DIRS.INFO The most relevant business & tech news

☆ Republican response to Trump indictment shows they're stitching their own straitjacket
▼ + stars: | 2023-06-13 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +14 min

The roar of outrage from Republican leaders to that indictment restored Trump’s grip on the party after frustration over his role in the GOP’s disappointing 2022 midterm elections had loosened it. Repeating the pattern from other moments of maximum threat to Trump, the GOP response has been marked by a pronounced communications imbalance. (The poll was conducted after Trump’s indictment in Manhattan but before the recent federal charges.) At another point Trump insisted, “These criminals cannot be rewarded” – presumably by frightening Republican voters away from nominating him. Yet, Robinson believes, by echoing Trump’s claims of unfair treatment, the other candidates are encouraging Republican voters to accept his framing of the race.

Persons: Donald Trump’s, Trump, Kevin McCarthy, South Carolina Sen, Lindsey Graham, Trump’s, Chris Christie, Asa Hutchinson, –, William Barr, John Bolton, John Thune –, ”, he’s, Ruth Ben, Ghiat, thrall, “, “ Strongmen, Mussolini, Silvio Berlusconi, Berlusconi, machina, Bill Kristol, Jack Smith, Fani Willis –, Dave Wilson, Craig Robinson, “ Donald Trump, Joe Biden, Jennifer Horn, ” –, “ They’ve, Donald Trump, ” Robinson, Robinson, Asa Hutchison, ” Kristol, Biden, Nikki Haley –, Mike Pence, Pence, she’s, ” Ben Organizations: CNN, Republican, Trump, GOP, Marxist, Republicans, NPR, PBS, Marist, Whites, CBS, Forza Italia, New York University, District, Iowa Republican Party, New, Georgia GOP, “, Trump “ Locations: Manhattan, South Carolina, lockstep, Fulton County , Georgia, New Hampshire, Georgia, America, Thune, Trump, Trump’s, South Africa, Chile

☆ Supreme Court orders voting maps redrawn in Alabama to accommodate Black voters
▼ + stars: | 2023-06-08 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +12 min

CNN —The Supreme Court on Thursday ordered Alabama officials to redraw the state’s congressional map to allow an additional Black majority district to account for the fact that the state is 27% Black. The federal court ordered the creation of another majority Black district to be drawn. He said it would be impossible to draw a second majority Black district in the state without taking race into consideration. Instead, she wrote, the state plan “divides the Black voters within this well-established community of interest across several districts, and as a result, Black Alabamians have no chance to elect their preferred candidates outside of” the one Black majority district. “Black voters are significantly numerous and compact to form a majority in a reasonably configured district, as the district court specifically found,” she said.

Persons: John Roberts, Brett Kavanaugh, ” Roberts, Roberts, ”, Terri Sewell, “, ” Sewell, General Merrick Garland, –, Democrats –, Steve Vladeck, ” Vladeck, Sen, John Thune, ” Thune, Samuel Alito, Neil Gorsuch, Clarence Thomas, Gorsuch, ” Thomas, Alito, Amy Coney Barrett, ” Thomas ’, Edmund LaCour Jr, Alabama’s, LaCour, NAACP –, Abha Khanna, Khanna, ” Khanna, Alabamians, Biden, dilutions, Elizabeth Prelogar Organizations: CNN, Alabama, Republicans, Democratic, “, Central, Supreme, Trump, Democrats, University of Texas School of Law, Representatives, Republican, Judiciary, Black, ”, NAACP Locations: Alabama, United States, Black, Louisiana, Mobile , Montgomery, ”

☆ Senate Minority Whip John Thune: If you want to improve the lives of people, grow the economy
▼ + stars: | 2023-06-06 | 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 EmailSenate Minority Whip John Thune: If you want to improve the lives of people, grow the economySenator John Thune (R-S.D.) joins 'Squawk Box' to discuss what's next on Congress' economic agenda after the passage of the debt ceiling deal.

Persons: John Thune, what's

REUTERS/Jonathan ErnstWASHINGTON, June 1 (Reuters) - The U.S. Senate will stay in session until it passes a bill to lift the government's $31.4 trillion debt ceiling, Democratic Majority Leader Chuck Schumer said on Thursday. Schumer said on Wednesday that the Senate would not make any amendments on the bill, which would send it back to the House for re-approval. The Republican-controlled House passed the bill on Wednesday evening in a 314-117 vote. His counterpart, Senate Republican Leader Mitch McConnell, also signaled on Wednesday that he would work for fast passage, saying, "I'll be proud to support it without delay." Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Schumer, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, McConnell, John Thune, “ There’ll, ”, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Alistair Bell Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, House, Treasury Department, CBS News, Biden, Thomson Locations: Washington , U.S, United States

"Once this bill reaches the Senate, I will move to bring it to the floor as soon as possible," Majority Leader Chuck Schumer said on Wednesday. His counterpart, Senate Republican Leader Mitch McConnell, also signaled that he would work for fast passage, saying, "I'll be proud to support it without delay." The chamber's rules require 60 votes to advance most legislation, meaning at least nine Republican votes are needed to pass most bills, including the debt ceiling deal. On Wednesday he vowed to vote against the bill, but did not reiterate his threat to try to delay it. Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, Schumer, McConnell, John Thune, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Lincoln Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, Treasury Department, CBS News, Biden, Social, Wall, Thomson Locations: Washington , U.S, United States

☆ Senate votes to repeal Biden's student loan forgiveness plan. White House warns Biden will veto
▼ + stars: | 2023-06-01 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

The Senate voted to repeal President Joe Biden's student loan forgiveness plan on June 1, 2023. Getty Images | BloombergA GOP-led effort to overturn President Joe Biden's sweeping student loan forgiveness plan passed the Senate on Thursday. The measure, which passed the House along party lines last week, would also nullify the pause on student loan payments. More from Personal Finance:Student loan pay pause eased forgiveness for public servantsExperts say SCOTUS will rule against student loan forgivenessWhat's at stake as SCOTUS weighs student loan forgiveness Sen. John Thune, R-S.D., acknowledged that the passage of the legislation was mostly symbolic. "We should help Americans with student debt, not make their problems worse," Schumer said.

Persons: Joe Biden's, Biden, Education Miguel Cardona, —, It's, Mark Kantrowitz, SCOTUS, What's, Sen, John Thune, Thune, Joe Manchin, Manchin, Biden's, Ed Markey, Markey, Chuck Schumer, Schumer Organizations: Education, Getty, Bloomberg, GOP, Finance, Senate, Democrats, Democratic Locations: York

☆ Chinese apps remain hugely popular in the U.S. despite efforts to ban TikTok
▼ + stars: | 2023-05-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +15 min

But while TikTok has been the one in the spotlight, other Chinese apps that present similar issues are also experiencing massive popularity in the U.S. Gorman said as the U.S. considers the threat posed by TikTok, it will also need to develop a framework for how to evaluate the relative risk of Chinese apps. But in the meantime, U.S. consumers continue to turn to Chinese apps. "And then of course, there's the early growth of Lemon8, which suggests that the appetite for Chinese apps in the U.S. is still growing." And some say the most effective long-term solution for curbing the use of Chinese apps may be fostering an environment for robust alternatives to grow.

CNN —South Carolina Sen. Tim Scott on Monday will formally enter the Republican presidential primary as he seeks to upend a contest that has so far been dominated by coverage of former President Donald Trump and Florida Gov. The most prominent Black figure in the Republican Party, Scott will address supporters at his alma mater, Charleston Southern University, in his hometown of North Charleston. In 2010, he became the first Black Republican elected to the US House of Representatives from South Carolina in more than a century. Years later, after being appointed to his Senate seat (he won a special election to retain the seat), Scott made history as the first Black US Senator from his native South Carolina. “We know how dangerous Tea Party extremist Tim Scott is,” South Carolina Democratic Party chair Christale Spain said in a statement.

☆ Tim Scott Begins Presidential Campaign, Adding to List of Trump Challengers
▼ + stars: | 2023-05-22 | by ( Jonathan Weisman | Maya King | ) www.nytimes.com time to read: +1 min

Tim Scott, the first Black Republican elected to the Senate from the South since Reconstruction, announced his campaign for president on Monday, adding to a growing number of Republicans running as alternatives to former President Donald J. Trump. 2 leader, John Thune of South Dakota, and will immediately begin a $5.5 million advertising blitz in the early nominating states of Iowa and New Hampshire. “Our party and our nation are standing at a time for choosing: Victimhood or victory? Grievance or greatness?” he planned to say at a packed and boisterous morning rally in the gym of his alma mater, Charleston Southern University, according to prepared remarks. “I choose freedom and hope and opportunity.”Long considered a rising star in the G.O.P., Mr. Scott, 57, enters the primary field having amassed $22 million in fund-raising and having attracted veteran political operatives to work on his behalf.

☆ Sen. Tim Scott kicks off 2024 presidential bid, entering GOP primary field led by Trump
▼ + stars: | 2023-05-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Trump has easily led the pack since launching his campaign last year, with Florida Gov. "Tim Scott is the real deal, and he will make a great president of the united states," Thune told the crowd in North Charleston before Scott took the stage. "This can't be another presidential campaign. The long-expected campaign kickoff came three days after Scott filed paperwork with the Federal Election Commission designating a principal committee for a presidential bid. "Tim is a big step up from Ron DeSanctimonious, who is totally unelectable," Trump wrote in a social media post earlier Monday.

Biden sat down in the Oval Office with House of Representatives Speaker McCarthy, Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries and Senate Republican leader Mitch McConnell. "We're just getting started," Biden told reporters just after 3 p.m. EDT (2000 GMT), before ushering them out the door so the meeting could begin. Biden is trying to reach a debt ceiling deal by June 1 to lift the threat of economic calamity. The White House announced Biden may be forced to skip a stop in Australia during an Asia trip due to the debt limit drama. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters.

WASHINGTON, May 16 (Reuters) - Democratic President Joe Biden and top congressional Republican Kevin McCarthy are expected to discuss new work requirements for benefits programs for low-income Americans during Tuesday's debt ceiling negotiations, sources familiar with the talks said. Expanding the work requirements has been a key demand of Republicans, who are also pushing for spending cuts in exchange for their votes to raise the debt limit. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters. The current deadlock has rattled investors, sending the cost of insuring exposure to U.S. government debt to record highs. 2 Senate Republican John Thune told reporters the talks appear to have "too many cooks."

WASHINGTON, May 16 (Reuters) - Democratic President Joe Biden and top congressional Republican Kevin McCarthy will sit down on Tuesday to try to make progress on a deal to raise the U.S. government's $31.4 trillion debt ceiling and avert an economically catastrophic default. House of Representatives Speaker McCarthy on Tuesday told reporters that his party, which controls the chamber by a 222-213 margin, would only agree to a deal that cuts spending. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters. Tuesday's White House meeting, which will include Biden, McCarthy, Democratic Senate Majority Leader Chuck Schumer, top Senate Republican Mitch McConnell and top House Democrat Hakeem Jeffries, is due to begin at 3 p.m. EDT (1900 GMT). 2 Senate Republican John Thune told reporters that the talks appear to have "too many cooks."

White House officials have described the talks as constructive, but McCarthy on Monday warned that he believed little progress had been made. Democrats including Senate Majority Leader Chuck Schumer, who is also expected to attend Tuesday's White House meeting, said that talks were proceeding in a "serious way." 'TOO MANY COOKS'Some observers have raised concerns that the five-party talks -- featuring Biden, McCarthy, Schumer, top Senate Republican Mitch McConnell and top House Democrat Hakeem Jeffries -- are too unwieldy to make progress. 2 Senate Republican John Thune told reporters that the talks appear to have "too many cooks." "As we've said all along, it is Biden and McCarthy," Thune said.

☆ Trump’s latest court loss may not hurt primary bid, but some Republicans raise alarm about 2024 viability
▼ + stars: | 2023-05-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

He would not win the White House. The unanimous jury verdict was vindication for Carroll and offered a symbolic win for other women who have made assault allegations against the president. Many White House hopefuls have exited presidential races for less. Nikki Haley or prospective White House contender, Florida Gov. House Speaker Kevin McCarthy characteristically dodged commenting on the verdict after leaving debt crisis talks at the White House on Tuesday.

☆ Senators will look at legislation addressing TikTok in China proposal -- Schumer
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 3 (Reuters) - Senate Majority Leader Chuck Schumer said senators will consider legislation to bolster the Biden administration's ability to crackdown on popular video sharing app TikTok as they craft wide-ranging legislation to address Chinese threats. In March, Senators Mark Warner and John Thune joined by 24 other senators proposed the Restrict Act to grant the Commerce Department new authority to review or block a range of transactions involving foreign-owned apps like TikTok that pose national security risks. "This is one of the things we will look at for sure," Schumer said Wednesday at a press conference citing Warner's bill. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Sen. Bernie Sanders is introducing a bill on Thursday to raise the minimum wage to $17 an hour. The federal minimum wage is $7.25, and it's remained unchanged since 2008. Sanders has long pushed for a higher federal minimum wage, although he's been more recently stymied by centrist Democrats. Scott said in a statement at the time that even before the pandemic, "the $7.25 federal minimum wage was economically and morally indefensible." Mandating a $15 minimum wage would put many of them out of business."

U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress. Let's get the debt ceiling taken care of, but let's talk about how we can reduce the deficit and common sense ways," Democratic Senator Jon Tester told reporters. "If we don't get the debt ceiling, then we go into a depression." Republican Senator Mitt Romney said. We must change course, cleanly raise the debt ceiling, and avert widespread economic pain and instability while we still can."

☆ US Democrats hold to 'clean' debt limit hike with no spending cuts attached -Schumer
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 2 (Reuters) - Democrats' position "remains the same" on the need to pass a "clean" bipartisan increase in the government's debt ceiling, U.S. Senate Majority Leader Chuck Schumer said on Tuesday. In his speech on the Senate floor, Schumer gave no timetable for a possible Senate vote on a debt limit bill with no spending cuts attached. Both parties should pass a clean, bipartisan bill to avoid default together before we hit the critical June 1 deadline," Schumer said in a speech to the Senate. So far neither Democrats nor Republicans, who demand steep spending cuts as part of any debt limit increase, have moved off of their positions. Late on Monday, Schumer began navigating two bills through the Senate: a clean debt limit extension, which could be followed by a potential bipartisan budget bill.

☆ US Senate Republican urges Biden, McCarthy to meet on debt ceiling: 'Time is a-wastin'
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 1 (Reuters) - No. 2 U.S. Senate Republican John Thune on Monday said the news that the federal government could no longer be able to pay its bills as soon as June 1 was an urgent signal that Democratic President Joe Biden and Republican House Speaker Kevin McCarthy need to begin talks on raising the debt ceiling. "It reinforces the need for the president to get up here or to get McCarthy down there to meet with him, one way or the other. I mean, time is a-wasting," Thune said. Reporting by David Morgan; Editing by Scott MaloneOur Standards: The Thomson Reuters Trust Principles.

☆ Reactions: US Treasury's new June 1 debt ceiling X-date
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +5 min

We must change course, cleanly raise the debt ceiling, and avert widespread economic pain and instability while we still can." The clock is ticking - and much faster than many suspected - so House Republicans need to drop their dangerous opposition to paying our nation’s bills." The President must negotiate on raising the debt ceiling." Let's get the debt ceiling taken care of, but let's talk about how we can reduce the deficit and common-sense ways. If we don't get the debt ceiling, then we go into it a depression."

WASHINGTON, April 28 (Reuters) - The Biden administration outlined efforts this week to address growing U.S. national security concerns on foreign companies' handling of Americans' data. Concerns about Chinese-owned TikTok have sparked new efforts in Congress to boost powers to address it or potentially ban the popular short video sharing app. Under Commerce Secretary for Industry and Security Alan Estevez was among those addressing information and communications technology supply (ICTS) chain threats, the department said. "I think it is a top priority and we need to move with urgency," U.S. Commerce Secretary Gina Raimondo said at a Senate hearing on Wednesday of the legislative effort. Days before then President Donald Trump left office in 2021, the Commerce Department issued aimed at addressing ICTS concerns posed by China, Russia, Iran, North Korea, Cuba and Venezuela.

☆ RESTRICT Act explained: proposed TikTok ban is 'a PATRIOT Act for the digital age,' some lawmakers say
▼ + stars: | 2023-04-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The RESTRICT Act, a bill that could ban TikTok nationwide, was introduced in the Senate last month. GOP Senator JD Vance of Ohio called the bill proposal "a PATRIOT Act for the digital age." But the RESTRICT Act — touted as a way ban TikTok nationwide — would do far more than prevent users from accessing an app known for its viral dance routines and conspiracy theory videos. "This will directly improve our national security as well as safeguard Americans' personal information and our nation's vital intellectual property." Even those who support a TikTok ban, such as Senator JD Vance of Ohio, don't see the RESTRICT Act as an appropriate solution.

☆ America's best bet for banning TikTok would have terrible side effects
▼ + stars: | 2023-04-19 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

As talk of a TikTok ban builds, the leading legislation with bipartisan support is the RESTRICT Act. Here's why the RESTRICT Act has some people so worried — and what the experts say might be a better approach. The type of data TikTok collects is similar to what Facebook or Twitter collect from its users. What would actually solve the concerns about the Chinese government getting US user data is comprehensive data privacy legislation, he and other experts said. "What we're saying is that if you're concerned about the Chinese government getting user data from TikTok," Greene said.

☆ IRS chief urges 2024 budget hike as Republicans criticize $80 bln spending plan
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

Werfel told a Senate Finance Committee hearing that the Biden administration's $14.1 billion fiscal 2024 IRS budget request would allow for further improvements in taxpayer services after the agency improved its call center response times with 5,000 new employees funded by last year's Inflation Reduction Act. "It's not enough resources to fund a tax system in an economy that grows in size and complexity every year," Werfel said of the fiscal 2023 IRS budget of $12.3 billion. The Strategic OperatingPlan calls for spending nearly 60% of the Inflation Reduction Act funds, or $79 billion on expanded enforcement, but only $4.3 billion for taxpayer services. Senator John Thune, a Republican from South Dakota, said he was "deeply concerned" that the "funds committed to promoting the administration's radical energy agenda" were similar in size to the taxpayer services spending plan. Some Republicans in the House of Representatives have targeted repeal of the $80 billion in IRS funding as a key spending cut demand for raising the $31.4 trillion federal debt limit this year.

Search resuls for: "Thune"

25 mentions found