Brendan Pedersen
@BrendanPedersen
senior reporter and co-author @PunchbowlNews VAULT writing about Congress, money, economy. signal: bpedersen.41 he/him not a doctor
2.9K Following 20.4K Followers
after years of escalating border disputes, Vermont has finally fallen to Big New Hampshire
Yesterday, the Energy Department announced major investments towards Tribal communities energy infrastructure that will lower energy costs for Americans! 🇺🇸
Someone impersonated a WSJ lawyer and had X take down this thread for violating copyright.
It’s now back online.
ICYMI: @BoHines’s company earned millions from @Tether as he led the White House’s crypto agenda.
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Former Sen. Sherrod Brown’s potential return to the Senate has economic policy watchers wondering what kind of role he’d play after his past run as Banking Committee chair.
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My first dispatch from my Arizona reporting trip, featuring this anecdote from Amish Shah on how healthcare is a central part of his message>>>
BREAKING NEWS:
The vast majority of HOUSE DEMS on the Financial Services Committee have sent a letter endorsing MAXINE WATERS to return as the party's top Democrat.
Non-signers: Casten and Foster (running against Waters) and Sam Liccardo.
(@PunchbowlNews text subscribers had the scoop first)
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Rep. Maxine Waters’ control over Democrats on the House Financial Services Committee may end up hinging on her unpaid fundraising dues.
The details from @BrendanPedersen and @heatherscope:
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Maxine Waters has a fundraising problem. The top House Democrat overseeing Wall Street hasn’t met her DCCC dues once over the past 12 years, according to internal docs we obtained and FEC filings. The shortfalls have added up over time. w/ @heatherscope
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From 🏦 Vault:
- A banker’s fight for political survival
- What manufacturers want for tax post-OBBB
- Waters’ fundraising gaps loom over gavel race
- What we learned from bank earnings
@BrendanPedersen and @ccleffert in the Lookahead:
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“Maxine’s been a long-time leader of the committee,” Hill said. “But I have heard, over the years, from many members of the Democratic conference, that they too wish there were chair term limits.”
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What French Hill said about the Maxine Waters gavel challenge on the House Financial Services Committee in @PunchbowlNews Vault.
@BrendanPedersen has the latest:
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Federal judge rejects @CFTC and @Gemini ‘s unusual joint request from May to undo a January 2025 $5 million settlement negotiated in the waning days of the Biden administration. On @TheTerminal.
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@SophiaCai99 @cheyennehaslett Untrue that Rudd, Needham, Bisigano, and Klomp had not been previously reported. @Dareasmunhoz scooped this a week ago!
Now we can say it definitively.
Elon Musk donated $158M to SLF.
SLF donated $158M to Texas PAC.
SLF is Texas PAC's only donor.
Elon Musk is singlehandedly funding Texas PAC, which is boosting Ken Paxton.
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Housing policy loomed large during a televised debate between Rep. French Hill and Democrat Chris Jones Thursday afternoon, where both men stressed their experience in tackling the cost of living crisis.
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News w/ @JakeSherman: Rep. Waters (D-Calif.) hosted a three-hour whip call Thursday to plot her leadership race strategy for Financial Services.
Inner circle on the call: Gottheimer (N.J.), Pressley (Mass.), Beatty (Ohio), Sherman (Calif.), Cleaver (Mo.), Garcia (Texas)
Text>>
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We're gonna have Misery Futures now
NEW in @PunchbowlNews AM: Senate R's are preparing to rush through judicial noms after the midterms
Judiciary Chair GRASSLEY is planning two judicial nomination hearings in Nov. when the Senate is in for less than 2 weeks. Additional hearings expected in Dec.
R's goal is to clear as many district and court judges as possible before the year ends & nom process resets. But this will intensify if the Senate flips & judicial noms would likely become a priority for floor time
MUCH MORE inside Grassley's push to confirm judges -
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like every finance reporter is trying to prove a cabal between private capital, data centers, life insurers, and rating agencies and this guy— whose marginal cost of capital is 20%— just says on the record in the FT it’s all true and it’s his business model:
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Rep. Bill Huizenga, a Democratic target, is up with a new ad criticizing his Democratic opponent for supporting data centers in Michigan.
More from @JakeSherman:
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NEW: Trump's offshore wind attack scares House Dems. I caught up w/Reps. Sean Casten and Mike Levin, influential clean energy hawks, who are seeking changes to the Senate permitting bill and
indicated their distrust of the admin is only growing. For @PunchbowlNews Midday
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Semafor confirms our scoop from Sept. 4 that Sean Casten is actively weighing a bid against Maxine Waters for the House Financial Services Committee gavel
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Seven Democratic senators release a statement saying they “remain committed” to enacting the Clarity Act – Gillibrand, Alsobrooks, Booker, Cortez Masto, Warner, Warnock
