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☆ Joe Manchin tells CEOs it's 'foolish' for them to give money to political candidates while 'asking nothing in return'
▼ + stars: | 2022-11-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Democratic Sen. Joe Manchin addressed a room full of top CEOs on Thursday morning. He said that by "asking nothing in return" for political donations, CEOs were "supporting bad behavior." He expanded, contrasting the investments that CEOs make in the business world with the money that they contribute to political candidates' campaign accounts. Manchin suggested on Thursday that CEOs were making political contributions based on broader ideological dynamics — referencing Democrats who are "too liberal" or Republicans who voted against certifying the 2020 election results. While Manchin appeared to be suggesting an outright quid-pro-quo for political contributions, he added that political contributions from CEOs are fueling "bad behavior" by politicians, suggesting a broader point about political dysfunction.

☆ Trump says Joe Manchin has gone 'off the rails' and should have been 'brought into the Republican Party long ago'
▼ + stars: | 2022-09-29 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Donald Trump said in a Truth Social post that Sen. Joe Manchin had gone "off the rails." One of the most prominent examples was when he gutted President Joe Biden's "Build Back Better" spending plan. "When people ask, 'What happened to Joe Manchin, why did he go off the rails?' "The fact is, Joe Manchin should have been brought into the Republican Party long ago," Trump wrote. In December, McConnell invited Manchin to join the GOP and slammed the Democratic Party for calling Manchin a "liar."

Texas Sen. Ted Cruz was the only GOP committee member to oppose the bill. Other numbers to know:155 miles per hour: How fast the maximum sustained winds of Hurricane Ian were as of Wednesday morning, per the National Hurricane Center. 23 percentage points: Democrat Beto O’Rourke’s edge over Republican Gov. Last night, Democratic Gov. Tim.”Oklahoma Senate: Former President Donald Trump endorsed Republican Sen. James Lankford in his Senate bid, after conspicuously not endorsing the GOP incumbent in his primary.

☆ What's at stake in this week's congressional vote to keep the government open, including Manchin's push to make it easier to build fossil fuel projects
▼ + stars: | 2022-09-26 | by ( Jason Lalljee | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

The government could face its first shutdown in years if Congress doesn't pass a short-term funding bill this week. Sen. Joe Manchin's push for a bill to streamline fossil fuel projects is the major holdup. Some details of the CR have circulated, although it hasn't been officially announced yet — but the major roadblock is Manchin's permitting reform proposal. Preventing a shutdown with short-term fundingTraffic is piling up around Manchin's bill, but the rest of the resolution faces less pushback. Some progressives and environmentalists have defended aspects of Manchin's bill.

☆ Congress treats the Congressional Budget Office like a crystal ball for legislation, but one economist says their models are built on flawed assumptions
▼ + stars: | 2022-03-12 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

In a recent episode, he spoke with economist Mark Paul about the role of the Congressional Budget Office. They run these economic models that I think are the most important policy models out there." The CBO's models are built from flawed assumptions that don't necessarily reflect how legislation might actually behave in the real world. "In the economics literature, what we find is that on average public investment is at least as productive as private investment — and often more so," Paul said. "In fact, there's this really well-known review that shows that public investment is 50% more productive on average than private investment."

☆ Congress needs to stop day trading, says Senator Mark Warner, a former VC and entrepreneur
▼ + stars: | 2022-01-14 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +7 min

Virginia Sen. Mark Warner says members of Congress shouldn't be allowed to trade individual stocks. "The ability to trade, and particularly on a day trade basis, even if you're not doing anything wrong, it looks bad," said Sen. Warner. Nancy Pelosi's argument for allowing stock trading is that federal representatives should not be restricted from participating in the economy. His transactions took place just a week before the House Judiciary Committee advanced its slew of antitrust bills aimed at Big Tech. As he leaned back in his chair in his Washington DC office, Sen. Warner, a seasoned investor, brought the point home.

☆ A powerful group of lobbyists and donors pushed Mitch McConnell to take a 'hard red line' that delayed a stimulus bill for months
▼ + stars: | 2020-12-16 | by ( Kimberly Leonard | Dave Levinthal | ) www.businessinsider.com time to read: +19 min

A powerful group of business organizations has pushed for the liability shields and donated generously to McConnell and other Republicans. Photo by Alex Wong/Getty ImagesThe Chamber of Commerce's big giveThe Chamber of Commerce has been among the most vocal proponents of liability protections. Overall, however, Walmart's workers and PAC gave about evenly to Democrats as to Republicans this election. Its PAC gave $9,000 to McConnell's campaign and gave $3,000 to Cornyn. During the past three decades, McConnell has received robust support from some of the industries lobbying hard for liability protections.

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