Latest news with #Democratic Party
CNN
a day ago
- Business
- CNN
‘We learned some lessons': How Chuck Schumer and Democrats are gearing up for the next funding fight with Trump
Democrats will soon face a significant test of their willingness to take on President Donald Trump with a fall funding deadline fast-approaching. And this time, Senate Minority Leader Chuck Schumer doesn't want to become his party's bogeyman. Months after a contentious fight that put him at the center of anti-Trump Democratic outrage, Schumer is already taking steps to avoid, once again, being put in an impossible position between Democratic voters gunning for an ugly shutdown fight with Trump and his party's long-time stance that Democrats should fund the government. This time, they don't want to find themselves with little leverage to get out of a government shutdown with a Republican president. Members say Schumer's strategy is to start laying the groundwork early for what will be a contentious and unpredictable post-August recess with the hope of avoiding the 'Democrats in disarray' narrative that plagued the party in the spring. 'We learned some lessons on what to do and not to do,' one Democratic senator said of the difference between now and the March funding fight. 'Schumer's working on trying to find a path that unifies us.' On Tuesday, Democrats held a lengthy caucus-wide meeting on the path ahead and the Senate minority leader met with his House counterpart, Hakeem Jeffries, later in the day. Members and aides caution there is no formal plan yet for how to tackle Democrats' next showdown with Trump, but it's clear Schumer wants to shield his party from the intense backlash it faced from their voters in March – and avoid his own black eye in the process. Finding consensus, however, won't be easy nor is it a guarantee in a diverse caucus where just nine members joined Schumer in voting with Republicans in March to keep the government open. Since then, Democrats' reasons for challenging Trump have only grown. Republicans passed a massive tax and spending cuts bill that included historic slashes to Medicaid and food programs with just GOP votes. Republicans also voted last week to claw back $9 billion in federal funds for foreign aid and public broadcasting that had already been appropriated by Congress. 'Here's where I am. Unless the Republicans agree to a no rescissions clause, a vote on an appropriations bill is a fake,' Sen. Angus King, an independent who caucuses with Democrats, told CNN. King was among those in the caucus who voted with Schumer and the GOP to keep the government open, but now King says he has not decided yet if he'd be willing to do that again in the fall. 'Why vote for an appropriation bill if two weeks from now they can submit a rescissions package and undo everything that is in the bill?' King asked. 'Fool me once, shame on you. Fool me twice, shame on me. I am not going to be fooled twice.' The challenge for Democrats is that they are finding themselves between two realities. On the one hand, Office of Management and Budget Director Russ Vought and conservatives on Capitol Hill are signaling a willingness for steeper budget cuts that reflect the massive slashes from Trump's Department of Government Efficiency. On the other, Senate Democrats are also working cooperatively with Republicans on the appropriations panel to pass several of the bills to fund military and veterans, agriculture and the legislative branch with broad bipartisan support. And they realize that if the government does shut down –- they may not have the leverage to reopen it. 'There is a real tension between Russ Vought and OMB and the rescissions vote, which are going right at a stable, steady appropriations process and what has been happening on committee so far,' Delaware Sen. Chris Coons, the top Democrat on the Defense appropriations subcommittee, said. Tuesday night, most Senate Democrats joined Republicans on a procedural vote to advance the military and veterans spending bill on the floor, and Schumer signaled that Democrats don't want to stand in the way of advancing bipartisan spending bills that his members have worked hard on. But, there is still a number of factors outside of Schumer's control. For one, House Republicans will manage their appropriations process. Already, conservatives are laying the groundwork for a full revolt if Speaker Mike Johnson tries to move ahead with a stopgap government funding measure known as a continuing resolution rather than passing all 12 individual spending bills. And even if the House could pass the dozen bills with their tight majority, they would many are likely to be nonstarters in the Senate where Republicans need 60 votes to advance their bills. House Minority Leader Hakeem Jeffries signaled this week that Democrats were in no mood to help Republicans pass those bills. 'It's my expectation that if Republicans tried to jam a highly partisan spending bill down the throats of the American people here in the House we'll reject it,' the New York Democrat said when asked by CNN if he would take the same tactic as last year in rejecting GOP spending bills. 'At the end of the day, Republicans control the trifecta,' Sen. Mark Warner, a Democrat, said of the unpredictability of the next few months for the party. In March, Schumer defended his decision to vote with Republicans to keep the government open. He argued that not doing so would give Trump more power, not less. And he downplayed the divisions within his ranks even as some members openly clashed with him over his decision. But in recent weeks, Schumer has signaled he's open to preparing a number of options depending on how the spending talks unfold, and Democratic members say he has been deeply engaged for weeks on how to manage the September fight. The minority leader held an impromptu press conference last week assailing comments from Vought that the appropriations process should be more partisan going forward. On the floor, Schumer warned Republicans that any passage of a spending cuts package with just GOP votes would poison the well for the September funding talks. Sen. Tim Kaine, a Democrat who voted against the stopgap funding bill in March, told CNN that Schumer clearly has taken lessons from the spring and carried them forward to this moment. 'I definitely know in the aftermath of that, he called all 47 of us. We were on recess the following week, he called all 47. What do you think? What should we do differently next time? I mean he's been very diligent in trying to seek advice and then also engage in significant discussions in the caucus about CRs and spending battles,' Kaine said. There are signs that some Senate Democrats – even those who were willing to vote for a stopgap measure to keep the government open last time – aren't as willing to repeat the move. A number of Democrats are also clamoring for Republicans to put in writing that any spending deal they agree to won't be reversed later with a GOP-only package to pull back funding for programs they don't like. 'I don't understand what it means to negotiate an appropriations deal with Republicans unless they have put in writing that there will be no rescissions and no impoundment,' Sen. Elizabeth Warren, a Massachusetts Democrat, said. But Democrats like Sen. Jeanne Shaheen, who voted with Schumer to keep the government open in the Spring, warned the most important thing is that Republicans and Democrats in the Senate agree that they, not the executive branch, should be making the spending calls. 'This really shouldn't be a partisan issue. It's a which branch of government are you in and what kind of oversight to you want to have over the executive?' she said. As for what Democrats learned from the spring fight, Shaheen offered one piece of guidance that she thinks Schumer is exercising now. 'I think in terms of lessons learned, I think the big lesson was we should have talked about it sooner and made it clear sooner what we thought was important to do.' In the House, some Democrats are also warning that early talk of a funding plan may help manage expectations from Democratic voters. 'A lot of people are looking for that silver bullet or that hidden stake that is going to take out Trump. Standing up on the appropriations bill is not going to be that,' Rep. Adam Smith, a Democrat from Washington, said. As for the GOP, many Republicans argue it's up to Democrats to decide how contentious the next eight weeks will be. 'Democrats need to decide do you want a deal? Do you want a shut down? Do you want a CR? What do you want to do? It's really not our choice,' House Appropriations Chairman Tom Cole said. 'I think a shutdown is a losing game for them. They should have learned that last time, but they beat up poor Chuck Schumer when he did the right thing, kept the government open and accepted the CR.'
Bloomberg
2 days ago
- Business
- Bloomberg
Korea Presidential Aide Pushes for Gradual Corporate Stock Plan
The South Korean president's push to cancel listed companies' treasury stock purchases will strengthen corporate governance but should be phased in to prevent market disruption, a senior aide said. The proposal is part of a broader set of initiatives by President Lee Jae Myung — backed by lawmakers in his Democratic Party, which holds a legislative majority — to bolster the local stock market they view as undervalued compared to regional peers.
Yahoo
2 days ago
- Politics
- Yahoo
Mayor denies wrongdoing in a corruption probe into Milan's building boom
Italy Milan Corruption Probe MILAN (AP) — Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city's massive urban development over the last two decades, saying, 'My hands are clean.' The city's top urban development official, however, resigned while denying wrongdoing. Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city's skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games. The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy's financial and fashion capital 'a commodity to be plundered.'' The probe alleges that developers bribed officials to speed building permits and win approval for projects. Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city's top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. 'My conscience is clear,'' he said. Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, 'All I have done is in the interest of the city.'' Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan's San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one. The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy's regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation. Milan's extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification. 'Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,'' Sala said. Solve the daily Crossword
Yahoo
2 days ago
- Politics
- Yahoo
Mayor denies wrongdoing in a corruption probe into Milan's building boom
MILAN (AP) — Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city's massive urban development over the last two decades, saying, 'My hands are clean.' The city's top urban development official, however, resigned while denying wrongdoing. Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city's skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games. The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy's financial and fashion capital 'a commodity to be plundered.'' The probe alleges that developers bribed officials to speed building permits and win approval for projects. Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city's top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. 'My conscience is clear,'' he said. Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, 'All I have done is in the interest of the city.'' Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan's San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one. The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy's regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation. Milan's extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification. 'Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,'' Sala said. Colleen Barry, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
3 days ago
- Politics
- The Independent
Milan's mayor denies wrongdoing in a corruption probe into the city's construction boom
Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city's massive urban development over the last two decades, saying, 'My hands are clean.' The city's top urban development official, however, resigned while denying wrongdoing. Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city's skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games. The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy's financial and fashion capital 'a commodity to be plundered.'' The probe alleges that developers bribed officials to speed building permits and win approval for projects. Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city's top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. 'My conscience is clear,'' he said. Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, 'All I have done is in the interest of the city.'' Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan's San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one. The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy 's regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation. Milan's extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification. 'Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,'' Sala said.
