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The answer explains why Congress is racing to wind down what is known as the employee retention tax credit. Lawmakers aim to use the savings to offset the cost of three business tax breaks and a more generous child tax credit for many low-income families. Households benefitting from the changes in the child tax credit would see an average tax cut of $680 in the first year, according to an estimate from the nonpartisan Tax Policy Center. Under current law, taxpayers have until April 15, 2025, to claim the employee retention credit. But in this case, the employee retention tax credit appears to have few friends left on Capitol Hill.

Persons: Danny Werfel, ’ ”, Sen, Ron Wyden, Elizabeth Warren, Ron Johnson, ” Johnson, “, ” Warren, Wyden, Jan, Larry Gray, Gray, ”, ” Gray, preparer, Werfel, Mark Warner Organizations: WASHINGTON, Senate, IRS, —, Center, Senate Finance, Capitol Locations: Rolla , Missouri, America, New Jersey

A classified briefing Tuesday on Ukraine devolved into a shouting match about border security as senators described a tense meeting that did little to break the Senate’s stalemate over whether to include tighter immigration policies in the aid package. The first question instead of asking our panelists, he called on Lankford to give a five-minute talk about the negotiations on border,” Schumer said. “It was just obvious, elephant in the room issue of the administration, in their supplemental request – the second-largest element in the supplemental request is for the border. Schumer said earlier Tuesday that Republicans are free to bring up a border security package as an amendment, and if it can get 11 Democratic votes, it can pass. “They have a golden opportunity if they wanted to do border,” Schumer said.

Persons: Chuck Schumer, Mitch McConnell, GOP Sen, James Lankford of, McConnell, ” Schumer, Arkansas Republican Sen, Tom Cotton, Cotton, “, Joe Biden, …, Chuck Schumer’s, Schumer –, Lindsey Graham of, ”, Lankford, ” Lankford, briefers, Sen, Kevin Cramer, you’ve, Republican Sen, Mitt Romney, ” Romney, ” Sen, Roger Marshall, Vladimir, Putin, Volodymyr, Zelensky, ” Marshall, Schumer, Mark Warner, ” Warner Organizations: Republican, GOP, CNN, Arkansas Republican, Republicans, Department of Homeland Security, DHS, Democratic Locations: Ukraine, Kentucky, James Lankford of Oklahoma, Schumer, Lindsey Graham of South Carolina, North Dakota, Israel, Utah, Kansas, Virginia

☆ Nvidia is the stock of the year. Can it last?
▼ + stars: | 2023-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. What’s happening: Just before Thanksgiving, Nvidia crushed doubts that its star was fading by reporting gangbuster third quarter earnings. By Sosnick’s count, Nvidia executives mentioned AI at least 70 times on their most recent earnings call. Historically, Nvidia has had hard falls after missteps — between 2021 and 2022, shares of the stock fell by 66%.

Persons: Hannah de Wolf, Colette Kress, There’s, ”, Steve Sosnick, we’ve, Nvidia …, Dan Ives, Goldman Sachs, Piper Sandler, Harsh Kumar, Sarat Sethi, DCLA, Sethi, it’s, missteps, hasn’t, Matt Egan, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Catherine Cortez Masto, Biden, Cortez Masto, “ I’m, Todd Young, Tim Kaine, Mark Warner, Rand Paul, Mitch McConnell, Bill Hagerty, Marsha Blackburn ,, Joe Manchin, Roger Marshall, Katie Britt Organizations: CNN Business, Bell, New York CNN, Nvidia, Revenue, Nvidia can’t, Washington Service, Interactive, CNBC, Columbia University, New York University, Israel, Fund, SEC, NYU, …, CNN, US, EU, Indiana Locations: New York, California, China, Wedbush, Israel, Gaza, Columbia, Nevada, American, Virginia, Kentucky, Tennessee, Marsha Blackburn , West Virginia, Joe Manchin , Kansas, Alaska

"Hell on Earth has returned to Gaza," said Jens Laerke, spokesperson for the U.N. humanitarian office in Geneva. Israeli assaults since have laid waste much of Gaza, which Hamas has ruled since 2007. Sirens blared across southern Israel as militants fired rockets from the coastal enclave into towns. U.S. AND HAMAS TRADE ACCUSATIONSThe United States blamed Hamas for the renewed fighting, saying it had failed to produce a new list of hostages to release. The United States is working on a plan with Israel to minimize harm to civilians in any military operation in southern Gaza, a senior U.S. official said.

Persons: Khan Younis, Abu Mustafa, Jens Laerke, Martin Griffiths, Israel, Antony Blinken, Mark Warner, Washington, Crescent, Gazans, Khan, Mohammed Abu, Suhaib, Nidal, Mohammed Salem, Humeyra Pamuk, Ari Rabinovich, Emily Rose, Andrew Mills, David Brunnstrom, Grant McCool Organizations: REUTERS, United Nations, Hamas, Tel, Hezbollah, Reuters, Democratic U.S, Senate Intelligence, Palestinian, Thomson Locations: Israel, Gaza, GAZA, Geneva, QATAR, Qatar, Radwan, Tel Aviv, Lebanon, Iran, Lebanese, States, Jerusalem, Washington, United States, Israeli, Rafah, Egypt, U.S, Khan Younis, Khan, Suhaib Salem, Cairo, Doha

☆ Protests encapsulate progressive angst that could imperil Biden’s 2024 campaign
▼ + stars: | 2023-11-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Israel could not have asked for a better friend than President Joe Biden. As global anger mounted at the thousands of civilian deaths in Gaza during Israel’s counter-attack against Hamas, Biden has been unequivocal on the Jewish state’s right to hit back. He pushed back at suggestions by Prime Minister Benjamin Netanyahu that Israel would somehow control Gaza after the war. Senior administration officials have repeatedly denied that any part of Biden’s calculations on Israel are rooted in domestic politics. Protests have rocked university campuses, where there’s been an outbreak of anti-Israel feeling that has sometimes crossed into blatant antisemitism.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Democratic Sen, Mark Warner, Virginia, Alexandria Ocasio, Cortez, “, –, what’s, ” Biden, Netanyahu, there’s, Hakeem Jeffries, Andy Biggs, Donald Trump, George Floyd, Trump, CNN’s Jeff Zeleny Organizations: CNN, Hamas, Democratic Party, Jewish, Democratic, CBS, Rep, New York Democrat, NPR, PBS, Marist, Israel, White, Democratic National Committee, Capitol, Democrat Party, DNC, American, GOP, Trump, New York Times, Siena Locations: Gaza, United States, Michigan, Israel, Alexandria, San Francisco, Washington, Arizona, California, Asia, Oakland, Iraq, Georgia, Virginia, Ohio, East

☆ US to brief senators on foreign online influence focused on Israel, Ukraine
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

[1/2] Smoke rises above Gaza, as seen from southern Israel, amid the ongoing conflict between Israel and the Palestinian group Hamas, November 15, 2023. REUTERS/Alexander Ermochenko Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - President Joe Biden's administration is holding a joint classified briefing for members of the U.S. Senate Intelligence and Commerce committees Wednesday on recent foreign online influence focused on Israel/Gaza and the Ukraine conflict. The bill was introduced by Senate Intelligence Committee chair Mark Warner and Republican John Thune and 24 other senators in March called the Restrict Act. Warner said some misinformation social media posts suggest the Oct. 7 attacks by Hamas did not happen or were started by Israel. Republican Senator Jerry Moran, who backs the Restrict Act, told Reuters recent online misinformation "will be another impetus" to get Congress to act.

Persons: Alexander Ermochenko, Joe Biden's, Mark Warner, Republican John Thune, Warner, Jerry Moran, Maria Cantwell, TikTok, Josh Hawley, Janet Yellen, Biden, David Shepardson, Diane Craft, David Gregorio Our Organizations: Palestinian, Hamas, REUTERS, Rights, U.S . Senate Intelligence, National Intelligence, Biden, Senate Intelligence, Republican, Warner, Reuters, Senate, Guard, Thomson Locations: Gaza, Israel, Ukraine, Congress

REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.

Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana

☆ How the GOP muzzled the quiet coalition that fought foreign propaganda
▼ + stars: | 2023-11-10 | by ( Kevin Collier | Ken Dilanian | ) www.cnbc.com time to read: +14 min

A once-robust alliance of federal agencies, tech companies, election officials and researchers that worked together to thwart foreign propaganda and disinformation has fragmented after years of sustained Republican attacks. The most recent setback came when the FBI put an indefinite hold on most briefings to social media companies about Russian, Iranian and Chinese influence campaigns. "We're having some interaction with social media companies," Wray said. "The symbiotic relationship between the government and the social media companies has definitely been fractured." Tech companies are still sharing their findings with each other, a Meta spokesperson told NBC News.

Persons: Christopher Wray, Wray, Sen, Mitt Romney, they're, Mark Warner, Warner, Hillary Clinton's, Barack, CISA, Joe Biden, Donald Trump, Hunter, Mark Zuckerburg, Hunter Biden, didn't, Biden, Nina Jankowicz, Jankowicz, Jen, Jim Jordan, Kara Swisher, we're, Elon Musk, wasn't Organizations: U.S, Capitol, Washington , D.C, GOP, FBI, Force, NBC News, Senate Homeland Security Committee, Justice Department, Committee, Republican, Infrastructure Security Agency, Department of Homeland Security, Microsoft, Senate Intelligence, Kremlin, Internet Research Agency, Facebook, Twitter, National Security Agency, Democrats, New, Digital, Republicans, Homeland Security, Wired, Rep, Tech Locations: Washington ,, Silicon Valley, R, Utah, Russia, Iran, China, U.S, Illinois, CISA, New York, Missouri, Louisiana, Ohio, Israel

☆ Manchin’s retirement may end up being his biggest tease yet
▼ + stars: | 2023-11-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the West Virginia senator’s Thursday announcement that he won’t seek reelection next year only refreshed a perennial question arising from his savvy instinct for accumulating power: What exactly is he up to? Second, the announcement immediately stoked speculation that Manchin is mulling a third-party presidential bid. Manchin’s decision to quit Washington comes as a formidable potential Republican challenger, West Virginia Gov. And if Manchin can’t win in the MAGA stronghold of West Virginia, it’s impossible to believe any other Democrat can. West Virginia was once a Democratic bastion, however.

Persons: Joe Manchin, won’t, ’, Jim Justice, Manchin, Donald Trump, “, he’d, ” Manchin, he’s, Joe Biden, Trump, CNN’s Manu Raju, “ I’ve, Biden, Robert F, Kennedy Jr, Cornel West, Jill Stein, Hillary Clinton, she’d, ”, Scott Jennings, David Axelrod, Barack Obama, ” Axelrod, Trump ? Democratic Sen, Mark Warner, Virginia doesn’t, CNN’s Wolf Blitzer, Robert Byrd, John Kilwein, keener, Kyrsten Sinema, John Denver’s, John Kennedy, Bill Clinton, ” Kilwein Organizations: CNN, West Virginia senator’s, Republican, West, West Virginia Gov, GOP, Democrats ’, White, Senate, Democrats, Trump, Democratic, Harvard, Green Party, Biden, Democrat, Republicans, Trump ? Democratic, West Virginians, West Virginia University, “, ”, Arizona Sen, White House, Republican Party Locations: West Virginia, Washington, MAGA, Montana and Ohio, New Hampshire, battlegrounds, Farmington, Appalachia, Arizona, . West Virginia, Manchin’s

☆ Virginia elections: Youngkin looks to prove that non-MAGA politics can be a winning Republican strategy
▼ + stars: | 2023-11-07 | by ( Jake Tapper | Arit John | ) edition.cnn.com time to read: +10 min

Glenn Youngkin isn’t on the ballot this year, but his push for a new conservative direction for the Republican Party is. The discipline extended beyond the 10 candidates Youngkin endorsed in competitive primaries, so as to keep distractions at bay. Virginia Democrats, who would normally use such a post to put the entire GOP in an awkward position, did not apparently even notice. Still, there isn’t a lot of evidence that the Virginia Democratic Party sees Youngkin as any sort of liability for the GOP — he isn’t featured negatively in any of their ads, for example. “What we have found out over the last two years is that that vest-wearing, affable, basketball playing dad is really a MAGA Extremist,” said Virginia Democratic Party Chair Susan Swecker.

Persons: Glenn Youngkin isn’t, MAGA, He’s, Youngkin –, aren’t, that’s, Donald Trump, ”, “, Youngkin, “ I’ve, Joe Biden, ” Youngkin, ABC’s George Stephanopoulos, Youngkin’s, Mark J, Rozell, Roe, Wade, ” Rozell, Taylor Keeney, Bob McDonnell, Thomas Peterffy, Sen, Siobhan Dunnavant, Dunnavant, Del, Tara Durant, Matt Strickland, Emily Brewer, Hermie Sadler, Durant, Juan Pablo Segura, Jason Ballard, John McGuire, Bryce Reeves, Bill Woolf, Buddy Fowler, John, Lee Peters, Mike Dillender, McGuire, Reeves, Ballard, Daniel Squadron, Tim Kaine, Mark Warner, he’s, Susan Swecker Organizations: CNN, Virginia Gov, Republican Party, Democratic, Democrat, Republican, GOP, Privately, Trump, Commonwealth, Virginia Democrats, Schar School of Policy, Government, George Mason University . Virginia, Republican Gov, PAC, OB, Covid, NASCAR, Heritage Festival, Heritage Indian, The States, States Project, Democratic National Committee, Democrats, Republicans, Virginia Democratic Party, Virginia Democratic Locations: Virginia, Fredericksburg, “, Richmond, Chantilly, Sens

☆ Senators urge US to take steps to boost battery production, citing China
▼ + stars: | 2023-11-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/Stringer/ File photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China's dominance and export controls, according to a letter seen by Reuters. China dominates the global EV battery supply chain including production of graphite - the single largest component. The letter wants a committee briefing by Dec. 1 "on ongoing research and development of next-generation battery technologies." China accounts for 70% of the global production of lithium-ion batteries, the letter said, noting of five critical minerals required for most lithium-ion batteries, China "controls between 60-100% of the mining or refining for these minerals."

Persons: Stringer, Mark Warner, Joe Manchin, China's, Jennifer Granholm, David Shepardson, Leslie Adler, Stephen Coates Organizations: REUTERS, Rights, Democratic U.S, Energy Department, Reuters, Senate, Energy, Pentagon, Department of Defense, Thomson Locations: Huzhou, Zhejiang province, China, United States, Asia, U.S

☆ One of the Colorado officers who arrested Elijah McClain, leading to his death, was found guilty. Another officer was acquitted.
▼ + stars: | 2023-10-12 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Elijah McClain, an unarmed, 23-year-old Black man, died in 2019 after being arrested in Colorado. AdvertisementAdvertisementThe case initially did not receive widespread attention, but protests over the killing of George Floyd the following year sparked outrage over McClain's death. Their attorneys blamed McClain's death on the paramedics for injecting him with ketamine, which doctors said is what ultimately killed him. Paramedics injected McClain with ketamine as Roedema and another officer who was not charged held him on the ground. However, Cina still was not able to say if the death was a homicide or an accident or if the officers' actions contributed to McClain's death.

Persons: Elijah McClain, McClain, —, Randy Roedema, Jason Rosenblatt, McClain's, Sheneen McClain, Phil Weiser, George Floyd, Jared Polis, Phil Weiser's, Floyd, Roedema, Rosenblatt, Jason Slothouber, Mark Warner, Nathan Woodyard, Don Sisson, Sisson, Harvey Steinberg, Stephen Cina, Cina, Roger Mitchell, Mitchell Organizations: Service, Colorado, Howard University, D.C Locations: Colorado, Denver, Washington

BRIGHTON, Colo. (AP) — Jurors convicted a Denver-area police officer Thursday and acquitted another of charges in the 2019 death of Elijah McClain, a Black man whose name became a rallying cry in protests over racial injustice in policing. Roedema and another officer who was not charged held down McClain while paramedics administered the ketamine. The case initially did not receive widespread attention, but protests over the killing of George Floyd the following year sparked outrage over McClain’s death. Paramedics injected McClain with ketamine as Roedema and another officer who was not charged held him on the ground. However, Cina still was not able to say if the death was a homicide or an accident or if the officers’ actions contributed to McClain’s death.

Persons: Elijah McClain, Randy Roedema, Jason Rosenblatt, Roedema, Sheneen McClain, Phil Weiser, McClain, Rosenblatt, George Floyd, “, ”, Jared Polis, Phil Weiser’s, Floyd, McClain’s, Jason Slothouber, Mark Warner, Nathan Woodyard, Don Sisson, Sisson, Stephen Cina, Cina, Roger Mitchell, Mitchell Organizations: BRIGHTON, Roedema, Aurora, Colorado, Howard University, D.C Locations: Colo, Denver, McClain, Colorado, Washington

The governor has the sole discretion to restore those civil rights, apart from firearm rights, which can be restored by a court. It called on DOJ to look into the matter as a possible violation of the Voting Rights Act or other federal laws. The Virginia Department of Elections said in a statement Tuesday that impacted voters will receive written notification that their registrations have been reinstated. It also offered some pushback against the letter, saying it incorrectly claimed that voters were purged “without notice.”“This is false. Macaulay Porter, a spokeswoman for Youngkin, said in a statement that the effort to determine which voters may have been improperly removed was ongoing.

Persons: Glenn Youngkin's, General Merrick Garland, Macaulay Porter, Youngkin, ” Porter, Aryele Bradford, Corinne Geller, Mark Warner, Tim Kaine, Robert “ Bobby ” Scott, Gerry Connolly, Donald Beyer, Abigail Spanberger, Jennifer Wexton, Jennifer McClellan Organizations: —, Democratic, U.S . Department of Justice, Republican Gov, DOJ, Department of Justice, The Virginia Department, Elections, Virginia State Police, Department, U.S Locations: RICHMOND, Va, Virginia, Sens

The Hamas terrorist attack on Israel is reprehensible. Israel is under heavy attack right now by Hamas and taking action to defend itself and its people. Israel has every right to defend itself.”Sen. Jon Tester, Montana Democrat“I strongly condemn the terrorist attacks launched by Hamas against our ally Israel. I will continue to closely monitor the situation.”Sen. Maggie Hassan, New Hampshire Democrat“Hamas’s terrorist attack on Israel is nothing short of horrifying. Israel has every right to defend itself from this unjust war.”Sen. Ron Wyden, Oregon Democrat“The terrorist attack on Israel is appalling.

Persons: Hakeem Jeffries, “, Steve Scalise, ” Kevin McCarthy, ” Chuck Schumer, –, Herzog –, ” Mitch McConnell, ” Tom Emmer, ” Katherine Clarke, ” Dick Durbin, ” John Thune, ” Sen, Debbie Stabenow, Michigan Democrat “, Israel, Amy Klobuchar, Mark Warner, Elizabeth Warren, Massachusetts Democrat “, Bernie Sanders, Cory Booker, Cory Booker , New Jersey Democrat “, Joe Manchin, West Virginia Democrat “, Tammy Baldwin, Wisconsin Democrat “, Gary Peters, Gary Peters , Michigan Democrat “, Catherine Cortez Masto, Brian Schatz, Hawaii Democrat “, Jeff Merkley, Oregon Democrat “, John Barrasso, Joni Ernst, Iowa Republican “, Sen, Shelley Moore Capito, West Virginia Republican “, Steve Daines, Montana Republican “, Mike Lee, Mike Crapo, Chuck Grassley, Tommy Tuberville, Katie Britt, Lisa Murkowski, Dan Sullivan, Kyrsten, Mark Kelly, John Boozman, Tom Cotton, Arkansas Republican “, Alex Padilla, Laphonza Butler, California Democrat “, today’s, Michael Bennet, Colorado Democrat “, John Hickenlooper, Richard Blumenthal, Connecticut Democrat “, Chris Murphy, Tom Carper, Delaware Democrat “, Chris Coons, Marco Rubio, Rick Scott, Jon Ossoff, Georgia Democrat “, Anat Sultan, Raphael Warnock, “ I’m, Mazie, Tammy Duckworth, Todd Young, Mike Braun, Jerry Moran, Kansas Republican “, Hamas’s, Roger Marshall, Netanyahu, Rand Paul, Kentucky Republican “, Bill Cassidy, John Kennedy, Susan Collins, Maine Republican “, Ben Cardin, Maryland Democrat “, Chris Van Hollen, Ed Markey, Tina Smith, Minnesota Democrat “, Roger Wicker ,, Roger Wicker , Mississippi Republican “, Cindy Hyde, Josh Hawley, Eric Schmitt, Jon Tester, Montana Democrat “, Deb Fischer, Nebraska Republican “, Pete Ricketts, Jacky Rosen, Nevada Democrat “, Jeanne Shaheen, Jeanne Shaheen , New Hampshire Democrat “, Maggie Hassan, Maggie Hassan , New Hampshire Democrat “, Bob Menendez, Bob Menendez , New Jersey Democrat “, Martin Heinrich, New Mexico Democrat “, Biden, Ben Ray Lujan, Kirsten Gillibrand, New York Democrat “ I'm, Thom Tillis, Ted Budd, North Carolina Republican “, John Hoeven, John Hoeven , North Dakota Republican “, Kevin Cramer, Sherrod Brown, Ohio Democrat “, J.D, ”, Vance, James Lankford, Markwayne Mullin, Israel –, Ron Wyden, Bob Casey, John Fetterman, craven, Jack Reed, Sheldon Whitehouse, Lindsey Graham, Tim Scott, South Carolina Republican “ I’m, Mike Rounds, South Dakota Republican “ Shocked, Marsha Blackburn, Marsha Blackburn , Tennessee Republican “ Israel, Bill Haggerty, Tennessee Republican “, John Cornyn, John Cornyn , Texas Republican “, Ted Cruz, Mitt, Vile, Peter Welch, Vermont Democrat “, Tim Kaine, Patty Murray, Washington Democrat “, Maria Cantwell, Ron Johnson, Wisconsin Republican “ Israel, Cynthia Lummis, Wyoming Republican “, Jim Jordan, Jared Moskowitz, Abigail Spanberger, Elissa Slotkin, Don Bacon, perpetrating, Cori Bush, Missouri Democrat “, Kevin Hern, Kevin Hern , Oklahoma Republican “, ” Rep, Ritchie Torres, Ritchie Torres , New York Democrat “, Michael McCaul, Michael McCaul , Texas Republican “ I, Ilhan Omar Organizations: Palestinian, Hamas, Biden, House, Michigan Democrat, Minnesota Democrat, Virginia Democrat “, Senate Intelligence, Massachusetts Democrat, Islamic, Cory Booker , New, Cory Booker , New Jersey Democrat, West Virginia Democrat, Wisconsin Democrat, Gary Peters , Michigan Democrat, Nevada Democrat, Hawaii Democrat, State, Oregon Democrat, John Barrasso , Wyoming Republican, Iowa Republican, West Virginia Republican, Montana Republican, Utah Republican, Idaho Republican, Alabama Republican, Alaska Republican, Alaska Republican “, Arizona Democrat, John Boozman , Arkansas Republican “, Jewish, Arkansas Republican, California Democrat, Colorado Democrat, Connecticut Democrat, Delaware Democrat, Israel, Florida Republican, Georgia Democrat, Hawaii Democrat “, Indiana Republican, Indiana Republican “, Kansas Republican, Kentucky Republican, Louisiana Republican, Maine Republican, Maryland Democrat, Roger Wicker , Mississippi Republican, Smith , Mississippi Republican, Josh Hawley , Missouri Republican, Missouri Republican, Montana Democrat, Nebraska Republican, Jeanne Shaheen , New, Jeanne Shaheen , New Hampshire Democrat, Maggie Hassan , New Hampshire Democrat, Bob Menendez , New, Bob Menendez , New Jersey Democrat, New Mexico Democrat, New, New York Democrat, United, North Carolina Republican, John Hoeven , North Dakota Republican, Kevin Cramer , North Dakota Republican “, Ohio Democrat, Vance , Ohio Republican, James Lankford , Oklahoma Republican, Oklahoma Republican, “ Hamas, Rhode, Lindsey Graham , South Carolina Republican, South Carolina Republican, South Dakota Republican, Marsha Blackburn , Tennessee Republican, Tennessee Republican, John Cornyn , Texas Republican, Ted Cruz , Texas Republican, Vermont Democrat, Washington Democrat, Wisconsin Republican, Wyoming Republican, ”, Ohio Republican “, Missouri Democrat, Kevin Hern , Oklahoma Republican, Ritchie Torres , New, Ritchie Torres , New York Democrat, Jewish State, Michael McCaul , Texas Republican Locations: Israel, United States, Tehran, The United States, Iran, Michigan, U.S, Minnesota, Massachusetts, Vermont, Cory Booker ,, Cory Booker , New Jersey, West Virginia, Wisconsin, Gary Peters , Michigan, Nevada, Hawaii, Oregon, John Barrasso , Wyoming, America, Iowa, West, Montana, Iranian, Utah, Idaho, Alabama, Alaska, Alaska Republican “ America, @Israel, Kyrsten Sinema, Arizona, John Boozman , Arkansas, Jewish State, Arkansas, Saudi Arabia, California, Gaza, Colorado, Connecticut, Delaware, Florida, Georgia, Mazie Hirono, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Palestine, Roger Wicker , Mississippi, Smith , Mississippi, Josh Hawley , Missouri, Missouri, Nebraska, Jeanne Shaheen ,, Jeanne Shaheen , New Hampshire, Maggie Hassan , New Hampshire, Bob Menendez ,, Bob Menendez , New Jersey, New Mexico, New York, North, John Hoeven , North, Kevin Cramer , North, Ohio, Vance , Ohio, James Lankford , Oklahoma, Oklahoma, Pennsylvania, Rhode Island, Lindsey Graham , South, South, States, Marsha Blackburn , Tennessee, Tennessee, John Cornyn , Texas, Ted Cruz , Texas, Mitt Romney, Virginia, “ Hamas, Washington, Wyoming, Ohio Republican “ America, Kevin Hern , Oklahoma, Ritchie Torres ,, Ritchie Torres , New York, Michael McCaul , Texas

At issue is RISC-V, pronounced "risk five," an open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F). RISC-V can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence. The RISC-V technology came from labs at the University of California, Berkeley, and later benefited from funding by the Pentagon's Defense Advanced Research Projects Agency (DARPA). Its executives said in August they believe RISC-V will speed up chip innovation and transform the tech industry. Jack Kang, vice president of business development at SiFive, a Santa Clara, California-based startup using RISC-V, said potential U.S. government restrictions on American companies regarding RISC-V would be a "tremendous tragedy."

Persons: Florence Lo, Joe Biden's, Marco Rubio, Mark Warner, Mike Gallagher, Biden, Michael McCaul, McCaul, " Rubio, Warner, Jack Kang, Kang, Kevin Wolf, Akin Gump, Barack Obama, Wolf, Max A, Cherney, Stephen Nellis, Will Dunham, Kenneth Li Organizations: REUTERS, U.S ., Arm Holdings, Republican, Democratic, Reuters, Commerce Department, People's, CCP, Chinese Communist Party, House Foreign Affairs, of Industry, Security, Commerce, University of California, Pentagon's Defense, Research Projects Agency, DARPA, HUAWEI, Huawei Technologies, Qualcomm, Google, Thomson Locations: China, U.S, Beijing, People's Republic of China, Communist China, Swiss, Berkeley, United States, SiFive, Santa Clara , California, San Francisco

☆ US Commerce head hopes to make first chips funding awards this fall
▼ + stars: | 2023-10-04 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsWASHINGTON, Oct 4 (Reuters) - U.S. Commerce Secretary Gina Raimondo said Wednesday she hopes to announce the first chips funding award announcements from the government's $39 billion semiconductor subsidy program this fall. "I hope we will have some chips funding announcements this fall." It is not clear how long from initial announcements it will take the Commerce Department to finalize funding agreements. Separately, Raimondo said she supports legislation that would give the Commerce Department new tools to address information and communications technology supply (ICTS) chain concerns posed by China and other foreign adversaries.

Persons: Gina Raimondo, Aly, Raimondo, Mark Warner, John Thune, TikTok, Maria Cantwell, David Shepardson, Diane Craft, Marguerita Choy Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Rights, . Commerce, Senate, Commerce Department, Guard, Thomson Locations: Shanghai Pudong, Shanghai, China

☆ Reaction to Democratic U.S. Senator Feinstein's death
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +4 min

Senator Dianne Feinstein (D-CA) (C) talks to reporters as she walks to the Senate floor on Capitol Hill, in Washington December 9, 2014. Senator Dianne Feinstein, a California Democrat, has died at 90, a source familiar with the news said on Friday, although Feinstein's office did not immediately respond to a request for comment. U.S. REPRESENTATIVE JUDY CHU, a California Democrat, on X:"Senator Feinstein was a trailblazer, a proud Californian, and a legislative titan. HILLARY CLINTON, former U.S. senator, secretary of state and Democratic presidential nominee, on X:"I'm deeply saddened by the passing of Dianne Feinstein. SENATOR TIM SCOTT, a South Carolina Republican and 2020 presidential candidate, on X:"Saddened to learn of Senator Feinstein’s passing.

Persons: Dianne Feinstein, KATIE PORTER, Feinstein, JUDY CHU, HILLARY CLINTON, CHRIS MURPHY, Dianne, CHUCK GRASSLEY, Sen Feinstein, I’ll, TIM, Feinstein’s, MARCO RUBIO, MARK WARNER, Sen, KIRSTEN GILLIBRAND, CLAIRE MCCASKELL, Makini Brice, David Morgan, Jasper Ward, Susan Heavey, Jan Harvey 私 Organizations: CIA, California Democrat, trailblazer, Democratic, U.S, Connecticut Democrat, Iowa Republican, ppl, TIM SCOTT, South Carolina Republican, Florida Republican, Virginia Democrat, New, New York Democrat, Senate, Democratic U.S, MSNBC Locations: Washington, 読む WASHINGTON, California, U.S, Connecticut, Newtown, Iowa, Florida, Virginia, New York, Missouri

Here's what you need to know about McClain's death and the trial in state court:HOW DID ELIJAH McCLAIN DIE? A Colorado prosecutor initially decided against prosecuting McClain’s death largely because the coroner’s office could not determine exactly how he died. Roedema, a former Marine who is currently suspended without pay, had been with the department for five years before McClain’s death. The two officers have not talked publicly about McClain’s death and it’s unknown if they’ll take the stand to testify. Their lawyers told jurors that the officers' actions followed police policies and weren’t responsible for McClain’s death.

Persons: Elijah McClain’s, George Floyd, McClain, he's, ELIJAH McCLAIN, Nathan Woodyard, Woodyard, McClain’s, Jared Polis, Randy Roedema, Jason Rosenblatt —, Rosenblatt, they’ll, They’ve, Stephen Cina, “, ”, Reid Elkus, who’s, They’re, Cina, David Beuther, Beuther, Jeremy Cooper, Peter Cichuniec, Cooper, Cichuniec, Roedema, Mark Warner, ___ Brown Organizations: DENVER, Minneapolis, Paramedics, Democratic, African Locations: Denver, Aurora, Colorado, Billings, Mont

☆ 'Watch out': Senate Intelligence chair cautions on AI 'deep fakes' ahead of 2024 election
▼ + stars: | 2023-09-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — The chairman of the Senate Select Committee on Intelligence warned Wednesday that artificial intelligence could be manipulated to affect the 2024 U.S. elections and financial markets. These are "the two areas where AI can have the most immediate disruptive effect," Sen. Mark Warner, D-Va., told CNBC's "Squawk Box." "With a presidential year coming ... the kind of deep fake and manipulation that can take place: Watch out," Warner said. Warner said the United States is vulnerable to countries with advanced AI technology, such as China. Biden said those efforts were geared "to make sure we govern this technology, not the other way around, having it govern us."

Persons: Sen, Mark Warner, Biden, WASHINGTON —, CNBC's, Warner, Joe Biden Organizations: Washington , D.C, WASHINGTON, Intelligence, United Nations General Assembly Locations: Washington ,, United States, China

☆ Sen. Mark Warner on A.I. threat: The effects of A.I. tools on the market can be so draconian
▼ + stars: | 2023-09-20 | 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 EmailSen. Mark Warner on A.I. threat: The effects of A.I. tools on the market can be so draconianSenate Intelligence Committee chairman and Banking Committee member Sen. Mark Warner (D-Va.) joins 'Squawk Box' to discuss the potential threat posed by A.I., how the government can enact guardrails to effectively regulate the technology, looming government shutdown, and more.

Persons: Email Sen, Mark Warner, Sen, A.I Organizations: Email, Banking

☆ Why a single mom is stuck paying her ex husband's student debt — and needs his permission to make any changes to her payments
▼ + stars: | 2023-09-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Biden signed into law a bill allowing student-loan borrowers who combined balances with a spouse to separate their loans. They wouldn't owe payments, and if approved for administrative forbearance, their interest rates would be set to zero. Brigid, a 55-year-old borrower with spousal loans, told Insider she's experienced a similar dilemma. However, because of the strict nature of spousal loans, she would also have to meet the hardship requirements by, for example, also having cancer in order to receive the deferment. But she's been unable to receive administrative forbearance, and she's frustrated borrowers with spousal loans are blocked from opportunities federal borrowers are receiving.

Persons: Biden, Theresa, she's, Theresa —, —, Sen, Mark Warner, David Price, Joe Biden, Price, it's, That's, hasn't, servicer, Brigid, servicers, It's, they'll, Elizabeth Organizations: Service, Education Department, Federal Student Aid, Group, Family Education, forbearance Locations: Wall, Silicon, forbearance

☆ Abortion: These Virginia candidates could shape how both parties talk about abortion in 2024
▼ + stars: | 2023-09-16 | by ( Simone Pathe | ) edition.cnn.com time to read: +13 min

Every seat in both the GOP-led state House and the Democratic-controlled state Senate is up for election. People sign a poster that reads "Elect More Women" during the Democratic rally in Glen Allen, Virginia, on September 9, 2023. Virginia House Democrats have run an ad highlighting nearby states’ stricter abortion laws and featuring a comment by a state House Republican candidate during the primaries that he would support a “100% ban” on abortion. “The Dobbs decision completely changed what Virginia voters are thinking about,” Mamie Locke, the chair of the Virginia Senate Democratic Caucus, said in a phone interview last month. Susanna Gibson, the Democratic nominee for Virginia House District 57, speaks to the crowd during the rally in Glen Allen, Virginia, on September 9, 2023.

Persons: Glen, Sen, Siobhan Dunnavant, Schuyler VanValkenburg –, –, Glenn Youngkin, Sue Geller, Schuyler VanValkenburg, Tim Kaine, Rebecca Wright, ” VanValkenburg, Roe, Wade, “ There’s, ” Virginia Sen, Abigail Spanberger, Donald Trump, Kaine, CNN Kaine, Mark Warner, Joe Biden, Biden, Dunnavant, – she’s, shouldn’t, “, Dobbs, ” Dunnavant, Ronna McDaniel, Mitch McConnell –, ” Liesl Hickey, Tammy Campbell isn’t, Glen Allen, ” “, ”, VanValkenburg, It’s, Campbell, we’re, ” Campbell, ’, “ MAGA, ” Mamie Locke, Scott Kozar –, VanValkenburg’s –, Eric Cantor, Dave Brat, Arnold Palmers, Susanna Gibson, CNN Gibson, CNN she’s, Gibson, David Owen, homebuilder, Owen, I’m, ” Owen Organizations: Virginia CNN, GOP, Republican, broach, OB, Democratic, GOP Gov, CNN, Democratic Rep, Democratic National Committee, Festival of India, Greater, Greater Richmond Convention, Virginia Senate, Festival of, Washington Post, Schar, Virginia voters, Republicans, Virginia, Democrats, “ MAGA Republicans, Virginia Democrats, Virginia Senate Democratic Caucus, “, Virginia House District, Richmond Times, Dispatch Locations: Glen Allen, Virginia, Henrico County , Virginia, Richmond, “, Del, Glen Allen , Virginia, Roe , Virginia, Southern, Greater Richmond, Festival of India, Richmond , Virginia, Washington, Richmond want Virginia, Ohio, Spanberger

But he’s hoping that they will give senators some realistic direction as he tries to do what Congress hasn't done for many years — pass meaningful regulation of the tech industry. “It’s going to be a fascinating group because they have different points of view,” Schumer said in an interview with The Associated Press ahead of the forum. Many members of Congress agree that legislation will probably be needed in response to the quick escalation of artificial intelligence tools in government, business and daily life. In the United States, most major tech companies have expressed support for AI regulations, though they don’t necessarily agree on what that means. Blumenthal’s framework calls for a new “licensing regime” that would require tech companies to seek licenses for high-risk AI systems.

Persons: Chuck Schumer, Meta’s Mark Zuckerberg, Elon Musk, Bill Gates, Schumer, Republican Sen, Mike Rounds, “ It’s, ” Schumer, ” Rounds, “, ”, Mark Warner, Democratic Sen, Martin Heinrich of, Todd Young, Indiana —, Sam Altman, Forrester, Sen, Young, ” Young, “ We’ve, Dana Rao, We’ve, Richard Blumenthal, Conn, Josh Hawley, ” Blumenthal, ___ O'Brien, Ali Swenson, Kelvin Chan Organizations: WASHINGTON, Capitol, Microsoft, Republican, Associated Press, AP, Democratic, European Union, Adobe Locations: South Dakota, Martin Heinrich of New Mexico, Indiana, U.S, United States, Europe, Josh Hawley of Missouri, Providence , Rhode Island, New York, London

Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. The drop in the technology sector weighed on the three main U.S. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. IPHONE SLOWDOWNChina has been a bright spot for Apple in an otherwise tough period for iPhone sales.

Persons: chipmaker SMIC, Jake Sullivan, Sullivan, Thomas Peter, Biden, Mike Gallagher, Gallagher, Mark Warner, Rick Meckler, Susannah Streeter, Hargreaves Lansdown, Streeter, Aditya Soni, Jaspreet Singh, Shristi Achar, Diane Bartz, David Gaffen, Shounak Dasgupta, Devika Organizations: Apple, Street, Washington, Huawei, HK, U.S . Commerce Department, National, Air Force, BofA Global Research, Qualcomm, REUTERS, Beijing, Communist Party, People's, Republican, Reuters, U.S, Senate Intelligence Committee, planemaker Boeing, Micron, Broadcom, Texas, Nasdaq, Cherry Lane Investments, Hargreaves, Thomson Locations: Beijing, US, China, U.S, Kirin, People's Republic of China, Bengaluru

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