Biden-McCarthy Debt Limit Deal Puts Government Services on a Diet
The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20
2023-05-31 09:56
China’s Factory Slump Worsens in Sign of Weak Economic Recovery
China’s manufacturing activity contracted for a second straight month in May, providing more evidence the post-Covid recovery in
2023-05-31 09:55
DeSantis Heads to Iowa in Fight for Trump Votes in Heartland
Ron DeSantis is kicking off his 2024 Republican presidential campaign this week with a trip to early voting
2023-05-31 09:49
Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next
The bipartisan agreement to raise the debt limit cleared a key hurdle on Tuesday evening despite vehement criticism from many House Republicans. The House Rules Committee voted 7-6 to advance the legislation that codifies the bipartisan agreement struck between House Speaker Kevin McCarthy’s team and negotiators from President Joe Biden’s administration. The rule will now go to the full House floor before the agreement comes to a full House vote. The rule passed after an hours-long deliberation in the committee that included multiple amendment proposals. The vote comes as Treasury Secretary Janet Yellen has warned that the United States will be unable to satisfy its debt obligations come 5 June. The House of Representatives is set to vote But many House Republicans raised objections, including members of the House Freedom Caucus who had previously opposed Mr McCarthy’s bid for speaker in January. Rep Andy Biggs (R - AZ) told The Independent that Mr McCarthy’s deal with the White House was a repeat of his past behaviour. “When he was been in leadership for 13 years, it was not uncommon for him to be the point man to go negotiate a spending cap deal with the Democrats,” he said. Many Republicans criticised the fact that the legislation keeps in place Mr Biden’s student loan forgiveness, only claws back a small sliver of money meant to increase funding for the Internal Revenue Service and raises the debt limit until January 2025, after the 2024 presidential election. Rep Bob Good (R - VA) told The Independent that the bill symbolised a surrender from House Republican leadership. “We have literally come together and our leadership and their leadership and agreed on a Democrat bill,” Mr Good told The Independent. But many allies of Mr McCarthy also opposed the legislation. Rep Nancy Mace (R - SC), who voted for Mr McCarthy for speaker in January, announced her opposition to the bill. “Washington is, was and always will be lousy at responsibly spending your tax dollars,” she tweeted. “That won’t change unless we demand change.” Rep Chip Roy (R - TX) refuted the idea that conservatives would want the United States to default on its debt obligations. “The only person who would default in this town is Joe Biden unless Republicans default on the American dream by voting for this bad bill,” he said at a press conference. “That is why this group will oppose it, we will continue to fight it, today, tomorrow, and no matter what happens, there’s going to be a reckoning about what just occurred.” Mr Roy had tweeted on Monday that during the negotiations for the speakership, Republican leaders pledged that nothing would pass the Rules Committee without at least seven Republican votes and the committee would not allow for reporting out rules without unanimous Republican votes. During the negotiations, Mr Roy tried to stress his opposition and said why Republicans should oppose the bill. “We're not going to reduce spending through this deal. Unless we actually stand up and reduce spending it'll be on us to choose to,” he said during the hearing. “But this deal isn't going to reduce spending even though everybody's going around saying it will.” But some Republicans stressed that the agreement was the only one that could pass the House and Senate and end up on the president’s desk. “We only control one-half of one-third of government,” Rep Erin Houchin (R - IN) said. “There’s no better deal to be had.” Mr McCarthy expressed confidence in a press conference that he would have enough votes to raise the debt limit. “I’m not sure what in the bill people are concerned about,” he told reporters, saying it is the largest savings in congressional history. “We’re pulling money back for the hard-working taxpayers that are going to China. Are they opposed to work requirements for welfare?” On the Senate side, both Republican and Democratic leaders praised the agreement. “Congress will vote on legislation that locks in that important progress,” Senate Minority Leader Mitch McConnell (R - KY) said in remarks on the Senate floor. “Republicans have a tremendous opportunity to take on an existential challenge facing our economy and future generations of Americans. We have a chance to start bringing Washington Democrats’ reckless spending to heel.” Senate Majority Leader Chuck Schumer said the bill was a reasonable compromise. “Of course, nobody is getting everything they want – there is give on both sides – but this agreement is the responsible, prudent and very necessary way forward,” he said on the Senate floor. Mr Schumer said he would bring the bill up as quickly as possible for consideration before the default deadline on 5 June. Read More Biden ‘optimistic’ about McCarthy negotiations as AOC slams ‘dysfunctional’ debt ceiling system Debt ceiling deal reached between Biden and McCarthy Conservatives bark after the debt limit deal. Will they actually bite McCarthy? GOP chairman moves to hold FBI director Wray in contempt over Biden doc Utah Republican Chris Stewart planning to resign from Congress, AP source says Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
2023-05-31 09:21
DeSantis hits familiar targets of Fauci, Disney and ‘wokeism’ in first rally as 2024 candidate
Governor Ron DeSantis was in Iowa on Tuesday for his first rally of the 2024 Republican primary cycle — but his remarks were clearly aimed at a general election audience. The conservative governor punched at a whole host of familiar GOP foes during the evening event in west Des Moines, where voters will have the first crack at the Republican field of 2024 candidates. But Mr DeSantis himself did not swipe at any of those rivals. Instead, he focused his fire on the news media, the federal government and its related bureaucracy, and even the Disney corporation which has become embroiled in a feud with him in his home state. His list of targets was a choice selection of Republican red meat. Dr Anthony Fauci, Hunter Biden, critical race theory, “gender ideology” and diversity, equity and inclusion (DEI) initiatives were all up for skewering. So to was George Soros, the Jewish billionaire whose involvement in Democratic-leaning politics has spawned a host of antisemitic conspiracy theories on the right; Mr DeSantis attacked “Soros-backed prosecutors” who he blamed for supposedly refusing to enforce laws of which they disapprove. It was a campaign speech that had all the signs of both the strengths that propelled Mr DeSantis to victory twice in Florida as well as the weaknesses which may very well doom his 2024 bid for the presidency unless a major change in the status quo takes place. The main weakness it highlighted: Mr DeSantis’s unwillingness to engage in a direct fight with Donald Trump, his presumed rival for the GOP nomination. Mr Trump remains the steady favourite in all available polling of the upcoming contest, and it is difficult to see how the Florida governor reverses his recent polling slide without confronting the former president by name. That was one thing Mr DeSantis avoided completely on Tuesday, a fact that drew into question his claim to be willing to stand up to any rival or political foe who came forth. Worse, the governor took a few veiled shots at the leading candidate — references to a single term in the White House being insufficient to clear out the “swamp” in Washington, blame for “empower[ing]” Republican foes like Dr Fauci — but those attacks failed to draw serious blood and left watchers of the address wondering why Mr DeSantis is so hesitant to call out the man who has been personally and politcally degrading him in statements for weeks. “If you are faced with a destructive bureaucrat in your myths like a Fauci, you do not empower somebody like Fauci, you bring him into the office and you tell him to pack his bags, you are fired,” said the governor in one half-hearted attempt at landing a blow on his rival. In another: “At the end of the day leadership is not about entertainment. It's not about building a brand. It's not about virtue signaling. It is about results. And in Florida, we didn't lead with merely words. We followed up our words with deeds, and we have produced a record of accomplishment that we would put up against anybody in this country.“ More follows... Read More Fair-weather DeSantis’ climate change rejection is ‘politicization’ at its finest LGBTQ people are fleeing Florida in ‘mass migration’ with some fundraising via GoFundMe Ron DeSantis called out for ‘ignoring’ Hollywood beach shooting: ‘He doesn’t care’
2023-05-31 08:57
Kospi Climbs 20% From September Low, Heads for Bull Market
South Korea’s equity benchmark headed for a bull market as purchases by foreign investors helped boost shares of
2023-05-31 08:23
South Korea Is Wagering Its Stock Market Fortunes on MSCI’s ‘Developed’ Status
For years, South Korea has been home to more global conglomerates than Hong Kong, boasted a higher purchasing
2023-05-31 07:20
Ron DeSantis called out for ‘ignoring’ Hollywood beach shooting: ‘He doesn’t care’
Florida Governor Ron DeSantis faced criticism on Tuesday for failing to issue a statement about the mass shooting in Hollywood, Florida that left nine people, including four children, injured. Mr DeSantis, who announced his campaign for US president last week, made no mention of the victims or event on his social media nearly a day after the shooting. Five adults and four children, including a one-year-old, suffered gunshot wounds after two groups of people engaged in gunfire at the Hollywood Beach Broadwalk on Monday. The shooting is one of over 260 to occur in the US so far this year. It comes just one month after Mr DeSantis signed legislation that will loosen restrictions on concealed carry on 1 July. The Independent has reached out to Mr DeSantis for comment. Florida Senator, and former governor, Rick Scott tweeted that he was “heartbroken and angry to see this senseless violence” and indicated he would monitor the situation. Representatives Maxwell Frost, Lois Frankel, Debbie Wasserman Schultz, Sheila Cherfilus-McCormick and Frederica Wilson all acknowledged the shooting on their social media pages. California Governor Gavin Newsom called out Mr DeSantis on Twitter for passing the legislation and contributing to “this kind of senseless violence.” “Until our leaders have the courage to stop bowing down to the NRA and enact common-sense gun safety this kind of senseless violence will continue,” Mr Newsom wrote. Mr DeSantis’ press secretary Jeremy Redfern replied to Mr Newsom “Hi Gavin, How does a law that doesn’t take effect until July 1st change this outcome?” Besides Mr Redfern’s response to Mr Newsom’s tweet, Mr DeSantis’ office had not issued a statement about the shooting leading to some criticsm on Twitter. “9 people were shot in Hollywood, Florida and it sure as hell wasn’t by Drag Queens,” one Twitter user said. A Twitter user named David tweeted: “I kind of appreciate Ron DeSantis not even bothering to offer thoughts and prayers to victims of the mass shooting in Hollywood Beach last night. He doesn’t care. It’s more honest.” “So is Governor DeSantis going to pretend that a mass shooting didn’t happen in his state so that he can have his rally in Iowa? Has he even made a public statement about the shooting yet?” Another Twitter user wrote. One Twitter user asked: “Does Ron DeSantis even offer thoughts and prayers when his state has another mass shooting or is it just another Monday in Florida?” Six of the nine shooting victims remained in the hospital on Tuesday, while three had been treated and discharged. Hollywood Police said they arrested two people but were still looking for three persons of interest connected to the shooting. Read More Hollywood beach shooting – live: Photos show suspects on the run after nine shot on Florida boardwalk One-year-old among nine people wounded in Memorial Day mass shooting at Florida beach boardwalk A sunny Memorial Day at the beach upended by gunfire: What we know about the shooting in Hollywood, Florida
2023-05-31 06:45
Debt-Limit Deal Will Pass House Wednesday, Jeffries Says
Democrats will deliver at least enough votes in combination with Republicans to guarantee House passage Wednesday night of
2023-05-31 06:28
Who is Robert Bowers: Alleged antisemite on trial for Tree of Life synagogue shooting
On 27, October, 2018, Robert Bowers, then 46, allegedly walked into the Tree of Life Synagogue in Pittsburgh, Pennsylvania, and began shooting at worshippers. He allegedly killed 11 people before he was shot and wounded and surrendered to police. Mr Bowers now faces 63 federal counts, including 11 counts each of obstruction of free exercise of religion resulting in death as well as hate crimes resulting in death. He could face the death penalty if convicted. He has pleaded not guilty. Nearly five years have passed since the shooting, but Mr Bowers' trial is only now kicking off in earnest. The trial began on Tuesday and is expected to last until late July. In the months leading up the shooting, Mr Bowers was allegedly spewing bigoted and antisemitic vitriol online, investigators say. He allegedly called immigrants "invaders" and posted racist memes, including some that accused Jewish people of being the "enemy of white people." On the day of the shooting he reportedly posted a message to a web forum, saying "I can't stand by and watch my people get slaughtered. Screw your optics, I'm going in." He then allegedly proceeded to murder 11 people at the synagogue. After his arrest, police learned that Mr Bowers had 21 weapons registered to his name. He was otherwise unknown to law enforcement. They then began to review Mr Bowers' online presence, finding an account on Gab — a supposedly free speech oriented, right wing social media alternative to the likes of Twitter — where he allegedly posted a steady slew of hate. His bio included the phrase "Jews are the children of Satan" and his posts consisted of anti-Jewish slurs and conspiracy theories, according to the New York Times. The conspiracy theories included allegations that Jewish people were smuggling Muslims into the US, and another showing an image of the Auschwitz concentration camp, with the photo doctored to make its infamous gate read "Lies Make Money." Days before the shooting he called then-president Donald Trump a "globalist" — often a term carrying antisemitic implications — and said "there is no #MAGA as long as there is a k*** infestation." The omitted word is a racial slur used against Jewish people. Police claim that after being shot and wounded at the synagogue, Mr Bowers said: “These people are committing genocide on my people. I just want to kill Jews.” His defence attempted to have that quotation barred from consideration at his trial, arguing he made the statement before he was read his Miranda warning. A judge denied the motion. The alleged gunman worked as a trucker before the shooting. Prosecutors are arguing that hate drove Mr Bowers' alleged attack on the synagogue. “The depths of the defendant’s malice and hate can only be proven in the broken bodies” of those killed, and through “his hateful words,” Assistant US Attorney Soo C Song said during her opening statement. Prosecutors claimed in an earlier filing that Mr Bowers allegedly “harbored deep, murderous animosity towards all Jewish people.” The defence — after unsuccessfully arguing against the use of Mr Bowers' statements to police and for a change of venue — have filed a notice of mental infirmity again his potential sentencing, according to court records. They claim Mr Bowers has been diagnosed with schizophrenia and epilepsy. His attorneys have also offered a plea deal in exchange for the removal of the death penalty. Read More Gab: Inside the social network where alleged Pittsburgh synagogue shooter posted final message Synagogue shooter 'listened to noise and noise told him his people were being slaughtered', says Jewish doctor who spoke to Robert Bowers Trial for accused gunman in Pittsburgh synagogue massacre slated to start
2023-05-31 06:20
FDIC to Release Report on Bank System Health Spanning SVB, Signature Failures
The Federal Deposit Insurance Corp. on Wednesday will publish a comprehensive report on the health of the banking
2023-05-31 05:59
Ukraine Recap: Russia to Boost Air Defense After Moscow Targeted
President Vladimir Putin pledged to boost air defenses around Moscow after the Kremlin blamed Kyiv for the biggest
2023-05-31 05:24
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