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The Latest Breaking News from Debbie Stabenow

Sen. Boozman wants the SEC and CFTC to sign off on crypto legislation

A leading lawmaker discusses how he plans to advance oversight of crypto.

Fortune

Medicare pay cuts will hurt seniors’ care, doctors argue

Doctors are urging Congress to call off cuts scheduled to take effect on Jan. 1 in the reimbursements they receive from Medicare.

Tribune News Service

Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

Roll Call

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Senate Democrats set leadership team for 118th Congress

WASHINGTON — Senate Democrats voted in their full slate of leaders for the 118th Congress on Thursday, two days after securing a 51-seat majority.

Tribune News Service

Senate Democrats set leadership team for 118th Congress - Roll Call

The slate led by Majority Leader Charles E. Schumer was elected unanimously after the caucus secured its 51st seat in the next Congress.

Roll Call

Senate Banking Democrats plan bigger role in crypto legislation - Roll Call

Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.

Roll Call

DNC panel moves Michigan into early-state presidential primary window

WASHINGTON — The rulemaking arm of the Democratic National Committee on Friday voted to make Michigan one of the first five states to cast votes for the 2024 presidential nominating contest — a move that would give the state greater sway in choosing the party's nominee.

Tribune News Service

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Biden wants Michigan to be an early presidential primary state in 2024

WASHINGTON — President Joe Biden is recommending the Democratic National Committee place Michigan among the earliest states to cast votes for the 2024 presidential nominating contest, according to U.S. Rep. Debbie Dingell.

Tribune News Service

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

Commodity Futures Trading Commission Chairman Rostin Behnam urged senators to strengthen conflict of interest and financial disclosure provisions for cryptocurrency entities in a key piece of legislation in light of the collapse of the FTX exchange.

Tribune News Service

‘We can’t regulate this out of existence’: Senate Agriculture Committee grills CFTC chair on FTX collapse

Rostin Behnam said he met with Sam Bankman-Fried 10 times over an FTX proposal.

Fortune

Senate Democrats largely keep gavel rules intact; House caucus may vote next week - Roll Call

Democrats in the Senate rejected new limits on committee chairs while a House Democratic term limit proposal may be considered next week.

Roll Call

CFTC chief urges strengthening conflict-of-interest part of Senate crypto bill

Rostin Behnam urged senators to strengthen conflict-of-interest and disclosure language in a bill to regulate cryptocurrency.

Roll Call

Amid talk of generational change, Democrats eye committee leaders - Roll Call

House and Senate Democrats are weighing rule changes that would set limits for serving as committee leaders.

Roll Call

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Tribune News Service

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Roll Call

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Tribune News Service

Biden touts 35-state EV charger network at Detroit auto show

President Joe Biden test drove an all-electric Cadillac SUV and slid into the front seat of a new Corvette as part of a mid-day tour Wednesday of Detroit's resurrected auto show ahead of an afternoon speech on the auto industry's transition to electric vehicles.

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Tribune News Service

'I like the Corvette': Biden tours Detroit auto show ahead of speech on EV transition

The Independent UK

Gloves off, Biden embraces tough tone on 'MAGA Republicans'

In recent days, President Joe Biden has sharpened his attacks against Donald Trump and the so-called MAGA Republicans for posing a threat to democracy

The Independent UK

House panel calls for cryptocurrency fraud oversight

A House oversight subcommittee wants regulators and industry leaders to explain what they are doing to stop cryptocurrency fraud and other scams perpetrated on consumers

Los Angeles Times

A young crypto billionaire's political agenda goes well beyond pandemic preparedness

In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation. In a podcast interview, Bankman-Fried said he would spend as much as $1 billion of his estimated $12.8-billion fortune on American politics by the 2024 election, joining the ranks of megadonors such as George Soros and…

The Independent UK

Most electric vehicles won't qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress

Tribune News Service

Democrats race to prep sweeping budget bill for weekend votes

WASHINGTON — The Senate is expected to begin consideration of Democrats’ climate, tax and health care package on Saturday, leaving about two days for the party to shore up support for the bill.

Tribune News Service

Tax bill’s electric vehicle credit limits discouraging to some

WASHINGTON — Democrats are discussing concerns that requirements attached to their expansion of electric vehicle incentives could be too harsh and block a significant portion of cars from qualifying.

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