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☆ What’s in Kevin McCarthy’s Deal With Conservatives
▼ + stars: | 2023-01-09 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

WASHINGTON—Rep. Kevin McCarthy ‘s election early Saturday morning to the House speaker role came after 14 unsuccessful ballots—and a lot of negotiating with roughly 20 Republican opponents. To win them over, the Californian made several concessions, some of which could have a real impact on how he does his job and how Congress functions, while others could end up being more symbolic or short lived. The full list of concessions hasn’t been released publicly and may never be, with some details still to be worked out, but here is what we know so far.

☆ Rep. Dan Crenshaw apologizes for calling anti-McCarthy GOP colleagues 'terrorists': 'Things get heated and things get said'
▼ + stars: | 2023-01-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Dan Crenshaw on Sunday walked back earlier comments where he called anti-McCarthy Republicans "terrorists." On CNN's "State of the Union," Crenshaw said he wanted to "sincerely apologize" to his colleagues. "I don't want them to think I actually believe they're terrorists," he told host Jake Tapper. "Things get heated and things get said," Crenshaw said. I don't want them to think I actually believe they're terrorists.

☆ The House speaker battle showed a 'schism within a schism' in the GOP as MTG and Matt Gaetz were on opposite sides and even a plea from Trump couldn't sway some of his biggest supporters
▼ + stars: | 2023-01-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Kevin McCarthy was elected speaker on Friday night after a week of disarray and 15 rounds of voting. Thanks to the events of the past week, McCarthy may struggle to manage the slim GOP majority. "It's a schism within a schism," Kevin Kosar, a senior fellow at the American Enterprise Institute who studies Congress and US politics, told Insider. But during the House speaker battle this week, some of them found themselves on opposites sides, even after their would-be leader, Trump, took a stance. With new divisions and animosities on display after the House speaker battle, it's unclear how effectively McCarthy will be able to do just that.

☆ Trump exalts himself over Kevin McCarthy's elevation to House speaker: 'I did our Country a big favor!'
▼ + stars: | 2023-01-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Trump on Saturday took to Truth Social to pat himself on the back for McCarthy's speakership win. "I greatly helped Kevin McCarthy attain the position of Speaker of the House," he wrote. After 15 rounds of balloting, McCarthy was selected by the House as its speaker in a 216-212 vote. "The Fake News Media was, believe it or not, very gracious in their reporting that I greatly helped Kevin McCarthy attain the position of Speaker of the House," he wrote. McCarthy has long allied himself with Trump, and backtracked in his criticism of the former president after the Capitol riot on January 6, 2021.

☆ House Minority Leader Hakeem Jeffries says Democrats will offer 'maturity over Mar-a-Lago' — a dig at Trump's influence over the GOP
▼ + stars: | 2023-01-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Jeffries on Saturday gave an A-Z explainer on how he felt House Democrats would differ from the GOP. The new Democratic leader contrasted the two parties before handing the speaker's gavel to McCarthy. "House Democrats will always put American values over autocracy," Jeffries said in kicking off his speech. Not as Democrats, not as Republicans, not as Independents, but as Americans," he said. But McCarthy still elicits distrust from several conservative lawmakers within the party, making those members highly consequential in such a narrowly-controlled Congress.

☆ Kevin McCarthy elected speaker of the House, ending days of Republican chaos and division in Washington
▼ + stars: | 2023-01-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy finally realized his goal and was elected speaker of the House. McCarthy was elected after days of failure amid the most chaotic speaker election in over a century. McCarthy clinched the speaker's gavel after 15 ballots and in the wee hours of the fifth day of voting. House GOP leaders then scrambled to delay future votes until Monday before abruptly reversing and forcing an immediate 15th vote. He'll also have to grapple with a Democratic-controlled Senate and White House, which will certainly block many conservative priorities.

☆ McCarthy's dream job could become a nightmare
▼ + stars: | 2023-01-07 | by ( David Morgan | ) www.reuters.com time to read: +6 min

But that role could turn into a nightmare because it requires leading a caucus that strongly rejects leadership. He told reporters on Friday night that he would be a more effective leader because of the drawn-out process. So now we'll be able to get the job done," McCarthy said. The Congressional Leadership Fund, a group tied to him, contributed more than $160 million to help Republican House candidates. McCarthy sent candidates $6.5 million from his own campaign and four other entities under his control, according to his campaign team.

☆ GOP Rep. Matt Gaetz on his decision to vote 'present' in the final House speaker roll call vote despite his opposition to McCarthy: 'I ran out of things I could even imagine to ask for'
▼ + stars: | 2023-01-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Matt Gaetz was one of the last holdouts in backing challengers to Kevin McCarthy's speakership bid. Gaetz told CNN that he "ran out of things" to ask for by the end of the public leadership fight. However, by the 14th ballot — when the vast majority of the conservative holdouts had finally moved behind McCarthy — Gaetz shifted his vote from Jordan and instead recorded himself as "present." Rep. Mike Rogers of Alabama after the 14th round of voting then confronted Gaetz and appeared to lunge at the Floridian over the vote. CNN reported that Gaetz on Monday had asked McCarthy to chair a House Armed Services subcommittee, but the GOP leader had declined the request.

WASHINGTON — House Republican leader Kevin McCarthy and his conservative detractors on Wednesday night inched closer to a deal designed to flip some no votes to the yes column. And because of the GOP’s new razor-thin majority, McCarthy can only afford four GOP defections on any speaker vote. “We have zero trust in Kevin McCarthy. “We’ll see,” said Rep. Chip Roy, R-Texas, one of the 20 defectors, when asked if McCarthy will be speaker. “If it takes till tomorrow, it takes till tomorrow; if it takes till the 4th of July, it takes till the 4th of July,” said Rep.

☆ Trump throws Kevin McCarthy a lifeline and warns Republicans to avoid a 'GIANT & EMBARRASSING DEFEAT' in chaotic House Speaker race
▼ + stars: | 2023-01-04 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump re-upped his endorsement of Kevin McCarthy to become the next Speaker of the House. House lawmakers are expected to continue voting this afternoon. Until a speaker is selected, lawmakers cannot finish the basic formalities of starting a new Congress, including swearing in members. While Trump continues to boost McCarthy, the former president took another swipe at McConnell. "The harm they have done to the Republican Party is incalculable," Trump said of McConnell and Chao.

Share this -Link copiedConservatives opposed to McCarthy seen huddling in chamber during third vote During the third ballot vote for speaker, several House Republicans who have opposed McCarthy to be speaker were seen huddling in the back of the chamber. McCarthy lost twice earlier in the day, with 19 conservatives casting their ballots for Rep. Jim Jordan, of Ohio, in the second round. Share this -Link copiedDemocrats mock Republicans over inability to elect House speaker Now in the minority, House Democrats appeared to enjoy the GOP divisions over electing a speaker Tuesday. Share this -Link copiedPelosi reacts to Republicans' struggling to elect GOP speaker As House Republicans struggled to elect their own speaker now that they have the majority, former House Speaker Nancy Pelosi, D-Calif., suggested the GOP is ruining Congress as an institution. Pelosi stepped down as the Democratic leader after serving as House speaker twice.

☆ Kevin McCarthy’s House Speaker Bid Teeters Ahead of Tuesday Vote
▼ + stars: | 2023-01-02 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

House Minority Leader Kevin McCarthy spent the weekend trying to get the votes necessary from House Republicans to lead the chamber. WASHINGTON—Republican leader Kevin McCarthy’s bid to lead the House as the new speaker remained uncertain even as the party prepared to take control of the chamber on Tuesday, with lawmakers bracing for an unpredictable and dramatic opening session. The speaker vote is set for midday, and comes after Mr. McCarthy spent the weekend scrambling to get the votes necessary from House Republicans to win the gavel. He acquiesced on requested rules changes that give rank-and-file members more power, including making it easier to oust a speaker, but a significant number of GOP lawmakers said they remain opposed to the Californian’s bid.

☆ Shipping companies brace for harsh winter weather with 'contingency plans' to help gifts arrive on time for the holidays
▼ + stars: | 2022-12-20 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Postal Service, will be shipping on average a combined 100 million packages per day this week leading up to Christmas. A blast of Arctic air from Canada is expected to bring “life-threatening” cold to parts of the United States in the lead-up to Christmas, weather forecasters have warned. Postal Service, their workers are ready for harsh weather. “UPS has a team of full-time meteorologists who monitor the weather and help us create contingency plans as winter storms develop. Postal Service said it plans for “various weather issues throughout the year.” The postal service also said its workers have the proper equipment to do their jobs safely.

Dec 15 (Reuters) - Californian regulators voted Thursday to approve a plan to reduce the state's carbon-dioxide emissions by 85% by 2045, reaching carbon neutrality then, including by cutting petroleum usage to one-tenth of the current level. The state has also angered its fuelmakers, which argue its policies hurt fuel consumers. Policy updates approved on Thursday were in the 2022 edition of a document called the Scoping Plan, which is revised every five years. Many California residents and lobbyists from oil and transportation companies said in public comments on Thursday that they welcomed the changes in the plan. CARB will continue evaluating how refiners can continue to operate to export fuel, said CARB spokesperson Dave Cleghern.

☆ JPMorgan is continuing its push into fintech with a deal to partner with buzzy treasury startup Trovata
▼ + stars: | 2022-12-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Trovata, a cash management fintech startup, has partnered with JPMorgan Asset Management. JPMorgan has continued its push into fintech with a partnership with US cash management startup Trovata. California-based Trovata, which was founded in 2016, has been repeatedly backed by JPMorgan and has raised $57.6 million from investors to date. The startup offers cash management services to companies through an API. The tie-up will see Trovata host Morgan Money, JPMorgan's trading and risk management infrastructure, on its platform.

☆ Black Californians could get $223,000 each in reparations — and it could even help close the state's homeownership gap
▼ + stars: | 2022-12-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

In 2020, CA Governor Gavin Newsom formed a task force to decide how the state could best administer reparations to Black residents. The task force has proposed providing upwards of $223,200 for each qualifying resident. However, few leaders have brought forward proposals that are as sweeping in scope as the one produced by California's special task force. The reparations proposal could help Black Californians obtain homeownershipAccording to the California Housing Finance Agency, Black Americans have the lowest homeownership rate in the state. Other states have also awarded reparations to their Black constituentsWhile the California proposal is sweeping in its scope, Newsom's office has the benefit of being able to study examples of reparations programs elsewhere.

☆ The Best Architecture of 2022: From Symphonic to Serene
▼ + stars: | 2022-12-09 | by ( Michael J. Lewis | ) www.wsj.com time to read: +1 min

The gestation of an elephant is nearly two years and that of a building even longer. And so the cultural and economic upheavals of our past two years have not yet begun to express themselves in architecture. The notable buildings of 2022 are a time capsule from a world that had never heard of Covid-19, George Floyd , and a good many other things. The museum sits on a steep bluff overlooking the sea to the west, a setting where a little light goes a long way. Here the discreetly placed windows and skylights bring in just enough sunshine, giving you the physical sense of the atmosphere in which the art was created.

☆ A 'California girl' settled down in a remote Canadian city with her husband. They were finally able to buy a home and have a slice of the American dream.
▼ + stars: | 2022-12-09 | by ( Bill Murphy Jr. | ) www.businessinsider.com time to read: +9 min

Erin Ventura had no intention of leaving Los Angeles — until she met her Canadian husband, Justin Chiang. Erin Ventura grew up in Los Angeles, and she describes herself as "a California girl" through and through. But since Chiang was a Canadian citizen and Ventura was American, they had to choose which country to live in. Ventura said her husband was making a bit over 60,000 Canadian dollars a year playing in the military band. But I think in this case it's more of a 'big city, small city' kind of thing.

☆ Gen Zers are taking on more debt, roommates, and jobs as their economy gets worse and worse
▼ + stars: | 2022-12-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Gen Zers are taking on credit-card debt — and missing their payments — at a rising rate. Amounts of credit-card debt and delinquency rates are on the rise, especially among 18- to 29-year-olds. But if a recession comes, Gen Zers could be among the hardest hit due to mounting debt, few savings, and vulnerability to layoffs. US credit-card debt overall rose $38 billion between July and September of this year, per the New York Fed. For older Gen Zers, the delinquency rate rose to over 6%, though still below the roughly 9% pre-pandemic rate.

☆ California's housing market is cooling off faster than any other US state, even though it's still really costly to buy a home there
▼ + stars: | 2022-12-03 | by ( Alcynna Lloyd | Madison Hoff | ) www.businessinsider.com time to read: +5 min

However, several cities, including San Francisco, Los Angeles and Sacramento, have all seen home prices fall by more than 5% from peak sale prices. Additionally, Stockton has seen its median sale price drop 4.8% from its peak. That brings California's total to seven metros out of the top 20 for the nation that have seen the most severe drop in housing prices. So far it appears that 2023 is likely to be an even slower year for the state's housing market, especially if locals continue to leave and move to more affordable states. The pullback in demand could ultimately result in the state's median home price declining 8.8% to $758,600, the report adds.

☆ Kevin McCarthy says Democrats could select the next speaker if Republicans 'play games' on the House floor
▼ + stars: | 2022-11-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

McCarthy said Republicans could cede control of the House in January if they aren't unified. While on Newsmax, the Californian warned against the GOP playing "games" on the House floor. McCarthy is working to round up votes among GOP members that he'll need to lead the lower chamber. If we play games on the floor, the Democrats could end up picking who the speaker is," he said. Rep. Marjorie Taylor Greene of Georgia cautioned against a handful of Republicans potentially joining Democrats in selecting a more moderate speaker.

Shortly before Pelosi’s announcement Thursday that she was stepping down, Intelligence Committee Chairman Adam Schiff signaled he would not run for House leadership and would focus his efforts on a future Senate bid instead. 2 leadership post, Congressional Progressive Caucus Chair Pramila Jayapal of Washington decided to run for another term leading her caucus of roughly 100 House liberals. Aguilar originally had his eyes set on the assistant leader position, but Clyburn’s move forced him to run for caucus chair. 4 and Democratic Caucus chair will move up to No. That left Rep. Joe Neguse, 38, who had been campaigning behind the scenes for months for caucus chair, as the odd man out.

Jeffries, 52, would be the first Black House Democratic leader, representing both the party's diverse voter base and bringing a new generation of leadership. House Democrats are scheduled to vote on their leaders on Nov. 30. Jeffries, who has held the leadership post of House Democratic Caucus chairman since 2019, also would represent a stylistic contrast to Pelosi, who made her announcement on Thursday. Current House Democratic Leader Steny Hoyer, 83, said he would not seek a leadership position in the next Congress and backed Jeffries. Clyburn told reporters ahead of Pelosi's announcement that he intends to remain in the House Democratic leadership regardless of the path she takes.

☆ Top Hollywood lawyer Bryan Freedman paid a $40,000 settlement after being accused of gang-raping a 17-year-old while in college
▼ + stars: | 2022-11-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +8 min

But clients may not know that Freedman, 58, was accused of sexual assault in the 1980s and paid a $40,000 settlement to the accuser. She said that instead of taking her there, the men brought her to the nearby Zeta Beta Tau fraternity. The plaintiff said she and her friend then returned to Zeta Beta Tau to retrieve her shoe and car key. The 17-year-old and her parents sued Freedman and the two other fraternity brothers, as well as Zeta Beta Tau and Tau Kappa Epsilon. (Zeta Beta Tau and the other college students accused of sexual assault also agreed to pay settlements, none of which admitted liability.)

☆ EXCLUSIVE Carlyle seeks to line up bid for urgent care provider Heritage -sources
▼ + stars: | 2022-11-15 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

Carlyle, a Washington, D.C.-based buyout firm, has been in discussions with other private equity firms about assembling a consortium that would make an offer to acquire HPN, the sources said. HPN generates annual cash flow of around $600 million, according to the sources. Merkin grew the Los Angeles-based company into a managed care powerhouse in the Californian market, where it serves nearly 700,000 individuals. Earlier this month, primary care provider VillageMD, which is backed by Walgreens Boots Alliance Inc (WBA.O), said it would acquire private equity-owned urgent care provider Summit Health in a deal valued at $9 billion. Amazon agreed in July to buy primary care provider One Medical for $3.49 billion, while CVS inked a deal in September to acquire Signify Health for $8 billion.

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