It’s been Immigration Week on Capitol Hill but now it’s time to move on. So what will drive headlines in the week ahead? Here’s a look at the Washington Week Ahead.
TECH HEARING: Leaders of major Silicon Valley companies like Facebook, Alphabet, and Twitter will be testifying in front of subcommittees of the House Energy and Commerce Committee about how their platforms are handling misinformation and disinformation. Spoiler: not well, according to lawmakers. Expect officials on both sides to criticize the platforms. Democrats will likely focus on the role of Google, Facebook, and Twitter in the January 6 insurrection and misinformation generally while Republicans will attempt to get to the root of what they see as anti-conservative bias.
BIDEN SPEAKS: President Joe Biden will take center stage to answer questions from journalists for the first time in his presidency. Biden has received a lot of criticism for not taking questions up to this point. The White House has pointed to COVID-19 restrictions as a major reason why, but after four years of frequent access to the U.S. president, reporters are hoping for more comments directly from the Commander-in-Chief.
FOR THE PEOPLE: The Senate will take up H.R. 1, the “For the People Act,” that passed the House of Representatives early in March. The comprehensive voting rights legislation would expand early voting, enact automatic voter registration and make Election Day a federal holiday. While the Senate is limited by the legislative filibuster, this will be the first time the bill will even be debated on that side of Capitol Hill.
INFRASTRUCTURE WEEK...NO, REALLY: It’s Infrastructure Week! No, really. Transportation Secretary Pete Buttigieg will be testifying in front of the House Transportation Committee to sell Biden’s infrastructure plan. The $2 trillion plan would make major investments in green energy and renewable technology while also updating that nation’s crumbling roads and bridges. But, Republicans are not sold on the hefty price tag, especially right after another nearly $2 trillion bill passed out of Congress: the American Rescue Plan Act.
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
As Western companies cut ties with Russia over its invasion of Ukraine, there's a possibility their Chinese rivals could move in and fill the void. Major corporations such as Apple, Samsung, Dell, and more have halted sales in Russia in hopes of encouraging Putin to back down, but now it seems those sanctions could be presenting a unique opportunity for China. Michael Friedson, Co-founder and Executive Editor of The Media Line News Agency, joined Cheddar's Opening Bell to discuss how these Western boycotts are reshaping geopolitical alignments, the global economy, and international trade.
Gas prices have reached their highest level since 2008, topping an average of $4 across the country. The surge comes as Russia's invasion of Ukraine triggers supply concerns in what was already an extremely tight oil market. Jay Hatfield, Chief Investment Officer at ICAP, breaks down why costs at the pump are so high right now, and just how high they could go.
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
If confirmed, judge Ketanji Brown Jackson could become the first black woman on the bench of the U.S. Supreme Court. Cheddar News speaks with Katie Barlow, Chief Legal Correspondent at Fox 5 to discuss the significance of the nomination.
The European Union is historically divided and slow when it comes to decision-making, but in the recent weeks, the 27 members have agreed upon several sanctions and decisions regarding foreign policy and defense. The EU has cut off Russian banks from the swift payment system, blocked Russian propaganda channels, and closed European skies for air travel to and from Russia. Germany, for example, who has refused to send any deadly weapons to conflict zones, has now agreed to send lethal weapons to Ukraine. Rupert Steiner, London Bureau Chief at Barron's, joins cheddar news to discuss.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
