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Bessent: Powell can serve out remainder of term as Fed chair

Scott Bessent, President-elect Trump's pick to lead the Treasury Department, said Tuesday that Federal Reserve Chairman Jerome Powell could lead the central bank for the remainder of his term. “I completely agree, as the president said on Sunday, that Jay Powell will serve out his term,” Bessent said. CNBC. His comments come after President Trump […]

Sanders says this will likely be his last term

Sen. Bernie Sanders (Ikola, Vermont), one of the Senate's most prominent progressives, says he likely won't run for the Senate again after his fourth term expires in 2030. . In an interview with Politico, Sanders was asked if this would be his last term in Congress, to which he replied: “Yes. I will be 89 […]

Outgoing Sen. Joe Manchin pushes constitutional amendment for Supreme Court term limits

Sens. Joe Manchin (IW.V.) and Peter Welch (D-Vermont) are proposing a constitutional amendment that would create term limits for future Supreme Court justices. Currently, there is no term limit for high court judges. The U.S. Constitution states that they “…shall perform their duties while acting in good faith…” The proposed amendment would create an 18-year […]

Newsom appoints Schiff to Senate to complete Butler term

California Governor Gavin Newsom (Democratic) has appointed Adam Schiff (D-Calif.) to the U.S. Senate to serve out the unexpired term of Sen. LaFonza Butler (D). The appointment means Schiff, who has served in the House since 2001 and was elected to the Senate last month, will begin work in the Senate several weeks before the […]

Texas House Speaker abandons bid for another term

Texas House Speaker Dade Phelan (R) has declined to seek reelection as House Majority Leader. “Out of deep respect for this institution and its members, after careful consideration and personal consultation with my colleagues, I have made the difficult decision to withdraw from the race for Speaker of the Texas House of Representatives,” Phelan said […]

Jeff Bezos ‘very optimistic’ about Trump’s second term

Amazon founder Jeff Bezos said Wednesday he is “optimistic” about President-elect Donald Trump's second term and expressed some excitement about the possibility of regulatory cuts in the coming years. “I'm actually very optimistic about this,” Bezos said onstage during a wide-ranging interview at the New York Times' Dealbook Summit in New York. “He seems to […]

Congressional Leaders Prep Stopgap to Punt Spending Bill into Trump’s Second Term

Congressional leaders are preparing a stopgap funding bill that would incorporate the next funding bill into President-elect Donald Trump's second term. meeting face House Speaker Mike Johnson (R-Louisiana) and Senate Majority Leader Chuck Schumer (D-N.Y.) have a Dec. 20 deadline to reach an agreement on funding the government. Another stopgap bill is being prepared to […]