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Who Will Be Vice President-elect Kamala Harris’ Successor and the Next Senator from California?

Published

3 years ago

November 15, 2020

Kiki

Rep. Karen Bass

California Gov. Gavin Newsom will most probably select a replacement to fill the term of Vice President-elect Kamala Harris. The term will be up in 2022.

Newsom could make history by appointing the first Latinx senator from the state of California. California is 38.1% Latinx according to the 2010 Census and 5.8% Black.

Harris was the second Black woman in the history of the United States to be a senator: Carol Mosely Braun (D-Illiniois) was the first from 1993-1999. Currently, Harris is the only Black woman senator.

Another choice Newsom could make would be to appoint a candidate who would be the first senator from California who is openly gay.

Newsom could also side-step the appointment and call for a special election or a placeholder until the 2022 election.
Candidates on the short list:
Black women:
U.S. Rep. Karen Bass (D-Los Angeles)
Bass, 67, was on the short list as Biden’s VP pick and is the head of the Congressional Black Caucus. She was also speaker of the California Assembly prior to her election to Congress in 2010.

Rep. Barbara Lee (D-Oakland)
Lee, 74, has been in Congress since 1998 and is the former chair of both the Congressional Black Caucus and the Progressive Caucus. She worked for the late Ron Dellums and served in the California Assembly and State Senate.

San Francisco Mayor London Breed

Before becoming the first Black woman mayor of San Francisco, and only the second woman mayor, 46-year-old Breed served on the San Francisco Board of Supervisors.

Latinx possible candidates:
California Attorney General Xavier Becerra.
Becerra, 62, was appointed to fill the remainder of Harris’ term as attorney general of California when she won the election for senator in 2016. Once a congressman from the Los Angeles area, Becerra was the first Latino member of the U.S. House of Representatives to sit on the Ways and Means Committee and to chair the House Democratic Caucus. During his term tenure as attorney general, Beccerra has filed more than 100 lawsuits against the federal government on immigration, healthcare, the environment, and civil rights.

Mayor Robert Garcia of Long Beach, California
Garcia, 42, is the youngest and first Latinx, and first gay mayor of Long Beach. Newsom endorsed him for mayor and Garcia was an early supporter of Newsom’s run for governor.

Secretary of State Alex Padilla
Padilla, 47, is currently the Secretary of State of California and served in the California State Senate.

Others:
Libby Schaaf, 55, mayor of Oakland, California, former member of the Oakland City Council.

Toni Atkins, 58, president pro tempore of the California State Senate, former Speaker of the California State Assembly, is a lesbian.

In a press conference on Monday, Newsom said: “[n]o timeline has been established. The process is just beginning to unfold. We are working through the cattle call of considerations related to what’s the profile, the right choice to replace Sen. Harris.”

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How to Use Credit Wisely

(NewsUSA) – As the holiday season approaches, more people are out shopping, searching crowded stores and online promotions for the best discounts, and using their credit cards to pay for it all. But beware the financial dangers of credit use — how you pay for these deals could safeguard your budget or lead to debt. […]
The post How to Use Credit Wisely first appeared on BlackPressUSA.

Published

4 days ago

November 24, 2023

Oakland Post

A CERTIFIED FINANCIAL PLANNER professional can help you guard against costly credit mistakes, paving the way for a financially sound festive season and beyond. Learn more about how to use credit in a way that works for you with the insights below.

Choose Your Credit Card Wisely

Whether you’re shopping for holiday gifts or purchasing necessities like groceries, the credit card you use can make a big difference. There are several factors to consider:

Interest Rates. Rates generally run from 21-33%. The standard bank card charges at the low end of the range, and retailer credit cards (those typically with the store’s name on them) charge as much as 33%.
Cash Back. Among the best deals are bank cards that offer cash back ranging from 1-4% of your purchase.
Rewards Points. Some cards have rewards programs where you earn points that you can redeem for products or services. They may seem attractive but are worthwhile only if you’re actually interested in the rewards offered.
Cash Discounts. While retailer credit cards have the highest rates, some offer big cash discounts at the point of purchase. That may be the only time they’re worth using.

Improving Your Credit Score

Boosting your credit score can help you qualify for the lowest available interest rates on auto loans, personal loans and mortgages. If you can, pay the full balance when your credit card bill arrives. But most importantly, never miss a payment. Paying on time not only avoids late fees, but also is a key factor in improving your credit score. The easy way to ensure timely payment is to set up automatic online payments.

A CFP^®professional can help you develop other strategies to save money while improving your credit profile, including the following:

Identifying which debt to pay down first.
Switching to balance transfer cards that don’t charge interest for a year or longer.
Converting high-interest debt with interest payments that are not tax-deductible to lower-interest debt whose interest payments are tax-deductible.

Establishing Credit

Lenders offer credit to people with a long and reliable credit history. Most young adults don’t have one. There are various ways to obtain credit, but steer clear of debit cards that claim they can help you build a credit history. When you consider the costs and requirements, they’re usually no bargain. You have better and cheaper options for establishing credit. Here are three of them:

Get a secured credit card.
If you have a student loan, make sure you’re up-to-date with payments.
If you pay rent, ask your landlord to report your on-time payments to the credit bureaus.

The choices we make in managing credit can have a lasting impact on our financial journey. As you navigate the complex credit landscape, remember that CFP^® professionals can offer tailored guidance for your unique circumstances. Whether it’s identifying strategic debt payments, exploring balance transfer options or establishing credit responsibly, a CFP^® professional can provide a roadmap for achieving your financial goals. Find a CFP^® professional today.

The post How to Use Credit Wisely first appeared on BlackPressUSA.