Sen. Ted Budd (R-NC) spoke in support of aiding Israel but said he could not support the current bill because it does not address issues at the U.S. southern border. Senators Paul, Tuberville, and Lee also spoke in opposition to the bill for its lack of border security provisions. Their remarks were followed by Senators Romney, Collins, and Murray, who argued in support of the measure.
Senate Majority Leader Chuck Schumer (D-NY) said the Senate's late-night working on passage of an aid bill for Israel, Ukraine, and Taiwan was "worth it," and then called on House Speaker Mike Johnson (R-LA) to call up the bill and pass it through his chamber. Senator Schumer said the bill was a reaffirmation of a U.S. commitment to upholding democratic values, and said any refusal by the House to act on the bill would be a boon to adversaries like Russian President Vladimir Putin.
"I call on the speaker to let the full House speak its mind and not allow a minority of the most extreme voices in the House to block this bill even from being voted on," said President Biden as he delivered remarks from the White House on the Senate's passage of the supplemental spending bill giving aid to Israel, Ukraine, and Taiwan. He reminded House Republicans "history is watching" and criticized former president Trump's comments on NATO, calling it a "dangerous" and "unamerican" signal to the world.
House Democratic Leader Hakeem Jeffries (NY) and other House Democrats held a news conference on a $95 billion aid package to Ukraine, Taiwan, and Israel. Leader Jeffries said that "all options are on the table" to pass the aid, including using a discharge petition to force a vote if Speaker Mike Johnson (R-LA) declines to take it up. He and his colleagues stressed the urgency of passing the bill and standing with U.S. allies, emphasizing that national security, democracy, and freedom were on the line. The Senate passed the legislation earlier in the day, which also includes humanitarian assistance for civilians in Gaza.
Former CIA, Pentagon and State Department officials testified on Houthi threats to U.S. interests during a public hearing before the House Foreign Affairs Subcommittee on the Middle East, North Africa & Central Asia. The witnesses also offered policy recommendations for lawmakers and the White House. During the more than hour-long hearing demonstrators also showed up to protest Israeli military strikes in Gaza and the U.S. stance on the war.
Congressional Budget Office Director Phillip Swagel testified on the United States' budgetary and economic outlook before the House Budget Committee. He said the federal deficit was projected to grow by $2.6 trillion over the next ten years, noting that this was 50% larger than the historical average and that the costs of debt were a major contributor. Regarding the economy, Mr. Swagel said it grew faster in 2023 than it did in 2022, even as inflation slowed. He projected that growth would slow down in 2024, with slightly higher unemployment and continued lower inflation, and that the Federal Reserve would probably reduce interest rates around the middle of the year.
"The road down to 2% is likely to be bumpy," said Federal Reserve Vice Chair Michael Barr as he discussed monetary policy and the economy at the National Association for Business Economics policy conference in Washington, DC. He voiced the importance of being "careful" and "cautious" when it comes to cutting rates - making sure that they don't cut prematurely or take too long. Additional topics included economic developments, bank failures, liquidity risk management, and instant digital payments.
A Georgia court held a hearing to consider misconduct allegations against Fulton County District Attorney Fani Willis. Ms. Willis is leading Georgia's election interference case against former President Donald Trump and others. She's being accused of having a romantic relationship with one of the special prosecutors in the case, Nathan Wade. Attorneys for former President Trump and the other defendants are trying to get her removed from the case.
A Georgia court held a hearing to consider misconduct allegations against Fulton County District Attorney Fani Willis. Ms. Willis is leading Georgia's election interference case against former President Donald Trump and others. She's being accused of having a romantic relationship with one of the special prosecutors in the case, Nathan Wade. Attorneys for former President Trump and the other defendants are trying to get her removed from the case.
A Georgia court held a hearing to consider misconduct allegations against Fulton County District Attorney Fani Willis. Ms. Willis is leading Georgia's election interference case against former President Donald Trump and others. She's being accused of having a romantic relationship with one of the special prosecutors in the case, Nathan Wade. Attorneys for former President Trump and the other defendants are trying to get her removed from the case.
IRS Commissioner Daniel Werfel testified at an oversight hearing before the House Ways and Means Committee. Topics included child tax credit implementation, child support enforcement, disparities in the tax system, and the use of Artificial Intelligence (AI) in auditing tax returns. In addition, credentialling tax preparers, corporate fraud, and earned income tax credits fraud were discussed.
Top cyber officials in the Biden administration, members of Congress, and industry stakeholders gathered at the Information Technology Industry Council's tech policy summit in Washington, DC. In this portion of the summit, Federal Communications Commission Commissioner Anna Gomez (D) discussed broadband and artificial intelligence, and Salesforce AI CEO Clara Shih discussed the implications of AI for safety, education, and jobs.
Up-to-date highlights from candidates' speeches, interviews with political insiders, the latest poll numbers, fundraising stats, and political ads. Witness the campaign unfold in every episode. This week, highlights from Texas and South Carolina with Republicans Nikki Haley and former President Donald Trump, both in pursuit of their party's 2024 presidential nomination, and from Michigan, where independent Robert F. Kennedy was meeting with voters. Also, a conversation with the New Jersey Globe's Joey Fox on the latest in the Garden State's 2024 U.S. Senate race.