Connect with us

NEWS

Revolt Erupts Inside GOP As Members Battle McConnell Over Response To Pandemic Ahead Of Election

Published

on

A revolt has erupted among Republicans with party leaders battling with members of the caucus over another financial package designed to help Americans through the raging coronavirus pandemic, the Washington Post reports.

According to The Post, senior Republicans like Senate Majority Leader Mitch McConnell want to hold off on any more large stimulus packages that can help keep the economy afloat, but other senators want more money for their desperate constituents.

“The economic havoc wreaked by the coronavirus pandemic is opening up a rift in the Republican Party — as the Trump administration and some GOP senators advocate for more aggressive spending while senior party leaders say now may be the time to start scaling back,” writes WaPo.

“In rapid fashion, Congress approved nearly $3 trillion in fresh federal spending to combat the public health and economic damage from the coronavirus since its dangers came into sharper focus earlier this year. Yet a new analysis from the Congressional Budget Office this week depicted a painful economic outlook with soaring jobless rates and widening federal deficits — triggering a fierce debate in Congress about what should come in the next tranche of virus-related legislation,” the report continues. “But the coming battle over spending is not solely partisan. It is also stirring a debate among Republicans about how substantial the package should be and whether concerns about debt are misplaced at a time of economic crisis, when the government continues to be able to borrow at rock-bottom prices.”

Adding, “GOP leaders now find themselves struggling with how to balance the need to prop up the struggling economy ahead of the fall’s elections with concerns that too much spending could hurt them with their base of voters,” the Post notes, “Sen. Josh Hawley (Mo.), a rising star in the national party, is promoting an ambitious plan that would require the federal government to shoulder 80 percent of U.S. employees’ wages up to the national median wage. His proposal also calls for the government to offer bonuses for employers to rehire those who have been recently laid off.”

According to Michael Steel who served as a top aide to then-House Speaker John A. Boehner (R-OH), the Republican Party, long opposed to spending and deficits, is in a bind.

“Concerns about federal deficits and debts are being swamped by the scale of the crisis right now, but when our economy rebounds, they will return as a serious issue for voters,” explained Steel. “As we saw after 2008 and 2009, paroxysms of federal spending tend to spawn ferocious blowback.”

McConnell is also at the center of the battle after proposing states simply file bankruptcy instead of depending on a federal bailout, with the Post reporting, “McConnell’s remarks prompted an angry backlash from both Republican and Democratic governors seeking a substantial infusion of federal aid who dismissed the argument that they had mismanaged their state’s finances.”

“My initial thought honestly was, I didn’t agree with that approach,” explained Sen. Shelley Moore Capito (R-WV), with the Post reporting she warned of the ‘devastating impact’ if states and local governments were forced into mass layoffs.”

Read more here.

Click to comment

Crime

Trump Is Officially Under Investigation For Fraud By The NY District Attorney: NYT

Published

on

The Manhattan district attorney’s office is “investigating President Donald Trump and his company for bank and insurance fraud,” the New York Times reported Monday.

According to The Times, “the office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump should have to comply with its subpoena seeking eight years of his personal and corporate tax returns.”

“The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. Lawyers for Mr. Trump have said he did nothing wrong.”

The newspaper also reported that Trump has asked a judge to declare the subpoena invalid.

The news comes less than a month after the Supreme Court, in a major ruling on the limits of presidential power, cleared the way for Mr. Vance’s prosecutors to seek Mr. Trump’s financial records.

The Times also noted that the investigation is a “significantly broader inquiry than the prosecutors have acknowledged in the past.”

You can read the entire report on The News York Times.

Continue Reading