Republican congressman Patrick McHenry is keeping his future plans under wraps and declined to comment on his next move, stating that he wants some time to decompress after his current role as speaker pro tem. McHenry has been praised for his leadership, and it is unclear if anyone will challenge him for his position. In the meantime, McHenry is focused on pushing through policy before the end of the year.
In other political news, Marc Andreessen, the famous venture capitalist from Silicon Valley, is becoming more active in politics and Washington, D.C. He is starting political action committees (PACs), hiring political consultants, and spreading capital across D.C. to promote his investments and ideas. Andreessen recently held an event in downtown D.C. to showcase his firm's investment thesis for backing startups in patriotic fields. He has also been messaging with right-wing figures and meeting with senators. This marks a return to politics for Andreessen, who is known for his ideological fervor. [1f6ed581]
The article discusses various topics including the GOP's attorney swap, a DEA agent sentenced to prison for leaking intelligence, civil cases testing driver responsibility for crashes, upcoming races that could determine control of Congress, the trial of nine people charged in connection with a far-right plot to topple the Supreme Court, and a rally in Madrid to support Pedro Sánchez. The article also mentions various hashtags related to Donald Trump, Joe Biden, the Supreme Court, the 2024 election, Gaza, Republicans, SCOTUS, Israel, Kristi Noem, Russia, elections, Ukraine, cartoons, Democrats, presidential immunity, abortion, 2024 election, healthcare, Arizona, and fascism. [205f17d9]
Politico is seeking an experienced reporter to cover the policies and politics that shape Washington’s oversight of banking, finance, and the economy. The role will focus on key agencies such as the Federal Deposit Insurance Corp. and the Treasury Department, as well as leading congressional committees. The reporter will deliver coverage for all platforms, including Politico Pro, newsletters, and politico.com. Applicants should have a strong understanding of finance or financial regulation, experience covering Washington policy debates, a track record of delivering high-impact scoops and enterprise, and the ability to work collaboratively in a fast-paced newsroom. [8fc7a567]
The article also discusses legislation introduced by Senators Dick Durbin and Roger Marshall that would allow big-box retailers to process credit card transactions based on cost, potentially weakening the payment system. The article mentions the personal-consumption expenditures price index, which is a Fed inflation gauge. Biden's chief economic adviser remarks that the U.S. is defying expectations with strong growth and decreasing inflation. The article also mentions the upcoming conference WSF 2023 in Miami, which will focus on the new economy and feature speakers from various companies and political figures. It briefly mentions GOP hardliners' willingness to pass a short-term government funding bill and the U.S. government's efforts to cut off Hamas financing. The article discusses the trial of a crypto mogul and a Senate Banking hearing on crypto concerns. Finally, it mentions the possibility of scaling back a climate disclosure rule and the increase in cyber-attacks against consumers. [27c1fb24]