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      Republican hardliners’ revolt against Kevin McCarthy shuts down US House of Representatives

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      The US House of Representatives has been forced to postpone all votes until next week – paralyzed by a revolt against its Republican speaker, Kevin McCarthy, by ultra-conservative members of his own party.The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern that looks likely to persist until at least Monday.Members of the House Freedom Caucus have been upset over the bipartisan debt ceiling bill that McCarthy recently brokered with the Democratic president, Joe Biden, as well as claims that some hardliners had been threatened over their opposition to the deal.“You’ve got a small group of people who are pissed off that are keeping the House of Representatives from functioning,” said Republican representative Steve Womack.“This is insane. This is not the way a governing majority is expected to behave, and frankly, I think there will be a political cost to it.”The hardliners were among the 71 Republicans who opposed debt ceiling legislation that passed the House last week. They say McCarthy did not cut spending deeply enough and retaliated against at least one of their members. McCarthy and other House Republican leaders dismissed the retaliation claims.They also accuse McCarthy of violating the terms of an agreement that allowed him to secure the speaker’s gavel in January, though it was not clear which aspects they believe were not honored.House action came to a sudden halt midday on Tuesday when the band of conservatives refused to support a routine procedural vote to set the rules schedule for the day’s debate. It was the first time in some 20 years a routine rules vote was defeated.Days of closed-door negotiations have not yielded a resolution, but McCarthy said he was confident they would sort out their differences. “We’re going to come back on Monday, work through it and be back up for the American public.”McCarthy oversees a narrow House Republican majority of 222-213, meaning that he can lose only four votes from his own party on any measure that faces uniform opposition from Democrats.Along with an attempt by Republicans to pass a bill preventing the banning of gas stoves, the dispute also has delayed bills that would increase congressional scrutiny of regulations and expand the scope of judicial review of federal agencies.As a result of the revolt against McCarthy, routine votes could not be taken, and the pair of pro-gas stove bills important to GOP activists stalled out. Some lawmakers asked if they could simply go home.McCarthy brushed off the disruption as healthy political debate, part of his “risk taker” way of being a leader — not too different, he said, from the 15-vote spectacle it took in January for him to finally convince his colleagues to elect him as speaker. With a paper-thin GOP majority, any few Republicans have outsized sway.But the aftermath of the debt ceiling deal is coming into focus. The McCarthy-Biden compromise set overall federal budget caps — holding spending flat for 2024, and with a 1% growth for 2025 — and Congress still needs to pass appropriations bills to fund the various federal agencies at the agreed-to amounts. That is typically done by 1 October. After Biden signed the debt deal into law last weekend, lawmakers have been fast at work on the agency-spending bills ahead of votes this summer to meet the deadline.Not only did the conservatives object to the deal with Biden as insufficient, they claim it violated the terms of an agreement they had reached with McCarthy to roll back spending even further, to 2022 levels, to make him speaker.“There was an agreement in January,” Ken Buck, a Republican representative from Colorado, told reporters after he left the speaker’s office on Wednesday morning. “And it was violated in the debt-ceiling bill.”If Congress fails to pass the spending bills by fall it risks a federal government shutdown – an outcome conservatives have forced multiple times before, starting in the Clinton era when then-Speaker Newt Gingrich led the House into a budget standoff, and again in 2013 when conservatives shut down the government as they tried to repeal the Affordable Care Act.The longest federal shutdown in history was during the Trump era when Congress refused his demands for money to build the border wall between the US and Mexico.With Reuters and the Associated Press More

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      Kevin McCarthy’s victory lap over the debt ceiling bill could end early

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      Kevin McCarthy was all smiles on Wednesday night after the House passed the debt ceiling bill, crafted by the Republican speaker and Joe Biden, in a resounding, bipartisan vote of 314 to 117.“I’ve been thinking about this day before my vote for speaker because I knew the debt ceiling was coming,” McCarthy told reporters. “I wanted to make history. I wanted to do something no other Congress has done, that we would literally turn the ship and for the first time in quite some time, we’d spend less than we spent the year before. Tonight, we all made history.”But the details of the debt ceiling vote reveal a more nuanced picture of the dynamics in the Republican-controlled House, and they suggest McCarthy’s victory lap may soon be cut short.The debt ceiling bill, which will suspend America’s borrowing limit until 2025 and enact modest cuts to government spending, was supported by 149 Republicans and 165 Democrats in the House. Although roughly two-thirds of House Republicans voted for the bill, 71 members of McCarthy’s own conference opposed the legislation due to complaints that it did not go far enough to rein in government spending.Speaking to reporters after the final vote, McCarthy brushed off questions about why the bill he helped craft proved more popular among House Democrats than his Republican colleagues. Instead, McCarthy focused attention on his successful effort to defy Democrats’ wishes for a “clean” debt ceiling bill with no strings attached. Biden spent months insisting he would not negotiate over the debt ceiling, but the White House was ultimately dragged into talks with Republicans, McCarthy reminded reporters.“We were never going to get everybody, but we have spent four months bringing everybody together. And whether you voted for or voted against it, you wanted something more,” McCarthy said. “But history will write this is the largest [spending] cut in American history.”Members of the hard-right House Freedom Caucus did not view the bill the same way. Many of them argued the deal struck by McCarthy and Biden bore little resemblance to the legislation originally passed by House Republicans last month, which would have enacted much deeper spending cuts and stricter work requirements while only raising the debt ceiling into 2024.Representative Scott Perry of Pennsylvania, chair of the Freedom Caucus, attacked McCarthy for failing to “hold the line for the bill that we passed” in his negotiations with Biden.“The speaker himself has said on numerous occasions, the greatest threat to America is our debt, and now is the time to act. We had the time to act, and this deal fails – fails completely,” Perry said on Tuesday. “We will do everything in our power to stop it and end it now.”Those efforts fell short. After Freedom Caucus members failed to quash the bill when it came before the House rules committee on Tuesday, McCarthy’s Republican critics staged one final attempt to prevent the legislation’s passage. Twenty-nine House Republicans opposed the procedural motion to set up the final vote on the debt ceiling bill, and that resistance would have been enough to kill the legislation if Democrats had not come to McCarthy’s assistance. In the end, 52 Democrats supported the procedural motion, clearing the way for the bill’s ultimate passage.But McCarthy’s failure to advance the bill along party lines did not go unnoticed by Democrats.“It appears that you may have lost control of the floor of the House of Representatives,” said the New York representative Hakeem Jeffries, the House Democratic leader, on the floor on Wednesday night. “Earlier today, 29 House Republicans voted to default on our nation’s debt and against an agreement that you negotiated. It’s an extraordinary act that indicates just the nature of the extremism that is out of control on the other side of the aisle.”The bold act of defiance from dozens of McCarthy’s fellow Republicans raised questions about his future in the speaker’s chair. Because of Republicans’ narrow majority in the House, McCarthy had to endure 15 rounds of voting before he secured the speakership back in January. To win over the skeptics within his conference, McCarthy offered a number of concessions to allay their concerns about his leadership.One of those concessions could now come back to haunt him. According to the House rules approved after McCarthy’s victory, any single member of the chamber can introduce a “motion to vacate”, which would force a vote on ousting the sitting speaker.Representative Ken Buck of Colorado, one of the Freedom Caucus members who opposed the debt ceiling bill, said on Wednesday that McCarthy “should be concerned” about a potential motion to vacate.“After this vote, we will have discussions about whether there should be a motion to vacate or not,” Buck told CNN.But even Buck acknowledged that he and his allies may not have the votes to remove McCarthy, and the speaker has said he is “not at all” concerned about losing his gavel. Representative Marjorie Taylor Greene of Georgia, who was one of eight Freedom Caucus members to support the debt ceiling bill, dismissed suggestions of ousting McCarthy as “absolutely absurd”.“I think they would find out that it’s not as popular as they think, just because it looks good on Twitter right now,” Greene told reporters on Wednesday night. “It would be a really dumb move.”Even if McCarthy’s critics could somehow muster the votes to oust him, it remains entirely unclear who could earn enough support in the House Republican conference to replace him. So McCarthy’s speakership appears to be safe – for now. More

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      Who won the debt ceiling negotiations? – podcast

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      On Wednesday night the House debated legislation to increase the US debt limit until January 2025, before passing the bill by a vote of 314 to 117, in a rare showing of bipartisan action.
      It then narrowly passed the Senate late on Thursday night, heading straight to Biden’s desk to sign just days before the 5 June deadline. This week, Jonathan Freedland speaks to the congressional reporter for the Washington Post, Marianna Sotomayor. They discuss whether Biden and McCarthy are right to see this as a win, or have they failed by simply giving into the demands of the other side

      How to listen to podcasts: everything you need to know More

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      Biden falls on stage at Air Force Academy ceremony; Senate blocks student relief program – live

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      From 2h agoJoe Biden took a heavy fall on stage on Thursday afternoon at the conclusion of a lengthy ceremony honoring graduating air force recruits in Colorado.The president gave the commencement address at the event, which lasted around five hours. Biden, 80, tripped and fell to the ground as he turned to his left to shake an officer’s hand following his speech.He remained down for several seconds before an air force officer and two Secret Service agents helped him back to his feet. He walked back to his seat unaided after pointing to an item on the stage.White House communications director Ben LaBolt said on Twitter that Biden was unhurt. “He’s fine. There was a sandbag on stage while he was shaking hands,” he said.Republicans in particular have made an issue of Biden’s age as he seeks re-election next year. He would be 86 at the conclusion of a second term.In April, the White House was reportedly working on a plan to boost support for Vice-President Kamala Harris in the face of the mounting criticism.Biden is no stranger to mishaps. Last year he fell off his bike during a ride in Delaware after catching his foot on a pedal.An Oklahoma Republican senator said “I don’t want reality” in a recent hearing on race and education.Martin Pengelly reports:Questioning a witness about childcare and the teaching of race, the Oklahoma Republican senator Markwayne Mullin said: “I don’t want reality.”The remark prompted laughter in the hearing room.Mullin said he “misspoke” and returned to hectoring his witness about whether a book meant to teach children about racism was appropriate for early learning classes.Mullin is an election denier, former cage fighter and plumbing company owner who sat in the US House before being elected to the Senate last year.His confrontational style has caused comment before. In March, for example, he told a Teamsters leader to “shut your mouth” during a fiery exchange.Mullin’s remark about reality and its uses came on Wednesday in a hearing held by the Senate health, education, labour and pensions committee.For more, click here:Donald Trump has responded to President Joe Biden’s fall at the Air Force Academy in Colorado, saying, “I hope he wasn’t hurt,” before adding, “That’s too bad.”Speaking to reporters, Trump said, “Well, I hope he wasn’t hurt. The whole thing is … crazy. You gotta be careful about that … because you don’t want that even if you have to tiptoe down a ramp,” as the crowd responded with applause.Trump went on to recall an incident during his presidency in which he was captured tiptoeing down a ramp next to a general after he gave an address at West Point, New York, in June 2020.Trump’s slow walk at the time prompted widespread concern online over his fitness as president.Recalling the incident, Trump said:
      “That was the best speech I think I ever made and it was pouring rain … and horrible and cold and windy. And they had a ramp that was pure as an ice skating rink and it was like 25 feet long …
      I have nice leather [shoes] … and I said, ‘You know what, general? Get ready, if I grab you, you just get ready ’cause I got this stupid ramp that somebody put up and there’s no stairs, right?’ … So I tiptoe down and I suffered for that. They never covered my speech but the smart people understood that … ”
      He went on to add: “That’s a bad place to fall … That’s not inspiring.”
      Robert F Kennedy Jr has said that he has “conversations with dead people” every day.Speaking to the Free Press in response to a question about how he thought his late father and former US attorney general Robert F Kennedy, as well as his uncle and the 35th US president, John F Kennedy, would address the country’s issues today, Kennedy replied:“I do meditations every day,” Kennedy said. “That’s kind of the nature of my meditations. I have a lot of conversations with dead people.”He went on to add in a text message, “They are one-way prayers for strength and wisdom. I get no strategic advice from the dead,” the outlet reported.Kennedy is currently in the presidential race against President Joe Biden for the Democratic nomination and is a prominent conspiracy theorist and vaccine skeptic.For more details, click here:A Pride flag was put up over the Wisconsin capitol building on Thursday as part of the state’s show of effort to support LGBTQ+ rights across the country.During a noon ceremony in front of dozens of spectators, Wisconsin’s Democratic governor, Tony Evers, instructed the flag to be raised and will fly above the state capitol throughout the entirety of June to mark Pride month. The flag flies below the US flag and the Wisconsin state flag.Speaking to spectators, Evers said that he was “jazzed as hell” to be at the ceremony, adding, “You belong here. You are welcome here … It’s a signal that I will always stand with LGBTQ Wisconsinites, including our trans and gender non-conforming kids, and will fight to protect them with every tool and every power that I have,” the Associated Press reports.The flag-raising ceremony comes as LGBTQ+ rights have come under increasing attack from rightwing lawmakers across the country.Joe Biden is on his way back to Washington DC after taking a tumble at the Air Force Academy’s graduation ceremony in Colorado Springs, Colorado, this afternoon.The Associated Press released a photograph of the 80-year-old president climbing the steps to board Air Force One on Thursday afternoon, Biden holding the handrail as he ascends.Aides said Biden was unhurt in the fall.Read more:Another supporter of Donald Trump who took part in the deadly January 6 riot in Washington DC has been sentenced to a lengthy prison term.Roberto Minuta, described by prosecutors as one of Oath Keepers leader Stewart Rhodes’ “most trusted men”, received a four-year term for seditious conspiracy from US district court judge Amit Mehta.Minuta, of Prosper, Texas, was not initially at the Capitol because he was part of a “security detail” for Trump ally Roger Stone, who was attending Trump’s “Stop the Steal” rally nearby. But prosecutors said he sped to the scene of the riot in a golf cart once he learned of the breach of the Capitol building.Once inside, he joined a crowd pushing against police and screamed, “This was bound to happen,” CNN reported.Exactly one week ago, Mehta sentenced Rhodes to 18 years in prison, also for seditious conspiracy. It was the longest sentence handed down to date to a January 6 riot participant.“The moment you are released, whenever that may be, you will be ready to take up arms against your government,” Mehta told the far-right group’s leader.Joe Biden took a heavy fall on stage on Thursday afternoon at the conclusion of a lengthy ceremony honoring graduating air force recruits in Colorado.The president gave the commencement address at the event, which lasted around five hours. Biden, 80, tripped and fell to the ground as he turned to his left to shake an officer’s hand following his speech.He remained down for several seconds before an air force officer and two Secret Service agents helped him back to his feet. He walked back to his seat unaided after pointing to an item on the stage.White House communications director Ben LaBolt said on Twitter that Biden was unhurt. “He’s fine. There was a sandbag on stage while he was shaking hands,” he said.Republicans in particular have made an issue of Biden’s age as he seeks re-election next year. He would be 86 at the conclusion of a second term.In April, the White House was reportedly working on a plan to boost support for Vice-President Kamala Harris in the face of the mounting criticism.Biden is no stranger to mishaps. Last year he fell off his bike during a ride in Delaware after catching his foot on a pedal.Punchbowl has details of a Senate deal it says “came together relatively quickly Thursday” to try to get the debt ceiling bill passed in the chamber tonight.A group of Republican “defense hawks”, it says, demanded a public commitment from Senate leadership to take up a spending bill later this year focused on Ukraine and other priorities, including Israel and China.They also reportedly secured a deal with Democratic Senate majority leader Chuck Schumer to bring up about a dozen appropriations bills they wanted heard before the end of the year.It remains to be seen if a final vote will happen tonight. Schumer is hopeful it will, saying the chamber will “stay in session until we send the bill avoiding default to President Biden’s desk. We will keep working until the job is done.”Senators have voted to block one of Joe Biden’s flagship policy promises, progressing a bill that would repeal his student debt relief program and end the administration’s pause on federal student loan payments.The vote was 52-46 to advance the legislation, NBC reported, with Democrats Joe Manchin (West Virginia) and Jon Tester (Montana), plus Arizona independent Kyrsten Sinema, breaking ranks and joining Republicans.The bill, however, will not become law because Biden said in a statement last month that he would veto it.“This resolution is an unprecedented attempt to undercut our historic economic recovery and would deprive more than 40 million hard-working Americans of much-needed student debt relief,” Biden said.“[The bill] would weaken America’s middle class. Americans should be able to have a little more breathing room as they recover from the economic strains associated with the Covid-19 pandemic.”Seeking to repeal Biden’s program to cancel up to $20,000 in student debt for certain borrowers, the bill passed the House last week 218-203.Its overall fate rests with the supreme court, which is currently weighing the legality of the program Republicans say is an unfair and unnecessary welfare handout.Documents were uncovered last month showing that Republican states fighting the loan forgiveness plan made false claims they would “suffer injuries” or be financially affected, a debt forgiveness campaign group claimed.Read more:Mark Kelly, Democratic senator for Arizona, says he’s a yes on the debt ceiling bill.“It’s ridiculous that, once again, DC has come to the brink of wrecking our economy,” Kelly, a former Nasa astronaut, said in a tweet.Two Republican senators have told CNN that the chamber is looking to wrap up a final vote on raising the debt ceiling tonight, clearing the way for the bill to hit Joe Biden’s desk over the weekend and in plenty of time to avoid a national default.The network reports that Florida’s Rick Scott and Utah’s Mitt Romney both say that’s the goal. Voting on any amendments and a vote on final passage need to be accomplished by the end of the day for that to happen.Additionally, Chuck Schumer, the New York Democrat and Senate majority leader, has said the chamber will remain in session until there’s an outcome.CNN says, however, there’s lingering dissent from certain members.Montana Democrat Jon Tester told the network:
      The debt needs to be addressed, [but] this is the wrong way to address the debt. Just the wrong way. It empowers the folks on the far right and, quite frankly, I don’t think they have the best interest of the country in mind. And I haven’t talked to anybody that’s enamored with this deal.
      A minimum of 60 senators are needed to avoid a filibuster on the bill, which would delay its passage beyond the deadline for the US to avoid defaulting on its payment obligations.Republicans Rand Paul of Kentucky and Josh Hawley of Missouri have said they will oppose, or are thinking about opposing, the bill, but Schumer and Senate minority leader Mitch McConnell are hopeful they have the numbers between them to get the bill past the finishing post tonight or tomorrow.The White House has slammed congressional Republicans for demanding that the FBI hand over a document related to Joe Biden, a spokesperson deriding what he called “a silly stunt”.Senator Chuck Grassley, of Iowa, and the Kentucky congressman James Comer demanded the document last month, saying it concerned an unspecified “alleged criminal scheme” involving Biden when he was vice-president to Barack Obama.The FBI did not comply. After threats of congressional action, the FBI director, Christopher Wray, reportedly offered to let the Republicans see the document.According to CNN, the document is connected to work done by Rudy Giuliani for then president Donald Trump in 2020.Trump’s first impeachment arose from the former New York mayor’s attempts to find dirt on Biden in Ukraine.As CNN pointed out, in 2020 Trump’s attorney general, William Barr, told reporters: “We can’t take anything we received from Ukraine at face value.”In comments to Fox News earlier today, Grassley said: “It’s a non-classified document, [Wray] admits it exists.“We aren’t interested in whether or not the accusations against Vice-President Biden are accurate or not. We’re responsible for making sure the FBI does its job and that’s what we want to know.”Asked if he’d read the document, Grassley, 89, said he had but would not “characterise it” on air.A White House spokesperson, Ian Sams, tweeted video of Grassley’s remarks and said: “Wow. Chuck Grassley admits the truth of his and James Comer’s silly FBI form stunt.”Comer is chair of the House oversight committee, one of the Republican-led panels seeking to dig up dirt on the president, his son Hunter Biden and other Democratic targets.In a statement, Sams added: “By congressional Republicans’ own admission, this clearly is not an exercise to get to the truth or uncover facts.“Instead, they are simply staging sad political stunts to push thin innuendo and spread insinuations to attack the president and get themselves booked on Fox News.”Joe Biden has just wrapped up a lengthy commencement address to graduating cadets at the Air Force Academy in Colorado Springs. He made no mention of the debt ceiling bill currently working its way through Congress, but touched on other political flashpoints including the war in Ukraine, cooperation with China and the threat posed by artificial intelligence.The president’s remarks included a renewed promise to Ukraine that the US would always stand beside the country, and continue to send military and humanitarian aid as it continues to fight against Russia’s invasion:
      Support for Ukraine will not waver. We always stand up for democracies. Always. I ask you to contemplate what happens if it wavers and Ukraine goes down. What about Belarus? What about the rest of eastern Europe?
      It was an upbeat, inspirational speech from the commander in chief, welcoming graduates to their future careers in the air and space forces:
      The world you graduate into, it is not only changing rapidly, the pace of change is accelerating as well. We’re seeing proliferating global challenges from Russia’s aggression and brutality in Europe, to competition with China, and a whole hell of a lot in between, growing instability, to food insecurity and natural disasters, all of which are being made worse by the existential threat of climate change.
      The threat from the rise of artificial intelligence (AI), Biden said, could not be underestimated:
      We’re seeing emerging technologies, from AI and 3D printing, that can change the character of conflict itself. I met in the Oval Office with with leading scientists in the area of AI. Some are very worried that AI can actually overtake human thinking and planning. So we’ve got a lot to deal with, a lot to do.
      From Colorado, Biden is heading back to the White House, hopeful of white smoke later from the Senate after it debates the debt ceiling bill that would stave off a national default.The former Republican congresswoman turned avowed Trump foe Liz Cheney declined to rule out a presidential run of her own earlier, telling a policy conference in Michigan: “I am really focused on making sure that Donald Trump isn’t anywhere close to the Oval Office again.”Cheney also said she would not support Trump’s closest challenger in the Republican primary, the governor of Florida, Ron DeSantis.The daughter of the former congressman, defense secretary and vice-president Dick Cheney is an arch-conservative who nonetheless turned against Trump over his attempted election subversion and incitement of the deadly January 6 attack on Congress.Defeated by a Trump-endorsed opponent in her Wyoming primary last year, Cheney emerged as a leader of anti-Trump Republicans, playing a prominent role as the House January 6 committee made criminal referrals regarding Trump to the US Department of Justice.Despite his unparalleled legal jeopardy, Trump leads Republican primary polling by around 30 points, with DeSantis a distant second. Cheney has not declared a run but generally scores in the low single figures, with most other candidates, declared or not.Speaking at the Mackinac Policy Conference on Thursday, Cheney added: “People who are willing to deny elections and people who are embracing this cult of personality around Donald Trump … have to be resisted at every stage.”Ron DeSantis “lashed out” at a reporter who asked why he did not take questions from the audience at a campaign event in New Hampshire.The awkward exchange seems bound to add to reports and observations that the Florida governor, a clear but distant second to Donald Trump in Republican primary polling, lacks the warmth and interpersonal skills necessary for retail politicking, the staple of primary season.DeSantis was appearing at a Veterans of Foreign Wars post in Laconia. Video tweeted by Jonathan Allen of NBC News showed the governor posing for selfies with audience members, a broad smile fixed in place.The reporter – identified by NBC as Steve Peoples of the Associated Press – asked: “Why not take any questions from voters, governor? Governor, how come you’re not taking questions from voters?”DeSantis said: “People are coming up to me, talking to me. What are you talking about? I’m not here talking to people? Are you blind? Are you blind? People are coming up to me and talking whatever they want to talk about.”Here it is:NBC quoted Vikram Mansharamani, an unsuccessful Republican candidate for Senate in New Hampshire last year, as calling the decision not to take audience questions “very disappointing”.“We like to hear from candidates and we have questions of our own [as] citizens here in the state,” Mansharamani said.It’s been a mixed bag so far today in US politics.The senate will later on Thursday take up the debt ceiling bill passed on a bipartisan vote in the House last night. Joe Biden is hopeful the measure averting a national default will be on his desk for signing before Monday.Meanwhile, the supreme court has handed down only a smattering of more minor opinions on the opening day of its June “decisions season”. A ruling weakening labor unions’ rights of where and when to call strikes; and another bolstering individuals’ rights to sue pharmacies who overcharge government programs for prescription drugs, came today.Here’s what else is happening:
      Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.
      Biden has marked the beginning of Pride Month with a tweet denouncing “cruel attacks” on LGBTQ+ rights by Republican legislatures and politicians around the country.
      “Months of distrust” inside Donald Trump’s legal team led to the departure of one of the former president’s top lawyers, and weakens his defense against claims he illegally retained classified documents after leaving office.
      Former vice-president Mike Pence will join the crowded race for the 2024 Republican presidential nomination next week. Trump, his former boss, and Florida governor Ron DeSantis are among those already declared. Chris Christie, the ex-governor of New Jersey, will also announce his run next week, reports say.
      There’s plenty more to come. Please stick with us.Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.According to Reuters, the Manhattan federal court lawsuit filed on Wednesday night says Musk, also chief of SpaceX and Tesla, used Twitter posts, paid online influencers, his 2021 appearance on NBC’s Saturday Night Live and other “publicity stunts” to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls.Investors say this included when Musk sold about $124m of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s Shiba Inu dog logo, leading to a 30% jump in Dogecoin’s price. Musk bought Twitter in October.A “deliberate course of carnival barking, market manipulation and insider trading” enabled Musk to defraud investors, promote himself and his companies, the filing said.Reuters said that Alex Spiro, a lawyer for Musk, declined to comment on the action. A lawyer for Tesla did not immediately respond to a request for comment. The investors’ lawyer did not immediately respond to a separate request.Musk was the host of Republican Florida governor Ron DeSantis’s glitchy campaign launch for his party’s 2024 presidential nomination on Twitter Spaces last week.It’s not been a good week for Musk, the world’s second richest man. On Wednesday, it was reported the value of Twitter had plummeted two thirds since he bought the social media platform.Read more: More

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      The debt ceiling fight was never about debt. It was about Republican power | Mark Weisbrot

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      The debt ceiling drama seems to be nearing its end, as the US House of Representatives passed legislation that would lift the debt ceiling in accordance with a deal reached last weekend between Joe Biden, the president, and Kevin McCarthy, the Republican speaker of the House. The Republicans have been fighting to force cuts in spending and/or eligibility for food stamps (Snap), Medicaid, childcare and pre-schools, education and grants for higher education.By linking these and other provisions to the lifting of the debt ceiling, the Republicans tried to use the threat of default on the public debt to force Democrats to accept them. The legislation, which now goes to the Senate where it is expected to pass, did not satisfy most of their desires.The worst abuse that Republicans managed to include will be suffered by the hundreds of thousands of poor people who will likely lose access to food assistance under the Snap program. Many are in poor health and will not be able to complete the work requirements that Republicans have insisted on imposing for people of age 50-54; others will lose benefits due to additional red tape.There was also damage done by the fictitious narrative that Republicans were able to successfully promote about the “ticking time bomb” of the public debt. There is no bomb and if there were, it would not be ticking.The relevant measure of our debt burden is how much we pay annually in net interest on the debt, as a share of our national income (or roughly, GDP). That number was 1.9% for 2022. That is not big, by any comparison. We averaged about 3% in the 1990s, while experiencing America’s then longest-running economic expansion.The constant repetition of the “threat” posed by our national debt was a big win for Republicans, who are always looking to cut spending on social needs and safety nets; and more strategically important, to cut spending that could aid recovery from an economic downturn when Democrats are in power.In the Great Recession (December 2007 to June 2009), Republicans fought against measures to stimulate an economic recovery, which were already too small as proposed by Democrats. By October 2010, unemployment was still at 9.4%. In the election a month later, Republicans gained 63 seats to take the House and six Senate seats.The debt ceiling was used to threaten the Biden administration with a default on the public debt if they did not agree to Republican demands, mostly for spending cuts. The ceiling itself doesn’t affect new spending; it’s just holding up a chunk of the spending that our government is already obligated by law to carry out. In a democracy, this type of extortion should not be permitted.But Republican power isn’t based on democracy; on the contrary, it’s become highly dependent on institutions and practices that most people, including experts, would consider undemocratic or anti-democratic. Republicans benefit enormously from the fact that 80% of senators are elected by about 50% of voters. And if that’s not slanted enough, there is the filibuster, which effectively requires a 60-vote majority to win almost any pro-democracy reforms. This includes changes that are needed even for the Senate as presently constituted: eg representation for Washington DC, which has more population than a couple of states. We are the only democracy in the world where people who live in our national capital city don’t have full voting rights.Then there is voter suppression and gerrymandering, for both state and federal elections. These two methods of influencing election outcomes have gone hand-in-hand. Of course swing states are prime targets: recall that Republican presidents who ruled for 12 of the past 22 years came to power while losing the popular vote.When Republicans win, they then use their power to stack the cards further in their favor. This includes packing the judiciary, where Republican judges advance their agenda.Their decades-long struggle to control the judiciary reached its pinnacle with a 6-3 majority of the US supreme court, with five justices appointed by presidents who lost the popular vote.The current Republican majority now “substitutes a rule by judges for the rule of law”, the dissenting justices wrote when that majority revoked the right to abortion last year.Dozens of senators have described the supreme court as “captured” by “dark money” from Republican donors, including “rightwing billionaires”, and it is currently facing lost credibility as well as accusations of corruption.If the Republicans had gotten all that they had included in their legislation to lift the debt limit, it would have reduced the public debt by less than one half of 1% next year.This makes it even clearer that the debt ceiling fight was never really about debt reduction. It’s part of a vicious cycle in which political power is abused in order to consolidate a system that is increasingly undemocratic; and then further abused. The debt ceiling is just one part of that cycle, and should not have been negotiated; it needs to be abolished.
      Mark Weisbrot is co-director of the Center for Economic and Policy Research in Washington DC and the author of Failed: What the “Experts” Got Wrong About the Global Economy More

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      US debt ceiling bill passes House with broad bipartisan support – video

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      The House debated legislation to increase the US debt limit until January 2025, before passing the bill by a vote of 314 to 117. Republican representatives passed the bill overwhelmingly. Representative Hakeem Jeffries of New York, the Democratic leader, praised Democrats for pushing back against ‘extreme Maga Republicans’ before Kevin McCarthy took to the floor claiming the bill would deliver the ‘largest savings in American history’. The White House tactically avoided pushing back against the line to avoid inflaming the hard right. ‘Tonight, we’re gonna give America hope,’ McCarthy said More

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      Debt ceiling bill: key takeaways from the vote

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      The US House of Representatives passed the much-debated debt ceiling bill on Wednesday evening, moving the country closer to avoiding a potentially catastrophic default. Next up in line is the Senate, the Democrat majority chamber, which would push the bill to Joe Biden’s desk.But the vote on Wednesday revealed the divided lines, not only between Republicans and Democrats, but within the parties. Here are some key takeaways from this vote on the Fiscal Responsibility Act:Kevin McCarthy’s party faced significant internal resistanceMore Democrats (165) than Republicans (149) supported the measure – something the right wing may use as evidence that the bill was a bad deal for their side. Indeed, the Republican opposition to the bill is much louder than that of progressive Democrats, who are concerned about the cuts to benefits programs and the impact on climate.Key Democratic programs and priorities will feel the effectsAn estimated 750,000 could lose food stamp benefits due to the new work requirements, according to the Center on Budget and Policy Priorities, a progressive thinktank. And in another blow to progressives, the bill gives special treatment to the Mountain Valley pipeline.A quarter of the $80bn of newly allotted funding to refurbish the IRS will also be cut from Biden’s key legislation, the Inflation Reduction ActBut it preserves health plans, Social Security and other programsThe bill will not impact Medicaid benefits, the main government health program for low income Americans, or social security, even though McCarthy tried to keep the debate open on such programs just hours ahead of Wednesday’s vote. Republicans attempted to cut these plans to curb government spending. However the bill will avoid more increases to the bloated US defense budget.And the agreement will fully fund medical care for veterans at the levels included in Biden’s proposed 2024 budget blueprint.Both Biden and McCarthy are counting this as a winWhile critics say the president could have avoided making multiple concessions, the president touted his ability to bring the deal together under heated circumstances, and the bipartisanship he has famously campaigned on.“This budget agreement is a bipartisan compromise,” the president said in a statement reacting to the news. “Neither side got everything it wanted. That’s the responsibility of governing. I want to thank speaker McCarthy and his team for negotiating in good faith, as well as leader Jeffries for his leadership. This agreement is good news for the American people and the American economy.”McCarthy, meanwhile, claimed the bill would herald the “largest savings in American history” during the floor debate, though this is not quite accurate.“I have been thinking about this day before my vote for speaker because I knew the debt ceiling was coming. And I wanted to make history. I wanted to do something no other Congress has done,” McCarthy told reporters after the vote. “Tonight, we all made history.”The Senate is already making moves to move the bill forwardChuck Schumer, the Senate majority leader has already put the debt limit bill on the Senate calendar to start the process on Thursday. There is likely to be some resistance there as well, as progressives such as Bernie Sanders have already signaled their concerns, but the bill is expected to pass. More

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      Debt ceiling bill clears first House hurdle as 5 June deadline inches closer – live

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      From 3h agoThe House of Representatives has started its debate ahead of the chamber’s final vote on the debt ceiling bill.We will be bringing you all the latest details.Transport secretary Pete Buttigieg has weighed in on the debate surrounding the debt ceiling deal, saying that “no one’s going to get everything they want when you have a negotiation like this.”During an interview with NBC host Chuck Todd on Meet The Press, Todd asked Buttigieg what responsibility he believes Democrats have to pass the bill for president Joe Biden.Buttigieg replied:
      “Obviously, we all would have loved to see a clean bill that separated the budget conversation from the default conversation but also we’re in a moment of divided government where no one side, no one party is going to get everything that they want…
      No one’s going to get everything they want when you have a negotiation like this, but this is one that we believe in that we think is the right way forward that also allows us to move on to the next conversation, putting the terrible and unacceptable specter default behind us.”
      When asked whether Congress and the Biden administration are “mainstreaming” using debt ceiling as a budget negotiation tool, Buttigieg replied:
      “Obviously, we didn’t ask for this situation that some of the more extreme voices in the House GOP put this country into … most reasonable people could agree, the best way to handle the budget negotiations is through the regular order process that the law and the Constitution set out.”
      Donald Trump has promised to strip away birthright US citizenship if he gets elected into office again.In a video posted onto social media yesterday, Trump said if he becomes president, he will sign an executive order that will make sure children of undocumented migrants “will not receive automatic US citizenship.”He added that his order “will “choke off a major incentive for continued illegal immigration, deter more migrants from coming and encourage many of the aliens Joe Biden has unlawfully let into our country to go.”Trump’s reiteration of birthright removal comes 125 years after the supreme court settled the issue.During his first presidential run he condemned the right by inaccurately saying, “We’re the only country in the world where a person comes in and has a baby, and the baby is essentially a citizen of the United States … with all of those benefits. It’s ridiculous. It’s ridiculous. And it has to end,” as over 30 countries currently offer birthright citizenship.Martin Pengelly has more:The House is now in recess subject to the call of the chair.The House will reconvene again at 7:15pm for one hour of debate that will be evenly divided between Republicans and Democrats before voting on the bill.The special counsel investigating former president Donald Trump’s attempt to overturn the 2020 presidential election results is looking into Trump’s firing of a cybersecurity official whose office called the election “the most secure in American history,” according to the New York Times.Reuters reports:The US special counsel investigating Donald Trump’s attempt to overturn his 2020 election defeat is examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said.Jack Smith, who is also investigating Trump’s handling of classified documents, has subpoenaed former Trump White House staffers as well as Christopher Krebs, who oversaw the Cybersecurity and Infrastructure Security Agency (Cisa) under Trump, the Times said, citing unnamed sources.Trump fired Krebs in November 2020, days after Cisa issued a statement calling the 3 November election “the most secure in American history”, as the then-president made his unsupported accusations that the vote was rigged.Cisa, part of the Department of Homeland Security, works to protect US elections. Krebs told associates at the time he expected to be fired.Representatives for Smith declined to comment on the Times report. Representatives for Krebs and Trump could not be reached for comment.For more, click here:The debt ceiling bill has passed the first procedural hurdle in the House, with 52 Democrats bailing out the Republican lawmakers.In addition to 52 Democrats voting yes for the rule governing debate in the chamber, 189 Republicans voted yes. Voting no were 158 Democrats and 29 Republicans.One more hour of debate is left before the final voting round commences later tonight.Donald Trump was captured on tape acknowledging that he kept a classified Pentagon document regarding a potential attack on Iran, CNN reports.According to report, federal prosecutors obtained the recording which was made during a meeting in summer 2021 at Trump’s golf club in Bedminster, New Jersey.Sources familiar with the matter told CNN that Trump made comments that suggested that he would like to share the information but that he was aware of his post-presidency limitations surrounding classified records.The report also cited sources saying that the meeting attendees did not have security clearance. Attendees included two people working on the autobiography of Mark Meadows, Trump’s former chief of staff, in addition to former Trump aides including communications specialist Margo Martin.According to sources, the recording is an “important” piece of evidence in a potential case against Trump over his handling over classified documents following his presidency.Senate minority leader Mitch McConnell echoed similar sentiments alongside Senate majority leader Chuck Schumer, saying that he will support the debt ceiling bill once it reaches the Senate chamber.“House Republicans’ unity gave them the upper hand, they used it to secure a much needed step in the right direction. When this agreement reaches the Senate, I’ll be proud to support it without delay,” said McConnell.Texas governor Greg Abbott has declared John Scott as the state’s temporary attorney general following the state House’s vote to impeach Republican attorney general Ken Paxton.The decision to impeach Paxton comes as a result of years of allegations including corruption, bribery, unfitness for office and abuse of public trust.According to the Texas Tribune, investigators testified at the state House general investigating committee, saying that they believed Paxton wrongly used official funds and abused his authority to assist a friend and financial backer.In response to the impeachment, Paxton said it was an attempt to “overthrow the will of the people and disenfranchise the voters of our state” and that the charges are based on “hearsay and gossip, parroting long-disproven claims,” the Associated Press reports.Meanwhile, Abbott, who has largely been silent during the whole ordeal, said in a statement, “John Scott has the background and experience needed to step in as a short-term interim Attorney General during the time the Attorney General has been suspended from duty,” the Associated Press added.New York Republican representative Marcus Molinaro hailed the tentative bill, calling it “an agreement [that] will move this nation forward.”
      “The Fiscal Responsibility Act takes important action, not at all to punish our most vulnerable. In fact, it takes real steps to ensure those most vulnerable among us are protected and served and have access to the support that they deserve, and by the way, find their way to work.
      This bill hold states like New York and others accountable for waving restrictions, expanding access, not to help the most vulnerable, but to bloat and to grow and to increase state government. Because of action states have taken, the most vulnerable are left to fend for themselves…
      States like New York increased their infrastructure, their government and leveraged federal taxpayer dollars, not to benefit those who need the help the most but to benefit state government. And this bill starts a very important step of holding states accountable…
      We have an opportunity here to make a measurable difference in the lives of those who struggle the most. And this is an effort to ensure that that happens.”
      Texas Republican representative Chip Roy lashed out against Democrats over the tentative bill during the House debate, saying:
      “I don’t wanna hear a whole hell of a lot about what we’re doing to devastate American families with rampant inflation, because we keep spending money we don’t have.
      To my colleagues on this side of the aisle, my beef isn’t that I don’t understand the struggle with the negotiators against that kind of reasoning. My beef is that you cut a deal that shouldn’t have been cut…”
      The House of Representatives has started its debate ahead of the chamber’s final vote on the debt ceiling bill.We will be bringing you all the latest details. More