Many lawmakers named in writings of suspected Minnesota shooter vow not to bow down
From a legislator in downtown Minneapolis to a veteran Ohio congresswoman, many lawmakers included in the suspected Minnesota gunman's writings and list of targets have vowed not to bow down.
Vance Boelter , 57, was charged with federal murder and stalking, along with state charges, following a nearly two-day search that culminated in his capture in the woods near his home.
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CBS News
8 minutes ago
- CBS News
Amid potential SEPTA cuts, Pennsylvania House passes funding for mass transit
Amid SEPTA potentially slashing service and raising fares, the Pennsylvania House passed legislation Tuesday that would provide nearly $300 million to fund mass transit in the state, Gov. Josh Shapiro's office announced. It passed with a bipartisan 107-96 vote and will now head to the state Senate. The proposal includes $292 million in new funding for mass transit in Shapiro's 2025-26 budget, and it will also address road and bridge repairs in Pennsylvania, according to a news release. "My proposal to fund mass transit just passed the PA House for the fourth time," Shapiro said in a statement. "This bipartisan bill injects critical dollars into public transit across Pennsylvania and adds new funding to repair roads and bridges — because folks rely on both to get where they need to go. It's time for the Senate to get this funding done in this year's budget." The legislation would generate $1.5 billion over five years to support 52 transit systems in Pennsylvania and create new jobs, according to a news release. In a statement, a SEPTA spokesperson said that the transportation agency was "encouraged" by Tuesday's vote. "This is an important step, and we are grateful for the tireless efforts of our legislative delegation to advance this vital legislation," the spokesperson said in part. "We look forward to continuing to work with Gov. Shapiro and all members of the Pennsylvania Senate and House to ensure that SEPTA and transit agencies across Pennsylvania have the resources to maintain critical service." Rep. Ben Waxman, a Democrat who represents Center City and South Philadelphia, said he voted yes on Tuesday's bill. "I just voted yes on a bill to fund SEPTA and public transit through the Governor's sales tax reallocation plan," he wrote on X. "It's not final yet, but we're building momentum. Last session, we passed three transit funding bills that all died in the Senate. This time, we're getting it done. The vote comes as SEPTA faces a $213 million funding gap in new fiscal year, which begins on July 1." Earlier this year, SEPTA announced the potential for service cuts, including the elimination of 50 bus routes and five Regional Rail train lines, and a 21.5% fare hike as it stares down a $213 million deficit. The cuts would also close 66 stations, and a 9 p.m. curfew would be in place at SEPTA metro stations, which include subways and trolleys. As the shortfall looms, riders said the potential cuts would be life-altering for the Philadelphia region.
New York Times
8 minutes ago
- New York Times
Senate Passes Cryptocurrency Bill, Handing Industry a Victory
The Senate on Tuesday passed legislation to establish a regulatory framework for stablecoins, putting the cryptocurrency industry, which had long been viewed with suspicion by lawmakers in Washington, on the brink of a major policy breakthrough. Bipartisan approval of the bill, known as the GENIUS Act, followed an aggressive lobbying campaign aimed at transforming the cryptocurrency industry's image from scandal-plagued experiment to legitimate financial sector. Senate passage came over the fierce objections of many Democrats, who warned that the measure lacked strict-enough regulations or oversight to prevent abuses, including anti-corruption rules that would bar President Trump and his family from continuing to profit from cryptocurrency. The bill still must be passed by the House and signed by the president. But the 68-30 vote in the Senate marked the first time the chamber has approved major cryptocurrency legislation. It represented a significant step toward giving the industry what it has long sought from Washington: the credibility that comes with federal oversight. Stablecoins, a type of digital currency tied to the value of the U.S. dollar, are often seen as comparatively reliable types of cryptocurrency. These cryptocurrencies are designed to avoid the wild fluctuations in value of some popular coins like Bitcoin, making them something of a bridge to the world of traditional currency. Senator Bill Hagerty, Republican of Tennessee and the bill's lead sponsor, said the legislation would be a significant step toward breaking down the barriers between traditional financial markets and decentralized markets. He said it would help bring the country's financial system into the modern era. Want all of The Times? Subscribe.
USA Today
10 minutes ago
- USA Today
Senate passes landmark crypto legislation with bipartisan support
Senate passes landmark crypto legislation with bipartisan support The bill to regulate stablecoins represents a win for the cryptocurrency industry. A House vote is next before President Trump can sign it into law. Show Caption Hide Caption What will David Sacks do as AI and crypto czar? President-elect Donald Trump said the AI and crypto czar will reform U.S. policy on digital currency. WASHINGTON – A landmark bill to regulate cryptocurrency passed the Senate on June 17, creating a path for digital assets to go mainstream and representing a big win for an industry that spent heavily to get President Donald Trump elected. The 68-30 vote reflects a major victory for the crypto industry, which has been aggressively lobbying Congress on the legislation. The bill next must be approved by the Republican-led House before Trump can sign it into law. Its passage also marks a turnaround from May, when Democrats who had supported the bill blocked it over concerns about Trump's connections to the industry. World Liberty Financial, a crypto venture linked to Trump that has already brought in more than $53 million, has launched USD1, a U.S. dollar-backed stablecoin. Trump also held a dinner late last month for the top purchasers of the $TRUMP meme coin, owned by an affiliate of The Trump Organization. More: Trump brought in $57 million from crypto venture, millions from sneakers and bibles The bill, dubbed the GENIUS Act, would create a framework to regulate stablecoins. Stablecoins are a type of cryptocurrency that are tied to the value of another asset, like the U.S. dollar. Comparatively, most cryptocurrency fluctuates based on market valuation, like Bitcoin and Ethereum. "Digital assets are a force for good," said Sen. Cynthia Lummis, R-Wyoming, who has been a vocal advocate for the bill. "This legislation is also about economic security and opportunity... it ensures American consumers and businesses can participate in the digital economy with confidence and security." The bill would create new guardrails for the industry, including requiring companies to hold a reserve of assets so stablecoin holders could always cash out, just like banks. It would also bar members of Congress or senior executive branch officials from "issuing a payment stablecoin product during their time in public service." A vocal contingent of Democrats have opposed the legislation, arguing it does not do enough to regulate the industry and would directly benefit Trump, whose family business is already profiting from cryptocurrency. "There is nothing in the GENIUS Act to stop this corruption. In fact, the Senate bill would accelerate the corruption," Sen. Elizabeth Warren, D-Massachusetts, said on the Senate floor on June 11. "It would make Trump the regulator of his own financial company and, importantly, the regulator of his competitors." Medora Lee contributed.
