It’s Wednesday. Haven’t finalized your March Madness bracket yet? I have up to It’s 12:15pm tomorrow! 🏀 Here’s what’s happening in the world of politics today.
- House Republicans are holding hearings hunter bidenfinances. But Biden isn’t there.
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former president trump There are five days left to collect on the $464 million bond. Keep reading to find out what would happen if Trump had no money.
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My social media feed is New chocolate chip cookie dough croissant — and I don’t hate it. The photos look insanely good.
- of federal reserve Today’s interest rate cuts are no longer expected.
I kate martell A quick summary of this morning and what’s to come. Send tips, explanations, feedback, and cookie recipes to: cmartel@thehill.com. Did someone forward this newsletter to you?Sign up here.
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speaker mike johnson (R-Louisiana) told reporters this morning that he expects the legal text of the spending package to be released today.
Why is timing so difficult?: House Republicans have called for at least 72 hours to consider the bill. And there is no mention of Senate proceedings that could hold up the bill. There are only about 60 hours left until government funding for several sectors expires.
^ FWIW: Prime Minister Boris Johnson said he believed the bill could be passed in time without further extensions.
💬 Live blog for the latest information on Shutdown Watch
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➤ House conservatives are understandably angry:
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House conservatives are not happy with the spending deal (also known as minibus🚌) negotiated by the Speaker.
And Sen. rand paul (R-Ky.) told The Hill he plans to hold up the bill and trigger a shutdown.
💡 Remember: Democrats control the Senate and the White House. Prime Minister Johnson made several deals with Democrats, because it would have been nearly impossible to pass the bill without them. That’s just the political reality. Still, this undermines Republican influence, which is why conservatives have accused leadership of ignoring Republican demands.
read more: ‘Johnson and Biden risk backlash from all sides over government funding deal.’
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Republicans on the House Oversight and Accountability Committee are scheduled to hold a hearing today to review the bill. hunter bidenfinancial issues as part of Republican impeachment inquiry into father; president biden.
But here’s the problem: Hunter Biden will not attend.
💻 Live stream of public hearing
Republicans have two hostile witnesses. “[Biden’s] easy business associate Tony Bobulinski — the person Biden requested to investigate — as well as Jason Galanis Who is in jail and who Biden said he met with once. ”
Democratic Party also invites witnesses: Lev Parnasa former aide to a former Trump lawyer, was convicted. Rudy Giuliani.
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The Supreme Court on Tuesday allowed a controversial Texas law to go into effect, giving law enforcement the power to arrest people suspected of entering the country illegally.
However, late Tuesday night: A federal appeals court has put this law on hold.
What happened today: The Appeals Committee It is scheduled Oral arguments will be held today to discuss the law.
This means that the law was only in effect for a short period of time.: hill lauren irwin It noted that Texas authorities had not announced any arrests during the time the law was in effect.
interesting complication: The Associated Press noted that it is unclear where the deported migrants will go. Mexico has said it will not accept expelled immigrants who are not Mexican citizens.
What you need to know about this new Texas immigration lawfrom the Texas Tribune
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Previously president trump His assets are at risk of being seized if he fails to collect $464 million in bail by Monday in a New York civil fraud trial.
does he have money?: No, it’s The Hills. Ella Lee Trump has described his net worth as unclear — Forbes and Bloomberg estimate his worth at between $2.6 billion and $3.1 billion. However, this includes not only cash but also real estate and assets.
Why that number?: A judge orders President Trump to pay a $454 million fine in a ruling for deceptive business practices. In addition, he has $112,000 in interest accrued daily. Mr. Trump’s lawyers are trying to obtain a loan to suspend payment of the fine while he appeals, but to obtain bail, Mr. Trump would have to post 120% of his judgment as collateral. That’s over $557 million.
The big question is, what happens if Trump can’t raise the money?: The former president plans to appeal his bail, but if the courts fail to reach a compromise with President Trump, his assets (including Trump Tower and 40 Wall Street) could be seized.
Other scenarios: “Trump [could rapidly sell off] By the time the property reaches the deposit by Monday, [file] go bankrupt or [seek] He needs help from wealthy third-party donors, but he is running for president, which could cause complications. ”
Read more about what happens if Trump can’t pay his $464 million bailvia The Hills Ella Lee
“Panic mode begins as President Trump faces expiry of huge public debt”: CNN
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The New York State Attorney General’s Office asked the appellate court to enforce enforcement against the former defendants.president trump Bail must be paid in full before the multi-million dollar judgment can be suspended. ( the hill)
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➤ Trivia about the Georgia case:
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Judge Granted Permit of Fulton County District Attorney, Georgia Fanny Willis (D) Leave as is.president trumpPresident Trump was allowed to immediately appeal the Willis decision in the election interference case. ( the hill)
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Chairman of the Federal Reserve System Jerome Powell The governor is scheduled to hold a press conference this afternoon and is widely expected to leave interest rates unchanged.
Nothing has changed, so why mention it?: There has been speculation about whether the Fed will cut interest rates. The committee responsible for setting interest rates predicted that interest rates could be lowered as early as March.
Why aren’t interest rates going down?: Inflation did not fall as much as expected in January and February. That’s the big reason. Moreover, job growth accelerated faster than economists expected. While job growth is generally a good thing, it also made the Fed hesitant to cut interest rates.
5 things to know about the Fed’s March interest rate decisionvia The Hills julia chapero and sylvan lane
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🍝 celebrate: Today is National Ravioli Day!
🍪🥐 Yes, cookie croissant:A boulangerie in paris Butter croissant with warm cookie dough filling. Home bakers have recreated this combination and are raving about it. Basically, you cut a baked croissant open, add cookie dough, close it, and bake until the cookie dough is partially cooked before eating. 📸combo pictures
🚈 Oh, Lara: DC Metro announces new 8000 series trains. The biggest difference is that the rider can walk between his two cars. Starting today, you can see a new model train on the National Mall. (WJLA-TV)
☹️️ Well this is depressing: “The United States recorded its lowest ever ranking in the annual World Happiness Report, dropping eight places to 23rd place.” (Axios)
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It contains the House of Representatives and the Senate. president biden Located in Arizona and Texas. vice president harris I’m in Washington DC (always eastern)
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noon: Senate adjournment vote on nominations. 🗓️ Today’s topic
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1:30pm: First chamber vote of the day. 🗓️ Today’s topic
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1:40pm:Biden tours Inter Ocotillo campus in Phoenix.
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2:15pm: There are two votes in the Senate on judicial nominations.
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2:30:30pm: Federal Reserve Chairman Jerome Powell holds a press conference. 💻 live stream
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2:45pm: Biden announces preliminary agreement with Intel for major CHIPS and science law awards. 💻 live stream
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4:30pm: Final House vote.
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5:15pm: Another Senate judicial confirmation vote.
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6:10pm: Harris and Sen.Cory Booker (DN.J.) spoke at the League of Conservation Voters’ Annual Capital Dinner.
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7:05pm:Biden attended two campaign receptions in the Dallas area.
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