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McCarthy floats stopgap funding to prevent a government shutdown
Stock Market News |
2023/08/17 13:37
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Congressional leaders are pitching a stopgap government funding package to avoid a federal shutdown after next month, acknowledging the House and Senate are nowhere near agreement on spending levels to keep federal operations running.
House Speaker Kevin McCarthy raised the idea of a months-long funding package, known as a continuing resolution, to House Republicans on a members-only call Monday evening, according to those familiar with the private session and granted anonymity to discuss it.
On Tuesday, Senate Majority Leader Chuck Schumer said the two leaders had spoken about such a temporary measure. It would extend federal funding operations into December to allow more time to work on the annual spending bills.
“I thought it was a good thing that he recognized that we need a CR,” Schumer, D-N.Y., told reporters on a call. “We hope that our House Republicans will realize that any funding resolution has to be bipartisan or they will risk shutting down the government,” he said.
A stopgap measure that would keep government offices running past the Sept. 30 end of the fiscal year is a typical strategy while the Republican-held House and Democrat-held Senate try to iron out a long-term budget agreement. The government’s new fiscal year begins on Oct. 1, when funding approval is needed to avert closures of federal offices.
But this year, the task may prove more politically difficult. McCarthy will need to win over a large portion of his Republican colleagues to pass the stopgap bill or risk political blowback from staunch conservatives if he leaves them behind and cuts a bipartisan deal with Democrats.
Conservatives, including many from the House Freedom Caucus, are usually loathe to get behind short-term funding measures as they push for steeper spending cuts, using the threat of a shutdown as leverage. |
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Trump’s Lawyers Meet With Prosecutors as Election Interference Charges Loom
Stock Market News |
2023/07/27 15:26
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Lawyers for Donald Trump were meeting Thursday with members of special counsel Jack Smith’s team as a potential indictment loomed over the former president’s efforts to overturn the results of the 2020 election, according to a person familiar with the matter.
The meeting included Trump lawyer John Lauro, said the person, who spoke on the condition of anonymity to The Associated Press to describe a private gathering. Trump earlier this month was informed by Smith’s office that he was a target of the Justice Department’s investigation, suggesting that an indictment could be soon.
The investigation has focused on the turbulent two month-period after the November 2020 election in which Trump refused to accept his loss to Joe Biden and spread lies that victory was stolen from him. The turmoil resulted in the Jan. 6, 2021, riot at the U.S. Capitol, when Trump loyalists violently broke into the building, attacked police officers and disrupted the congressional counting of electoral votes. More than 1,000 people have been charged with federal crimes related to the Capitol riot.
In between the election and the riot, Trump urged local election officials to undo voting results in their states, pressured Vice President Mike Pence to halt the certification of electoral votes and falsely claimed that the election had been stolen — despite the fact that numerous federal and local officials, a long list of courts, top former campaign staffers and even his own attorney general have all said there is no evidence of the fraud he alleges.
A spokesman for Smith declined to comment on Thursday’s meeting.
Trump was charged by Smith’s team last month with illegally hoarding classified documents at his Palm Beach, Florida, estate, Mar-a-Lago, and concealing them from investigators. He was also indicted in New York in March on charges of falsifying business records in connection with an alleged hush money payment to a porn actor. And prosecutors in Fulton County, Georgia, are preparing to announce charging decisions in the coming weeks related to efforts to subvert the election in that state. |
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Diversify or die: San Francisco’s downtown is a wake-up call for other cities
Stock Market News |
2023/07/17 11:29
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Jack Mogannam, manager of Sam’s Cable Car Lounge in downtown San Francisco, relishes the days when his bar stayed open past midnight every night, welcoming crowds that jostled on the streets, bar hopped, window browsed or just took in the night air.
He’s had to drastically curtail those hours because of diminished foot traffic, and business is down 30%. A sign outside the lounge pleads: “We need your support!”
“I’d stand outside my bar at 10 p.m. and look, it would be like a party on the street,” Mogannam said. “Now you see, like, six people on the street up and down the block. It’s a ghost town.”
After a three-year exile, the pandemic now fading from view, the expected crowds and electric ambience of downtown have not returned.
Empty storefronts dot the streets. Large “going out of business” signs hang in windows. Uniqlo, Nordstrom Rack and Anthropologie are gone. Last month, the owner of Westfield San Francisco Centre, a fixture for more than 20 years, said it was handing the mall back to its lender, citing declining sales and foot traffic. The owner of two towering hotels, including a Hilton, did the same.
Shampoo, toothpaste and other toiletries are locked up at downtown pharmacies. And armed robbers recently hit a Gucci store in broad daylight.
San Francisco has become the prime example of what downtowns shouldn’t look like: vacant, crime-ridden and in various stages of decay. But in truth, it’s just one of many cities across the U.S. whose downtowns are reckoning with a post-pandemic wake-up call: diversify or die.
As the pandemic bore down in early 2020, it drove people out of city centers and boosted shopping and dining in residential neighborhoods and nearby suburbs as workers stayed closer to home. Those habits seem poised to stay.
No longer the purview of office workers, downtowns must become around-the-clock destinations for people to congregate, said Richard Florida, a specialist in city planning at the University of Toronto. |
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Man gets life sentence for raping 9-year-old Ohio girl
Stock Market News |
2023/07/06 16:33
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A man who confessed to raping and impregnating a 9-year-old Ohio girl has been sentenced to life in prison in a case that became a national flashpoint on abortion rights because the girl had to travel out of state to end the pregnancy.
Gerson Fuentes, 28, was sentenced to life in prison, but his plea deal stipulates that he can seek parole after serving 25 to 30 years. He would then have to register as a sex offender.
Common Pleas Court Judge Julie Lynch, who was not required to approve the plea agreement, said the girl’s family “begged” the judge to back it. Lynch called the deal a “very hard pill for this court to swallow.”
“Anyone who’s ever been in this courtroom for the last 20 years knows how this court feels about these babies, young people, being violated,” Lynch said. “However, today, by the request of the family, this court will be sentencing without comment.”
The maximum sentence would have been life without parole. Settling the case before trial will spare the survivor from having to testify in court.
Zachary Olah, an attorney who represented Fuentes, told The Columbus Dispatch after the hearing that his client has been cooperative since the beginning.
“He was anxious to get this resolved,” Olah said.
The girl, who turned 10 before having the abortion, confirmed that Fuentes attacked her, Franklin County prosecutors have said, and Fuentes confessed to Columbus police detectives. DNA testing of the aborted fetus confirmed Fuentes was the father, prosecutors said.
Fuentes, who is from Guatemala and was living in Columbus, had been held without bond since his arrest. If he eventually wins parole, he would likely be deported given that authorities have said they have not found any evidence he is authorized to live in the U.S. legally. |
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Appeals court halts House interview with ex-Trump prosecutor
Stock Market News |
2023/04/20 14:23
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A federal appeals court has temporarily blocked House Republicans from questioning a former Manhattan prosecutor about the criminal case against ex-President Donald Trump, the latest twist in a legal battle between Manhattan District Attorney Alvin Bragg’s office and the House Judiciary Committee.
The 2nd U.S. Circuit Court of Appeals issued an administrative stay late Wednesday, hours after a lower court judge ruled there was no legal basis to block the Judiciary Committee’s subpoena to former prosecutor Mark Pomerantz. Committee chair Rep. Jim Jordan, an Ohio Republican, had sought to question him Thursday.
In issuing the stay, Judge Beth Robinson noted that her order “reflects no judgment regarding the merits” of the case. A three-judge panel will ultimately weigh whether to uphold or overturn the lower-court’s decision. Robinson, a Biden appointee, set an aggressive briefing schedule, ordering Bragg’s office to file court papers detailing its appeal by Friday and for the Judiciary Committee to submit its response by Saturday.
Bragg’s office appealed to the 2nd Circuit hours after U.S. District Judge Mary Kay Vyskocil rejected his request for a temporary restraining order, ruling Wednesday that Jordan had a valid legislative purpose in issuing the subpoena. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
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