Page 9 - Us Congress

TikTok CEO warns users about ban ahead of US Congress hearing on March 23

Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23

Biden's $6.8 trn budget in jeopardy as Congress resumes sitting on Monday

US President Joe Biden's $6.8 trillion budget hangs in the balance as Congress resumes its sitting on Monday as Republicans have vowed to defeat it demanding spending cuts

President Joe Biden calls for tougher penalties for execs of failed banks

President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. Biden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range of banks should they fail, and to lower the threshold for the regulator to impose fines and bar executives from working at another bank. He called on Congress to grant the FDIC those powers after the failures of Silicon Valley Bank and Signature Bank sent shockwaves through the global banking industry. Strengthening accountability is an important deterrent to prevent mismanagement in the future, Biden said in a statement. Congress must act to impose tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing. Currently the FDIC can only take back the compensation of ...

Biden to urge 25% billionaire tax, levies on rich investors & corporations

Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal

US officials offer to brief Congress over Trump's classified documents

US officials have offered to brief congressional leaders on their investigation into the classified documents found at former President Donald Trump's Florida residence, people familiar with the matter said Sunday. A briefing could come as soon as this week. But it may not meet demands from lawmakers who want to review the documents taken not just from Mar-a-Lago but also from the Wilmington, Delaware, home and former private office in Washington belonging to President Joe Biden and the Indiana home of former Vice President Mike Pence. Six months after federal agents conducted an unprecedented search of a former president's home for classified documents, the White House faces bipartisan pressure to share what it found with lawmakers who say the are concerned about the potential damage to national security and intelligence sources. Separate special counsels are investigating the documents found in the possession of Trump and Biden. Officials have declined to answer most questions in

Indian-Americans make up 1% of US population, pay 6% of taxes: Congressman

Indian-Americans who make up about one per cent of the US population pay about six per cent of the taxes, a Congressman said, noting that this ethnic community does not cause problems and follows law

House Jan 6 comittee releases report blasting Trump for Capitol assault

The House Jan. 6 committee's final report asserts that Donald Trump criminally engaged in a multi-part conspiracy to overturn the lawful results of the 2020 presidential election and failed to act to stop his supporters from attacking the Capitol, concluding an extraordinary 18-month investigation into the former president and the violent insurrection two years ago. The 814-page report released Thursday comes after the panel interviewed more than 1,000 witnesses, held 10 hearings and obtained millions of pages of documents. The witnesses ranging from many of Trump's closest aides to law enforcement to some of the rioters themselves detailed Trump's actions in the weeks ahead of the insurrection and how his wide-ranging pressure campaign to overturn his defeat directly influenced those who brutally pushed past the police and smashed through the windows and doors of the Capitol on January 6, 2021. The central cause of January 6th was one man, former President Donald Trump, who many

Zelenskyy urges US Congress to help Ukraine turn the corner in war

"If your Patriots stop the Russian terror against our cities, it will let Ukrainian patriots work to the full to defend our freedom," said Zelenskyy

Zelenskyy tells US Congress he proposed 10-point peace formula to Biden

Ukrainian President Volodymyr Zelenskyy told the US Congress that he proposed a 10-point peace formula during his meeting with President Joe Biden, which he hoped would result in joint security guarantees for decades ahead. Zelenskyy, 44, met President Biden in the Oval Office and jointly addressed a press conference at the White House on Wednesday. He was given the rare distinction of addressing a joint session of the US Congress on a day packed with back-to-back meetings. We need peace. Ukraine has already offered proposals, which I just discussed with President Biden, our peace formula, ten points which should and must be implemented for our joint security guarantees for decades ahead. And the summit, which can be held, Zelenskyy said in his historic address to the joint session of the Congress. He said that any such discussions would also depend on Russia's willingness to negotiate and the participation of the international legal order, even as he slammed Russian President ...

'Ukraine is alive and kicking', says Zelenskyy in address to US Congress

Ukraine President Volodymyr Zelensky addressed members of the US Congress saying, 'Against all odds, and doom and gloom, Ukraine did not fall. Ukraine is alive and kicking'

Congress moves to ban TikTok from US government devices in spending bill

TikTok would be banned from most US government devices under a spending bill Congress unveiled early Tuesday, the latest push by American lawmakers against the Chinese-owned social media app. The USD 1.7 trillion package includes requirements for the Biden administration to prohibit most uses of TikTok or any other app created by its owner, ByteDance Ltd. The requirements would apply to the executive branch with exemptions for national security, law enforcement and research purposes and don't appear to cover Congress, where a handful of lawmakers maintain TikTok accounts. TikTok is consumed by two-thirds of American teens and has become the second-most popular domain in the world. But there's long been bipartisan concern in Washington that Beijing would use legal and regulatory power to seize American user data or try to push pro-China narratives or misinformation. Brooke Oberwetter, a spokesperson for TikTok, called the ban a political gesture that will do nothing to advance ...

US Congress moves to ban Chinese-owned TikTok from government devices

TikTok would be banned from most US government devices under a government spending bill Congress unveiled early Tuesday, the latest push by American lawmakers against the Chinese-owned social media app. The $1.7 trillion package includes requirements for the Biden administration to prohibit most uses of TikTok or any other app created by its owner, ByteDance Ltd. The requirements would apply to the executive branch with exemptions for national security, law enforcement and research purposes and don't appear to cover Congress, where a handful of lawmakers maintain TikTok accounts. TikTok is consumed by two-thirds of American teens and has become the second-most popular domain in the world. But there's long been bipartisan concern in Washington that Beijing would use legal and regulatory power to seize American user data or try to push pro-China narratives or misinformation. ByteDance did not immediately respond to a request for comment. It has previously noted that TikTok is ...

Former FTX CEO Bankman-Fried says will testify to Congress over its fall

The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he won't be as helpful as he'd like to be. The tweet came in response to a tweet from House Financial Services Committee Chair Maxine Waters, who on Monday requested that Bankman-Fried attend next week's hearings over the collapse of FTX. Waters said in a series of tweets to Bankman-Fried that based on multiple media interviews since FTX collapsed that it was clear to us that the information you have thus far is sufficient for testimony. FTX failed last month in what was essentially a cryptocurrency version of a bank run, when customers tried to withdraw their assets all at once because of growing doubts about the financial strength of the company and its affiliated trading arm, Alameda Research. Since its collapse, FTX's new management has called the cryptocurrency exchange's management a comple

US Congress sends bill on same-sex marriage to White House after approval

The US Congress approved a bill on same-sex marriage and sent it to the White House

Congressman Raja Krishnamoorthi campaigns for Georgia Senate runoff

Indian American Congressman Raja Krishnamoorthi has campaigned in Georgia to organize and galvanize the Asian American Pacific Islander (AAPI) community ahead of the crucial Senate run-off. Democratic Party's Senator Raphael Warnock is fighting a tough battle against his Republican opponent Herschel Walker in the critical election race, the result of which would decide whether his party would gain majority in the 100-member Senate, or it would be a tie like the current one wherein both the party's had 50 seat each, with the Vice President casting her crucial vote in the event of a tie. I'm proud to be campaigning for Senator Warnock in Georgia and urging members of the AAPI and South Asian community to door knock and 'Warnock' for the Senator because of how important this race is for the country and for Georgians," Krishnamoorthi said as he campaigned in Atlanta among South Asians and AAPI communities in the State. AAPI voters were a decisive factor in President Biden and Senator ..

Biden calls on Congress to block rail strike amid stalled contract talks

President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month's deadline in the stalled contract talks, following pressure by business groups on the stalled negotiations. Let me be clear: a rail shutdown would devastate our economy, Biden said in a statement. Without freight rail, many U.S. industries would shut down. Congress has the power to impose contract terms on the workers, but it's not clear what lawmakers might include if they do. They could also force the negotiations to continue into the new year. Both the unions and railroads have been lobbying Congress while contract talks continue. Four rail unions that represent more than half of the 115,000 workers in the industry have rejected the deals that Biden helped broker before the original strike deadline in September and are back at the table trying to work out new agreements. Eight other unions have approved their five-year deals with the railroads and are in the process of getting

US Supreme Court allows handover of Trump tax returns to Congress

The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump's tax returns to a congressional committee after a three-year legal fight. The court, without comment, rejected Trump's plea for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some of his businesses to the Democratic-controlled House Ways and Means Committee. It was Trump's second loss at the Supreme Court in as many months, and third this year. In October, the court refused to step into the legal fight surrounding the FBI search of Trump's Florida estate that turned up classified documents. In January, the court refused to stop the National Archives from turning over documents to the House committee investigating the January 6 insurrection at the Capitol. Justice Clarence Thomas was the only vote in Trump's favour. In the dispute over his tax returns, the Treasury Department had refused to provide the records during

Speaker Nancy Pelosi won't seek leadership role, plans to stay in Congress

House Speaker Nancy Pelosi said on Thursday that she will not seek a leadership position in the new Congress, a pivotal realignment making way for a new generation of leaders after Democrats lost control of the House to Republicans in the midterm elections. Pelosi announced in a spirited speech on the House floor that she will step aside after leading Democrats for nearly 20 years and in the aftermath of the brutal attack on her husband, Paul, last month in their San Francisco home. The California Democrat, who rose to become the nation's first woman to wield the speaker's gavel, said she would remain in Congress as the representative from San Francisco, a position she has held for 35 years, when the new Congress convenes in January. Now we must move boldly into the future, Pelosi said. I will not seek reelection to Democratic leadership in the next Congress, Pelosi said. "For me, the hour has come for a new generation to lead the Democratic caucus that I so deeply respect. She ..

Progressive Democrats retract letter on Ukraine to Biden after uproar

A group of progressive Democrats in Congress has said it had retracted a letter to the White House urging President Joe Biden to engage in direct diplomatic talks with Russia after it triggered an uproar among Democrats and raised questions about the strength of the party's support for Ukraine. In a statement on Tuesday, Rep. Pramila Jayapal, the chair of the Progressive Caucus, said the caucus was withdrawing the letter it sent less than 24 hours prior. It was signed by 30 members of the party's liberal flank. The letter was drafted several months ago, but unfortunately was released by staff without vetting," the Washington Democrat wrote in a statement. As chair of the caucus, Jayapal said she took responsibility for this. The unusual retraction capped a tense 24-hour period for Democrats. Many reacted angrily to the appearance of flagging support for the president's Ukraine strategy, coming just weeks before a midterm election where their majorities in Congress are at risk. The

Election of another Indian American candidate to US Congress almost certain

US midterm elections next month will almost certainly add a member to the "samosa caucus", as the Indian Americans in Congress call themselves, with the likely election of Shri Thanedar