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Rep. Marjorie Taylor Greene said she will not fund the government without an impeachment inquiry on Biden. The White House released a statement criticizing her for risking a government shutdown. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "I've already decided I will not vote to fund the government unless we have passed an impeachment inquiry on Joe Biden," Greene said during her town hall. Marjorie Taylor Greene🇺🇸 (@RepMTG) August 31, 2023The White House was not thrilled to hear those remarks from Greene.
Persons: Marjorie Taylor Greene, Biden, Joe Biden, I've, Greene, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, GOP, Ukraine, COVID, Lawmakers, Locations: Wall, Silicon, Georgia
“The appointment of Mr. Weiss reinforces for the American people the department’s commitment to both independence and accountability in particularly sensitive matters,” Mr. Garland said. Mr. Clark and the Justice Department prosecutors overseeing the case had distinctly different understandings of the immunity Hunter Biden would receive from the deal. House Republicans quickly signaled the special counsel appointment would not alleviate their criticism of the investigation into Hunter Biden. agents was that Mr. Weiss had sought to bring charges against Hunter Biden in Washington and California but was rebuffed after prosecutors in those jurisdictions declined to partner with him. House Republicans have also issued subpoenas to six banks, detailing millions that were paid to Hunter Biden and his business partners from overseas companies.
Persons: General Merrick B, Garland, Biden’s, Hunter, Justice Department’s, David C, Weiss, Hunter Biden, Biden, , Garland scoffed, Weiss —, , Mr, Jack Smith, Donald J, Trump, Robert K, Hur, Trump’s, Hunter Biden’s, Christopher Clark, ” Mr, Clark, , Russell Dye, Jim Jordan, “ Weiss, Kevin McCarthy, Biden’s D.O.J, couldn’t, Devon Archer, Archer, Chris Cameron Organizations: Justice, Internal Revenue Service, Mr, Republican, Republicans, Justice Department, House Republicans, Biden, Congress, Department, Trump Locations: Washington, U.S, Delaware, Delaware , Washington, Wilmington, Del, Ohio, Washington and California
Special counsel Jack Smith's second indictment against Trump alleges he unlawfully tried to overturn his election loss to President Joe Biden in the 2020 election. One day earlier, a former business partner of Hunter Biden testified that the younger Biden put his father on the phone during business meetings about 20 times, according to U.S. House members. Numerous GOP lawmakers and other supporters of Trump were quick to link the timing of Archer's testimony to Smith's indictment. White House spokesman Ian Sams posted that Archer "appears to have actually testified that President Biden wasn't involved and didn't discuss their business dealings. As they did following his first federal indictment in June, Trump's defenders attacked Smith and questioned his credibility.
Persons: Kevin McCarthy, Giorgia Meloni, Donald Trump's, Biden, Jack Smith's, Trump, Joe Biden, Hunter Biden, Devon Archer, Dan Goldman, niceties, Hunter, Goldman, " McCarthy, Steve Scalise, Elise Stefanik, Joe Biden's, White, Ian Sams, Archer, Biden wasn't, didn't, Republicans –, , Hunter Biden's, Trump's, Smith, Jack Smith, Marjorie Taylor Greene, Byron Donalds, General Merrick Garland, Donald Trump Organizations: Republican, Italian, House, GOP, Department, Justice Department, New York, Republicans, Department of Injustice, Trump, Washington , D.C, DOJ Locations: California, Washington ,, United States, U.S, America, New, Washington, Manhattan
Most importantly for Trump and the House Republicans doing his bidding, it could distract from the legal storm around the former president. After only one presidential impeachment in the first two centuries of US history, Biden’s would be the fourth impeachment in around 25 years if House Republicans follow through. The document contained no proof of the allegations or any evidence Biden took part in his son’s work for the firm. McCarthy had for months deflected calls for the impeachment of Biden from the most radical members of his conference. McCarthy insisted on Tuesday that he was only contemplating an impeachment inquiry – rather than a full-scale drive to an impeachment vote – in the House.
Persons: Donald Trump’s, Joe Biden, Kevin McCarthy, , Biden, Trump, McCarthy, Hunter Biden, GOP Sen, Chuck Grassley, , Christopher Wray, General Merrick Garland, Alejandro Mayorkas, David Weiss, Weiss, we’ve, Don Bacon, it’s, James Comer, South Dakota Sen, John Thune, , Utah Sen, Mitt Romney, ” Texas Sen, John Cornyn, ” Cornyn, CNN’s Manu Raju, South Carolina Sen, Lindsey Graham, Trump’s, Biden’s, Volodymyr Zelensky, – Biden Organizations: CNN, The, Republican, Fox News, California Republican, GOP, Republicans, Trump, House Republicans, Justice Department, National Defense, Democratic, Homeland, Biden, of Justice, Hunter, White, , Kentucky Republican, House, South, ” Republicans, Ukrainian, Capitol Locations: Washington, California, Iowa, Ukrainian, Ukraine, ” Nebraska, South Dakota, Utah, ” Texas, South Carolina
"July is going to have a lot of late-night votes and a lot of really big issues being tackled," House Majority Leader Steve Scalise, the chamber's No. House Republicans are aiming to craft a series of 12 detailed spending bills covering every aspect of government funding, an intricate feat Congress has not pulled off on time since fiscal 1997. House Republicans last month voted on a lower target of $1.47 trillion, which would cut spending for the environment, public assistance and foreign aid. "House Republicans really are committed to shrinking spending. House Republicans are also trying to use the legislation to rescind key Biden priorities in areas such as climate change and tax collection.
Persons: Kevin McCarthy, Joe Biden, Steve Scalise, Patty Murray, Susan Collins, Biden, McCarthy, Dusty Johnson, Rosa DeLauro, David Joyce, Joyce, David Morgan, Richard Cowan, Scott Malone, Jonathan Oatis Organizations: Republican, House, Democratic, Senate, Republicans, House Republicans, White House, Main Street Caucus, Reuters, Committee, Caucus, Republican Governance Group, Thomson Locations: United States
Taiwan is a self-ruling democracy, but China views Taiwan as a province of the Chinese mainland. The visit comes at a sensitive time for America's relationship with China, its largest trading partner and strategic competitor in political, economic and security arenas. WASHINGTON — A bipartisan congressional delegation led by House Armed Services Committee Chairman Mike Rogers landed in Taiwan on Tuesday for a three day visit, according to the American Institute in Taiwan. Treasury Secretary Janet Yellen reportedly plans to visit China in July, Bloomberg News reported this week. But while visits by senior Biden administration officials to China may help normalize the U.S.-China relationship, visits like Rogers' delegation to Taiwan tend to have the opposite effect.
Persons: Mike Rogers, Tsai Ing, Adam Smith, WASHINGTON —, Rogers, Biden, Antony Blinken, Blinken, Janet Yellen Organizations: Republicans, U.S, Capitol, Taiwanese Ministry of Foreign Affairs, The Alabama Republican, House Armed Services, American Institute, Congressional, United, Bloomberg News, Treasury, Biden, ., National Security Council Locations: Afghanistan, Taiwan, Washington, Pacific, China, Beijing, WASHINGTON, Taipei, United States
Hardline Republicans blocked Speaker McCarthy's attempt to bring bills to the floor. The move is seen as payback for McCarthy's deal with Biden last week to raise the debt ceiling. The stalemate resulted in the House adjourning until next Monday and scrapping the remainder of the week's votes. House Minority Leader Hakeem Jeffries called the dissenting Republicans "team chaos, team dysfunction, and team extreme" in a press conference Thursday morning . In order to win his position as Speaker of the House, McCarthy was forced to strike a deal with Freedom Caucus members in January after 14 failed votes.
Persons: , Kevin McCarthy, McCarthy, Biden, Steve Womack, aren't, I'm, Andrew Garbarino, Axios, what's, Hakeem Jeffries, Jeffries, There's Organizations: Biden, Service, Washington Post, Republicans, Freedom Caucus, Fox News, Democrats, House GOP, GOP, House Republicans, Milwaukee Journal Sentinel Locations: Arkansas, House
Those hardliners were among the House Republicans who opposed McCarthy's election as speaker in January until he agreed to concessions that make it easy to challenge his leadership. They were also among the 71 Republicans who opposed the compromise debt ceiling legislation passed last week. McCarthy oversees a narrow House Republican majority of 222-213, meaning that he can lose only four votes from his own party on any measure that faces uniform opposition from Democrats. McCarthy endured 15 floor votes in January until he finally won the vote for speaker, agreeing to a set of demands that the hardliners now say he violated to pass the debt ceiling bill. Is it going to be through consensus, or is it going to be by fiat?” said Republican Representative Chip Roy.
Persons: Kevin McCarthy, McCarthy, Dan Bishop, It's, Patrick McHenry, , Chip Roy, David Morgan, Andy Sullivan, Leslie Adler Organizations: ., Republican, Democrats, House Republicans, Thomson
Far-right House members are not pleased with House Speaker Kevin McCarthy's debt ceiling compromise. Eleven conservative GOP members nuked McCarthy's bans on banning gas stoves, sending his plans up in flames. The Gas Stove Protection and Freedom Act would have barred the Consumer Product Safety Commission from using federal funds to regulate gas stoves or issue safety guidance that would ban them or make them more expensive. To peel back the layers here: The folks who have championed gas stoves versus induction stoves in the culture wars voted against H.Res. 463 — a procedural vote to establish rules on a floor vote for two gas stove-related bills — to punish McCarthy.
Persons: Kevin, , Kevin McCarthy, nuked, McCarthy, Matt Gaetz, Chip Roy, Matt Rosendale, Rob Bishop, Ken Buck, Lauren Boebert, Eli Crane, Andy Biggs, Tim Burchett, Ralph Norman, Bob Good, Steve Scalise, Caucus —, Gaetz, Farnoush Amiri Organizations: Service, Caucus, Gas, Protection, Product Safety, US Department of Energy, Biden White, H.Res, NBC, North Carolina Rep, Colorado, Colorado Rep, Arizona, Tennessee, South Carolina Rep, House Republicans, Gaetz Locations: Florida, Texas, Montana, Arizona, Virginia
WASHINGTON — Urgent talks to raise the U.S. debt ceiling appeared to move closer to a deal Thursday, with only seven days to go before the United States faces an imminent threat of debt default. But negotiators warned that the final phase of talks would likely be the most delicate and difficult for both sides. "We're at a sensitive phase, with sensitive issues that remain. "They've got work in the White House, we have work here in the Capitol. Read more: What Republicans want in exchange for raising the debt limitAt the White House, President Joe Biden sounded a cautiously optimistic note.
Persons: Garret Graves, Patrick McHenry, we've, McHenry, They've, Read, Joe Biden Organizations: Republicans, Capitol Hill Club, WASHINGTON, Republican, White House, White Locations: R, Washington, United States, North Carolina
Andrew Caballero-Reynolds | AFP | Getty ImagesWASHINGTON — A significant group of House Republicans raised questions Tuesday about whether the Treasury Department's June 1 deadline to avoid a potential U.S. debt default was accurate. "We'd like to see more transparency on how they come to that date," House Majority Leader Rep. Steve Scalise said Tuesday at a news conference. "We're getting closer," McCarthy told reporters late Monday, adding that the "circle" of issues was becoming "smaller, smaller, smaller." A Republican negotiator, Rep. Patrick McHenry, N.C., told reporters that spending was still the biggest hurdle to an agreement. Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., speak to reporters about debt ceiling negotiations as they leave the House Republicans' caucus meeting at the Capitol Hill Club in Washington, May 23, 2023.
Persons: Kevin McCarthy, Joe Biden, Andrew Caballero, Reynolds, Steve Scalise, Scalise, Janet Yellen's, Nathan Howard, Biden, We're, McCarthy, Karine Jean, Pierre, Jean, Pierre said, Katherine Clark, Elise Stefanik, Patrick McHenry, Garret Graves, Bill Clark Organizations: White, AFP, Getty Images WASHINGTON, House Republicans, Treasury, Republican, Bloomberg, Getty, CNBC, US, Democratic, Courage for America, Capitol, Getty Images House Republicans, Rep, Republicans, Capitol Hill Club, CQ, Inc Locations: Washington ,, United States, California, Washington , DC, U.S, N.C, R, Washington
After insisting for months that he would never do so, the president appears ready to discuss a potential ransom. Republicans believe that Democrats have not afforded Mr. McCarthy the same standing and respect as his predecessors John A. Boehner and Paul D. Ryan, who had stronger policy chops. At a news conference last week, Mr. McCarthy refused to say he was offended or angered by the president’s regard for him. “If you believe the debt ceiling is as important as I think it is, why would you go silent for 97 days?” Mr. McCarthy asked. Democrats believed that failure by the House Republicans would then set up a scenario where members of both parties would race to increase the debt ceiling without accompanying spending cuts to avert a catastrophic default.
President Biden and his allies said the White House and congressional teams had productive talks in recent days. The government reached the $31.4 trillion debt limit on Jan. 19, and the Treasury Department has been using accounting maneuvers to keep paying its bills. The president is scheduled to depart for Japan on Wednesday to attend the Group of 7 meeting, heightening the sense of urgency to make progress on the debt limit. While Mr. McCarthy played down progress, Mr. Biden and his allies said the White House and congressional teams had productive talks in recent days. “SNAP already has work requirements,” said Senator John Fetterman, Democrat of Pennsylvania, referring to the Supplemental Nutrition Assistance Program.
So they might also consider another potential scenario: Ever since President Richard Nixon de-linked the dollar from gold, doomsayers have predicted the imminent demise of the dollar as the world reserve currency. Having the world reserve currency has allowed the United States to run very large budget, merchandise trade and current account deficits for decades. Nations with dollar surpluses can’t sit on them; they recycle them as investments in the United States. That is why New York has the most liquid financial markets in the world. These strong markets in turn encourage many foreign central banks to hold their assets in New York as well.
The United States could run out of money to pay its bills as soon as June 1 if Congress does not raise its self-imposed $31.4 trillion debt ceiling, according to Treasury Secretary Janet Yellen. Democrats say they might try to pass a "clean" debt ceiling hike, but that would be unlikely to win enough Republican votes for passage. The centerpiece of the House Republican plan would scale back a wide swath of annual government spending to last year's levels, a cut of about 8%, and cap its growth by 1% each year after that. The Republican plan does not specify how individual programs would fare. Democrats have argued that domestic spending would take the biggest hit, as Republicans would try to protect military and veterans programs.
WASHINGTON — House Democrats who this week began a long-shot bid attempting to force a debt limit increase bill to the floor are pinning their hopes not just on a convoluted legislative gambit, but also on another highly improbable feat: getting a small group of Republicans to cross party lines and join them. It is based on the belief that some Republican lawmakers — especially among the 18 who represent districts that President Biden won in 2020 — could be persuaded to vote with Democrats to pass an 11th-hour debt limit increase that would pull the nation from the brink of financial ruin. “There are 18 House Republicans who like to call themselves ‘moderates,’” said Representative Brendan F. Boyle of Pennsylvania, the top Democrat on the Budget Committee. “Here’s a chance for them to really put their money where their mouth is. Join with House Democrats to ensure we don’t suffer the first-ever default in American history.”
MEMPHIS, Tennessee, April 12 (Reuters) - Local government officials in Memphis, Tennessee, voted on Wednesday to return the second of two Democratic state lawmakers who were expelled last week for protesting gun violence on the chamber floor. Seven of the board's 13 councilors were present for the meeting, and all seven voted in favor of Pearson's return. He is expected to return to the State Capitol in Nashville on Thursday to be sworn back in. Democrats in the U.S. Senate have asked the U.S. Department of Justice to investigate whether the expelled lawmakers' constitutional rights were violated. Before marching with supporters to the commissioners' meeting, Pearson, joined by Jones and Johnson, addressed a crowd of about 500 outside the National Civil Rights Museum in Memphis.
Most House Democrats voted to uphold DC's criminal code revisions to support the District's right to self governance. That's why he was among 173 Democrats who opposed a GOP-led House measure last month to overturn the District's controversial crime law revisions. "The District of Columbia residents and their local leaders should have the ability to make those decisions," Horsford, of Nevada, told Insider. Rep. Jahana Hayes of Connecticut also told Insider the problem for her was, "Congress intervening and overturning a local vote." House Democrats are furious that Biden left them hanging, especially after his administration put out a statement opposing the GOP measure.
Mark Zandi, chief economist at Moody's, said an impending default would "be a catastrophic blow to the already fragile economy." "Given the dramatic reduction in government spending in this scenario and the already fragile economy, the economy suffers a recession in 2024. "Bond investors, unsure of how this legal uncertainty would be resolved would demand a much higher interest rate in compensation. In his opening remarks, Holtz-Eakin also said that skirting default would have "serious and adverse economic effects." "House Republicans don't seem concerned about the upcoming debt limit deadline," Warren said in her opening remarks.
128 House Republicans filed an amicus brief to the Supreme Court opposing student-debt relief. New data found that nearly 12 million borrowers in their districts would benefit from the relief. On Friday, the department unveiled data showing the breakdown of student-loan borrowers who applied, and were deemed eligible, for President Joe Biden's up to $20,000 in debt relief by congressional district. Over the past few weeks, 128 House Republican lawmakers filed an amicus curiae brief to the Supreme Court ahead of oral arguments on February 28 urging it to strike down Biden's debt relief. As the Education Department has previously said, over 40 million borrowers in total would qualify for Biden's debt relief, and of the 26 million borrowers who applied for the relief before the online application closed in October, 16 million of them had been fully approved.
On Friday, 128 of the 222 House Republicans signed onto an amicus brief urging the Supreme Court to block student-debt relief. They both argued that Biden doesn't have the authority to cancel student debt using the HEROES Act of 2003. On Friday, 128 House Republicans signed onto an amicus curiae brief urging the nation's highest court to block Biden's plan to forgive up to $20,000 in student debt for federal borrowers. That's just over half of the GOP composition in the House, with 222 Republicans holding a slim majority in that chamber. Both of the briefs argued that the HEROES Act does not allow for broad loan forgiveness, which a series of other conservative groups reiterated in their own briefs filed to the Supreme Court this week.
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.
House Speaker Kevin McCarthy said Tuesday that while he stands by Rep. George Santos, the freshman congressman from New York would be removed from office if the Ethics Committee finds he broke the law after he admitted fabricating parts of his background. Asked whether he is standing by Santos because his resignation would cut into the House Republicans' narrow majority, McCarthy pushed back. “If for some way when we go through Ethics that he has broken the law, then we will remove him, but it’s not my role,” McCarthy said. The voters elected him to serve,” McCarthy said earlier this month. “If there is a concern, he has to go through the Ethics [Committee]; let him move through that.
Rep. Jim Banks, R-Ind., on Tuesday announced his campaign for the Senate seat held by GOP Sen. Mike Braun, who decided against running for re-election in 2024 and will run for Indiana governor instead. Banks, a staunch ally of former President Trump, is the first candidate to enter the Senate race. Mitch Daniels if he jumps into the Senate race. Banks’ Senate campaign is endorsed by Rep. Larry Buschon, R-Ind., Sen. Tom Cotton, R-Ark., state Rep. Michelle Davis and state Sen. Justin Busch. After Pelosi rejected Banks and Rep. Jim Jordan of Ohio, McCarthy ultimately withdrew all five names.
US deficit widens by $85 billion in December
  + stars: | 2023-01-12 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +2 min
Minneapolis CNN —The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for the 2022 calendar year, the Treasury Department reported Thursday. The government, which runs on a fiscal year that starts in October, is running a deficit of $421.41 billion for its fiscal first quarter of 2023, a 12% increase from the fiscal first quarter of 2022, Treasury data shows. December’s deficit was nearly four times as large as the $21.3 billion deficit recorded in December 2021 as spending grew and revenue fell last month. Receipts totaled $454.94 billion, while outlays were $539.94 billion in December 2022. The House Republicans’ rules package adopted earlier this week included measures aimed at reining in federal government spending and keeping a lid on taxes.
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