*By Conor White*
After President Trump's unflagging defenses of Vladimir Putin this week, many in Washington fear that Russia may have "Kompromat," or compromising information, on the commander-in-chief.
Rep. Brendan Boyle (D-PA) is among the concerned.
"I'm not generally prone to conspiracy theories," he told Cheddar on Friday. "But I have to say, this week has been a real shift, myself personally and a number of really serious, responsible people who I trust, who were always resisting that explanation up until this week, because it's just so bizarre, the behavior President Trump exhibited while standing side-by-side with Vladimir Putin."
Trump had ample chances to support the near-universal theory that Russia meddled in the 2016 presidential election. But during his controversial co-presser with Putin on Monday, the president denied any foul play. The next day at the White House, Trump reversed his stance.
Boyle lamented that he should be used to this type of behaviorーbut he still doesn't have to like it.
"Eighteen months into this presidency I should probably stop being surprised, and yet I still am surprised when something as glaring as an American president on foreign soil, standing side by side with a Russian dictator, sides with the Russian dictator over the U.S., FBI, and U.S. intelligence agencies."
Trump's latest actions have alarmed several other republican lawmakers, including Sens. John McCain (R-AZ), Jeff Flake (R-AZ), and Ben Sasse (R-NE).
Rep. Boyle reiterated that this president is unlike any other.
"There was really no difference from Harry Truman to Barack Obama in terms of the idea of supporting NATO, that we were strongest when we stood together, that we were strongest in resisting first Soviet and then Russian expansionism and aggression. Donald Trump comes in and completely throws that all out."
For full interview, [click here](https://cheddar.com/videos/trumps-attitude-towards-putin-has-dems-seeing-red).
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
