Big bank CEOs will likely convey deposits and earnings are stable to lawmakers on Wednesday, according to a major financial services executive. Thomas Michaud, CEO of Stifel company Keefe, Bruyette & Woods, thinks the hearing before the Senate Banking Committee will successfully provide assurance to Washington and Wall Street. Banking chiefs slated to speak at the “Annual Oversight of Wall Street Firms” hearing include JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon. “The crisis of the spring where we had three of the four largest failures in history is behind us,” Michaud said on CNBC’s ” Fast Money ” on Tuesday. He’s referring to Silicon Valley Bank , Signature Bank and First Republic — the latter of which was the nation’s biggest bank failure since the 2008 financial crisis. Michaud, who testified before Congress in May on the bank failures, hopes Wednesday’s hearing re-addresses the call for changes to prevent bank runs from pushing other financial institutions over the edge. “One way to fix it is deposit insurance reform,” he said. “The targeted approach to change deposit insurance to reduce the ‘too big to fail’ thinking, so depositors don’t run like that. That is what we need, and that effort has stalled in Congress.” He thinks action is needed to keep mid-sized banks competitive with the big banks — starting with lifting Federal Deposit Insurance Corp coverage limits for small businesses. Currently, the FDIC covers $250,000 per depositor, per insured bank, per ownership category — an amount that is likely inadequate for small businesses . “If deposit insurance reform in my opinion doesn’t happen, there’s going to be tremendous pressure on those [mid-size] banks to consolidate,” Michaud said. Disclaimer
Tag: us senate
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Sandra Day O'Connor Fast Facts | CNN
Here is a look at the life of Sandra Day O’Connor, the first female justice on the United States Supreme Court.
Birth date: March 26, 1930
Death date: December 1, 2023
Birth place: El Paso, Texas
Birth name: Sandra Day
Father: Harry A. Day, rancher
Mother: Ada Mae (Wilkey) Day, rancher
Marriage: John Jay O’Connor III (1952-2009, his death)
Children: Scott, Brian and Jay
Education: Stanford University, B.A. in Economics, 1950, graduated magna cum laude; Stanford Law School, LL.B, 1952
In law school, she was on the Stanford Law Review and third in her class.
Completed law school in two years.
A proponent of judicial restraint. At her confirmation hearings, she said, “Judges are not only not authorized to engage in executive or legislative functions, they are also ill-equipped to do so.”
In retirement, O’Connor has campaigned around the United States to abolish elections for judges, believing that a merit system leads to a more qualified and untainted judiciary.
1952-1953 – County deputy attorney in San Mateo, California.
1955-1957- Works as a civilian lawyer for the Quartermaster Corps in Germany, while her husband serves with the Army’s Judge Advocate General Corps.
1959 – Opens a law firm in Maryvale, Arizona.
1965-1969 – Assistant attorney general of Arizona.
1969 – Appointed to fill a vacant seat in the Arizona Senate.
1970 – Elected to the Arizona Senate.
1972 – Reelected to the Arizona Senate and elected majority leader. She is the first woman to hold this office in any state.
1975-1979 – Superior Court judge of Maricopa County.
1979-1981 – Judge of the Arizona Court of Appeals.
August 19, 1981 – Formally nominated to the Supreme Court by President Ronald Reagan, to fill the seat of retiring Justice Potter Stewart.
September 21, 1981 – Confirmed by the US Senate.
September 25, 1981 – Sworn in as the first female Supreme Court justice of the United States.
1982 – Writes an opinion invalidating a women-only enrollment policy at a Mississippi State nursing school because it “tends to perpetuate the stereotyped view of nursing as an exclusively women’s job.” Mississippi University for Women, et al., v. Hogan
October 21, 1988 – Has surgery for breast cancer after being diagnosed earlier in the year.
1996 – Writes the majority opinion in a 5-4 decision to restrict affirmative action policies and voting districts that are created to boost the political power of minorities. Shaw v. Reno
1999 – Writes the majority ruling opinion in a 5-4 decision that public school districts that receive federal funds can be held liable when they are “deliberately indifferent” to the sexual harassment of one student by another. Davis v. Monroe County Board of Education
2000 – Votes with the majority in a 5-4 decision that strikes down state laws banning the medical procedure that critics call “partial-birth” abortion. Stenberg v. Carhart
December 2000 – Votes in the majority to end the recount in Florida which leads to George W. Bush becoming president of the United States. O’Connor and Anthony M. Kennedy are the only justices who do not attach their names to either a concurring or dissenting opinion in the case. Bush v. Gore
January 31, 2006 – Retires from the Supreme Court.
2008 – Develops the website, OurCourts which later becomes iCivics, a free program for students to learn about civics.
July 30, 2009 – Is awarded the Presidential Medal of Freedom by President Barack Obama.
February 25, 2014 – Her book “Out Of Order,” which is based on the history of the Supreme Court, is published.
October 23, 2018 – Writes a letter revealing that she has been diagnosed with the “beginning stages of dementia, probably Alzheimer’s disease.”
March 19, 2019 – The biography, “First: Sandra Day O’Connor,” is published.
July 19, 2019 – O’Connor’s former home is listed by the National Park Service in the National Register of Historic Places. The adobe house built by O’Connor and her husband in 1958 in Paradise Valley, Arizona, was relocated to Tempe, Arizona, in 2009. It is the home of the Sandra Day O’Connor Institute.
April 13, 2022 – President Joe Biden signs a bipartisan bill into law to erect statues of O’Connor and Ruth Bader Ginsburg on the grounds of the US Capitol. The legislation stipulates that the statues should be placed within two years of its enactment.
December 1, 2023 – Dies at age 93 from complications related to dementia.
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Merrick Garland Fast Facts | CNN
CNN
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Here’s a look at the life of Attorney General Merrick Garland, former chief judge of the US Court of Appeals for the DC Circuit.
Birth date: November 13, 1952
Birth place: Chicago, Illinois
Birth name: Merrick Brian Garland
Father: Cyril Garland, founder of an advertising agency
Mother: Shirley (Horwitz) Garland, community volunteer
Marriage: Lynn (Rosenman) Garland (1987-present)
Children: Jessica and Rebecca
Education: Harvard University, A.B., 1974, graduated summa cum laude; Harvard Law School, J.D., 1977, graduated magna cum laude
Religion: Jewish
Garland supervised the investigation of the 1995 Oklahoma City bombing and oversaw the prosecution of Timothy McVeigh. He also led the investigations of the 1996 Olympics bombing in Atlanta and the Unabomber, Ted Kaczynski.
He paid for law school by working in a shoe store, selling his comic books and tutoring undergraduates.
He was a candidate for the Supreme Court twice before President Barack Obama nominated him, considered for seats ultimately filled by Elena Kagan and Sonia Sotomayor.
Tutors elementary school children in reading and math.
1977-1978 – Clerks for Second Circuit Judge Henry Friendly.
1978-1979 – Clerks for US Supreme Court Justice William J. Brennan.
1979-1981 – Special assistant to the attorney general.
1981-1989 – Joins the law firm Arnold & Porter as an associate and is promoted to partner in 1985.
1989-1992 – Assistant US attorney for the District of Columbia.
1992-1993 – Returns to Arnold & Porter as partner.
1993-1994 – Deputy assistant attorney general in the Criminal Division of the Department of Justice.
1994-1997 – Principal associate deputy attorney general.
1997-March 2021 – Appointed by President Bill Clinton, Garland serves on the US Court of Appeals for the DC Circuit. It took more than a year for Garland to be confirmed in the Senate, as lawmakers questioned whether the vacant seat on the court should be filled at all.
2013 – Becomes chief judge of the US Court of Appeals for the DC Circuit.
March 16, 2016 – Obama nominates Garland to fill the seat of the late Justice Antonin Scalia on the Supreme Court. For months, Senate Republicans refuse to hold confirmation hearings.
January 3, 2017 – Garland’s nomination expires. He returns to his position as chief judge of the US Court of Appeals for the DC Circuit.
February 13, 2020 – Garland steps down as chief judge of the US Court of Appeals for the DC Circuit. Sri Srinivasan takes over.
January 7, 2021 – President-elect Joe Biden announces Garland as his pick for US attorney general.
March 10, 2021 – The Senate confirms Garland as US attorney general with a 70-30 vote.
March 11, 2021 – Garland is officially sworn in as the 86th attorney general by Vice President Kamala Harris.
July 1, 2021 – Garland orders a temporary halt to federal executions as Justice Department senior officials review the policies and procedures for the controversial punishment.
June 30, 2022 – The Justice Department announces that Garland is scheduled to undergo a medical procedure for benign enlargement of the prostate on July 7. The deputy attorney general will assume the duties of the attorney general during the surgery.
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Chuck Schumer Fast Facts | CNN
CNN
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Here’s a look at the life of Chuck Schumer, the US Senate majority leader and Democratic senator from New York.
Birth date: November 23, 1950
Birth place: Brooklyn, New York
Birth name: Charles Ellis Schumer
Father: Abe Schumer, exterminator
Mother: Selma (Rosen) Schumer
Marriage: Iris Weinshall (1980-present)
Children: Jessica, Alison
Education: Harvard University, A.B., 1971; Harvard Law School, J.D., 1974
Religion: Jewish
He was valedictorian at James Madison High School in Brooklyn and received a perfect 1600 score on the SAT test. He edited his high school newspaper, and at one point considered pursuing a career in chemistry. His parents encouraged him to go to medical school, but he opted for law school instead.
He funded his Harvard education by selling class rings while in school.
For more than three decades, Schumer shared an aging row house in Washington with Congressional colleagues, including Dick Durbin and George Miller. He lived in the row house during the week and returned to his family home in Brooklyn on weekends.
Writer/actress Amy Schumer is his second cousin, once removed.
1975-1980 – New York state assemblyman.
1981-1999 – US representative from New York 9th District (formerly 10th District and 16th District).
1987-1988 – Sponsors the Fair Credit and Charge Card Disclosure Act, which requires credit card companies to list detailed information about fees and interest rates when soliciting new customers. The credit card disclosures are nicknamed “Schumer Boxes.”
1993-1994 – Sponsors the Brady Handgun Violence Prevention Act, which requires background checks and a five-day waiting period for handgun purchases. Sponsors the Religious Freedom Restoration Act, meant to prevent the government from interfering with an individual’s right to express his or her faith. Also, cosponsors the Violent Crime Control and Law Enforcement Act, a measure that provides funding to expand police departments, increases prison capacity and allows judges to impose longer sentences for violent crimes. The crime bill includes an assault weapons ban, prohibiting the sale of certain types of military-style semi-automatic rifles for 10 years.
1998 – Wins election to US Senate.
2004 – Wins reelection to the US Senate.
2004 – Leads an unsuccessful push to renew the assault weapons ban.
2005-2008 – Chairs the Democratic Senatorial Campaign Committee.
2007-2010 – Chairs and vice chairs the US Senate’s Joint Economic Committee.
2009 – Cosponsors the Matthew Shepard and James Byrd Hate Crimes Prevention Act, broadening the definition of hate crimes to include acts of violence against individuals based on their actual or perceived gender, disability, sexual orientation or gender identity.
2009-present – Serves on the US Senate Committee on Rules and Administration.
2010 – Wins reelection to US Senate.
2011-present – Chairman of the US Senate’s Democratic Policy and Communications Committee.
2013 – Works on immigration reform as a member of the bipartisan “Gang of Eight.” The group’s bill, the Border Security, Economic Opportunity and Immigration Modernization Act of 2013, passes the Senate. The House, however, declines to vote on the package, which creates a pathway to citizenship for undocumented immigrants.
August 3, 2015 – Holds a joint press conference with his cousin, actress and comedian Amy Schumer, to announce gun control legislation promoting stricter state background check laws. The press conference takes place 11 days after a deadly mass shooting at a screening of Schumer’s comedy, “Trainwreck,” in Louisiana. Schumer’s bill, the Fix Gun Checks Act of 2016, stalls in the Senate.
August 6, 2015 – Expresses his opposition to the nuclear deal with Iran in a statement. He says that he is concerned about a 24-day delay for inspectors to access facilities and other limitations on inspections.
November 8, 2016 – Wins reelection to the US Senate.
November 16, 2016 – Senate Democrats choose Schumer to succeed Harry Reid as leader in the chamber.
January 3, 2017 – On his first day as Senate minority leader, Schumer tells CNN that Senate Democrats plan to hold President-elect Donald Trump accountable but will also work with him if he supports legislation that is true to the Democratic Party’s principles.
March 2, 2017 – Schumer calls on Attorney General Jeff Sessions to resign in the wake of a report that Sessions met with the Russian ambassador to the US during the presidential campaign, contradicting his testimony during his Senate confirmation hearing. Sessions does not resign but recuses himself from involvement in the investigation into alleged Russian meddling in the 2016 election.
September 6, 2017 – Schumer meets with Trump and other congressional leaders in the Oval Office. During the meeting, Trump agrees to endorse a plan to attach hurricane relief money to a three-month extension of the debt ceiling that was proposed by Schumer and House Minority Leader Nancy Pelosi.
January 19, 2018 – Schumer meets with Trump at the White House to discuss a deal that could avert a looming government shutdown. Schumer offers to increase military spending and fully fund border security measures in exchange for a pledge to protect beneficiaries of the Deferred Action on Childhood Arrivals program (DACA). Trump ultimately rejects the deal. The failed negotiations lead to a brief shutdown that White House officials label the “Schumer Shutdown.”
June 27, 2018 – Schumer introduces a bill, the Marijuana Freedom and Opportunity Act, that would decriminalize and regulate marijuana at the federal level.
November 11, 2018 – Schumer says that Democrats may combine a must-pass spending bill with a measure protecting the Robert Mueller special counsel investigation into Russian election meddling.
November 10, 2020 – Schumer is reelected as a Senate party leader.
January 20, 2021-present – Senate majority leader.
July 14, 2021 – Schumer and a group of other Senate Democrats introduce draft legislation that would decriminalize marijuana at the federal level by striking it from the federal controlled substances list.
November 8, 2022 – Wins reelection to the US Senate.
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Laphonza Butler says she will not seek Senate seat in 2024 | CNN Politics
CNN
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Democratic Sen. Laphonza Butler of California said Thursday that she would not run for a full term next year.
“I’ve spent the past 16 days pursuing my clarity – what kind of life I want to have, what kind of service I want to offer and what kind of voice I want to bring forward,” Butler said in a statement. “After considering those questions I’ve decided not to run for Senate in the upcoming election. Knowing you can win a campaign doesn’t always mean you should run a campaign.”
Butler told The New York Times, which first reported the news, that she would be the “the loudest, proudest champion of California” for the remainder of her term but that “this is not the greatest use of my voice.”
California Gov. Gavin Newsom appointed Butler to fill the seat left vacant after the death of Sen. Dianne Feinstein. Butler was sworn in earlier this month and made history as the first out Black lesbian to enter Congress. Butler is also the sole Black female senator currently serving in the chamber and the first out LGBTQ member of the Senate Judiciary Committee.
Prior to her appointment, Butler served as the president of EMILY’s List, which works to elect Democratic women who support abortion rights. She has a long history of working in California politics, including as an adviser to then-Sen. Kamala Harris’ 2020 presidential campaign.
Butler’s announcement comes as the California Senate race is shaping up to be among the most high-profile 2024 races. The state will hold two Senate elections next November: one for a full six-year term and a special election for the remaining months of Feinstein’s term until January 2025.
Several notable Democrats launched Senate campaigns earlier this year, including a trio of House members: Reps. Adam Schiff, a former House Intelligence chairman who is backed by former House Speaker Nancy Pelosi; Katie Porter, a former deputy chair of the Congressional Progressive Caucus; and Barbara Lee, a former chair of the Congressional Black Caucus and a member of House Democratic leadership.
Other Democrats running include tech executive Lexi Reese and TV broadcaster Christina Pascucci, who joined the race this week. On the Republican side, retired baseball star Steve Garvey and lawyer Eric Early have announced bids. As of late September, Porter and Schiff led the pack in fundraising, with more than $20 million in contributions each.
Under California’s primary system, all candidates will run on the same ballot, with the top two candidates, regardless of party, advancing to the general election.
This story has been updated with additional reporting.
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How the Senate GOP’s campaign chief is navigating Trump and messy primaries | CNN Politics
CNN
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Top Senate Republicans look at the prospects of a Donald Trump primary victory with trepidation, fearful his polarizing style and heavy baggage may sink GOP candidates down the ticket as their party battles for control of the chamber.
But Sen. Steve Daines doesn’t agree.
The Montana Republican, who chairs the National Republican Senatorial Committee, has spent the past year working to ensure Trump and Senate Republican leaders don’t clash about their preferred candidates in key primaries, after the 2022 debacle that saw a bevy of Trump-backed choices collapse in the heat of the general election and cost their party the Senate majority. So far, the two are on the same page.
Daines argues that Trump is “strengthening” among independent voters and that could be a boon for his Senate candidates – even in purple states like Michigan, Wisconsin, Nevada and Pennsylvania. The senator says that his down-ticket candidates should embrace the former president, even as he’s facing four criminal trials with polls showing that he remains a deeply unpopular figure with wide swaths of voters.
“What’s key is we want to make sure we have high-quality candidates running with President Trump,” Daines said. “Candidates that can again appeal beyond the Republican base – that’s my goal.”
In an interview with CNN at NRSC headquarters, Daines detailed his latest thinking about the GOP strategy to take back the Senate, saying his candidates need to have a stronger position on abortion, signaling he’s eager to avoid a primary in the Montana race and arguing that neither Sens. Kyrsten Sinema nor Joe Manchin could hold onto their seats if they ran for reelection in their states as independents.
And as Kari Lake is poised to announce a Senate bid in Arizona as soon as next week, Daines has some advice for the former TV broadcaster, who falsely blamed mass voting fraud for her loss in last year’s gubernatorial race in her state.
“I think one thing we’ve learned from 2022 is voters do not want to hear about grievances from the past,” Daines said. “They want to hear about what you’re going to do for the future. And if our candidates stay on that message of looking down the highway versus the rearview mirror, I think they’ll be a lot more successful particularly in their appeal to independent voters, which usually decide elections.”
Daines, who called Lake “very gifted” and said he’s had “positive” conversations with her, added: “I think it’s just going to be important for her to look to the future and not so much the past.”
Asked if Trump’s repeated false claims of a “stolen” election could be problematic down-ticket, Daines instead pointed out that Trump was the last GOP president since Ronald Reagan to win Wisconsin, Pennsylvania and Michigan in 2016, though he lost those states in 2020.
“As we continue to watch the president strengthen, we’ll see what happens here in ’24, but I’ll tell you he provides a lot of strength for us down ballot in many key states,” said Daines, who was the first member of Senate GOP leadership to endorse Trump.
Daines’ assessment comes as he is benefitting from a highly favorable map, with 23 Democrats up for reelection, compared to just 11 for the GOP. Democratic incumbents in three states that Trump won – Ohio, Montana and West Virginia – are the most endangered, while the two best Democratic pickup opportunities – Texas and Florida – remain an uphill battle.
“We’ll have to keep an eye on Texas – the Ted Cruz race,” Daines said. “Just because he’s Ted Cruz he’ll draw a lot of money from the other side to try to defeat Ted Cruz.”
Beating incumbents is usually a complicated endeavor, plus Republicans are facing messy primaries that could make it harder to win a general election, including in Daines’ home-state of Montana. There, Daines has gotten behind Tim Sheehy, a former Navy SEAL who owns an aerial firefighting company. But there’s a possibility that Sheehy could face Rep. Matt Rosendale in the primary, something that Republicans fear could undercut their effort to take down 17-year incumbent Sen. Jon Tester.
Rosendale, a member of the hard-right House Freedom Caucus, narrowly lost to Tester in 2018 and is considering another run in 2024.
“I’ve known Matt a long time. He’s a friend of mine. I like Matt Rosendale,” Daines said. “I think it’s best if he were to stay in the US House and gain seniority.”
Unlike in the last cycle when the NRSC stayed neutral under previous leadership, the campaign committee now is taking a much heavier hand in primaries, picking and choosing which candidates to endorse. While Daines declined to say how his committee would handle the Arizona primary, he indicated they would stay out of the crowded Ohio primary, arguing the three GOP candidates battling it out there are on solid footing in the race for Sen. Sherrod Brown’s seat.
While West Virginia remains perhaps the best pickup opportunity for the GOP, the NRSC will have a much harder time if Manchin decides to run for reelection. In an interview, Manchin signaled that if he runs again, it may be as an independent – not a Democrat.
“I think everyone thinks of me as an independent back home,” Manchin told CNN. “I don’t think they look at me as a big D or a big R or an anti-R or anti-D or anything. They say it’s Joe, if it makes sense, he’ll do it.”
Daines said that wouldn’t make much of a difference.
“It’d be very difficult for Joe to get reelected in West Virginia based on looking at the numbers,” Daines said, pointing to Manchin’s support for the Inflation Reduction Act.
Similarly, Daines said that if Sinema runs in Arizona, he doesn’t believe she can win as a third-party candidate, as she faces a GOP candidate and the likely Democratic nominee, Rep. Ruben Gallego.
“I think Sinema will have a difficult path if she gets in the race,” he said.
In addition to facing weaker candidates last cycle, many Republicans continue to sidestep questions on their positions over abortion – a potent issue in the aftermath of the Supreme Court’s ruling overturning Roe v. Wade.
But Daines says he doesn’t think abortion will be “as potent this cycle,” indicating he is pressing candidates to do a “better job” messaging on the issue to suburban women. He said that Republicans need to impress upon voters that they support limits on late-term abortions, with exceptions for rape, incest or life of the mother, arguing that’s a “more reasonable position” in line with most Americans – all the while rejecting calls for a national ban on all abortions.
“I think we actually had candidates who just kind of ran away from the issue and kind of hoped it went away,” Daines said. “And when you do that, if you don’t take a position, the Democratic opponents there will define the issue for them. And that’s a losing strategy.”
Daines is also in the middle of another internal party war – between Trump and Senate GOP Leader Mitch McConnell, as the two men have been at sharp odds since the January 6, 2021, attack on the Capitol.
Asked if he believed the two could work with each other if Trump is president again and McConnell returns as Republican leader, Daines said: “It’d be a privilege to have a Republican president and a Republican majority leader working – that’d be a nice problem to have.”
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Government on brink of shutdown ahead of midnight deadline as McCarthy slates last-minute vote | CNN Politics
CNN
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Federal agencies are making final preparations with the government on the brink of a shutdown and congressional lawmakers racing against Saturday’s critical midnight deadline – as House Speaker Kevin McCarthy mounts a last-minute push to avert the lapse in funding.
McCarthy announced that the House will vote on a 45-day short-term spending bill Saturday, and it will include the natural disaster aid that the White House requested.
The bill does not include $6 billion in funding to aid Ukraine, a key concession that many House Republicans demanded and a blow to allies of Ukrainian President Volodymyr Zelensky, who lobbied Congress earlier this month for additional assistance.
Asked if he is concerned that a member, including Republican Rep. Matt Gaetz of Florida, could move to oust him over this bill, McCarthy replied, “If I have to risk my job for standing up for the American public, I will do that.”
Infighting among House Republicans has played a central role in bringing Congress to a standoff over spending – and it is not yet clear how the issue will be resolved, raising concerns on Capitol Hill that a shutdown, if triggered, may not be easy to end.
Democrats in the House have been trying to slow down passage of the GOP-led continuing resolution throughout the day Saturday, objecting to being forced to vote on a bill just introduced and wanting to keep Ukraine aid. It’s unclear how long Democrats will stall the House from voting.
House Republicans met throughout Saturday morning, seesawing between options for how to proceed. Republicans including veteran appropriators and those in swing districts pushed to bring a short-term resolution to keep the government funded for 45 days to the House floor for a vote Saturday.
McCarthy has faced threats to keeping his job throughout the month if he works with Democrats as he endures a consistent resistance from the hardline conservatives in his own party.
A shutdown is expected to have consequential impacts across the country, from air travel to clean drinking water, and many government operations would grind to a halt – though services deemed essential for public safety would continue.
Both chambers are scheduled to be in session Saturday, just hours before the deadline. The Senate was expected to take procedural steps to advance their own plan to keep the government funded – GOP Sen. Rand Paul had vowed all week to slow that process beyond the midnight deadline over objections to the bill’s funding for the war in Ukraine. The Senate is now waiting to see how the House developments shake out before proceeding.
But Paul told CNN on Saturday afternoon that he won’t slow down the Senate’s consideration of the House GOP’s 45-day spending bill, if it passes the House and the Senate takes it up, allowing the Senate the ability to move the bill quickly – though any one other senator could slow that down beyond the midnight deadline.
House Republicans have so far thrown cold water on a bipartisan Senate proposal to keep the government funded through November 17, but they have failed to coalesce around a plan of their own to avert a shutdown amid resistance from a bloc of hardline conservatives to any kind of short-term funding extension.
“After meeting with House Republicans this evening, it’s clear the misguided Senate bill has no path forward and is dead on arrival,” McCarthy wrote on X. “The House will continue to work around the clock to keep government open and prioritize the needs of the American people.”
His late Friday night message came after a two-hour conference meeting in the Capitol, where McCarthy floated several different options – including putting the Senate bill on the floor or passing a short-term bill that excludes Ukraine money. But there is still no consensus on what – if anything – they will put on the House floor Saturday to avoid a government shutdown.
McCarthy suffered another high-profile defeat on Friday when the House failed to advance a last-ditch stopgap bill.
In the aftermath of Friday’s failed vote, McCarthy told reporters he had proposed putting up a “clean” stopgap bill, and said he was “working through maybe to be able to do that.”
“We’re continuing to work through – trying to find the way out of this,” McCarthy said.
The Senate’s bipartisan bill would provide additional funds for Ukraine aid, creating a point of contention with the House where many Republicans are opposed to further support to the war-torn country.
McCarthy argued on Friday that aid to Ukraine should be dropped from the Senate bill. “I think if we had a clean one without Ukraine on it, we could probably be able to move that through. I think if the Senate puts Ukraine on there and focuses on Ukraine over America, I think that could cause real problems,” he told CNN’s Manu Raju.
The Senate, meanwhile, is working to advance its own bipartisan stopgap bill. The chamber is on track to take a procedural vote Saturday afternoon to move forward with the bill, particularly if the last-minute House bill falters. But it’s not yet clear when senators could take a final vote to pass the bill and it may not happen until Monday, after the government has already shut down.
Border security has also become a complicating factor for the Senate bill as many Republicans now want to see the bill amended to address the issue.
Senate Republicans said Friday that they were still discussing what kind of border amendment they would want to add to the bill, and were unsure if the chamber could even advance the bill in Saturday’s procedural vote without the addition of a border amendment.
“Nothing’s really coming together, too many moving parts at this stage,” said Sen. Mike Braun, an Indiana Republican. “I think what I understand is we’re going to have a vote tomorrow … and other than that, there’s nothing that’s really crystallized in anything that probably would be palatable with the House.”
This story and headline have been updated with additional developments.
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House Republicans cancel planned recess as government shutdown appears more likely
WASHINGTON — House Republican leaders Friday canceled a planned two-week recess as a government shutdown appeared more likely after they failed to pass a short-term spending bill with fewer than two days left to avoid the shutdown.
House Speaker Kevin McCarthy, R-Calif, informed the GOP caucus of the canceled break at a closed-door meeting after more than 20 Republicans embarrassed him by voting with Democrats to defeat the bill.
Republicans who joined Democrats voting against the measure included several of McCarthy’s most outspoken antagonists, Rep. Matt Gaetz, of Florida; Reps. Andy Biggs and Eli Crane, of Arizona, and other hardline conservatives.
Even if the bill had passed, it was doomed to failure in the Senate, where Democrats hold majority control.
The government is scheduled to shut down at 12:01 a.m. ET Sunday if a funding bill is not approved by both chambers of Congress and signed into law by President Joe Biden.
The Senate already advanced a bipartisan bill by a wide margin that would fund the government through Nov. 17.
Senate Majority Leader Chuck Schumer, D-N.Y., on Friday blasted McCarthy for trying to placate conservatives in his caucus, rather than working with Democrats and moderates on a bill that could pass the Senate.
“Coddling the hard right is as futile as trying to nail jello to a wall, and the harder the speaker tries, the bigger mess he makes,” Schumer said. “And that mess is going to hurt the American people the most.”
“I hope the speaker snaps out of the vice grip he’s put himself in and stops succumbing to the 30 or so extremists who are running the show in the House,” Schumer said. “Mr. Speaker, time has almost run out.”
House Republican leaders advised members that there would be votes Saturday.
It was unclear what they would be voting on.
But on Friday evening, McCarthy suggested that his conference might be willing to back a bipartisan bill to fund the government, as long as it did not contain additional emergency funding for Ukraine — a key White House demand with broad support in the Senate.
“I think if we had a clean [funding bill] without Ukraine on it, we could probably be able to move that through,” McCarthy told reporters as he left the closed door conference meeting.
Several hours later, McCarthy walked back his apparent willingness to move the Senate bill.
“After meeting with House Republicans this evening, it’s clear the misguided Senate bill has no path forward and is dead on arrival,” he said around 9:30 p.m. ET. “The House will continue to work around the clock to keep government open and prioritize the needs of the American people.”
Nonetheless, the notice to members to be ready for Saturday votes had raised hopes among both moderate Republicans and Democrats that McCarthy might agree to hold a vote on a version of the Senate bill to fund the government. Such a bill which would almost certainly pass with broad support from moderate Democrats and moderate Republicans.
As the clock neared midnight Friday, with just 24 hours remaining before a shutdown, it was difficult to envision what McCarthy could do that would both fund the government and satisfy the conservative critics in his restive caucus,
The White House condemned House Republicans for engaging in fiscal brinksmanship.
“We’re doing everything we can to plead, beg, shame House Republicans to do the right thing,” Shalanda Young, director of the White House Office of Management and Budget, told reporters.
She scoffed at McCarthy’s suggestion that he would refuse his own paycheck during a shutdown.
“That is theater,” Young said.
“The guy who picks up the trash in my office won’t get a paycheck. That’s real.”
The White House said Biden would stay “in dialogue with Congress” over the coming days, but insisted the core elements of any spending bill had been agreed to as part of the debt ceiling deal earlier this year.
Across Washington on Friday, government agencies prepared their employees and the public for the effects of a shutdown.
The Smithsonian Institution said it would use existing funds from last year to keep its museums and the National Zoo open for at least the next week.
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Eight big U.S. bank CEOs to face Senate Banking Committee grilling in December
Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021.
Kevin Dietsch | Pool | Reuters
Eight CEOs of the largest U.S. banks will face questioning at a Senate Banking Committee hearing in December, according to an announcement obtained by CNBC.
The Dec. 6 session will feature chief executive officers from JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Bank of New York Mellon, Morgan Stanley, State Street and Wells Fargo.
The meeting is the third time that Banking Committee Chair Sherrod Brown, D-Ohio, will hold an oversight hearing with the heads of the nation’s biggest banks.
Brown set a combative tone in the hearing announcement, calling out banks for continuing to “make record profits and to reward corporations that raise prices on Americans.”
“My commitment as chair of this committee is to always put the Main Street economy – and the workers who power it – at the center of everything we do,” Brown said.
“Part of that commitment is to hear directly from the biggest banks that hold too much power in the economy,” he said. “It’s our job to hold them accountable to their workers, to their customers, and to the American people.”
Brown and other Banking Committee members have ramped up oversight efforts in 2023, particularly regarding three banks that failed earlier in the year, Silicon Valley Bank, Signature Bank and First Republic.
The failure of First Republic in May was the biggest bank failure in the United States since the 2008 financial crisis. JPMorgan acquired First Republic’s deposits and a substantial majority of its assets.
In June, the committee advanced legislation authorizing the Federal Deposit Insurance Corp. to claw back compensation from senior executives of failed banks.
The bill, known as the RECOUP Act, sailed through committee with a 21-2 vote.
Senate Majority Leader Chuck Schumer, D-N.Y., said he plans to bring the bill to a vote by the full Senate., However, the current debate over a federal funding measure that would avoid a government shutdown has left little time for other bills.
The high-profile hearing could have political implications for Brown, who is set to run for reelection in 2024 from Ohio, a state that since he last was elected has seen voters increasingly swing Republican.
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Schumer declines to call on Menendez to step down | CNN Politics
CNN
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Senate Majority Leader Chuck Schumer on Wednesday declined join a growing group of Democrats who are calling on indicted Sen. Bob Menendez to resign his seat, though he did say the New Jersey Democrat’s actions fell “way, way below the standard” of the office.
“Like you, I was just deeply disappointed, disturbed when I read the indictment,” Schumer said at a news conference on Capitol Hill. “Look, I’ve known Sen. Menendez a very long time. And it was truly, truly upsetting.”
At least 30 of the members of the Democratic caucus, including members of Schumer’s leadership team have called on Menendez to resign. According to CNN’s count on Wednesday, 21 Democrats and independents who caucus with the Democrats have not called on Menendez to resign, including Schumer and Menendez himself. Three of those who have not called on Menendez to resign sit on the Senate Ethics Committee and therefore will not comment on any issue that may come before their panel.
“For senators, there’s a much, much higher standard,” Schumer added. “And clearly, when you read the indictment, Sen. Menendez fell way way below that standard. Tomorrow, he will address the Democratic caucus, and we’ll see what happens after that.”
Menendez is expected to address the Senate Democratic caucus at a closed-door meeting on Thursday, according to Sens. Jeff Merkley of Oregon and Mark Warner of Virginia.
On Wednesday, Menendez and his wife, Nadine Arslanian Menendez, pleaded not guilty to all corruption-related charges.
Menendez has been charged with three counts for allegedly taking bribes to use his political power and connections to help the government of Egypt obtain military aid as well as pressure a state prosecutor investigating New Jersey businessmen and attempt to influence the federal prosecution of a co-defendant.
Co-defendants Jose Uribe and Fred Daibe, entered not guilty pleas as well. A fifth co-defendant, Wael Hana, pleaded not guilty on Tuesday.
Menendez has said he will not step down. In a public statement Monday, he accused those who “rushed to judgment” of doing so for “political expediency.”
“I recognize this will be the biggest fight yet,” Menendez said, referencing the legal battle ahead. “But as I have stated throughout this whole process, I firmly believe that when all the facts are presented, not only will I be exonerated, but I still will be New Jersey’s senior senator.”
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McCarthy privately outlines new GOP plan to avert shutdown, setting up clash with Senate | CNN Politics
CNN
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House Speaker Kevin McCarthy privately outlined to members a new GOP plan to keep the government open on Wednesday after a marathon two-and-a-half-hour GOP conference meeting.
The California Republican later told reporters that Republican negotiators made “tremendous progress as an entire conference,” following days of GOP infighting and less than two weeks before a government funding deadline.
“We are very close,” McCarthy said Wednesday evening when asked specifically what progress had been made on the GOP short-term bill. “I feel like just got a little more movement to go there,” he added of the new GOP plan. When asked specifically about the topline numbers, he wouldn’t get into details but said: “We’re in a good place.”
The plan, as outlined by the speaker, would keep the government open for 30 days at $1.471 trillion spending levels, a commission to address the debt and a border security package. Separately, they also agreed to move year-long funding bills at a $1.526 trillion level. That level is below the bipartisan agreement that the speaker reached with the White House to raise the national debt limit.
The levels are also far lower than what senators from both parties and the White House are willing to accept, meaning it’s unclear how such a deal would avert a government shutdown. With just 10 days left to fund the government, the new plan sets up a standoff with the Senate over how to keep the government open.
As part of the deal, Republicans now believe they have the votes to move forward on the yearlong spending bill that five conservative hardliners scuttled just Tuesday.
GOP Rep. Mike Garcia of California said after Wednesday evening’s conference meeting there is now “a little more clarity” on the path forward.
“We have a little more clarity as to a potential plan moving forward,” Garcia said, adding, “We are still negotiating that final number and trying to figure out exactly what we can do.”
Some of the people that were previously opposed now signaled they are supportive. Reps. Ralph Norman of South Carolina and Ken Buck of Colorado indicated they will flip to a yes on the rule and will vote to advance the Department of Defense bill Thursday after the speaker came down to the spending levels that Norman had been demanding.
“Sounds like we’ve got the votes for the rule,” Garcia said, pointing to Buck and Norman as having committed to changing to a “Yes.”
With McCarthy’s extremely thin margin in the chamber – and Democrats so far united against the GOP proposal – Republican leadership has been negotiating for days to try to win over enough GOP support to pass their legislation.
When asked about struggling to make progress earlier Wednesday, McCarthy repeated his favorite line, insisting he will never back down from a challenge no matter how messy.
“I wouldn’t quit the first time I went for the vote for speaker,” McCarthy said, a reference to how he was voted speaker only after 15 rounds and days of voting in January. “The one thing if you haven’t learned anything about me yet, I will never quit.”
However, an additional potential complicating factor emerged Wednesday night with former President Donald Trump, the front-runner for the 2024 Republican nomination, coming out in opposition to a short-term funding bill as he called on lawmakers to defund the DOJ and the investigations into him.
McCarthy and his GOP leadership team have been trying to sell the House Republican Conference on unifying behind a plan to fund the government, brokered between the House Freedom Caucus and the more moderate Main Street Caucus over the weekend. But that proposed legislation encountered immediate opposition from more than a dozen far-right Republican lawmakers who wanted deeper spending cuts attached.
Amid that impasse with conservatives, moderates in the bipartisan House Problem Solver’s Caucus are close to finalizing their own framework on a short-term spending bill that would fund the government for several months at current levels and include Ukraine aid and disaster assistance, according to two sources. Even with Democratic support, that plan would still likely face major challenges – not the least of which is how it would get to the floor before the government runs out of money.
There are already signs that this alternative plan could face its own strong headwinds – not just with Republicans but with Democrats. Rep. Pramila Jayapal, a progressive Democrat from Washington state, told CNN on “Inside Politics” that she wants a “clean” continuing resolution of funds, a sign that progressives may not back some of the border security provisions that the Problem Solvers Caucus members are eyeing.
House Democratic leader Hakeem Jeffries met with the House Problem Solvers Caucus earlier Wednesday, and said afterward that they need a bipartisan agreement in line with what was already negotiated in the debt ceiling package.
“We need to find a bipartisan agreement consistent with what was previously reached,” he said.
House GOP leadership announced Wednesday night that the House will be in and voting on Friday and Saturday, making official what was expected as the majority struggled to reach an agreement all week.
The House is expected to pass a rule for the defense appropriations bill Thursday. Assuming the rule passes, the House will then start consideration of the defense bill with final passage expected Friday.
The thinking would then be to pass the new GOP stopgap plan on Saturday, which is expected to be a full day.
Members were advised on Tuesday to keep their schedules flexible as weekend votes were possible. Members filtering in and out of Whip Emmer’s office the past two days are insistent that they are making progress, but Rep. Kelly Armstrong of North Dakota told CNN earlier Wednesday that while they are getting closer, they are not close yet.
Rep. Garrett Graves from Louisiana, who has been in the room for negotiations, had echoed that schedule change and projected Friday and Saturday work.
“I think we’re going to be here this weekend,” he said.
When pressed on what exactly they’d be up to and if they’d be able to vote by Saturday, Graves said, “Well, we won’t be having Mardi Gras parties,” indicating they’d be voting.
Rep. Steve Womack, a Republican from Arkansas who sits on the House Appropriations Committee, lambasted the hardliners, calling it a “breach of duty.”
“We’ve got a handful of people that are holding the rest of the conference, the majority of our conference kind of held hostage right now and in turn, holding up America,” he told CNN.
Womack also said this will likely extend into the weekend and that “either it’s gonna be good or it’s gonna be bad.”
This story and headline have been updated with additional developments.
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State Rep. Gloria Johnson of ‘Tennessee Three’ launches US Senate bid | CNN Politics
Washington
CNN
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Tennessee Rep. Gloria Johnson, who made national headlines earlier this year as one of three lawmakers facing expulsion over protesting for more gun control on the state House floor, announced a longshot bid for the US Senate on Tuesday.
“We need somebody that’s gonna care about Tennessee families and lifting them up and making sure that it’s them that we’re trying to cut costs and not cutting costs for corporations and billionaires. We’ve got to make sure that Tennessee families are earning a good wage, have access to affordable health care, have great schools for their kids, and can live in dignity and be able to retire,” Johnson said during remarks, according to a campaign news release.
Johnson first made national headlines when she and state Reps. Justin Jones and Justin Pearson advocated for gun reform measures in late March following a mass shooting that devastated a Nashville school. They all faced expulsion after Republicans in the chamber accused them of “knowingly and intentionally” bringing “disorder and dishonor to the House of Representatives” for leading the protest. Jones and Pearson, who are Black, were expelled – but Johnson, who is White, was not, a decision she categorized as racially motivated at the time.
Pearson will serve as a co-chair on the campaign, according to the news release.
Johnson faces long odds in her hopes of unseating Republican Sen. Marsha Blackburn in the deep red state of Tennessee, which hasn’t elected a Democrat to the Senate since 1990.
Nonetheless, some of Johnson’s campaign video was aimed at Blackburn’s stance on reproductive rights and her voting record on lowering prescription costs.
“Look, I’m 6’3. I’m not afraid to stand up to anyone when it comes to doing what’s right for Tennessee, especially Marsha Blackburn, and that’s why I’m running for Senate,” Johnson said.
First, Johnson will have to win the Democratic primary, where she already has company. Memphis environmental activist Marquita Bradshaw, the Democratic Senate nominee in 2020 who lost to Republican Bill Hagerty, announced in July that she would challenge Blackburn.
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Bernie Sanders Fast Facts | CNN Politics
CNN
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Here is a look at the life of US Senator Bernie Sanders, an independent senator from Vermont and former 2020 presidential candidate.
Birth date: September 8, 1941
Birth place: Brooklyn, New York
Birth name: Bernard Sanders
Father: Eli Sanders, paint salesman
Mother: Dorothy (Glassberg) Sanders
Marriages: Jane (O’Meara) Sanders (1988-present); Deborah (Shiling) Messing (married and divorced in the 1960s)
Children: With Susan Mott: Levi; stepchildren with Jane (O’Meara) Sanders: Heather, Carina, David
Education: Attended Brooklyn College, 1959-1960; University of Chicago, B.A. in political science, 1964
Religion: Jewish, though he has told the Washington Post he is “not actively involved with organized religion”
Although independent in the US Senate, Sanders has run as a Democrat in his two bids for the presidential nomination, in 2016 and 2020.
His father’s family died in the Holocaust.
During the 1960s, he spent half a year on a kibbutz in Israel.
Was a member of the Young People’s Socialist League while at the University of Chicago.
The longest serving independent member of Congress in American history.
Sanders applied for conscientious objector status during the Vietnam War.
Nominated for a Grammy Award but did not win.
August 28, 1963 – Attends the March on Washington for Jobs and Freedom.
1972, 1976, 1986 – Unsuccessful bids for governor of Vermont.
1972, 1974 – Unsuccessful bids for the US Senate.
1981 – Wins the race for mayor of Burlington, Vermont, by 10 votes, running as an independent.
1981-1989 – Mayor of Burlington for four terms.
1988 – Unsuccessful bid for the US House of Representatives.
1990 – Wins a seat on the US House of Representatives by about 16% of the vote.
1991-2007 – Serves eight terms in the US House of Representatives.
1991 – Co-founds the Congressional Progressive Caucus.
2006 – Wins a seat on the US Senate with 65% of the vote.
January 4, 2007-present – Serves in the US Senate.
December 10, 2010 – Holds a filibuster for more than eight hours against the reinstatement of tax cuts formulated during the administration of President George W. Bush. The speech is published in book form in 2011 as “The Speech: A Historic Filibuster on Corporate Greed and the Decline of Our Middle Class.”
2012 – Wins reelection for a second term in the US Senate. Receives 71% of the vote.
2013-2015 – Serves as chairman of the Senate Committee on Veterans’ Affairs.
April 30, 2015 – Announces his run for the Democratic presidential nomination in an email to supporters and media.
May 1, 2015 – Sanders’ campaign raises more than $1.5 million in its first 24 hours.
January 17, 2016 – Sanders unveils his $1.38 trillion per year “Medicare-for-All” health care plan.
February 9, 2016 – Sanders wins the New Hampshire primary, claiming victory with 60% of the vote. He’s the first Jewish politician to win a presidential nominating contest.
July 12, 2016 – Endorses Hillary Clinton for president.
August 21, 2017 – Sanders pens a commentary article in Fortune magazine outlining his health care proposal “Medicare-for-all.”
November 28, 2017 – Is nominated, along with actor Mark Ruffalo, for a Grammy in the Spoken Word category for “Our Revolution: A Future to Believe In.”
February 26, 2018 – Sanders’ son, Levi Sanders, announces he is running for Congress in New Hampshire. He later loses his bid in the Democratic primary.
November 6, 2018 – Wins reelection to the US Senate for a third term with more than 67% of the vote.
January 2, 2019 – The New York Times reports that several women who worked on Sanders’ 2016 presidential campaign had come forward alleging they had experienced sexual harassment, pay disparities and targeted disrespect by campaign members. Sanders immediately responds to the allegations, claiming that he was not aware of any of the claims and apologizes to “any woman who feels like she was not treated appropriately.”
February 19, 2019 – Announces that he is running for president during an interview with Vermont Public Radio.
February 20, 2019 – According to his campaign, Sanders raises nearly $6 million in the first 24 hours following the launch of his 2020 presidential bid.
March 15, 2019 – Sanders’ presidential campaign staff unionizes, making it the first major party presidential campaign to employ a formally organized workforce.
August 22, 2019 – Sanders unveils his $16.3 trillion Green New Deal plan.
October 1, 2019 – After experiencing chest discomfort at a campaign rally, Sanders undergoes treatment to address blockage in an artery. He has two stents successfully inserted.
October 4, 2019 – The Sanders campaign releases a statement that he has been discharged from the hospital after being treated for a heart attack. “After two and a half days in the hospital, I feel great, and after taking a short time off, I look forward to getting back to work,” Sanders says in the statement.
February 3, 2020 – The Iowa Democratic caucuses take place, but the process descends into chaos due to poor planning by the state party, a faulty app that was supposed to calculate results and an overwhelmed call center. That uncertainty leads to delayed results and a drawn-out process with both Sanders’ and former South Bend, Indiana, Mayor Pete Buttigieg’s campaigns raising concerns.
February 27, 2020 – Sanders’ presidential campaign challenges the results of the Iowa caucuses partial recount just hours after the state’s Democratic Party releases its results. In a complaint sent to the Iowa Democratic Party and Democratic National Committee, the Sanders campaign claims the state party violated its own rules by allowing the Buttigieg campaign to partake in the process because they didn’t meet the proper requirements.
February 29, 2020 – The Iowa Democratic Party certifies the results from the state’s caucuses, with Sanders coming in second behind Buttigieg and picking up 12 pledged delegates to Buttigieg’s 14. The certification by the party’s State Central Committee includes a 26-14, vote, saying the party violated its rules by complying with the Buttigieg campaign’s partial recanvass and recount requests.
April 8, 2020 – Announces he is suspending his presidential campaign.
April 13, 2020 – Endorses former Vice President Joe Biden for president.
January 28, 2021 – Sanders raises $1.8 million for charity through the sale of merchandise inspired by the viral photo of him and his mittens on Inauguration Day.
June 20, 2023 – Launches a Senate investigation into working and safety conditions at Amazon warehouses.
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Kentucky voters weigh in on McConnell’s health scare | CNN Politics
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Senate Minority Leader Mitch McConnell spoke Saturday at the Fancy Farm picnic, one of Kentucky’s classic political events, but his remarks were largely drowned out by jeers from the Democratic side of the crowd, who stomped their feet and yelled, “RETIRE,” and “DITCH MITCH” as he spoke.
McConnell’s appearance at the picnic comes amid recent questions about his health and political future. Late last month, he froze mid-sentence during a press conference in the US Capitol and had to be led away from the podium by his fellow senators and his aides. The Republican leader, 81, later returned and answered questions from the press, telling CNN’s Manu Raju, “I’m fine.”
In a statement several days after the incident, McConnell’s office said that he plans to continue to serve as Senate minority leader until the end of the 118th Congress. However, they did not say whether he plans to run for leader again in 2025, or for reelection to the Senate in 2026.
Speculation about McConnell’s future has become more common since he suffered a concussion and broken ribs after a fall in March. He was hospitalized and spent several weeks recuperating, including some time at an inpatient rehabilitation facility.
Earlier Saturday, McConnell entered the Graves County Republican Party Breakfast to a standing ovation and applause. But voters expressed some concern about how his health will affect his ability to continue serving in the Senate.
“This is my 28th Fancy Farm and I want to assure you it’s not my last,” McConnell told the crowd. “The people of this state have chosen me seven times to do this job, and I want you to know how grateful I am,” he added.
One young voter at the Graves County breakfast, Garrett Whiten, told CNN, “I think his time is probably about up.”
“I’m against older candidates, the current president, Mitch McConnell,” he added. “I think that they’ve run their course in politics, I think they’d be good for backing people now. But I think politics now is more of a young man’s game.”
However, some are willing to vote for him if he runs in 2026, despite their concerns.
“I’d vote for him. I, like all of his supporters, are concerned about – I want him to be healthy and safe,” said Phil Myers.
“But if he’s the Republican nominee, I will vote for him again, as I’ve voted for him every time he’s run, and I’d support him every way I could.”
Myers maintained that McConnell has “never backed down from a challenge. If I were 80 years old, and had a concussion, it’d take me a couple of months or a year to get over that. I mean, it’s normal, what doctors will tell you, that’s normal for a person that age.”
He continued, “He’s a very smart man. I mean, he’s been able to keep things from far left California, some of those ideas they have from being national policy. So I support Mitch McConnell.”
CNN has previously reported that McConnell also fell two other times in 2023, once on a trip to Finland to meet with the nation’s president, and at Reagan National Airport in Washington, DC, as he was exiting a plane.
McConnell freezes in press conference and is unable to finish statement
McConnell survived polio as a child, resulting in a slight limp that has grown more pronounced in recent years. In 2019 he suffered a fall at home in Kentucky and fractured his shoulder.
Every year, on the first Saturday in August, Kentucky’s politicians descend on the rural town of Fancy Farm in the Western corner of the state. While the voters and their families eat barbecue, play bingo, compete in a 5k race and enter raffles, candidates for every office from governor to state auditor to agricultural commissioner gather to give speeches and glad-hand with their constituents.
The picnic is hosted by St. Jerome, a Catholic Church in town, and boasts “the world’s largest one-day barbecue” as well as a long history of political speeches.
“While each picnic brings something unique, they all have three things in common: hot weather, hot barbecue and hot politics,” the Church’s website reads.
“Some of the nation’s most prominent politicians have addressed the crowds from the speakers’ stand, dating back to US Vice-President Alben Barkley, a native of the nearby town of Wheel, Kentucky,” the Church adds. “Attending in 1975 was Presidential candidate George Wallace, who had survived an assassination attempt to another part of the country. He told the crowd he was still ‘a little gun-shy’ after a photographer’s flash bulb exploded twice during a misty rain.”
Republicans at Saturday’s picnic were deferential toward the Senate Republican leader, giving him another standing ovation as he entered. Rep. James Comer began his remarks by saying “I want to thank Senator Mitch McConnell for the close working relationship that he and I have,” and McConnell joked that the event’s emcee, David Beck, took longer to introduce the senator than he was allotted to speak.
This story has been updated with additional information.
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Bob Menendez remains defiant amid bribery charges and calls to resign | CNN Politics
CNN
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Democratic Sen. Bob Menendez of New Jersey remained defiant on Monday after being indicted on bribery charges at the end of last week, saying he believes he will be exonerated as he responded to some of the specific charges and evidence outlined by prosecutors.
Menendez’s comments come amid a flurry of calls for his resignation – including from his own party and from his Senate colleagues. On Monday, Sens. Sherrod Brown of Ohio and Peter Welch of Vermont became the latest Democrats in the chamber call on Menendez to step down, joining Pennsylvania Sen. John Fetterman.
In a statement delivered to reporters, Menendez offered some of his first public defense against some of the evidence discovered by investigators during their search of his home, including hundreds of thousands of dollars in cash, which he argued he had on hand for emergencies and described as an “old-fashioned” habit derived from his family’s experience in Cuba.
“For 30 years, I have withdrawn thousands of dollars in cash from my personal savings account, which I have kept for emergencies, and because of the history of my family facing confiscation in Cuba,” said Menendez. “Now this may seem old fashioned, but these were monies drawn from my personal savings account based on the income that I have lawfully derived over those 30 years.”
According to the indictment, searches of Menendez’s home and safe deposit box that federal agents conducted in 2022 turned up nearly $500,000 in cash, including in envelopes inside jackets emblazoned with Menendez’s name. Prosecutors say some of the envelopes had the fingerprints or DNA of one of the business contacts from whom the senator is accused of taking bribes.
Menendez has been charged with three alleged crimes, including being on the receiving end of a bribery conspiracy. The conspiracy counts also charge his wife and three people described as New Jersey associates and businessmen.
The group is accused of coordinating to use Menendez’s power as a US senator to benefit them personally and to benefit Egypt.
On Monday, Menendez defended his record as it relates to Egypt, saying, “If you look at my actions related to Egypt during the period described in this indictment, and throughout my whole career, my record is clear and consistent in holding Egypt accountable for its unjust detention of American citizens and others, its human rights abuses, its deepening relationship with Russia, and efforts that have eroded the independence of the nation’s judiciary, among a myriad of concerns.”
Menendez has been called upon to resign by a growing list of prominent Democrats – including the New Jersey governor and six members of the state’s congressional delegation. Rep. Andy Kim announced Saturday plans to challenge Menendez in the Democratic primary next year should Menendez run again for his US Senate seat.
And on Monday, Brown and Welch joined Fetterman to become the second and third Senate Democrats to call for Menendez to step down.
“Senator Menendez has broken the public trust and should resign from the U.S. Senate,” said Brown, who is running for reelection next year.
Welch said in a statement later in the day that “the shocking and specific allegations against Senator Menendez have wholly compromised his capacity to be that effective Senator,” adding: “I encourage Senator Menendez to resign.”
Fetterman, who first called for Menendez’s resignation over the weekend, will return $5,000 in donations his campaign received from Menendez’s political action committee, according to the Pennsylvania Democrat’s office.
The New Jersey senator has denied wrongdoing and pushed back on calls to resign.
On Monday, Menendez accused those who “rushed to judgment” of doing so for “political expediency.”
“I recognize this will be the biggest fight yet,” Menendez said, referencing the legal battle ahead. “But as I have stated throughout this whole process, I firmly believe that when all the facts are presented, not only will I be exonerated, but I still will be New Jersey’s senior senator.”
This story has been updated with additional developments.
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Nevada GOP Senate candidate raised money to help other candidates — the funds mostly paid down his old campaign’s debt instead | CNN Politics
CNN
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Nevada Republican Senate candidate Sam Brown created a political action committee to “help elect Republicans” but most of its funds were spent paying down debt from his failed previous campaign. The group donated less than 7% of its funds to the candidates it was set up to support, according to campaign finance records – a move one campaign finance expert likened to using the PAC as a “slush fund.”
Brown formed the Duty First PAC in July 2022, saying the organization would help Republicans take back Congress. A month earlier, Brown lost the Republican Senate primary to Adam Laxalt after raising an impressive $4.4 million for his upstart campaign, but his campaign was left with more than $300,000 in debt.
Now Brown is running again in Nevada as a top recruit of Senate Republicans.
A former Army captain, Brown made lofty promises when launching his PAC, Duty First.
“With your support, we will: Defeat the socialist Democrats. Help elect Republicans who believe in accountability to the Constitution and service to the people. Stand with the #DutyFirst movement, chip in with a grassroots contribution today,” he said in a tweet announcing the PAC.
“We’ll ensure that the socialist agenda of the Democrats does not win in November, and the Republicans continue to be held accountable to defending our Constitution and defending our conservative principles. The country’s counting on us,” Brown said in an accompanying video for the PAC’s launch in July 2022.
Since then, the PAC raised a small amount – just $91,500 – and used the majority of their money – $55,000 – to repay debt from Brown’s failed campaign for Senate, which Brown had transferred over. Campaign finance experts told CNN this falls into a legal gray area.
Of the $90,000 spent so far, just $6,000 made its way to five Nevadan Republican candidates’ committees. An additional payment for $1,000 was listed as going directly to congressional candidate Mark Robertson as a contribution but lists the amount as being directly paid to the candidate at his home – not to his committee.
Instead, the Duty First PAC made over a dozen debt payments. A combined $23,000 was spent on website and software services used by Brown’s Senate campaign. Another $11,275 went towards paying down the failed campaign’s credit card, with an additional $3,000 spent on credit card interest fees.
Duty First paid off over $1,200 in credit card debt accrued at a country club near where Brown previously lived in Dallas, Texas, and ran for the state house in 2014. A spokesman for the Brown campaign said in an email to CNN the “facility fee” charges were for a fundraiser “hosted by supporters of Sam’s campaign.”
The most recent FEC filing shows Brown is now trying to dispute over $80,000 in remaining debt from the previous campaign, which the spokesman said “will be resolved in due course.” A majority of the disputed debt owed is for direct mail services used by Brown’s previous campaign.
Duty First PAC is also responsible for eventually repaying Brown $70,000 that he personally loaned his committees.
The spokesperson for Brown’s campaign defended the PAC’s spending.
“The PAC promised to support conservative candidates in Nevada, and it did exactly that by donating to every Republican candidate in Nevada’s federal races during the 2022 general election,” they said.
According to a CNN analysis of Duty First PAC’s FEC filings, of all the money raised, less than 7% went to candidates. When considering Brown’s personal loans, debt the PAC took on from Brown’s campaign, and expenditures, fewer than 2% of the PAC’s funds went towards candidates in 2022
The money not spent on debt went to a variety of consulting and digital marketing expenses. The PAC spent $1,090 on a storage unit, more than it donated to the winning campaign of Republican Rep. Mark Amodei.
Despite this, Brown played up his PAC’s donations to candidates in interviews and in posts on social media.
“I have pledged to help defeat the Democrats in Nevada,” he added in an email, announcing the launch of the PAC.
The PAC’s donations were from grassroots donors, who typically donated $50 or less.
Just a day before the 2022 midterm election, Brown announced donations to several candidates running for office in Nevada.
Records with the FEC show the 2022 donations to House candidates were made on October 31, while the donation to Laxalt’s Senate campaign was made in early September.
“The Duty First PAC proudly supports conservatives fighting for Nevada,” he said in a tweet after making the donations on November 7, 2022. “This past week, we donated funds to the four Republicans working to take back the House. Join us in supporting them right now!”
Later, following the 2022 midterms in a late November interview on a local Nevada radio station, Brown played up the PAC’s work and said it would continue to work between election cycles.
“Duty First is here to kind of work between the cycles, so to speak and help candidates who are running,” Brown said. “In fact this cycle, you know, we had raised money and supported all of our Republican federal candidates, Adam Laxalt, as well as the four Congressionals.”
“And so, it’s our way of pushing back against the Democrat agenda and their representation,” Brown said. “But, also, it gives Duty First supporters and people that believe in our mission, a sort of platform to remind Republicans what we’re about.”
Campaign finance experts CNN spoke to said Brown marketing the Duty First PAC as a way for people to financially support conservative candidates was a “creative way” for Brown to pay off old campaign debts behind the scenes.
“It creates a situation where contributors to a PAC may think that PAC is doing one thing, which is supporting political candidates, when in fact what it’s doing is being used to pay off long standing debts from a previous campaign,” said Stephen Spaulding, vice president of policy at Common Cause and former advisor to an FEC commissioner.
Since the FEC has not issued an advisory opinion that would “apply to that candidate and any other candidate that has a very similar situation,” Spaulding said transferring debts between campaign committees and PACs is a gray area in campaign finance law. In Brown’s case, his candidate committee was rolled into a PAC, Sam Brown PAC, that was associated with his candidacy, which the campaign finance experts agree is a common maneuver for candidates. But what struck the experts as odd was that Brown terminated the Sam Brown PAC, and transferred his outstanding loans and debts to the Duty First PAC.
Brown’s 2024 candidate committee, Sam Brown for Nevada, is an entirely new committee with its own FEC filings, despite having the same name as his previous committee. This committee, formed in July 2023, is not affiliated with the Duty First PAC, nor is it obligated to pay off the remaining $271,000 in previous campaign debt and loans.
“Unfortunately, Sam Brown, like too many other politicians, has given almost no money to other candidates and, instead, has used his PAC as a slush fund,” said Paul S. Ryan, executive director at Funders’ Committee for Civic Participation. “Many donors would understandably be upset if they learned their money wasn’t used to help elect other candidates like Brown – the reason they made their contributions,” he added.
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White House readies itself for operating in a government shutdown | CNN Politics
CNN
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The White House is now “girding for a shutdown” and senior West Wing officials are drawing up plans for which personnel would be deemed “essential” starting on October 1 as the deadline to fund the government is only a handful of days away.
Most of President Joe Biden’s senior-most aides are expected to be designated “essential,” meaning they would not be furloughed, one administration official said. The contingency planning currently underway kicked off in earnest on Friday when the Office of Management and Budget began its formal process of communicating with agencies about the possibility of bringing to halt all work deemed “non-essential.”
Within the ranks of the White House, prior shutdowns have seen employees whose roles carrying the title “Special Assistant to the President” – a rank that also carries access to the Navy Mess – automatically deemed to be serving in essential roles. A 2023 directory of White House staff and salaries submitted to Congress each year showed 97 employees with that title.
Even Biden is planning to remain in Washington this weekend, a relatively rare occurrence, as the likelihood of a shutdown loomed. He typically decamps for one of his Delaware homes or Camp David on Friday afternoons, but White House press secretary Karine Jean-Pierre told reporters Tuesday that he would remain in the capital.
The active preparations related to White House staffing is yet another sign of the widespread anticipation in Washington that lawmakers on Capitol Hill may fail to find a way to fund the government by the end-of-month deadline.
With four days until funding expires, Senate leadership on Tuesday reached a deal that would keep the government open through November 17, with $6.2 billion in funding for Ukraine and $6 billion for domestic disasters, CNN reported. A White House official had said earlier this week that Biden would be “broadly supportive” of a Senate-brokered deal, even if it included a fraction of the $24 billion the administration was seeking to continue assisting Ukraine.
But even after a deal was reached in the Senate, White House officials maintained that the ultimate outcome remained unpredictable, in large part because it was impossible to guess what House Speaker Kevin McCarthy’s next moves might be. McCarthy, who may see a harder-line package with steeper spending cuts as the antidote to his intra-party politics, has not committed to putting a bipartisan Senate bill on floor for a vote.
“Ultimately it’s going to come down to Kevin McCarthy and his conference,” said National Security Council coordinator for strategic communications John Kirby on CNN’s “The Lead with Jake Tapper.”
Behind the scenes, the White House is not confident the two chambers can reach a mutually agreed deal in the next few days.
“Nothing is inevitable, but every day that passes, it’s more likely,” a White House official said of a shutdown. “It’s hard to say we are confident about anything.”
The White House has been closely monitoring the ongoing deliberations on Capitol Hill, including McCarthy’s efforts to placate some of the hardline members of his own caucus, as well as the deliberations in the Senate.
Yet without a direct role in the negotiations, the White House strategy has been as much about messaging as it is about finding a funding solution. Biden’s aides are broadly confident that Republicans will catch the blame if the government shutters, and the president recorded a video this week pointing the figure at a “small group of extreme House Republicans” he said are “determined to shut down the government.”
House Republicans, he added, “refuse to stand up to the extremists in their party – so now everyone in America could be forced to pay the price.”
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John Kerry Fast Facts | CNN Politics
CNN
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Here’s a look at the life of former Secretary of State John Kerry.
Birth date: December 11, 1943
Birth place: Aurora, Colorado
Birth name: John Forbes Kerry
Father: Richard Kerry, a Foreign Service officer
Mother: Rosemary (Forbes) Kerry
Marriages: Teresa Heinz (1995-present); Julia Thorne (1970-1988, divorced)
Children: with Julia Thorne: Vanessa, 1976 and Alexandra, 1973
Education: Yale University, B.A., 1966; Boston College, J.D., 1976
Military Service: US Navy, 1966-1970, Lieutenant
Religion: Roman Catholic
Grew up overseas, having lived in Berlin before going to a Swiss boarding school at age 11.
After his return from Vietnam, he became a leader of the group Vietnam Veterans Against the War.
Kerry holds the record for the most miles of travel by a US secretary of state, having traveled more than 1.4 million miles when he left office in January 2017.
Appeared in a cameo role on NBC’s “Cheers.” His last name is spelled incorrectly on the 1992 episode’s end credits, as “John Kerrey.”
1966-1969 – Serves in the Navy in Vietnam as a gunboat officer on the Mekong Delta. Kerry is awarded the Silver Star, the Bronze Star and three Purple Hearts.
1971 – Speaks to members of the Senate Foreign Relations Committee and makes headlines at a Washington, DC protest by disposing of his medals on the Capitol lawn. Later admits the medals belonged to someone else.
1972 – Runs unsuccessfully for Congress, Massachusetts’ 5th District.
1976 – Is admitted to the Massachusetts State Bar.
1976-1979 – District attorney of Middlesex County, Massachusetts.
1979-1982 – Partner in the law firm Kerry & Sragow in Boston.
1982-1984 – Lieutenant Governor of Massachusetts under Michael Dukakis.
1984 – Is elected as a Democrat to the US Senate for Massachusetts.
1990 – Wins a second term in the US Senate.
1996 – Reelected to the Senate.
November 5, 2002 – Is reelected to a fourth Senate term. He runs unopposed and is the first Massachusetts senator in 80 years with no major party opposition.
February 12, 2003 – Has surgery to remove a cancerous tumor on his prostate gland. Kerry’s doctors announce the cancer had not spread and he will not have to have radiation treatments. He is released February 15.
September 2, 2003 – Formally announces his candidacy for the Democratic nomination for president. In Kerry’s announcement speech, he says President George W. Bush is taking America “in the wrong direction.”
March 11, 2004 – CNN reports Kerry has received the exact number of Democratic delegates to assure his nomination as the candidate for president.
July 6, 2004 – Kerry names Senator John Edwards (D-NC) as his vice presidential running mate.
November 2, 2004 – Bush is reelected with 62,040,606 votes to Kerry’s 59,028,109. Kerry receives 252 Electoral College votes, and Bush gets 292.
November 3, 2004 – Calls Bush to concede the White House race.
November 1, 2006 – Apologizes after saying college students need to study hard or else they will “get stuck in Iraq.”
January 24, 2007 – Announces he will not be running for president in the 2008 election and will run for a fifth Senate term instead.
January 10, 2008 – Endorses Barack Obama in the 2008 presidential race, not former running mate Edwards.
November 4, 2008 – Wins a fifth term in the US Senate.
2009-2013 – Chairman of the Senate Foreign Relations Committee.
June 4, 2009 – The IRS files a $820,000 lien against Kerry’s 2004 presidential campaign over payroll taxes.
August 2009 – Has hip surgery to address chronic pain.
August 2011 – Kerry is selected as one of 12 members of the Joint Select Committee on Deficit Reduction, created to work out $1.5 trillion in deficit reduction after an initial round of more than $900 billion in spending cuts.
December 21, 2012 – Is nominated to be secretary of state by President Obama.
January 29, 2013 – Kerry is confirmed as the next secretary of state by the US Senate; the vote is 94-3.
February 1, 2013 – Is sworn in as the 68th secretary of state.
May 31, 2015 – Breaks his femur while riding his bike in Scionzier, France. Kerry is flown to a nearby hospital in Geneva, Switzerland, for examination.
June 2, 2015 – After returning to the United States early for treatment of his leg injury, Kerry participates via phone in talks with European and Middle Eastern allies about ISIS. During the summit, Kerry declares the terrorist network is “no more a state than I am a helicopter.”
June 12, 2015 – Kerry is discharged from the hospital after undergoing surgery. Leaning on crutches, he greets the media and ensures reporters that nuclear talks with Iran will proceed as scheduled.
July 14, 2015 – The nuclear deal with Iran is finalized after numerous deadline extensions. Discussing the deal in Vienna, where the peace talks took place, Kerry says the agreement was long in the works because the United States and its allies made tough demands. “Believe me, had we been willing to settle for a lesser deal, we would have finished this negotiation a long time ago,” Kerry tells the media at a news conference.
July 18, 2015 – During an interview with CNN’s Jake Tapper, Kerry declares that he has no interest in launching a 2016 presidential campaign. “Zero. Absolutely none whatsoever,” Kerry says.
August 14, 2015 – Kerry visits Havana, Cuba, to raise the flag above the US embassy as it reopens for the first time in 54 years.
April 11, 2016 – Kerry becomes the first sitting US secretary of state to visit the Hiroshima memorial in Japan. Hiroshima was devastated when the United States dropped an atomic bomb on the city in August 1945.
December 10, 2016 – French Foreign Minister Jean-Marc Ayrault presents Kerry with the insignia of Grand Officer of the Legion of Honor at a ceremony in Paris.
January 20, 2017 – Leaves office.
March 1, 2017 – The Carnegie Endowment for International Peace announces that Kerry will be joining them as a visiting distinguished statesman.
August 2017 – Serves as co-leader of the Carter Center’s mission of observers in Kenyan elections.
October 4, 2017 – Is named chairman of the Bank of America Global Advisory Council.
September 4, 2018 – His memoir, “Every Day Is Extra,” is published.
December 1, 2019 – Launches World War Zero, a bipartisan initiative of world leaders and celebrities to combat the climate crisis.
December 5, 2019 – Kerry endorses Joe Biden for president in the 2020 race, saying the former vice president has the character and leadership skills to beat President Donald Trump.
November 23, 2020 – President-elect Biden appoints Kerry as his special presidential envoy for climate. Kerry will be a Cabinet-level official and will sit on the National Security Council (NSC), marking “the first time that the NSC will include an official dedicated to climate change,” according the Biden transition team.
November 9, 2022 – Kerry announces a new, controversial plan to raise cash for climate action in the developing world. The plan has already attracted criticism due to the way it will be financed, with money raised in sales of carbon credits, which allow companies to pay for someone else to cut their planet-warming emissions, instead of cutting their own.
November 18, 2022 – The State Department says Kerry has tested positive for Covid-19 at the United Nations’ COP27 climate summit in Sharm el-Sheikh, Egypt, but is “working with his negotiations team and foreign counterparts by phone to ensure a successful outcome of COP27.”
July 2023 – Kerry travels to Beijing for climate talks with his Chinese counterparts. In the meeting with China’s Premier Li Qiang, Kerry stresses the “need for China to decarbonize the power sector, cut methane emissions, and reduce deforestation,” a spokesperson for the US State Department says in a statement.


