Whenever a big bill passes the House, there is a lot of celebration on the majority side of the chamber — especially a multi tens of billions of dollars reconciliation bill.
House Republicans don’t seem proud of this bill.
No applause.
No cheers.
No back slapping.
No hand shakes.
No hooting nor hollering.
This massive spending bill seemed to get the amount of reaction passing a non-binding resolution gets. It’s genuinely surprising they didn’t even pretend to celebrate it.
Maybe they know deep down that most Americans would rather Congress passed a law to lower costs rather than give billions more to federal agencies already flush with tens of billions of dollars.
Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.
Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.
No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."
This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.
The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").
The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements
This is good: Dems are moving to force Rs to vote on Trump's corrupt IRS immunity deal, now that the slush fund is in doubt. Exemption from IRS audits is getting overlooked, but it shouldn't. Dems tell me they're pushing for votes to kill it.
New piece:
https://t.co/ChH1ql8ewS
Don’t forget about Trump also making a deal with the IRS (he is in charge of) to bar audits — getting him and his family out of paying the taxes they legally owe. This basically amounts to a tax bill self-pardon.
And it’s even worse:
Remember he is suing a government that he runs…
for leaking information WHEN HE WAS IN CHARGE OF THAT SAME GOVERNMENT…
with the leaked documents being tax returns that every modern president released on their own!
Folks the court did NOT rule that the fund is dead. She only ruled that for a two-week period the fund would be on pause while the judge could sort through the legal issues. Abiding by the court order does not mean killing the fund.
Folks the court did NOT rule that the fund is dead. She only ruled that for a two-week period the fund would be on pause while the judge could sort through the legal issues. Abiding by the court order does not mean killing the fund.
Ossoff: They tried to run Kemp, but he refused. So we're left with the congressman who's only a congressman because his daddy was a congressman and the coach, who's only a coach because his daddy was a coach.
It doesn't matter which one wins . They're both Trump puppets and we'll beat either one of them in November
I want to thank Senator John Cornyn for his years representing our state.
We don’t agree on everything, but we both still believe in public service.
To Senator Cornyn’s supporters: you have a place in our campaign.
This veteran said the name of every American service member killed in Afghanistan — from memory.
It took him over two hours.
Memorial Day Special: "Freedom Is Only One Generation Away From Extinction" https://t.co/OSockR4ZVs via @YouTube
@MeidasTouch He thinks the Abraham Accords are more important than the US Constitution and Declaration of Independence?
Unparalleled importance and prestige.