Pa. Senate GOP primary too close to call, recount likely
Pennsylvania’s Republican primary for an open U.S. Senate seat is too close to call and is likely headed for a statewide recount to decide the winner of the contest between heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick.
Lamb revives gun incident to attack Fetterman in Senate race
Conor Lamb is accusing rival John Fetterman in Pennsylvania’s Democratic primary for U.S. Senate of skipping candidate forums to avoid talking about a 2013 incident in which he confronted a Black man, shotgun in hand, because he suspected the man was involved in gunfire nearby.
Climate change a rising Fed concern as nominees face hearing
How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on the nominations of Sarah Bloom Raskin and two economists to the Fed’s influential Board of Governors.
Biden nominates 3 for Fed board, including first Black woman
President Joe Biden nominated three people for the Federal Reserve’s Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the board.
Stephen Colbert Exposes Known ‘Liar’ Dr. Oz Ahead of Pennsylvania Senate Run
CBSStephen Colbert kicked off his run of jokes about Dr. Mehmet Oz’s big campaign announcement on Tuesday with a bit of a softball: “Turns out, running for Senate is the one weird trick to reduce belly fat.”It thankfully got harsher from there.“Now, this is Dr. Oz’s first time running for office,” the Late Show host said of the TV doctor’s announcement that he will be running as a Republican for the open seat being vacated by Sen. Pat Toomey (R-PA). “So he’s staying humble with his promises.” Asnews.yahoo.com
GOP paints Biden's choice for bank regulator as radical
President Joe Biden’s choice to become one of the top banking regulators endured a contentious nomination hearing Thursday, with Republican senators warning she would nationalize the U.S. banking system and Democrats saying she’s eminently qualified and would be tough overseer of Wall Street.
Local Democrats warn party: Growing Republican wave is real
Democrats in Bucks County, Pennsylvania, felt the Republican wave building over the summer when frustrated parents filled school board meetings to complain about masking requirements and an academic theory on systemic racism that wasn’t even taught in local schools.
A potential Powell renomination for Fed faces some dissent
Resistance to the potential renomination of Federal Reserve Chair Jerome Powell intensified this week, with Sen. Elizabeth Warren becoming the first senator to publicly oppose Powell and many progressive groups pushing for some alternative leader at the Fed.
GOP Sen. Pat Toomey: Trump should not be nominee in 2024
Retiring Sen. Pat Toomey (R-Pa.) told CNBC on Friday that he does not believe former President Trump should be the Republican presidential nominee in 2024, calling his behavior after the 2020 election "completely unacceptable."Why it matters: Toomey largely supported Trump and his agenda during his first term, but became one of seven Senate Republicans to vote to convict the former president after he was impeached for his role in the Jan. 6 Capitol insurrection. Stay on top of the latest marketnews.yahoo.com
Rep. Conor Lamb announces run for Senate seat in Pennsylvania
Rep. Conor Lamb (D-Pa.) announced Friday that he'll join the Democratic primary race for the U.S. Senate seat in Pennsylvania currently held by Sen. Pat Toomey (R-Pa.), who plans to retire. Why it matters: The centrist Lamb, 37, joins a crowded field in a state that's critical for Democrats' chances of retaining control of the Senate. Get market news worthy of your time with Axios Markets. Subscribe for free.Lamb first rose to prominence when he narrowly won a 2018 House special election in a Pinews.yahoo.com
Senators race to seal infrastructure deal as pressure mounts
Senators are racing to seal a bipartisan infrastructure deal as soon as Monday, as pressure is mounting on all sides to show progress on President Joe Biden's top priority. Heading into a make-or-break week, key senators and staff spent the weekend trying to reach a final agreement. One major roadblock is how much money should go to public transit.news.yahoo.com
Senators race to overcome final snags in infrastructure deal
Lawmakers racing to seal a bipartisan infrastructure deal early this coming week are hitting a major roadblock over how much money should go to public transit, the group’s lead Republican negotiator said Sunday. As discussions continued through the weekend, Ohio Sen. Rob Portman said both sides were “about 90% of the way there” on an agreement. “We have one issue outstanding, and we’re not getting much response from the Democrats on it,” he said.news.yahoo.com
Biden expresses confidence that "rational" gun control can pass evenly-divided Senate
President Biden on Sunday expressed confidence that a "rational" gun control bill can pass the evenly-divided Senate. "I'm the only one who has ever got them passed, man," Mr. Biden told reporters on Sunday. "The only gun control legislation that's ever passed is mine. Congress narrowly passed an assault weapons ban in 1994 when Mr. Biden was a senator, but it expired in 2005. Gun control advocates held a rally Sunday at the Colorado State Capitol, five days after 10 people were killed in a shooting a supermarket in Boulder, CBS Denver reported.cbsnews.com
$1,400 stimulus checks could be garnished. Some lawmakers are pushing to change that
As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, as some looked to change the policy. That's after the Treasury Department and IRS announced on Wednesday that 90 million checks have gone out thus far by direct deposit. To remedy that, Brown called for the passage of a bill he proposed alongside fellow Democrats Sen. Ron Wyden of Oregon, Sen. Bob Menendez of New Jersey and Sen. Chris Van Hollen of Maryland. However, efforts to pass that legislation were blocked by Sen. Pat Toomey, R-Pa.Toomey argued that it was too late the change the legislation, and that altering the rules could protect husbands or fathers who refuse to pay alimony or child support.cnbc.com
'Gamification' of online stock trading is not a problem, GOP senator says before GameStop hearing
The Pennsylvania Republican made the comments on "Squawk Box" ahead of Tuesday morning's Senate Banking Committee hearing on retail investors and the GameStop trading frenzy that began in January. Not for me," Toomey told CNBC. Toomey said he appreciated how stock trading platforms like Robinhood have created a new class of investor. GameStop shares later plunged to under $40 by mid-February, although the stock has been in a rally again recently and was back over $200 apiece during Tuesday's session. According to Senate financial disclosures, one of his kids bought between $1,001 and $15,000 worth of GameStop shares on Jan. 27 and sold out of the position completely on Jan. 28.cnbc.com
Republicans who voted to convict Trump in impeachment trial face backlash
Backlash has been swift and unrelenting for the few Republicans in Congress who voted alongside Democrats in Donald Trump's second impeachment trial. Some of the seven senators who voted to convict Trump on the charge of inciting the deadly Capitol riot are facing censure and criticism from within the party. One Republican who voted to impeach Trump in the House was reportedly even denounced by members of his own family. Maine's Republican Party could censure Sen. Susan Collins over her vote to convict, the Bangor Daily News reported Monday. 3 House Republican, was censured by her state's GOP earlier this month after she voted to impeach Trump.cnbc.com
GOP senators who voted to convict Trump are now facing backlash in their home states
The seven Republican senators who joined all 50 Democrats in voting to convict former President Donald Trump of inciting the Jan. 6 riot in the Capitol are now facing heat from conservatives in their home states. A meeting of the state GOP to formally censure the senator was postponed because of weather, the paper reported. Six of the seven Republicans will not be facing re-election next year, in the 2022 cycle. Each of the seven Republicans who voted to convict Trump has defended their decision to do so, in statements and in posts on social media. CNBC has reached out to each of the seven Republican lawmakers.cnbc.com
Here are the 7 Republicans who voted to convict Trump
Seven Republican senators voted to convict former President Trump on the charge of incitement to insurrection, joining Democrats to make it it a far more bipartisan vote than Mr. Trump's first impeachment trial. But something distinguishes most of the Republicans who voted to convict Mr. Trump — most of them aren't up for reelection soon. I voted to convict President Trump because he is guilty." I voted to convict President Trump because he is guilty. She added that Mr. Trump "had set the stage months" before Election Day and he "did everything in his power to stay in power."cbsnews.com