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☆ Only the U.S. can force peace in the Middle East and it should pressure Israel, Lebanon foreign minister says
▼ + stars: | 2024-02-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Lebanon's foreign minister called on the U.S. to pressure Israel and bring an end to its bloody war with Palestinian militant group Hamas, which has now entered its fifth month. "We want peace, I think the Palestinians are ready for peace and Americans should — [they are] the only country that can really enable peace," Bou Habib told CNBC's Silvia Amaro. "But they should exert some pressure over Israel like what happened in the 70s, Kissinger was there, and he exerted pressure on Israel to do the peace." Recent bills in the U.S. Congress have allocated tens of billions more in military aid since the Hamas terror attack of Oct. 7 that killed roughly 1,200 people. If the U.S. can't play a prominent role in stopping the hostilities, "then the war will continue," Bou Habib said.

Persons: Abdallah Bou Habib, Bou Habib, CNBC's Silvia Amaro, Kissinger, Henry, Israel, Israel's Organizations: Palestinian, Hamas, CNBC, Munich Security, Congressional Research Service, U.S . Agency for International Development, Washington, U.S, Congress Locations: Israel, Washington, U.S, Gaza

CNN —While the 2024 presidential race seems set in stone as a rematch between President Joe Biden and former President Donald Trump, it’s also true that things happen. Back in November 1872, for instance, the newspaper publisher and Democratic presidential candidate Horace Greeley died after Election Day but before the casting of Electoral College votes. No one knows for sure what would happen if a candidate died or for some reason needed to withdraw from the race. The process of replacing a presidential candidate very much depends on when the vacancy occurs – during the primary process and before the party convention; during the convention or after the convention; or before or after people vote in November. When he dropped out of the presidential race, it set off a chaotic dash to replace him.

Persons: Joe Biden, Donald Trump, it’s, Horace Greeley, Ulysses S, Grant, – Greeley’s, Greeley, Biden, Trump, Elaine Kamarck, Nikki Haley, Kamala Harris, ”, Lyndon B, Johnson, Sen, Robert F, Kennedy, Hubert Humphrey, Republicans –, Thomas Eagleton, Sargent Shriver, George McGovern’s Organizations: CNN, Democratic, Electoral College, Electoral, New York Tribune, MPI, Trump, Republicans, Democrats, Republican, Democratic National Committee, Brookings Institution, South Carolina Gov, California, Democrats – The Democratic National Committee, Republican National Committee, Service, CRS, Democrat, DNC, Congress Locations: Milwaukee, Chicago, New, Los Angeles

☆ What the duck is going on with these spending bills?
▼ + stars: | 2024-01-19 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +3 min

The duck stamp act incident of early 2024 sets up two new funding deadlines on March 1 and March 8. Short-term funding bills that keep the lights on are clearly not how the massive US government is supposed to be run. There’s been least one short-term spending bill in all but three fiscal years since 1977, according to the Congressional Research Service. Why use the duck stamp bill to fund the government? Spending bills are supposed to begin in the House, and so to make this latest stopgap measure work, senators substituted the spending bill into a House-passed bill originally having to do with the duck stamp, making it possible for duck hunters to carry an electronic as opposed to paper duck stamp during the “taking of waterfowl.”Fear not for the duck hunters.

Persons: …, Mike Johnson, Kevin McCarthy, Johnson, McCarthy, it’s, There’s Organizations: CNN, Republican Party, Senate, Congressional Research Service Locations: Washington

☆ Pension-eligible workers face complex Social Security rules that may reduce benefits. How to more accurately estimate retirement income
▼ + stars: | 2023-12-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Richard Stephen | Istock | Getty ImagesWhen Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. That life change prompted Debnam's Social Security benefits to be cut to just $174 a month. Moreover, the Social Security Administration notified her she had to return $5,000 in benefits she had been overpaid. Debnam is one of millions of workers who is affected by Social Security rules related to public workers and reductions in the benefits they are eligible to receive. "We recommend that people review their Social Security Statement at least once every year, which includes important information about WEP and GPO," a Social Security spokeswoman said in a statement.

Persons: Richard Stephen, Istock, Joyce Debnam's, Debnam, Mike Carey R, Mike Carey, Carey, Mark Warshawsky, Warshawsky Organizations: Social, United States Postal Service, Debnam's Social, Social Security Administration, Social Security, Congressional Research Service, GPO, Security, American Postal Workers Union, American Enterprise Institute Locations: Debnam, Suitland , Maryland, Ohio, Baton Rouge , Louisiana

☆ Russia will send fighter jets and attack helicopters to Iran, state media says. The move could strengthen ties that already have the US worried.
▼ + stars: | 2023-11-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russia is slated to send Iran advanced fighter jet and attack helicopters, reports say. AdvertisementRussia has agreed to send advanced fighter jets and attack helicopters to Iran in a deal that would provide a significant boost to the country's air force, Iranian media reports. A Mil Mi-28 attack helicopter performs during Army Games 2021 at Alabino Military Training Ground in Moscow on August 25, 2021. AdvertisementPrior to the invasion of Ukraine, Moscow was the world's second-largest arms exporter behind the US, according to a 2021 Congressional Research Service report . But Russia's war in Ukraine has disrupted its foreign military sales, an important component of the country's defense apparatus.

Persons: —, Yakovlev, Tasnim, that's, Stringer, John Kirby, Kirby, we've, Evgeniy, IRNA Organizations: Service, White, Tasnim News Agency, Republic News Agency, Army, Alabino, Anadolu Agency, Getty, National Security, European Union, AP, Kremlin, US Locations: Russia, Iran, Moscow, Tehran, Ukraine, East, Kyiv, Russian, European, Ukrainian, Washington, Israel, Gaza, Hezbollah, Lebanon, Yemen, Iraq, Syria

☆ George Santos may get to enjoy all sorts of exclusive, lawmakers-only perks — including the ability to walk onto the House floor — even if he's expelled
▼ + stars: | 2023-11-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

That includes access to the House floor, lawmakers-only gym and dining facilities, and more. AdvertisementRep. George Santos of New York may be expelled from the House as soon as this week. Those privileges — which would also apply if he resigned — typically include the ability to walk onto the House floor, use lawmakers-only facilities, and even purchase (and perhaps auction off) their own office furniture. In other words, George Santos may be able to keep LARPing as a member of Congress if he's expelled. Sen. Markwayne Mullin, a former House member, hanging out with former Speaker Kevin McCarthy on the House floor on November 27.

Persons: George Santos, —, Santos, that's, Daniel Schuman, he's, it's, Republican Sen, Markwayne Mullin, — Santos, ", Schuman, George Santos —, — you've, auctioning, Sen, Kevin McCarthy, Tom Williams, they've Organizations: Service, Republican, POPVOX, —, Congressional Research Service, United States Association, Former, Congress, Getty Locations: George Santos of New York, Oklahoma, loitering

Linking Ukraine’s military assistance to U.S. border security interjects one of the most divisive domestic political issues — immigration and border crossings — into the middle of an intensifying debate over wartime foreign policy. Failure risks delaying U.S. military aid to Kyiv and Israel, along with humanitarian assistance for Gaza, in the midst of two wars, potentially undermining America's global standing. Rather than approve Biden’s request, which includes $61 billion for Ukraine, Republicans are demanding something in return. Democrats call these essentially nonstarters, and the border security talks are going slowly. Other Republicans, led by Rep. Marjorie Taylor Greene of Georgia, a Donald Trump ally, have drawn an even deeper line against Ukraine aid.

Persons: Volodymyr Zelenskyy, Joe Biden’s, ”, Luke Coffey, Andriy Yermak, Coffey, Vladimir Putin’s, Mitch McConnell, It’s, “, Sen, Chris Murphy, Conn, Biden, Tom Cotton, McConnell, Sabrina Singh, Democratic Sen, Jack Reed, Mike Garcia of, Garcia, Mike Johnson, Marjorie Taylor Greene, Donald Trump, Lolita C, Baldor, Ellen Knickmeyer, Stephen Groves Organizations: WASHINGTON, Hudson Institute, Republican, Associated Press, NORC, for Public Affairs Research, Biden, Republicans, Democrats, Senate, The Defense Department, Defense Department, Congressional Research Service, World Bank . National, Democratic, Senate Armed Services Committee, Russia, Kyiv, Navy, Rep Locations: Washington, Russia, Ukraine, Israel, Mexico, U.S, Kyiv, Gaza, Ukrainian, United States, Kentucky, Russian, Rhode Island, ”, Mike Garcia of California, Iraq, Marjorie Taylor Greene of Georgia

☆ The US is sending more Patriot defense systems to the Middle East. They cost $1.1 billion each.
▼ + stars: | 2023-11-13 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Patriot is a missile air defense system that can reach aerial targets up to 66,000 feet. It's a highly sought-after defense system that costs $1.1 billion each. Still, people familiar with the matter told the Journal that the US had sent six, doubling the number of defense systems that were already deployed. According to the Missile Defense Advocacy Alliance, a nonprofit that promotes ballistic missile defense development, Israel currently operates three Patriot batteries. AdvertisementAdvertisementThe missile defense systems are produced by Raytheon, a contractee of the US government, and cost about $1.1 billion each.

Persons: —, Defense Lloyd J, Austin, It's Organizations: US, Service, Patriot, Street Journal, Pentagon, Associated Press, Defense, of Defense, Missile Defense Advocacy Alliance, DOD, Raytheon, Congressional Research Service, CRS, Center for Strategic & International Studies Locations: Iraq, Syria, Iran, East, Israel, Gaza, Ukraine, Russian

☆ US Air Force's new B-21 Raider "flying wing" bomber takes first flight - Reuters witness
▼ + stars: | 2023-11-10 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

However, the Air Force has kept other price information classified, "which makes validating the proposed cost difficult," the Congressional Research Service said in a 2021 report. The Air Force plans to buy at least 100 of the planes and begin to replace B-1 and B-2 bombers. Ann Stefanek, an Air Force spokesperson said, "The B-21 Raider is in flight testing. Flight testing is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wings B-21 Combined Test Force." In early 2022, the Air Force further delayed it until 2023.

Persons: David Swanson, Ann Stefanek, Lockheed Martin, Northrop, Mike Stone, Valerie Insinna, Franklin Paul Organizations: United States Air, Northrop, Air Force, REUTERS, U.S, Air Force's, Northrop Grumman, Congressional Research Service, Pentagon, Air Force Test Center, Force, Boeing, Lockheed, Pratt, Whitney, Collins Aerospace, GKN Aerospace, BAE Systems, Franklin Paul Our, Thomson Locations: Palmdale , California, U.S, Washington

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

☆ US daylight saving time: When is it and why was it created?
▼ + stars: | 2023-10-31 | by ( Josie Kao | ) www.reuters.com time to read: +5 min

Daylight saving time is the practice of moving clocks forward by one hour during summer months so daylight lasts longer into the evening. WHY WAS DAYLIGHT SAVING CREATED IN THE US AND HOW DID IT START? No, Hawaii and Arizona, with the exception of Navajo Nation, do not observe daylight saving time. While daylight saving time is widespread across the United States, 19 states have passed legislation to permanently use daylight saving time if Congress were to allow it, according to the National Conference of State Legislatures. The U.S. is not ending daylight saving any time soon, though there is an effort in the federal government to pass the so-called Sunshine Protection Act, which would make daylight saving time permanent.

Persons: Mike Segar, George Hudson, Frank Pallone, Joe Biden, Josie Kao, Lisa Shumaker Organizations: REUTERS, North, Daylight, European Union, New, Congressional Research Service, Virgin, National Conference of State Legislatures, Protection, U.S . House, Commerce, Science, Transportation, Thomson Locations: Manhattan, New York, U.S, United States, Canada, Cuba, North America, Europe, Egypt, Japan, New Zealand, Germany, Hawaii, Arizona, Navajo, American Samoa, Guam, Northern Mariana Islands , Puerto Rico

☆ Where's the Su-57? The war in Ukraine is what fifth-generation fighter jets were made for, but Russia's Felon has largely been missing in action
▼ + stars: | 2023-10-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

Russian state media has touted the Su-57 fighter jet as a formidable, fifth-generation aircraft. Sukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019. Sukhoi Su-57 jet fighter performs during International military-technical forum "Army-2020" at Kubinka airbase in Moscow Region, Russia August 25, 2020. So why is it that the Su-57 isn't doing what a true fifth-generation stealth fighter should theoretically be able to do in Ukraine? AdvertisementAdvertisementSukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019.

Persons: it's, —, there's, Mike Dahm, Sukhoi Su, Aleksey Nikolskyi, haven't, They're, Assad, Sergei Shoigu, Maxim Shemetov There's, Su, Russia's, Justin Bronk, Bronk, Vladimir Putin, Recep Tayyip Erdogan, Maxim Shemetov, Dahm, There's, that's Organizations: Aviation, intel, Service, NATO, US, Mitchell Institute for Aerospace Studies, Sputnik, REUTERS, Russian, Ukraine, International, Army, Sukhoi, Royal United Services Institute, Aircraft Locations: Ukraine, Russia, Moscow, Zhukovsky, Kremlin, Syria, Kubinka, Moscow Region, Russian, Ukrainian, NATO

☆ How US tax dollars have supported Israel and its military for 75 years — and what's next for American aid
▼ + stars: | 2023-10-13 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Biden said this week he will ask Congress to send Israel additional aid in the wake of Hamas' terror attacks. Between 2001 and 2020, Israel received more military aid from the US than all other nations combined. Despite concerns that Israel will continue killing civilians and children in Gaza, there is bipartisan support for aid to Israel. In 2016, the US signed its third 10-year Memorandum of Understanding on military aid to Israel, pledging to send it $38 billion between 2019 and 2028. In 2022, the US spent a total of $4.8 billion on military, economic, and missile defense aid for Israel.

Persons: Biden, —, Harry Truman, Israel, Joe Biden, Gerald R, he'll, John Kirby, Alexandria Ocasio, Cortez, Ilhan Omar, Kevin McCarthy Organizations: Democratic, Service, Saturday, US, Congressional Research Service, CRS, Israel, Hamas, Gazan Health, United Nations, White, National Security, Rep, Minnesota Democrat, Republicans, Taiwan Locations: Israel, Gaza, Washington, Alexandria, United States, Minnesota, Ukraine

☆ What is Israel's Iron Dome? Here’s what you need to know about the missile defense system
▼ + stars: | 2023-10-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from the city of Ashkelon, Israel October 9, 2023. What is Israel's Iron Dome? The Iron Dome, or "Kippat Barzel" in Hebrew, is widely regarded as one of the most important tools in Israel's arsenal. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. The Center for Strategic International Studies, a U.S. think tank, has previously estimated that a complete Iron Dome battery costs roughly $100 million to produce.

Persons: Amir Cohen, Israel, Rafael, —, Tamir Organizations: Reuters, Palestinian Ministry of Health, Israel's Defense Ministry, Iron Dome, European Union, Rafael Advanced Defense Systems, Reuters Israel's Defense Forces, Dome, Congressional Research Service, Strategic International Studies Locations: Gaza, Ashkelon, Israel, Reuters Israel, Jihad, U.S, Washington

They’re opportunistic and adaptive,” said former CIA analyst Yaya Fanusie, now an adjunct senior fellow with the Center for a New American Security. It’s unclear how much money Hamas has received in cryptocurrency, but there’s evidence they have amassed significant amounts. Another $94 million was allegedly held by the Palestinian Islamic Jihad, a militant partner of Hamas, according to Elliptic, another analytics firm. Hamas additionally raises funds through informal taxes and smuggling, according to a Congressional Research Service report from May. Investigators were able to seize 150 cryptocurrency accounts “that laundered funds to and from” Hamas accounts, according to a DOJ news release.

Persons: launderers, European Union –, “ There’s, ”, Yaya Fanusie, –, Dmitry Machikhin, Arda Akartuna, Akartuna, Jake Sullivan, Iran “, Sullivan, Asher Perlin, Yitzchak Weinstock, Weinstock, “, al, Perlin Organizations: CNN, Hamas, Justice, Justice Department, European Union, Center, New, New American Security, Department of Homeland Security, ’, Reuters, Wall Street, Brigades, Palestine Islamic, US State Department, US Treasury Department, Islamic Revolutionary Guard Corps, Treasury, US Treasury, White, National, Congressional Research Service, US Justice Department, ”, Investigators, DOJ Locations: Iran, cryptocurrency, Israel, Washington ,, United States, New American, New Jersey, bitcoin, Jihad, Palestine, Turkey, Lebanon, Lebanese, Syria, Tehran, Jerusalem

For nearly three decades – from fiscal years 1974 to 2002 – Israel was the top recipient of U.S. aid, the longest-standing duration for a top aid recipient dating back to 1946, according to figures from ForeignAssistance.gov. While 2003 to 2020 saw the most aid going to either Iraq or Afghanistan, Israel nevertheless remained a top three aid recipient throughout that time. In 2021, U.S. obligations to Israel amounted to $3.31 billion, a figure that saw Israel returning to the top spot among aid recipients that year. Almost all U.S. aid to Israel recently has been military aid rather than economic aid, in the form of Foreign Military Financing grants – U.S. grants and loans to Israel for acquiring U.S. military equipment and services. Israel saw that rate peak at 30.5% in 1975, but it has slowly been descending since.

Persons: Biden, Gerald R, Ford, Israel, – Israel, Christine Wormuth, Kevin McCarthy’s, Israel’s Rafael, – Organizations: United, Foreign Military Financing, U.S, Congressional Research Service, CRS, Israel Defense Forces, Defense Systems, Raytheon, Raytheon Rafael, Protection Systems, Israel Aerospace Industries, Boeing, Israel, World Bank, Russia, USAID . Missile Locations: Israel, U.S, United States, Egypt, ForeignAssistance.gov, Iraq, Afghanistan, Ukraine, – Israel

CNN —As fighting intensifies across Gaza and Israel, CNN is visualizing the war through maps, charts and more. As airstrikes in Gaza have forced hundreds of thousands of people to flee their homes and overwhelm areas, including hospitals, there is little room to go. As thousands of rockets have rained down on Israel, the country has been relying once again on the Iron Dome system to protect its citizens. The US government has spent over $2.9 billion on the Iron Dome program since 2011, according to the Congressional Research Service. Here’s a snapshot of how planned US military aid to Israel compares with other countries.

Organizations: CNN, Congressional Research Service Locations: Gaza, Israel, East

☆ US preparing to officially designate military takeover in Niger as a coup d'etat after months of delay, officials say
▼ + stars: | 2023-10-06 | by ( Natasha Bertrand Oren Liebermann Alex Marquardt | Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +5 min

The US embassy can continue to operate and the US military will be able to legally keep forces in Niger if a coup designation is made, US officials said. But the Pentagon is still assessing how the change will impact the approximately 1,000 US forces stationed in the country, officials said. The administration could continue with life-saving and other kinds of assistance that are important for US security interests while simultaneously suspending other assistance to the government, including economic and security assistance. Nigerien military leaders overthrew the democratically elected president, Mohamed Bazoum, in July. Senior Pentagon officials believe that keeping a presence in Niger is vital to efforts to tackle terrorism in the region and believe that it’s feasible even amid the domestic political turmoil there.

Persons: Mohamed Bazoum, ”, Defense Lloyd Austin, haven’t, “, Sabrina Singh Organizations: CNN, US State Department, Pentagon, State Department, Nigerien, France, Congress, Defense, DOD, Congressional Research Service, Senior Pentagon Locations: Niger, ”, Africa’s Sahel, Niamey, Saharan Africa, Djibouti, United States

But officials have made clear recently that other forms of US aid are potentially in jeopardy if Ukraine does not do more to address corruption. The US has provided Ukraine with over $23 billion in direct budget support since the war began, according to the Congressional Research Service. In a statement to CNN, the Ukrainian embassy in Washington said that Ukraine has moved “ambitiously” to pass reforms, including on its IMF program. That money is also the “most closely scrutinized” form of aid to Ukraine, a senior Democratic Senate aide told CNN. The US intends to provide up to $3.3 billion in direct economic aid to Ukraine if Congress authorizes its $24 billion supplemental request for Ukraine.

Persons: Biden, Jake Sullivan, Antony Blinken, Volodymyr Zelensky, Matthew Miller, Miller, ”, Denys Shmyhal, Blinken, “, It’s, Megan Reed, Sen, Lindsey Graham, Zelensky Organizations: CNN, Ukraine, The State Department, Congressional Research Service, United States Agency for International Development, USAID, World Bank, Ukrainian Ministry of Finance, International Monetary Fund, IMF, National Bank of, General Prosecutors, National Security, Ukrainian, White, Ukrainska Pravda, Government of, EU, State Department, NATO, Ukrainian Ministry of Defense, Democratic, Republicans, Pentagon, The Defense, Ukrainian MoD Locations: Ukraine, Ukrainian, Washington, National Bank of Ukraine, USA, Russia, Kyiv, Europe, Government of Ukraine, United States, EU

☆ Supreme Court case may gut the CFPB: Consumer watchdog's ‘future is on the line,’ group says
▼ + stars: | 2023-10-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Visitors walk across the U.S. Supreme Court plaza on the first day of the court's new session on Oct. 2, 2023. Bill Clark | Cq-roll Call, Inc. | Getty ImagesWhy the CFPB's funding may be unconstitutionalThe Consumer Financial Protection Bureau headquarters in Washington. Lawmakers created the federal agency to protect consumers from predatory financial practices. The Supreme Court ruled against the agency in a 2020 case, Seila Law v. CFPB, finding part of its structure to be unconstitutional but ultimately keeping the agency intact. Instead, the CFPB's funding isn't authorized by Congress each year.

Persons: Bill Clark, Washington . Samuel Corum, Dodd, Frank, —, John Coleman, Orrick, Coleman, Rohit Chopra, Tom Williams Organizations: U.S, Supreme, Cq, Inc, Getty, Financial, Bloomberg, Lawmakers, U.S ., Appeals, Circuit, Congress, Federal Reserve, 5th Circuit, Congressional Research Service, Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors Locations: Washington .

☆ California's newly-appointed senator may not live in California at all
▼ + stars: | 2023-10-02 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Sunday evening, he announced that EMILYs List President Laphonza Butler would hold the seat. Gavin Newsom's interim replacement for Sen. Dianne Feinstein doesn't appear to actually live in California, records show. Shortly after this was pointed out online, EMILYs List removed that part from her biography. "She moved to the DC area when she became president of EMILY's List. A Tea Party-backed challenger used residency questions to help sink longtime Republican incumbent Sen. Richard Lugar in a fiercely contested 2012 Indiana GOP primary.

Persons: Sen, Dianne Feinstein's, Gavin Newsom, Laphonza Butler, Butler, —, Gavin Newsom's, Dianne Feinstein doesn't, Feinstein, Newsom, Butler doesn't, Izzy Gardon, Richard Lugar, Adam Schiff, Schiff, Barbara Lee, Katie Porter, Steve Garvey Organizations: FEC, Service, Democratic, Federal, Commission, EMILYs, Politico, Congressional Research Service, Tea, Republican, Indiana GOP, Senate, Reps, Los Angeles Dodgers Locations: California, Maryland, Silver Spring , Maryland, Washington, DC, . California

☆ Craft beer, marriages and air travel: The collateral damage of a government shutdown
▼ + stars: | 2023-09-29 | by ( Alex Seitz-Wald | ) www.cnbc.com time to read: +14 min

Staff, meanwhile, have been forced to put their real jobs on hold to prepare for the looming shutdown. National parksThe National Park Service plans to close its parks and furlough park rangers if the government shuts down on Sunday. During the 2018-2019 shutdown, the parks themselves remained accessible, but without most services. Some presidential libraries would remain open as long as they have sufficient funds, but others would close and research services would be reduced. A shutdown would result in a "data blackout" of critical economic statistics that influence markets and businesses around the globe.

Persons: Donald Trump, that's, Biden, Joshua, Armando L, Sanchez, Pete Buttigieg, they're, White, Treasury Department furloughed, shutdowns Organizations: Yosemite, Fresno Bee, Tribune, Service, Getty, White House Council, Economic Advisers, Management, Staff, National Park Service, Park Service, Department of Interior, NBC, Congressional Research Service, National Zoo, U.S . Holocaust, Museum, National, Science, National Science Foundation, National Institutes of Health, Centers for Disease Control, Prevention, FBI Agents Association, FBI, Air, Transportation Security, LaGuardia, TSA, O'Hare International, State Department, Consular, Education Department, AmeriCorps, Agriculture Department, Assistance, Women, Small Business Administration, Federal Housing Administration, Social, Consumer, Food and Drug Administration, Consumer Product Safety, Environmental Protection Agency, Occupational Safety, Health Administration, Labor, —, Social Security, Medicare, Treasury Department, Foreign Assets Control, Russia Locations: El Capitan, Yosemite Valley, Washington, Civil, U.S, Europe, Southeast Asia, New Mexico, shutdowns, New York, Chicago, Russia, Iran, Ukraine

☆ Here's what a government shutdown would mean for your wallet
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

During a shutdown, the federal government ceases operations that are deemed non-essential. Win Mcnamee | Getty Images News | Getty ImagesIt's poised to occur this year as hard-right conservatives in the Republican-controlled House are using a possible shutdown as leverage to force deep cuts in federal spending. watch nowMillions may also lose certain federal benefits, with that threat increasing with the length of a shutdown, experts said. Food assistance through the Supplemental Nutrition Assistance, or SNAP, program is "on better footing" than WICs, which would likely be affected within days of shutdown, Sprick said. Section 8 housing vouchers, which are for families with low incomes, seniors and people with disabilities, would also be at risk, Sprick said.

Persons: —, Kevin McCarthy, Win Mcnamee, Sprick, Mark Zandi, Zandi, Emerson Sprick Organizations: Bloomberg Creative, Bloomberg, Getty, Republican, Center, Congressional Research Service, Social Security, Congressional, Workers, Moody's, Contractors, Women, Assistance, SNAP, Loans, Small, Administration, U.S . Department of Education, Education, Center Service, Social Security Administration, Travelers, Transportation Security Administration, United Auto Workers Locations: U.S

☆ The UAW strike and the inexorable math of electric vehicles
▼ + stars: | 2023-09-17 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

EVs have fewer parts than gas-powered vehicles. This means fewer jobs in the industry. That means fewer jobs because EVs are much simpler and therefore easier to assemble. Higgins wrote a book about Tesla, called Power Play, that expertly explains how the company developed a more efficient vehicle manufacturing process. The Tesla Giga Press is a giant machine that uses aluminum die casting to make much larger vehicle parts.

Persons: Stellantis, Tesla, I've, Jim Farley, Carl Court, Elon Musk, Tim Higgins, Higgins Organizations: GM, Ford, EV, Service, Bloomberg, Congressional Research Service, Labor, Auto, Financial Times, UAW, Street, Tesla, Shanghai, Giga, Tesla Giga Press, Toyota, Hyundai, Reuters Locations: Wall, Silicon, Dagenham , England

☆ Kevin McCarthy is moving forward on Biden's possible impeachment by doing the exact same thing he slammed Nancy Pelosi for doing
▼ + stars: | 2023-09-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

At the time, McCarthy said he would hold a formal vote. "That's why today, I am directing our House committee to open a formal impeachment inquiry into President Joe Biden. Some swing-district district Republicans, such as Rep. Don Bacon of Nebraska, also expressed skepticism about taking a formal vote. After a month of debate and further investigation, the House later took a formal vote to formalize Trump's impeachment. What is an impeachment inquiry?

Persons: Kevin McCarthy, Biden, McCarthy, Joe Biden, Breitbart, Don Bacon of Nebraska, Nancy Pelosi, Donald Trump, you've, Pelosi, Bill Clinton, Richard Nixon, Ian Sams, Trump Organizations: Republican, Service, Republicans, Trump, House Republicans, Breitbart News, Twitter, Capitol, Congressional Research Service, Research Service Locations: Wall, Silicon, Ukraine

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