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October 22, 2021

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U.S. House holds Trump ally Bannon in contempt, seeks prosecution

Reuters
WASHINGTON, Oct 21 (Reuters) – Longtime Donald Trump ally Steve Bannon could face criminal prosecution for refusing to cooperate with a probe into the deadly Jan. 6 attack on the U.S. Capitol after the House of Representatives voted Thursday to hold him in contempt of Congress. The Democratic-led chamber voted......

EXCLUSIVE Huawei, SMIC suppliers received billions worth of licenses for U.S. tech

Reuters
WASHINGTON, Oct 21 (Reuters) – Suppliers to Chinese telecoms giant Huawei and China’s top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell the firms goods and technology despite being on a U.S. trade blacklist, documents released by Congress and seen by Reuters showed......

Biden says he’ll ‘work like hell’ to pass infrastructure, social spending bills

Reuters
WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden said on Saturday he was going to “work like hell” to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans. Biden visited the Capitol on Friday......

EXCLUSIVE White House, top Democrats agree to boost carbon capture credit in budget bill -sources

Reuters
WASHINGTON, Oct 1 (Reuters) – The White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of President Joe Biden’s economic agenda, two sources with knowledge......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Pelosi says House to vote on infrastructure bill, outcome uncertain

Reuters
WASHINGTON, Sept 30 (Reuters) – The U.S. House of Representatives will vote Thursday on a $1 trillion infrastructure bill championed by President Joe Biden and passed in a bipartisan Senate vote, the chamber’s top Democrat said, even as some in her party threaten to vote against it. Speaker of the......

Panel probing U.S. Capitol riot issues subpoenas to Trump rally organizers

Reuters
WASHINGTON, Sept 29 (Reuters) – The U.S. House of Representatives Select Committee investigating the deadly Jan. 6 riot at the Capitol said on Wednesday it had issued subpoenas to organizers of events and rallies leading up to the attack on the seat of government, as it broadened its inquiry. The......

Democrats mobilize to extend government funding, avert shutdown

Reuters
WASHINGTON, Sept 29 (Reuters) – Democrats in Congress on Wednesday mobilized to defuse one of several crises they face this week, saying they would vote to head off an imminent government shutdown before funding expires at midnight on Thursday. The Senate could vote on Wednesday or Thursday to fund the......

Under fierce Republican attack, U.S. General Milley defends calls with China

Reuters
WASHINGTON, Sept 28 (Reuters) – U.S. General Mark Milley, chairman of the Joint Chiefs of Staff, fended off perhaps the most personal and direct attacks from lawmakers of his career on Tuesday as Republicans blasted his calls with China and his interviews for books critical of Donald Trump’s presidency. Milley,......

U.S. Senators call for ‘full accountability’ in World Bank data controversy

Reuters
WASHINGTON, Sept 27 (Reuters) – The top Democrat and Republican on the U.S. Senate Foreign Relations Committee have urged President Joe Biden to “ensure full accountability” over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva. The panel’s chairman, Senator Robert Menendez, a Democrat, and......

Explainer: What happens when the U.S. federal government shuts down?

Reuters
The U.S. Capitol Building is pictured in Washington, U.S., August 20, 2021. REUTERS/Elizabeth Frantz WASHINGTON, Sept 27 (Reuters) – Washington is racing to avert a partial government shutdown that could lead to furloughs for hundreds of thousands of federal workers in the middle of a national health crisis. Barring a......

Oil shares lead charge as crude hits new 3-year highs

Reuters
A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Oil climbs on tight supply, strong demand Markets hope Beijing will contain Evergrande fallout U.S. debt ceiling deadline nears, spending bill to get vote Bonds pressured......

Pelosi sets Thursday vote on infrastructure, eyes smaller social spending bill

Reuters
U.S. House Speaker Nancy Pelosi (D-CA) holds her weekly news conference at the U.S. Capitol in Washington, U.S. September 8, 2021. REUTERS/Jonathan Ernst/File Photo WASHINGTON, Sept 26 (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi on Sunday set a vote on the $1 trillion bipartisan infrastructure bill for Thursday......

Libya’s presidency seeks consensus on election law

Reuters
Mohamed al-Menfi, Head of the Presidential Council of Libya, talks to media after a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, France, March 23, 2021. REUTERS/Benoit Tessier/File Photo NEW YORK, Sept 25 (Reuters) – The head of Libya’s Presidency Council said on Saturday he would......

Trump allies Bannon, Meadows subpoenaed in Congress’ probe of Capitol riot

Reuters
WASHINGTON, Sept 23 (Reuters) – The U.S. House of Representatives Select Committee investigating the deadly Jan. 6 riot at the Capitol has subpoenaed four former members of Donald Trump’s administration, including Mark Meadows and Steve Bannon, the panel’s chairman said on Thursday. Former White House Deputy Chief of Staff Dan......

U.S. House approves $1 billion for Israel’s ‘Iron Dome’ missile-defense system

Reuters
WASHINGTON, Sept 23 (Reuters) – The U.S. House of Representatives voted overwhelmingly on Thursday to give $1 billion to Israel for its Iron Dome missile-defense system, two days after objections from the most liberal Democrats forced leaders to remove it from a broader spending bill. The measure passed by 420......

EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document

Reuters
Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK, Sept 22 (Reuters) – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a......

Military aid for Israel removed from U.S. funding bill, but leadership pledges vote later this week

Reuters
WASHINGTON, Sept 21 (Reuters) – Democratic lawmakers on Tuesday removed $1 billion in military funding for Israel from legislation to fund the U.S. government after objections from liberals in the House of Representatives, but party leaders pledged to bring the matter up again later this week. Some House Democrats objected......

Post Trump, U.S. Democrats offer bill to rein in presidential powers

Reuters
WASHINGTON, Sept 21 (Reuters) – U.S. House of Representatives Democrats introduced legislation on Tuesday seeking to pull back powers from the presidency, part of an ongoing effort to rein in the White House in a rebuke to the administration of former Republican President Donald Trump. House leaders said the “Protecting......

Pelosi predicts ‘what’s his name’ would fail in a 2024 White House run

Reuters
Sept 16 (Reuters) – Former U.S. President Donald Trump might make another White House run in 2024, but if he does, he will take his place in American history as a two-time loser, House of Representatives Speaker Nancy Pelosi predicted on Thursday. Visiting England for a meeting of parliamentary leaders......

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