GOP leaders blast Pelosi for elevating freshman rep with history of anti-Israel remarks

Rep. Ilhan Omar under fire for pushing allegations that Sen. Lindsey Graham is being blackmailed into supporting Trump Critics accuse U.S. Representative Ilhan Omar (D-MN) of pushing baseless allegations that Senator Lindsey Graham (R-SC) is somehow being blackmailed into supporting President Trump. A series of top Republicans on Thursday condemned the decision by Democratic leaders to elevate Minnesota Democratic Rep. Ilhan Omar to […]

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PG&E restructuring highlights arcane California legal rule

(Reuters) – PG&E Corp’s (PCG.N) chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 billion the company expects to face from recent blazes. The doctrine, known as “inverse condemnation,” exposes California utilities […]

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CEO exits as PG&E faces fire liabilities, bankruptcy preparations

(Reuters) – PG&E Corp PGC.N Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations. Williams, who took the helm of the provider of electricity and natural gas to millions of […]

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CEO exits as PG&E faces fire liabilities, bankruptcy preparations

(Reuters) – PG&E Corp PGC.N Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations. Williams, who took the helm of the provider of electricity and natural gas to millions of […]

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Moody's lowers PG&E's credit rating to junk, joins S&P

(Reuters) – Moody’s on Thursday joined S&P in lowering PG&E Corp’s (PCG.N) credit rating deeper into junk territory, citing a challenging environment for the California power provider as it faces billions of dollars in liabilities related to wildfires. Moody’s, which cut PG&E’s rating to B2 from Baa3, said access to capital has become more uncertain for the company. The downgrade […]

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Trump can’t declare national emergency to build border wall: Judge Napolitano

Trump can’t declare national emergency over border wall funding, Judge Napolitano says Fox News senior judicial analyst Judge Andrew Napolitano on President Trump’s threat to declare a national emergency to build a border wall. President Trump is looking for ways to get his wall on the southern border built, but Fox News senior judicial analyst Judge Andrew Napolitano said he […]

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Sears deadline expires: Will Eddie Lampert’s last-minute offer avoid liquidation?

A crucial deadline in the Sears bankruptcy came and went Friday as the retailer’s future hangs in the balance, casting further doubt about the company’s ability to survive and placing about 50,000 workers at risk of losing their jobs. The fate of Sears and Kmart may rest on an offer by the company’s chairman, largest investor and former CEO to acquire […]

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House Dems move to eliminate Electoral College, limit presidential pardon power and more in first days back

Pelosi returns to White House as House speaker for a second meeting with President Trump on border security funding With their party in control, several House Democrats forged ahead this week with legislation aimed at changing future presidential elections or curtailing the commander in chief’s power. Articles of impeachment and a move to end the ongoing partial government shutdown – […]

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