Banking and Finance

Tennessee Republicans Prepare for Another Senate Primary
Field will grow if Bob Corker retires; Blackburn and Fincher could run

Tennessee Sen. Bob Corker is facing at least one primary challenger, with a few more looking at getting in the race. (Bill Clark/CQ Roll Call)

When Tennessee Sen. Bob Corker asked President Donald Trump to campaign for Alabama Sen. Luther Strange ahead of next week’s Senate Republican runoff, he might have had a little self-preservation in mind. 

A win by Roy Moore, the controversial former Alabama Supreme Court chief justice, would throw a wrench into the deliberative body in which the moderate Tennessee Republican serves. But a Moore victory could also embolden primary challengers to other sitting senators, like Corker.

An Immigrant’s Path to Congress: Ruben Kihuen’s First Year in Photos
Roll Call looks at the Nevada Democrat’s journey from the campaign trail to D.C.

OCT. 19, 2016: Ruben Kihuen, then a Democratic candidate for Nevada’s 4th District, shakes hands with demonstrators in front of the Trump International Hotel Las Vegas during the Culinary Union’s Wall of Taco Trucks protest — the day of the final presidential debate. (Bill Clark/CQ Roll Call File Photo)

Every two years, a new crop of freshmen descends on Washington and every two years, Roll Call follows one such member through their first year. 

For the 2016 election, Nevada Rep. Ruben Kihuen was one of only several Democrats to unseat a House Republican. His story is similar to those of millions of Americans — his family came to the U.S. seeking a better life — but on Nov. 8, 2016, he became the first formerly undocumented person to be elected to Congress (along with New York Democratic Rep. Adriano Espaillat, who was elected the same day). Born in Guadalajara, Mexico, Kihuen’s dreams of playing professional soccer were dashed by an untimely injury. It was then that he turned his attention to politics. 

Trump Encouraged Corker to Seek Another Term, Despite Recent Friction
Tennessee senator to decide legislative future ‘very, very soon’

Sen. Bob Corker, R-Tenn., was encouraged to run for re-election by President Donald Trump in a face-to-face meeting last Friday. (Bill Clark/CQ Roll Call)

President Donald Trump encouraged Sen. Bob Corker to seek a third term in a face-to-face meeting last week even though the two butted heads throughout August and September, the Tennessean reported Monday.

The Tennessee Republican has asked multiple members of the GOP brass, including the president and Senate Majority Leader Mitch McConnell, for advice as he weighs whether to re-up for another term or return to the private sector, where he was a construction and real estate titan before entering public service.

Lawmakers Push Broad Review of Equifax Security
Democrats cite precedence of reaction to OPM data breach

Ohio Sen. Sherrod Brown wants Equifax to offer 10 years of free credit monitoring to those affected by the breach. (Tom Williams/CQ Roll Call file photo)

Lawmakers are responding to credit-reporting company Equifax’s loss of data on up to 143 million customers with a flurry of proposed legislation, demands for explanations, hearings and calls for regulators to investigate.

Democrats are leading the charge on legislation and investigations while Republicans join in with demands for an explanation from the company and with plans to hold hearings. Members of both parties are seeking details of Equifax’s work for government agencies. Democrats are also trying to pressure Republicans to be at least as tough on Equifax as they were with a government agency that suffered its own breach.

314 Action Hopes to be the ‘EMILY’s List for Scientists’
Endorsements come with PAC check and potential IE investments

314 Action is rolling out four more endorsements of Democratic challengers Monday. The organization has already backed Nevada Rep. Jacky Rosen’s Senate bid.  (Bill Clark/CQ Roll Call File Photo)

An organization dedicated to electing scientists and STEM professionals is endorsing four more Democratic House challengers Monday.

Monday’s congressional endorsements — part of a broader rollout of state and local candidates – comes in traditionally GOP seats, two of which may look more competitive for Democrats in 2018, while two others still look more challenging to flip.

Record Gains by Latinos Contradict Narrative
Trump’s 2016 victory overshadowed congressional victories

From left, Reps. Adriano Espaillat of New York and Ruben Kihuen of Nevada are the first formerly undocumented members of Congress. Also seen, Reps. Michelle Lujan Grisham of New Mexico, right, and Gwen Moore of Wisconsin, second from left. (Bill Clark/CQ Roll Call)

President Donald Trump’s victory last year was widely understood to challenge predictions of a coming surge in Democratic-leaning Latino voters that would forever alter the American electorate. 

But as Latino political leaders kick off National Hispanic Heritage Month this week, some are pointing to Congress to argue that Trump’s win was an anomaly. 

Opinion: Dancing With the Democrats Will Not Save Trump
Long-term consequences of president’s actions will catch up with him

President Donald Trump would remain a reprehensible president even if he were to permanently move from the nationalistic right to the progressive left, Walter Shapiro writes. (Alex Wong/Getty Images)

Memo to the Democrats: Figure out how far Donald Trump is willing to travel on the ground before he gets bored and restless. Whatever the number is for our short-attention-span president (maybe a mile by golf cart and 10 miles by limousine), the Democrats should agree to build a border wall of precisely that length.

Consider it a Potemkin Wall.

Congress May Need to Throw a Lifeline to Flood Insurance Program
Money running out because of season’s hurricanes

Homeowner James Wade removed damaged items on Wednesday as floodwaters from Hurricane Irma receded in Middleburg, Florida. Flooding in town from Black Creek topped the previous high water mark by about seven feet and water entered the second story of Wade's home. (Photo by Sean Rayford/Getty Images)

Congress may have to act to prevent a federal flood insurance program that is already $24.6 billion in debt from running out of money because of flooding caused by this season’s hurricanes.

The National Flood Insurance Program is likely to lack sufficient funds to pay out all flood damage claims caused by Hurricane Harvey in Texas, according to estimates by the Federal Emergency Management Agency, which administers the program.

Report: Former Challenger to Admit He Took Payment From Brady Campaign
Former challenger will plead guilty to hiding $90,000 payment

An attorney for Rep. Robert Brady, D-Pa., disputed that Brady’s campaign paid off an opponent to drop out of their 2012 race. (Bill Clark/CQ Roll Call file photo)

GOP Gears Up for Primary in Wisconsin Senate Race
Candidates already battling over conservative bona fides

Donald Trump supporters at a campaign rally in Janesville, Wis., in March 2016 (Bill Clark/CQ Roll Call File Photo)

A Republican primary is officially underway in the Wisconsin Senate race, with candidates facing off over who should take on Democratic Sen. Tammy Baldwin next year.

President Donald Trump won the Badger State by less than one point in November, the first time a Republican presidential nominee had won Wisconsin in more than 30 years. GOP Sen. Ron Johnson also ran 2 points ahead of Trump in winning a second term.