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☆ Stock futures are little changed after the S&P 500’s best week since March
▼ + stars: | 2023-06-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

U.S. equity futures were little changed Sunday evening after a broad-based rally last week that pushed the S&P 500 to its best week since March, and its highest level since last August. S&P 500 futures were higher by 0.09% and Nasdaq-100 futures hovered below the flat line. On Friday, stocks rallied to end the week following strong jobs data for the month of May. The Dow jumped 701.19 points, or 2.12%, for its best day since January, ending the week at 33,762.76. "Recent banking sector developments are also encouraging, and repeated signs of labor market strength are reducing the risk negative outcomes.

Persons: Dow, Joe Biden, Dow Jones, Mace McCain, Yung, Yu Ma, Smucker, Campbell Soup Organizations: Dow Jones, Nasdaq, U.S ., Labor Department . Public, Frost Investment Advisors, BMO, CNBC, Investors, Natural Foods, Signet Jewelers, PMI, Institute for Supply Management, Global, Mortgage, Association

The House Rules Committee voted to advance a bill dealing with the federal debt ceiling to the full House. Raising the debt limit, now $31.4 trillion, would allow Treasury to continue borrowing to pay the US's bills. Earlier, he said on "Fox and Friends" that "There's nothing in the bill for" Democrats — hardly a helpful statement for Biden. Top administration officials are heading to Capitol Hill to brief Democrats privately ahead of Wednesday's planned vote. "It is my expectation that House Republicans would keep their promise and deliver at least 150 votes as it relates to an agreement that they themselves negotiated," Jeffries said.

Persons: —, Kevin McCarthy, Joe Biden, McCarthy, Democrats —, Biden, Wednesday's, Hakeem Jeffries, Jeffries, Scott Perry, Chip Roy, Nancy Mace, Pramila Jayapal, it's, Sen, Joe Manchin, Raul Grijalva, Chuck Schumer, McConnell, Schumer, Democratic Sen, Tim Kaine, Virginia, Janet Yellen, Aamer Madhani, Seung Min Kim, Farnoush Amiri, Darlene Superville, Mary Clare Jalonick Organizations: Treasury, Service, WASHINGTON, Republicans, Democrats, Caucus, Republican, Capitol, Fox, Office, Social Security, Democratic, Freedom Caucus, Liberal, Appalachia ., Congressional Progressive Caucus, Democrat, Natural Resources Committee, Senate, Senators, House, Associated Press Locations: Washington, Texas, Appalachia, Arizona, That's

☆ 'I'm not interested in supporting it at all', says Rep. Nancy Mace on debt ceiling bill
▼ + stars: | 2023-05-31 | 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'I'm not interested in supporting it at all', says Rep. Nancy Mace on debt ceiling billRep. Nancy Mace (R-South Carolina) joins 'Last Call' to explain why she is voting against the debt ceiling bill in the house.

Persons: Nancy Mace Locations: South Carolina

☆ Biden and McCarthy's debt-ceiling deal is a 'turd-sandwich,' GOP Rep. Chip Roy says — and he's joining a growing number of conservative lawmakers who say they'll vote against it with the US just days
▼ + stars: | 2023-05-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A growing number of conservative lawmakers are opposing Biden and McCarthy's debt-ceiling deal. They argued it does not include enough spending cuts, with Rep. Chip Roy calling it a "turd-sandwich." Lawmakers need to pass a bill to raise the debt ceiling before the US defaults as early as June 5. Both Biden and McCarthy said over the weekend that this deal is the best option for Americans. And McCarthy wrote on Twitter on Saturday that "I just got off the phone with the president a bit ago.

Ambassador and South Carolina Republican Gov. Nikki Haley has walked a long and windy road when it comes to her one-time boss, former President Donald Trump. DeSantis’ announcement nears: NBC News’ Dasha Burns reports that Florida Republican Gov. And the New York Times reports DeSantis has been telling donors that out of the three “credible” candidates for president (Trump, himself and President Biden), only he and Biden can win. Raising eyebrows: Virginia GOP Gov.

WASHINGTON, May 15 (Reuters) - The U.S. Supreme Court on Monday agreed to hear a bid by South Carolina officials to revive a Republican-crafted voting map that a lower court said had unconstitutionally "exiled" 30,000 Black voters from a closely contested congressional district. In this case, the Republican legislators were accused of racial gerrymandering to reduce the influence of black voters. South Carolina's Republican-controlled legislature adopted a new voting map last year following the 2020 U.S. census. The Republican map resulted in a 1st congressional district with a larger percentage of white, Republican-leaning voters. The judges – all three appointed by Democratic presidents – ruled that no elections can take place in the 1st district until it has been redrawn, prompting the South Carolina Republican officials to appeal to the Supreme Court.

☆ Rep. Nancy Mace says people want to see her Jell-O wrestle with Marjorie Taylor Greene
▼ + stars: | 2023-05-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Reps. Nancy Mace and Marjorie Taylor Greene have a history of publicly beefing with each other. Mace reportedly joked to a colleague that people only want to see the two "wrestling in Jell-O." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRep. Nancy Mace of South Carolina once joked to a colleague that people want to see her Jell-O wrestle with fellow Republican Rep. Marjorie Taylor Greene of Georgia. In 2021, Mace went as far as to call Greene "batshit crazy" in a series of emojis after Greene referred to her as "trash." "The only thing people want to see of me and Marjorie is if we're wrestling in Jell-O."

☆ Nancy Mace, a ‘Caucus of One’ in the G.O.P., Says She’s Trying to Change Her Party
▼ + stars: | 2023-05-09 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

It was just after Representative Nancy Mace, Republican of South Carolina, had fired off a blunt text to the No. “Now I’ll look like a flip-flopper,” Ms. Mace worried aloud. She anticipated criticism for the turnabout, but consoled herself with the fact that she had leveraged her vote to force her party to take on issues she cared about. “This is a way I can drive the debate,” she said as she walked back to her office. “It’s a way of using my position to push those issues.”

☆ Best rice dishes: 20 delicious specialties from around the world
▼ + stars: | 2023-05-04 | by ( Terry Ward | ) edition.cnn.com time to read: +16 min

And while famous rice dishes such as sushi, fried rice and paella are among the most prominent in the global spotlight, there are so many more rice recipes out there to put on your radar – and seek out on your travels. Wali wa kukaanga, KenyaWali wa kukaanga is Kenya’s answer to fried rice, and translates to just that in Swahili. So it’s no surprise that the Polynesian island country’s most popular rice dish, alaisa fa’apopo, has ties to the coconut, too. Thai fried rice (Khao Pad), ThailandThai fried rice uses the layering of flavors that's characteristic of the country's cuisine. ArenaCreative/Adobe StockWhen it comes to fried rice, the Chinese version tends to steal the spotlight.

☆ Jordan Neely Was Killed - The New York Times
▼ + stars: | 2023-05-04 | by ( Roxane Gay | ) www.nytimes.com time to read: +2 min

A former marine held Mr. Neely in a chokehold for several minutes, killing the man. News reports keep saying Mr. Neely died, which is a passive thing. No one appears to have intervened during those minutes to help Mr. Neely, though two men apparently tried to help the former marine. Did anyone ask the former marine to release Mr. Neely from his chokehold? Now that it’s too late, there are haunting, heartbreaking images of Mr. Neely, helpless and pinned, still being choked.

[1/2] Solar panels are built at the QCells solar energy manufacturing factory in Dalton, Georgia, U.S., March 2, 2023. The Inflation Reduction Act, which passed last year without a single Republican vote, is a signature Biden accomplishment and offers $369 billion investment to address climate change. This includes $270 billion in tax incentives. Republicans have portrayed the tax credits as a distortion of the free market that gives unfair advantage to clean-energy producers over fossil fuels. Frisone, of CZAR-Power, said he plans to call Republican officeholders to make his case, adding, "This is a political stunt -- why are we doing it?"

☆ An ex-fire commissioner is accused of spraying bear mace on homeless people minding their own business on San Francisco's streets
▼ + stars: | 2023-04-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

A former fire commissioner is accused of approaching homeless people and spraying them with bear mace. Don Carmignani initially said he was attacked by a homeless man, Garrett Doty, with a lead pipe. Doty was arrested in connection with the attack, and faces assault and battery charges brought by the San Francisco district attorney's office. Another video from November 2021 shows an unidentified person spraying bear mace at a homeless person sleeping on the street. Colla, the San Francisco Public Defender's Office, and the San Francisco district attorney's office did not immediately respond to Insider's requests for comment sent outside regular business hours.

WASHINGTON, April 26 (Reuters) - The U.S. House of Representatives will vote on a Republican bill to raise the U.S. government's $31.4 trillion debt ceiling and slash spending on Wednesday, after days of negotiations to win the support of reluctant Republican lawmakers. A procedural vote to allow debate on the bill passed in a 219-210 party-line vote earlier on Wednesday. Republican critics including hardline House Freedom Caucus Chairman Scott Perry and Representative Nancy Mace said they had dropped their opposition to the bill. Bending to the far-right wing of the party, Republicans also accelerated some new, tougher work requirements for receiving Medicaid healthcare benefits for the poor. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

WASHINGTON, April 26 (Reuters) - A Republican bill that would raise the U.S. government's $31.4 trillion and slash spending took a step forward in the House of Representatives on Wednesday, after party leaders agreed to last-minute changes in the face of opposition. House Speaker Kevin McCarthy allowed overnight changes to the bill aimed at assuaging Midwestern Republican concerns about biofuel tax credits and conceding to hardliners' calls to toughen work requirements for some low-income Americans. McCarthy told reporters on Wednesday that the House would vote later in the day. Other Republican critics including hardline House Freedom Caucus Chairman Scott Perry and Representative Nancy Mace said they had dropped their opposition to the bill. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

WASHINGTON, April 26 (Reuters) - Republican U.S. House Speaker Kevin McCarthy said lawmakers would vote on Wednesday on a bill to raise the $31.4 trillion federal debt ceiling and slash spending, despite lingering dissension within their ranks over the measure. Another critic of the bill, hardline House Freedom Caucus Chairman Scott Perry, said he and other conservatives who had held out for changes to work requirements were ready to move forward. Representative Kevin Hern, chairman of the 175-member Republican Study Committee, welcomed the changes, which he said most Republicans would support. Bending to the far-right wing of the party, Republicans also accelerated some new, tougher work requirements for receiving Medicaid healthcare benefits for the poor. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

WASHINGTON, April 26 (Reuters) - Republican U.S. House Speaker Kevin McCarthy said lawmakers would vote on Wednesday on a bill to raise the $31.4 trillion federal debt ceiling and slash spending, despite lingering dissension within their ranks over the bill. Representative Kevin Hern, chairman of the 175-member Republican Study Committee, welcomed the changes, which he said most Republicans would support. Several House Republicans, particularly from Midwestern states, had rebelled against that provision. Bending to the far-right wing of the party, Republicans also accelerated some new, tougher work requirements for receiving Medicaid healthcare benefits for the poor. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

☆ McCarthy's debt-ceiling bill tests unity of U.S. House Republicans
▼ + stars: | 2023-04-26 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

It was interrupted by an extended recess to allow Republicans to work out last-minute changes to the bill and thus improve chances of passage in the Republican-controlled House. Several House Republicans, particularly from Midwest states, had rebelled against that provision. The full House vote will be a test of House Speaker Kevin McCarthy's leadership. He has argued that passing the bill could force Biden to agree to negotiate spending cuts in exchange for lifting the federal government's $31.4 trillion borrowing limit. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

Hard-right Republicans Chip Roy, Thomas Massie and Ralph Norman huddled in a Capitol hallway during a lengthy Rules Committee recess. The House could still try for passage on Wednesday if the Rules Committee votes to advance it. McCarthy and other House Republican leaders were working to shore up support for the bill that would raise the current $31.4 trillion limit on Washington's borrowing authority. It could be difficult for Congress to raise the debt ceiling before then if House Republicans are unable to unite behind a proposal, analysts say. Treasury Secretary Janet Yellen warned on Tuesday that a failure to raise the debt ceiling would trigger a "financial catastrophe" that would sharply raise the cost of borrowing money.

☆ Republicans want to cut billions of dollars for energy projects as part of their legislation to raise the debt ceiling
▼ + stars: | 2023-04-26 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

House Republicans want to strip billions of dollars in funding for energy projects as part of their debt ceiling bill. These latest changes are part of a last-minute effort by Republican leadership to get their members on board with a debt ceiling vote. House Speaker Kevin McCarthy insisted on Wednesday morning that the House will vote on the debt ceiling limit on Wednesday, despite several GOP House members publicly voicing their opposition to the legislation. In exchange, it would increase the debt ceiling by $1.5 trillion, or through March 31, 2024, whichever comes first. Whenever Republicans manage to pass their debt ceiling legislation, it'll be just a first step in negotiations with the White House, which is demanding to raise the limit without conditions.

McCarthy told reporters in the U.S. Capitol. Biden said Congress must raise the debt ceiling without conditions, as it did three times under Republican President Donald Trump. It could be difficult for Congress to raise the debt ceiling before then if House Republicans are unable to unite behind a proposal, analysts say. Treasury Secretary Janet Yellen warned on Tuesday that a failure to raise the debt ceiling would trigger a "financial catastrophe" that would sharply raise the cost of borrowing money. Manhattan Institute senior fellow Brian Riedl gives House Republicans a 50-50 chance of passing the legislation this week.

In a roughly 20-minute speech, Haley described the debate around abortion as an issue for each state to decide. I believe in compassion, not anger," said Haley, a former governor of South Carolina and the only female candidate in the Republican presidential race. During the speech, Haley spoke of personal experiences, including her own difficulty conceiving. REPUBLICANS AT ODDS OVER ABORTIONOff the campaign trail, some Republicans are criticizing the party's handling of the issue. U.S. Republican presidential candidate and former Ambassador to the United Nations Nikki Haley delivers a campaign policy speech on abortion in Arlington, Virginia, U.S. April 25, 2023.

“I hope the Republican Party can muster the courage to oppose late-term abortion like we have done in the past. But after the midterms produced a slimmer-than-expected majority, there now appears to be little appetite inside the House GOP for such a bill. Troy Nehls, a Republican from Texas, told CNN: “it’s up to the states,” when asked about a national ban. The National Right to Life Committee said it is in regular communication with House Republican leadership about possible legislative efforts and educational needs on the issue. “What we’re working on right now is primarily reacquainting members with the abortion issue after the Dobbs decision.

☆ US House Republicans squirm over Speaker McCarthy's debt ceiling proposal
▼ + stars: | 2023-04-20 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

It is his opening shot in a negotiation with Democratic President Joe Biden, whose party also controls the U.S. Senate. If the divided Congress fails to raise the federal government's $31.4 trillion debt ceiling, the government could face a default that would shake the U.S. and world economies. Several House Republicans on Thursday either raised concerns about the proposal or acknowledged a tough battle ahead on a bill that is unlikely to win Democratic support. McCarthy faces a tough path as he can lose only five votes from his razor thin 222-member majority to pass legislation if Democrats remain united in opposition. The White House criticized McCarthy's plan as draconian, with Press Secretary Karine Jean-Pierre saying, "MAGA House Republicans are holding the American economy hostage in order to take a hatchet to programs Americans rely on every day to make ends meet."

☆ U.S. House Republicans squirm over Speaker McCarthy's debt ceiling proposal
▼ + stars: | 2023-04-20 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

☆ House Republicans unveil their plan to raise the debt ceiling for just one year — and it already faces hurdles from its own party
▼ + stars: | 2023-04-19 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy unveiled his bill to raise the debt ceiling on Wednesday. On Wednesday, Speaker of the House Kevin McCarthy released his 320-page bill to raise the debt ceiling by $1.5 trillion, or until March 31, 2024, whichever comes first. And some Republicans don't even want to raise the debt ceiling at all. But McCarthy and Republicans have insisted that a hike to the debt ceiling needs to be accompanied by spending cuts. Earlier on Wednesday, the Problem Solvers Caucus — comprised of moderate Democrats and Republicans — unveiled their own plan to raise the debt ceiling, which included suspending the debt ceiling through December 31, 2023, to allow time to complete next year's budget, allowing for an automatic debt ceiling increase through February 28, 2025.

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