After Losing On Tax Reform Can Democrats Recover In 2018?
President Trump notched his first major policy win with tax reform last week. Can he use the momentum from that win to push his policies through in 2018, or will Democrats stand in his way?
Amanda Marcotte, Politics Writer at Salon, thinks Republicans will regret their decision on tax reform. She says it was a largely unpopular bill that will make it difficult for the GOP to maintain its stronghold on both chambers of Congress going into the 2018 midterms.
Now that tax reform has been decided on, Marcotte believes Democrats will focus their attention towards DACA. She says that immigration is the next big policy battle brewing in Washington. With Doug Jones joining the Senate in January, Democrats would only need to sway two Republican Senators to push a policy through.
Futures rebounded this morning in reaction to positive news from Merck that its covid-19 treatment pill is 50 percent effective at preventing hospitalizations and death. It comes after a rocky month on Wall Street, which saw all the major averages post their worst months in over a year. Chris Vecchio, Senior Analyst, at DailyFX joined Wake Up with Cheddar for more.
Makena Kelly, Politics reporter at The Verge, joined Cheddar News to break down Thursday's congressional testimony from Facebook's global head of security, as the company comes under fire for its plans to attract kids.
U.S. weekly jobless claims rose to 362,000 for the week ending September 25th, higher than the 335,000 economists had expected. This figure is also slightly higher than the 351,000 reported a week earlier. Louis Cordone, Senior Vice President of Data Strategy at AST joined Wake Up with Cheddar to discuss.
Former French President Nicolas Sarkozy has been found guilty of illegal campaign financing linked to his 2012 bid for reelection after $54 million was spent on fake invoices. Sarkozy was sentenced to one year in prison.
