Attorney General William Barr speaks during a news conference, Monday, Dec. 21, 2020 at the Justice Department in Washington. (Michael Reynolds/Pool via AP)
By Michael Balsamo
Breaking with President Donald Trump, outgoing Attorney General William Barr said Monday he saw “no reason” to appoint a special counsel to look into the president’s claims of election fraud or the tax investigation into the son of President-elect Joe Biden.
In his final press conference, Barr also broke with Trump in reinforcing that federal officials believe Russia was behind the cyberespionage operation targeting the U.S. government. Trump had suggested without evidence that China could be responsible.
Barr said the investigation into Hunter Biden's financial dealings was “being handled responsibly and professionally.”
“I have not seen a reason to appoint a special counsel and I have no plan to do so before I leave,” he said.
Barr also told The Associated Press in a previous interview that he had seen no evidence of widespread voting fraud, despite Trump's claims to the contrary. Trump has continued to push baseless claims even after the Electoral College formalized Biden's victory on Dec. 14.
Trump — angry that Barr didn’t publicly announce the ongoing, two-year investigation into Hunter Biden — has consulted on special counsels with White House chief of staff Mark Meadows, White House counsel Pat Cipollone and outside allies, according to several Trump administration officials and Republicans close to the White House who spoke to The Associated Press on condition of anonymity to discuss private matters.
Beyond appointing a special prosecutor to investigate the younger Biden, the sources said Trump was interested in having another special counsel appointed to look into his own baseless claims of election fraud. Trump has even floated the idea of naming attorney Sidney Powell as the counsel on election fraud — though Powell was booted from Trump's legal team after she made a series of increasingly wild conspiratorial claims about the election.
Naming a special counsel would make it harder for Biden to shut down investigations. But it’s not clear how it could be done without buy-in from Justice officials. And if Trump was expecting his newly named acting attorney general, Jeff Rosen, to go further than Barr on either matter, he could end up quickly disappointed.
Barr said the hack of U.S. government agencies “certainly appears to be the Russians.”
In implicating the Russians, Barr was siding with the widely held belief within the U.S. government and the cybersecurity community that Russian hackers were responsible for breaches that have affected multiple government agencies, including the Treasury and Commerce departments.
Hours after Secretary of State Mike Pompeo said in a radio interview that Russia was “pretty clearly” behind the hacks, Trump sought to undercut that message — and downplay the severity — by tweeting that the “Cyber Hack is far greater in the Fake News Media than in actuality.” He also said China could be responsible even though no credible evidence has emerged to suggest anyone other than Russia might be to blame.
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.
