*By Carlo Versano* A federal judge made a limited ruling Friday that the White House must immediately restore press access to CNN correspondent Jim Acosta on Fifth Amendment grounds. Federal Judge Timothy Kelly, who was appointed by President Trump, granted CNN's request for a temporary restraining order, which will allow Acosta to re-join the White House press corps, at least temporarily. Kelly did not issue a formal ruling on the case, which is expected to come after more hearings. "This case is not over," Joe Concha, a media reporter for The Hill, told Cheddar Friday. Judge Kelly did not make a decision one way or another on Acosta's First Amendment right to White House access. Rather, his ruling was based on the Due Process Clause of the Fifth Amendment. The White House responded to the ruling in a statement that interpreted Kelly's decision to bypass the First Amendment issue as a win. “Today, the court made clear that there is no absolute First Amendment right to access the White House. In response to the court, we will temporarily reinstate the reporter’s hard pass. We will also further develop rules and processes to ensure fair and orderly press conferences in the future." "There must be decorum at the White House," the statement added. President Trump expanded in an impromptu Q&A with reporters: "We want total freedom of the press. It's more important to me than anybody would believe. But you have to act with respect when you're at the White House, and when I see the way some of my people get treated at news conferences, it's terrible. The White House yanked Acosta's press pass following a series of back-and-forths between President Trump and the reporter that culminated in an explosive exchange at a press conference the day after the midterm elections. At first, Press Secretary Sarah Huckabee Sanders said they pulled Acosta's pass because he had placed his hands on a White House intern who had attempted to take the microphone out of his hands. After that argument was challenged by Acosta's defenders, the White House's position evolved into a broader complaint about the reporter's overall behavior at press briefings. Concha told Cheddar that eliminating the live feed of the daily briefing (which has become more of a weekly or biweekly briefing, of late), might limit grandstanding from both reporters and Trump Administration officials at the podium and cut down on confrontations. That type of broader reform, however, appears unlikely. And with Acosta allowed back into the White House, Concha said the press office is likely to simply "box him out" of asking questions. "I don't think this is going to change anything," Concha said of the ruling. For full interview [click here](https://cheddar.com/videos/whats-next-in-the-cnn-trump-saga).

Share:
More In Politics
End of Child Tax Credit Could Mean Slide Back Into Increasing Child Poverty
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
President Biden Speaks with Ukrainian President Ahead of Russia Meeting
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
NYT Piece Claims Silicon Valley Investors and Founders Contorted Legal Tax Break to Avoid Taxes on Investment Profits
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
This Year In Trivia
Hena Doba and Azia Celestino recap some of the biggest stories of the year, and learn a thing or two while they're at it. It's This Year in Trivia!
Looking Ahead to Regulating Uber, Lyft, and the Gig Economy in 2022
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2022 Promises a Mixed Bag of Market Predictions
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
Load More