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SENATORS GRILL FED CHAIR: Fed Chair Jerome Powell makes his semi-annual report to the Senate Banking Committee. twitter.com/i/broadcasts/1…
While the Fed is supposed to be free from political pressure, Pres. Trump has routinely publicly insulted Powell and tried to bully him into lowering interest rates to 'ZERO or less.'
The U.S. has never cut interest rates below zero. Lower interest rates can help stock market investors, but they hurt families trying to build up savings in bank accounts.
Lowering interest rates could also lower the payments Trump owes on his own debts, which are estimated to range from $300 million to over $1 billion.
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NowThis
@nowthisnews
DEFENDING TRUMP'S BUDGET: Treasury Sec. Steven Mnuchin is testifying about Pres. Trump's 2021 budget before a Senate committee. twitter.com/i/broadcasts/1…
Trump's plan calls for extending his individual tax cuts, which overwhelmingly benefit the wealthy, at a cost of $1.4 trillion.
Meanwhile, the budget would cut safety net programs like Medicaid and food stamps by $292 billion, cut spending on student loan forgiveness by $170 billion, and cut the Education Dept. and the EPA by 8% and 27%, respectively.
Read 3 tweets
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NowThis
@nowthisnews
NEW CHANCE FOR EQUAL RIGHTS: Speaker Pelosi and Dem lawmakers are speaking out for the Equal Rights Amendment, or ERA. twitter.com/i/broadcasts/1…
The ERA is a constitutional amendment to ban discrimination based on sex. It's been in the works for nearly 50 years. The deadline to ratify it expired in 1982 when only 35 of the 38 necessary states had passed it.
Now that Virginia has become the 38th state, Pelosi and others are trying to extend the deadline. The ERA would provide a legal defense against a potential rollback of Roe v. Wade, as well as guarantee a federal judicial standard for sex discrimination cases.
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NowThis
@nowthisnews
NEW HAMPSHIRE VOTES: It's Primary Day! After muddy results from the Iowa Caucus, this could be the first clear victory for a Democratic contender. twitter.com/i/broadcasts/1…
24 pledged delegates are up for grabs in the race to pick up the 1,990 needed to win the nomination. After Iowa, Pete Buttigieg leads by just one delegate.
Sen. Bernie Sanders hopes a repeat of his decisive NH victory in 2016 will push him ahead. Meanwhile, Republicans are choosing between Pres. Trump, who once called the Granite State a 'drug-infested den,' and the former governor of neighboring Massachusetts, Bill Weld.
Read 3 tweets

Related threads

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Cyber Anakin
@cybanakinvader
.@twitter You don't need to delete inactive accounts to maintain #Twitter's integrity. Here's my idea; please scroll through this thread to know about it. @twittersupport @jack @delbius @vijaya @kayvz
You divide Twitter into an old sector on "1.twitter.com" and put all things we have now over there and a new sector at 2.twitter.com.
Handle pools would start afresh on 2.twitter.com while all users would be checked for activity by having them completing a prompt to switch over to the new sector along with their username & content,
Read 9 tweets
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Nic Holas
@nicheholas
twitter.com/i/broadcasts/1…
#hometobilo
Read 15 tweets
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JMHendersonSr
@ABustedBoomer
Here is an actual clause of the #USConstitution:

“...no religious Test shall ever be required as a Qualification to any Office or public Trust under the United States.”

US Constitution, Article VI, Clause 3

#buescher
#nominee
#Nebraska
Suppose that Article VI had a further Clause, Clause 4, that stated, “no racial identity shall ever be the basis for a Qualification to any Office or public Trust under the United States.”
Now, such a clause would prohibit the President from granting or withholding an office based on racial identity, and, in like vein, would prohibit the Senate from withholding consent to a nomination, or granting it, on the basis of racial identity.
Read 15 tweets
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Casey Michel 🇰🇿
@cjcmichel
Senate Banking Committee hearing on Russian sanctions: banking.senate.gov/hearings/russi… Sen. @MikeCrapo leads things off by saying CAATSA will likely remain in place while Putin is in power.
.@SenJohnKennedy: "I think Mr. Putin does own assets in the U.S., and I think that Treasury knows what those assets are. ... I would like us to have a frank and honest discussion about the ramifications of seizing those assets."
Treasury Under Secretary Mandelker didn't deny Putin owning American assets: "That's not something that we can discuss in an open or public setting."
Read 4 tweets
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Jeff Seldin
@jseldin
Highlights fro #Senate Intelligence Committee Hearing on foreign interference via social media platforms:

"Election interference from abroad represents an intolerable assault on the democratic foundation this republic was built on" per @SenatorBurr
"It's also important that the American people know that these activities neither began nor ended with the 2016 elections" per @SenatorBurr "Foreign actors continue an aggressive and pervasive influence campaign against the #UnitedStatesofAmerica"
Efforts like those id'd by @facebook "creating events on our streets w/real #Americans unknowingly participating" adds @SenatorBurr
Read 18 tweets

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