Twenty-six questions into day one of questioning, senators have largely directed inquiries to their own sides, assisting respective legal teams in poking holes in the opposition's case.
During the first break of the day, nearly three hours after questioning began, Sen. Amy Klobuchar (D-Minn.) told Cheddar she plans to ask a question about absolute immunity. The president has argued he has absolute immunity to bar testimony, though a federal judge ruled in November that former White House counsel Don McGahn must obey a subpoena compelling him to testify. The judge wrote at the time "with respect to senior-level presidential aides, absolute immunity from compelled congressional process simply does not exist."
The president's defense team has repeatedly sought to portray the president as needing the freedom to speak candidly with his advisors. However, House Managers have emphasized the president is not able to exercise blanket immunity.
"Some of the questions were planned ahead, but you can always adjust them," Klobuchar said. "I have one question that I want to focus on, on the absolute immunity issue, but if it's fully asked, maybe I'll switch to another one. You're not bound into what your question is. And then there's other questions that I have — you'll see that Senator Whitehouse is going to ask one of them. He and I shared the same question so he's asking on his behalf and my behalf."
Throughout the first portion of today's session, some senators appeared to have pre-written questions on cards while others, like Senators Lindsey Graham (R-S.C.) and Ted Cruz (R-Texas) exited the room to presumably discuss a question before posing one jointly. Others still, like Senators Martha McSally (R-Ariz.), Joni Ernst (R-Iowa), Richard Burr (R-N.C.), Jerry Moran (R-Kan.) and Kelly Loeffler (R-Ga.) seemed to have empty cards on their desks.
Senators must submit written questions to the Chief Justice and, alternating between parties, a Senator stands, asks Supreme Court Chief Justice John Roberts to hear his or her question, and a high school page carries the card to Roberts, who is facing the Senators from the elevated seat usually reserved for the Vice President. At one point Roberts paused while attempting to read a question from Republicans, as it seemed he was having trouble reading the hand-written question.
The Senate Press Gallery sits above the Republican side of the chamber, which allows better access to see the Republican Senators than the Democrat officials.
Alan Dershowitz, an attorney for the defense who came to today's session to answer questions about his testimony earlier this week, said anything a sitting president does to stay in power is in the national interest, emphasizing a very expansive view of presidential power. Lead House Manager and chairman of the House Intelligence Committee Rep. Adam Schiff (D-Calif 28th District) answered the final question of the early session pushing back against Dershowitz's argument and attempted to portray the president as believing himself to wield broad powers, accusing Trump of being a "president who identifies the state as being himself."
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
