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The Latest Breaking News from Tim Scott

The crypto industry’s Clarity Act hits a critical juncture: Where things stand going into Senate markup

A key banking committee reached a deal on stablecoin yield, but ethics conflicts remain

Fortune

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

‘We’re in the red zone,” Senate Banking Committee chairman Tim Scott said

Fortune

Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call

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Fed chair nominee Warsh to field questions about Fed independence

Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…

Roll Call

Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair

Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh

The Guardian - US

From Obama-apes to Trump-as-Jesus: Is there a rock bottom to the president’s unhinged social media habit?

ANALYSIS: The president has been shamed into deleting two offensive Truth Social posts in as many months this year — it’s a sign that his political shock jock act is growing stale, writes Andrew Feinberg

The Independent UK

Is Donald Trump A Racist? POTUS Shares Celebrity Compilation to Combat Bias Claims

President Trump posted Truth Social videos with Black stars like Snoop Dogg to counter racism charges after sharing an offensive Obama clip. Critics dismissed it as patronising amid White House damage control and party backlash.

International Business Times UK

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At the Races: Crypto’s next stand

Welcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. The cryptocurrency industry began flexing its political muscle in 2022, and crypto spending has only increased since. In advance of…

Roll Call

Ukraine supporters oppose easing of Russia sanctions

Numerous lawmakers, including some Republicans, are outraged about the Trump administration’s easing of sanctions on Russian oil exports, amid reports that Moscow is helping Iran target U.S. troops in the Middle East. Treasury Secretary Scott Bessent, looking to ease a supply crisis caused by the Iran war that has driven…

Roll Call

Governor Newsom's '960 SAT' Remark Sparks Widespread Backlash During Book Tour

California Governor Gavin Newsom's book tour sparks controversy with accusations of racism and criticism from Democrats, impacting his potential 2028 presidential run.

International Business Times UK

Congress' Housing Bill Goes From Small Supply Booster to Housing Killer

The Senate's proposed inclusion of an effective ban on build-to-rent housing in a bipartisan housing bill could significantly shrink new home production.

Reason

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Republican Sens. Ted Cruz and Tim Scott formally urged Treasury Secretary Scott Bessent to enact roughly $200 billion in tax cuts without the approval of Congress.

International Business Times

Texas two-step: Republicans and Democrats both have a lot riding on the first big primaries of the midterms. Here’s why

ANALYSIS: The road to the Senate majority runs through the Rio Grande — with a detour through late-night TV. Eric Garcia breaks down the good, the bad and the ugly in the Lone Star State

The Independent UK

Donald Trump labels Michelle Obama ‘anti-White racist’ – because being shamelessly and relentlessly disrespectful is how the president rolls

Trump just can't stop himself.

We Got This Covered

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The Independent UK

Trump rattles off list of his Black ‘friends’ at history month event a week after racist post on Obamas

Trump also used event to laud his own achievements, take on 'fake news' and bash Joe Biden

The Guardian - US

Trump’s Obama and Bad Bunny posts crystallize his political philosophy

Maga is a recapitulation of the dark side of American history that cohered into nativist nationalism a century ago

The Independent UK

Obama responds to Trump’s video of him and Michelle as apes and says MAGA lacks a sense of ‘shame’

A White House official claimed a staffer ‘erroneously made the post’ on Trump’s Truth Social account

We Got This Covered

White House will yell ‘fake news’ but apparently, Donald Trump is battling betrayal and plotting vengeance against Republicans

Is the Republican Party’s goal is still to serve the public — or simply to make Trump look good at all times?

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The Independent UK

Trump privately lashed out at Republicans who condemned racist video depicting the Obamas as apes, report claims

‘Praying it was fake because it’s the most racist thing I’ve seen out of this White House,’ Republican Senator Tim Scott said in reaction to the video

The Independent UK

Trump admits staffer blamed for racist Obama video hasn’t been fired or disciplined

Donald Trump has tried to distance himself further from the offensive clip posted on his Truth Social account

The Guardian - US

Trump’s racist post about the Obamas was a wake-up call for some. Why did it take so long?

The racism was not new. What was new was the inability to look past it. For a moment, at least, the blinders were off

The Independent UK

Tim Scott endorses Trump antagonist Susan Collins days after he slammed president’s ‘racist’ TruthSocial post

South Carolina Senator posts support for Susan Collins re-election campaign – generating further uproar among Trump loyalists

Roll Call

Trump shrugs off racist meme posting amid rare wave of GOP criticism

Continuing a recent trend, some Republicans have criticized President Donald Trump over a racist meme shared by his social media account.

The Independent UK

Nation’s only Black governor says race could have been the reason he was excluded from Trump event

Moore and Trump have sparred in past over National Guard deployments and funding to repair the Francis Scott Key Bridge

The Independent UK

MAGA NY Republican says Trump still needs to apologize for racist re-post portraying Obamas as apes

Rep. Mike Lawler suggests he has no problem with Trump's threat to keep Gateway Tunnel funding frozen and says Democrats should give in to the demand to rename Penn Station

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