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Rebecca Picciotto in political news

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Rebecca Picciotto - U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses - cnbc.com - state Texas

U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses

The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over the commission's vote to ban noncompete clauses, which are used to block employees from leaving to work for competitors in the same industry. On Tuesday, the FTC voted to enact the ban on the basis that noncompete clauses stifle the efficiency of the labor market, hinder competition and can lead to higher prices for consumers. Noncompete agreements often prevent workers from pursuing other jobs in their industry, and the better pay those jobs would offer. The ban is set to take effect 120 days after the rule is officially published in the Federal Regis

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Joe Biden - Donald Trump - Rebecca Picciotto - Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation - cnbc.com - China

Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. "While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump's," the economists wrote. Axios was first to report the letter. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," wrote the group of politically progressive academics. Trump has so far proposed making his first-term tax cuts permanent, imposing universal tariffs on all imports, with a China-specific tariff rate between 60% a

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Joe Biden - Donald Trump - Janet Yellen - Rebecca Picciotto - Yellen announces $100 million affordable housing fund as shelter costs weigh on Biden - cnbc.com - state Minnesota - city Minneapolis

Yellen announces $100 million affordable housing fund as shelter costs weigh on Biden

Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement came days before President Joe Biden faces off against former President Donald Trump in the first presidential debate, where inflation is likely to be a key point of contention. The past several inflation reports have shown prices slightly cooling off, but shelter costs have remained persistently hot. The latest consumer price index report found overall inflation stayed flat in May while shelter inflation rose 0.4%. "I expect that shelter inflation will moderate,"

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Joe Biden - Donald Trump - Rebecca Picciotto - Trump previews debate attacks against Biden's economy days before candidates face off - cnbc.com

Trump previews debate attacks against Biden's economy days before candidates face off

Former President Donald Trump on Saturday gave a brief glimpse of the ammunition he is loading up against President Joe Biden's handling of the economy ahead of the first presidential debate next week. Throughout his roughly 80-minute keynote speech at a conference for the evangelical advocacy group Faith and Freedom Coalition, Trump launched a spate of attacks against Biden including about economic issues like inflation, climate infrastructure spending and the growing federal deficit. On inflation specifically, Trump foreshadowed a tactic he said he might use at the upcoming debate against Biden on June 27. "I

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Joe Biden - Rebecca Picciotto - Southern - How immigrants are helping keep job growth hot while inflation cools - cnbc.com

How immigrants are helping keep job growth hot while inflation cools

Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect has been a favorable, though uncertain, situation for President Joe Biden ahead of the November election. A blockbuster May jobs report showed that the U.S. economy added 272,000 jobs last month, well above the Dow Jones' forecast of 190,000. Meanwhile, the Bureau of Labor Statistics reported last week that consumer prices in May remained unchanged, and even fell slightly on an annual basis. This dynamic — a heating job market and cooling inflation — is in part the result of increased inflows of immigrants. "Recent immigrants have flowed disproportionately into the parts of the labor force that were particularly tight in 2

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Joe Biden - Donald Trump - Rebecca Picciotto - Biden cheers cooling inflation ahead of key Fed interest rate decision - cnbc.com

Biden cheers cooling inflation ahead of key Fed interest rate decision

President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month over month inflation has remained flat. "Prices are still too high, but today's report shows welcome progress on lowering inflation," Biden said in a statement. The other good news for consumers from the federal Bureau of Labor Statistics report was that the annual rate of inflation fell to 3.3% in May, down from 3.4% in April and 3.5% in March. The numbers also came in cooler than economists had expecte

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Donald Trump - Rebecca Picciotto - Trump says he will eliminate taxes on workers' tips in a play for Nevada voters - cnbc.com - city New York - New York - state Nevada - city Las Vegas

Trump says he will eliminate taxes on workers' tips in a play for Nevada voters

Former President Donald Trump said he would eliminate taxes on tipped income if he wins a second White House term, an effort to appeal to voters in the battleground state of Nevada, where he held his first rally Sunday since the historic conviction in a New York hush money trial. "Hotel workers and people that get tips, you're going to be very happy because when I get to office, we are going to not charge taxes on tips," Trump said at the Las Vegas rally. "We're going to do that right away, first thing in office." More than 1 in 4 private sector workers in Nevada are employed in the tip-heavy hospitality industry, according to up-to-date state figures. The

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Joe Biden - Donald Trump - Jean Carroll - Kristi Noem - Rebecca Picciotto - South Dakota Gov. Kristi Noem says Trump choosing a woman VP would help him win - cnbc.com - New York - state South Dakota - state Wisconsin

South Dakota Gov. Kristi Noem says Trump choosing a woman VP would help him win

South Dakota Gov. Kristi Noem, once a strong contender to be former President Donald Trump's vice presidential pick, suggested on Sunday that the presumptive Republican presidential nominee should choose a woman running mate. "Having a woman that is helping him campaign makes a difference. Listen, I could be home in bed or feeding my horses or rocking my grandbabies," Noem said on CNN's "State of the Union." "But I'm in Wisconsin because I believe President Trump needs to win." Noem added that women voters tend to prioritize small business policy, along with child care and health care, an issue that Trump has lagged President Joe Biden, according to polling in recent months. In March, a Quinnipiac Unive

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Joe Biden - Donald Trump - Rebecca Picciotto - Trump claims credit for Biden’s insulin price cap - cnbc.com - Usa

Trump claims credit for Biden’s insulin price cap

Former President Donald Trump on Saturday recognized that the price of insulin is lower under President Joe Biden, but he still wants voters to credit his own administration. "Low INSULIN PRICING was gotten for millions of Americans by me, and the Trump Administration, not by Crooked Joe Biden. He had NOTHING to do with it," Trump wrote in a Truth Social post. "It was all done long before he so sadly entered office. All he does is try to take credit for things done by others, in this case, ME!" The comment comes as Trump lags Biden on the issue of health care, a top voter prio

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