Banking and Finance

Conor Lamb Helps Democrats Raise Campaign Cash
Pennsylvania special election results spurs fundraising pitches

A supporter holds up a lamb cutout before Conor Lamb, Democratic congressional candidate for Pennsylvania's 18th district, spoke to supporters at an election night rally March 14, 2018 in Canonsburg, Pennsylvania. (Drew Angerer/Getty Images)

Democratic candidates and liberal organizations are seeking to capitalize on Conor Lamb’s apparent win in Pennsylvania, invoking his name in fundraising pitches nationwide.

House Minority Leader Nancy Pelosi and other lawmakers from Michigan to Nevada, along with groups focused on everything from political money to Social Security, are trying to seize momentum from Lamb’s showing in Tuesday’s special election to help them woo donors and to validate their policy views.

Special Election Possible for Louise Slaughter’s Seat
Power to set the date of election lies with New York’s Democratic governor

It is not immediately clear if or when a special election for the seat of the late New York Rep. Louise M. Slaughter might take place. (Bill Clark/CQ Roll Call)

A special election is possible to replace Rep. Louise Slaughter, who died Friday after suffering a concussion last week. New York state law gives Democratic Gov. Andrew Cuomo discretion over when to call such an election.

There is no set amount of time by which a governor has to announce a special election after the vacancy occurs. But once the governor does so, the election date must be between 70 and 80 days after the proclamation.

'Phase Two' of Tax Cuts? What Is Trump Talking About?
GOP source: Lighthearted or not, president's idea is going nowhere

President Donald Trump greets mostly Republican members after addressing a joint session of Congress in February 2017 as House Ways and Means Chairman Kevin Brady (clapping) looks on. Democrats were quick to exit the floor. (Tom Williams/CQ Roll Call)

A second Republican-crafted tax overhaul bill? In a highly competitive midterm election year? President Donald Trump keeps suggesting Republican lawmakers should do just that.

Trump and Republicans late last year relished his lone legislative feat, a tax bill that slashed rates while also opening new Arctic oil drilling and nixing Barack Obama’s individual health insurance requirement. He threw a celebration party with all congressional Republicans on the White House’s South Portico and insisted on signing the bill into law several days early in a hastily arranged Oval Office session.

At the Races: Keystone State Nail-Biter
Our weekly newsletter on congressional campaigns


Mark Your Calendars: The second congressional primaries in the country are in Illinois on Tuesday. Democrats are targeting four GOP-held seats in the state, where EMILY’s List has played an early, influential role backing candidates it thinks will be viable in the general election. But the Prairie State primary that’s received the most attention is actually in a solid Democratic seat. EMILY’s List is involved in this race too (although it took a while for the group to endorse), and it’s quickly become a flashpoint in the fight over the identity of the Democratic Party. On one side is first-time candidate Marie Newman, who’s backed by Vermont Sen. Bernie Sanders (who carried the 3rd District in 2016), two members of the Illinois delegation (pictured above), New York Sen. Kirsten Gillibrand, SEIU and a coalition of reproductive rights and progressive groups.

Plenty of Pitfalls for Hill Staffers Doing Campaign Work
Lines between official and campaign time can be murky

Staffers doing campaign work have to make sure they’re not doing it on government time. But there’s no set way to keep track of that time. (Bill Clark/CQ Roll Call file photo)

With campaign season here, Hill staffers are likely to find their duties expanding with election-related tasks.

Press secretaries and senior staff doing paid or volunteer campaign work routinely flock to nearby coffee shops with their personal laptops to send campaign press releases or go on walks to take reporters’ calls about their boss’s re-election. Campaign work has to be done on staffers’ own time, off government property.

Senate Passes Bank Deregulation Bill, House May Seek Additions
More than a dozen Democratic senators joined all Republicans

Senate Banking Chairman Michael D. Crapo sponsored the measure that would ease regulations on all but the biggest banks. (Tom Williams/CQ Roll Call file photo)

The Senate voted Wednesday to pass a bill that would be the biggest bank deregulation since 1999 and would roll back parts of the 2010 Dodd-Frank financial overhaul.

More than a dozen Democrats joined the Republicans to pass the bill, sending it to the House, where conservative Republicans may seek to attach further provisions to roll back the 2010 law. Republicans will be trying to straddle the line between the extensive reversal of bank regulation that they seek and keeping on board the Senate Democrats who will be needed to clear the measure.

Chris McDaniel Will Run for Cochran Seat in Special Election
McDaniel had already launched a primary challenge to Roger Wicker

Chris McDaniel, Republican candidate for Mississippi Senate, speaks with patrons of Jean’s Restaurant in Meridian, Miss., May 29, 2014. (Tom Williams/CQ Roll Call)

Mississippi state Sen. Chris McDaniel announced Wednesday he will switch from challenging GOP Sen. Roger Wicker in a primary to running in the November special election for resigning Sen. Thad Cochran’s seat. 

“By announcing early, we are asking Mississippi Republicans to unite around my candidacy and avoid another contentious contest among GOP members that would only improve the Democrats’ chances of winning the open seat,” McDaniel said in a statement, alluding to Republicans’ loss in an Alabama special election late last year. 

35th PAC Boosting Morrisey with Digital and Mail in West Virginia
Super PAC attacks Jenkins for being “liberal Democrat”

35th PAC is supporting West Virginia Attorney General Patrick Morrisey in the GOP primary for West Virginia Senate. (Tom Williams/CQ Roll Call file photo)

A super PAC supporting West Virginia Attorney General Patrick Morrisey in the GOP Senate primary is pouring money into mail and digital efforts ahead of the May 8 primary. 

Morrisey is competing against Rep. Evan Jenkins and former Massey Energy CEO Don Blankenship to take on Democratic Sen. Joe Manchin in November. 

Republicans Downplay Pennsylvania Race, But Note Tough Road Ahead
GOP huddled Wednesday to discuss the special election

Rep. Steve Stivers, R-Ohio, chairs the NRCC and addressed the conference Wednesday morning. (Bill Clark/CQ Roll Call file photo)

Republicans downplayed Tuesday’s special election in Pennsylvania, where a Democrat is poised to win in a solidly GOP district. But it’s another reminder of the tough midterm election cycle ahead, they said.

The race in Pennsylvania’s 18th District had still not been called late Wednesday morning. Democrat Conor Lamb currently leads GOP state Rep. Rick Saccone by 627 votes in a district President Donald Trump carried by 20 points in 2016. Republicans were bracing for a loss in the final days of the race and were already placing blame on Saccone’s lackluster fundraising.

16 Thoughts Without Even Knowing Who Won in Pennsylvania
Inside Elections’ Nathan Gonzales gives decisive takeaways from an undecided contest

Tuesday’s special election in Pennsylvania’s 18th District between Republican Rick Saccone, left, and Democrat Conor Lamb was too close to call. (Drew Angerer/Getty Images)

The special election race for Pennsylvania’s 18th District is too close to call, but many of the takeaways are the same, no matter whether Democrat Conor Lamb or Republican Rick Saccone ultimately prevails.

There will be plenty of hot takes on the impact of President Donald Trump on the race. But I think there’s one undeniable truth: If President Hillary Clinton were sitting in the White House, Republicans wouldn’t have been sweating this race. If blaming their nominee helps Republicans sleep at night, then so be it.