On The Money: House Dem says marijuana banking bill will get vote in spring | Buttigieg joins striking Stop & Shop workers | US home construction slips in March | Uber gets $1B investment for self-driving cars
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THE BIG DEAL– House Dem says marijuana banking bill will get vote this spring:
Rep. Earl BlumenauerEarl BlumenauerGreat challenges require great vision As chairman of trade panel, Blumenauer can have a positive impact on tariff debate Bipartisan bill to protect legal cannabis businesses introduced MORE (D-Ore.) said Friday that the House will vote later this spring on legislation allowing banks to work with marijuana businesses in certain states.
Blumenauer, who has long pushed cannabis legislation in Congress, said he has been in touch with Speaker Nancy PelosiNancy Patricia D'Alesandro PelosiBoth sides were wrong about Mueller report, and none of it will likely matter for 2020 Elijah Cummings: ‘I am begging the American people to pay attention to what’s going on’ Angus King: ‘Mueller passed the obstruction question to the Congress and Barr intercepted the pass’ MORE (D-Calif.) on timing for the bill, which was approved by the House Financial Services Committee in a 45-15 vote last month.
“Nancy Pelosi has always been supportive of cannabis reform,” he told reporters on a call. “There’s no doubt in my mind what is coming out of the Financial Services Committee will be given the opportunity to proceed to the floor in regular order.”
When asked about timing for the bill, Pelosi spokesman Drew Hammill noted the strong bipartisan vote in committee and that conversations would continue as the panel’s work wraps up.
Will it get to Trump’s desk? The bill is expected to pass the House if it receives a vote, but it faces less-than-certain prospects in the GOP-controlled Senate.
The Hill’s Alex Gangitano has more on what’s ahead.
Dems digging into Trump finances post-Mueller: Democrats are pressing forward with their investigations into President TrumpDonald John TrumpGrassroots America shows the people support Donald Trump Trump speaks to rebel Libyan general attacking Tripoli Dem lawmaker: Mueller report shows ‘substantial body of evidence’ on obstruction MORE‘s personal finances well beyond the boundaries of the special counsel probe into Russian interference in the 2016 election.
House committees led by fierce Trump critics are poised to ramp up their search for potential financial crimes committed by the president long before he launched his improbable presidential bid.
Mueller’s probe focused on questions of collusion and potential obstruction of justice, but Democratic Reps. Maxine WatersMaxine Moore WatersDem House chairs: Mueller report ‘does not exonerate the president’ Live coverage: Frenzy in DC as Congress, White House brace for Mueller report House Dems demand Barr cancel ‘inappropriate’ press conference on Mueller report MORE and Adam SchiffAdam Bennett SchiffMueller’s done, and Dems should be too — because Trump is no Nixon Trump blames Obama for ‘anything the Russians did’ in 2016 election Mueller report poses new test for Dems MORE of California, who chair the House Financial Services and Intelligence Committees respectively, are looking at Trump’s business empire and potential dealings with Russian nationals for any evidence of financial crimes.
We’ll have the full story on TheHill.com this weekend.
LEADING THE DAY
Buttigieg joins striking Stop & Shop workers: Democratic presidential hopeful Pete ButtigiegPeter (Pete) Paul ButtigiegFive former Obama ambassadors back Buttigieg Both sides were wrong about Mueller report, and none of it will likely matter for 2020 The Hill’s Morning Report — Mueller aftermath: What will House Dems do now? MORE joined picketing Stop & Shop workers Friday in Massachusetts as the South Bend, Ind., mayor seeks to gin up support amid rising polls and strong fundraising numbers.
Buttigieg met with the picketers at around noon at Stop & Shop’s store in Malden. The candidate was already planning a campaign state in nearby New Hampshire.
- Former Vice President Joe BidenJoseph (Joe) Robinette BidenFive former Obama ambassadors back Buttigieg Report: Biden will announce 2020 bid next week The Hill’s Morning Report — Mueller aftermath: What will House Dems do now? MORE and Sens. Bernie SandersBernard (Bernie) SandersGrassroots America shows the people support Donald Trump Five former Obama ambassadors back Buttigieg Both sides were wrong about Mueller report, and none of it will likely matter for 2020 MORE (I-Vt.) and Elizabeth WarrenElizabeth Ann WarrenThe Hill’s Morning Report — Mueller aftermath: What will House Dems do now? Warren spends big on staff in high-stakes 2020 gamble On The Money: Inside the Mueller report | Cain undeterred in push for Fed seat | Analysis finds modest boost to economy from new NAFTA | White House says deal will give auto sector B boost MORE (D-Mass.) have already showed solidarity with the strikers ahead of the primary, where labor groups will play a major role.
- Thousands of Stop & Shop union workers went on strike last Friday amid an ongoing contract dispute to protest against expected cuts to take-home pay, health care and other benefits.
- The United Food and Commercial Workers union says 31,000 of its members are involved in the strikes, which are taking place at several New England Stop & Shop branches.
US home construction slips in March: From the Associated Press: “U.S. home construction slipped 0.3% in March, as housing starts are running below last year’s pace in a sign that inventory could be a challenge for would-be buyers.
“The Commerce Department said Friday that ground breakings last month occurred at a seasonally adjusted annual rate of 1.14 million. So far this year, starts have fallen 9.7%. Builders are pulling back from their construction of single-family houses and apartments, even though the solid job market has provided a base of demand from buyers seeking an upgrade. Nor does the supply squeeze seem likely to end soon as permits, an indicator of future activity, fell 1.7% to an annual rate of 1.27 million.”
GOOD TO KNOW
- Oil refineries will be unable to match previous production levels in preparation for summer travel season, according to a report from Reuters.
- SEC Commissioner Robert Jackson Jr. called on Congress to give the agency more power to monitor risks associated with the leveraged loans market, according to Pensions & Investments.
- Rep. Richard NealRichard Edmund NealDem House chairs: Mueller report ‘does not exonerate the president’ Dems, Trump harden 2020 battle lines on Tax Day On The Money: Five things to watch on first Tax Day under Trump’s law | Trump lawyer disputes Dem reasons for requesting tax returns | Trump struggles to reshape Fed MORE (D-Mass.), chairman of the House Ways and Means Committee, warned that any Brexit deal that undermines Northern Ireland’s 1998 peace agreement could threaten a potential EU-U.S. trade deal.
- CNBC explores why “earnings and data could be proof that slowdown fears were overblown.”
ODDS AND ENDS
- “Medicare for All” has tanked health care stocks, according to the New York Times.
- Uber announced Thursday night that its self-driving car unit received a $1 billion investment ahead of the tech giant’s upcoming debut on the stock market.
- The holding company that formerly owned Kmart and Sears sued Treasury Secretary Steven Mnuchin and other former board members of ESL Investments accusing them of stripping Sears of assets ahead of a bankruptcy filing.