Jan. 6 committee to hold second hearing

Jan. 6 committee to hold second hearing

This post was originally published on this siteThe House select committee investigating the deadly Jan. 6 insurrection at the US Capitol is holding its second hearing on Monday. Watch and follow live news updates here.

Read more
How Biden Wants to Trim a Mountain of Student Debt

How Biden Wants to Trim a Mountain of Student Debt

This post was originally published on this sitePresident Joe Biden has been considering forgiving some government student loan debt. Such a move that could help alleviate the weight on borrowers of $1.6 trillion in federal education debt, a figure that has more than tripled in the last 15 years. As...

Read more
S&P 500 heads toward bear market amid global stock sell-off

S&P 500 heads toward bear market amid global stock sell-off

This post was originally published on this siteInvestors are rattled by higher-than-expected inflation data ahead of the Federal Reserve board’s two-day meeting.

Read more
Zelensky: 287 children killed in Russian invasions

Zelensky: 287 children killed in Russian invasions

This post was originally published on this siteUkrainian President Voldymyr Zelensky on Monday said 287 children have been killed since Russia invaded his country in late February. Speaking in a video address at the American Jewish Committee Global Forum in New York City, Zelensky, who is Jewish, said he learned...

Read more
Higher Unemployment Rate Looms as the Fed Fights Inflation

Higher Unemployment Rate Looms as the Fed Fights Inflation

This post was originally published on this siteCentral-bank officials are beginning to signal that higher unemployment rates might be a necessary consequence of their efforts to damp inflation by raising interest rates.

Read more
The Oil Price Shock Will Reverberate Into Next Year

The Oil Price Shock Will Reverberate Into Next Year

This post was originally published on this siteThere’s no end in sight for the price spike as supply struggles to keep up with demand

Read more
Modest bipartisan Senate gun package appears to have enough GOP support to pass

Modest bipartisan Senate gun package appears to have enough GOP support to pass

A group of 10 Republican and 10 Democratic senators endorsed a package of gun-related legislation on Sunday, suggesting that once the framework agreement is codified in legislative text, it would have enough Republican support to overcome a likely GOP filibuster. The package of modest changes stems from bipartisan talks that began the day after a gunman murdered 19 children and two adults in at a school in Uvalde, Texas. Tens of thousands of people rallied in favor of stricter gun laws on Saturday.
The agreement outlined Sunday would extend federal background checks on gun purchase for people under 21, giving authorities access to juvenile criminal and mental health records currently off-limits; extend a prohibition on gun purchases to romantic partners convicted of domestic violence or subject to a restraining order, closing the “boyfriend loophole”; give states funds for mental health services, school security, and to enact “red flag” laws to temporarily take guns from people deemed dangerous; among other changes.
“Our plan saves lives while also protecting the constitutional rights of law-abiding Americans,” the 20 senators said in a statement. “We look forward to earning broad, bipartisan support and passing our commonsense proposal into law.”
The negotiators, led by Sens. Chris Murphy (D-Conn.) and John Cornyn (R-Texas), set an informal goal of passing the bill before the Senate goes on break June 24, but that’s an ambitious timeline for a package that already faces a perilous path. An unidentified GOP aide emphasized to several news organizations that this was an “agreement on principles, not legislative text,” and “one or more of these principles could be dropped” if Republicans object to the final details. 
President Biden, Democratic leaders in the House and Senate, and gun rights groups said the proposed deal did not match their aspirations but applauded it as a step in the right direction. Sen. Mitch McConnell (R-Ky.) endorsed the bipartisan process but not the framework.
Finalizing the legislative text and passing it through the Senate will require “herculean work,” but the framework represents a “pretty good, firm agreement” that would not easily unravel, Murphy told The Washington Post. “This is also the moment where we break the logjam. This is the moment where this 30-year impasse is broken.” The last meaningful gun legislation was the 1993 Brady Bill, which enacted background checks, and 1994 assault weapon ban, which lasted 10 years and wasn’t renewed.

Read more