Congress
House Republicans tap French Hill to chair Financial Services
Rep. French Hill, an Arkansas Republican and former banker, is poised to become the next chair of the House Financial Services Committee after winning the endorsement of the GOP’s steering panel, according to three people with knowledge of the vote.
Hill, a moderate who has represented the Little Rock area since 2015, beat three other long-time members of the Financial Services panel — Reps. Andy Barr of Kentucky, Bill Huizenga of Michigan and Frank Lucas of Oklahoma — in one of the most closely watched gavel races this year.
The four presented their cases to GOP steering committee members Thursday in alphabetical order. Now, the full conference must vote to ratify the selection.
Hill, who currently serves as Financial Services vice chair and leads a digital assets subcommittee, will be tasked with helping to steer President-elect Donald Trump’s financial policy agenda through Congress. He has worked alongside outgoing Chair Patrick McHenry (R-N.C.) to champion industry-friendly crypto legislation, which is expected to remain a major priority under Trump.
Congress
Rep. Raúl Grijalva dies at 77
Rep. Raul Grijalva has died at 77, according to a statement from his office. The 12-term Arizona Democrat had been under treatment for cancer.
“Rep. Grijalva fought a long and brave battle,” the statement said. “He passed away this morning due to complications of his cancer treatments.”
Grijalva had been largely absent from Congress since the beginning of the year due to his health struggles. He was set to retire from the House at the end of this term and had stepped aside from his position as the top Democrat on the House Natural Resources Committee.
Grijalva is the second House Democrat to die in office this month. Rep. Sylvester Turner of Texas died on March 5.
Congress
Senate confirms Pulte as top housing regulator, with market’s future at stake
The Senate on Thursday voted 56-43 to confirm Bill Pulte as the nation’s top housing regulator, putting him at the center of a fight over the future of two government-controlled companies that prop up half the residential mortgage market.
As the director of the Federal Housing Finance Agency, Pulte will have oversight of mortgage giants Fannie Mae and Freddie Mac, which have been in government conservatorship for more than 16 years.
The Trump administration is widely expected to seek to release Fannie and Freddie from government control — a complicated process that will rekindle debate about the role of the federal government in housing at a time when affordability has emerged as a major political concern.
Pulte gave few clues during his confirmation hearing with the Senate Banking Committee about what would happen with the companies, which buy mortgages and package them into securities for sale to investors.
“While [Fannie and Freddie’s] conservatorships should not be indefinite, any exit from conservatorship must be carefully planned to ensure the safety and soundness of the housing market without upward pressure on mortgage rates,” he told the panel.
Pulte expanded slightly on that position in a written response to questions for the record from Sen. Elizabeth Warren of Massachusetts, the top Democrat on the committee.
“My priority in overseeing Fannie Mae and Freddie Mac is ensuring a stable and thriving housing and mortgage market, and to this end, any decisions related to if or when Fannie or Freddie are released from conservatorship would involve the President and the Secretary of the Treasury,” he wrote.
Pulte declined to answer Warren’s question about whether he has consulted with outside advisers including Bill Ackman, the billionaire hedge fund founder who has held sizable positions in both companies for years in the hopes that they would eventually be privatized.
Congress
Sarah McBride says she lives ‘rent-free’ in Republicans’ heads
LEESBURG, Va. — Rep. Sarah McBride said she lived to “rent-free in the minds of some of my Republican colleagues” amid a controversy about GOP lawmakers referring to her by the wrong gender.
Speaking Thursday at a news conference with House Minority Whip Katherine Clark and first-term Democratic women lawmakers, McBride said Republicans were “obsessed with culture war issues” and said it was “weird” and “bizarre.”
“We will not take a lecture on decorum from a party that incited an insurrection,” the first openly transgender member of Congress said, making reference to the Jan. 6, 2021, Capitol riot.
Rep. Keith Self (R-Texas) referred to her as “Mr. McBride” during a congressional hearing earlier this week, sparking a confrontation between Self and Rep. Bill Keating (D-Mass.) over the issue. Other GOP lawmakers have targeted McBride’s identity, with Rep. Mary Miller (R-Ill.) addressing her as “the gentleman from Delaware” while presiding on the House floor at one point.
House Republicans have sought to turn transgender rights into a wedge issue against Democrats this Congress. Rep. Nancy Mace (R-S.C.) led an effort to ban transgender women from using women’s bathrooms on Capitol Hill. She responded to McBride’s comments Thursday with an X post addressing her as “Sir.”
McBride has generally shied away from weighing in on the attacks on her identity. Thursday’s remarks were her first public comments on the incident beyond a Tuesday post on X where she wrote: “No matter how I’m treated by some colleagues, nothing diminishes my awe and gratitude at getting to represent Delaware in Congress.”
-
The Josh Fourrier Show4 months ago
DOOMSDAY: Trump won, now what?
-
Uncategorized4 months ago
Bob Good to step down as Freedom Caucus chair this week
-
Economy4 months ago
Fed moves to protect weakening job market with bold rate cut
-
Uncategorized4 months ago
Johnson plans to bring House GOP short-term spending measure to House floor Wednesday
-
Economy4 months ago
It’s still the economy: What TV ads tell us about each campaign’s closing message
-
Politics4 months ago
RFK Jr.’s bid to take himself off swing state ballots may scramble mail-in voting
-
Politics4 months ago
How Republicans could foil Harris’ Supreme Court plans if she’s elected
-
Politics4 months ago
What 7 political experts will be watching at Tuesday’s debate