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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 - Nancy Pelosi - Bill Clinton - Barack Obama - Hakeem Jeffries - Jim Clyburn - Rebecca Picciotto - Chris Coons - Raphael Warnock - 'Preparation overload': Democrats defend Biden after debate flop as voter support flinches - cnbc.com - state South Carolina

'Preparation overload': Democrats defend Biden after debate flop as voter support flinches

Democrats are making the rounds on the Sunday media circuit working to reshape perceptions about President Joe Biden after he delivered a stumbling debate performance that left his voters cringing and his party in a damage-control frenzy. "Yes, it was a bad performance," South Carolina's Democratic Rep. Jim Clyburn, a close Biden ally, said on CNN's "State of the Union." "I know when I see what I call preparation overload. And that's exactly what was going on the other night." The South Carolina Democrat followed the post-debate spin formula that has emerged from Biden supporters since the Thursday showdown: Acknowledge the fumble and then pivot to criti

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Joe Biden - Donald Trump - Rebecca Picciotto - Biden campaign fundraises $27 million after first debate - cnbc.com - New York - city Atlanta - state North Carolina - Raleigh, state North Carolina

Biden campaign fundraises $27 million after first debate

The Biden campaign has raised $27 million starting from the day of the first presidential debate through Friday evening, a campaign spokesperson announced on Saturday. The number comes in the middle of President Joe Biden's post-debate fundraising swing, during which the campaign is looking to keep pace with former President Donald Trump's recent donation momentum. The Biden campaign, the Democratic National Convention, and Biden PACs and committees jointly raised $85 million in May, lagging behind Trump's $141 million haul in the same month that the former president w

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Joe Biden - Donald Trump - Bill Clinton - Barack Obama - Rebecca Picciotto - Obama, Clinton excuse Biden's debate performance to fend off Democratic meltdown: 'Bad debate nights happen' - cnbc.com

Obama, Clinton excuse Biden's debate performance to fend off Democratic meltdown: 'Bad debate nights happen'

Former Presidents Barack Obama and Bill Clinton on Friday tried to do some damage control following President Joe Biden's debate fumble against his November election opponent, former President Donald Trump. "Bad debate nights happen. Trust me, I know. But this election is still a choice between someone who has fought for ordinary folks his entire life and someone who only cares about himself," Obama said in a post on X, linking to Biden's campaign website. "Last night didn't change that, and it's why so much is at stake in November." Several hours later, Clinton mimicked

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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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