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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.
Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Scott, 57, has launched a presidential exploratory committee but not yet confirmed he plans to run. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. She ran as a Democrat in the 2020 presidential primary but dropped out of the race before any votes had been cast. She launched her latest campaign on March 23, saying she wants to challenge Biden in the Democratic nominating race.
April 24 (Reuters) - Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role. A third person said the senior executive producer of "Tucker Carlson Tonight", Justin Wells, was also let go from Fox News on Monday. After the announcement of Carlson's departure from Fox News, a spokesperson for former President Donald Trump tweeted: "Fox News is controlled opposition." "I stand with Tucker Carlson!" Carlson joined Fox News as a contributor in 2009 and became a co-host of "Fox & Friends Weekend" in 2012.
US House to vote on Republican debt limit bill this week
  + stars: | 2023-04-23 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, April 23 (Reuters) - Republican U.S. House of Representatives Speaker Kevin McCarthy said on Sunday the House would hold a vote in the coming week on his spending and debt bill, adding he was confident he had the votes to pass the bill. Reporting by Kanishka Singh in Washington; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Here is a look at major efforts and, in some cases, their impact on specific industries. In addition, legislation pending in states, including Texas and Florida, aims to limit the consideration of ESG factors by pension funds, which could cut off fund firms from public contracts. Top fund firms such as BlackRock Inc (BLK.N) and State Street Corp (STT.N) - both NZAM members - have said their ESG efforts only support clients concerns, for instance the view that climate change poses investment risks. Several of the bills have been passed into law in states including Mississippi and West Virginia. Republicans failed to gain control of the U.S. Senate in elections held Nov. 8, however, limiting their investigative powers.
[1/2] Julie Su speaks at a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. She needs at least 50 votes in a Senate where Democrats have a slim 51-49 majority. Industry groups that represent companies employing gig labor have launched an aggressive campaign to oppose her nomination. Cassidy also accused her of eliminating independent contracting during her tenure as Biden's deputy secretary of labor. It is not a given that all Senate Democrats will support Su.
Morning Bid: Oil price relapse
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +4 min
Although oil prices have not yet reversed all their gains from OPEC move, Brent is down more than 5% over the past week and the year-on-year deflation in oil prices is running at 24%. And there's also signs oil loading from Russia's western ports this month is rising to the highest since 2019 -= despite Moscow's pledge to cut output. Tesla (TSLA.O) shares dropped 2% after the electric-vehicle maker's sixth U.S. price cut this year. Helped by the oil price retreat, 2-year U.S. Treasury yields fell back almost 10 basis points to 4.19%. VIX and bear marketsShare price performance, earnings and sales for TeslaReuters GraphicsReuters GraphicsBy Mike Dolan, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.
Failure to raise the debt ceiling would lead to default that would shake the U.S. and world economies. McCarthy said the package would lower spending by $4.5 trillion over the coming 10 years. Biden reiterated his position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under his Republican predecessor, Donald Trump. POTENTIAL CONSEQUENCESThe nonpartisan Committee for a Responsible Federal Budget praised McCarthy's plan as a "realistic and extremely welcome first step." A lengthy 2011 standoff over the debt ceiling led to a first-ever downgrade of the federal government's credit rating, which rattled markets and raised borrowing costs.
McCarthy said they would serve as the basis for negotiations between the two parties over raising the $31.4 trillion debt limit in the coming months. The White House reiterated its position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump. At an appearance outside Washington, Biden said Republicans were threatening to push the United States into a historic default that would shake the world economy. McCarthy leads a fractious caucus that includes a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. So far House Republicans have not produced a budget plan of their own, a move that Biden contends would be a necessary starting point for negotiations on spending.
McCarthy eyes $1.5 trln lift of US debt ceiling
  + stars: | 2023-04-19 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsMcCarthy eyes $1.5 trln lift of US debt ceilingPostedRepublican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation's debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing. This report produced by Freddie Joyner.
Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away. In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.
Jordan, chairman of the House Judiciary Committee and an ally of fellow Republican Trump, made the request to U.S. District Judge Mary Kay Vyskocil two days before she is due to hold a hearing in the case in federal court in Manhattan. In a separate filing, Pomerantz urged Vyskocil to block the subpoena and said he played no role in Bragg's decision to charge Trump. Trump, who is seeking the Republican nomination for the presidency in 2024, has denied the liaison took place. Bragg has accused Jordan of impeding New York's "sovereign authority" and interfering in an ongoing criminal case. "Such legislation could help protect current and former presidents from potentially politically motivated prosecutions," Jordan's lawyers wrote in court papers.
Bragg called the subpoena part of a "campaign of intimidation" by Trump's congressional allies in response to the first-ever criminal charges against a U.S. president. Trump is seeking the Republican nomination for the presidency in 2024. Jordan has said Bragg's charges against Trump demonstrated the need to evaluate Congress' provision of federal funds to local prosecutors. Bragg has accused Republican congressmen of trying to impede New York's "sovereign authority" and interfere in an ongoing criminal case. U.S. District Judge Mary Kay Vyskocil is set to hold a hearing in the case on Wednesday in federal court in Manhattan.
WASHINGTON, April 17 (Reuters) - Republican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday. McCarthy leads a fractious caucus that holds a narrow 222-213 majority, including a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. LIST OF OPTIONSRepublicans have been discussing spending cuts for programs ranging from homeland security and law enforcement to health, education and environmental initiatives. House Republicans are also mulling reforms to the debt ceiling, which has utterly failed at its intended purpose of restraining U.S. budget deficits. House Republicans now say they are looking at indexing the limit to gross domestic product.
Senator Tim Scott launched a presidential exploratory committee on Wednesday, taking a key step toward running for president in 2024 and challenging former President Donald Trump for the party's nomination. Scott, 57, on Wednesday will visit Iowa, the lead-off state in the Republican presidential nominating process, before heading to New Hampshire on Thursday and his home state of South Carolina on Friday. Former South Carolina Governor Nikki Haley and activist investor Vivek Ramaswamy have formally launched campaigns seeking the Republican 2024 nomination. Florida Governor Ron DeSantis and former Vice President Mike Pence are also expected to run, though neither have announced their candidacy. Reporting by Gram Slattery; Kanishka Singh and Susan heavey; Editing by Scott Malone, Gerry Doyle and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
An image appearing to show a tweet from Republican U.S. Representative Lauren Boebert about people being charged for crimes in the same way as former President Donald Trump originated from a Twitter parody account but has misled some users online. The fabricated tweet, dated March 9, 2023, reads: “If they charge President Trump for his crimes, they could charge any of us for our crimes. However, no such tweet can be seen on Boebert’s official Twitter account (twitter.com/laurenboebert), or in archived versions of the account on March 10 (here) and March 11 (here) . The fake screenshot, which clearly states “Parody by Rub” next to the timestamp on the bottom right, appears to have originated from a satirical account, @FaithRubPol ((here), whose account biography also states: “Most of our screenshots are parodies” (twitter.com/FaithRubPol). The fabricated tweet image originated from a parody account, not Lauren Boebert.
Senator Tim Scott plans to launch a presidential exploratory committee on Wednesday, two sources with knowledge of the matter said, a key step toward running for president in 2024. On Wednesday, Scott will be in Iowa, the lead-off state in the Republican presidential nominating process. Scott often called out Trump during his presidency over racially charged comments and blocked several of his judicial nominees for such reasons. Scott garners no more than 2% support in almost all polls, though supporters argue that will change as he becomes a better-known national figure. Reporting by Gram Slattery and Kanishka Singh; Editing by Scott Malone and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Senator Tim Scott plans to launch a presidential exploratory committee on Wednesday, a key step toward running for president in 2024, The Post and Courier newspaper in South Carolina reported late on Tuesday, citing sources. On Wednesday, Scott will be in Iowa, the lead-off state in the Republican presidential nominating process. He will then travel to New Hampshire on Thursday before coming back to his home state of South Carolina on Friday ahead of a local summit in Charleston, the newspaper said. Scott often called out Trump during his presidency over racially charged comments and blocked several of his judicial nominees for such reasons. Republicans who have formally launched campaigns for the party's 2024 nomination include former South Carolina Governor Nikki Haley, activist investor Vivek Ramaswamy and former Arkansas Governor Asa Hutchinson.
[1/2] U.S. Rep. Jim Jordan (R-OH) is asked questions by a journalist as he walks to the House Chamber at the U.S. Capitol building in Washington, U.S., January 25, 2023. REUTERS/Leah MillisNEW YORK, April 11 (Reuters) - Manhattan District Attorney Alvin Bragg on Tuesday sued Republican U.S. Representative Jim Jordan to stop what Bragg called an "unconstitutional attack" on the ongoing criminal prosecution of former President Donald Trump in New York. The lawsuit aims to block a subpoena of Mark Pomerantz, a former prosecutor who had led the Manhattan district attorney's investigation of Trump. The subpoena, issued last week by the House of Representatives Judiciary Committee, which Jordan chairs, seeks Pomerantz's appearance before the committee for a deposition. Reporting by Luc Cohen in New York and Kanishka Singh in Washington; editing by Doina Chiacu and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
[1/3] Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley arrives for a campaign event in Dover, New Hampshire, U.S., March 27, 2023. REUTERS/Brian Snyder/File PhotoWASHINGTON, April 5 (Reuters) - Republican U.S. presidential candidate Nikki Haley has raised more than $11 million since declaring her candidacy in February, her campaign said on Wednesday, a significant sum that could help her expand her support in the coming months. It noted that Haley's fundraising figure exceeded the $9.5 million raised by rival Donald Trump in the fourth quarter of 2022, when he declared his candidacy for the 2024 Republican presidential nomination. "That's a very solid number and a testament to what a strong launch she had," Alex Conant, a Republican strategist, said of Haley's fundraising numbers.
REUTERS/Jeenah MoonApril 3 (Reuters) - New York City Mayor Eric Adams addressed Donald Trump supporters directly Monday, saying city authorities would not hesitate to arrest and charge anyone who breaks the law in protest over the former president's upcoming arraignment on state charges. Trump was heading to New York on Monday and was due to surrender to prosecutors in Manhattan on Tuesday. Adams warned Trump supporters against turning to violence on Tuesday, saying the city was "not a playground for ... misplaced anger." While you're in town, be on your best behavior," said the Democratic mayor. The actress has said she was paid to keep silent about a sexual encounter she had with Trump in 2006.
The specific charges are not yet known and the indictment will likely be announced in the coming days, the New York Times reported. Below is reaction to news of the indictment:FORMER REPUBLICAN REPRESENTATIVE ADAM KINZINGER: "Today is a somber day for our nation. Donald Trump committed many crimes, but this indictment should be a reminder that in America, NO ONE is above the law. DEMOCRATIC U.S. REPRESENTATIVE ADAM SCHIFF ON TWITTER: "The indictment of a former president is unprecedented. SENATOR TED CRUZ ON TWITTER: "The Democrat Party’s hatred for Donald Trump knows no bounds.
[1/2] The White House is seen from the top of the Washington Monument April 3, 2003. REUTERS/Molly RileyWASHINGTON, March 29 (Reuters) - The White House made an emotional plea on Wednesday for Republican action to curb mass shootings, criticizing conservative lawmakers for saying nothing can be done after the nation's latest high-profile mass shooting at a school in Tennessee this week. "It's unacceptable that Republicans are saying there is nothing that we can do," White House spokesperson Karine Jean-Pierre told reporters at a briefing on Wednesday. He told reporters this week he has done what he could through executive action but needs Congress to step up. Senator Marsha Blackburn of Tennessee, who has often been a harsh critic of his administration, according to the White House.
In a letter to Biden, McCarthy proposed scaling back domestic spending, clawing back unspent COVID-19 relief funds and other changes that he said would save trillions of dollars. But his Republicans have not yet produced a budget plan of their own and could be weeks or months away from doing so. Biden, a Democrat, has insisted that Republicans who control the House instead raise the $31.4 trillion debt ceiling without conditions and produce a fiscal 2024 spending plan before he will engage in talks about spending. Republicans have sought to blame Biden, but only Congress has the authority to raise the debt ceiling. "The only thing missing is a real plan," Democratic Senate Majority Leader Chuck Schumer said in a floor speech.
WASHINGTON, March 24 (Reuters) - Democratic and Republican U.S. senators urged the Biden administration on Friday to share information with the International Criminal Court that could assist as it pursues war crimes charges against Russian President Vladimir Putin. Last week, the court issued an arrest warrant for Putin, accusing him of the war crime of illegally deporting hundreds of children from Ukraine. The legal move will obligate the court's 123 member states to arrest Putin and transfer him to The Hague for trial if he sets foot on their territory. Although the United States is not a party to the ICC, Biden said last week that Putin has clearly committed war crimes, adding that the ICC warrant was justified. Reporting by Patricia Zengerle; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
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