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☆ California Rep. Ro Khanna passes on Senate run and backs liberal icon Barbara Lee over Reps. Katie Porter and Adam Schiff: 'She stood up so strongly against the war in Iraq'
▼ + stars: | 2023-03-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ro Khanna on Sunday announced that he's backing Rep. Barbara Lee in the 2024 California Senate race. The progressive congressman is endorsing Lee over fellow Democratic Reps. Katie Porter and Adam Schiff. Khanna during his announcement said that Lee would bring a "unique voice" to the upper chamber. Rep. Barbara Lee of California. Scott Applewhite, File"Barbara Lee is a unique voice," Khanna said.

☆ Dems push to investigate Goldman's role in Silicon Valley Bank
▼ + stars: | 2023-03-20 | 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 EmailDems push to investigate Goldman's role in Silicon Valley BankRep. Adam Schiff (D-Calif.) joins CNBC’s Brian Sullivan and ‘Last Call’ to discuss whether Goldman Sachs played a role in the collapse of Silicon Valley Bank.

Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank, people with knowledge of the matter said on Friday. Swiss regulators are encouraging UBS and Credit Suisse to merge but neither bank wanted to do so, one source said. The boards of UBS and Credit Suisse were expected to separately meet over the weekend, the Financial Times said,Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment. Efforts to shore up Credit Suisse come as policymakers including the European Central Bank and U.S. President Joe Biden sought to reassure investors and depositors the global banking system is safe.

A source with knowledge of the matter said that Swiss regulators are encouraging UBS and Credit Suisse to merge, but that both banks do not want to do so. Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment on the report. "Credit Suisse is a very special case," said Frédérique Carrier, head of investment strategy at RBC Wealth Management. The supervisors were told deposits were stable across the euro zone and exposure to Credit Suisse was immaterial, a source familiar with the meeting's content told Reuters.

☆ Democratic lawmakers urge US to probe Goldman's role in SVB collapse
▼ + stars: | 2023-03-17 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

"(We) wish to raise our concerns over the role of Goldman Sachs Group in advising SVB and in the purchase of its bond portfolio," the letter said. Californian regulators shuttered Silicon Valley Bank last Friday and appointed FDIC as receiver. U.S. prosecutors are investigating the SVB collapse, a source familiar with the matter told Reuters this week. Goldman Sachs did not immediately respond to a request for comment on the letter by lawmakers. Financial stocks have lost over billions of dollars in value since Silicon Valley Bank and Signature Bank (SBNY.O) collapsed last week.

☆ Hunter Biden sues laptop repair shop owner for exposing his personal life in an 'egregious violation' of his privacy
▼ + stars: | 2023-03-17 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Hunter Biden sued a Delaware laptop repair shop owner over distributing his data to the public. Biden claims that the owner violated his privacy rights by exposing his personal life. The New York Post first reported on Biden's laptop weeks before the 2020 election. "The object of invading Mr. Biden's privacy and disseminating his data was not for any legitimate purpose but to cause harm and embarrassment to Mr. Biden," the claim continues. Biden's lawyers are also seeking depositions from Giuliani, Bannon, and others alleged to possess copies of his laptop data.

The Alzheimer's Association and the pharmaceutical industry say the drug companies are not directly involved in the campaign. But the Alzheimer's Association says patients simply don't have the time to spare. The agency did not address the Alzheimer's Association campaign. Association members have met 30 times with staffers for the state's 20 members of Congress, Ryan Schiff, the chapter's public policy manager, said. Spokespeople for all three companies said they do not work with the Association on its campaign to expand Medicare coverage of the drugs.

☆ Bill Ackman says U.S. did the 'right thing' in protecting SVB depositors. Not everyone agrees
▼ + stars: | 2023-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Billionaire investor Bill Ackman said the U.S. government's action to protect depositors after the implosion of Silicon Valley Bank is "not a bailout" and helps restore confidence in the banking system. In his latest tweet on SVB's collapse, the hedge fund investor said the U.S. government did the "right thing." "Importantly, our gov't has sent a message that depositors can trust the banking system." Ackman's comments came after banking regulators announced plans over the weekend to backstop depositors with money at Silicon Valley Bank, which was shut down on Friday after a bank run. He explained in another tweet: "The bailout means depositors will put their money in the riskiest banks and get paid higher interest, as there's no downside risk."

☆ Ben Savage of 'Boy Meets World' launches bid to replace Adam Schiff in Congress
▼ + stars: | 2023-03-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Ben Savage speaks onstage at the Boy Meets World 25th Anniversary Reunion panel during New York Comic Con 2018 at Jacob K. Javits Convention Center on October 5, 2018 in New York City. Savage, 42, filed paperwork in January with the Federal Election Commission to run in the 30th Congressional District as a Democrat. The district Savage seeks covers a chunk of LA that includes Hollywood, Burbank and Glendale and is home to major players in the entertainment industry such as Disney Studios and ABC Studios. The biography on Savage's campaign website touches on his experiences in the entertainment industry as a child actor, though it does not specifically mention "Boy Meets World," the show that made him a household name for a generation of Americans. Savage is the younger brother of Fred Savage, who starred in another coming-of-age TV series, "The Wonder Years."

☆ Former 'Boy Meets World' star Ben Savage to run for U.S. Congress
▼ + stars: | 2023-03-07 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

WASHINGTON, March 7 (Reuters) - Ben Savage, who starred in the 1990s sitcom "Boy Meets World," is running for U.S. Congress in a Los Angeles-area district, aiming at a seat being vacated by Representative Adam Schiff, who is now running for Senate. "I'm running for Congress because it's time to restore faith in government by offering reasonable, innovative and compassionate solutions to our country's most pressing issues," Savage, 42, said in an Instagram post announcing his campaign. Savage graduated from Stanford University with a degree in political science. In November's midterm elections Schiff won with 71% of the vote against a fellow Democrat, thanks to California's open primary system in which the top two candidates regardless of party affiliation advance to the general election. Reporting by Moira Warburton in Washington; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Democratic Rep. Judy Chu, the first Chinese American woman elected to Congress, blasts a Texas GOP congressman after he questioned her loyalty to the US: 'It is racist'
▼ + stars: | 2023-02-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Judy Chu criticized Lance Gooden after he seemingly questioned her "loyalty" to the US on Fox News. "I think she has drug along the other Chinese American members to sign this letter. I very much doubt that he would be spreading these lies were I not of Chinese American descent." "Lance Gooden's slanderous accusation of disloyalty against Rep. Chu is dangerous, unconscionable and xenophobic," Jeffries said in a statement. Rep. Gooden accused Democrats of bringing up race after his criticism of Rep. Chu.

☆ Democratic Rep. Barbara Lee launches bid for California Senate seat held by retiring Sen. Dianne Feinstein, joining crowded primary
▼ + stars: | 2023-02-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Rep. Barbara Lee, D-Calif., announced Tuesday she will join the competitive 2024 Democratic race for the Senate seat held by retiring Sen. Dianne Feinstein. "Californians deserve a strong, progressive leader who has delivered real change," Lee, 76, said in a social media post unveiling her long-rumored campaign for the coveted seat. Lee's announcement makes her the third major Democratic candidate in the running for the seat that the 89-year-old Feinstein has held since 1992. If elected in 2024, Lee would become the only Black woman serving in the U.S. Senate. "When my high school said cheerleaders couldn't be Black, I took them on," Lee said.

☆ Trailblazing U.S. Senator Dianne Feinstein will not seek re-election
▼ + stars: | 2023-02-15 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

Senator Dianne Feinstein, a trailblazer for women in American politics, announced on Tuesday that she will not seek re-election in 2024, clearing the path for a hotly contested race for her seat among California Democrats. I can honestly say that Dianne Feinstein is one of the very best," Democratic President Joe Biden said on Tuesday night, noting their time serving together on the Senate Judiciary Committee. Senator Diane Feinstein (D-CA), who announced she will not be seeking re-election, leaves the Senate floor after a vote on Capitol Hill in Washington, U.S., February 14, 2023. Feinstein "was a tough woman on the front lines in fights like access to assault weapons and national security and intelligence," Democratic Senator Elizabeth Warren told reporters on Tuesday. "Every other woman in public office owes a special debt to Dianne Feinstein."

☆ Baffled Dianne Feinstein walks out of Senate chamber wondering what just happened: 'Did I vote for that?'
▼ + stars: | 2023-02-15 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Dianne Feinstein didn't seem to know what took place on the Senate floor Wednesday morning. The latest flash of apparent confusion comes as Feinstein plans to serve out her term through 2024. Feinstein voted to invoke cloture on judge Ana C. Reyes to serve on the United States District Court for the District of Columbia. Her looming retirement seemed to catch the decades-long politician off guard, causing Feinstein and her staff to clash over her career plans. "I don't even know what that is," Feinstein told staff last fall on her way through the Senate subway.

☆ 89-year-old Dianne Feinstein won't seek re-election in 2024 as Democrats launch bids for her seat
▼ + stars: | 2023-02-14 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Sen. Dianne Feinstein of California won't seek reelection in 2024. Feinstein, 89, is the oldest senator and longest-serving senator of California. The path is now cleared for California Senate hopefuls to fight for the open seat held by Feinstein since 1992. With a storied political career spanning five decades, Feinstein has broken records as the longest-serving senator of California and the longest-serving female senator in history. Before the Senate, Feinstein was mayor of San Francisco for a decade, and a member of the San Francisco Board of Supervisors prior to that.

☆ Longtime U.S. Senator Dianne Feinstein announces she will not seek re-election
▼ + stars: | 2023-02-14 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senator Dianne Feinstein announced on Tuesday that she will not seek re-election at the end of her term in 2024, clearing the path for a hotly contested race among California Democrats for her seat. Feinstein, who was first elected in 1992, has faced years of pressure to resign given that she is the oldest member of Congress at 89. However she declined to seek election for the position, months after Senate Majority Leader Chuck Schumer, a fellow Democrat, declined to say whether he had confidence in her ability to serve. Several Democrats had already announced or hinted at runs even before her announcement, including Representatives Katie Porter and Adam Schiff. Feinstein is a trailblazer in U.S. politics: the first woman to serve as mayor of San Francisco, first woman to serve on the Senate Judiciary Committee and now the longest-serving female senator.

☆ Dianne Feinstein won't run in 2024, opening up a California Senate seat
▼ + stars: | 2023-02-14 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Sen. Dianne Feinstein of California announced Tuesday that she will retire at the end of her current term, setting up a major Democratic competition for her coveted seat. "Even with a divided Congress, we can still pass bills that will improve lives," Feinstein said in a statement. The fight for the open Senate seat in the powerful, reliably blue state of California promises to be one of the most competitive — and expensive — races of the 2024 election cycle. While Feinstein's announcement officially puts her seat in play for the 2024 election cycle, multiple California Democrats had already launched Senate campaigns weeks earlier. More California Democrats, including Reps. Barbara Lee and Ro Khanna, are expected to announce their Senate campaign plans soon.

☆ Kevin McCarthy is working tirelessly and spending a lot of his political capital to win fights that don't actually matter.
▼ + stars: | 2023-02-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Kevin McCarthy rallied GOP lawmakers to oust Ilhan Omar from the House Foreign Affairs Committee. But taking Omar off the Foreign Affairs panel took a good deal more effort on his part. The Omar vote was seen as a huge victory for the party, especially coming off McCarthy's protracted 15 rounds of balloting to secure the House speakership. Republicans led a successful effort to remove Rep. Ilhan Omar of Minnesota from the House Foreign Affairs Committee. While Republican leaders were pleased with the outcome, the behind-the-scenes work to push through a successful vote against Omar took up a lot of political oxygen.

☆ Nancy Pelosi Backs Adam Schiff in California Senate Race
▼ + stars: | 2023-02-02 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

WASHINGTON—Rep. Adam Schiff drew a high-profile endorsement in his bid for a California U.S. Senate seat, with former House Speaker Nancy Pelosi saying she would support him if current Sen. Dianne Feinstein opts not to run for re-election in 2024. The endorsement from the fellow California lawmaker gives Mr. Schiff, 62 years old, a boost in what is expected to be a crowded and expensive race against other Democratic hopefuls. Mr. Schiff has been a close ally of Mrs. Pelosi, who quit the leadership after the Democrats lost control of the chamber but remains an influential figure in the House and a powerful fundraiser in the party.

☆ Pelosi backs Schiff in California Senate race
▼ + stars: | 2023-02-02 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +1 min

Former Speaker Nancy Pelosi announced Thursday she is backing Democratic Rep. Adam Schiff in California's Senate race — if Democratic Sen. Dianne Feinstein decides not to run for re-election. But that hasn't stopped other Democrats, including Schiff and Rep. Katie Porter, from jumping into the race. Schiff has been a staunch Pelosi ally, and the former speaker tapped him to lead the team managing former President Donald Trump's first impeachment. And Schiff and Porter may not be the only House members who decide to run for Senate. Schiff responded to the endorsement, writing on Twitter that Pelosi "has been a friend and mentor throughout my time in Congress."

WASHINGTON, Feb 2 (Reuters) - U.S. House of Representatives Republicans on Thursday ousted Democrat Ilhan Omar from a high-profile committee over remarks widely condemned as antisemitic, two years after Democrats removed two Republicans from committee assignments. The deeply divided House voted 218-211 along party lines to remove Omar from the Foreign Affairs Committee with Republicans citing the 2019 remarks for which she later apologized. She was in line to be the top Democrat on the foreign affairs panel's Africa subcommittee. [1/6] U.S. Rep. Ilhan Omar (D-MN) walks to her office after being ousted by the Republican-lead House of Representatives to serve on the Foreign Affairs Committee, on Capitol Hill in Washington, U.S., February 2, 2023. McCarthy previously rejected assignments of Democrats Adam Schiff and Eric Swalwell to the House Permanent Select Committee on Intelligence.

☆ Nancy Pelosi endorses Adam Schiff in California Senate race if Sen. Dianne Feinstein doesn't run
▼ + stars: | 2023-02-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former House Speaker Rep. Nancy Pelosi endorsed fellow California Democratic Rep. Adam Schiff on Thursday in the already-competitive 2024 Senate race for the seat currently held by Dianne Feinstein. The endorsement comes one week after Schiff, the former chairman of the House Intelligence Committee, launched his bid for Feinstein's coveted Senate seat. That's why I'm running for the U.S. Senate," Schiff said in a campaign-launch video. Schiff was not the first Democrat to jump into the race for Feinstein's seat. Democratic Rep. Katie Porter announced Jan. 10 that she will run for Senate in California, snagging the endorsement of Sen. Elizabeth Warren, D-Mass.

☆ Elon Musk scheduled meetings with many Republicans but no Democrats on his visit to US Capitol, report says
▼ + stars: | 2023-02-02 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk missed Democrats off his meeting agenda when visiting the US Capitol, per Politico. Musk said he met with the Dem House leader but reports say this wasn't a scheduled meeting. Rep. Jan Schakowsky told Politico it was "seriously a mistake" and he should go back to explain why. Following Musk's visit, McCarthy told reporters: "He came to wish me a happy birthday," Bloomberg reported at the time. Democrats told Politico they were unimpressed at Musk arranging meetings only with conservatives.

☆ Dianne Feinstein's 2024 Senate campaign raised just $558.91 at the end of last year. It may be the clearest sign yet that she won't seek re-election.
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Sen. Dianne Feinstein raised less than $600 at the end of 2022, according to new campaign filings. Feinstein, who is the longest-serving Democratic senator and would be 91 on election day in 2024, has declined to say whether she will seek re-election next year. But altogether, her campaign — conspicuously named "Feinstein for Senate 2024" — reported having just $9,968.56 in cash on hand. For comparison, Feinstein raised over $16 million for her 2018 race against fellow Democrat Kevin De Leon. Last year, Senate Majority Leader Chuck Schumer publicly declined to say whether he was confident in the California Democrat's ability to serve.

☆ CBS News pressed House Speaker Kevin McCarthy about Rep. George Santos' credibility, but he clashed with the reporter and sidestepped the question by talking about how 'Congress is broken'
▼ + stars: | 2023-01-29 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

House Speaker Kevin McCarthy avoided specific questions about Rep. George Santos on CBS News on Sunday. McCarthy granted Santos two committee seats, despite Santos being caught in lies about his work and life history. "I'm asking you about George Santos," Brennan said. Congress is broken based upon what has transpired in the last Congress," McCarthy said, detailing how the Capitol was closed and representatives voted by proxy, a practice which McCarthy has vocally opposed. "I wasn't finished answering the question," McCarthy said with a smile, continuing his monologue on how Congress works.

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