On The Money: Neera Tanden's nomination in peril after three GOP noes | Trump rages after SCOTUS rules on financial records

On The Money: Neera Tanden's nomination in peril after three GOP noes | Trump rages after SCOTUS rules on financial records
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Happy Monday and welcome back to On The Money, where we’re reminding you to Never Tweet. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.

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THE BIG DEAL—BREAKING: Tanden's path to confirmation looks increasingly untenable: Neera TandenNeera TandenThe Memo: Biden faces first major setback as Tanden teeters On The Money: Manhattan DA obtains Trump tax returns | Biden nominee previews post-Trump trade agenda | Biden faces first setback as Tanden teeters Washington Post denounces abuse of reporter MORE needed a big break in favor after Sen. Joe ManchinJoseph (Joe) ManchinMinimum wage setback revives progressive calls to nix Senate filibuster Biden 'disappointed' in Senate parliamentarian ruling but 'respects' decision House Democrats to keep minimum wage hike in COVID-19 relief bill for Friday vote MORE (D-W.V.) announced Friday he would vote no on her nomination as White House budget chief. Instead the dam of opposition broke, leaving Tanden short of the support she needs to become director of the Office of Management and Budget (OMB).

GOP Sens. Susan CollinsSusan Margaret CollinsHouse passes sweeping protections for LGBTQ people Grassley to vote against Tanden nomination Klain on Manchin's objection to Neera Tanden: He 'doesn't answer to us at the White House' MORE (Maine), Mitt RomneyWillard (Mitt) Mitt RomneyGrassley to vote against Tanden nomination The Hill's Morning Report - Presented by The AIDS Institute - Ahead: One-shot vax, easing restrictions, fiscal help Haley isolated after Trump fallout MORE (Utah) and Rob PortmanRobert (Rob) Jones PortmanGrassley to vote against Tanden nomination Murkowski undecided on Tanden as nomination in limbo Biden signs supply chain order after 'positive' meeting with lawmakers MORE (Ohio) joined Manchin (D-W.V.) in opposing Tanden’s nomination, seemingly leaving her at least one vote short for a confirmation. 

Why Tanden is in trouble: 

  • Biden needs one Republican in the narrowly Democrat-controlled Senate to vote in favor of Tanden’s confirmation. 
  • But on Monday, Collins, Romney and Portman—three of the most likely possible votes— said they would not back her, citing inflammatory tweets.
  • While the White House has publicly backed Tanden, officials are already considering backup plans.

The Hill’s Brett Samuels and Morgan Chalfant have the latest here.

Where her nomination stands: Without Collins or Romney, there are only a few moderate Republicans who might vote to support her. It’s also not clear Manchin will be the only Democrat to oppose her.

Sen. Kyrsten Sinema (D-Ariz.), another moderate, and Sen. Bernie SandersBernie SandersHouse Democrats to keep minimum wage hike in COVID-19 relief bill for Friday vote Sanders slams parliamentarian decision on minimum wage Parliamentarian nixes minimum wage hike in coronavirus bill MORE (I-Vt.), who was the subject of critical Tanden tweets, are among those who have not said whether they will support the nominee.


Yikes: Portman, the top Republican on the Homeland Security committee, said just before announcing his opposition to Tanden that nobody from the White House has reached out to try and convince him to vote for her. That panel is one of two committees that need to approve the OMB director nomination before it goes to the Senate floor.



Supreme Court declines to shield Trump's tax returns from Manhattan DA: The Supreme Court on Monday rebuffed a bid by former President TrumpDonald TrumpDonald Trump Jr. calls Bruce Springsteen's dropped charges 'liberal privilege' Schiff sees challenges for intel committee, community in Trump's shadow McConnell says he'd back Trump as 2024 GOP nominee MORE to shield his tax returns and other financial records from a New York grand jury subpoena.

The justices issued the order in the long-running dispute between Trump and Manhattan District Attorney Cyrus Vance Jr. (D) without comment or noted dissents.

“The work continues,” Vance tweeted in response.

The background: The court’s order comes in response to an emergency request Trump filed in October to the Supreme Court after losing several rounds in the lower courts.

  • Vance's office has sought Trump's records since 2019, when a New York grand jury issued a subpoena to Trump's accounting firm, Mazars USA, for eight years of the former president's financial records.
  • They’re looking into payments made to silence two women who allege they had affairs with Trump, including adult-film star Stormy Daniels, and possible financial crimes by the Trump Organization.

The Hill’s John Kruzel breaks down the decision here.

Trump goes nuclear: As you can imagine, the former president wasn’t super thrilled about this.

"The Supreme Court never should have let this 'fishing expedition' happen, but they did," Trump said in a statement. "This is something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew CuomoAndrew CuomoFracking banned in Delaware River Basin Democratic strategists start women-run media consulting firm Boston's Fenway Park, TD Garden reopening with limited capacity MORE."

Trump described the Manhattan investigation into his financial dealings as a continuation of "the greatest political Witch Hunt in the history of our Country," referring broadly to repeated investigations into his alleged wrongdoing. Brett Samuels has more here.



Stimulus update—House panel advances Biden's $1.9T COVID-19 aid bill: The House Budget Committee on Monday advanced President BidenJoe BidenBiden 'disappointed' in Senate parliamentarian ruling but 'respects' decision Taylor Swift celebrates House passage of Equality Act Donald Trump Jr. calls Bruce Springsteen's dropped charges 'liberal privilege' MORE's $1.9 trillion COVID-19 relief bill on a 19-16 party-line vote.

"We are in a race against time. Aggressive, bold action is needed before our nation is more deeply and permanently scarred by the human and economic costs of inaction," Committee Chairman John YarmuthJohn Allen YarmuthDemocrats call for relief package to waive taxes on unemployment benefits Democrats in standoff over minimum wage On The Money: Neera Tanden's nomination in peril after three GOP noes | Trump rages after SCOTUS rules on financial records MORE (D-Ky.) said at the hearing.

The bill includes: 

  • $1,400 stimulus checks
  • Extensions to emergency unemployment benefits 
  • Funding for vaccinations and testing
  • $129 billion for schools
  • Increases to child tax credits and earned income tax credits
  • And a plan to increase the minimum wage to $15 an hour by 2025.

The Hill’s Niv Elis breaks it down here.

What comes next: The bill must be marked up by the House Rules Committee before consideration on the House floor, likely on Friday or Saturday. The legislation will then have to be taken up in the Senate, where it is expected to face considerable procedural and political challenges.

Read more: GOP not worried about voting against popular relief bill






  • GameStop stock rose 13.3 percent Monday after Keith Gill, the popular online trader behind last month’s frenetic rally, announced he had doubled his investment in the struggling retailer.