President-elect Joe Biden speaks Monday, Nov. 9, 2020, at The Queen theater in Wilmington, Del. (AP Photo/Carolyn Kaster)
By Zeke Miller
The course of President-elect Joe Biden’s transition to power is dependent in part on an obscure declaration called “ascertainment.”
Here are some details on that process:
WHAT IS ASCERTAINMENT?
The formal presidential transition doesn’t begin until the administrator of the federal General Services Administration ascertains the “apparent successful candidate” in the general election. Neither the Presidential Transition Act nor federal regulations specify how that determination should be made. That decision green lights the entire federal government’s moves toward preparing for a handover of power.
WHY HASN'T IT HAPPENED YET?
Spokesperson Pamela Pennington said in a statement that “GSA and its Administrator will continue to abide by, and fulfill, all requirements under the law,” but the agency has not said why the decision to recognize Joe Biden as the president-elect has not been made. GSA is an executive branch agency. Its administrator, Emily Murphy, is a Trump appointee, but the ascertainment decision is supposed to be apolitical. The White House did not say whether there have been conversations on the matter between officials there and at GSA.
WHAT'S AT STAKE?
The determination clears the way for millions of federal dollars to flow to Biden’s transition team and opens the doors of the federal government to hundreds of Biden staffers, so they can begin assessing agency operations ahead of Inauguration Day on Jan. 20. A delay in recognizing Biden as the next president could slow federal resources to assist the Biden-Harris team in filling about 4,000 political appointments across the government — including critical national security and health postings.
WHY DOES IT MATTER?
Slowing the pace of the transition could hamstring a new administration right out of the gate. The Trump administration, experts say, never fully recovered from the slow pace of hiring from its mismanaged 2016 transition after Trump tossed aside carefully prepared plans the day after his victory.
HAS THIS DELAY EVER HAPPENED BEFORE?
In 2000, the GSA determination was delayed until after the Florida recount fight was settled. The abbreviated transition process was identified by the 9/11 Commission Report as contributing to the nation’s unpreparedness for the crisis.
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.