Senators began submitting questions as the next phase of President Trump's impeachment trial opened Wednesday. Officials will have 16 hours over two days to ask questions that Supreme Court Chief Justice John Roberts will read aloud from index cards. Impeachment managers and the president's defense team will then have the chance to answer.
Senator Susan Collins (R-Maine), on behalf of herself and colleagues Senator Lisa Murkowski (R-Alaska) and Senator Mitt Romney (R-Utah), asked a question about how, if the president had mixed public and private motives for withholding aid to Ukraine, should the Senate consider that fact?
Patrick Philbin, one of the president's defense attorneys, said a mixed-motive does not matter as the charge is not impeachable. He said the House's case rests upon proving the that president's request for investigations was solely for personal reasons and once there is a "legitimate public interest," the managers' case "fails."
Though GOP leadership is still trying to whip enough Senators to block witnesses, public sentiment seems to be shifting. A new Quinnipiac University poll yesterday found 75 percent of registered voters say witnesses should be allowed to testify, including 49 percent of Republicans.
"I don't think we should [feel pressure to hear witnesses], I think we should get this over with," Rep. Mark Meadows (R-N.C. 11th District) told Cheddar just before the start of today's session.
As questions roll in, it appears Senators are looking to clarify conflicting stories that have been argued back and forth. Both sides can be seen whispering and passing notes while scrambling to come up with quick answers.
Rep. Adam Schiff (D-Calif. 28th District), leading the House Managers, clarified to Senators that the House did ask John Bolton to testify, but were refused. "When we subpoenaed Dr. Kupperman, he sued us, took us to court. When we raised a subpoena with John Bolton's counsel, the answer was ‘You serve us with a subpoena and we'll sue you too,’" Schiff said. Charles Kupperman was a former national security advisor to the president and Bolton's deputy.
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.
