Walking off the floor, Sen. Angus King (I-Maine) tells Republicans: "Shame on you guys." Says the bill is the most "disgusting" he's seen.
Brendan Pedersen
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Brendan Pedersen
@BrendanPedersen
senior reporter and co-author @PunchbowlNews's VAULT writing about Congress, money, economy. signal: bpedersen.41 he/him not a doctor
- CIVIL WAR NEWS: General Grant has been promoted stripes.com/branches/army/…
- BREAKING: FDIC APPOINTED RECEIVER OF SILICON VALLEY BANK. We knew there were problems at SVB, but this is *exceptional* for a few reasons: FDIC rarely, rarely fails banks during business hours. We usually see this at COB on Fridays, so this must have been extremely dire.
- BIDEN on the debt limit: "I have been considering the 14th amendment."
- Sen. Ruben Gallego (D-Ariz) was stopped Capitol Hill police on his way into the Senate just now, asked for some ID, to which I believe Gallego responded "are you kidding me"
- MURKOWSKI tells reporters she wants the House to send OBBB back to the Senate to continue the work. She voted for it. "My hope is that the House is gonna look at this and recognize that we're not there yet," Murkowski said
- Sources in the room say the meeting got heated Sen. Gallego (D-Ariz), per two sources familiar, told the crypto CEOs: “I’m really fucking pissed about what happened last week. Don’t be an arm of the Republican Party. They used you all and your megaphones to fuck us.”Small nugget: Senate Minority Leader Chuck Schumer is among the Democrats meeting with crypto leaders on Capitol Hill this morning. Roundtable was convened by Sen. Gillibrand (D-NY) to try reviving stalled crypto talks with Republicans
- from front to end this may be one of the most incredible sentences ever written
Rep. Lauren Boebert issues statement after more video from the Beetlejuice performance emerges, including that she did vape despite statements to the contrary. “it was not my or my campaign's intention to mislead, but we do understand the nature of how this looks” #copolitics - DURBIN says Chief Justice Roberts has declined to testify to the Senate Judiciary Committee next week
- CBO estimates Rep. Adrian Smith's (R-Neb.) bill to rescind $80 billion in IRS funding from the Inflation Reduction Act would add ~$114 billion to the federal defecit over a 10 year period
- Replying to @BrendanPedersenAsked why she voted for the bill if it needs work, Murkowski said voting against would have killed OBBB "Kill it and it's gone," Murkowski said. "There is a tax impact coming forward. That's gonna hurt the people in my state."
- Replying to @BrendanPedersen"Let's be honest: this is a good economy," Fed Chair Jay Powell says.
- JOINT STATEMENT FROM POWELL, YELLEN AND GRUENBERG: *SVB has been resolved and "fully protects all depositors. Depositors will have access to all of their money" tomorrow *New York's Signature Bank has been closed full statement here: federalreserve.gov/newsevents/pre…
- NEWS: CFPB staff just received an email that the HQ in Washington will be closed the week of 2/10, per note from COO Adam Martinez USAID playbook happening again
