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☆ Republicans are mostly ignoring a $9.4 million sexual assault lawsuit against the Trump-aligned head of CPAC
▼ + stars: | 2023-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

A GOP staffer accused CPAC head Matt Schlapp of sexually assaulting him, filing a $9.4 million lawsuit. A screenshot of the staffer's texts with Matt Schlapp on the morning after the assault on October 20, 2022. "I had a private life before Matt Schlapp, and I want to have that life post-Matt Schlapp," he said. "Those are simply allegations, and I'm not going to comment on them," said Republican Sen. Bill Hagerty of Tennessee. "All matters pertaining to CPAC, I leave to CPAC internally," he said when asked if Matt Schlapp should remain atop the organization.

☆ Sen. Bill Hagerty on Venmo, PayPal tax reporting change and $1.7 trillion spending package
▼ + stars: | 2022-12-22 | 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 EmailSen. Bill Hagerty on Venmo, PayPal tax reporting change and $1.7 trillion spending packageSen. Bill Hagerty (R-Tenn.) joins CNBC's 'Squawk Box' to discuss Congress' $1.7 trillion budget and his amendment to increase the tax reporting threshold for third-party payment networks like Venmo and PayPal.

☆ Hagerty, Manchin propose $10,000 threshold for Venmo, PayPal tax reporting change — up from $600
▼ + stars: | 2022-12-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the threshold for Form 1099-K, according to Sen. Joe Manchin, D-W.Va., the proposal's lead co-sponsor. The tax reporting threshold applies to transfers using third-party payment networks including Venmo and PayPal . In an exclusive interview with CNBC, Manchin said the amendment would increase the payment threshold to $10,000 from $600 for the 2022 tax season. "This is the best relief we can get for people," said Manchin, referencing the $10,000 threshold as "the best way to approach it." He believes that raising the threshold to $10,000 has broader support than delaying implementation of the new rule.

☆ First on CNN: Defense bill takes aim at Russia’s pot of gold
▼ + stars: | 2022-12-08 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN Business —A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip up Russia’s war machine by targeting Moscow’s mountain of gold. If passed, the defense bill would directly sanction any American entities that knowingly transact with or transport gold from Russia’s central bank holdings. As of mid-2021, Russia’s central bank held $127 billion worth of gold, according to the Central Bank of Russia. The gold is stored at vaults within the territory of the Russian Federation, the Russian central bank has said. In June, President Joe Biden announced the United States and the rest of the G7 would impose a ban on imports of Russian gold.

☆ Senate Republicans want the SEC to explain why staff are quitting
▼ + stars: | 2022-10-30 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Senate Republicans want the SEC to explain why staff are leaving the nation's corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. Republicans want Gensler to explain how he will address the concerns in the report and also to allow more time for industry feedback on the new rules. Employees interviewed for the internal watchdog report said they received little feedback on rules they had written, according to the report. The SEC is losing employees at its highest pace in 10 years, said the Inspector General's report. Senate Republicans Thom Tillis from North Carolina, Mike Crapo from Idaho, Tim Scott from South Carolina, Michael Rounds from South Dakota, Bill Hagerty from Tennessee and Steve Daines from Montana signed the letter.

CNN —The Senate ratified an international climate treaty to phase out hydrofluorocarbons – potent greenhouse gases used in air conditioning and refrigeration. In 2016, the United Nations struck an agreement known as the Kigali Amendment to the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer. The Kigali amendment is supported by business groups like the Chamber of Commerce and environmental groups like the Natural Resources Defense Council. “Today’s Senate vote was a decade in the making and a profound victory for the climate and the American economy,” said US Special Presidential Envoy for Climate John Kerry. And in May, the Senate Foreign Relations Committee sent the ratification of the Kigali Amendment to the Senate floor without opposition.

☆ The full timeline of Trump's known phone calls on the day of the January 6 insurrection
▼ + stars: | 2022-07-21 | by ( Grace Panetta | Kenneth Niemeyer | ) www.businessinsider.com time to read: +9 min

Here's the full timeline of Trump's known phone calls as recorded in official White House records. Trump speaks to lawyer Kurt Olsen, who played a key role in legal efforts to overturn the 2020 election. Hawley said he never returned Trump's calls on January 6, when he objected to election results at the joint session of Congress. Hawley said he never returned Trump's calls on January 6, when he objected to election results at the joint session of Congress. AP Photo/John MinchilloTrump spoke at the "Save America" rally at the Ellipse at noon and returned to the White House at 1:19 pm, according to White House records.

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