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☆ Americans are 10 days away from a federal government shutdown and Republicans still can't agree on a way out
▼ + stars: | 2023-09-20 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

However, Republicans can't get it together to figure out a way out of a shutdown. A vote on a GOP funding resolution was yanked on Tuesday, and another on a defense bill failed. After the vote, McCarthy walked off the floor, according to PBS . "These consequences are real and avoidable — but only if House Republicans stop playing political games with peoples' lives and catering to the ideological demands of their most extreme, far-right members," the memo said. "It's time for House Republicans to abide by the bipartisan budget agreement that a majority of them voted for, keep the government open, and address other urgent needs for the American people."

Persons: Kevin McCarthy, McCarthy, Biden, Mike Lawler, Jim McGovern, McGovern Organizations: Service, Democrats, PBS, GOP, CNN, Democratic, White, Republicans, House Republicans Locations: Wall, Silicon

CNN —House Democrats have begun internal discussions about how to deal with the prospects of a chaotic situation: The possibility that Speaker Kevin McCarthy could lose his job in an unprecedented vote on the floor. One of the strategies being discussed by Democrats is to vote “present” or vote to kill it all together if a motion to oust McCarthy is brought to the floor. Bacon warned that he would cut a deal with Democrats if they reach an impasse with conservative hardliners. Democrats considering bailing out McCarthy say it wouldn’t necessarily stop there. If McCarthy were challenged, it may only take a handful of Democrats to save him.

Persons: Kevin McCarthy, McCarthy, Hakeem Jeffries, he’d, McCarthy’s speakership, Jeffries, Dan Kildee of, “, Kevin can’t, –, ”, Joe Biden –, you’re, ” It’s, Matt Gaetz, Gaetz, Don Bacon, Bacon, Biden, Debbie Wasserman Schultz, Dean Phillips, you’d, Paul Ryan, John Boehner –, Richard Neal of, ” Rep, Mary Gay Scanlon Organizations: CNN — House Democrats, Publicly, Democratic, ” Democratic, CNN, GOP, Democrats, Freedom Caucus, Republican, Republicans, Capitol, House, Florida, Dean Phillips of, Richard Neal of Massachusetts, ”, Pennsylvania Locations: Dan Kildee of Michigan, Florida, Nebraska, Dean Phillips of Minnesota

Meanwhile, a larger division within House Speaker Kevin McCarthy's fractious Republican majority prevented lawmakers from agreeing on a short-term measure to keep federal agencies afloat after funding expires on Sept. 30. Even if House Republicans had been able to advance the defense bill or the short-term measure, either would face stiff opposition from congressional Democrats and from the White House, which has already threatened to veto the defense bill. RAUCOUS SESSIONTuesday's House vote failed in a raucous session, with Democrats mocking Republican leaders as they tried to persuade holdouts to change their minds before finally giving up. The House vote came hours after McCarthy delayed a key procedural vote on the 30-day stopgap measure known as a continuing resolution, or CR. The continuing resolution faces opposition from more than a dozen Republican hardline conservatives, enough to block its path forward in the House.

Persons: Kevin McCarthy, Evelyn Hockstein, Kevin McCarthy's, McCarthy, Joe Biden, brinkmanship, Fitch, Tom Cole, they're, Cole, holdouts, Ralph Norman, I'm, Patty Murray, Brian Fitzpatrick, David Morgan, Moira Warburton, Katharine Jackson, Scott Malone, Bill Berkrot Organizations: ., U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, AAA, Senate, Republicans, White, California Republican, Thomson Locations: Washington , U.S, California, Mexico

In some ways, attaching Ukraine aid to other pressing matters could improve the odds of passing it quickly. Some lawmakers will be more inclined to vote for Ukraine assistance if it gets included with say, disaster relief for their home state. He said the focus needs to be on first passing an overall defense spending bill as well as the other spending bills. House Republicans hope to bring up for a vote this week a stopgap spending bill that doesn't include Biden's aid package for Ukraine. Still, Rep. Michael McCaul, the top Republican on the House Committee on Foreign Affairs, voiced confidence that Ukraine aid will continue.

Persons: Volodymyr Zelenskyy's, Joe Biden, ”, Kevin McCarthy, Zelenskky, “, Nancy Pelosi, Kamala Harris, Donald Trump's “, McCarthy, Mitch McConnell, McConnell, ” McConnell, Chuck Schumer, Zelenskyy, Sen, Thom Tillis, ” Tillis, Putin, Ken Calvert, ” Calvert, Mike Garcia, he's, ” Garcia, ” Schumer, Michael McCaul, ” McCaul Organizations: WASHINGTON, Ukraine, Republican, Republicans, House Republicans, Washington, ”, Foreign Affairs, NATO Locations: Washington, United States, Russia, Ukraine, Ukrainian, U.S, R

☆ Top House Republican McCarthy to test narrow majority in shutdown fight
▼ + stars: | 2023-09-18 | by ( David Morgan | ) www.reuters.com time to read: +6 min

[1/6] U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters as he arrives for the day at the U.S. Capitol in Washington, U.S. September 18, 2023. Republicans hold a 221-212 majority in the House that leaves McCarthy with little room to maneuver as he contends with opposition to the spending legislation from a small group of hardline conservatives. "The Republican House is failing the American people again and pursuing a path of gamesmanship and circus," Republican Representative Victoria Spartz said in a statement. Senate Majority Leader Chuck Schumer, a Democrat, called the House Republican CR agreement "slapdash and reckless," adding that a bipartisan continuing resolution is "the only answer for avoiding a government shutdown." Unless the House can move forward on spending, Republican leaders said privately that they could be forced to move directly into negotiations with Senate Democrats on appropriations bills, circumventing hardliners.

Persons: Kevin McCarthy, Jonathan Ernst, Joe Biden, McCarthy, Fitch, Tommy Tuberville, Biden, Donald Trump, Matt Gaetz, Jack Smith, Trump, Victoria Spartz, Chuck Schumer, Chip Roy, Roy, Ralph Norman, David Morgan, Richard Cowan, Moira Warburton, Scott Malone, Sandra Maler, Will Dunham Organizations: ., U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Senate, AAA, Democrat, Caucus, Thomson Locations: Washington , U.S, Mexico

☆ US shutdown looms: Top House Republican Kevin McCarthy faces crucial test
▼ + stars: | 2023-09-18 | by ( David Morgan | ) www.reuters.com time to read: +6 min

U.S. House Speaker Kevin McCarthy (R-CA) addresses the 5th annual Congressional Hackathon on Capitol Hill in Washington, U.S., September 14, 2023. But hardline activism on spending, policy and impeachment have split Republicans in the House and slowed the Senate's path forward on approving bipartisan spending legislation. House Democratic leader Hakeem Jeffries warned on Sunday that the situation amounts to a Republican "civil war." Unless the House can move forward on spending, Republican leaders say privately that they could be forced to move directly into negotiations with Senate Democrats on appropriations bills, circumventing hardliners. Other House Republicans fear that McCarthy's decision to open an impeachment inquiry of Biden could make it harder to gain cooperation on spending from Democrats.

Persons: Kevin McCarthy, Evelyn Hockstein, Joe Biden, brinkmanship, Fitch, Hakeem Jeffries, Tommy Tuberville, McCarthy, Biden, who's, Chip Roy, Patrick McHenry, Ralph Norman, Ken Buck, David Morgan, Richard Cowan, Scott Malone, Sandra Maler Organizations: REUTERS, Rights, ., Republican, U.S . Congress, Democratic, Senate, AAA, California Republican, Fox News, Department of Defense, House Republicans, White, Defense Department, Department of Veterans Affairs, Caucus, Moderate, Biden, Republicans, Washington Post, Thomson Locations: Washington , U.S, California

☆ Matt Gaetz calls reports that he's running for governor 'clickbait' — but he's not denying it and claims 'dozens' of his former colleagues are pushing him to run
▼ + stars: | 2023-09-18 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

On Monday afternoon, NBC News reported that Rep. Matt Gaetz is expected to run for governor. Gaetz told Insider in a statement the report was "overblown clickbait." He said that "dozens" of his former colleagues in the state legislature asked him to run. When Gaetz attended a local GOP event on Sunday evening, he "strongly implied several times he would be running for governor," according to NBC. In a statement to Insider, Gaetz downplayed the report.

Persons: Matt Gaetz, Gaetz, Ron DeSantis, Jack Smith, Biden, Byron Donalds, Jack Smith's, Donald Trump, Donalds Organizations: NBC News, Service, Republican Gov, GOP, NBC, GOP Florida Rep, House Republicans, Republicans, Twitter Locations: Wall, Silicon, Florida, Ukraine

☆ Read Prosecutors’ Request for a Gag Order on Trump
▼ + stars: | 2023-09-15 | by ( ) www.nytimes.com time to read: +3 min

The President of the United States is supposed to represent every American, not to target one. And, lo and behold, when someone as powerful as the President of the United States eggs on a mob, that mob will come. • Likewise, the defendant recently renewed attacks on former Georgia Lieutenant Governor whose harassment the defendant inspired in the aftermath of the election. https://truthsocial.com/@realDonald Trump/posts/109623460421938942; https://truthsocial.com/@realDonald Trump/posts/109623536630848334; https://truthsocial.com/@realDonald Trump/posts/109623623674619588. 11 See CNN, Transcript of CNN's Town Hall with Former President Donald Trump (May 11, 2023), https://www.cnn.com/2023/05/11/politics/transcript-cnn-town-hall-trump/index.html.

Persons: haven't, misconductpublicly, •, Governor, Trumper, @realDonald Trump, Donald Trump Organizations: American, MSNBC, Morning, CNN, CNN's, cnn Locations: United States, Fulton, United, Georgia, Fulton County , Georgia, georgia

☆ The stock market reaction to government shutdowns may surprise you
▼ + stars: | 2023-09-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

But surprisingly, the stock market has historically gone up when the government shuts down, according to Raymond James. "Markets are largely unaffected in the lead up to a shutdown, and on average continue to rise in the 30 days following the resolution of a shutdown," Mills said. Other sectors in the broad market index that have had historically strong showings during shutdowns include communications services, consumer staples and technology. Ultimately, a government shutdown will not likely create lasting effects in the market, according to Raymond James. Not only are Democrats and Republicans on different pages, but Republicans are also not singing from the same sheet of music as other Republicans," Mills said.

Persons: Raymond James, Ed Mills, Mills, Biden, furloughs, — CNBC's Michael Bloom Organizations: Energy, Congress, Republican, Representatives, Freedom Caucus, Congressional Democrats, Senate Republicans, Senate Democrats, Caucus, Republicans Locations: U.S, Ukraine

☆ Shutdown risk looms as US Congress faces spending, impeachment brawl
▼ + stars: | 2023-09-11 | by ( David Morgan | ) www.reuters.com time to read: +5 min

REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Sept 11 (Reuters) - The U.S. House of Representatives returns this week for an expected political brawl over spending cuts and impeachment that could paralyze the Republican-controlled chamber, as Congress struggles to avoid a government shutdown. The White House and Senate leaders -- including top Republican Mitch McConnell -- have rejected that demand. The House, which Republicans control by a thin 222-212 majority, has passed only one appropriations bill so far. Other Republicans reject the idea of tying an impeachment inquiry to the spending debate. Democrats have dismissed impeachment talk as little more than an effort to distract from Trump's extensive legal woes."

Persons: Julia Nikhinson, Joe Biden's, Biden, Kevin McCarthy, Republican Mitch McConnell, Kelly Armstrong, Donald Trump's, Andrew Bates, Ralph Norman, McCarthy's, Scott Perry, McCarthy, Don Bacon, Bacon, Marjorie Taylor Greene, John Fetterman, David Morgan, Makini Brice, Jeff Mason, Richard Cowan, Moira Warburton, Scott Malone, Jonathan Oatis Organizations: U.S . Capitol Police, REUTERS, Rights, U.S . House, Republican, Democratic, Republicans, Caucus, Reuters, AAA, Ukraine, Senate, Freedom Caucus, White House, White, Thomson Locations: Washington , U.S, Ukraine, Hawaii, Florida

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

To start, Congress faces a deadline to fund the government by the end of the month, or risk a potentially devastating federal shutdown. But starting a formal impeachment inquiry into Biden could help to appease Republican allies of Trump, who has emerged as the GOP frontrunner to confront Biden in the 2024 election for the White House. Woodhouse is now a senior adviser to the Congressional Integrity Project, which is preparing to criticize Republicans over the Biden impeachment. While the shutdown is the more pressing problem for McCarthy, the Biden impeachment inquiry is his bigger political gamble. McCarthy has signaled an impeachment inquiry is coming.

Persons: Kevin McCarthy, McCarthy, It's, —, Joe Biden, “ They've, ”, John Thune of, Donald Trump's, “, Hunter Biden, Biden, Trump, Brad Woodhouse, Woodhouse, White, Ian Sams, deride, Matt Gaetz, Kevin, ” Gaetz, Ken Buck, Jen Psaki, ” Trump, GOP Sen, Lisa Murkowski, Murkowski, couldn't, we’ve Organizations: WASHINGTON, —, Capitol, Republicans, Republican, White, Democratic, Congressional, House, Caucus, Defense Department, ”, Senate, GOP Locations: Ukraine, John Thune of South Dakota, Washington, U.S, Mexico, Russia, Lago, Alaska

The figures suggest that China's latest steps to revive a crisis-hit property market, including lower mortgage rates and down payments, could unlock some pockets of housing demand in the most sought-after areas, but may struggle to halt the broader property market downturn. "These measures may generate a short-term rebound in property transactions, but are insufficient to stabilize the property market," Goldman Sachs analysts said in a note. But Yu Fei, a property sales agent at HomeLink, said the initial spike in interest he noticed in the first few days is already petering out. "Many homebuyers remain in a wait-and-see approach, some hoping for more radical policies to stimulate the property market," Yu said. Goldman analysts said if property sales kept sliding policymakers could release more liquidity into the market by cutting banks' reserve requirement ratios, lowering rates, easing home purchasing rules further.

Persons: Jason Lee, Goldman Sachs, Zhang Guoqiang, I'm, Zhang, Zhao Jie, Yu Fei, Yu, Goldman, Wan, Emelia Sithole Organizations: REUTERS, China Index, Haitong Securities, Longfor, HK, Thomson Locations: Beijing, China, BEIJING, HONG KONG, China's

☆ Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
▼ + stars: | 2023-09-05 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Already, President Joe Biden has asked for short-term funding to help keep key programs running and head off a potential federal closure. Well, the federal budget year closes out on September 30. AdvertisementAdvertisementRepublicans already have conditionsHouse Speaker Kevin McCarthy has reportedly told his party members that he believes it'll be necessary to pass some sort of short-term funding measure, according to MSNBC. Senate Majority Leader Chuck Schumer similarly told MSNBC that he has met with McCarthy and the duo agreed to try and move forward with short-term funding. While the benefits would still flow, Americans relying on those programs would likely see processing delays and limited customer service.

Persons: Joe Biden, Kevin McCarthy, it'll, Chuck Schumer, McCarthy, GOPers, Donald Trump, Trump Organizations: Service, MSNBC, Republican, Justice Department, FBI, Social Security, SNAP, Management, Department of Agriculture, Assistance, Child Nutrition, Women, Children, Congressional Locations: Wall, Silicon, pare, Ukraine, Washington

The Senate returns Tuesday from a month-long recess as Congress gears up for a rocky September with a whole host of to-dos – including averting a government shutdown – before the fiscal year’s end. Accordingly, congressional leaders have made clear that a stop-gap measure to keep the government funded will be necessary. But even without the demands on the CR, reconciling the House and Senate's spending bills more broadly is expected to be a heavy lift this month, and perhaps beyond. Even so, some Senate Republicans were quick to come to McConnell’s defense. But questions about the leader’s health are expected to run in the background this week as the Senate gets to work on a number of priorities.

Persons: Kevin McCarthy, McCarthy, Chuck Schumer, Mitch McConnell, ”, Sen, Susan Collins of, McConnell “, Mike Rounds, McConnell, Joe Biden, Biden, Marjorie Taylor Greene Organizations: Caucus, Republicans, New York Democrat, Kentucky Republican, South Dakota, CNN, Senate, Georgia Republican, House Locations: Kentucky, Susan Collins of Maine, Washington, Georgia

☆ 2023 Honda CR-V Sport Touring: A Normcore Success
▼ + stars: | 2023-09-01 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/cars/2023-honda-cr-v-sport-touring-a-normcore-success-b31efd6a

Persons: Dow Jones Organizations: honda

REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The White House on Thursday said it was working with Congress to hammer out a short-term funding measure to avoid an Oct. 1 partial federal government shutdown while longer-term spending talks continue. "OMB is providing Congress with technical assistance needed to avoid severe disruptions to government services in the first quarter of the fiscal year." With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. U.S. Senate Majority Leader Chuck Schumer this month said he and House Speaker Kevin McCarthy had agreed on a stopgap measure. In its statement, OMB urged Congress to include emergency supplemental funding in any continuing resolution.

Persons: Kevin Wurm, Chuck Schumer, Kevin McCarthy, Mitch McConnell, Andrea Shalal, Richard Cowan, Susan Heavey, Chizu Nomiyama, Andrea Ricci, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Rights, Management, Budget, OMB, Washington Post, Republican, Senate, Wednesday, Russia, House Republicans, Thomson Locations: Washington , U.S, Kentucky, United States

☆ Biden's asking Congress for a budget Band-Aid. It'll make student loan repayment easier, secure Social Security and food benefits — and avoid a government shutdown.
▼ + stars: | 2023-08-31 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Without the cash infusion, the admin says, Social Security could get bogged down. Without that temporary budget fix, Social Security could get bogged down, low-income babies and seniors might not receive their benefits, and student loan repayment could get even thornier. The agency noted that the Education Department requires $2.3 billion to ensure it can effectively disburse student aid. It would also allocate $1.8 billion for student aid administration, which is $265 million below its current level. Are you worried about losing WIC or other food assistance, or struggling to repay student loans?

Persons: Biden, Joe Biden, Chuck Schumer, Kevin McCarthy, Schumer Organizations: Biden, Social Security, Service, Security, Management, OMB, SNAP, Social Security Administration, Women, Federal Student Aid, Education Department, Federal, Aid, Labor, Republicans, MSNBC, Republican, jkaplan Locations: Wall, Silicon, Washington

☆ UBS says this is how to play China right now — and shares its top stock picks
▼ + stars: | 2023-08-31 | by ( Lucy Handley | ) www.cnbc.com time to read: +4 min

Analysts at UBS have detailed how to play a volatile Chinese market in the short term. Chinese internet giant Alibaba is on UBS' list, with the bank expecting it to grow faster than the overall Chinese stock market. "Potential stock price catalysts include growth from the cloud business, overseas expansion and greater operational discipline," the analysts wrote. Insurers with full pension licenses, such as Ping An, will likely enjoy a first mover advantage," the analysts wrote. Consumer stocks In consumer stocks, UBS likes Topsports International , which is Adidas ' largest retail partner globally, the bank said.

Persons: Gina Raimondo, — CNBC's Michael Bloom Organizations: UBS, Baidu, Ping An Insurance, Consumer, Topsports, Adidas, Shenzhou, Nike, KFC, China Longyuan Power, China Resources Power Locations: Asia, China

☆ Ex-CIA employee's conviction in big secrets leak is largely upheld
▼ + stars: | 2023-08-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Following the conviction, U.S. Attorney Damian Williams in Manhattan called the theft "one of the most brazen and damaging acts of espionage in American history." In a 14-page decision, U.S. District Judge Jesse Furman in Manhattan found "more than sufficient" evidence to support Schulte's espionage and hacking convictions. Prosecutors have said Schulte was motivated to leak materials out of spite over how he thought the CIA treated him prior to his November 2016 resignation. Prosecutors said they found the material in Schulte's Manhattan apartment, in an encrypted container beneath three layers of password protection, during the CIA leaks probe. The case is U.S. v. Schulte, U.S. District Court, Southern District of New York, No.

Persons: George W, Bush, Joshua Schulte, Damian Williams, Jesse Furman, Schulte's, Aguilar, Furman, Schulte, Prosecutors, Williams, Jonathan Stempel, Cynthia Osterman Organizations: U.S . Central Intelligence Agency, CIA, Central Intelligence Agency, FBI, WikiLeaks, Prosecutors, Brooklyn's Metropolitan Detention, Court, Southern District of, Thomson Locations: Langley , Virginia, U.S, Manhattan, Brooklyn's, Southern District, Southern District of New York, New York

☆ Republican feud over 'root canal' spending cuts raises US government shutdown risk
▼ + stars: | 2023-08-21 | by ( David Morgan | ) www.reuters.com time to read: +7 min

The result is a major headache for centrist Republicans from swing districts that Biden won in 2020 and others with constituents in the firing line of hardline spending targets. One significant source of frustration is hardline demands for cuts to bills that have already been vetted by the 61-member House Appropriations Committee. SHUTDOWN RISKHouse Freedom Caucus members say a shutdown could be necessary to achieve their objectives. This time, the slim 222-212 House Republican majority could pay a political price. Would the House Freedom Caucus end McCarthy's reign over a CR?

Persons: Scott Perry, Andy Biggs, Jonathan Ernst, Joe Biden, Kevin McCarthy, Goldman Sachs, Centrists, McCarthy, Biden, Don Bacon, Ben Cline, We're, willy, nilly, David Joyce, William Hoagland, Donald Trump's, Dusty Johnson, Chuck Schumer, McCarthy's, Perry, Kevin, David Morgan, Scott Malone, Daniel Wallis, Cynthia Osterman Organizations: U.S, Capitol, REUTERS, Rights, Republicans, U.S . House, Caucus, Monday, White, Republican, Social Security, Freedom Caucus, Committee, Republican Governance Group, Center, Senate, Justice Department, Ukraine, Main Street Caucus, Reuters, Office, Thomson Locations: Washington , U.S, U.S, Nebraska, Washington

☆ Republican feud over 'root canal' spending cuts raises US gov't shutdown risk
▼ + stars: | 2023-08-21 | by ( David Morgan | ) www.reuters.com time to read: +6 min

The result is a major headache for centrist Republicans from swing districts that Biden won in 2020 and others with constituents in the firing line of hardline spending targets. "I do not know how they get themselves out of this jam," said William Hoagland, a former Senate Republican budget director now at the Bipartisan Policy Center think tank. SHUTDOWN RISKHouse Freedom Caucus members say a shutdown could be necessary to achieve their objectives. This time, the slim 222-212 House Republican majority could pay a political price. Would the House Freedom Caucus end McCarthy's reign over a CR?

Persons: Scott Perry, Andy Biggs, Jonathan Ernst, Joe Biden, Kevin McCarthy, McCarthy, Biden, Don Bacon, Ben Cline, We're, willy, nilly, David Joyce, William Hoagland, Donald Trump's, Dusty Johnson, Chuck Schumer, McCarthy's, Perry, Kevin, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, Republicans, U.S . House, Caucus, White, Republican, Social Security, Freedom Caucus, Committee, Republican Governance Group, Center, Senate, Main Street Caucus, Reuters, Office, Thomson Locations: Washington , U.S, U.S, Nebraska, Washington

☆ Schumer: Gov't funding resolution agreement with McCarthy is 'good sign'
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

U.S. Senate Majority Leader Chuck Schumer (D-NY), with Senator Jack Reed (D-RI), Senator Tim Kaine (D-VA) and Senator Catherine Cortez Masto (D-NV), holds a press conference after the weekly Democratic caucus policy luncheon at the U.S. Capitol in Washington, U.S. July 19, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday said he met with House Speaker Kevin McCarthy a few weeks ago and agreed to a resolution that could extend current federal government spending for a few months. Current government funding is due to expire Sept. 30 with the fiscal year beginning Oct 1, and no action to fund the federal government could trigger a shutdown. Any spending measures would have to pass both the Democratic-led Senate and the Republican-controlled House of Representatives. Reporting by Susan Heavey; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Chuck Schumer, Jack Reed, Tim Kaine, Catherine Cortez Masto, Jonathan Ernst, Kevin McCarthy, Schumer, McCarthy, Susan Heavey, Christina Fincher Organizations: Democratic, U.S, Capitol, REUTERS, Rights, Democrat, MSNBC, Republican, Senate, ., Thomson Locations: Washington , U.S, Ukraine

☆ Rhoda Karpatkin, Who Led Consumer Reports for Decades, Dies at 93
▼ + stars: | 2023-08-07 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

Rhoda Karpatkin, who pressed for painstaking product testing for safety and quality while promoting comparison shopping for value during more than four decades at Consumers Union as counsel, executive director and president, died on Friday at her home in Manhattan. Ms. Karpatkin, a New York lawyer and civil rights advocate, had served for 16 years as the nonprofit organization’s counsel when she was selected in 1974 as executive director, the first woman to hold that position. Consumers Union, the publisher of Consumer Reports, later changed its name to Consumer Reports. “Rhoda led CR to become the trusted name and consumer champion we are today,” Marta L. Tellado, the president and chief executive of Consumer Reports, said in a statement. Ms. Karpatkin also raised $40 million to build a new headquarters in Yonkers, N.Y., and an automobile testing track.

Persons: Rhoda Karpatkin, Deborah Karpatkin, Karpatkin, “ Rhoda, CR, ” Marta L Organizations: Consumers Union, Consumer Locations: Manhattan, New York, Yonkers, N.Y

☆ Allianz ex-manager must face US fraud charges related to $7 bln investor loss
▼ + stars: | 2023-08-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant said dismissing the indictment was justified because prosecutors' "intrusion" into his attorney-client relationship had been "manifestly and avowedly corrupt." Two other former portfolio managers have pleaded guilty in the case and agreed to cooperate with prosecutors. The case is U.S. v. Tournant, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel in New York; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Platiau, Gregoire Tournant's, Laura Taylor Swain, Tournant, Swain, Allianz's, Sullivan, Cromwell, Jonathan Stempel, Marguerita Choy Organizations: Allianz, La Defense, REUTERS, Alpha Funds, Prosecutors, U.S . Securities, Exchange Commission, Court, Southern District of, Thomson Locations: Puteaux, La, Paris, France, U.S, Manhattan, Southern District, Southern District of New York, New York

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