Rep. Joaquin Castro: Trump Gave Russia 'Green Light' to Meddle With Midterms
*By Christian Smith*
Rep. Joaquin Castro (D-TX) is calling on Donald Trump and Congress to pass legislation after the President's controversial summit with Russian President Vladimir Putin this week.
"We really need a law that establishes a basic level of election security protections so that the American people can have complete faith that our election systems are not being interfered with," Castro told Cheddar on Tuesday.
His comments came a day after the summit in Helsinki, Finland, where President Trump broke with the American intelligence community. During a press conference, he said he believed Putin's claims that Russia did not intercede in the 2016 U.S. election. The Director of National Intelligence, Dan Coats, has since released a statement reiterating the intelligence community's view that Russia did, in fact, interfere in the election.
In a rare moment of bipartisanship, the President's comments drew the ire of both Democrats and Republicans. With the near-universal outcryーand serious pressure from Washington aidesーTrump issued an unusual retraction on Tuesday, claiming he misspoke at Monday's presser.
“While Russia’s actions had no impact at all on the outcome of the election, let me be totally clear in saying — and I’ve said this many times — I accept our intelligence community’s conclusion that Russia’s meddling in the 2016 election took place,” Trump said. “Could be other people also. A lot of people out there.”
Still, Trump's original words, Rep. Castro said before the retraction, present a real danger for future elections in America.
"Donald Trump has given Vladimir Putin a green light to interfere with the 2018 midterm elections and the 2020 presidential elections," Castro said.
U.S. federal law has no precedent for election security, which Castro says should be a priority for both the president and Congress ーotherwise election tampering will continue.
"If Russia thinks that there's no cost to interfere with our elections, then they're probably going to do it again," Castro said.
For the full segment, [click here.](https://cheddar.com/videos/rep-joaquin-castro-weighs-in-on-president-trumps-summit-with-putin)
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.