-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former Vice President Mike Pence said Wednesday that he would prefer a Republican alternative to former President Donald Trump in the 2024 presidential election. "I think we're going to have better choices" than Trump, Pence said on CNBC's "Squawk Box" when asked if the GOP should nominate someone other than the former president next year. The potential 2024 candidate Pence did not explicitly rule out supporting Trump if he became the GOP nominee. "I'll keep you posted," Pence said when asked if he sought the Republican presidential nomination. After several relatively quiet months when Trump was the only notable Republican on the campaign trail, former South Carolina Gov.

☆ Anti-ESG crusader Ramaswamy launches U.S. presidential bid
▼ + stars: | 2023-02-22 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

A former biotechnology investor and executive, Ramaswamy will pursue the Republican nomination in what is shaping up to be a crowded field. A political outsider, Ramaswamy rose to prominence in 2021 as the author of "Woke Inc: Inside Corporate America's Social Justice Scam". But Ramaswamy's contrarian message made him popular in conservative political circles and a regular guest on cable TV shows. Ramaswamy co-founded Strive with former Anheuser-Busch Inbev SA executive Anson Frericks, who will continue to run the firm. Reporting by Isla Binnie in New York; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Republicans seek records on SEC's climate proposal as part of push against ESG investing plans
▼ + stars: | 2023-02-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Gensler recently announced that the agency is considering adjustments to the proposal, first introduced in March 2022, after pushback from investors. Gensler told CNBC's "Squawk Box" earlier this month that the proposal simply required a clear climate transition plan from public companies. Earlier this month, McHenry formed a Republican working group on environmental, social and governance, or ESG, plans in part to target the rule disclosure. ESG platforms broadly apply to taking into account the environmental and social implications of a company's decisions, and not just its financial performance, as part of investing decisions. Many House Republicans have criticized ESG plans — but some of them have received campaign contributions from the very financial firms they are targeting.

☆ Senators thrashed by Trump in 2016 urge DeSantis to strap in for a 'wild and woolly' ride in 2024 presidential race
▼ + stars: | 2023-02-21 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

The 2024 Republican presidential primary is just getting started. "This is gonna be a wild and woolly race," 2016 challenger Ted Cruz told Insider. "Oh, this is gonna be a wild and woolly race," chastened Trump challenger Sen. Ted Cruz before leaving DC for the Presidents' Day recess. 2016 presidential candidate and Republican Sen. Lindsey Graham of South Carolina downplayed the initial nastiness, urging DeSantis to focus on the long-game. Republican Sen. Marco Rubio of Florida initially declined to comment on the Trump-DeSantis tug-of-war, telling Insider, "I'm not talking about the campaigns right now."

The former South Carolina governor is just the second Republican to seek the party's backing to challenge Democratic President Joe Biden, 80, who is expected to seek reelection next year. [1/7] Former South Carolina Governor and former U.S. Ambassador to the U.N. Nikki Haley announces her run for the 2024 Republican presidential nomination at a campaign event in Charleston, South Carolina, U.S. February 15, 2023. Nikki will be a leader with an iron fist in a velvet glove," he told Haley supporters at her Charleston campaign event. If she wins, she would be the first non-white or female Republican presidential nominee.

CHARLESTON, S.C., Feb 15 (Reuters) - Former UN ambassador Nikki Haley is expected to focus on the threats China and Russia pose to the United States and the need for fresh blood atop the Republican ticket in the first stop of her campaign for the 2024 presidential nomination on Wednesday. China has captured renewed attention in the United States over the past week after the U.S. military shot down what officials said was a Chinese spy balloon off the South Carolina coast. She is scheduled to speak in downtown Charleston, South Carolina, at 11 a.m. local time (1600 GMT). Haley is later slated to swing through Iowa and New Hampshire, which will hold the first and second Republican nominating contests of the 2024 campaign cycle. She may not be the only South Carolina Republican eyeing the White House.

Senator Tim Scott of South Carolina, New Hampshire Governor Chris Sununu and former Arkansas Governor Asa Hutchinson, among others. [1/7] Old welcome signs heralding the hometown of former South Carolina governor and former U.S. Ambassador to the U.N. Nikki Haley sit behind the town center in Bamberg, South Carolina, U.S. February 14, 2023. Haley will kick off the start of her 2024 presidential campaign in Charleston, South Carolina. "People don't understand, unless you were here, just what a demonstrative act of leadership that was," said Tom Davis, a Republican state senator who is backing Haley's presidential bid.

☆ Nikki Haley and Donald Trump are the only declared 2024 presidential candidates. Here are the other Republicans who are considering a run.
▼ + stars: | 2023-02-15 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +4 min

Donald Trump and Nikki Haley are the only Republicans who have made a '24 run official. From Pence to DeSantis, here's how Republicans are laying the groundwork for presidential runs. Former President Donald Trump and former South Carolina governor Nikki Haley are the only Republicans so far who have announced a 2024 presidential run, but numerous others are signaling that they're toying with the same idea. The stakes for losing the nomination aren't all bad, even if Republicans might come out of it with an unforgettable Trump nickname. Scroll through to see the lawmakers who have either already declared or are potentially gearing up for run:

☆ Factbox: Nikki Haley: Who is the Republican 2024 presidential candidate?
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +3 min

Ambassador to the United Nations Nikki Haley said on Tuesday she will seek the 2024 Republican presidential nomination, putting her at odds with one-time boss Donald Trump, the former president currently leading the Republican race. She took on leadership roles in several business organizations before winning a seat in the South Carolina state legislature in 2004. UNITED NATIONS AMBASSADORHaley endorsed several rivals to Trump in the 2016 Republican presidential nominating contest, and occasionally tangled with him during the primaries. But she went on to serve as his ambassador to the United Nations, where she gained a reputation as a vocal defender of U.S. interests. She did not attend a recent Trump rally at the South Carolina state capitol.

Haley, 51, dug into the difference in ages between 80-year-old President Joe Biden and her challenger Trump, who's 76. She enters the race trailing Trump and other would-be challengers in public polls. A Morning Consult poll on Tuesday, for instance, shows Trump backed by 47% of Republican primary voters, while just 3% of respondents said they would pick Haley. Haley's widely anticipated announcement makes her just the second candidate in what's likely to become a wide Republican primary field. "Haley's entrance officially kicks off a messy 2024 primary race for the MAGA base that has long been brewing," it said.

Governors gathered in the nation’s capital in recent days for the National Governors Association winter meeting. And while they were focused on their jobs at hand, questions about the 2024 presidential race were unavoidable. Asked on Saturday if she would like to see Biden run again, Michigan Gov. At a Democratic Governors Association press conference on Thursday, a group of 11 governors echoed support for Biden’s potential re-election campaign. Spencer Cox also joined “Meet” and weighed in on the presidential race, saying he would like to see his party nominate a governor.

☆ Republican Sen. Tim Scott Prepares for Presidential Run
▼ + stars: | 2023-02-13 | by ( Eliza Collins | ) www.wsj.com time to read: 1 min

Republican Tim Scott has said the support of his mom and a mentor turned his life around and taught him conservative principles. South Carolina Sen. Tim Scott is taking steps to run for president, people familiar with his plans said, adding to the stable of Republicans looking to wrest the party mantle from former President Donald Trump. Mr. Scott, the only Black Republican in the Senate, is testing a message with GOP voters in key early states focused on unity and optimism as some Republicans say it is time to move on from the Trump era. Mr. Trump has announced a bid for president in the 2024 election.

☆ Ron DeSantis backed deep cuts to Social Security and Medicare while in Congress. Trump is ready to hammer him for it ahead of 2024.
▼ + stars: | 2023-02-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Trump has made it clear that he will attack DeSantis' past support for changes to Social Security and Medicare. It would have also increased the full retirement age for Social Security to 70 as well. The AARP tore into Ryan's proposal at the time, particularly for its proposed changes to social security. Trump has made it clear that he would not propose cuts to Social Security and Medicare and is ready to attack 2024 nomination challengers who have in the past. Insider couldn't find any comments he made at the time, but he was far from the only Republican or even the only Florida Republican to vote against the bill.

☆ CBS News pressed Sen. Ted Cruz on why he's running for reelection after he introduced a bill limiting senators to 2 terms in office: 'Why aren't you holding yourself to that standard?'
▼ + stars: | 2023-02-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Sen. Ted Cruz of Texas is running for a third term while also backing a two-term limit for senators. "If and when it passes, I will happily, happily comply. "You also introduced a bill to limit terms to two six-year terms in office for senators. Cruz continued: "If and when it passes, I will happily, happily comply. However, Cruz sought to sidestep talk of a presidential bid during the CBS interview, reiterating that he was running for reelection.

☆ Republicans are blaming Biden for letting a suspected Chinese spy balloon cross into the US. It happened 3 times during the Trump administration, officials say.
▼ + stars: | 2023-02-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Republicans are criticizing the Biden administration's response to the Chinese spy balloon. "Would Trump have let China fly a spy balloon over our country?" Chinese spy balloons were sighted three times during the Trump administration, US officials said. The CCP [Chinese Communist Party] can send spy balloons over our nuclear silos and we will do nothing." It's unclear what information the suspected Chinese spy balloon could have gleaned from its various positions.

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