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☆ House Democrats have already found something to love about Kevin McCarthy's Republican-led House
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The House just used an open process for amending legislation for the first time in 7 years. But in interviews with Insider this week, Democrats also expressed skepticism that the use of open rules would be more than a one-time thing; the open rules that the chamber utilized last week were provided for as part of the House GOP's rules package. "We'll see how long this lasts," said Democratic Rep. Zoe Lofgren of California, a long-time ally of Pelosi. Spanberger herself had fun with open amendments, submitting one that would exclude drilling from areas offshore because the GOP majority was "looking to destroy Virginia's beautiful coastline." said Democratic Rep. Ro Khanna of California, who said he generally favors an open process.

☆ U.S. lawmakers preparing plan to avert debt-ceiling crisis
▼ + stars: | 2023-01-22 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Congress's rules on the debt ceiling are intended to limit growth of the nation's debt. The White House has said raising the debt ceiling should not be a negotiation. Senator Joe Manchin, have said the administration needs to engage in a debt ceiling negotiation. A 2011 standoff over the debt ceiling lead Standard & Poor's to cut the U.S.'s credit rating, a historic first. Biden is hosting Democratic congressional leaders at the White House on Tuesday.

Republicans are on a collision course with the White House, which is demanding that Congress raise the debt limit without conditions. Republicans have waged heated battles over the debt ceiling, most notably in 2011, but they have always been resolved in time. Why does a GOP House complicate debt ceiling negotiations? Republicans have floated everything from budget cuts to socially conservative legislation as part of a debt ceiling increase. The White House had laid down a marker: no negotiations, no policy strings attached to raise the debt ceiling.

WASHINGTON — Many House Republicans are furious with a band of far-right rebels who they say are holding the party hostage by repeatedly rejecting its nominee for speaker. The unwillingness of most House Republicans to cut a deal with Democrats to pick a speaker weakens their leverage in the showdown with a group of 20 right-wing lawmakers who want to defeat Rep. Kevin McCarthy, R-Calif., who is backed by 90% of the GOP caucus. As Bacon and other McCarthy allies dangle the possibility of a bipartisan speaker to secure the votes to make him speaker, the anti-McCarthy faction is calling their bluff. Rep. Bob Good, R-Va., who has voted against McCarthy all six times, said he doesn’t believe any Republicans would go around the House Freedom Caucus and team up with Democrats to pick a speaker. Democrats open door to consensus speakerSome Democrats say they’re open to negotiating a consensus speaker.

☆ Giving away more power did nothing for Kevin McCarthy, who lost his 8th House speaker ballot after further bowing to dissidents' demands
▼ + stars: | 2023-01-05 | by ( Warren Rojas | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy kept flailing Thursday as 20 House conservatives torched another speaker vote. Republican Rep. Josh Gottheimer, who was once a thorn in House Democrats' side, said the GOP could be in for chaos if talks could on their current trajectory. Republican Rep. Dan Crenshaw of Texas previously compared bringing back the procedural maneuver to governing "with a gun to your head." According to multiple reports, McCarthy has now agreed to let a single House Republican wield that power. This almost certainly means McCarthy would need to rely on House Democrats, a scenario that has doomed past GOP speakers.

☆ McCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. Malliotakis
▼ + stars: | 2023-01-05 | 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 EmailMcCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. MalliotakisRep. Josh Gottheimer (D-N.J.), and Rep. Nicole Malliotakis (R-N.Y.), join 'Squawk Box' to discuss the path forward for the House of Representatives, the impact of seeing President Biden and Mitch McConnell together in Kentucky, and more.

☆ SEC Chair Gary Gensler tees up changes to how the stock market operates
▼ + stars: | 2022-12-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

These wholesalers may send the orders to exchanges, but often match the orders against their own internal order flow. However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Execution quality disclosure Market participants are required to submit monthly reports indicating how well they are executing client orders. Gensler has said investors today need a better understanding of how well their trading orders are being executed. Gensler's broad agenda The proposals on market structure are part of a broad agenda Gensler has undertaken this year.

☆ Stolen checks, fraudulent activity: three major trade association PACs fell victim to theft in what's become a political epidemic
▼ + stars: | 2022-11-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +6 min

An Insider review of FEC filings shows that the National Association of Manufacturers' PAC reported eight instances of stolen and fraudulent checks and bank transfers, amounting to more than $10,000 in losses. Federal Election CommissionAnother trade association, the National Association of Home Builders, reported three instances of "fraudulent debit" during the 2021-2022 election cycle, amounting to more than $20,000 in lost funds. A filing with the FEC from the PAC of the National Association of Home Builders that details money lost from fraudulent disbursements. Federal Election CommissionThe National Association of Home Builders represents more than 140,000 members who construct close to 80% of all the new homes built in the US, per the association's website. The National Association of Home Builders did not respond to Insider's request for comment.

WASHINGTON — House Speaker Nancy Pelosi, D-Calif., is likely to make her future plans clear as soon this week, possibly even Thursday, multiple sources familiar with the matter told NBC News. Pelosi said Sunday she wouldn’t engage with questions about her future until all races were called. Meanwhile, Rep. Hakeem Jeffries, chair of the House Democratic Caucus, is being urged to pursue the leadership role and has met with rank-and-file members. In the office of New Jersey Rep. Josh Gottheimer on Tuesday, he was urged not to miss his moment. Punchbowl News was first to report the Pelosi call with the CA delegation.

☆ Democratic Rep. Josh Gottheimer faces off against Republican Frank Pallotta in New Jersey's 5th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Josh Gottheimer is running against Republican Frank Pallotta in New Jersey's 5th Congressional District. The 5th District stretches through northern New Jersey. New Jersey's 5th Congressional District candidatesGottheimer, first elected in 2016, is vying for a fourth term in Washington, DC. He ran in the general election for New Jersey's 5th Congressional District in 2020, only to lose to Gottheimer, 45.6% to 53.2%. Voting history for New Jersey's 5th Congressional DistrictNew Jersey's 5th Congressional District stretches through northern New Jersey from Bergen County into some of the more rural areas on the state's western flank.

And the House Democrats’ campaign arm last week deployed hundreds of thousands of dollars to save its chairman in a Biden district north of New York City. “And I think that right there explains why this red wave is going to be so big.”The Democratic Congressional Campaign Committee, the campaign arm for House Democrats, said it isn't throwing in the towel. “Nearly a week from Election Day, House Democrats are well positioned to retain the majority despite a Republican gerrymandered map and MAGA Republicans’ dark money-fueled campaigns. Connecticut’s 5th District: Democrats have already spent $4.5 million to re-elect Hayes in a district that backed Biden 54.6% to Trump's 43.9% in the last election. Between now and Election Day, Democrats said they plan to spend an additional $1.5 million in ads to combat comparable spending by Republicans.

☆ Return of pet projects in U.S. Congress crowds out funding for others
▼ + stars: | 2022-09-29 | by ( Andy Sullivan | ) www.reuters.com time to read: +7 min

A view shows the city of Glen Ullin, U.S., in this undated photo. Sept 29 (Reuters) - Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring. The reason: Congress is yet again diverting money to pet projects known as "earmarks. That wasn't an option in North Dakota, whose congressional delegation did not submit any earmark requests this year or last. Glen Ullin probably won't qualify for infrastructure dollars because those are distributed using different criteria, officials say.

WASHINGTON — The House on Thursday passed a package of police funding and public safety bills, legislation that will help vulnerable Democrats blunt GOP campaign attacks that they want to “defund the police” and are ignoring rising crime. John Minchillo / AP fileThe passage of four policing and safety bills came after some last-minute, intraparty drama earlier in the day. Had they followed through, it would have derailed the entire package and dealt Democrats an embarrassing blow on a major campaign issue before the midterms. The Gottheimer bill, which easily passed 360-64, would provide grants to local police departments with fewer than 125 sworn officers. While there is Senate support for some of the House-passed bills, Majority Leader Chuck Schumer, D-N.Y., has no plans to bring a policing package to the floor before the Nov. 8 midterm election.

☆ With an eye on the U.S. ballot box, Democrats to push policing bills on Thursday
▼ + stars: | 2022-09-22 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

Funds would help smaller police departments attract and retain officers and help local governments develop mental health programs to lower crime rates, including gun murders. Prospects for the legislation were unclear in the Senate, split 50-50 between Democrats and Republicans, where 60 of the chamber's 100 votes would be needed for passage. Congressional Democrats have yet to find a way to enact legislation making it easier to hold police departments and their officers accountable for the use of excessive force, especially against minorities. This is not a substitute for that in any way," Democratic Representative Pramila Jayapal said of the legislation being debated on Thursday. Jayapal said a key change in the bill reduced to 125, from 200, the maximum size of small police departments qualifying for federal funds under the bill.

WASHINGTON — Moderate and progressive House Democrats struck a deal Wednesday on a long-awaited policing and public safety package, a breakthrough they hope will unify the party on a key issue weeks before the midterm election. The package includes four bills written by moderate Democrats. Another by Rep. Josh Gottheimer of New Jersey would provide grants to local police departments with fewer than 125 sworn officers. A third, by Rep. Katie Porter of California, would provide grants for mental health professionals and other resources. Two other policing bills, written by moderate Reps. Abigail Spanberger, D-Va., and Dean Phillips, D-Minn., that had previously been a part of the negotiations were removed from the package announced Wednesday.

WASHINGTON — A bipartisan duo on the Jan. 6 committee is rolling out legislation aimed at preventing future attempts to overturn elections, and House leaders are eyeing a vote as early as this week. In an opinion piece in The Wall Street Journal on Sunday evening, Cheney and Lofgren said the bill would include four components. Last week, Majority Leader Steny Hoyer, D-Md., notified members that the full House might consider the bill this week. For instance, the Senate bill would require one-fifth of each chamber to force a vote to object to electors. But in bringing the Cheney-Lofgren bill to the floor this week, House Democratic leaders are sending a clear signal about where their caucus stands on the issue.

☆ Anthony Gonzalez snags GoodRx, Marie Newman sells Moderna, Gary Peters buys fossil fuel burners
▼ + stars: | 2021-04-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.

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