Category: Senate

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

The New York Times – Business:
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Democratic Senators Press Southwest Over Its Christmas Meltdown

The New York Times – Travel:
A group of lawmakers sent a letter to the airline’s chief executive seeking information about the widespread disruptions that stranded travelers last month.
John Fetterman Got a New Suit for His Senate Swearing-In

The New York Times – Fashion & Style:
The Pennsylvania lawmaker joins the Washington establishment. Sort of.
Phil Washington, Biden’s F.A.A. Nominee, Faces Murky Road to Confirmation

The New York Times – Business:
The nominee, Phillip A. Washington, who has yet to receive a confirmation hearing, has drawn scrutiny over his aviation experience and his involvement in a corruption inquiry.
With Senate Vote, Congress Moves to Avert Rail Strike

The New York Times – Business:
Bipartisan coalitions in the House and Senate pushed through a bill that would impose an agreement between rail companies and their workers.
What to Know About Biden’s and Congress’s Involvement in the Rail Strike

The New York Times – Business:
President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.
Congressional Leaders Say They Will Act to Prevent Rail Strike

The New York Times – Business:
President Biden said that the prospect of a strike next month had put the U.S. economy “at risk.”
Chaos Over Taylor Swift Ticket Sales Prompts a Senate Hearing

The New York Times – Business:
A committee led by Senator Amy Klobuchar of Minnesota will examine the ticketing industry after failures last week frustrated millions of the superstar’s fans.
Democratic Lawmakers Call for Investigation of Elon Musk’s Twitter

The New York Times – Business:
Seven Democratic senators urged the Federal Trade Commission to examine whether the social media company, under Mr. Musk’s ownership, had violated a 2011 privacy agreement.
Yellen Urges Congress to Raise Debt Limit Beyond 2024 Election

The New York Times – Business:
Republicans might try to use the borrowing cap as leverage if they achieve a majority in the House or Senate, but the Treasury secretary cautioned against a “devastating economic self-inflicted blow.”
Inflation Plagues Democrats in Polling. Will It Crush Them at the Ballot Box?

The New York Times – Business:
Americans are extremely attuned to the cost of living, and as midterm election voters head to the polls, they are divided over whom to blame.
Why Wall Street Loves Gridlock in Washington

The New York Times – Business:
Stocks tend to rally after midterm elections, historical data shows. They perform even better when voters deliver divided government.