Michael Edison Hayden, politics reporter for Newsweek, discusses the deal Democrats made with Republicans to re-open the government for another three weeks. Senate Majority Leader Mitch McConnell (R-KY) promised to address immigration before the next funding deadline.
Hayden weighs in on whether Democrats made a mistake by accepting a verbal agreement from McConnell, who has yet to follow through on promises he made to members of his own party. We also talk about what will happen with the Democratic Party, as some supported Senator Chuck Schumer's (D-NY) decision to strike a deal with the GOP and others criticized it.
Hayden discusses his latest piece on the fracturing of the alt-right and how the movement is struggling to pick up momentum following the election of President Trump.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
