Latest news with #MikeLevin
Forbes
3 days ago
- Business
- Forbes
'People Will Die': Mike Levin Sounds The Alarm On Trump's 'Deeply Irresponsible' Big Beautiful Bill
On "Forbes Newsroom," Congressman Mike Levin (D-CA) explained why he voted against President Donald Trump's "big, beautiful bill," as well as what changes he hopes the Senate makes to the legislation. Watch the full interview above.
Yahoo
24-05-2025
- Business
- Yahoo
GOP budget plan, dubbed the ‘Big, Beautiful Bill,' ignites debate on debt and financial stability
(FOX 5/KUSI) — The Republican budget plan, dubbed the 'big, beautiful bil,l' passed the House of Representatives by a single vote. The 1,000-page, multi-trillion-dollar budget proposes deep cuts to services and tax cuts across the board, but economists fear the GOP and Trump's tax plan stacks even more debt onto future generations. 'When you factor the spending cuts, we will be adding $3.2 trillion to the national debt over the next 10 years,' said Professor Alan Gin from the Knauss School of Business at USD. Gin has been digging through the Warton School of Business's analysis of the bill, and he worries the interest payments could threaten the stability of the US financial system. 'So far, we've been able to get loans to cover the excess. The worry is will people keep funding us then to continue the deficit spending,' Gin said. 'They are taking away people's health care and they are taking people's food,' said Congressman Mike Levin, who represents California's 49th District. FOX 5/KUSI reached out to a supporter of the bill, Republican Congressman Darrell Issa, but he was unable to comment. Levin voted against the bill, along with every Democrat in the House. 'The president ran on populism, he ran on no cuts to Medicaid and Medicare, and that's the exact opposite of what's happening. We are seeing massive cuts and it's going to benefit his rich donors,' said Levin. Levin said the bill is unlike any other he has ever seen during his time in the House. Now, the Senate will consider the bill. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Politics
- Yahoo
Congressman requests federal funds for surveillance towers to boost maritime border security in San Diego
SAN DIEGO (FOX 5/KUSI) — As Coast Guard interdictions off the coast of San Diego continue, a local lawmaker is asking Congress for federal funds to build autonomous surveillance towers in an effort to curb future boat smuggling incidents. Rep. Mike Levin held a news conference on Monday where he announced he is asking Congress for $60 million in federal funding to purchase autonomous surveillance towers (ASTs) for the maritime borders along the San Diego County coastline that would be equipped with cameras, radar and infrared technology to identify and help intercept maritime threats, like migrant smuggling. Trump administration has deported 38,000 Mexicans Rep. Levin also called for U.S. Customs and Border Protection, in consultation with the Coast Guard, to better detail to Congress their personnel and equipment needs. Just in the past few weeks in San Diego County, three separate boats were intercepted carrying suspected undocumented migrants in the same weekend off the coast of San Diego, as well as an incident at Torrey Pines State Beach where three people died, several were injured and a child remains missing at sea. Five people were charged in San Diego federal court in connection with that smuggling attempt. Coast Guard ship fires at suspected migrant boat during high-speed chase in San Diego Bay In early February, a 57-year-old woman died after a suspected smuggling boat capsized off the coast of Ocean Beach. 'I'm grateful to the brave first responders and law enforcement who responded swiftly to last week's incident,' said Rep. Mike Levin. 'This incident makes it abundantly clear we need bipartisan reform to fix our broken immigration system. That's why I'm doing everything I can to obtain funding, resources, and technology to secure our maritime borders, which is critically important in reducing drug and human trafficking. I'm working with my colleagues on both sides of the aisle to do everything I can to advance common sense reforms and ensure our coastal borders are protected.' US Coast Guard 'tripled' personnel to prevent maritime human smuggling Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Forbes
01-05-2025
- Business
- Forbes
'Chaos, Dysfunction, And Extremism': Mike Levin Absolutely Condemns Trump's First 100 Days In Office
On "Forbes Newsroom," Rep. Mike Levin (D-Calif.) gave his unvarnished take on President Trump's first 100 days in office, the sweeping tariffs that have many afraid for the economy, the GOP budget bill, why he supports a ban on lawmakers trading individual stocks, and more. Watch the full interview above.
New York Times
10-04-2025
- Business
- New York Times
Trump's Encouragement of Stock Investors Draws Scrutiny
President Trump began his Wednesday with some advice for those rattled by his steep tariffs. 'BE COOL,' Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, 'THIS IS A GREAT TIME TO BUY!!!' Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90 days. The S&P 500 climbed several percentage points in a matter of minutes and was on its way to its best day since the recovery of the 2008 financial crisis. Soon after Mr. Trump's pause, Democrats and government ethics experts asked the perhaps obvious question: Did Mr. Trump give the green light to his followers to cash in on a forthcoming rise in stock prices? 'How is this not market manipulation?' Representative Mike Levin, Democrat of California, said on social media, referring to action that is potentially illegal. 'If you're a Trump supporter and you did what he said and you bought, then you did great. On the other hand, if you're a retiree or a senior or somebody in the middle class over the last few days that didn't have the tolerance for risk and you decided to sell, you got screwed.' The news of Mr. Trump's pause came as Jamieson Greer, the U.S. trade representative, was testifying on Capitol Hill. Representative Steven Horsford, Democrat of Nevada, pressed him on Mr. Trump's aim. 'It's not market manipulation,' Mr. Greer said. 'We're trying to reset the global trading system.' 'How have you achieved any of that?' Mr. Horsford asked. 'So if it's not market manipulation, what is it? Who's benefiting? What billionaire just got richer?' Want all of The Times? Subscribe.
