Comey tells CNN how interview with Secret Service went amid social media controversy
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CBS News
a minute ago
- CBS News
McCormick, Fetterman and HUD Secretary Turner tour Edgar Thompson works plant
U.S. Sens. Dave McCormick and John Fetterman joined Department of Housing and Urban Development Secretary Scott Turner on a tour of the Edgar Thompson works plant in Braddock on Friday. Fetterman, a Democrat, and McCormick, a Republican, emerged from a tour of the 150-year-old plant touting its recent sale to Japan-based Nippon Steel. "This Nippon-U.S. Steel partnership is great for our country, it's great for Pennsylvania," McCorcmick said. "This way of life now has been effectively guaranteed now for decades to come," Fetterman said. The long-awaited partnership between U.S. Steel and Nippon Steel was finalized on June 18, with Nippon Steel promising to invest $14 billion into U.S. operations, with $2.4 billion set aside for operations in the Mon Valley. The partnership is expected to create more than 100,000 jobs throughout the U.S., including in the Mon Valley. "You know when you create jobs, there's a housing need," Turner said. Braddock is replete with rundown and blighted buildings and homes. Turner said the sale will go a long way in solving that issue. Turner and McCormick specifically say one thing stands in the way. "When you have burdensome regulations, it cripples development, it cripples building," Turner said. "It's all about supply, it's all about reducing regulations," McCormick said. "And that's going to be a big boost in supply. When there's a big boost in supply, people are going to be able to afford it." Nippon says it will not cut production and honor present union contracts for the next 10 years. In May, however, United Steel Workers International President David McCall released a statement on Nippon's promises, saying: "Issuing press releases and making political speeches is easy. Binding commitments are hard. The devil is always in the details. "Our members know from decades of negotiating contracts: Trust nothing until you see it in writing."
CNN
28 minutes ago
- CNN
Haiti sends troops to Mexico for training as gang violence rages on
Haiti has sent 150 soldiers to train in Mexico as the Caribbean country grapples with rampant gang violence. The troops departed Port-au-Prince on Thursday and will spend the next three months on a training course in Mexico. A total of 700 Haitian soldiers will ultimately take part in the program. Haitian Prime Minister Alix Didier Fils-Aimé said the initiative is part of a broader roadmap focused on restoring security, revitalizing public institutions and setting up elections. 'It illustrates the government's firm determination to restore republican order, reinstate state authority throughout the country, and ensure the protection of every citizen,' a statement from the government read. Mexico's security forces have had extensive experience battling criminal groups, particularly international drug cartels, though those efforts have failed to significantly reduce violence and homicide rates remain at near record levels. CNN has reached out to Mexico's government for more information on how it would train Haitian troops. In Haiti, gang attacks have left thousands dead and wounded in recent years. Over 80% of the capital city Port-au-Prince has been estimated to be under gang control, and nearly 1.3 million people nationwide are internally displaced because of the violence, the UN says. Haiti has repeatedly sought international help to restore security, to little effect. Last year, it welcomed hundreds of Kenyan police officers from a multinational security support mission (MSS) funded largely by the United States. At least two of the Kenyan officers have been killed and the violence has not abated. Since the MSS arrived, gangs have spread increasingly into rural areas, seizing swathes of territory in the agriculturally critical Artibonite region. Last week, armed attacks in the area uprooted an additional 15,000 people, the UN says.
Yahoo
29 minutes ago
- Yahoo
US appeals court strikes down SEC rule on 'audit trail' funding
WASHINGTON (Reuters) -A federal appeals court on Friday struck down 2023 regulations adopted by the U.S. Securities and Exchange Commission on funding a comprehensive market surveillance system, finding that Wall Street's top regulator had not provided a sufficient basis for allowing stock exchanges to pass on its costs to their members, court papers showed. The unanimous decision represented another blow to SEC regulations adopted under the previous Biden administration, which faced concerted opposition from industry and Republican lawmakers. It was also a setback for the Consolidated Audit Trail, a repository of investor and transaction data meant to give regulators overarching visibility into U.S. market operations, but which has faced delays and obstacles for more than a decade. The American Securities Association and Citadel Securities, which brought the lawsuit, both hailed the outcome. The ruling "prevents a tax hike on every American investor who buys or sells a share of stock," ASA President Chris Iacovella said in a statement. The SEC did not immediately respond to requests for comment. Over the objections of its Republican members, the SEC in 2023 split the operating costs among buyers, sellers, and exchanges. Officials said at the time this would divide costs evenly but also allow exchanges several years to recoup hundreds of millions already spent. This drew stiff objections from the investment industry, which said it could be left paying an unfairly large share. The two Republicans are now part of the five-member commission's controlling majority. In an opinion for a three-judge panel of the U.S. Court of Appeals for 11th Circuit, Circuit Judge Andrew Brasher said that, because the SEC had not advanced a sufficient justification in deciding how the system's cost would fall on different actors in the marketplace, "we conclude that the 2023 Funding Order is arbitrary and capricious" and therefore in violation of federal laws governing the crafting of regulations. The appeals court sent the rule back to the SEC for further processing in line with the court's decision. The SEC mandated the CAT's creation in 2012 as a response to the "flash crash" of 2010 when major Wall Street indexes temporarily erased nearly $1 trillion in market value in a matter of minutes. Officials say it can allow regulators to spot market manipulation and have cited its data in enforcement actions.
