Big credit card news: A Texas district judge granted a preliminary injunction against the Consumer Financial Protection Bureau and its rule to crack down on late fees, blocking it days before going into effect.

Read the order from Judge Pittman here: punchbowl.news/wp-content/upl…

House republicans have added the Israel Security Assistance Support Act to their docket for next week. rules.house.gov/sites/republic…

Jim Simons, legendary hedge fund investor and big-time Democratic donor, has died at 86.

simonsfoundation.org/2024/05/10/sim…

NEWS in Punchbowl News AM

Speaker Mike Johnson NIXED a speech to a joint meeting of Congress with the president of Kenya, who will be in D.C. on a state visit.

Team Johnson says Congress is very busy and joint meetings are time consuming.

MCCAUL and MEEKS both asked for it…

This is the president of GW University house on 20th and F

More action at GW. Large scale protests

NEWS — Kaine/Warner have lifted their hold on the weeklong FAA extension

From a spox:

“Out of concern for the safety of the flying public and in order to provide certainty to air traffic controllers and other essential personnel, Senator Warner and Senator Kaine have lifted…

Sen. Kennedy now predicting an FAA lapse because of these objections. He said the consensus is that a lapse wouldn’t be a huge deal, but lamented:

“When we fix something, sometimes we decide to take it apart and loosen a few screws just to make sure it’s broken again.”

🚨🚨

FWIW. This was the vote when the House last considered DCA expansion in July 2023.

Btw this page has been updated now with this note:

'President Trump has not endorsed in this election cycle but Congressman Good is proud to have endorsed President Trump for Re-Election in 2024'

Confirming this is now seen as the path toward resolving the DMV delegation’s concerns. The new amendment would give the transportation secretary the last word on the DCA slots issue based on the impact to delays at the airport & passenger safety.

Senators in both parties aren’t optimistic about passing the House’s one-week FAA extension before tomorrow night’s deadline. Concern is that giving Kaine/Warner their vote on a DCA slots amendment as part of the larger bill would trigger additional demands. Kaine/Warner are…

.Chuck Schumer speaking on the floor just criticized the Trump tax cuts & cited the new CBO report putting cost of extending law past 2025 at over $4.5 trillion

'The American people don't want tax cuts that overwhelmingly favor the wealthiest few and corporations,' Schumer said

so he'll miss the 1p cloture vote?

☀️ HOW JOHNSON AND MTG BOTH WON -- AND LOST

Speaker Mike Johnson beat back an MTV. But did so with Democrats. And is now being threatened by Trump. One of the least experienced/weakest speakers in modern memory looks weaker than ever.

PLUS more on MTG

punchbowl.news/archive/5924-p…

The other wild thing about this statement is that Trump floats that he may support ousting Speaker Mike Johnson but not now!

'We're not in a position on voting on a motion to vacate. At some point, we may very well be, but this is not the time.'