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All posts tagged "Gary Gensler"

'Grow up': House Dem says too much 'at stake' to waste time appeasing 'idiot wing' of GOP

'Grow up': House Dem says too much 'at stake' to waste time appeasing 'idiot wing' of GOP

Rep. Sean Casten (D-Illinois) unleashed on his Republican colleagues in a 16-tweet thread on Friday, urging them to "grow up" and govern before a "disastrous" government shutdown paralyzes federal agencies eight days from now.

In his thread, Rep. Casten contrasted the way Democrats wielded their House majority with Republicans' more chaotic time in charge of the House of Representatives. He explained that because Congress operates on a fiscal year schedule that ends on September 30, Democratic leaders like former House Speaker Nancy Pelosi (D-California) made sure the House passed its funding bills by the end of August each session so there was plenty of time for the US Senate to review appropriations and for the president to sign them into law.

When Rep. Kevin McCarthy (R-California) still held the speaker's gavel, Rep. Casten pointed out that he was so incompetent at keeping his caucus in line that simply following the law by keeping the government funded was seen as beyond the pale by his caucus....

U.S. to crack down on commodity traders; will it stick?

U.S. to crack down on commodity traders; will it stick?

WASHINGTON (Reuters) - The United States is poised on Tuesday to push through the toughest measures yet to curtail speculation in commodity markets, likely shifting the focus of a fierce four-year debate from the regulators to the courts.