Tipsheet: Biden eyes new path for Fed despite Powell pick

View in your browser     Biden eyes new path for Fed despite Powell pick By Sylvan Lane   President Biden emphasized continuity and bipartisanship when making his picks for the top two positions at the Federal Reserve this week. But his next slate of nominees could establish an enduring left-leaning majority at the central bank. Read the full story here     O'Rourke seizes on Texas power grid in bid against Abbott By Rachel Frazin   Former Rep. Beto O’Rourke (D) is seizing on Texans' concerns over their energy grid following the devastating winter storm earlier this year in his bid to oust Gov. Greg Abbott (R). Read the full story here     Parnell exit threatens to hurt Trump's political clout By Max Greenwood   Republican Sean Parnell’s exit from the hotly contested Senate race in Pennsylvania is the latest development threatening to deal a blow to former President Trump’s political clout as he looks to maintain his grip over the GOP. Read the full story here     Charlottesville rally organizers found liable by jury By Joseph Choi   A jury on Tuesday found the organizers of the deadly 2017 "Unite the Right" rally in Charlottesville, Va., to be liable for violence, awarding millions of dollars in damages. Read the full story here       Jan. 6 panel subpoenas Proud Boys, Oath Keepers and leaders By Rebecca Beitsch   The House committee investigating the Jan. 6 attack on the Capitol is subpoenaing the Proud Boys and the Oath Keepers, going directly after the right-wing groups as well as their leaders. Read the full story here     Former NYC police commissioner to testify before Jan. 6 committee, demands apology By Rebecca Beitsch   Bernard Kerik, a former New York City police commissioner who helped coordinate space for the Trump team’s “war room” at the Willard Hotel, plans to comply with a subpoena from the Jan. 6 committee but is demanding an apology from the panel. Read the full story here     Child becomes 6th fatality in Waukesha parade crash By Sarakshi Rai   An 8-year-old died Tuesday from injuries sustained when an SUV drove through a Christmas parade in Waukesha, Wis., over the weekend, the sixth fatality stemming from the crash. Read the full story here     Kyle Rittenhouse: No money exchanged for Tucker Carlson interview, documentary series By Dominick Mastrangelo   Kyle Rittenhouse, the teenager who was acquitted of murder last week after shooting and killing two people in Kenosha, Wis., during civil unrest there last year, said no money was exchanged between himself or his attorneys and Fox News for a high-profile interview and documentary series with prime-time host Tucker Carlson. Read the full story here     Biden says Americans should 'rest easy' about gas, goods prices this Thanksgiving By Alex Gangitano   President Biden, in Tuesday remarks about the rising costs of goods and gas this Thanksgiving, argued in an optimistic tone that the economy is ready for the holiday rush. Read the full story here     China draws scrutiny over case of tennis star Peng Shuai By Laura Kelly   The disappearance from public view of Chinese tennis champion Peng Shuai and Beijing’s censorship of her accusations of sexual assault are sharpening the focus on China’s handling of human rights as the country prepares to host the upcoming Winter Olympics. Read the full story here     Opinion: Liberal economists got the memo: Build Back Better couldn't possibly worsen inflation By Merrill Matthews   Democrats are on a mission to dispel any notion that massive new government spending in their Build Back Better (BBB) bill will let roaring inflation out of its decades-old cage. And right on que, liberal economist and New York Times columnist Paul Krugman weighs in: “History Says Don’t Panic About Inflation." Read the full story here     Opinion: Why the Senate should kill the Build Back Better bill By Stephen Moore   For those who believe in limited government, fiscal responsibility and the free enterprise system, Friday was one of the most ignominious days in the history of the House of Representatives. The House-passed Build Back Better bill was the fourth multi-trillion-dollar spending package that the Democratic-controlled chamber has enacted in just 12 months. Read the full story here     The Washington Post: White House to nominate new budget director months after Congress rejected Biden’s initial pick By Jeff Stein and Tyler Pager    The White House will on Wednesday nominate Shalanda Young to the position of budget director after months in which the key administration position has gone unfilled, according to three people who spoke on the condition of anonymity ahead of the announcement. Read the full story here     The New York Times: The inflation miscalculation complicating Biden’s agenda By Jim Tankersley   Administration officials blame the Delta variant for a prolonged stretch of consumer spending on goods, rather than services, pushing up prices and creating a conundrum for the Fed. Read the full story here     The Associated Press: Many environmentalists back Biden’s move to tap oil reserve By Matthew Daly   Democrats and climate activists generally supported President Joe Biden’s decision to release a record 50 million barrels of oil from America’s strategic reserve, even as the move appeared to contradict his long-term vision of combating climate change. Read the full story here     The Wall Street Journal: Walgreens, Walmart and CVS pharmacies contributed to opioid epidemic, Ohio jury finds By Kris Maher   Two state counties argued pharmacy chains created public nuisance by enabling opioid crisis. Read the full story here     Reuters: US invites Taiwan to its democracy summit; China angered By Humeyra Pamuk   The Biden administration has invited Taiwan to its "Summit for Democracy" next month, according to a list of participants published on Tuesday, a move that infuriated China, which views the democratically governed island as its territory. 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