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Chief Justice John Roberts has long aimed to stay above the political fray, but his goal is being put to the test as Democrats vow to intervene in the Supreme Court’s recent ethics controversies. 

Roberts’s refusal to appear before the Senate Judiciary Committee on Tuesday left Democrats pulling no punches as they asserted that the justices cannot be trusted to police their own ethics. 

Republicans, meanwhile, portrayed the push as an attempt to smear Justice Clarence Thomas and the court’s other conservatives.

Even as the prospect of ethics legislation remains shaky in the divided Congress, the debacle has left Roberts, 68, grappling with how to remain neutral amid the partisan warfare and cratering public confidence in the high court.

Roberts’s absence came with little surprise. He has strived to insulate the court’s image from partisan politics since becoming chief justice in 2005, and Tuesday’s hearing consisted of outraged Democrats, on camera, delving into ProPublica’s investigation into luxury trips Thomas accepted from billionaire and GOP megadonor Harlan Crow. 

The chief justice had cited separation of powers concerns in declining Senate Judiciary Committee Chairman Dick Durbin’s (D-Ill.) invitation, calling it an “exceedingly rare” offer.

“I’m more troubled by the suggestion that testifying to this Committee would somehow infringe on the separation of powers or threaten judicial independence,” Durbin said on Tuesday. “In fact, answering legitimate questions from the people’s elected representatives is one of the checks and balances that helps preserve the separation of powers.”

It follows a pattern of the decorum-conscious Roberts attempting to stay out of the partisan fighting on Capitol Hill. Even on ordinary topics, like the court’s budget, Roberts has left it to his colleagues to testify.

“One thing we have to do every year is get money from Congress, just like every other federal entity. And so we send a couple of justices to Congress, explain what we need, and they get it. Now, I knew that there are people on the court who are better at that than I am, so they go. I don’t go,” Roberts told Rensselaer Polytechnic Institute students in 2017.

After the 2010 State of the Union Address, when then-President Obama denounced the Supreme Court’s Citizens United v. FEC ruling on campaign finance with the justices sitting feet away, the mild-mannered Roberts issued an unusual critique.

Speaking to law students weeks later, Roberts questioned why the justices participate in what he said had “degenerated into a political pep rally.” Roberts has attended every address since, while Justice Samuel Alito, who mouthed the words “not true” in an infamous moment after Obama’s snipe, never returned.

“Some people I think have an obligation to criticize what we do, given their office, if they think we’ve done something wrong, so I have no problems with that,” Roberts told the students.

“On the other hand, as you said, there is the issue of the setting, the circumstances and the decorum,” he continued. “The image of having the members of one branch of government standing up literally surrounding the Supreme Court cheering and hollering — while the court, according to the requirements of protocol, has to sit there expressionless — I think is very troubling.”

Years later, Roberts was back in the Capitol at the center of a bitter political battle: presiding over the impeachment trial of then-President Trump.

He emerged unscathed and earned bipartisan praise, but not without some testy moments. As the prospect rose of an even split on the crucial issue of whether to allow witnesses, Roberts announced he would not step in to break a tie.

“I think it would be inappropriate for me, an unelected official from a different branch of government, to assert the power to change that result so that the motion would succeed,” Roberts told senators.

Roberts has since avoided potentially going through the wringer on Capitol Hill. He declined to preside over Trump’s second impeachment trial, and on Tuesday, he dodged appearing before outraged Democrats. But that didn’t stop them from lambasting Roberts and the high court.

“What Chief Justice Roberts has done in refusing to come before this committee is judicial malpractice. It is a disservice to the courts,” said Sen. Richard Blumenthal (D-Conn.).

Roberts did not return a request for comment through a spokesperson.

Republicans spent much of the hearing condemning what they view as a double standard, portraying the effort as an attempt to derail the conservative-majority court. 

They condemned Senate Majority Leader Chuck Schumer’s (D-N.Y.) warning last year that two conservative justices would “pay the price” if they voted against abortion rights, protests outside conservative justices’ homes and the financial dealings of the court’s liberals.

“We’re going to push back as hard as we can and tell the American people the truth about what’s going on. This is not about making the court better. This is about destroying a conservative court. It will not work,” said Sen. Lindsey Graham (R-S.C.), the committee’s ranking member.

Sen. John Kennedy (R-La.) had this take: “Today’s hearing is an excuse to slay more mud at an institution.” 

One Republican senator, Lisa Murkowski (Alaska), has joined Democrats’ calls, but the odds for passing any ethics legislation remain slim in the GOP-controlled House.

“It’s very difficult to do anything in a divided Senate, especially when the committee of jurisdiction is equally divided. I think Roberts is using that to his advantage and just taking the easy way out, because he knows there’s no real way to compel anything beyond that,” Gabe Roth, executive director of judicial watchdog group Fix the Court, said in an interview ahead of the hearing.

It wouldn’t be Democrats’ first failed attempt. Roughly a decade ago, Roberts rebuffed their calls to formally adopt the code of conduct in place for lower federal judges. He said the justices leverage it as a starting point, characterizing criticisms that the court is exempt from ethical principles “misconceptions.” Trump will not testify at E. Jean Carroll civil trial Hundreds of Democrats urge appeals court to reverse abortion pill ruling

Roberts added, “In particular, Congress has directed Justices and judges to comply with both financial reporting requirements and limitations on the receipt of gifts and outside earned income. The Court has never addressed whether Congress may impose those requirements on the Supreme Court.”

As the chief justice strives for an insular approach, he faces more than just angry lawmakers. Public confidence has declined sharply in the court, spurred by the court’s recent decision to overturn Roe v. Wade.

An NPR/PBS NewsHour/Marist poll last month recorded that only 37 percent of Americans have a great deal or quite a lot of confidence in the court, the lowest measure recorded since the pollster began asking the question in 2018.

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CNBC Daily Open: A Fed rate cut might not be festive enough

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CNBC Daily Open: A Fed rate cut might not be festive enough

An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Nov. 18, 2016.

Andrew Harrer | Bloomberg | Getty Images

On Wednesday stateside, the U.S. Federal Reserve is widely expected to lower its benchmark interest rates by a quarter percentage point to a range of 3.5%-3.75%.

However, given that traders are all but certain that the cut will happen — an 87.6% chance, to be exact, according to the CME FedWatch tool — the news is likely already priced into stocks by the market.

That means any whiff of restraint could weigh on equities. In fact, the talk in the markets is that the Fed might deliver a “hawkish cut”: lower rates while suggesting it could be a while before it cuts again.

The “dot plot,” or a projection of where Fed officials think interest rates will end up over the next few years, will be the clearest signal of any hawkishness. Investors will also parse Chair Jerome Powell’s press conference and central bankers’ estimates for U.S. economic growth and inflation to gauge the Fed’s future rate path.

In other words, the Fed could rein in market sentiment even if it cuts rates. Perhaps end-of-year festivities might be muted this year.

What you need to know today

And finally…

Researchers inside a lab at the Shenzhen Synthetic Biology Infrastructure facility in Shenzhen, China, on Wednesday, Nov. 26, 2025.

Bloomberg | Bloomberg | Getty Images

U.S.-China AI talent race heats up

When it comes to brain power, “America’s edge is deteriorating dangerously,” Chris Miller, author of the book “Chip War: The Fight for the World’s Most Critical Technology,” told a U.S. Senate Foreign Relations subcommittee last week. It’s a lead that’s “fragile and much smaller” than its advantage in AI chips, he said.

Part of the difference comes from the sheer scale, especially as education levels rise in China. Its population is four times that of the U.S., and the same goes for the volume of science, technology, engineering and mathematics graduates. In 2020, China produced 3.57 million STEM graduates, the most of any country, and far outpacing the 820,000 in the U.S.

— Evelyn Cheng

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CEO of South Korean online retail giant Coupang resigns over data breach

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CEO of South Korean online retail giant Coupang resigns over data breach

Park Dae-jun, CEO of South Korean online retail giant Coupang has resigned, three weeks after the company became aware of a massive data breach that affected nearly 34 million customers.

Coupang

The CEO of South Korean online retail giant Coupang Corp. resigned Wednesday, three weeks after the company became aware of a massive data breach that affected nearly 34 million customers.

Coupang said CEO Park Dae-jun resigned due to the data breach incident — which was revealed on Nov. 18 — according to a Google translation of the statement in Korean.

“I am deeply sorry for disappointing the public with the recent personal information incident,” Park said, adding, “I feel a deep sense of responsibility for the outbreak and the subsequent recovery process, and I have decided to step down from all positions.”

Following his resignation, parent company Coupang Inc. appointed Harold Rogers, the Chief Administrative Officer and General Counsel, as interim CEO.

Coupang said that Rogers plans to “focus on alleviating customer anxiety caused by the personal information leak” and to stabilize the organisation.

Park, who joined the company in 2012, became Coupang’s sole CEO in May, after the company transitioned away from a dual-CEO system.

According to Coupang, he was responsible for the company’s innovative new business and regional infrastructure development, and led projects to expand sales channels for small and medium enterprises, among others.

South Korean companies are known for being “very, very cost-efficient,” which may have led to neglecting areas like cybersecurity, Peter Kim, managing director at KB Securities, told CNBC’s “Squawk Box Asia” Wednesday.

“I think the core issue here is that we’ve had a number of other breaches, not just Coupang, but previously, telecom companies in Korea,” Kim added. “I understand some data companies consider Korea to be [the] top three or four most breached on a data, on an IT security basis in the world.”

Coupang breach a ‘double-edged sword’ for Chinese rivals due to security concerns: KB Securities

South Korean companies have been hit by cybersecurity breaches before, including an April incident at mobile carrier SK Telecom that affected 23.24 million people. The country previously saw one of its largest cybersecurity incidents in 2011, when attackers stole over 35 million user details from internet platforms Nate and Cyworld.

Nate is one of the most popular search engines in South Korea, while Cyworld was one of the country’s largest social networking sites in the early 2000s.

Prime Minister Kim Min-seok reportedly said Wednesday that strict action would be taken against the company if violations of the law were found, according to South Korean media outlet Yonhap.

Police also raided the Coupang headquarters for a second day on Wednesday, continuing their investigation into the data breach.

Yonhap also reported, citing sources, that the police search warrant “specifies a Chinese national who formerly worked for Coupang as a suspect on charges of breaching the information and communications network and leaking confidential data.”

Last week, South Korean President Lee Jae Myung called for increased penalties on data breaches, saying that the Coupang data breach had served as a wake-up call.

— CNBC’s Chery Kang contributed to this report.

How Coupang grew into South Korea's biggest online retailer

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Connecticut can’t take action against Kalshi for now, judge rules

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Connecticut can’t take action against Kalshi for now, judge rules

A US judge has granted prediction markets platform Kalshi a temporary reprieve from enforcement after the state of Connecticut sent it a cease and desist order last week for allegedly conducting unlicensed gambling.

The Connecticut Department of Consumer Protection (DCP) sent Kalshi, along with Robinhood and Crypto.com, cease and desist orders on Dec. 2, accusing them of “conducting unlicensed online gambling, more specifically sports wagering, in Connecticut through its online sports event contracts.”

Kalshi sued the DCP a day later, arguing its event contracts “are lawful under federal law” and its platform was subject to the Commodity Futures Trading Commission’s “exclusive jurisdiction,” and filed a motion on Friday to temporarily stop the DCP’s action.

An excerpt from Kalshi’s preliminary injunction motion arguing that the DCP’s action violates federal commodities laws. Source: CourtListener

Connecticut federal court judge Vernon Oliver said in an order on Monday that the DCP must “refrain from taking enforcement action against Kalshi” as the court considers the company’s bid to temporarily stop the regulator.

The order adds that the DCP should file a response to the company by Jan. 9 and Kalshi should file further support for its motion by Jan. 30, with oral arguments for the case to be held in mid-February.

Kalshi does battle with multiple US states

Kalshi is a federally regulated designated contract maker under the CFTC and, in January, began offering contracts nationally that allow bets on the outcome of events such as sports and politics.

Related: How prediction markets raise insider trading and credit risks

Its platform has become hugely popular this year and saw a record $4.54 billion monthly trading volume in November, attracting billions in investments, with Kalshi closing a $1 billion funding round earlier this month at a valuation of $11 billion.

However, multiple US state regulators have taken issue with Kalshi’s offerings, which have led to the company being embroiled in lawsuits over whether it is subject to state-level gambling laws.