News

Congress

AP News | Equities.com |

The Justice Department under former President Donald Trump seized data from the accounts of at least two members of the House Intelligence Committee in 2018 as part of an aggressive crackdown on leaks related to the Russia investigation and other national security matters, according to a committee official and two people familiar with the investigation.

Prosecutors from Trump’s Justice Department subpoenaed Apple for the data, according to the people, who were granted anonymity to discuss the secret seizures first reported by The New York Times.


Kimberly Redmond | Equities.com |

Chief executive officers from the six largest US banks will testify in back-to-back hearings next month before the Senate Banking and House Financial Services Committees, lawmakers announced Thursday.

According to the announcement, CEOs of JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs will appear for virtual hearings with the Banking Committee on May 26 and the Financial Services on May 27. 


AP News | Equities.com |

House Democrats approved legislation Thursday that they say would help close the gap between what men and women are paid in the workplace, though the measure faces little chance of overcoming Republican opposition in the Senate.

The bill, which is supported by President Joe Biden’s administration, passed 217-210 on a mostly party-line vote. It is the latest salvo in a long-running debate about equality of pay and the government’s role in ensuring it.


Kimberly Redmond | Equities.com |

The House Committee on Oversight and Reform approved legislation on Wednesday that seeks to make Washington, DC, a state, sending the measure to the House for a vote later this month.

The bill, titled HR 51, would turn the district of 66 square miles into a state called Washington, Douglass Commonwealth, named after abolitionist, author and longtime DC resident Frederick Douglass.


AP News | Equities.com |

President Joe Biden wants Congress to know he’s sincere about cutting a deal on infrastructure, but Republican lawmakers have deep-seated doubts about the scope of his proposed package, its tax hikes and Biden’s premise that this is an inflection point for the U.S. as a world power.

Biden met Monday afternoon with a bipartisan group of lawmakers and tried to assure them that the Oval Office gathering was not “window dressing.” One of the core disputes is over what counts as infrastructure in his $2.3 trillion proposal.


AP News | Equities.com |

President Joe Biden put on a modest White House ceremony Thursday to announce a half-dozen executive actions to combat what he called an “epidemic and an international embarrassment” of gun violence in America.

But he said much more is needed. And while Biden had proposed the most ambitious gun-control agenda of any modern presidential candidate, his moves underscored his limited power to act alone on guns with difficult politics impeding legislative action on Capitol Hill.


AP News | Equities.com |

An associate of Rep. Matt Gaetz’s is working toward a plea deal with federal prosecutors investigating a sex trafficking operation, potentially escalating the legal and political jeopardy facing the Florida congressman.

The revelation that a political ally of Gaetz’s, Joel Greenberg, is seeking to strike a plea deal with investigators came during a hearing Thursday at federal court in Orlando. It’s a significant step in the case and signals that Greenberg could potentially serve as a witness in the Justice Department’s investigation into Gaetz.


AP News | Equities.com |

Republican Rep. Matt Gaetz, a prominent conservative in Congress and a close ally of former President Donald Trump, said Tuesday he is being investigated by the Justice Department over a former relationship but denied any criminal wrongdoing.

Gaetz, who represents parts of western Florida, is accused of having a sexual relationship with a 17-year-old girl and paying her to travel with him, and he is under investigation to determine if he violated federal sex trafficking laws, a person familiar with the case told The Associated Press.


AP News | Equities.com |

President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said.

The president will announce parts of his “Build Back Better” package Wednesday in Pittsburgh. Sweeping in scope, the ambitious plan aims to make generational investments in infrastructure, revive domestic manufacturing, combat climate change and keep the United States competitive with China, according to the officials. It could include $3 trillion in tax increases.


Reuters | Equities.com |

In their first appearance before Congress since Trump supporters stormed the U.S. Capitol, the chief executives of Facebook, Google and Twitter were asked by U.S. lawmakers whether their platforms bore some responsibility for the riot: “Yes or no?”

Social media has been widely blamed for amplifying calls to violence and spreading misinformation that contributed to the Jan. 6 attempt to violently overturn the election results.