*By Kate Gill*
After days of speculation, controversy, and protest, Brett Kavanaugh moved a big step closer to taking a seat on the Supreme Court after clearing a procedural vote in the Senate, and winning the support of moderate Republican Senator Susan Collins of Maine.
The Senate will hold a formal confirmation vote on Saturday, and barring a surprise change of heart by Republican Senators, Kavanaugh seems assured of the votes he needs.
Among the four Senators seen as possible swing votes, Fellow Republican Jeff Flake of Arizona said he would support Kavanaugh, as did Democrat Joe Manchin of West Virginia. Among the wavering Senators, only Lisa Murkowski (R-AK) seems likely to vote against him on Saturday. Murkowski was a no during the procedural vote, suggesting she has shifted her position on Kavanaugh's confirmation.
The 51-49 procedural vote may be the penultimate turn in Kavanaugh's bumpy ride to the nation's highest court, but any senator can change his or her mind in the final hour.
Senator Collins ー who had not previously declared her intention ー spoke on the Senate floor hours after the procedural vote, delivering a lengthy speech on her desire to confirm Kavanaugh and to put the debate to rest.
"We've heard a lot of charges and counter-charges about Judge Kavanaugh, but as those who have known him best have attested, he has been an exemplary public servant, judge, teacher, coach, husband and father," she said.
"Despite the turbulent, bitter fight surrounding his nomination, my fervent hope is that Brett Kavanaugh will work to lessen the divisions in the Supreme Court so that we have far fewer 5-4 decisions, and so that public confidence in our judiciary and our highest court is restored. Mr. President, I will vote to confirm Judge Kavanaugh."
Sen. Flake also indicated in a statement on Friday he will vote yes on Kavanaugh's confirmation, "unless something big changes."
Collins' unequivocal statement of support for Kavanaugh came just over a week after the nation was riveted by the public testimony of Dr. Christine Blasey Ford, who said Kavanaugh had sexually assaulted her when they were both in high school 36 years ago. After initially resisting calls to reopen the background investigation into Kavanaugh, Republicans on the Senate Judiciary Committee agreed last week to bring in the FBI to investigate Dr. Ford's allegations.
The FBI interviewed a small number of individuals but closed the investigation on Wednesday, producing a report that said the agency could find no evidence to corroborate Ford's accusations. Democrats and Ford's lawyers have criticized authorities for not interviewing her, or Kavanaugh, or any potential witnesses that might support Ford's account of a high school party, where the nominee allegedly assaulted her.
Following Friday's procedural vote, President Trump [tweeted](https://twitter.com/realDonaldTrump/status/1048226225196552193) that he was "very proud" of the Senate.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
