Progressives hope for more power in narrowly divided Congress
House progressives are poised to wield their growing influence in the new Congress as the Democratic Party settles in to unified control of Washington for the first time in a decade.
“The squad” has returned to Capitol Hill after Reps. Alexandria Ocasio-Cortez, Ilhan Omar and Rashida Tlaib beat back primary challenges, and their ranks have been bolstered by newly-elected progressive Democrats who quickly established national profiles, like Missouri Rep. Cori Bush and New York Rep. Jamaal Bowman.
Democrats now control the White House and hold majorities though narrow in the Senate and the House, where close partisan splits mean the votes of even a relatively small bloc of members will carry significant weight.
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NEW YORK (Reuters) - U.S. Treasury bond yields have been shaken out of hibernation and are back above 1% after hitting record lows last year, on hopes of an economic rebound in the United States.
FILE PHOTO: FILE PHOTO: Janet Yellen, U.S. President-elect Joe Biden s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis/File Photo/File Photo/File Photo
Though they remain historically low, a rapid rise in yields can ripple out throughout other assets, affecting everything from tech stocks to the housing market.
Sen. Bernie Sanders (I-Vt.) says the Democrat-led Congress will have to be "extremely bold in addressing the major crises facing working families and the middle class, and I intend to be very active in that process."
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Editor’s note: This story is part of the Utility Dive Outlook on 2021, a series on the trends that will shape the industry in 2021. For a look at the business trends affecting other industries, see the Dive Outlook on 2021.
The U.S. electric sector’s transition to cleaner generation has been led by states for the past four years, but 2021 is poised to offer stronger actions from the federal level. Under President-elect Joe Biden and a Democrat-led Congress, which will likely lead to the proliferation of battery storage and lower-carbon natural gas generation, among other energy developments, experts say.