Capitol Report: Michael Bloomberg reportedly plans presidential run | Bernie Sanders, too

Michael Bloomberg is preparing to run for president as a Democrat, the Times of London reported.

Bloomberg, 76, a former mayor of New York who ran and served as a Republican but later left that party, has previously considered running as an independent but decided against it in 2012 for fear of splitting the Democratic vote. The Times report said he has told confidants that he is planning to join the presidential race.

As the New York Post points out, Bloomberg considered independent runs in 2008, 2012 and 2016.

Sanders allies say he’s likely contender: Bloomberg could have company if he decides to run. The Hill reports allies to Bernie Sanders say the Vermont independent senator is increasingly likely to make a second bid for the White House in 2020 — once again as a Democrat. “I expect him to run,” said Larry Cohen, the chairman of Our Revolution, a movement formed by Sanders operatives after their candidate lost the Democratic primary to Hillary Clinton in 2016.

New York Times revises its curtains story: The State Department spent $52,701 for customized and mechanized curtains for the picture windows in the new official residence of the ambassador to the United Nations, the New York Times reported Friday.

In an editors’ note posted at the top of the story, the Times admitted that an earlier version of the article and its headline “created an unfair impression about who was responsible for the purchase in question.” Nikki Haley is the current U.S. ambassador to the U.N., but the Times said the earlier version should not have focused on her. A spokesman for Haley said plans to buy the curtains were made in 2016, during the Obama administration. Haley had no say in the purchase, he said, according to the Times.

Tax bill’s price tag: The Wall Street Journal reports House Republicans advanced a measure to lock in last year’s tax cuts on individuals beyond their scheduled expiration date at the end of 2025, moving to build on their biggest legislative victory ahead of the November midterm elections. The full House plans to vote by the end of the month, but the lack of interest in the Senate means the bill’s fate is uncertain, the Journal said.

The second round of tax cuts would reduce federal revenues by $631 billion in fiscal years 2019–28, and by almost $3.2 trillion over the subsequent decade, according to an analysis by the Tax Policy Center.

Filed in: Top News Tags: 

You might like:

Currencies: Haven dollar touches 1½-year high as global growth worries dominate trading Currencies: Haven dollar touches 1½-year high as global growth worries dominate trading
Financial News: Brexit briefing: Theresa May expresses confidence she’ll be able to amend EU deal Financial News: Brexit briefing: Theresa May expresses confidence she’ll be able to amend EU deal
Economic Preview: The Fed’s about to embark on a tricky balancing act, with a rate hike and a dovish message Economic Preview: The Fed’s about to embark on a tricky balancing act, with a rate hike and a dovish message
Outpatient visits are getting more expensive — but that’s nothing compared to inpatient costs Outpatient visits are getting more expensive — but that’s nothing compared to inpatient costs
Amazon’s strategy for catching porch pirates with facial recognition could also curb civil liberties, critics say Amazon’s strategy for catching porch pirates with facial recognition could also curb civil liberties, critics say
Market Snapshot: Dow falls more than 500 points as stocks tumble on China-inspired growth worries Market Snapshot: Dow falls more than 500 points as stocks tumble on China-inspired growth worries
Key Words: Orrin Hatch now says no one is above law and voices regret for ‘irresponsible’ comments about possible Trump wrongdoing Key Words: Orrin Hatch now says no one is above law and voices regret for ‘irresponsible’ comments about possible Trump wrongdoing
The Ratings Game: Walgreens stock dives after Goldman downgrade on concerns about core business The Ratings Game: Walgreens stock dives after Goldman downgrade on concerns about core business

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.