List of All Articles with Tag 'us politics'

Florida Gov. Ron DeSantis is urging the state's pension fund manager to consider legal action against Bud Light's parent company amid conservative backlash to the beermaker's recent marketing efforts, the latest attempt by the Republican presidential candidate to inject himself and the state he runs into the country's culture wars.

The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC

A dozen states have had to pause terminating certain residents from Medicaid and to restore coverage -- at least temporarily -- for tens of thousands of people, according to the Centers for Medicare and Medicaid Services.

When President Joe Biden returns to Pennsylvania on Thursday, his message will be similar to the one he's delivered on many of his 26 previous visits to the commonwealth since taking office.

New York Democratic Sen. Kirsten Gillibrand and Missouri Republican Sen. Josh Hawley are introducing bipartisan legislation that would prevent members of the executive and legislative branches — as well as their spouses and children — from trading individual company stocks.

President Joe Biden on Tuesday posted a campaign ad promoting his legislative wins by using clips from a recent speech GOP Rep. Marjorie Taylor Greene gave at the Turning Point Action Conference where she compared Biden to Franklin D. Roosevelt and Lyndon B. Johnson.

Although Georgia Republican Rep Marjorie Taylor Greene tried to criticize President Joe Biden by comparing his programs to those of Presidents Franklin Roosevelt and Lyndon Johnson, the White House took it as a compliment. “Caught us. President Biden is working to make life easier for hardworking families,” the official White House account tweeted. Rep Greene outlined President Johnson’s programmes, called The Great Society, which addressed “education, medical care, urban problems, rural poverty, transportation, Medicare, Medicaid, food stamps and welfare,” as well as the Office of Economic Opportunity and labor unions. While Johnson had The Great Society, Joe Biden has Build Back Better, Ms Greene said, describing it as: “The largest public investment in social infrastructure and environmental programs that is actually finishing what FDR started that LBJ expanded on.” “And Joe Biden is attempting to complete socialism,” Ms Greene continued. “Marjorie Taylor Greene thought her recent speech was an attack on ⁦POTUS⁩. It’s actually a huge compliment,” California Democratic Congressman Ted Lieu chimed in. New York Democratic Congressman Ritchie Torres also reacted: “Marjorie Taylor Greene, a recovering member of the House Freedom Caucus, has accused President Biden and Congressional Democrats of ‘trying to finish what FDR started.’” He added, “Yes! We are guilty as charged.” Rep Greene criticized President Biden’s investments, saying the US is “now $32 trillion in debt with record high homelessness, 40 year record inflation. We’re losing the US Dollar as the number one world currency. We’re losing our freedoms. Our government is one big fat bloated machine and it’s killing the American dream.” Read More Marjorie Taylor Greene’s antics show that the 2024 election will be about America’s role in the world Far-right pundits and lawmakers evangelise and crown Trump and Tucker at Turning Point’s Florida conference Marjorie Taylor Greene brands Nato ‘not a reliable partner’ as she calls for US to withdraw

Anyone who spends time following American politics is bound to encounter reports about polling. With the 2024 election just around the corner, here are tips from CNN's director of polling and election analytics on what to look out for and avoid.

The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.

Rep. George Santos' campaign paid $85,000 to the New York Republican in May, using donor money for a loan repayment, according to a Friday filing with federal election regulators.

If you forgot to file your taxes during the early days of the Covid-19 pandemic in 2020, you have until Monday to do so. The 2019 return must be filed on paper, rather than electronically, and be postmarked by July 17.

A number of Republican-led states spent their most recent legislative sessions relaxing child labour laws — while one state is already experiencing a rise in child labour cases. A report from WFTV in Orlando published Wednesday suggests that central Florida is already seeing a spike in child labour cases that dates back to the onset of the Covid-19 pandemic. The nature of the cases reportedly range in scope and seriousness from having children working too many hours on school days to operating heavy machinery and beyond. “From [fiscal years] 2020 until 2022, we have seen more child labor that we had seen from 2011 to 2020,” Department of Labor District Director Wildalí De Jesús told WFTV. The Covid pandemic began in 2020 and upended the labour market — causing the service economy to contract and then leaving a number of employers without adequate staff when lockdown measures were relaxed and consumption habits returned to pre-pandemic levels. Still, the data shows an alarming trend in the illegal exploitation of minors in the workforce at a time when states across the country are working to roll back child labour laws that are a longstanding legacy of the children’s rights and labour movements. Already this year, numerous GOP-led states including Missouri, Ohio, Arkansas, and Iowa have passed laws weakening child labour laws — allowing companies to hire children without work permits and making it legal for them to working longer hours in more dangerous conditions. The push to weaken child labour laws has reportedly been led by a Florida-based think tank, the Foundation for Government Accountability, which drafted the model legislation for states to use to roll back their child labour protections. The data from Florida is not entirely clear on several points, including how many of the children in question are undocumented immigrants. In her comments to WFTV, Ms De Jesús said parents are not always in a position to know the exact details of the work their children are doing and how it aligns with child labour law. “We’re seeing a trend of much younger children… because sometimes the children don’t know what they’re supposed to do or not supposed to do,” Ms De Jesús told the television station. “A lot of times parents don’t know either. They may assume that it’s safe or that [the child is] working the correct hours and that there’s no limitations, but there are.” Earlier this year, the Department of Labor reported a 68 per cent increase in the number of children illegally employed by US companies since 2018. A number of those children may be undocumented migrants. Read More Wisconsin teen dies in sawmill accident in one of 14 states looking to roll back child labour laws