Massachusetts

Private equity is a driving force for economic opportunity
New report highlights industry’s growing role in boosting over 25 million U.S. jobs

A new report by Ernst & Young, in partnership with the American Investment Council, offers a previously unreported look at private equity’s growing role in directly supporting nearly 9 million U.S. jobs and its positive contributions to over 17 million more. (Screenshot/American Investment Council/YouTube)

OPINION — Ambitious new programs are central to every presidential campaign, on the right or the left. Whether it’s a border wall or universal health care, voters want to hear what candidates will do and how they intend to pay for it. Of course, the latter part of that question often comes with an unspoken addendum: How will you pay for it — without taxing me?

For some, the answer has been to attack an industry that benefits public-sector pensions, universities and foundations without having to address the consequences of their policy proposals. But what might make for a good stump speech on the campaign trail can ultimately have a very real impact for millions of middle-class American families that stand to benefit most from a vibrant economy. Fortunately, there’s still plenty of time for leading candidates to study the capital flows driving new opportunities for American workers — and none stand out more than private equity.

Trump’s big night in Big D: Three takeaways from ‘overthrow’ rally in Dallas
GOP strategist on white suburban voters: ‘He hasn’t given them much reason to vote for him’

Supporters react as President Donald Trump speaks during a "Keep America Great" campaign rally at American Airlines Center on Thursday in Dallas. (Tom Pennington/Getty Images)

ANALYSIS | Donald Trump walked slowly into the White House just after 1:30 a.m. Friday even more embattled than when he left it some 15 hours earlier. During a rally in Dallas hours before, he dropped the “I-word” (impeachment) just once as he described himself and conservatives as victims of an “overthrow” conspiracy.

Gordon Sondland, the hotelier-turned-ambassador to the European Union, told the House lawmakers leading an impeachment inquiry that he came to realize Trump’s personal attorney, Rudolph Giuliani, likely was trying “to involve Ukrainians, directly or indirectly, in the president’s 2020 re-election campaign.”

Democrats seeking votes in Trump country tout miners’ benefits
As Republicans prepare a coal pension fix proposal, Democrats push for more

Senate Minority Leader Chuck Schumer, center, Sens. Joe Manchin III and Sherrod Brown, right, called for action on Democratic pension proposals this week. (Tom Williams/CQ Roll Call)

Senate Republicans say they’re close to unveiling a plan to address a $66 billion funding shortfall affecting coal miners’ and other union pension plans, an issue Democrats see as advantageous politically and as a possible bargaining chip in trade talks with the Trump administration.

President Donald Trump championed manufacturing and coal industry jobs during his 2016 campaign, including in critical swing states he won like Pennsylvania and Ohio. In the 2020 campaign, Democrats have been touting “broken promises” to workers in those states and others, including more traditional GOP bastions like Kentucky where Senate Majority Leader Mitch McConnell is up for reelection next year. 

Cummings unites lawmakers, for the moment, as impeachment inquiry trudges forward
Probe that late Maryland Democrat helped lead continued with witness depositions Thursday

A memorial for the late House Oversight and Reform Chairman Elijah E. Cummings is seen in the committee’s Rayburn Building hearing room on Thursday. (Tom Williams/CQ Roll Call)

House lawmakers dialed down the partisan rancor, at least for a day, as they honored the life of Rep. Elijah E. Cummings, who died early Thursday at age 68. But the impeachment inquiry, of which the Maryland Democrat was a key leader, is forging ahead.

The investigation into President Donald Trump’s dealings with Ukraine has stoked anger among Republicans who view the probe as illegitimate. Democrats’ frustrations with the president’s conduct and his supporters in Congress are only growing. The death of Cummings, held in deep respect on both sides of the aisle, didn’t put the partisan fighting completely to rest, but it did quell the most inflammatory elements for the moment.

At Dallas rally, embattled Trump calls 2020 a fight for ‘survival of American democracy’
President hauls in $5.5 million in 2020 campaign cash at two Texas fundraisers

President Donald Trump speaks at the 2019 House Republican Conference Member Retreat dinner in Baltimore last month. (Caroline Brehman/CQ Roll Call file photo)

President Donald Trump wasted little time Thursday at a campaign rally in Dallas attacking Democrats leading an impeachment probe against him, saying “Crazy Nancy” and “Shifty Schiff” hate the United States.

“The Democrats have betrayed our country,” he said to cheers, adding the 2020 election is about the “survival of American democracy.”

House Dems move forward with drug pricing bill
Committee approved a new plan that would limit drug prices — a top priority for the party

Rep. Pramila Jayapal speaks with reporters in June. The Washington Democrat proposed an amendment during a markup of a bill designed to limit drug prices Thursday.  (Bill Clark/CQ Roll Call file photo)

A House committee on Thursday approved a Democratic bill designed to limit drug prices, a top priority for the party, as another panel’s debate on the measure was poised to last for hours.

House leaders produced the 141-page bill after months of deliberations among various party factions, as progressives urged their colleagues to be bold despite GOP criticisms that the measure could hamper research into future cures. The bill, numbered HR 3, includes requirements for the Department of Health and Human Services to negotiate Medicare prices for the most expensive drugs, with commercial health plans also having the option of adopting those prices.

Carolyn Maloney to be acting chairwoman of Oversight panel as succession sorted out
Several Democrats likely to vie for gavel of high-profile committee

Rep. Carolyn Maloney, D-N.Y., will serve as acting chairwoman of the Oversight and Reform Committee after the death of Elijah E. Cummings. (Tom Williams/CQ Roll Call file photo)

Rep. Carolyn Maloney will serve as acting chairwoman of the House Committee on Oversight and Reform after Chairman Elijah E. Cummings died Thursday, with House Democrats choosing a formal replacement for Cummings at “a later time,” a senior Democratic leadership aide told CQ Roll Call.

The next leader of the committee will step into a bright spotlight, with the panel conducting multiple investigations into President Donald Trump and his administration and playing a key role in the impeachment process headed by Intelligence Chairman Adam Schiff.

Democrats bow to critics, expand scope of drug price bill
The changes by House Democratic leaders were made to appease progressives who pushed for more aggressive action

Speaker of the House Nancy Pelosi, D-Calif., points to sign that reads “lower drug costs now” as she departs from a press conference at the Capitol in Washington on September 19, 2019. Democratic leaders unveiled changes to Pelosi’s drug pricing bill ahead of markups Thursday. (Caroline Brehman/CQ Roll Call)

House Democratic leaders unveiled changes to Speaker Nancy Pelosi’s drug pricing bill ahead of markups Thursday, seeking to appease progressives who pushed for more aggressive action.

The chamber is expected to vote on the bill this month.

Key takeaways from the latest House and Senate fundraising reports
Reports provide new clues in competitive races

Democrat Mark Kelly once again outraised Arizona GOP Sen. Martha McSally according to recent fundraising reports. (Tom Williams/CQ Roll Call file photo)

When it comes to the battle for Congress, fundraising reports can provide clues about who’s in trouble and who’s mounting a strong campaign.

It’s still early in the 2020 cycle, but an analysis of reports for this year’s third quarter in House and Senate races that Inside Elections with Nathan L. Gonzales rates as competitive sheds new light on where donors in both parties are directing their money. The reports were due by midnight Tuesday.

Rep. Alexandria Ocasio-Cortez to endorse Bernie Sanders for president
Fellow “squad” members, Omar and Tlaib, are also throwing support behind Vermont independent

New York Rep. Alexandria Ocasio-Cortez is expected to endorse Vermont Sen. Bernie Sanders for president. (Tom Williams/CQ Roll Call file photo)

New York Rep. Alexandria Ocasio-Cortez is expected to endorse Vermont Sen. Bernie Sanders for president this weekend, a source with knowledge of the endorsement confirmed Tuesday night.

Sanders also picked up the support of two other House Democratic freshmen. Minnesota Rep. Ilhan Omar endorsed him on Tuesday, while CNN reported that Michigan Rep. Rashida Tlaib would be backing the Vermont independent’s campaign.