Nikki Haley heads to fundraiser hosted by Wall Street executives

Nikki Haley, a Republican who jumped into the 2024 presidential race this month, is set to attend a fundraising event for her campaign hosted by Wall Street executives in New York on Tuesday, according to an invitation first reviewed by CNBC. The hosts for the fundraiser include Joseph Konzelmann, a partner at private equity giant TPG; Gautam Chawla, a vice chair at financial behemoth Barclays; and Evan Baehr, who runs a venture capital firm headquartered in Austin, Texas, according to the invitation. Tickets for the event cost between $3,300 and $6,600.

Mitt Romney calls George Santos ‘a sick puppy’ after Biden State of the Union

Utah Sen. Mitt Romney at the State of the Union address joined the growing number of Republicans who have said embattled freshman Rep. George Santos, R-N.Y., shouldn’t be in Congress. “If he had any shame at all, he wouldn’t be there,” Romney told reporters after the address. Santos has admitted to embellishing parts of his personal and professional resume, but Romney said they are lies, not embellishments. To embellish, he said, is to say you got an A instead of an A-. “Lying is saying you graduated from a college you didn’t even attend.”

Remarks by President Biden at the National Action Network’s Annual MLK Day Breakfast

THE PRESIDENT: Rev, thank you for very much for that introduction. And, quite frankly, thank you for your partnership. You’ve been a good friend for a long time. It’s an honor to spend the King holiday with the National Action Network and with the King family — Martin and the family. And I understand, you know, Martin III, we celebrate the legacy of your beloved mother and father. They worked for the Beloved Community. But congratulations today to the honorees, including your wife, who I understand has a birthday today.

Texas AG Ken Paxton sues Biden administration over enforcement of “public charge” law for immigrants

Texas Attorney General Ken Paxton filed a lawsuit on Thursday against President Joe Biden, accusing his administration of nullifying a federal law that prevents immigrants from obtaining a green card if they are likely to depend on government social services. The lawsuit filed in a U.S. District Court in Victoria claims the Biden administration “seeks to further its open borders policy by enacting a new agency rule that effectively nullifies federal law excluding aliens likely to become public charges.” In 2019, the Trump administration expanded a rule that would allow immigration officials to deny permanent resident status — also known as a green card — to immigrants if they previously received or in the future expected to receive food assistance, Medicaid, housing assistance or other public benefits. Texas Tribune

Report: Bezos, Jay-Z could buy Washington Commanders

Could Beyoncé become a regular presence at Washington Commanders games? It’s within the realm of possibility. According to The Washington Post, Inc. founder and Executive Chairman Jeff Bezos and billionaire rapper Jay-Z (Beyoncé’s husband) may team up to buy the Ashburn-based NFL team, currently owned by Dan and Tanya Snyder. On Wednesday, the Commanders announced that the Snyders had hired Bank of America Securities to consider potential offers for the team’s sale, according to a news release. Dan Snyder has been under increasing pressure to sell the team in recent weeks, as both he personally and the team’s head office have been under investigation by the NFL and Congress for alleged sexual harassment and fostering a hostile work environment. Recent leaks from inside the group of NFL team owners indicated that some want Snyder to sell the team, which he’s owned since 1999. Tanya Snyder, his wife, took over as co-CEO of the team in 2021, following the NFL’s $10 million fine of the team, which was formerly known as the Washington Redskins and by the interim Washington Football Team moniker. Virginia Business

Fed approves 0.75-poin thike to take rates to highest since 2008 and hints at change in policy ahead

The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008. The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high.

Biden visits Florida one week after Hurricane Ian

WASHINGTON — President Joe Biden visited Florida on Wednesday to survey the damage caused by Hurricane Ian, his second storm-related trip this week. The president, who was accompanied by first lady Jill Biden, traveled to Fort Myers to “reaffirm his commitment to supporting the people of Florida as they recover and rebuild from the devastating storm,” White House press secretary Karine Jean-Pierre told reporters. Biden plans to meet with small-business owners and residents affected by the hurricane, she said. He will thank federal, state and local officials who are working to restore power, clean up debris and distribute food and water, along with providing other lifesaving assistance.

Texas Democrats find voting rights are a tough sell as Capitol Hill turns its focus to Biden’s economic agenda

The scores of Texas Democrats who fled Austin this week to block passage of a Republican election law and implore Congress for the passage of new federal voting rights protections arrived on Capitol Hill and quickly earned effusive praise from fellow Democrats. “They are brave, they are bold, they are courageous,” said Senate Majority Leader Charles E. Schumer (D-N.Y.). Sen. Jeff Merkley (D-Ore.) called the runaway lawmakers “defenders of the Constitution,” while Sen. Amy Klobuchar (D-Minn.) hailed them as “freedom fighters.” But the accolades have not, so far, translated into real progress for the Texas state legislators, who arrived in Washington just as the congressional Democrats they are trying to prod into action on voting legislation have turned their full attention toward a trillion-dollar infrastructure deal and a potentially historic $3.5 trillion expansion of federal social and climate programs. The Washington Post

Virginia ‘Bible study’ group was cover for violent militia plans, prosecutors say

After storming the Capitol on Jan. 6, a Northern Virginia man began forming his own militia-like group in the D.C. suburbs and building up a supply of explosives under the guise of a Bible study group, according to federal prosecutors. Fi Duong, 27, appeared in court Friday and was released to home confinement pending trial, over the objections of prosecutors who sought stricter terms. According to the court record, at the time of his arrest he had several guns, including an AK-47, and the material to make 50 molotov cocktails. Details of the case — one of the first if not the first in which the government publicly disclosed it had someone undercover to continue monitoring a Jan. 6 defendant — were made public Tuesday. An attorney for Duong declined to comment. The Washington Post

Greater Washington lands another company on the Fortune 500

Fortune has unveiled its 2020 list of the 500 largest publicly traded American companies, and just like it did in 2019, Fairfax County has a new entrant. Reston’s Science Applications International Corp. (NYSE: SAIC) enters the Fortune 500 at No. 466 with $6.38 billion in 2019 revenue, up 37% from the previous year, and $226 million in profits, up 65% from 2018. It is one of 11 Fairfax County companies in Fortune’s top 500, of which four are in the top 100: Freddie Mac at No. 41, General Dynamics Corp. (NYSE: GD) at No. 83, Northrop Grumman Corp. (NYSE: NOC) at No. 96 and Capital One Financial Corp. (NYSE: COF) at No. 97.
“It sends a really strong message from the corporate world that this is a strong, stable, resilient location for headquarters operations,” Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority, said in a statement. Washington Business Journal