DIRS.INFO The most relevant business & tech news

☆ Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
▼ + stars: | 2023-03-24 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans' confidence in the banking industry after Silicon Valley Bank and Signature Bank collapsed over the last two weeks. Regulators and lawmakers are also trying to contain further damage to the economy and reinforce confidence in the banking system. Sen. Tim Scott, a South Carolina Republican and ranking member of the Senate Banking Committee, also said writing new laws should take a back seat at the hearings to investigating what happened. We can't legislate that either in the financial sector or among financial institutions management, nor with the regulators." Sen. Sherrod Brown, an Ohio Democrat and chairman of Senate Banking Committee, compared the SVB collapse to the devastating train crash in East Palestine, Ohio.

☆ Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill
▼ + stars: | 2023-03-22 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Republican Rick Scott and Democrat Elizabeth Warren blamed the collapse of the two banks on regulatory failures at the U.S. central bank, which has operated up to now with an internal inspector general who reports to the Fed board. "Our legislation fixes that by establishing a presidentially-appointed, Senate-confirmed inspector general at the Fed, like every other major government agency," Scott said in a joint release with Warren. Warren said this month's banking upheavals "have underscored the urgent need for a truly independent inspector general to hold Fed officials accountable for any lapses or wrongdoing." She sits on both the Senate Banking Committee and the Senate Finance Committee, and chairs subcommittees of both panels. Reporting by David Morgan and Heather Timmons; Editing by Scott Malone and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

The hearing in Raleigh took place after the state Supreme Court's conservative justices agreed to reconsider a 2022 ruling that found partisan redistricting, or gerrymandering, was unlawful under the state constitution. In the same elections, Republicans flipped two Democratic seats on the court, installing a 5-2 conservative majority that weeks later made the extremely unusual decision to rehear the redistricting case. Several conservative justices appeared sympathetic to the Republicans' arguments, while the court's two Democrats expressed skepticism. The Supreme Court's conservative justices appeared to agree during oral arguments in December. But after the North Carolina court's decision to rehear the case, the U.S. Supreme Court asked the various parties in the case to weigh in on whether the court still has jurisdiction over the matter.

The new court agreed along party lines to rehear the redistricting case, as well as a case in which the previous Democratic majority struck down a Republican-backed voter identification law. In court filings, Republican lawmakers argue that redistricting is inherently political and should be left to legislators, rather than judges. Last year's redistricting decision also prompted North Carolina Republicans to turn to the U.S. Supreme Court in what has become a high-profile case. The Supreme Court's conservative justices appeared sympathetic to the Republicans' argument during oral arguments in December. But after the North Carolina Supreme Court's decision to rehear the case, the U.S. Supreme Court asked the various parties in the case to weigh in on whether the court still has jurisdiction over the matter.

In North Carolina, party activists are seeking to punish Republican Senator Thom Tillis for his support for same-sex marriage rights. North Carolina State Representative Mark Brody, who supports censuring Sen. Tillis, says it is better to address differences directly. Law, who served as a senior member of Trump's 2016 and 2020 campaigns in Nevada, and the county party did not respond to requests for comment. Although Tillis retains support among the party establishment, Jim Womack, a county party chair, says the Senator’s critics are gaining strength. “The North Carolina Republican party will eventually be decentralized to the point where the grassroots will actually run the party,” Womack said.

The state Supreme Court blocked the Republican map as unlawfully biased against Democratic voters. The U.S. Supreme Court heard oral arguments in the dispute in December but has not issued a ruling in the high-profile case. The justices' order on Thursday cited a federal law giving it jurisdiction over final judgments issued by state supreme courts. Members of the state Supreme Court are elected by voters in North Carolina. In their appeal to the U.S. Supreme Court, the North Carolina Republicans contended that the state court usurped the state General Assembly's authority under that provision to regulate federal elections.

☆ Supreme Court signals it could sidestep ruling in major elections case
▼ + stars: | 2023-03-02 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Supreme Court on Thursday sought additional briefings in a major elections case from North Carolina, signaling it could sidestep a ruling on a broad theory that could upend election law nationwide. The brief court order asked the parties involved to file new court papers on the impact of recent actions by the North Carolina Supreme Court. The case before the justices, argued in December, concerns whether the North Carolina Supreme Court had the authority last year to throw out Republican-drawn congressional districts. Since then, the North Carolina Supreme Court has flipped from Democratic to Republican control and the new majority has moved to revisit some of the earlier rulings. Oral arguments in the North Carolina court are scheduled for March 14.

☆ North Carolina Republicans reap reward of judicial wins in redistricting ruling
▼ + stars: | 2023-02-07 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

'RAW PARTISANSHIP'In North Carolina, Republican candidates in November won two seats held by Democrats, wresting away the majority. The office of the Republican state Senate leader, Phil Berger, did not respond to a request for comment on the ruling on Monday. That decision led North Carolina Republican lawmakers to appeal to the U.S. Supreme Court in what has become one of the year's most momentous cases. The North Carolina Supreme Court – whose previous decision gave rise to the U.S. Supreme Court case – could now choose to embrace the notion regardless of what the U.S. Supreme Court eventually rules. "We either get Moore v. Harper and it's the Wild West everywhere, or we get a Republican state Supreme Court to overturn it and it's just the Wild West in North Carolina," Hildebrand said.

☆ Justice Ketanji Brown Jackson dominated oral arguments and challenged conservative thinking in her first months on the Supreme Court, observers say
▼ + stars: | 2022-12-26 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +10 min

Justice Ketanji Brown Jackson has sat on the Supreme Court for a little more than two months. The Supreme Court of the United States on Thursday, Oct. 6, 2022 in Washington, DC. Justices of the U.S. Supreme Court during a formal group photograph at the Supreme Court in Washington, D.C. on Friday, Oct. 7, 2022. Some court observers say oral arguments can potentially be an opportunity for justices to sway their colleagues' thinking – though that doesn't happen often. During the three hours of oral arguments, Jackson frequently threw cold water on the idea.

☆ How a GOP-controlled House will attack ESG and corporate climate change strategy
▼ + stars: | 2022-12-21 | by ( Tim Mullaney | ) www.cnbc.com time to read: +2 min

"I don't think that's a proper characterization of my view," McHenry said in an interview with CNBC Senior Congressional Correspondent Ylan Mui. What I think corporations should do is focus on their key knitting," he said. Vanguard Group also had been scheduled to testify, but after the fund giant abandoned an investment industry climate alliance, that changed. McHenry, rated as one of the most moderate House Republicans by non-profit GovTrack US, doesn't seem interested in the state approach. "It plays politics with corporations, in the name of having corporations not play politics."

☆ Effort to impeach Alejandro Mayorkas will only complicate the immigration puzzle
▼ + stars: | 2022-12-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

They want the incoming Republican-controlled House Judiciary Committee to launch an impeachment investigation of Mayorkas ASAP in early January. While their alleged crimes are very different, any impeachment effort against Mayorkas would likely end similarly: Belknap was acquitted in a Senate trial. Democrats, controlling the Senate majority, would surely do the same if Republicans could even muster the majority needed to impeach Mayorkas. McCarthy would rather just see Mayorkas resign, although there’s no indication Mayorkas will. “If Secretary Mayorkas does not resign, House Republicans will investigate every order, every action and every failure.

In their appeal to the Supreme Court, the Republicans argued that North Carolina's top court usurped their authority by throwing out the map. In that context - a fight over counting ballots in Florida - Rehnquist said the U.S. Constitution limits the authority of state courts. "This court has never second-guessed state court interpretations of their own constitution," said Katyal. Thomas Wolf, an attorney at New York University School of Law's Brennan Center for Justice, said if the Supreme Court gives itself too much leeway to intervene in state court disputes, it risks appearing politically motivated and lawless. The Supreme Court's ruling is due by the end of June.

WASHINGTON — The Supreme Court on Wednesday will hear a major case that could upend election law as the justices consider whether to reinstate Republican-drawn congressional districts in North Carolina. The case, which could have a broad impact on an array of election issues, is being closely watched for its potential impact on the 2024 presidential election. Republicans led by Tim Moore, the Republican speaker of the North Carolina House of Representatives, invoked the theory after the state Supreme Court in February struck down the congressional district map. Activists protest partisan gerrymandering at the Supreme Court in Washington, D.C. on Mar. Moore and other Republicans immediately asked the Supreme Court to reinstate the maps, saying the state court had overstepped its authority.

☆ Supreme Court justices grapple with a Republican challenge that could upend how elections are run: 'This is a theory with big consequences'
▼ + stars: | 2022-12-07 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +5 min

The Supreme Court heard three hours of oral arguments on a GOP-led challenge from North Carolina. Barrett said adopting the North Carolina Republicans' approach would mean judges would have "notoriously difficult lines to draw." The state supreme court ruled that the map was a partisan gerrymander that favored Republicans, deeming it a violation of the state constitution. Alito noted that in some places, like North Carolina, state supreme court judges are elected by voters. The Supreme Court is expected to hand down its decision in the case by June.

☆ House Ethics Committee admonishes Rep. Madison Cawthorn over crypto promotion, failure to disclose stake
▼ + stars: | 2022-12-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Rep. Madison Cawthorn, R-N.C., watches results from the North Carolina primary election with staff, volunteers, family and friends at his campaign headquarters on Tuesday, May 17, 2022 in Hendersonville, NC. The House Ethics Committee on Tuesday said it admonished outgoing Rep. Madison Cawthorn and ordered the North Carolina Republican to pay more than $15,000 for violating conflict of interest rules by publicly promoting a cryptocurrency he owned, and for failing to promptly disclose crypto transactions. The panel's report comes nearly a month after Cawthorn reportedly vacated his Washington, D.C., and district offices. Cawthorn lost his bid for a second term in May, when he was narrowly defeated in the GOP primary by Chuck Edwards. Days after Cawthorn lost to Edwards, the Ethics Committee revealed it was probing the congressman for possibly improper promotion of the so-called Let's Go Brandon coin, and for a possible improper relationship with a staffer.

Jennifer Schulp, a director at the libertarian think tank Cato Institute, said the Republicans' unexpectedly tight margin of control in the House will not prompt them to tone down their rhetoric. 'REGULATORY EXUBERANCE'Patrick McHenry, a North Carolina Republican in line to lead the House Financial Services Committee in the new Congress, said in an emailed statement to Reuters before the election that Biden's administration "is pushing its agenda through financial regulators because they don’t have the votes to pass it in Congress." "Committee Republicans will work together to conduct appropriate oversight of activist regulators and market participants who have an outsized impact," McHenry said. "The appropriations process in the House will be a messaging exercise, and it's less worrisome since the Democrats will have the Senate," McGannon said. While those Senators will not be in the majority, House Republicans have also criticized companies on ESG-related matters.

☆ Walker's campaign tells Republicans to stop 'deceptive fundraising' in Georgia runoff
▼ + stars: | 2022-11-15 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

Walker’s campaign, which has trailed Warnock’s in fundraising throughout the election, is now asking fellow Republicans to stop their fundraising practices — or at least start sharing more with the candidate. "We need everyone focused on winning the Georgia Senate race, and deceptive fundraising tactics by teams that just won their races are siphoning money away from Georgia,” Walker campaign manager Scott Paradise told NBC News on Monday. After the 90:10 split was highlighted on Twitter, Trump’s committee changed the allocation to a 50:50 split. A Vance spokesman declined to comment, but subsequent fundraising emails for Walker have defaulted to a 50:50 split as well. Those new donors' emails and their money are then shared along with the cash raised in the joint fundraising endeavor.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. According to the poll, 46% of voters said their family’s financial situation is worse than it was two years ago. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

By the end of Election Day, approximately 21,000 total interviews will be conducted. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

How the midterm election outcome could impact Biden's agenda Nov. 8, 2022 02:02 Read the full story here. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

☆ Biden administration urges Supreme Court to reject 'extraordinarily disruptive' theory in major elections case
▼ + stars: | 2022-10-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Lawrencehurley_Pic.Jpg | Lawrence Hurley | ) www.nbcnews.com time to read: +3 min

WASHINGTON — The Biden administration has urged the Supreme Court to reject a novel legal theory pushed by Republicans in an upcoming elections case from North Carolina that could strip state courts of their ability to oversee federal election-related disputes. The state court, basing its decision on protections in North Carolina's Constitution, adopted a map drawn by experts that is less favorable to Republicans. Republican lawmakers argue that the state court did not have the authority to adopt the new maps because, in the federal elections context, legislatures have unique power derived from the Elections Clause of the U.S. Constitution. That provision gives state legislatures the power to set the "time, place and manner" in which federal elections are held in that state. If the Supreme Court rules for Republicans, elections would be thrown into chaos because each state could have different rules for federal and state elections, she said, adding that such a ruling "risks magnifying confusion and uncertainty for both voters and elections officials."

☆ Crypto PACs backed by Sam Bankman-Fried, Scaramucci plan last-minute midterm ad blitz
▼ + stars: | 2022-10-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

A network of political action committees supported by cryptocurrency industry leaders are planning a last-minute ad campaign in support of congressional candidates, according to one of the groups' chief strategists. Web3 Forward and Crypto Innovation, two super PACs financed by the crypto executives, are both expected to spend at least six figures on an ad blitz starting in two weeks, the strategist explained. During the primary season, Web3 Forward backed Democrats running for Congress, while Crypto Innovation supported Republicans, according to Federal Election Commission records. The spending by the crypto PACs will add to a flurry of cash flowing in what are expected to be the most expensive midterm elections ever. Former Trump White House communications director and SkyBridge Capital founder Anthony Scaramucci donated $100,000 to Crypto Innovation in March, according to an FEC filing.

☆ With Control of the Senate in Play, These Are the Races to Watch
▼ + stars: | 2022-10-07 | by ( Lauren Leatherand Jonathan Weisman | ) www.nytimes.com time to read: +5 min

With the Senate knotted at 50-50 for each party, Republican control is only one seat away. But recent fumbles by Republican candidates in New Hampshire, Georgia and Arizona have made finding those two winnable races more difficult. Then came the accusation that Mr. Walker, a staunch opponent of abortion, paid for an ex-girlfriend's abortion, and the race turned upside-down. Cook Political Report still rates the contest a tossup, but the new allegations have given Mr. Warnock an edge and put Mr. Walker on the defensive. The Democrats’ best chance to pick up a Republican seat is in Pennsylvania , where Senator Patrick J. Toomey is retiring.

The Supreme Court in June announced it would hear the case in its new term, which begins on Monday. This showed the increasing willingness of its 6-3 conservative majority take on divisive issues as it steers the court on a rightward path. According to Irv Gornstein, executive director of Georgetown University Law Center's Supreme Court Institute, Kavanaugh now wields outsized influence over the speed and limits of the court's rightward shift. In its most recent term, there were 14 rulings decided on a 6-3 tally with the conservative justices on one side and the liberals on the other. The court appears likely to continue to take up cases particularly important to conservatives, Feldman said.

Search resuls for: "North Carolina Republican"

25 mentions found