It is up to the federal government to make sure America embraces rapid technological change in a way that is “positive for as many of our citizens as possible,” said Rep. John Delaney (D-MD).
In an interview with Cheddar, the Congressman said he doesn’t believe such progress is a threat to the labor market.
“Innovation generally creates more jobs than it displaces,” said Delaney. “But the problem is oftentimes the jobs that get created by innovation are not located in the same places where the jobs that were displaced are located.”
He pointed out that 80 percent of venture capital in this country goes to just California, New York, and Boston, which means that innovation and job creation is highly concentrated in and around those places.
“I think that will continue unless policymakers do things to make sure more of our country has the opportunity to have people invest in their communities and kind of benefit from this innovation.”
Delaney founded the A.I. Caucus to do just that. Comprised of lawmakers from both sides of the aisle, the group strives to work with the private sector to come up with policy ideas that can help the country keep up with technological change.
“I just want to make sure we don’t leave huge parts of the country behind,” he said.
Democrats are hoping to pass the Build Back Better Infrastructure Bill this week, but fellow Democrat Senator Joe Manchin has proven to be a steady fast hold out, stating that he will not support a multi-trillion dollar bill without greater clarity. U.S. News and World Reports Political Reporter Lisa Hagen joined Cheddar to discuss the future of the bill.
Carlo and Baker discuss the election results across the country, including a Republican comeback in Virginia -- and possibly NJ -- plus the CDC gives the go-ahead for child vaccinations, Atlanta wins the World Series and more.
David Wagner, Portfolio Manager at Aptus Capital Advisors, joins Cheddar News' Closing Bell, where he explains why we continue to see record closes from the Dow, S&P, and Nasdaq, and breaks down figures from Lyft's Q3 earnings report.
Voters across the country are heading to the polls today for Election Day. The results of some key races could signal what we can expect in upcoming elections. In Virginia, Democrat Terry McAuliffe is facing off against Republican Glenn Youngkin for governor in a tight race. The race has both parties watching because it's a big indicator of how voters are leaning ahead of the 2022 midterm elections. Kyle Kondik, managing editor of Sabato's Crystal Ball at the University of Virginia Center for Politics, joins Cheddar News to talk about what's in store for the state.
Laura Vozzella, local reporter for The Washington Post, joins Cheddar News to discuss the close gubernatorial race in Virginia and what voters are looking for in each candidate.
The U.S. Supreme Court takes a closer look at the Texas abortion law that was designed by its sponsors to evade constitutional review in federal court. Katie Barlow, journalist and social media editor at SCOTUSblog joins Cheddar News to breakdown what was discussed.
John Paul Mejia, the national spokesperson for the Sunrise Movement, joined Cheddar to talk about what the youth activist group wants to see from President Joe Biden as he attends the COP26 climate summit. Mejia admonished the president for having little to deliver on his own climate agenda domestically while at the conference. "We need the president to follow through with his promises because, frankly, it's a matter of life or death not only for communities here in the United States but also those looking to us around the world," he said.
With COP26 kicking off, roughly 120 world leaders and delegates are in Glasgow, Scotland to hold climate talks this week. As experts continue to warn about the dangers of climate change, ESG investing is more important than ever.
Georges Archibald, Head of Apex Americas at Apex Group joined Cheddar's Opening Bell to discuss.
President Biden expected to unveil details on a Covid-19 vaccine mandate for businesses in coming days.
This comes just days after The White House issued separate vaccine mandates for federal contractors across the country. Mark Kluger, Founding Partner, employment law firm Kluger Healey joined Cheddar's Opening Bell to discuss.
