Michigan Sen.-elect Abdul El-Sayed told CNN it's "a moment for a refresh" in Senate Democratic leadership. Schumer helped deliver the majority. The thank-you arrived before the new guy was even sworn in: maybe the boss should go.
#Schumer#Democrats
Sanders and Rep. Greg Casar's Ban Artificial Superintelligence Act would create a new cabinet department, pause advanced AI development, and put "reckless" violators away for up to 20 years. They compared the penalties to nuclear weapons law. The bill is still in committee. China isn't pausing. Washington's idea of an arms race is a permit and a prison term.
#AI #Democrats
Bitcoin popped above $81,000 after the midterms, then gave the rally back in about a day. It's back in the mid-$73,000s, and U.S. spot Bitcoin ETFs just booked a fourth straight session of net outflows, with redemptions now over $1 billion. The election trade was a sugar high. The rate scare is the hangover.
$BTC #Fed
Jeffries says Democrats will ban congressional stock trading "as soon as we're back in control." The House already passed a bill in July stopping lawmakers from buying new individual stocks, 232-198. Nearly 200 Democrats voted no. In September the Senate couldn't even get to 60, 53-47. Nothing says reform like rediscovering it after you voted no.
#Congress #Ethics
They sold the midterms as a cost-of-living revolt. A week later the priority list is revenge probes, a buried impeachment, and a rewrite of the Electoral College. Funny how "affordability" disappears once the gavels are in reach.
#Democrats#Midterms
Sigue siendo el mejor vídeo de todos los tiempos.
Medios estatales iraníes: “Ninguna bomba puede alcanzarnos porque Alá nos protege…”
*Momentos después*
Democrats are plotting a path around the Electoral College through the National Popular Vote compact. 18 states and D.C. are already in, 222 electoral votes, 48 short of 270. They just took trifectas in Pennsylvania, Michigan, and Wisconsin. No constitutional amendment. Just enough new statehouses to try to reroute how the country picks a president. #ElectoralCollege #Democrats
The IRGC rolled cameras through a new underground missile facility and walked the armed forces chief through the inventory. That's the de-escalation tour. They don't build missile cities under mountains when they're ready to talk. #Iran#IRGC
Iran's Revolutionary Guards unveiled what they described as a new underground missile facility on Tuesday, releasing footage of senior military commanders touring the complex.
Iranian state media showed Ali Abdollahi, chief of staff of Iran's armed forces, and Majid Mousavi, commander of the Revolutionary Guards Aerospace Force, touring sections of the underground complex.
Authorities did not disclose the facility's location or specify when the visit took place.
During the visit, Abdollahi warned that Iran could expand its retaliation beyond the Middle East if it came under renewed attack.
"If the enemy makes another move against us, our response will extend beyond the region," he said.
https://t.co/fyr08VkuYu
Wall Street called CoreWeave's print relief. The income statement called it a $709 million loss, with $846 million in interest, on $3.66 billion in revenue. They raised guidance anyway. In this AI trade, a "beat" is when the losses come with a bigger story. $CRWV #AI
Veterans Day session, bonds closed, and the 10-year already tagged 5% after a hot inflation print. This is the tape where people talk themselves into a bounce because the room is empty. Inflation didn't take the holiday.
#Fed#Markets
The impeachment was a camera line. The House voted 211-204 to send Massie's Hegseth articles to the Judiciary Committee, where they're unlikely to move. Massie was the only Republican who wouldn't help bury it. If this were the crime of the century, they wouldn't have needed a filing cabinet. #Hegseth #Congress
BREAKING: House Republicans block Rep. Thomas Massie's effort to impeach War Secretary Pete Hegseth, with Massie the lone Republican opposing the move.
The House votes 211-204 to send his impeachment resolution to the GOP-controlled Judiciary Committee, where it is unlikely to advance.
Democrats joined Massie in opposing the move, while the other Republicans who voted support sending it to committee.
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Garcia's first message to the White House was "lawyer up." Counsel Will Scharf just told the incoming Oversight chair that some of those investigations could be criminal, designed to "harass and aggrandize" rather than serve any legitimate legislative purpose. The revenge committee hasn't even organized and it's already been read its rights. #Democrats #Oversight
🚨BREAKING NEWS in @PunchbowlNews AM
The White House counsel warned Democratic Rep. Robert Garcia (D-Calif.), the incoming House Oversight Committee chair, in a new letter that some of the new majority’s investigations could cross the line into criminal behavior.
It’s an audacious claim that signals the White House is taking an aggressive — and hugely controversial — stance toward Democratic oversight in the 120th Congress.
The letter, penned by White House counsel Will Scharf, says that Congress can only investigate matters for a legislative purpose — a position that Republicans have relied on and stretched in recent years.
Further, the Scharf letter, sent to Garcia on Monday, says that Democratic investigations are designed to “harass and aggrandize rather than to advance any legitimate legislative end.”
https://t.co/ESk17EKjwc