NASCAR teams 23XI and Front Row seek urgent court order to retain charters
23XI Racing and Front Row Motorsports are locked in a lengthy legal battle over the charter system, which is the equivalent of the franchise model in other sports. 23XI, owned by retired NBA great Michael Jordan and three-time Daytona 500 winner Denny Hamlin, and Front Row, owned by entrepreneur Bob Jenkins, last September rejected NASCAR's final proposal on extensions and instead filed an antitrust suit.
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Fox News
27 minutes ago
- Fox News
Republican leading House Budget Committee looks ahead after passing Big Beautiful Bill
House Budget Committee Chairman Rep. Jodey Arrington, R-Texas, was praised for the role he played in the passage of the Big Beautiful Bill. However, the congressman says this is the beginning, not the end, of spending reforms. "We will never be able to get a balanced budget or even put our country on a path to a balanced budget and a sustainable fiscal trajectory in one reconciliation bill," Arrington told Fox News Digital. "We're too far down the broken road of bad and irresponsible fiscal behavior. We're too deep in the debt hole for one bill to do it." Arrington, whom House Speaker Mike Johnson called the "the lead budget hawk in the House," said he is "obsessed" with tackling deficit spending, which he sees as the biggest threat to America's future. He believes that addressing the nation's situation in an effective way means creating the "conditions for growing the economy." "So, the pro-growth policies, the tax cuts, the work incentives, opening up our energy assets and deregulating the energy economy, all of those pro- growth policies will reignite economic growth. And that is the foundation for our country's fiscal health and just about everything else: our military prowess, our global leadership, our way of life," Arrington said. The Big Beautiful Bill's journey to President Donald Trump's desk was not pretty, as the legislation received criticism from both sides of the aisle and caused tension among Republicans. Elon Musk, Rep. Thomas Massie, R-Ky., and others argued that it did not take adequate measures to cut government spending. Arrington said he respects Massie and Musk — as well as other critics — but believes that the risk of losing the "good things" in the bill was too high. In the end, the Texas lawmaker sees the tradeoff as "permanent pro-growth tax policy" in exchange for the extra spending in the legislation. "I think there's a big gap in information — and accurate information. Part of it is you've got the Congressional Budget Office putting out these big numbers… two and a half or three trillion dollars in additional deficit that would be added to the national debt over the 10-year budget window as a result of this bill. That is just patently false. It's completely inaccurate," Arrington said, adding that they fail to "consider economic growth and the revenue that will flow back into the treasury when you have pro-growth policies." Trump signed the bill on his self-imposed July 4 deadline, just one day after the House passed the final version of the $3.3 trillion legislation. Before signing the bill, the president said it would "fuel massive economic growth" and "lift up the hard-working citizens who make this country run." So, what's next on the budget chairman's agenda? Just one thing — or three, as he said to Fox News Digital, "spending cuts, spending cuts and spending cuts." "We didn't get into this mess overnight, we won't get out of it overnight, but we'll never get out if we don't start exercising the political will to do what we all say in our campaigns," Arrington told Fox News Digital. "I think we established a great model for restoring fiscal health, and we just have to continue to repeat it and do it in even more dramatic fashion in the future."
Wall Street Journal
27 minutes ago
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How JPMorgan Is Playing the Private Lending Boom
JPMorgan Chase CEO Jamie Dimon says Wall Street's hottest trend is a recipe for a financial crisis, but he's investing billions to get in on it anyway. His plan: swoop in strategically and profit if there's a meltdown. Read more on how the nation's largest bank is playing the private-credit boom:
Yahoo
30 minutes ago
- Yahoo
Carson Hocevar Addresses Josh Berry Spinning Him Out at Sonoma Raceway
Carson Hocevar has caused a few wrecks and spins in his second full season in the NASCAR Cup Series, angering fellow drivers and putting a target on his back. While he expected to eventually be on the receiving end, he didn't see the incident with Josh Berry coming. A day after being taken out by Berry at Sonoma Raceway, Hocevar reacted during his Twitch stream on Monday night, responding to the incident that cost him a strong finish in the Toyota/Save Mart 350. 'Why did I get dumped yesterday? I don't know, I didn't do anything. I was just like, 'Man, of all people to wreck me. Thought it would be somebody like, I had it coming. I don't know what I did. It's just like, 'Well, s***.' And through strategy, we get to fifth and then I wreck. It's just like, 'Ah, whatever.' But it's just racing, man. Just racing. It is what it is. I like full-contact sport. So, it's just like. Well f*** yeah, man. Let's get it on. That's what I've been dying for. I've been giving some and I get some, so it's like, 'C'mon, let's go.' I don't why it was that corner or what I did.' Carson Hocevar on his incident with Josh Berry (H/T Steven Taranto) Related: Carson Hocevar Reveals Odd Approach to Friendship with Drivers Carson Hocevar stats ( 373 points, 4 top 10s, 2 top 5s, 1 pole, 5 DNFs, 72 laps led, 23.0 average finishing position in 20 races Advertisement On the verge of a top-10 finish with fewer than three laps to go, Berry made contact with Hocevar and spun him around. It allowed most of the field to get by the No. 77, dropping him outside the top 30. He finished the day in 32nd place. Related: NASCAR standings, see where Carson Hocevar sits in playoff picture As a result, Hocevar finished the day with just five points instead of racking up 25 or more points, with only six races left in the regular season. The lost points mean that, rather than being less than 70 points behind Bubba Wallace, Hocevar is now 96 points back of the final playoff spot and even further behind Alex Bowman and Chris Buescher. Advertisement To his credit, Hocevar fully accepts that his aggressive driving style invites situations like this—something other drivers have said he must acknowledge if he's not going to change how he races. Ironically, his reaction to Berry spinning him is likely similar to how some of his peers felt when they were taken out by Hocevar. Related Headlines
