A wave of declarations across the U.S. is condemning racism as a public health crisis
Over 200 cities, counties and leaders across the country have declared racism a public health crisis. According to experts, decades of systemic racism continue to negatively impact the overall health of people of color.
news.yahoo.comLindsey Graham complained to a Capitol Police officer that they 'let people breach the Capitol' while they tried to outline an evacuation plan on January 6, book says
"Shut up, Lindsey!" Sen. Sherrod Brown replied, while another person chided Graham, telling him there were "no cameras" in the room.
news.yahoo.comVote on Biden Fed picks delayed as GOP presses for answers on Raskin's ties to firm
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. Sen. Sherrod Brown, the chairman of the Senate Banking Committee, said Tuesday afternoon that the committee will delay its votes on five of President Joe Biden's nominees to the Federal Reserve. This is breaking news. Please check back for updates.
cnbc.comClimate 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 Fedโs influential Board of Governors.
Fed's Powell: High inflation poses a threat to job market
Federal Reserve Chair Jerome Powell said Tuesday that high inflation is a serious threat to the Fedโs goal of helping put more Americans back to work, and said the Fed will raise rates more than it now plans if needed to stem surging prices.
Democrats face a frustrating end to a stormy year, with no guarantee of smoother sailing ahead
The year appeared poised to end on an especially ignominious note for Democrats Friday, with Manchin upending Democratsโ domestic policy plans and Sinema standing in the way of rules changes needed to pass voting rights legislation.
washingtonpost.comA 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.
AOC, Tlaib and Pressley urge Biden to replace Fed chair Jerome Powell
Reps. Alexandria Ocasio-Cortez (D-N.Y.), Rashida Tlaib (D-Mich.) and Ayanna Pressley (D-Mass.) are calling on President Biden to replace Federal Reserve Chair Jerome Powell with someone more focused on "eliminating climate risk and advancing racial and economic justice," according to a joint statement reported by Politico.Driving the news: Powell's term will end in early 2022, though some economists have said Biden will likely reappoint him.Stay on top of the latest market trends and economic in
news.yahoo.comGroups worry about tapping COVID relief for infrastructure
Organizations representing long-term care facilities are urging lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds to help pay for the roughly $600 billion in new spending sought for the public works buildout.
Democrats Want to Reform This Program That Helps Poor Elderly and Disabled Americans
โโPresident Joe Biden invoked Franklin Delano Roosevelt several times as he has implemented sweeping anti-poverty measures to tackle record unemployment and economic turmoil. Hoping to model his legacy on the President who helped the nation climb out of the Great Depression, Biden has spent $1.9 trillion so far on stimulus checks, the expanded child tax credit, and enhanced unemployment insurance, among other relief measures. โDisabled people and the poorest of the poor havenโt had really any help in years,โ says Democratic Sen. Sherrod Brown of Ohio.
news.yahoo.comDemocrats Set Political Tripwire for 2024: Payments to Parents
Photo Illustration by The Daily Beast / Photos GettyDemocrats think the newly created Child Tax Credit programโwhich began sending out monthly benefit checks to tens of millions of families this weekโcould be the most impactful policy victory of the Joe Biden era.It could also be the key to keeping Congress and the White House in Democratic hands.As congressional Democrats craft another multi-trillion-dollar package to solidify their economic agenda, some lawmakers are trying to set up a lengthy
news.yahoo.comAs prices rise at rapid pace, Fed chief seeks patience
For anyone worried about surging prices for everything from food and gas to airplane tickets and clothes, Federal Reserve Chair Jerome Powellโs message in two days of congressional hearings this week was straightforward: Just give it more time, and those price gains should slow, or even reverse.
The government is sending up to $300 monthly checks to families with kids starting today. Democrats want to make it permanent as a new form of Social Security.
The Biden stimulus benefit is the US's inaugural version of guaranteed income geared to children. Millions could get direct payments every month.
news.yahoo.comMost Democrats want to permanently send $300 monthly checks to families, but some centrist senators may push big cuts in Biden's infrastructure plan
The Biden stimulus benefit has deep Democratic support, but Senate moderates could slash the expanded child tax credit. Manchin hasn't weighed in.
news.yahoo.comUS lawmakers want Ma'Khia Bryant foster care journey probed
Three Democratic members of Congress are asking the U.S. Department of Health and Human Services to investigate the foster care experience of Ma'Khia Bryant that preceded the 16-year-old's fatal police shooting in Ohio. U.S. Rep. Joyce Beatty and U.S. Sen. Sherrod Brown of Ohio, along with U.S. Sen. Ron Wyden of Oregon, penned a letter last week on behalf of Bryant's parents, asking the federal agency to look into the teen's experience through the foster care system.
news.yahoo.comSenators to Biden: Waive vaccine intellectual property rules
Ten liberal senators are urging President Joe Biden to back India and South Africaโs appeal to the World Trade Organization to temporarily relax intellectual property rules so coronavirus vaccines can be manufactured by nations that are struggling to inoculate their populations.
Fed to end relaxed capital requirements for large banks
The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Feds efforts to shore up the financial system during the early days of the pandemic. (AP Photo/Susan Walsh, Pool)WASHINGTON โ The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fedโs efforts to shore up the financial system during the early days of the pandemic. But the SLR, unlike other bank capital requirements, doesn't take risk into account. Bank lobbyists argue that without an extension of the exemption, large banks will be less likely to hold Treasury securities. โWe are also confident that the thousands of community banks that are not subject to the SLR requirements would be happy to accept deposits that large banks may reject,โ they said.
'We can do big things,' Schumer says as Senate approves aid
Senate Majority Leader Chuck Schumer, D-N.Y., leaves the chamber just after the Senate narrowly approved a $1.9 trillion COVID-19 relief bill, at the Capitol in Washington, Saturday, March 6, 2021. Senate passage sets up final congressional approval by the House next week so lawmakers can send it to President Joe Biden for his signature. AdโLessons learned: If we have unity, we can do big things,โ Schumer told The Associated Press in an interview after the vote. The outcome โgives us optimism about doing more big things in the future โ because it worked,โ he said. He and Schumer spoke often as the Senate leader steered the pandemic aid to approval.
GOP's Josh Mandel joins race for open Senate seat in Ohio
FILEIn this file photo from Oct. 6, 2020, Jane Timken, the Chairwoman of the Ohio Republican Party, speaks at the Hamilton County Board of Elections during early voting in Norwood, Ohio. (AP Photo/Aaron Doster, File)COLUMBUS, Ohio โ Republican Josh Mandel, a Marine veteran and former state treasurer, says he will make a third run for the U.S. Senate in Ohio, taking a pro-Trump message in a bid for the seat being vacated by the GOPโs Rob Portman. AdMandel abruptly abandoned his last Senate campaign in January 2018, citing unspecified health issues being experienced by his then-wife, Ilana. He personally backed her takeover of the state party four years ago from a state chair allied with then-Gov. He has about $4.3 million remaining in his Senate campaign account, and about $500,000 in a leadership PAC.
In Ohio, open Senate seat sparks debate on gender, diversity
An open Senate seat in Ohio has set off a round of jockeying among ambitious Democrats and a spirited debate over who is best poised to lead a party comeback in a one-time battleground that has been trending Republican. While Acton and Ryan are believed to be the furthest along in their deliberations, several politicians who are Black are also eyeing the seat. The group is working to recruit a Black candidate for the Senate seat, he said. AdStill, Ryan got a boost Saturday when Hillary Clinton, the partyโs 2016 presidential nominee, declared on Twitter that she was โall inโ for a Ryan Senate candidacy. For some Ohio Democrats the cautionary tale is 2018, when a group of female gubernatorial candidates all ceded their ambitions to former Obama administration consumer chief Richard Cordray, who lost the race.
GameStop saga makes Wall Street an issue for Biden team
The SEC took a deregulatory tilt under chair Jay Clayton, a former Wall Street lawyer appointed by President Donald Trump. The populist strain recalls the anger fueling the Occupy Wall Street movement over the big bank bailouts that Congress brought in response to the financial crisis. At least two of them have closed out January's trading with losses of more than 40%, according to reports by The Wall Street Journal and Bloomberg News. Politicians and critics said Robinhood changed the rules of the road midway through, in favor of Wall Street firms who were still able to trade these shares. Wall Street brokerages, big banks and other financial companies were already expecting the Biden administration to be tougher on them than the Trump regime.
GOP's Rep. Jim Jordan won't seek Portman's US Senate seat
Rob Portman, R-Ohio, speaks to members of the media outside a Senate Finance Committee hearing on Capitol Hill in Washington. Portman said Monday, Jan. 25 that he won't seek reelection and plans to end a career in federal government spanning more than three decades. (AP Photo/Andrew Harnik, File)CINCINNATI โ Republican U.S. Rep. Jim Jordan, a fiery Donald Trump supporter, won't run to succeed Ohio Sen. The former star college wrestler's style doesn't reflect that of Portman, a career establishment Republican with a reputation for bipartisanship. AdTrump rewarded Jordan, 56, for his steady support by giving him the Presidential Medal of Freedom before leaving office this month.