Federal Judge Margo Brodie rejected the $30 billion antitrust settlement on June 25, 'The Hill' reports.
.
In March, Visa and Mastercard agreed
to limit interchange fees that retailers
who accept their cards are charged.
.
The companies said they would reduce swipe fees for at least three years by a minimum of 4 basis points.
They also agreed to "cap their fees at 2023 levels
for the next five years," 'The Hill' reports.
.
Retail industry groups criticized the proposed settlement since it would only provide temporary relief to a larger problem.
.
Thankfully, the judge made the right
call in recognizing what a bad deal
this would have been for Main Street
merchants and their customers.
, Christopher Jones, member of the executive committee
of the Merchants Payments Coalition (MPC), via 'The Hill'.
It’s extremely unusual for a judge to
reject a settlement at the preliminary
stage, so this shows how far Visa and
Mastercard’s proposal missed the mark, Christopher Jones, member of the executive committee
of the Merchants Payments Coalition (MPC), via 'The Hill'.
The average swipe fee that retailers
pay is 2.24%, but it can go up to 4%,
according to the National Retail Federation.
The credit card payment market
has been broken for decades.
, The Retail Industry Leaders Association, via 'The Hill'.
Leading retailers are grateful that
Judge Brodie saw through the facade
of the proposed settlement.., The Retail Industry Leaders Association, via 'The Hill'.
... and understood that it would not
provide the meaningful change that is
needed to correct the competitive
imbalance in the interchange ecosystem, The Retail Industry Leaders Association, via 'The Hill'.
Retailers have also called on lawmakers to pass the Credit Card Competition Act.
Supporters claim that the bill would break
up Visa and Mastercard's dominance
and allow for more competition
Biden Won’t Drop Out of Race , After Shaky Debate Performance, Campaign Official Says.
President Biden and former President Trump took part in a debate on June 27.
President Biden and former President Trump took part in a debate on June 27.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
Biden's performance was noticeably concerning. .
One former Biden aide found themselves asking, “What did he just say?
This is crazy,” Politico reports. .
When the president wasn't speaking incoherently, he was standing with his mouth agape and staring into the distance, prompting many Democrats to call for a new presidential candidate, 'The Hill' reports. .
My job right now is to be really honest.
Joe Biden had one thing he had to do
tonight. And he didn’t do it, Former Sen. Claire McCaskill, to MSNBC .
He had one thing he had to accomplish.
And that was reassure America that
he was up to the job at his age.
And he failed at that tonight, Former Sen. Claire McCaskill, to MSNBC .
Biden needs to drop out.
No question about it, Prominent Biden campaign donor, via Politico.
But Seth Schuster, Biden's campaign
spokesperson, said in a text message,
"Of course he's not dropping out," 'The Hill' reports. .
Even though Biden intends to stay in the race,
if things don't go his way, there are six people who
could potentially take his place, 'The Guardian' reports. .
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips
Credit: Wibbitz Top Stories Duration: 01:31Published
Voters Don’t Think Kamala Harris Could Win , an Election as Democratic Nominee, Survey Finds.
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
But what if she received a Democratic presidential candidate nomination?.
According to a Politico/Morning
Consult poll released on June 12, .
only a third of voters think Vice President Harris could win an election as a Democratic presidential nominee, 'The Hill' reports. .
14% of voters thought her chances of becoming president would be very likely.
while 20% think she'd be
only somewhat likely to win.
37% said it's not at all likely
that she would win. .
Meanwhile, 21% said they'd want Harris to be the Democratic nominee if Biden wasn't running.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
Over 40% were unsure or indifferent. .
The poll also determined "that 42%
have a very unfavorable impression" of
both Harris and Biden, 'The Hill' reports
Credit: Wibbitz Top Stories Duration: 01:30Published
Donald Trump Wants , to End Taxes on Tips.
While speaking at a rally in Las Vegas on June 9,
Trump said the "first thing" he'll do if reelected president
is stop tips from being taxed, 'The Hill' reports. .
For those hotel workers and people that
get tips, you’re going to be very happy.
Because when I get to office, we are
going to not charge taxes on tips. , Donald Trump, via statement.
We’re not going to do it, and
we’re going to do that right away,
first thing in office, because it’s
been a point of contention
for years and years and years, Donald Trump, via statement.
And you do a great job of service, you
take care of people and I think it’s going
to be something that really is deserved, Donald Trump, via statement.
Congressional approval would be necessary
to make those changes, 'The Hill' reports.
Trump’s 2017 Tax Cuts and Jobs Cut Act (TCJA) expires next year, .
but if he's reelected and if Republicans
end up with a majority in Congress, .
his previous policies could
easily be extended and amended. .
Trump went on to attack
President Biden's policies on Truth Social.
Trump went on to attack
President Biden's policies on Truth Social.
Crooked Joe Biden has taken the totally
opposite approach, trying to TAX more
and more of their Tips, even hiring
88,000 IRS Agents to collect! , Donald Trump, via Truth Social.
Hopefully Rank and File Union Members,
Union Leadership itself, and Workers all
over the Country, both Union and Non-Union,
will support Donald J. Trump, , Donald Trump, via Truth Social.
... because I’m NO TALK AND ALL ACTION!
TRUMP KEEPS HIS PROMISES, AND STANDS
WITH OUR GREAT WORKERS. PROMISES
MADE, PROMISES KEPT!, Donald Trump, via Truth Social.
Meanwhile, the Culinary Workes Union Local 226 in Las Vegas scoffed at Trump's promises.
Relief is definitely needed for tip earners, but
Nevada workers are smart enough to know the
difference between real solutions and wild
campaign promises from a convicted felon. , Culinary Union Secretary Treasurer Ted Pappageorge, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
‘New York Times’ Poll , Indicates Trouble for Biden.
Donald Trump was found to be "leading in
five out of six swing states," 'The Hill' reports. .
Wisconsin is the only swing
state where Biden is leading.
In 2020, Biden won all six swing states.
The May 13 poll also indicated that support for Biden is dwindling among young voters,
as well as Black and Hispanic voters.
What’s so impressive about this is
polls have historically underestimated
Trump’s support, not overestimated
Trump’s support, Ford O’Connell, a Republican strategist, via 'The Hill'.
And then if you couple this poll
with nearly 100,000 people
showing up in Arctic blue New
Jersey, this is a disaster for Biden, Ford O’Connell, a Republican strategist, via 'The Hill'.
And then if you couple this poll
with nearly 100,000 people
showing up in Arctic blue New
Jersey, this is a disaster for Biden, Ford O’Connell, a Republican strategist, via 'The Hill'.
Biden supporters, however, say that polling conducted this far away from election day should be taken with a grain of salt.
The only consistency in recent
public polls is inconsistency. , Geoff Garin, Biden campaign pollster, via 'The Hill'.
These results need to be weighed against
the 30-plus polls that show Biden up and
gaining — which is exactly why drawing
broad conclusions about the race based
on results from one poll is a mistake. , Geoff Garin, Biden campaign pollster, via 'The Hill'.
The reality is that many voters are not paying
close attention to the election and have not
started making up their minds — a dynamic
also reflected in today’s poll. , Geoff Garin, Biden campaign pollster, via 'The Hill'.
These voters will decide this election,
and only the Biden campaign is doing
the work to win them over, Geoff Garin, Biden campaign pollster, via 'The Hill'
Credit: Wibbitz Top Stories Duration: 01:31Published
In this episode of The Big Question, Mastercard CEO, Michael Miebach, shares his view on the future of payments and whether Europe is prepared for AI cyber threats.
Credit: euronews (in English) Duration: 11:53Published
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