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REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 14 (Reuters) - The Biden administration on Thursday imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine. The move is part of a bigger package of measures hitting Russia with sanctions on more than 150 targets, including the country's largest carmaker. The U.S. State Department imposed sanctions on Denkar Ship Construction for providing ship repair services to previously designated vessels of a company connected to the Russian Defense Ministry. The U.S. also imposed sanctions on a major local copper producer - Russian Copper Company. The Treasury slapped sanctions on Finland-based logistics firms Siberica Oy and Luminor Oy, accusing them of sending a wide variety of electronics into Russia.

Persons: Joe Biden, Biden, Jonathan Ernst, reconvenes, Wally Adeyemo, we've, Sanayi, Denkar, Ilker Dogruyol, Dogruyol, Tayyip Erdogan, Humeyra Pamuk, Daphne Psaledakis, Polina Devitt, Gleb Stolyarov, Don Durfee, Alexandra Hudson, William Maclean, Paul Simao Organizations: Cancer, White, REUTERS, Rights, Turkish, Ukraine, Reuters, NATO, Treasury, . Treasury Department, U.S . State Department, Denkar, Russian Defense Ministry, State Department, ID Ship Agency, GAZ Group, Russian Copper Company, Siberica, Luminor, U.S, Kurdistan Workers Party, European Union, United, Thomson Locations: Washington , U.S, Russia, Moscow, Turkey, Washington, Ankara, Sweden, United States, Ukraine, Sea, Turkish, U.S, Finland, Kyiv, Hungary, London

U.S. President Joe Biden delivers remarks on his economic agenda at Prince George's Community College in Largo, Maryland, U.S. September 14, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Sept 14 (Reuters) - U.S. President Joe Biden told top American rabbis on Thursday that he felt antisemitism has "risen to record levels" and was a big challenge for the entire country, while also taking a dig at Republican former President Donald Trump over the issue. "Antisemitism has risen to record levels," Biden said in a call with U.S. rabbis to commemorate the Jewish High Holidays. The rally followed months of protests over the city's plan to remove a statue of Confederate General Robert E. Lee. More than 3,600 antisemitic incidents were recorded in the United States in 2022, more than in any year since ADL began tracking the issue in 1979.

Persons: Joe Biden, Jonathan Ernst, Donald Trump, Biden, Confederate, Robert E, Lee ., Trump, Trump's, Kanishka Singh, Christopher Cushing Organizations: Prince George's Community College, REUTERS, Rights, Republican, Democratic, University of Virginia, Defamation League, Tel Aviv University, ADL, Thomson Locations: Largo , Maryland, U.S, Charlottesville , Virginia, Lee, Charlottesville, United States

REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Sept 14 (Reuters) - The United States is divided over the Republican impeachment probe of Democratic President Joe Biden, according to a Reuters/Ipsos poll completed on Thursday, with a plurality of Americans supporting the idea. Some 41% of respondents said they supported the idea of Congress opening an impeachment investigation into Biden related to allegations involving his son Hunter Biden, while 35% were opposed and 24% said they were not sure. Republicans say they have found a "culture of corruption" around the business activities of Biden's son Hunter Biden that justifies an investigation. Biden's son Hunter pursued a wide range of foreign business ventures and has struggled with drug and alcohol addiction. Previous polls have found that many Americans believe Hunter Biden has received special treatment.

Persons: Joe Biden, Jonathan Ernst, Biden, Hunter Biden, Biden's, Hunter, Andy Sullivan, Scott Malone, Howard Goller Organizations: Prince George's Community College, REUTERS, Rights, Republican, Democratic, Reuters, White House, Thomson Locations: Largo , Maryland, U.S, United States

☆ Biden vows to cut US gasoline prices
▼ + stars: | 2023-09-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks on his economic agenda at Prince George's Community College in Largo, Maryland, U.S. September 14, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsLARGO, Maryland, Sept 14 (Reuters) - President Joe Biden vowed on Thursday to get U.S. gasoline prices down, one day after a report showed consumer inflation surged by the most in 14 months due to higher energy costs. KEY QUOTE"I'm going to get those gas prices down again, I promise you," Biden told an audience in Largo, Maryland, during a speech on the economy. Consumer prices rose 3.7% over the last year, though the rate of inflation has slowed in recent months. * Gasoline prices jumped 10.6% in August after climbing 0.2% in July, accounting for more than half the increase in the Consumer Price Index.

Persons: Joe Biden, Jonathan Ernst, Biden, Andrea Shalal, Jarrett Renshaw, Trevor Hunnicutt, Leslie Adler, Jonathan Oatis Organizations: Prince George's Community College, REUTERS, AAA, U.S . Energy Department, Biden, Strategic Petroleum Reserve, Thomson Locations: Largo , Maryland, U.S, LARGO , Maryland, United States

"It's not a $30 billion deal," Tome told CNBC's Frank Holland in an exclusive interview on Monday. Averting a crisisThe labor contract reached in July prevented a potentially widespread and disruptive work stoppage. In June, Teamsters members authorized a UPS strike during the negotiations. The union ratified the UPS contract on Aug. 25 with record turnout of 58% of members voting and a record 86% approving the deal. A 'win-win-win'After the tentative deal for the Teamsters contract was reached, Tome called it a "win-win-win" for the union, customers and the company.

Persons: Carol Tome, Donald Trump, Jonathan Ernst, Tome, CNBC's Frank Holland, We'll, We've, Weeks Organizations: Hartsfield, Jackson Atlanta International Airport, Reuters, Teamsters, UPS, Anderson Economic Locations: Atlanta , Georgia, U.S

☆ Explainer: Can Trump be disqualified from the presidency over Jan. 6?
▼ + stars: | 2023-09-12 | by ( Jack Queen | ) www.reuters.com time to read: +5 min

Some legal experts say Trump’s Jan. 6 actions disqualify him for the presidency. Some legal experts say efforts to disqualify Trump could set a troubling precedent that would empower state election officials to unilaterally disqualify candidates based on their own interpretations of "insurrection or rebellion." Others say state election officials are bound to apply it when considering candidates for the ballot and can be compelled to do so by court order. Voters and groups representing them would need to persuade secretaries of state across the 50 states - many of them elected Republicans and Trump allies - to determine Trump is disqualified or to persuade judges to bar them from putting Trump on the ballot. It would require persuading or forcing election officials to keep Trump off the ballot in states governed by his Republican allies.

Persons: Donald Trump, Joe Biden's, Trump, Jonathan Ernst, Biden, Jack Queen, Scott Malone, Howard Goller Organizations: White, Capitol, U.S . Constitution, Republican, TRUMP BE, Democratic, Trump, TRUMP, Republicans, Former U.S, South, South Dakota Republican, REUTERS, Electoral, U.S, Supreme, House Republicans, Thomson Locations: U.S ., Washington, Colorado, Trump's, South Dakota, Rapid City , South Dakota, U.S, Civil, New Mexico

☆ Trump seeks disqualification of US judge in federal election case
▼ + stars: | 2023-09-11 | by ( Andrew Goudsward | ) www.reuters.com time to read: +3 min

Former U.S. President and Republican presidential candidate Donald Trump speaks at a South Dakota Republican party rally in Rapid City, South Dakota, U.S. September 8, 2023. Trump, the front-runner for the 2024 Republican presidential nomination, said last month he planned to seek Chutkan's recusal as well as a change of venue for the case. Trump has frequently criticized Chutkan on his social media site since she was randomly assigned to preside over the election case in Washington federal court. The judge also previously warned Trump about attempting to influence potential witnesses in the case. "Presidents are not kings, and Plaintiff is not president," Chutkan wrote in that ruling.

Persons: Donald Trump, Jonathan Ernst, Tanya Chutkan, Trump, Chutkan, ” Trump, Jack Smith, Democrat Joe Biden, Barack Obama, Andrew Goudsward, Kanishka Singh, Jack Queen, Rami Ayyub, Scott Malone Organizations: U.S, Republican, South, South Dakota Republican, REUTERS, Rights, Former U.S, Trump, Capitol, Democrat, White, U.S . House, Thomson Locations: South Dakota, Rapid City , South Dakota, U.S, Former, Washington, Georgia

☆ Analysis: Here’s why many Black people despise Clarence Thomas. (It’s not because he’s a conservative.)
▼ + stars: | 2023-09-11 | by ( John Blake | ) edition.cnn.com time to read: +20 min

CNN —Long before he became a Supreme Court justice, Clarence Thomas told a story at a public gathering that still sounds shocking years later. Justice Clarence Thomas jokes with his clerks in his chambers at the Supreme Court building in Washington in 2016. AP“His entire judicial philosophy is at war with his own biography,” Michael Fletcher, co-author of “Supreme Discomfort: The Divided Soul of Clarence Thomas,”. “He’s arguably benefited from affirmative action every step of the way.”Thomas has admitted that he was accepted at Yale Law School under an affirmative action policy. Supreme Court Justice Clarence Thomas looks at the displays inside the Pin Point Heritage Museum.

Persons: CNN — Long, Clarence Thomas, Thomas, Ronald Reagan, ” Thomas, Diana Walker, Thomas ’, Emma Mae Martin, he’s, Harlan Crow, Crow, ”, Sen, Sheldon Whitehouse, Chip Somodevilla, “ fawning, Reagan, John L, Nikki Merritt, Merritt, Colin Powell, Condoleezza Rice, Roe, Wade, ” Sen, Alyssa Pointer, Anita Hill’s, Uncle Tom, Thomas “, Juan Williams, “, Armstrong Williams, ” Williams, Amul Thapar, Jonathan Ernst, ” Thomas ’, Thomas doesn’t, they’ve, Thurgood Marshall, ” Michael Fletcher, “ He’s, I’d, Critics, White, Malcolm X, Richard Burkhard, you’ve, pounced, “ Clarence Thomas, Black, ” Tori Otten, ” Otten, ” Juan Williams, Virginia “ Ginni ” Thomas, Trump’s, John Duricka, Williams, — Trump, Booker T, Washington, Marcus Garvey, Obama, ” “ We’ve, –, “ It’s, “ Thomas, Steven Ferdman, Jim Crow, Frederick Douglass, ” Clarence Thomas, nodded, ” Merritt Organizations: CNN, White House, Commission, Texas Republican, Republican, National Bar Association, Democrat, Georgia Senate, Georgia State Capitol, NAACP, Supreme, National Museum of, Thomas Others, Reuters, Yale Law School, Catholic, College of, Cross, AP, Yale, Heritage Museum, Savannah Morning, USA, The, New, Morehouse College, Fox News Channel Studios, Reagan Administration, Bettmann Locations: Storm, Texas, New York, Washington, Memphis, Georgia, handouts, Atlanta, American, America, Cincinnati, Pin, Savannah , Georgia, New Republic, Wisconsin, Arizona, Virginia, Black, China, India, Brazil, New York City

Colombian-born Kugler, whose research has focused on labor markets, is the first Latina to join the Fed Board in its 109-year history. The vote was 53-45, with a few Republicans supporting a nomination that was championed by Democratic Senator Bob Menendez. The Senate on Wednesday also confirmed Fed Governor Philip Jefferson as Fed vice chair and Fed Governor Lisa Cook to a second term. Jefferson's success as vice chair will hinge on his ability to help Powell manage that process. Reporting by Ann Saphir; Editing by Paul Simao and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Adriana Kugler, Jonathan Ernst, Kugler, Bob Menendez, Menendez, Philip Jefferson, Lisa Cook, Cook, Jerome Powell, Powell, Michael Feroli, Jefferson, she'll, Derek Tang, Tang, Ann Saphir, Paul Simao, Timothy Gardner Organizations: Federal Reserve, of Governors, Capitol, REUTERS, U.S, Senate, Bank, Fed Board, Democratic, Wednesday, Jefferson, JPMorgan, Fed, Thomson Locations: Washington , U.S, Cuban, United States, U.S

☆ Here’s why Biden can’t do much to prevent an auto strike
▼ + stars: | 2023-09-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

New York CNN —President Joe Biden may hope the United Auto Workers union will not strike the nation’s three unionized automakers. Biden doesn’t have the legal authority he would have if a freight railroad or airline was threatening to strike. Joe Biden speaks at the United Auto Workers union hall in Warren, Michigan, during the 2020 presidential campaign. And UAW President Shawn Fain vows the union is ready to strike all three if there aren’t agreements by the 11:59 pm ET contract expiration on September 14. President Joe Biden after touring the General Motors' electric vehicle assembly plant in Detroit in November 2021.

Persons: Joe Biden, Biden doesn’t, Jim Watson, Shawn Fain, Biden Fain, Biden, Jonathan Ernst, ”, Fain, Joe Biden’s, ” Biden, “, ” Fain, Biden’s, Gene Sperling, Julie Su, — Organizations: New, New York CNN, United Auto Workers, UAW, General Motors, Ford, Jeep, Dodge, Chrysler, UPS, Anderson Economic Consulting, GM, Getty, EV, Reuters, SK, White, ICE, Labor, CNN, AFL, CNBC, Teamsters, Congress Locations: New York, West Coast, Michigan, Warren , Michigan, AFP, Southern, Detroit

Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be the Federal Reserve's next vice chair, on Capitol Hill in Washington, U.S., June 21, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSept 6 (Reuters) - A broad bipartisan majority of the U.S. Senate on Wednesday voted to confirm Federal Reserve Governor Philip Jefferson as vice chair of the U.S. central bank. Senators are expected later on Wednesday to also take up the nominations of Fed Governor Lisa Cook to a new 14-year term, and of World Bank economist Adriana Kugler to fill the last open seat at the seven-member Fed Board. Jefferson and Cook joined the Fed in May 2022 and have voted for all of the Fed's rate hikes since then. Reporting by Ann Saphir; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Philip Jefferson, Jonathan Ernst, Lisa Cook, Adriana Kugler, Cook, Ann Saphir, Chizu Organizations: Federal, Capitol, REUTERS, U.S . Senate, World Bank, Fed, Jefferson, Thomson Locations: Washington , U.S, U.S

☆ US prosecutors to seek Hunter Biden indictment by Sept. 29
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - U.S. prosecutors said in a court filing on Wednesday they will seek an indictment of President Joe Biden's son, Hunter, by Sept. 29 in his tax and firearms case. "The government intends to seek the return of an indictment in this case before that date," Weiss wrote in a status report to U.S. District Judge Maryellen Noreika. In July, Noreika rejected a proposed plea deal that would have resolved the tax and gun charges, raising concerns over its legality and the scope of immunity it offered Hunter Biden. Republicans in Congress have raised the possibility of impeaching President Biden over his son's business dealings and accuse the Department of Justice of giving him a "sweetheart deal."

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Hunter, David Weiss, General Merrick Garland, Weiss, Maryellen Noreika, Noreika, Hunter Biden's, Abbe Lowell, Biden, Lowell, ”, Garland, Donald Trump, Trump, Kanishka Singh, Eric Beech, Tom Hals, Jeff Mason, Rami Ayyub, David Gregorio Our Organizations: REUTERS, Rights, U.S, District, Mr, Congress, of Justice, Attorney, District of, Republican, Thomson Locations: Wilmington , Delaware, U.S, District of Delaware

[1/3] Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be the Federal Reserve's next vice chair, on Capitol Hill in Washington, U.S., June 21, 2023. Senators also confirmed Fed Governor Lisa Cook to a fresh 14-year term at the central bank, though they did so in a 51-47 vote that broke along partisan lines. Both Jefferson and Cook have a PhD in economics and became Fed governors in May of 2022 after long careers in academia. The U.S. central bank's vice chair, whose term is four years, also traditionally serves as the Fed chief's go-to official on policy communications, underscoring key messages and clarifying potential misinterpretations. The confirmations of Jefferson, Cook and Kugler would make the board the most diverse in the central bank's more-than-100-year history.

Persons: Philip Jefferson, Jonathan Ernst, Lisa Cook, Cook, Jerome Powell, Powell, John Williams, Adriana Kugler, Jefferson, Kugler, Ann Saphir, Chizu Nomiyama, Andrea Ricci, Paul Simao Organizations: Federal, Capitol, REUTERS, U.S, Senate, Federal Reserve, Senators, Jefferson, New York Fed, World Bank, Fed, Latina, Thomson Locations: Washington , U.S, U.S

☆ Here are 3 costly financial surprises for first-time homebuyers — and how to prepare for them
▼ + stars: | 2023-09-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Jonathan Ernst | ReutersWith record-high home prices and soaring mortgage interest rates, homeownership has become increasingly unaffordable — and hidden costs can surprise first-time buyers, experts say. Here are three of the most common surprise homeownership expenses and how to prepare for each one, according to experts. Property taxesAs a first-time homebuyer, it's easy to overlook property taxes since you've never paid those levies directly. Home maintenanceThe cost of home repairs and maintenance can also be a hidden expense for first-time homebuyers. As a first-time homebuyer, you need to make sure you have a sufficient cushion for surprises — I'd argue 5% of the home's purchase price at least.

Persons: Jonathan Ernst, homeownership, Vince Darling, you've, Richard Auxier, Kevin Brady, — I'd, Nicole Sullivan Organizations: Reuters, Stonebridge, Urban, Brookings Tax, Wealthspire Advisors, Prism Planning Locations: Alexandria , Virginia, Zillow, Forest Lake , Minnesota, New York

☆ Biden boosts spending request to help pay for disasters
▼ + stars: | 2023-09-01 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

REUTERS/Jonathan Ernst Acquire Licensing RightsSept 1 (Reuters) - The Biden administration on Friday added $4 billion to a supplemental funding request to Congress to help pay for relief efforts following a string of disasters that have ravaged large swathes of the U.S. in recent weeks. U.S. President Joe Biden asked Congress in early August to approve about $40 billion in additional spending, including $24 billion for Ukraine and other international needs and $12 billion for the Federal Emergency Management Agency's disaster relief fund. The White House Office of Management and Budget (OMB) now needs $16 billion for the Disaster Relief Fund (DRF), an OMB spokesperson said, citing disasters in Hawaii, Louisiana and Florida. If no action is taken before the next fiscal year begins on Oct. 1, a range of government functions would shut down. Reporting by Jarrett Renshaw in Philadelphia; Editing by Don Durfee and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Hurricane, Jonathan Ernst, Biden, Jarrett Renshaw, Don Durfee, Christopher Cushing Organizations: Federal Emergency Management Agency, FEMA, REUTERS, Federal Emergency Management, White, Office of Management, Budget, Disaster Relief Fund, Thomson Locations: Florida, Washington , U.S, Ukraine, Hawaii , Louisiana, Philadelphia

☆ Clarence Thomas Supreme Court financial disclosure shows flights paid for by GOP megadonor
▼ + stars: | 2023-08-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

U.S. Supreme Court Justice Clarence Thomas is seen in his chambers at the U.S. Supreme Court building in Washington, U.S. June 6, 2016. Jonathan Ernst | ReutersSupreme Court Justice Clarence Thomas said Republican megadonor Harlan Crow paid for his travel expenses and meals on at least three occasions last year, according to the justice's new financial disclosure report released Thursday. Crow flew Thomas back to Dallas in May of that year for the same purpose, according to the filing. Crow also paid for Thomas' flights to and from the Adirondack Mountains by private plane over a week in mid-July 2022. Thomas' report said that the flights and "lodging, food, and entertainment at the Adirondacks property" were reported in compliance with updated guidance from the Judicial Conference of the United States.

Persons: Clarence Thomas, Jonathan Ernst, Harlan Crow, Thomas, Crow, ProPublica, Topridge Organizations: Supreme, U.S, Reuters, Republican, American Enterprise Institute ., Dallas, Judicial Conference Locations: Washington , U.S, Dallas, Adirondacks, United States

☆ US Fed ramps up demands for corrective actions by regional banks - Bloomberg News
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. Among the banks given the warnings were Citizens Financial (CFG.N), Fifth Third Bancorp (FITB.O) and M&T Bank Corp (MTB.N), the report added. The banks and the Fed did not immediately respond to Reuters' requests for comment. Banks are dealing with the aftermath of the biggest crisis to hit the sector since 2008, which saw three mid-sized lenders collapse earlier this year. Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Ernst, Banks, Manya Saini, Krishna Chandra Organizations: . Federal, REUTERS, Federal, Bloomberg, Fifth Third Bancorp, T Bank Corp, Fed, Thomson Locations: Washington, Bengaluru

He said that once implemented, the prices on negotiated drugs will decrease for up to 9 million seniors who currently pay as much as $6,497 in out-of-pocket costs per year for these prescriptions. This kicks off the negotiation process for the 10 drugs whose new prices will go into effect in 2026. U.S. laws had prohibited Medicare from negotiating pharmaceutical prices as part of its prescription drug program that began about 20 years ago. CMS Director Dr. Meena Seshamani said Medicare plans to use a review process to make sure insurance companies keep clinically appropriate access to negotiated drugs. Two analysts said they expect the negotiated prices to move beyond Medicare and affect commercial markets for these drugs by 2026, when they come into effect.

Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden’s, Januvia, Xarelto, Johnson, Boehringer Ingelheim, Eli Lilly's, Jardiance, Mohit Bansal, Entresto, Eli Lilly, Merck, Bristol Myers, Giovanni Caforio, Caforio, enrollees, Meena Seshamani, Stelara, Amgen, Evan Seigerman, Patrick Wingrove, Mike Erman, Manas Mishra, Nandita Bose, Caroline Humer, Bill Berkrot Organizations: Social Security, University of Tampa, REUTERS, U.S, Bristol Myers Squibb, Pfizer, Merck, Co's, Johnson, Novo Nordisk, NYSE Arca Pharmaceutical, U.S . Centers, Medicare, Medicaid Services, Reuters Graphics Wells, Novartis, AstraZeneca, Bristol, J, U.S . Department of Health, Human Services, BMO Capital, Thomson Locations: Tampa , Florida, U.S, Amgen's, Jardiance, Germany, Bengaluru, Washington

☆ Bond rout will amplify Powell’s Jackson Hole words
▼ + stars: | 2023-08-23 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., June 21, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters Breakingviews) - The U.S. Federal Reserve might be done hiking rates, but the bond market has only just gotten started. That poses a lofty challenge for Fed Chair Jerome Powell when he speaks at the Jackson Hole, Wyoming symposium on Friday: calm the Treasury market without undoing the Fed’s own tightening. He can reiterate that, while the Fed keeps an eye on markets, its next policy decision rests on economic data, not ever-shifting bond yields. The U.S. Federal Reserve holds its annual symposium in Jackson Hole, Wyoming from Aug. 24 to Aug. 26.

Persons: Jerome Powell, Jonathan Ernst, Freddie Mac, CreditCards.com, Powell, Powell won’t, Christine Lagarde, Francesco Guerrera, Sharon Lam Organizations: Federal, Financial, REUTERS, Rights, Reuters, U.S . Federal, Futures, Fed, Treasury, U.S . Federal Reserve, European Central Bank, Thomson Locations: Washington , U.S, Government, , Wyoming, Jackson Hole , Wyoming

☆ 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

Ex-Trump chief of staff Mark Meadows and former Acting U.S. Attorney General Matthew Whitaker are board members. The complaints come as many experts expect an uptick in challenges to corporate diversity programs following a U.S. Supreme Court ruling in June that prohibited race-conscious college admissions policies. “There certainly is a deep psychological effect that is putting the brakes on the forward movement of diversity in the workplace,” Rossein said. America First has also filed lawsuits accusing Target Corp and Progressive Insurance of breaching their duties to shareholders by adopting diversity programs and progressive marketing campaigns, for instance celebrating LGBTQ Pride Month. Commissioner Andrea Lucas, a Trump appointee, filed a dozen charges last year, more than any of her colleagues.

Persons: Trump, Stephen Miller, Donald Trump's Mar, Jonathan Ernst, Activision's, Kellogg, Morgan Stanley, Donald Trump, Mark Meadows, Matthew Whitaker, Rick Rossein, ” Rossein, Hershey, Andrea Lucas, Lucas, Gene Hamilton, Daniel Wiessner, Alexia Garamfalvi, Daniel Wallis Organizations: REUTERS, Activision Blizzard Inc, Kellogg, U.S, Opportunity Commission, America, Starbucks Corp, McDonald's Corp, Anheuser, Busch Companies, Hershey Co, Republican, Trump, Supreme, City University of New York School of Law, Target Corp, Progressive Insurance, Activision, Democratic, Thomson Locations: Lago, Palm Beach , Florida, U.S, America, Albany , New York

"What we have seen over the last couple of months is a breathtaking kind of diplomacy, that has been led by courageous leaders in both Japan and South Korea," said Kurt Campbell, Biden's coordinator for Indo-Pacific affairs. CHINA VIEWS SUMMIT WARILYNo specific action by the trio in Camp David is expected to sharply increase tensions with China, though Beijing has warned that U.S. efforts to strengthen ties with South Korea and Japan could "increase tension and confrontation in the region." While South Korea, Japan and the United States want to avoid provoking Beijing, China believes Washington is trying to isolate it diplomatically and encircle it militarily. South Korea has legislative elections next year and Japan must hold one before October 2025, and what analysts see as a still fragile rapprochement between the two nations remains controversial among the countries' voters. The White House, conscious of the electoral clock, wants to make the progress between South Korea and Japan hard to reverse, including by establishing routine cooperation on military exercises, ballistic missile defense, the economy, and scientific and technological research.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Jonathan Ernst, David, Joe Biden's, Biden, Yoon Suk Yeol, Kurt Campbell, Campbell, Camp David, Donald Trump, Trevor Hunnicutt, David Brunnstrom, Andrea Shalal, Don Durfee, Grant McCool Organizations: Japan’s, Grand Prince Hotel, REUTERS, U.S, South, Biden, Republican, Thomson Locations: Hiroshima, Japan, HAGERSTOWN , Maryland, United States, South Korea, U.S, Seoul, Tokyo, Korean, CHINA, China, Beijing, Washington, North Korea, Russia, South China, Philippines, Philippine, Hagerstown , Maryland

☆ US House panel subpoenas FBI's Wray, DOJ's Garland in social media probe
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: 1 min

[1/2] FBI Director Christopher Wray testifies before a House Judiciary Committee hearing on "oversight of the Federal Bureau of Investigation" and alleged politicization of law enforcement, on Capitol Hill in Washington, U.S., July 12, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Aug 17 (Reuters) - The U.S. House Judiciary Committee said on Thursday it had issued subpoenas to FBI Director Christopher Wray and Attorney General Merrick Garland related to the panel's investigation of allegations of online censorship. Reporting by Eric Beech; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Christopher Wray, Jonathan Ernst, General Merrick Garland, Eric Beech, Rami Ayyub Organizations: Federal Bureau of, Capitol, REUTERS, Rights, U.S . House, Thomson Locations: Washington , U.S

☆ 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

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