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☆ House subpoenas James and Hunter Biden in GOP-led probe of the president's family
▼ + stars: | 2023-11-08 | by ( Ryan Nobles | Summer Concepcion | ) www.cnbc.com time to read: +7 min

House Republicans on Wednesday issued subpoenas to Hunter and James Biden — President Joe Biden's son and brother, respectively — as well as a Biden family associate, Rob Walker, in an escalation of Republicans' impeachment inquiry into the president. A representative and attorney for Hunter Biden and James Biden did not immediately respond to a request for comment. The subpoenas and interview requests come a day after the special counsel overseeing the probe into Hunter Biden testified before the House Judiciary Committee behind closed doors. The panel further alleges that the Biden family, their business associates and their companies received more than $24 million from foreign nations over approximately five years. "These records reveal how the Bidens sold Joe Biden around to the world to benefit the Biden family, including Joe Biden himself, to the detriment of U.S. interests," Comer said in the statement.

Persons: Jason Smith, Joe Biden, Hunter, James Biden, Joe Biden's, —, Biden, Rob Walker, James Comer, Walker, Sara Biden, James, Hallie Biden, Beau ), Elizabeth Secundy, Melissa Cohen, Hunter's, Tony Bobulinski, Hunter Biden, Ian Sams, Sams, Comer, should've, David Weiss, Weiss, " Weiss, Daniel Goldman, Mary Gay Scanlon, Ted Lieu, Ted Lieu of California —, Scanlon, Matt Gaetz, Jim Jordan, Jordan, — Tom Winter Organizations: House Republicans, Biden, Republicans, Judiciary, Justice Department, Committee, United, United States Attorneys, Department of Justice, NBC News, Trump, Democratic, Florida Republican Locations: Longworth, Ky, United States, New York, Ted Lieu of California, Ohio

☆ Biden impeachment inquiry end game comes into focus, but moderate Republicans still not sold
▼ + stars: | 2023-11-06 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +10 min

In recent days, Comer has said in media appearances that subpoenas for Biden family members are “imminent.”The end of the inquiry is still likely months away. They did, however, secure an interview with the special counsel overseeing the Hunter Biden criminal probe, David Weiss, for Tuesday, which is unprecedented given that the case is ongoing. At every turn, House Democrats and the White House have dismissed the allegations against the president and poked holes in the Republican-led investigation. “The subpoenas to Hunter Biden and other members of the Biden family should have already happened,” Gaetz told CNN. “We’ll see what comes out.”Even members involved in the inquiry know that the evidence doesn’t clear the key hurdles needed to move forward.

Persons: Joe Biden, Biden, –, “, Jim Jordan, Jordan, James Comer, James, Hunter, Comer, David Weiss, Jamie Raskin, Mike Johnson, Johnson, Matt Gaetz, ” Johnson, ” What’s, they’ve, ’ ” Comer, I’ve, we’ve, ”, James Biden, Kevin McCarthy, Hunter Biden, ” Gaetz, Comer doesn’t, hadn’t, it’s, ” Comer, Jack Morgan, Mark Daly, Lesley Wolf, Morgan, Daly, “ There’s, ” Jordan, Don Bacon, Mike Lawler, we’ll, ” Lawler, , Brian Fitzpatrick, Tom McClintock, Doug LaMalfa, “ I’ve, Steve Womack, Mike Rogers of Organizations: Republicans, GOP, Ohio Republican, CNN, Hunter Biden, House Democrats, Republican, Maryland, Capitol, Judiciary, of Justice, DOJ, The Justice, Nebraska Republican, Committee, ”, California Republican, Arkansas Republican Locations: Ohio, Florida, Ukrainian, Nebraska, New York, California, Arkansas, Mike Rogers of Alabama

Known for donning a bow tie and bicycle pin, Blumenauer, 75, has served roughly five decades in public office at the local, state and federal level. “I spent a career working to make Portland the most livable city in the country. He would go on to serve as a commissioner in Multnomah County, home to Portland, and on the Portland City Council before being elected to the U.S. House in 1996. His legacy remains visible today — a bike and pedestrian bridge that opened in the city last year bears his name. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Earl Blumenauer, We’ve, “, ” Blumenauer, Kevin McCarthy, that's, ”, Jonathan Maus, Blumenauer, Hakeem Jeffries, “ Earl, ” ___ Claire Rush Organizations: — U.S . Rep, Associated Press, Oregon House, Portland City Council, U.S . House, Congressional, Caucus, Rep, Washington D.C, Congress, quicken, Congressional Cannabis Caucus, Congressional Progressive Caucus, America Statehouse News Initiative, America Locations: PORTLAND, Oregon, Portland, City Hall, Multnomah County, Mount Hood, Columbia, America, ”, Washington

President Joe Biden’s Cabinet secretaries will be advocating for the foreign aid to a mostly friendly audience in the Senate, where majority Democrats and many Republicans support tying aid for the two countries together. Despite growing questions about the Ukraine aid within the Republican conference, Senate GOP Leader Mitch McConnell has forcefully advocated tying the aid for Ukraine and Israel together. As they returned to Washington on Monday night, Senate Republicans who support the Ukraine aid were uncertain of the path forward. 2 Senate Republican, said it could complicate Democrats’ efforts to pass the two together if there were a bipartisan vote for the Israel aid alone in the House. In recent weeks, though, a growing group of Senate Republicans have joined the majority of House Republicans who are advocating to slow down or stop U.S. aid to Ukraine.

Persons: Lloyd Austin, Antony Blinken, Joe Biden’s, Mike Johnson, Biden, ”, Chuck Schumer, Vladimir Putin, Patty Murray, Maine Sen, Susan Collins, ” Murray, Mitch McConnell, Oksana Markarova, ” Markarova, embolden Putin, Sen, John Thune of, Thune, Republican Sen, Joni Ernst, Iowa, Ohio Sen, J.D, Vance, Putin, Johnson, Schumer, “ we're, Richard Neal, Ron Wyden, ” Wyden, Karine Jean, Pierre, ” “, —, Seung Min Kim, Fatima Hussein, Tara Copp Organizations: WASHINGTON, —, Senate, Republican, Internal Revenue Service, Republicans, Hamas, Senate Republicans, House Republicans, Fox News, Democrat, New York Rep, White, Associated Press Locations: United States, Israel, Ukraine, America, Russia, Taiwan, China, U.S, Mexico, Ukrainian, Kentucky, Washington, John Thune of South Dakota, Ohio

☆ These are the House Republicans running for speaker
▼ + stars: | 2023-10-22 | by ( Jack Forrest | ) edition.cnn.com time to read: +8 min

CNN —The high-stakes race for House speaker enters a new phase this week, with a slate of new candidates vying for the gavel following Rep. Jim Jordan’s exit from the race. The former National Republican Congressional Committee chairman was first elected to Congress in 2014 and became majority whip earlier this year. Bergman is a member of the House Armed Services Committee where he chairs the Intelligence and Special Operations Subcommittee. Scott, who represents Georgia’s 8th Congressional District, serves on the House Permanent Select Committee on Intelligence, the House Armed Services Committee and the House Agriculture Committee. Johnson sits on the House Judiciary Committee, Select Committee on the Weaponization of the Federal Government and on the House Armed Services Committee.

Persons: Jim Jordan’s, Kevin McCarthy, Tom Emmer Emmer, ” McCarthy, “ He’s, Tom, ”, ” Emmer, Donald Trump, Emmer, Kevin Hern The, Hern, McCarthy, Jack Bergman Bergman, –, Bergman, Austin Scott The, Austin Scott The Georgia Republican –, Scott, Byron Donalds The, ” Donalds, Francis Rooney, Donalds, Mike Johnson The, ” Johnson, Johnson, Pete Sessions, Colin Allred, Sessions, Trump, Rudy Giuliani, Ukraine –, Dan Meuser, Elise Stefanik, Meuser, Tom Corbett, Gary Palmer Palmer, Palmer, Steve Scalise Organizations: CNN, Republicans, GOP, Minnesota Republican, Press, Caucus, National Republican, Minnesota, Financial Services, Rep, Kevin Hern The Oklahoma Republican, Republican, Committee, McDonalds, Small Business, US Marines, Michigan’s, House Armed, Austin Scott The Georgia Republican, Jordan, California Republican, University of Georgia, Congressional, Intelligence, House Armed Services Committee, Agriculture, Byron Donalds The Florida Republican, Freedom Caucus, GOP Rep, Florida’s, Florida State University, Mike Johnson The Louisiana Republican, House Republican, House GOP, Federal Government, Pete Sessions Sessions, Texas, ”, Sessions, Trump, Pennsylvania Republican, Gov, Alabama’s, Energy, Commerce Locations: Michigan, Austin Scott The Georgia, Ohio, California, Georgia, Florida, Mike Johnson The Louisiana, House, Dallas, Waco , Texas, Ukraine, Pennsylvania, Alabama

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ GOP lawmaker attacks tax-exempt status of US colleges failing to condemn Hamas' 'barbaric' attacks
▼ + stars: | 2023-10-19 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A GOP lawmaker said he was "disgusted" by US college responses to Hamas' attacks on Israel. AdvertisementAdvertisementA top Republican lawmaker overseeing US federal taxes has attacked the tax-exempt status of universities failing to condemn Hamas' "barbaric acts of terrorism committed against the Jewish people," according to a statement. Smith added that after Hamas' "horrific attack" on Israel on October 7, some universities, which had previously condemned speech they disapproved of, had failed to condemn Hamas attacks and student statements of support for Hamas. In the 12 days since the Palestinian militant group Hamas' terror attacks on Israel, elite US universities have been criticized for their response, or lack of response, to Hamas' attacks and student statements holding Israel responsible for Hamas' offensive. More than thirty Harvard student organizations issued a joint statement on October 10, in which they held Israel "entirely" responsible for Hamas' attacks.

Persons: Jason Smith, Smith, —, Israel Organizations: GOP, Service, Republican, Hamas, University, University of Virginia, Northwestern University Students for Justice, Israel Defense Forces, Palestinian Health Ministry Locations: Israel, United States, Palestinian, Harvard, Palestine, Gaza

The Justice Department charged Charles Edward Littlejohn, 38, of Washington, D.C., with stealing tax return information and giving it to two news outlets between 2018 and 2020. U.S. District Judge Ana Reyes said she was deeply troubled by his actions that affected Trump and thousands of other people. Littlejohn pleaded guilty to one count of unauthorized disclosure of tax returns and return information. The 2020 New York Times report found Trump paid $750 in federal income tax the year he entered the White House and no income tax at all some years thanks to colossal losses. The stories sparked calls for reform on taxes for the wealthy — and calls for investigations into the leaking of tax information, which has specific legal protections.

Persons: —, Donald Trump, Charles Edward Littlejohn, Ana Reyes, ”, “, Littlejohn, Trump, Alina Habba, Jan, General Merrick Garland, Littlejohn “, Lisa Manning, ProPublica Organizations: WASHINGTON, Internal Revenue Service, The Justice Department, Washington , D.C, U.S, District, Trump, The New York Times, New York Times, White, IRS Locations: Washington ,

☆ House Republicans push IRS for answers on processing pause for small business tax credit
▼ + stars: | 2023-10-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing on Sept. 28, 2023. Jonathan Ernst | ReutersHouse Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break. Lawmakers voiced "continued concerns" about the employee retention credit, or ERC, which was enacted to support small businesses during the Covid-19 pandemic. The backlog of unprocessed ERC claimsAs of Sept. 27, the total inventory of unprocessed Forms 941-X, used to amend an employer's quarterly federal tax returns, was roughly 779,000, according to the IRS. However, the ERC claim backlog may be significantly higher due to professional employer organizations, or PEOs, which provide payroll benefits and other HR services.

Persons: Jason Smith, Jonathan Ernst, David Schweikert, Pat Cleary Organizations: Reuters, Republicans, ERC, IRS, National Association of Professional Locations: Worth

CNN —Following Kevin McCarthy’s historic ouster as House speaker, names have started to emerge as possible successors to take over the gavel. Jordan replied “yes,” when asked if he is running for speaker and said he had just talked to House Majority Leader Steve Scalise, the No. Anna Moneymaker/Getty Images/FILELouisiana Rep. Steve Scalise, who serves as House majority leader, announced on Wednesday his intention to succeed McCarthy. As he exited a GOP meeting, he told reporters, “Steve Scalise has been a friend for a long time. Kevin HernRep. Kevin Hern leaves a meeting of the House Republican Conference at the Capitol Hill Club on Wednesday, July 26, 2023.

Persons: Kevin McCarthy’s, McCarthy, Tuesday’s, Jim Jordan Rep, Jim Jordan, Anna Moneymaker, Jim Jordan of Ohio, Jordan, “, Steve Scalise, Fani Willis, Attorney Alvin Bragg, Trump, Hunter Biden, ” Scalise, Scalise, ”, David Duke, Tom Emmer, Tom Williams, Emmer, “ Steve Scalise, Kevin Hern, ”, I’ve, ” Hern, Hern Organizations: CNN, GOP, Republican, Committee, Manhattan, Attorney, Justice Department, Freedom Caucus, Building, Congress, Ku Klux, House Republican Conference, Capitol, Minnesota Republican, Louisiana Rep, Minnesota, Financial Services, Capitol Hill Club, Oklahoma Republican, Caucus, McDonalds, Small Business Locations: Washington , DC, Benghazi, Trump, Fulton County, Louisiana, Alexandria , Virginia, New Orleans ’, Minnesota, Texas

"We're disappointed, of course," Anthony Caso, a lawyer for Eastman, said of the court's decision not to hear the appeal. In decisions in 2022, U.S. District Court Judge David Carter in Santa Ana ordered certain emails to be turned over, including those related to court efforts by Trump and Eastman to delay congressional certification of Biden's victory. Carter ruled that Trump and Eastman had "more likely than not" committed a crime in trying to obstruct Congress. Eastman has sought to erase the judge's determination that the "crime-fraud" exception applied to some of the emails. Trump is the frontrunner for the Republican nomination to face Biden in the 2024 election.

Persons: John Eastman, Yuri Gripas, Donald Trump's, Clarence Thomas, Thomas, Eastman, Virginia, Ginni, We're, Anthony Caso, Trump's, Joe Biden's, David Carter, Trump, Carter, Mike Pence, Pence, Biden, Andrew Chung, Will Dunham Organizations: National Organization, IRS, REUTERS, Rights, U.S, Supreme, Conservative, Washington Post, Democratic, Capitol, Trump . Eastman, Chapman University, Trump, Eastman, San, Circuit, Republican, Thomson Locations: Washington, California, U.S, Santa Ana, San Francisco, Georgia's Fulton County

That bill would have cut spending and imposed immigration and border security restrictions, Republican priorities that had little chance of passing the Democratic-majority Senate. "It's not the end yet; I've got other ideas," Republican House Speaker Kevin McCarthy told reporters following the defeat of a bill he had backed. Social Security payments themselves would continue. Lawmakers are not considering cuts to popular benefit programs such as Social Security and Medicare. Several hardliners have threatened to oust McCarthy from his leadership role if he passes a spending bill that requires any Democratic votes to pass, an outcome almost guaranteed given that any successful House bill must also pass the Senate, controlled by Democrats 51-49.

Persons: Kevin McCarthy, Jonathan Ernst, It's, I've, Joe Biden, Janet Yellen, creditworthiness, Biden, Mark Milley's, McCarthy, Hakeem Jeffries, Donald Trump, Biden's, Dan Crenshaw, Richard Neal, Moira Warburton, David Morgan, Scott Malone, Alistair Bell, Jonathan Oatis Organizations: Capitol, REUTERS, Rights, Republicans, U.S . House, Democratic, Republican, National Park Service, Securities and Exchange, Treasury, Social, Social Security, Democrats, Reuters, Thomson Locations: Washington , U.S, U.S, Mexico

☆ Hardline Republican holdouts push U.S. government closer to shutdown
▼ + stars: | 2023-09-29 | by ( Moira Warburton | ) www.reuters.com time to read: +4 min

Republican hardliners have said they will not take up a Senate bill to fund the government through Nov. 17, which has advanced with broad bipartisan support, including that of top Senate Republican Mitch McConnell. Lawmakers are not considering cuts to popular benefit programs such as Social Security and Medicare. Former President Donald Trump, Biden's likely election opponent in 2024, has taken to social media to push his congressional allies toward a shutdown. A shutdown will also delay vital economic data releases, which could trigger financial market volatility, and delay the date that retirees learn how much their Social Security payments will rise next year. Social Security payments themselves would continue.

Persons: Kevin McCarthy, Craig Hudson, Joe Biden, Republican Mitch McConnell, Moody's, creditworthiness, McCarthy, Biden, Donald Trump, Biden's, Dan Crenshaw, Mike Garcia, Richard Neal, I've, Marc Molinaro, Moira Warburton, Scott Malone 私 Organizations: Capitol, REUTERS, Rights, U.S, Republicans, National Park Service, Securities and Exchange, Democratic, Republican, Social Security, Democrats, Reuters, Senate, Moderate, Social Locations: Washington , U.S, U.S, Mexico

Chairman of the House Oversight Committee James Comer said that House Republicans have amassed “a mountain of evidence” showing that Biden “abused his public office for his family’s financial gain.”Yet, as has been the case since they began lobbing the sensational accusations, they offered nothing to support them. Turley added that, in his view, House Republicans passed the threshold for an impeachment inquiry into Biden’s conduct but that the evidence made public thus far lacks teeth and would, in his view, favor Biden. Thus far, no evidence has surfaced suggesting the president has accepted bribes or abused his positions in office. In at least one such cash transfer, Hunter Biden used the president’s home address in the wire form, which Republicans said on Thursday provides a critical link to the president. McCarthy gave his blessing to the impeachment inquiry earlier this month after pressure mounted from former President Donald Trump and his allies in the House.

Persons: Joe Biden, –, James Comer, Biden “, Hunter, ”, Jonathan Turley, Turley, Biden, ” Turley, “, “ Biden, Jamie Raskin, Kevin McCarthy, ” Raskin, Hunter Biden, Michael Gerhardt, Bill Clinton, McCarthy, Donald Trump, Trump Organizations: Republicans, GOP, George Washington University, Republican, Democrats, Democratic, University of North, Senate Locations: United, America, China, University of North Carolina

☆ Rep. David Schweikert: The number one driver of the deficit is demographics
▼ + stars: | 2023-09-26 | 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 EmailRep. David Schweikert: The number one driver of the deficit is demographicsHouse Ways and Means Committee members Rep. Gwen Moore (D-Wis.) and Rep. David Schweikert (R-Ariz.) join 'Squawk Box' to discuss the latest negotiations on Congress, whether a government shutdown can be avoided, the challenges facing House Speaker Kevin McCarthy, and more.

Persons: David Schweikert, Gwen Moore, Kevin McCarthy

☆ Rep. Jason Smith on government shutdown: Don't count House Speaker Kevin McCarthy out
▼ + stars: | 2023-09-25 | 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 EmailRep. Jason Smith on government shutdown: Don't count House Speaker Kevin McCarthy outHouse Ways and Means Committee Chairman Rep. Jason Smith (R-Mo.) joins 'Squawk Box' to discuss the latest negotiations on Congress, whether a government shutdown can be averted, the challenges facing House Speaker Kevin McCarthy within his own party, and more.

Persons: Jason Smith, Kevin McCarthy

☆ Social Security benefits may be cut by at least 20% in the next decade. Here's how Congress may fix that
▼ + stars: | 2023-09-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Republican Sen. Bill Cassidy of Louisiana speaks to the press on Capitol Hill on Feb. 10, 2021. Meanwhile, Larson has put forward a bill, Social Security 2100, in four sessions of Congress to make benefits more generous. Cassidy wants to create a new Social Security fund by raising $1.5 trillion that would be invested in the stock market. Any changes to Social Security would require 60 votes in the Senate, and therefore would have to have agreement on from both parties. Rep. John Larson, D-Conn., speaks during an event to introduce legislation called the Social Security 2100 Act.

Persons: Republican Sen, Bill Cassidy of, John Larson, Connecticut —, Biden, Cassidy, Bill Cassidy, Nicholas Kamm, Florida Republican Sen, Rick Scott, Larson, Conn, Mark Wilson Organizations: Istock, Getty, Social Security, Republican, Democratic Rep, Capitol, AFP, Florida Republican, Social, House Democrats, Security, Senate Locations: Bill Cassidy of Louisiana, Louisiana, Florida, Jan

☆ Republican lawmaker seeks details of Tesla relationship with Chinese battery company CATL
▼ + stars: | 2023-09-19 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A senior Republican in Congress asked Tesla (TSLA.O) Tuesday to detail its relationship with Chinese battery manufacturer CATL (300750.SZ) amid concerns electric vehicle subsidies are flowing to foreign entities raising security concerns. Smith said the committee is concerned CATL "may be trying to negotiate other agreements like the agreement with Ford." The question is how what precisely constitutes a "foreign entity of concern", and so far no foreign battery supplier has been labeled as such. In July, Smith and Mike Gallagher, Republican chair of the Select Committee on China, demanded Ford answer questions about the CATL deal. Ford told Reuters Tuesday it agrees that "U.S. taxpayer dollars should support American manufacturers, not foreign entities of concern."

Persons: Florence, Tesla, Jason Smith, Elon Musk, Smith, Ford, Musk, Mike Gallagher, Janet Yellen, David Shepardson, Stephen Coates Organizations: Fair for Trade, Services, REUTERS, Rights, Republican, Ford, Republicans, Nissan, Reuters, American, U.S . Treasury, Treasury, Thomson Locations: Beijing, China, Michigan, CATL, United States

☆ House Oversight Committee to hold first Biden impeachment inquiry hearing next week
▼ + stars: | 2023-09-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Rep. James Comer of Kentucky, the Oversight Committee chair, said Tuesday that he plans to subpoena the personal bank records of Hunter Biden , the president's son, and his brother James Biden. The House Oversight Committee will hold the first hearing on the impeachment inquiry into President Joe Biden on Sept. 28, a committee spokesperson said Tuesday. A spokesperson for the oversight committee said the subpoenas could come as early as this week. House Speaker Kevin McCarthy, R-California, last week directed three GOP-led committees to launch an impeachment inquiry into Biden. The impeachment inquiry is being led by Comer on the Oversight Committee, Judiciary Committee Chair Jim Jordan of Ohio, and Ways and Means Committee Chair Jason Smith of Missouri.

Persons: Joe Biden, James Comer of, Hunter Biden, James Biden, James Comer, Kevin McCarthy, Biden, McCarthy, Comer, Jim Jordan of, Jason Smith of, Jordan, Smith, Hunter, James, Ian Sams, Jamie Raskin Organizations: Prince George's Community College, UNITED STATES, GOP, Jason Smith of Missouri, White, Republicans, Maryland Locations: Largo , Maryland, James Comer of Kentucky, Ky, Rayburn, California, Jim Jordan of Ohio

☆ Republican lawmaker seeks details of Tesla relationship with Chinese battery maker CATL
▼ + stars: | 2023-09-19 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Smith said the committee is concerned CATL "may be trying to negotiate other agreements like the agreement with Ford." Republicans in Congress have been probing Ford Motor's (F.N) planned $3.5 billion investment to build a battery plant in Michigan using technology from CATL, the world's largest battery maker. The question is what precisely constitutes a "foreign entity of concern", and so far no foreign battery supplier has been labeled as such. Tesla, CATL and Nissan did not immediately respond to requests for comment. In July, Smith and Mike Gallagher, Republican chair of the Select Committee on China, demanded Ford answer questions about the CATL deal.

Persons: Florence, Tesla, Jason Smith, Elon Musk, Smith, Ford, Musk, Mike Gallagher, Janet Yellen, David Shepardson, Stephen Coates, Himani Organizations: Fair for Trade, Services, REUTERS, Rights, Republican, Ford, Reuters, Republicans, Nissan, American, U.S . Treasury, Treasury, Thomson Locations: Beijing, China, Michigan, CATL, United States, America

Biden previously had mocked Republicans over a possible impeachment and the White House said they have no basis to do so. [1/4]U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. Senate Democratic Leader Chuck Schumer called the impeachment inquiry "absurd." Richard Nixon resigned in 1974 as he faced an impeachment vote. Public opinion polling has shown many Americans believe Hunter Biden has received special treatment.

Persons: Kevin McCarthy, Joe Biden, Donald Trump, Trump, Biden, Hunter, McCarthy, Ian Sams, Trump's, Hunter Biden, Elizabeth Frantz, Mitt Romney, coddled Hunter Biden, Romney, Kevin McCarthy’s, Pramila Jayapal, Ken Buck, Chuck Schumer, Bill Clinton, Andrew Johnson, Richard Nixon, Lisa Murkowski, Moira Warburton, Jason Lange, David Morgan, Andy Sullivan, Will Dunham, Scott Malone, Daniel Wallis Organizations: Republican U.S, Democratic, House, Republicans, White, U.S, Biden, OF HUNTER Republicans, ., Capitol, REUTERS, GOP, Senate, Trump, Reuters, Thomson Locations: Ukraine, McCarthy's, America, Washington , U.S

☆ McCarthy directs GOP-led House committees to open Biden impeachment inquiry
▼ + stars: | 2023-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Republican House Speaker Kevin McCarthy on Tuesday announced that he has instructed three GOP-led committees to launch an impeachment inquiry into President Joe Biden. McCarthy apparently abandoned his previous vow that an impeachment inquiry would occur through a vote in the House. Senate Republicans are skeptical that the House has uncovered enough evidence to justify an impeachment inquiry. The Republican-led House Oversight committee launched an investigation in January into allegations that Biden profited from his son Hunter's business dealings while he was vice president. Rep. Jamie Raskin, the ranking Democrat on the oversight committee, called the GOP investigation "a complete and total bust" in a statement Monday.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, James Comer, Jim Jordan of, Jason Smith, Ian Sams, Jamie Raskin, Raskin Organizations: GOP, GOP Rep, White, Republicans, Republican Locations: Ky, Jim Jordan of Ohio, Mo

CNN —Special counsel David Weiss intends to seek an indictment against President Joe Biden’s son, Hunter Biden, relating to gun charges by the end of the month, the Justice Department said Wednesday. However, after his plea deal to resolve two tax charges fell apart in court, the future of the gun deal has been in limbo. Hunter Biden’s gun-related legal troubles relate to a firearm he purchased in October 2018. In addition to the gun case, Weiss is still weighing whether to charge Hunter Biden with tax crimes. Hunter Biden’s tax-related legal jeopardy emerged after he repeatedly missed IRS deadlines to pay his taxes on time.

Persons: David Weiss, Joe Biden’s, Hunter Biden, Hunter Biden’s, Abbe Lowell, Biden, ”, Weiss, Hunter, General Merrick Garland, –, “ Organizations: CNN, Justice Department, Prosecutors, Mr, Delaware, Republicans, New York Times, Politico Locations: California, Washington, DC

☆ Lawmakers weigh tax rule 'backslide' for Venmo, PayPal users, says analyst. What it means for you
▼ + stars: | 2023-08-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

There's bipartisan support for the changeThe lower Form 1099-K thresholds were originally slated for 2022. watch nowThe Republican-led House Ways and Means Committee in June approved legislation to revert the reporting thresholds back to 2022 levels. Form 1099-K has 'always been problematic'Meanwhile, there are lingering worries among tax professionals about the 1099-K change. For businesses selling goods, she said Form 1099-K may not accurately reflect returns or adjustments. How to prepare for the 1099-K reporting change

Persons: Sherrod Brown, Bill Cassidy, Rosenthal, AICPA, Phyllis Jo Kubey, Kubey Organizations: PayPal, IRS, Republican, Sens, American Institute of CPAs, New York State Society of Locations: Ohio, New York

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

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