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☆ GOP congressman says he's being 'threatened' with 'bad press' after screaming and cursing at teenagers in the Capitol late at night
▼ + stars: | 2023-07-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Derrick Van Orden screamed and cursed at young Senate pages in the Rotunda on Wednesday night. He now says he's being "threatened with bad press" for doing so. Van Orden was notably among the thousands of Trump supporters who descended on DC on January 6. You are defiling the space you [pieces of shit]," Van Orden said, according to The Hill. "Luckily, bad press has never bothered me and if it's the price I pay to stand up for what's right, then so be it," he said.

Persons: Derrick Van Orden, Van Orden, Trump, —, It's, he'd, Max Cohen, Van Orden — Organizations: Service, Republican, Punchbowl News Locations: Wall, Silicon, Wisconsin, Washington, DC

☆ The FBI is furious Chuck Grassley released an internal document that makes unverified claims about Hunter and Joe Biden accepting bribes
▼ + stars: | 2023-07-20 | by ( Sonam Sheth | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

GOP Sen. Chuck Grassley published an FBI document containing an unverified allegation made by a Ukrainian CEO. The Ukrainian executive boasted he'd bribed Joe and Hunter Biden, an FBI informant claimed. FBI told Insider the release of the document "at minimum — unnecessarily risks the safety of a confidential source." When he visited the country in March 2016, Joe Biden pressed hard for Shokin to be fired for corruption. Bloomberg also reported that the Burisma investigation was largely dormant when Biden called for Shokin to be fired.

Persons: Sen, Chuck Grassley, he'd, Joe, Hunter Biden, Joe Biden, Hunter, Mykola Zlochevsky, Zlochevsky, Ron Johnson, Grassley, oligarch, Johnson, Vicki McKenna, Donald Trump, James Comer, Comer, —, Viktor Shokin, Biden, Shokin, Trump Organizations: FBI, Service, Biden, Iowa Republican, Department, Republicans, Burisma Holdings, Street Journal, Bloomberg, Trump Justice Department, U.S, Attorney Locations: Ukrainian, Wall, Silicon, PunchBowl, Ukraine

☆ Donald Trump is by far the leader in the 2024 GOP presidential race, says Punchbowl's Jake Sherman
▼ + stars: | 2023-07-19 | 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 EmailDonald Trump is by far the leader in the 2024 GOP presidential race, says Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins' Squawk Box' to discuss the state of the 2024 presidential race, whether any candidate can catch up to Donald Trump in the polls on the GOP side, and whether Joe Biden is the presumptive Democratic nominee, and more.

Persons: Donald Trump, Jake Sherman Jake Sherman, Joe Biden Organizations: GOP, Punchbowl News, Democratic

☆ Australia's central bank loses chief to public ire over rates
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Lowe's dedication to the bank is not in doubt, having joined straight from school in 1980. The first mainly impacted markets while the second, and more fateful, soured sentiment with the public and politicians. A later review found the event had caused the bank "reputational damage" and the policy was unlikely to be used again. Lowe's mistake in 2021 was to be too specific on timing by repeatedly saying rates were unlikely to rise until 2024. With prices rising rapidly, Lowe was forced to reverse course and hike rates in May, a whole two years earlier than forecast.

Persons: Philip Lowe it's, Lowe, I'm, we'd, Jim Chalmers, Chalmers, Lowe's, Michele Bullock, Bullock, Wayne Cole, Shri Navaratnam Organizations: SYDNEY, Reserve Bank of Australia, MIT, Reserve Bank, Thomson Locations: Australia, Lincoln

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

☆ 'Neither side got what they wanted' on debt ceiling deal, says Punchbowl's Jake Sherman
▼ + stars: | 2023-05-30 | 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 Email'Neither side got what they wanted' on debt ceiling deal, says Punchbowl's Jake ShermanPunchbowl News founder Jake Sherman joins 'Squawk Box' to discuss the latest on the debt ceiling negotiations, after President Biden and House Speaker McCarthy reached a deal late Saturday night to raise the debt limit for two years, and what to expect on Capitol Hill this week.

☆ Biden and McCarthy reportedly have agreed to debt ceiling deal
▼ + stars: | 2023-05-27 | by ( ) www.cnbc.com time to read: +4 min

Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about the debt ceiling negotiations in the U.S. Capitol's Statuary Hall on Wednesday, May 24, 2023. U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, Punchbowl News reported on Saturday. "House Republicans have an agreement in principle with the White House on a debt-limit deal. Exact details of the final deal were not immediately available, but negotiators have agreed to cap non-defense discretionary spending at 2023 levels for two years, in exchange for a debt ceiling increase over a similar period, sources told Reuters earlier. McCarthy has vowed to give House members 72 hours to read the legislation before bringing it to the floor for a vote.

Persons: Kevin McCarthy, Joe Biden, Biden, McCarthy Organizations: Punchbowl News, Republicans, White, Twitter, Treasury Department, Internal Revenue Service, Reuters, Democratic, Republican, Congress, Democrat Locations: U.S, United States, Washington

☆ I don't understand Wall Street's optimism on debt ceiling, says Punchbowl's Jake Sherman
▼ + stars: | 2023-05-19 | 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 EmailI don't understand Wall Street's optimism on debt ceiling, says Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins 'Squawk Box' to discuss the latest in debt ceiling negotiations, and whether a deal can be reached to avert a U.S. debt default.

☆ AOC says Biden choosing to compromise with the GOP on a debt ceiling deal would be 'profoundly destructive,' and the White House should 'expect pushback on nearly any significant concession'
▼ + stars: | 2023-05-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden is set to meet with top lawmakers on Tuesday to discuss a potential debt ceiling agreement. McCarthy passed a bill in the House that would raise the debt ceiling through March of next year, and it was accompanied by over $4.5 trillion in spending cuts. Even so, some progressive lawmakers have warned the president that he should not bend on Democratic priorities to raise the debt ceiling. Multiple reports have suggested that the White House was considering compromising on rescinding unspent pandemic funding and energy permitting reform in a debt ceiling deal. Democrats – including President Biden – have been clear: these dangerous proposals are not going anywhere.

☆ News startup Messenger launches with Trump 'exclusive' while advertisers expressed skepticism ahead of debut: 'We can't have another Quibi'
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Jimmy Finkelstein's startup The Messenger launched today with a Trump interview leading the site. Advertisers said it'll be tough to sell ads on a site without an established audience. The site led with an interview with former President Donald Trump and ads from the American Petroleum Institute. The Messenger said it'll roll out seven other verticals including business, entertainment, and sports later in the year. Image from The Messenger's launch ad campaign.

☆ The Messenger, Jimmy Finkelstein's digital news startup, meets advertiser skepticism ahead of May 15 launch: 'We can't have another Quibi'
▼ + stars: | 2023-05-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Jimmy Finkelstein's startup The Messenger will roll out an ad campaign touting its mission to provide unbiased news. An ad campaign by Publicis unit Le Truc will kick off May 22 and is designed to provoke, with copy like "Agendas are for meetings. Image from The Messenger's launch ad campaign. The Messenger said it'll have three to four big advertisers at launch as well as a significant amount of programmatic advertising. The Messenger's ad campaign promotes its ambitions to provide unbiased news.

☆ JPMorgan's Dimon says debt ceiling standoff could cause panic -report
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

"Panic isn't necessarily a rational thing," the website quoted Dimon as saying. And (when) you see people panic -- that's '08, '09 again, and that's really what you want to avoid." "There's a higher chance of a mistake here because of the politics of the situation" with damaging economic consequences, Dimon said. "I hope, one day, we get rid of it," he said, restating a call to scrap the debt limit permanently. Reporting by Tatiana Bautzer; Editing by Lananh Nguyen; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ A clean debt ceiling increase is dead on arrival, says Punchbowl's Jake Sherman
▼ + stars: | 2023-05-10 | 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 EmailA clean debt ceiling increase is dead on arrival, says Punchbowl's Jake ShermanPunchbowl News founder Jake Sherman joins 'Squawk Box' to discuss the fallout from Tuesday's debt ceiling meeting between President Biden and top congressional leaders, and whether a bipartisan deal can still be reached.

☆ Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer
▼ + stars: | 2023-05-09 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Biden met with congressional leaders on Tuesday to discuss raising the debt ceiling. The US could default on its debt as soon as June 1 if Congress doesn't act. "I didn't see any new movement," McCarthy told reporters following the meeting. In the hours leading up to the meetings, McCarthy told Punchbowl News that "we should just get in the room and solve this thing. If Congress fails to raise the debt ceiling, Americans could experience devastating consequences.

☆ McCarthy's speakership will be over if he passes a clean debt ceiling: Punchbowl's Jake Sherman
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcCarthy's speakership will be over if he passes a clean debt ceiling: Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins 'Squawk Box' to discuss the latest in debt ceiling negotiations, including a preview of President Biden's high stakes meeting with top congressional leaders.

☆ Americans could be on track for a stream of job losses, big cuts to retirement savings, and a surge in student-loan payments in less than a month. It's completely preventable.
▼ + stars: | 2023-05-02 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

That could all be avoided if Congress passes a bill to raise the debt ceiling this month. Republicans see the debt ceiling as a tool for making wide-ranging spending cuts, a long-held GOP priority. Moody's Analytics recently found that McCarthy's plan to raise the debt ceiling attached to spending cuts could cost the country 780,000 jobs. "President Biden invited the four leaders to the White House to discuss the urgency of preventing default," a White House official said in a statement to Insider. But Democratic Sen. Jon Tester told CNN that it would be a "big mistake" for the White House to reach a deal with Republicans that include spending cuts.

☆ Markets are growing nervous over the prospect of a US default as debt ceiling deadline looms
▼ + stars: | 2023-04-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Demand for debt insurance has skyrocketed, while demand for US Treasury bills has fallen off, the FT reported. Meanwhile, the demand for US Treasury bills has fallen off, a sign investors are leaning away from government-issued debt as the impasse over raising the debt ceiling drags on. Prices for Treasury bills that expire in late summer – around the time a debt default could potentially happen – have fallen below those of other, riskier short-term debt instruments, the FT said. Though experts say it is unlikely, a debt default would be potentially catastrophic for markets, with US Treasury Secretary Janet Yellen calling such an event an "unthinkable." But time is running out for policymakers, who are holding out as they spar over possible spending cuts as a condition for raising the debt ceiling.

☆ Republicans reportedly want to ban student loan forgiveness and make it harder to get food stamps in a debt ceiling deal — and they seem to want to do it all over again next year
▼ + stars: | 2023-04-13 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Republicans are finally reportedly ready to share their debt ceiling demands as a package. Their package would only raise the debt ceiling for a year, setting up another fight in the middle of the next election. The US is potentially mere months away from breaching the debt ceiling, meaning it'll be unable to pay for the spending that Congress has already authorized. Congress passed a clean debt ceiling raise three times under former President Donald Trump. "I'm very concerned about the debt ceiling," he said.

☆ Classified documents mishandled by Trump, Biden, and Pence handed over to Congressional 'Gang of Eight'
▼ + stars: | 2023-04-11 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Classified documents were found in the possession of former President Donald Trump, President Joe Biden, and former Vice President Mike Pence in the past six months. A group of lawmakers known as the "Gang of Eight" have been asking for access to the docs. That process recently got underway, said the people, who insisted on anonymity to discuss private interactions between the Justice Department and Congress. Another special counsel, Robert Hur, is also investigating the improper retention of documents from Biden's time as vice president that have been located in his Delaware home and his pre-presidential think-tank office. The Justice Department had said that it wanted to be cooperative with the lawmakers' demands within the confines of the ongoing investigations.

☆ Democrats are betting Republicans' defense of Donald Trump's criminal charges will age like milk on the 2024 campaign trail
▼ + stars: | 2023-04-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

Republicans facing tough 2024 races are defending Donald Trump against criminal charges. Democrats are betting their defense of Trump will hurt them in competitive 2024 races. Lauren Boebert (@RepBoebert) April 4, 2023Boebert is on House Democrats' list of 31 vulnerable Republicans and two competitive open seats that they are targeting to take back control of the House in 2024. Biden hasn't commented on Trump's charges, and Democrats in Congress are treading carefully. Democrats shouldn't get ahead of the judicial process, said Rodell Mollineau, a cofounder and partner at Rokk Solutions in Washington, DC.

☆ House Republicans in swing districts are so beholden to Trump they're not publicly opposing his pleas to defund law enforcement
▼ + stars: | 2023-04-06 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

After his arraignment, Trump called on GOP members of Congress to defund law enforcement. Following this, Punchbowl News reached out to 18 vulnerable House Republicans in swing districts. One day after his arraignment, Trump took to Truth Social in an all-caps tirade to express his desire to defund law enforcement. "REPUBLICANS IN CONGRESS SHOULD DEFUND THE DOJ AND THE FBI UNTIL THEY COME TO THEIR SENSES," Trump wrote. Following the former president's plea on social media, political outlet Punchbowl News asked the 18 Republican representatives in districts where President Joe Biden won in 2020 for comment.

☆ Republicans want to cut $1 trillion in spending — and instead of introducing 1 bill, they've introduced 500 to do just that
▼ + stars: | 2023-03-30 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

GOP lawmakers published over 500 bills on different areas in which they want to cut spending. It comes as Biden has been urging Republicans to put forth a concrete budget. GOP budget chair Jodey Arrington said the budget could take months, and the primary focus should be raising the debt ceiling. Republican lawmakers just made their latest move in the ongoing drama to raise the debt ceiling and cut spending. Now, Republicans have some ideas — or rather, over 500 proposed bills for limiting funding to a slew of federal government programs and agencies.

☆ Yellen and Powell sent mixed messages today, spooked the markets
▼ + stars: | 2023-03-22 | 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 EmailYellen and Powell sent mixed messages today, spooked the marketsCNBC's Kayla Tausche, Empire Research's Herb Greenberg and Punchbowl News' Jake Sherman joins Brian Sullivan and 'Last Call' to discuss Yellen's comments today on Capitol Hill and the impact they had on markets at the end of the day.

☆ The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil
▼ + stars: | 2023-03-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Federal Reserve raised interest rates by 25 basis points on Wednesday. It's the second interest rate increase this year. It comes on the heels of Silicon Valley Bank's collapse, which prompted some calls to pause the rate hikes. "We expect 2023 to be a year of significant decline in inflation," Powell said in February. So while the committee is slowing interest rate hikes for now, they plan to continue increases this year.

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