Ex-NYPD officer gets 10 years in prison for Jan. 6 attack
A retired New York Police Department officer has been sentenced to a record-setting 10 years in prison for attacking the U.S. Capitol and using a metal flagpole to assault one of the police officers trying to hold off a mob of Donald Trump supporters.
Sanctions on Russian oligarch donors hit Israel institutions
Billionaire Moshe Kantor has severed his longstanding ties to Tel Aviv University — joining a growing list of Russian Jewish oligarchs who have scaled back their philanthropic activities after coming under international sanctions for their ties to President Vladimir Putin.
Police: Kidnapping suspect asked for Bloomberg's daughters
Investigators say a man who allegedly kidnapped an employee at the western Colorado ranch owned by former New York City mayor Michael Bloomberg at first asked her where the billionaire’s daughters were and later went on rants about Bloomberg, saying he wanted to “make an international scene” with him or his daughters.
Tribeca plans in-person, outdoor film festival for June
The Tribeca Film Festival said Monday, March 29, 2021, it plans to hold its 20th edition in-person and with outdoor screenings in June. (AP Photo/Evan Agostini, File)NEW YORK – The Tribeca Film Festival said Monday that it plans to hold its 20th edition in-person this June and with outdoor screenings spread throughout New York's five boroughs. “The Tribeca Film Festival was born out of our mission to bring people together in the aftermath of 9/11. Major film festivals — the Berlin International Film Festival and the SXSW Film Festival in Austin, Texas — have thus far turned to virtual editions. France's Cannes Film Festival, usually held in May, is aiming for an in-person festival in July.
Sunshine State dims for Dems amid election losses, cash woes
Democrats hope to make deeper strides in changing their fortunes in a state that has become friendlier place for Republicans. And that was despite $100 million spent by Michael Bloomberg to help Democrats in the state. When the spending tally is complete, the last election cycle in Florida is expected to rank as among the most expensive in state history. Ad“I don’t know anybody who’s happy with investing $100 million and not winning,” said Manny Diaz, the new chair of the Florida Democratic Party. Diaz, the state party chairman, is trying to reverse the slide in its voter registration advantage over Republicans.
Bezos and Bloomberg among top 50 US charity donors for 2020
Bezos is one of the 50 Americans who gave the most to charity in 2020, according to the Chronicle of Philanthropys annual rankings. “There has been change building among private donors.”All told, the 50 biggest donors contributed $24.7 billion in 2020, compared with $15.8 billion in 2019. The $1 billion-plus of giving by each of the top five on the Philanthropy 50 matches last year’s record. No more than three donors gave $1 billion or more in any of the previous years. Colleges and universities received $2.2 billion from Philanthropy 50 donors in 2020.
UN chief reappoints billionaire Bloomberg as climate envoy
FILE - In this Thursday, Sept. 13, 2018 file photo, Michael Bloomberg, the UN Secretary-General's Special Envoy for Climate Action, speaks during the plenary session of the Global Action Climate Summit, in San Francisco. The United Nations says American billionaire Michael Bloomberg has been reappointed as a special envoy to engage governments and businesses in tackling the threat of global warming. The U.N. said Friday, Feb. 5, 2021 that Secretary-General Antonio Guterres wants the former New York City mayor to mobilize stronger and more ambitious climate action in the lead-up to a global climate summit in November. (AP Photo/Eric Risberg, File)BERLIN – The United Nations says American billionaire Michael Bloomberg has been reappointed as a special envoy to engage governments and businesses in tackling the threat of global warming. The U.N. said Friday that Secretary-General Antonio Guterres wants the former New York mayor to “mobilize stronger and more ambitious climate action” in the lead-up to a November global climate summit.
Super Bowl ads aim to comfort and connect
NEW YORK – Super Bowl ads each year offer a snapshot of the American psyche. The chance to break into the psyche and (virtual) watercooler talk of an estimated 100 million viewers who will be watching the CBS broadcast of Super Bowl LV on Sunday. This year’s Super Bowl will showcase more than 20 first-time advertisers — more than double the 8 from last year if you exclude campaign ads, according to a tally by research firm iSpot. It’s a bellwether when a brand can afford the estimated $5.5 million cost-of-entry for a 30-second spot during the Super Bowl. In stark contrast to last year's Super Bowl, which featured campaign ads from both Donald Trump and Michael Bloomberg, politics is out of sight this year.
After years of work, Abrams takes victory lap in Georgia
People in the crowd hold up an image of Stacey Abrams as President-elect Joe Biden speaks in Atlanta, Monday, Jan. 4, 2021, to campaign for Georgia Democratic candidates for U.S. Senate, Rev. “I think what’s next for Stacey is whatever Stacey wants to be next," said Leah Daughtry, a former chief of staff at the Democratic National Committee. “Stacey Abrams (that’s the tweet),” wrote Karine Jean-Pierre, incoming deputy White House press secretary. At the same time, Abrams never stopped pushing Democrats to support her Georgia efforts and copy them nationally. Groh-Wargo emphasized this week that one difference between 2018 and 2020 was the success at turning out Black voters in rural areas.
Bloomberg's big spending struggles to sway election outcomes
His only win during a short-lived Democratic bid for the White House was in the territory of American Samoa. Yet after dumping $1.1 billion into his campaign, he waited until September to follow through on his vow to spend big to unseat Trump. The showing could raise questions about Bloomberg's ability to use his vast financial resources to sway politics in the future. Bloomberg advisers say it's unfair to blame him for not doing enough to help Biden in Florida. Democrats lost seats in the House on Election Day and failed to flip statehouse chambers they had targeted.
Biden wins Michigan, Wisconsin, now on brink of White House
A full day after Election Day, neither candidate had cleared the 270 Electoral College votes needed to win the White House. Trump’s campaign requested a recount, though statewide recounts in Wisconsin have historically changed the vote tally by only a few hundred votes. After the victories in Wisconsin and Michigan, he was just six Electoral College votes away from the presidency. Trump campaign manager Bill Stepien said the president would formally request a Wisconsin recount, citing “irregularities" in several counties. The Trump campaign on Wednesday pushed Republican donors to dig deeper into their pockets to help finance legal challenges.
The Latest: Trump meets troops involved in al-Baghdadi raid
— Trump paints an apocalyptic portrait of life under a Biden presidency— Trump Cabinet members fan out to states, blending politics and policy. ___HERE’S WHAT ELSE IS GOING ON:8:45 p.m.President Donald Trump has met with rap star Lil Wayne at his resort in Doral, Florida. The Trump campaign and the company didn’t immediately respond to requests for comment from The Associated Press. The Minnesota Department of Health has linked 28 coronavirus cases to other recent Trump campaign events in the state. Mrs. Trump warmed up the large crowd outside Raymond James Stadium in Tampa for President Donald Trump.
Georgia's McBath seeks 2nd win in once-famed GOP district
ATLANTA – Karen Handel is looking for Republicans to mobilize in Georgia's 6th District, once an incubator of high-profile Republicans. But Democrat Lucy McBath, who unseated Handel in 2018, is trying to show that Atlanta's wealthiest suburbs have changed. But McBath is hitting Handel with a range of attacks, with the most concerted sparring around health care. “My opponent's record on health care is absolutely dismal,” McBath said. “Right now we have a single-issue, completely disengaged member of Congress representing this congressional district,” Handel said.
Prince William, David Attenborough launch 'Earthshot' award
In this undated handout photo issued by WWF on Saturday, Sept. 26, 2020, British Naturalist Sir David Attenborough, sits with Prince William for a private outdoor screening of his upcoming film, David Attenborough: A Life On Our Planet, at Kensington Palace, London. William, who has been immersed in environmental issues all his life, said the same resources used to tackle the coronavirus pandemic should be devoted to saving the natural world. “According to the experts, it really is the point of no return," he told Sky News. “It’s a matter of great urgency now.”William also spoke about how his seven-year-old son, Prince George, is getting concerned about what's going on in the world. He said his son was left so saddened by an Attenborough documentary about extinction that he told his father “I don’t want to watch this anymore."
Watch live: Fauci, Slaoui, Bloomberg and Collins participate in coronavirus vaccine symposium
Johns Hopkins University and the University of Washington are holding a series of panels Tuesday with the nation's top health officials as part of a coronavirus vaccine symposium titled "Preserving the Scientific Integrity of Getting to COVID-19 Vaccines: From Clinical Trials to Public Allocation." The speakers include White House coronavirus advisor Dr. Anthony Fauci; National Institutes of Health Director Dr. Francis Collins; Moncef Slaoui, who leads the Trump administration's Operation Warp Speed Covid-19 vaccine efforts; and billionaire philanthropist and former New York City mayor Michael Bloomberg. Countries across the globe are racing to develop, manufacture and distribute Covid-19 vaccines at historic speeds. However, the safety and timing of potential Covid-19 vaccines has come under question as some people grow concerned about political interference in their approval process. Read CNBC's live updates to see the latest news on the Covid-19 outbreak.
cnbc.comBloomberg raises millions to help Florida felons vote
The former Democratic presidential candidate has helped raise more than $20 million so that felons who completed their prison sentences can vote in the presidential election. Bloomberg also has pledged $100 million to help Joe Biden win Florida. Working together with the Florida Rights Restoration Coalition, we are determined to end disenfranchisement and the discrimination that has always driven it,” Bloomberg said in a written statement. The Florida Rights Restitution Coalition had raised about $5 million before Bloomberg made calls to raise almost $17 million more, according to Bloomberg staffers. ____This version corrects the name of the group to Florida Rights Restoration Coalition.
Trump ramps up ad spending in bid to counter Biden
The Trump campaign announced the “eight-figure” ad buy Tuesday, but declined to say specifically how much will be spent in states that include North Carolina, Florida, Georgia, Michigan, Minnesota, Wisconsin, Arizona and Pennsylvania. That sets up a high-stakes dilemma for Trump campaign officials who are making key spending decisions at a time when Democrats have shattered fundraising records and overtaken what was once a formidable cash advantage enjoyed by Republicans. The Trump campaign said the moves were part of a broader shift in advertising spending. That's likely to put Trump at a disadvantage unless he ups the $32.6 million in ad time he's reserved in the state. “The ads airing on local television beginning Tuesday feature real people whose lives have been positively impacted by President Trump’s policies."
2020 Watch: How much more damage can Woodward do?
FILE - In this April 29, 2017, file photo journalist Bob Woodward sits at the head table during the White House Correspondents' Dinner in Washington. ___THE BIG QUESTIONSHow much more damage can Woodward do? There is no more expensive swing state on the 2020 map and there is no state more important to Trump's reelection than Florida. See it here: https://interactives.ap.org/advance-voting-2020/Every state allows voters to cast ballots before Nov. 3, either in person or by mail. ___2020 Watch runs every Monday and provides a look at the week ahead in the 2020 election.
Bloomberg to spend at least $100M to help Biden in Florida
WASHINGTON – Former New York City Mayor Michael Bloomberg is committing at least $100 million to help Joe Biden's presidential campaign in the crucial battleground state of Florida. A victory for Biden in Florida, the largest of the perennial battleground states, would significantly complicate Trump's path to reaching the 270 Electoral College votes needed to secure a second term. The billionaire Bloomberg launched his own campaign for the Democratic nomination late last year amid worries about Biden's strengths. Despite spending $1 billion on his campaign, Bloomberg struggled and dropped out in March, quickly endorsing Biden. Bloomberg's new spending is intended to boost Biden before the start of early voting in Florida, which begins on Sept. 24.
Trump raises $210 million, robust but well short of Biden
NEW YORK President Donald Trump and his Republican Party jointly raised $210 million in August, a robust sum but one dwarfed by the record $364.5 million raised by Democrats and their nominee, Joe Biden. Both campaigns are raising massive amounts of money but have very different priorities about how to spend it, said Trump campaign manager Bill Stepien. The Trump campaign, however, faces questions about how it has managed to lose a massive financial advantage. Trump campaign officials have kicked off a review of expenditures, including those authorized by former campaign manager Brad Parscale, who was demoted this summer. But even Parscales internal critics give him credit for helping the Trump campaign construct an unparalleled Republican operation to attract small donors online.
New this week: 'Cuties,' 'Unpregnant' and fresh 'Jeopardy!'
Heres a collection curated by The Associated Press entertainment journalists of whats arriving on TV, streaming services and music platforms this week. The film from director Mamouna Doucour is a thoughtful and poignant coming-of-age drama about Amy, an 11-year-old Senegalese immigrant living in Paris. Dont judge Cuties by its cover and give it a chance when it starts streaming Wednesday. Answer: Jeopardy! The quiz show with Alex Trebek at the helm of a COVID-19-conscious season hits screens Monday. Celebrity guest hosts are all the rage these days on late night TV but a documentary airing Thursday sheds light on one who really made history.
2020 Watch: Democrats begin their all-virtual convention
What were watching heading into a new week on the 2020 campaign:Days to general election: 78Days to first debate: 43___THE NARRATIVEThe first national political convention of the coronavirus era has arrived. President Donald Trump is working to step on the Democrats' convention and prevent Biden from earning any convention polling bounce. The Republican president launches a campaign tour on Monday that features in-person stops in three swing states, including Wisconsin. Forced to abandon their in-person convention in Milwaukee because of the pandemic, Democrats begin their all-virtual affair on Monday night. Biden won't be in Wisconsin for the Democrats' convention as initially planned this week, but Trump will.
9/11 light tribute in New York City to go on amid pandemic
NEW YORK CITY, NY – The annual light display honoring victims of 9/11 in New York City will go on after all, organizers said Saturday, after concerns about workers’ safety during the pandemic threatened to cancel the tribute. New York Gov. The announcement came days after the National September 11 Memorial & Museum canceled the “Tribute in Light” over concerns the coronavirus might spread among crews creating twin columns of light to represent the World Trade Center in the Manhattan sky. Cuomo said the pandemic would not stop the tribute to victims of the Sept. 11, 2001, terrorist attack. “The state will provide health personnel to supervise to make sure the event is held safely while at the same time properly honoring 9/11,” he said in a statement.
New York to launch tri-state virus tracing program with Bloomberg's help
FILE PHOTO: New York governor Andrew Cuomo speaks as the USNS Comfort pulls into a berth in Manhattan during the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 30, 2020. REUTERS/Carlo Allegri/File Photo(Reuters) - New York Governor Andrew Cuomo said on Wednesday that he would work with Connecticut and New Jersey to launch a joint tri-state program to trace the contacts of people with the novel coronavirus in an effort to prevent further spread. Cuomo also told a daily briefing that Michael Bloomberg, the former mayor of New York City and a former presidential candidate, had volunteered to help develop the program.
feeds.reuters.comBillionaire Mike Bloomberg will help New York develop coronavirus test and trace program, Gov. Cuomo says
Mike Bloomberg, the billionaire philanthropist and former mayor of New York City, will help the state develop and implement an aggressive program to test for Covid-19 and trace people who have had contact with infected individuals, Gov. "Michael Bloomberg will design the program, design the training, he's going to make a financial contribution," Cuomo said at a press conference in Albany. He said this data-driven approach will help the state determine when it can reopen the economy. He added that Johns Hopkins University and public health nonprofit Vital Strategies will also be partnering with New York to trace and isolate the virus. "You don't have months to do this, you have weeks to do this super-ambitious undertaking."
cnbc.comBloomberg campaign transfers $18 million to DNC
The now-defunct presidential campaign for former New York City Mayor Michael Bloomberg is transferring its $18 million in funds to the Democratic National Committee (DNC). By supporting the Democratic Party, we look forward to November and taking on our unified goal of beating Donald Trump," the campaign said in a memo to DNC Chair Tom Perez. Perez said in a statement that "Bloomberg and his team are making good on their commitment to beating Donald Trump." Bloomberg, a billionaire who self-funded his campaign, spent half a billion dollars on campaign advertisements. Kate Bedingfield, the communications director for the Biden campaign, praised the Bloomberg campaign's action in a statement.
cbsnews.comBiden is backed by former presidential rival Booker on eve of Michigan vote
FLINT, Mich. (Reuters) - Democratic presidential contender Joe Biden, who is seeking to deliver a heavy blow to rival Bernie Sanders on Tuesday as six states vote, received another boost on Monday when former presidential hopeful Cory Booker endorsed his campaign. An opinion poll from the Detroit Free Press published on Monday found Biden holding a 24-percentage-point lead over Sanders among Democratic voters in Michigan. Afterward, Biden asserted that voters were more interested in governmental competence than Sanders democratic socialist policy agenda. Still, black voters have backed Biden overwhelmingly, and propelled him to big victories in South Carolina on Feb. 29 and on Super Tuesday last week. But Sanders still lags well behind Biden among black voters.
feeds.reuters.comBloomberg bows out of presidential contest but his money will stay
WASHINGTON (Reuters) - After a not-so-Super Tuesday, Michael Bloomberg is out of the presidential nomination contest. I will work to make him the next president of the United States, Bloomberg said of Biden in a statement. Bloomberg addressed a crowd of supporters in New York, thanking his staff for their efforts but providing no details on how he would spend his money. Bidens deputy campaign manager Kate Bedingfield said it wasnt clear how Bidens campaign will work with Bloomberg. Former Democratic U.S. presidential candidate Mike Bloomberg appears at a news conference after ending his campaign for president in Manhattan in New York City, New York, U.S., March 4, 2020.
feeds.reuters.comFactbox: Four Democrats still seek the U.S. presidential nomination
(Reuters) - The field of candidates seeking the U.S. Democratic presidential nomination shrank to four on Wednesday after billionaire former New York City Mayor Michael Bloomberg ended his campaign and said he was backing Joe Biden. FILE PHOTO: Democratic U.S. presidential candidate and former Vice President Joe Biden addresses supporters at his Super Tuesday night rally in Los Angeles, California, U.S., March 3, 2020. The Republican choice will almost certainly be President Donald Trump, who has overwhelmingly won the first two contests. Gabbards populist, anti-war approach has won her fans among both the far left and the far rightGabbard, 38, has been engaged in a public feud with 2016 Democratic presidential nominee Hillary Clinton. In New Hampshire, Trump won 86% of the Republican vote.
feeds.reuters.comWhy wealth inequality is driving Democrats in the 2020 election
So for the Democrats, the conversation around wealth inequality "will only continue to increase" and move to the "forefront," Democratic political consultant Andrew Feldman tells CNBC Make It. According to the experts, these are some of the specific political conditions making wealth inequality a force on the Democratic campaign trail and for the election. In 2018, the top 10% of U.S. households controlled 70% of total household wealth, according to a white paper from Federal Reserve economists. Coronavirus consequences aside, highlighting wealth inequality has been the Democratic candidates' best counter punch. So while wealth inequality "was clearly bad several years ago as well," this year's voters have different expectations, Khan says.
cnbc.comSanders raised $46.5 million in February, Warren $29 million, Biden $18 million
REUTERS/Jonathan Ernst/File PhotoThe announcement came the day after former Vice President Joe Biden scored a decisive victory over Sanders in South Carolina. Bidens campaign reported raising $5 million the day of the South Carolina primary. Meanwhile, rival Elizabeth Warren, who struggled to a fifth-place finish in South Carolina, raised more than $29 million in February, her campaign manager Roger Lau said in a memo to supporters on Sunday. Looking to reclaim momentum after the South Carolina result, the Sanders campaign said he had raised $4.5 million on Saturday alone - the best fundraising day since he launched his campaign. The donations in February bring Sanders total haul since he entered the race to $167 million, the campaign said.
feeds.reuters.comMike Bloomberg tells 60 Minutes why he should be president
Mike Bloomberg: I find it incomprehensible that the president would do something as inane as calling it a hoax, which he did [Friday] night in South Carolina. Mike Bloomberg: This is up to the scientists and the doctors as to whether there is a problem. Mike Bloomberg: I don't think I ever saw the book, but I do remember it. Scott Pelley: You have already spent twice as much on this campaign as President Trump has raised. My investment is I'm going to remove President Trump from 1600 Pennsylvania Avenue or at least try as hard as I can.
cbsnews.comSilicon Valley investor Chamath Palihapitiya says billionaires should stop being so sensitive
Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. "My main hang up has been the constant attacking of wealthy people, the villainizing of the billionaire class," he said on CNBC. Palihapitiya responded that billionaires need to better understand the perspective of the millions of Americans who have not seen their wealth soar from the stock market or other investments. "I'm in the same fortunate position you're in," he told Cooperman. Warren, who advocates a wealth tax, criticized Cooperman and other billionaires in a campaign ad, saying "You built a great fortune..good for you.
cnbc.comSurging Sanders to be in the crosshairs at South Carolina Democratic debate
CHARLESTON, S.C. (Reuters) - Surging front-runner Bernie Sanders will be in the hot seat at the Democratic debate in South Carolina on Tuesday, when his six presidential rivals try to derail his growing momentum before the next big round of nominating contests. Joe Biden, the national front-runner not so long ago, needs to win South Carolina to keep his campaign alive, while Pete Buttigieg, Elizabeth Warren, Amy Klobuchar and Tom Steyer are desperately battling for relevance. South Carolina and its large bloc of black voters will be a test of whether he can improve on what polls show is his lack of appeal to African Americans. He is counting on a win in South Carolina, given his popularity among black voters, who make up more than half of the Democratic electorate in the Southern state. He could make a difference in South Carolina, where polls show he has his greatest strength.
feeds.reuters.comDemocrats to turn fire on surging Sanders in South Carolina debate
CHARLESTON, S.C. (Reuters) - Surging front-runner Bernie Sanders will be in the hot seat at the Democratic debate in South Carolina on Tuesday, when his six presidential rivals try to derail his growing momentum before the next big round of nominating contests. Joe Biden, the national front-runner not so long ago, needs to win South Carolina to keep his campaign alive, while Pete Buttigieg, Elizabeth Warren, Amy Klobuchar and Tom Steyer are desperately battling for relevance. South Carolina and its large bloc of black voters will be a test of whether he can improve on what polls show is his lack of appeal to African Americans. He is counting on a win in South Carolina, given his popularity among black voters, who make up more than half of the Democratic electorate in the Southern state. He could make a difference in South Carolina, where polls show he has his greatest strength.
feeds.reuters.comBloomberg's company announces new mandatory sexual harassment training
After Mike Bloomberg took a beating in his first appearance on a Democratic debate stage for alleged harassment and non-disclosure agreements at Bloomberg LP, the company he founded is ramping up its sexual harassment training. In a memo sent to employees on Tuesday afternoon, ahead of Bloomberg's second debate appearance, the company underlined its "zero tolerance" policy for harassment, while announcing a new mandatory program to prevent harassment. The program comes on top of existing harassment training has been mandatory for more than a decade, a person familiar with the situation told CNBC. The memo did not mention that the new program comes in addition to a previously existing mandatory program, although it did emphasize the company's policy against harassment and discrimination. Bringing in the Bystander is a form of harassment training that helps employees "understand how to respond if they witness inappropriate behavior," he said.
cnbc.comWarren Buffett says 'I'm a Democrat,' and would have 'no trouble' voting for Bloomberg
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan(Reuters) - Warren Buffett, the chairman of Berkshire Hathaway Inc (BRKa.N) and one of the worlds most admired investors, said on Monday he is a Democrat, and would have no trouble voting for fellow billionaire Michael Bloomberg for U.S. president. Im a Democrat, but Im not a card-carrying Democrat, said Buffett, who said he has sometimes voted for Republicans, though he supported Democrat Hillary Clinton in her 2016 White House run. Buffett rarely talks publicly about his own political leanings, but has made clear his support for policies that support capitalism and economic growth. Buffett on Monday ranked fourth on Forbes magazines list of the worlds richest people, with a $90.2 billion net worth, while Bloomberg ranked 12th, at $61.9 billion.
feeds.reuters.comWatch the highlights from Warren Buffett's big CNBC interview
Warren Buffett was live on CNBC's "Squawk Box" for three hours on February 24, 2020. Berkshire Hathaway's chief and Becky Quick covered many topics, including his thoughts on Democratic presidential contenders Bernie Sanders and Michael Bloomberg, sub-zero interest rates, Bank of America vs. Wells Fargo, cryptocurrencies, and his new smart phone. Here are some of the highlights, starting with Buffett's reaction to the 3% drop for the stock market due to fears of a coronavirus pandemic.
cnbc.comBernie Sanders will win the Nevada caucus, NBC News projects, cementing his front-runner status
Democratic presidential candidate Sen. Bernie Sanders, I-Vt., right, with his wife Jane, raises his hand as he speaks during a campaign event in San Antonio, Saturday, Feb. 22, 2020. Eric Gay | APSen. Bernie Sanders will win the Nevada Democratic caucus, NBC News projected Saturday, strengthening his early pole position in the race for the presidential nomination. Nevada, the third Democratic primary nominating state, allocates national delegates proportionally based on congressional district level and statewide results. Including their projected delegates from Nevada, Sanders leads Buttigieg 39 to 25 in the 2020 delegate race. The Buttigieg campaign on Sunday asked the Nevada Democratic Party to delay releasing final tallies as it alleged irregularities.
cnbc.comBernie Sanders on Bloomberg debate performance: "I think it's quite likely that Trump will chew him up and spit him out."
Leading Democratic presidential candidate Bernie Sanders says Michael Bloomberg's performance at his first debate means President Donald Trump would likely "chew him up and spit him out" in a debate if he were to win the nomination. ANDERSON COOPER: Were you surprised by how unprepared he seemed for some very basic obvious questions at a debate in Nevada? And-- and-- and, you know-- and if that's what happened in a Democratic debate, you know, I-- I think it's quite likely that Trump will chew him up and spit him out. If you were worried about him before, are you less worried now after having that debate? BERNIE SANDERS: I am worried about an unprecedented amount of money being spent on a campaign.
cbsnews.comAs billionaires Bloomberg and Steyer burn through money, some 2020 Democrats run low on cash
Democratic presidential candidate Sen. Amy Klobuchar (D-MN) walks with members of Culinary Workers Union Local 226 on a picket line outside of Palms Casino Resort on February 19, 2020 in Las Vegas, Nevada. Mario Tama | Getty ImagesAs two billionaires pile staggering amounts of cash into their 2020 Democratic presidential campaigns, several of their rivals are burning through money much more quickly than they are raising it. Former Vice President Joe Biden, former South Bend, Indiana, Mayor Pete Buttigieg and Sen. Amy Klobuchar, D-Minn., followed with $8.9 million, $6.2 million and $5.5 million, respectively. The Buttigieg and Warren campaigns both spent at least twice what they raised a cause for concern as the race moves toward March 3. Klobuchar and Warren apparently needed the cash injections: their campaigns had only $2.9 million and $2.3 million, respectively, in the bank at the end of January.
cnbc.comBloomberg offers to release women from 3 non-disclosure agreements after Warren roasts him
"I want my company to be a model for women seeking opportunity and support in their careers," Bloomberg said. One women, Sekkio Sakai Garrison, claimed that when she told Bloomberg that she was pregnant he quipped, "Kill it," and then said, "Great! Number 16!," referring to the number of women at the firm who were either also pregnant or on maternity leave. In Wednesday's debate, when Warren had called on Bloomberg to release female employees from NDAs, he said, "we have a very few nondisclosure agreements." "None of them accused me of doing anything other than maybe they didn't like a joke I told," Bloomberg said, to groans from the audience.
cnbc.comBloomberg's plan to tackle the $1.7 trillion student loan crisis
Democratic presidential candidate former New York City mayor Mike Bloomberg speaks during the Democratic presidential primary debate at Paris Las Vegas on February 19, 2020 in Las Vegas, Nevada. Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country's $1.7 trillion outstanding student loan balance. For people already saddled with student debt, Bloomberg says he would slash borrower payments in half. After 20 years on Bloomberg's repayment plan, undergraduate borrowers can get their remaining debt canceled tax-free on up to $57,000 of federal student loans. The average college graduate leaves school $30,000 in the red today, up from $10,000 in the 1990s, and 28% of student loan borrowers are in delinquency or default.
cnbc.comFacebook is considering making it clearer that pro-Bloomberg posts come from paid staffers
The source said Facebook is considering taking steps to make it clearer that the people posting messages of support are paid employees. Facebook has taken a range of steps to improve transparency around political advertising since the Cambridge Analytica scandal in March 2018. This follows last week's news from Facebook when a company spokesperson told CNBC that Facebook would not put political posts from influencers into its ad database, even if a candidate paid the influencer for the post. However, the spokesperson said the posts would go in the archive if the influencer paid to promote it. "We think it's important that political campaigns have the guidance and tools to be transparent," a Facebook spokesperson told CNBC.
cnbc.comBusinessman Steyer pumps $64.7 million of own funds into U.S. presidential bid in January
FILE PHOTO: Democratic 2020 U.S. presidential candidate Tom Steyer addresses the League of United Latin American Citizens (LULAC) Nevada Presidential Town Hall in Las Vegas, Nevada, U.S., February 13, 2020. REUTERS/Eric ThayerWASHINGTON (Reuters) - Businessman Tom Steyer poured $64.7 million of his own wealth in January into his bid to win the Democratic presidential nomination, for a total spend of $267 million, a campaign finance disclosure showed on Thursday. Steyers spending is of historic proportion, but is dwarfed by that of rival candidate billionaire Michael Bloomberg, who pumped $220.6 million of his own funds into his bid the same month, for a total of $409 million since launching his campaign in November.
feeds.reuters.comBloomberg says he can't use TurboTax. Here are the options for most taxpayers
Democratic presidential candidate Michael Bloomberg whose wealth is estimated at $60 billion says his tax return is probably thousands of pages long and he can't use TurboTax to finish it. For about 70% of the nation's taxpayers those with adjusted gross income of $69,000 or less in 2019 the IRS Free File program may be an option. That's a partnership involving the agency and a consortium of 10 companies that includes H&R Block, Intuit (maker of TurboTax) and TaxSlayer. Mike Blake | ReutersHowever, fewer than 2% of the eligible 105 million taxpayers use it, according to a recent report from the National Taxpayer Advocate's office at the IRS. Some of those online tax-software providers will also allow you to complete simple federal returns (and sometimes state returns) for free through their websites.
cnbc.comBloomberg under attack during Democratic debate over his record, non disclosure agreements
Bloomberg center of attack at Democratic deba... Democrats wasted no time during Wednesday's debate before taking shots at Michael Bloomberg, the newest Democratic presidential candidate on the debate stage, taking aim within the event's opening minutes at his derogatory comments about women and his billionaire status. CBSN political contributors Molly Hooper and Lynda Tran join CBSN's "Red and Blue" with the latest.
cbsnews.comDemocratic debate: Bloomberg takes the stage as Sanders leads, and Biden aims for a comeback
Now, the billionaire financier and media mogul will be a new presence on the Democratic debate stage on Wednesday night. In addition to Bloomberg, Sanders and Biden, the other candidates who will appear on the debate stage are former South Bend, Indiana, Mayor Pete Buttigieg and Sens. Sanders is hoping that doing well with Hispanic and young voters in Nevada can solidify his newfound front-runner status. Buttigieg has risen sharply in national polling after effectively tying with Sanders in Iowa and taking second place in New Hampshire. Warren has seen her support dip in national polls after Sanders' strong showings in the first two states.
cnbc.comFactbox: Bloomberg's plan to rein in Wall Street borrows from Warren's playbook
(Reuters) - On Tuesday, U.S. Democratic presidential candidate Michael Bloomberg unveiled a sweeping, left-leaning financial services agenda. On Tuesday, Bloomberg called for reversing a Trump-era decline in equity levels at the largest U.S. financial institutions and toughening banks annual health checks, echoing Warrens platform. STUDENT DEBT CRISISBloombergs platform also aims to address the student loan crisis by automatically enrolling undergraduate students in income-based repayment plans, installing caps on debt payments and making it easier to discharge student debt via bankruptcy. FINANCIAL INCLUSIONOn Tuesday, Bloomberg ventured into another of Warrens wheelhouses - access to financial services. Like Warren, Bloomberg on Tuesday advocated for the U.S.
feeds.reuters.comBloomberg to seek tighter financial industry regulations: New York Times
FILE PHOTO: Democratic U.S. presidential candidate Michael Bloomberg addresses a news conference after launching his presidential bid in Norfolk, Virginia, U.S., November 25, 2019. REUTERS/Joshua Roberts/File PhotoWASHINGTON (Reuters) - U.S. Democratic presidential candidate Michael Bloomberg on Tuesday will unveil his plan to overhaul the U.S. financial industry by taxing financial transactions and strengthening consumer protections, the New York Times reported. The plan will also call for merging government-sponsored housing finance giants Fannie Mae and Freddie Mac, and tightening banking regulations such as the Volcker Rule, the Times said.
feeds.reuters.comMike Bloomberg releases plan to rein in Wall Street
Presidential candidate Mike Bloomberg on Tuesday rolled an ambitious plan to rein in Wall Street, echoing platforms of some of his more liberal Democratic rivals. Bloomberg's plan would bolster many of the reforms either put in place or strengthened as part of the 2010 Dodd-Frank Act in response to the Great Recession, a crisis that some blamed on Wall Street banks. The billionaire, who made his own fortune on Wall Street, has now spent at least $400 million in advertising for his campaign, according to Kantar Media. Here are the priorities in Bloomberg's Wall Street plan, according to a campaign press release:Strengthen reforms put in place following the Great Recession to regulate banks and protect consumers, including the Volcker Rule and Consumer Financial Protection Bureau. Bloomberg said as president he would toughen the Volcker rule, which limits banks' proprietary trading, or trading stocks for their own gain.
cnbc.comWarren says Bloomberg's debate presence will allow Democrats to show how they'd take on an 'egomaniac billionaire' like Trump
Sen. Elizabeth Warren tore into rival Mike Bloomberg on Tuesday, forecasting that his appearance on the Democratic debate stage in Las Vegas will allow his rivals to demonstrate their skills at taking on an "egomaniac billionaire" such as President Donald Trump. "It's a shame Mike Bloomberg can buy his way into the debate," wrote Warren, D-Mass. "But at least now primary voters curious about how each candidate will take on Donald Trump can get a live demonstration of how we each take on an egomaniac billionaire." Bloomberg will face five Democrats eager to take him down on Wednesday after qualifying for his first debate since entering the 2020 race. Warren came in third in Iowa and fourth in New Hampshire.
cnbc.comMike Bloomberg's proposed Wall Street transaction tax explained
Presidential hopeful Michael Bloomberg on Tuesday announced sweeping reforms to the way Wall Street does business. Among his proposals is a 0.1% tax on all financial transactions, meaning that the federal government would exact a duty on all transactions, including stocks, bonds and payments on derivative contracts. "The financial system isn't working the way it should for most Americans," Bloomberg said a press release. The campaign says its proposed transactions tax would be designed to help raise revenues needed to address wealth inequality across the U.S. He's also proposed a variety of other duties on the wealthy as part of his $5 trillion tax plan.
cnbc.comThe U.S. election in a snapshot
(Reuters) - Democrats vying for the right to challenge U.S. President Donald Trump turned their focus to Nevada and South Carolina after Bernie Sanders solidified his front-runner status with a narrow victory in New Hampshire, with Pete Buttigieg close behind him. If theres one thing Tuesdays New Hampshire primary made clear, its that Democrats are no closer to agreeing on the right candidate to beat Republican President Donald Trump in November. Most voters taking part in New Hampshires Democratic primary expressed deep dissatisfaction with President Donald Trump and said they would vote for the partys nominee regardless of who it is, according to an Edison Research exit poll. Senator Michael Bennet of Colorado, a moderate who has stressed improving education for Americans, abandoned his bid for the 2020 Democratic presidential nomination. U.S. presidential candidate Michael Bloomberg won endorsements from three Congressional Black Caucus members, a positive sign for his campaign, which has drawn scrutiny lately over his past support for a controversial policing tactic.
feeds.reuters.com