Business & Economy
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Business & Economy
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Manchin, Sinema dash Democratic hopes for NLRB
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Sens. Kyrsten Sinema (I-Ariz.) and Joe Manchin (I-W.Va.) on Wednesday joined almost every Senate Republican in voting to block Lauren McFerran’s renomination to the National Labor Relations Board (NLRB).
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Reconfirming McFerran would have locked in a Democratic advantage on the NLRB. Her term is up next week.
Including McFerran, the board sits at three Democrats and one Republican, with one GOP vacancy.
Trump and Republicans will now have the ability to confirm two nominees to the board, giving them a one-seat advantage at that time.
The news will have major repercussions for big business and labor unions, as the board has a major say in settling disputes between those two parties.
“It is deeply disappointing, a direct attack on working people, and incredibly troubling that this highly qualified nominee — with a proven track record of protecting worker rights — did not have the votes,” Senate Majority Leader Chuck Schumer (D-N.Y.) said.
The Hill's Al Weaver has the story here.
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Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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The Biden administration will double tariffs on certain solar panel components that are made in China, it announced Wednesday.
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Senate Majority Leader Chuck Schumer (D-N.Y.) said Wednesday he’s “doing everything” he can to try to pass legislation that would enact some Social Security before Congress ushers in a new class next month.
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President-elect Trump will ring the opening bell at the New York Stock Exchange (NYSE) in New York on Thursday, a source familiar with the plans confirmed.
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Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank.
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Upcoming news themes and events we're watching:
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The producer price index (PPI) for November comes out Thursday morning at 8:30 a.m. ET.
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Branch out with more stories from the day:
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NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation …
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Business and economic news we've flagged from other outlets:
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Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000 (CNBC)
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Seismic Political Shifts Are Likely to Continue (The New York Times)
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Elon Musk becomes the first person to reach a net worth of $400 billion (CNN)
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Top stories on The Hill right now:
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A disputed handshake is at the center of a Tuesday incident involving Rep. Nancy Mace (R-S.C.) that resulted in an Illinois man’s arrest, according to a police report and a witness who spoke to The Hill. Read more
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Reports of drone sightings in New Jersey have rattled Garden State residents in recent days, with Gov. Phil Murphy (D) saying on Monday that he is taking them “deadly seriously.” Read more
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Opinion related to business and economic issues submitted to The Hill:
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You're all caught up. See you tomorrow!
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Save story
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The National Labor Relations Board’s case against the Netflix hit could have ripple effects across the reality TV industry.
The New York Times - 14m
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Politico - 8h
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The Labor Department investigation focuses on a plant in Aurora, Ill., operated by Factor75, a meal kit delivery company that HelloFresh acquired in 2020.
The New York Times - 2d
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The Senate on Wednesday blocked Lauren McFerran's renomination to the National Labor Relations Board (NLRB), opening the door for Republican control of the board starting next year under ...
The Hill - 7h
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West Virginia Sen. Joe Manchin (I) and Vermont Sen. Peter Welch (D) have introduced a resolution to impose 18-year term limits on Supreme Court justices, which would require some turnover on the ...
The Hill - 2d
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The Red Bulls will play the LA Galaxy in Saturday's MLS Cup final
CBS Sports - 5d
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Sen. Joe Manchin (I-W.Va.) is set to give his final remarks from the Senate floor on Tuesday afternoon. Manchin, who announced just over a year ago that he would not seek reelection, has held his ...
The Hill - Dec. 3
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Sen. Joe Manchin (I-W.Va.) said Monday in an interview with CNN that President Biden should pardon President-elect Trump. "What I would have done differently, and my recommendation as a counsel ...
The Hill - Dec. 3
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Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump Labor pick stirs business concerns Rep. Lori Chavez-DeRemer (R-Ore.), ...
The Hill - Dec. 2
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