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.
A bipartisan group of 43 representatives joined forces in a letter to President Joe Biden to remind the executive branch that it must seek the approval of Congress before authorizing a war — whether or not its in Ukraine as Russia continues its invasion. Rep. Peter DeFazio (D-Ore. 4th District) led the effort and joined Cheddar News Wrap to explain. "It's time for Congress to get back the authority, which is vested to us in the constitution, not in the executive branch," he said. "The president. once we're at war, we speak with one voice with the commander in chief. But before that, it's up to the American people and Congress whether or not we're going to become engaged in a war."
Chris Konstantinos, Chief Investment Strategist at RiverFront Investment Group, explains why he remains encouraged about the S&P and the state of the market despite the major indexes closing mostly lower on Monday.
President Joe Biden will be delivering his first State of the Union address on Tuesday night, and with so many issues from Ukraine to inflation, everyone will be focused on what he might say. Rep. Nicole Malliotakis (R-N.Y. 11th District) joined Cheddar News to discuss what she thinks the president should address. "I think what he hasn't done yet is go after the gas, the oil, the minerals, the mining industries, that is incredibly important," she said. "There's still some banks there that are not sanctioned. He needs to go after all the banks, but I also think that providing the equipment that Ukraine needs to continue to protect its capital and its country are incredibly important."
As Russia’s attack on Ukraine continues, one of its few big allies remaining appears to be China. Gordon Chang, Asian affairs expert and author of "The Coming Collapse of China," joined Cheddar News to discuss what might be behind China's support for Putin's current strategy. “I think China is looking at what Putin did yesterday, which is to raise his nuclear forces on a higher alert level,” Chang stated, “If they see that Putin gets away with his nuclear threats, which he's been making over the last three or four days, then I'm sure that Beijing is going to ramp up its threats as well, and it could ramp them up against any number of different countries with which it perceives it has a problem with"
Joel Rubin, president of the Washington Strategy Group and former Deputy Assistant Secretary of State, joins Cheddar News to discuss the Russia-Ukraine tensions and the new sanctions President Biden placed on Russia.
Officials from Ukraine and Russia have begun meeting along the Belarus border to discuss a potential end to the ongoing invasion, even as the fighting continues to drag on. Rep. Al Green (D-Texas 9th District) joined Cheddar's Opening Bell to discuss the conflict between Russia and Ukraine, what to expect from President Joe Biden's State of The Union Address, and the nomination of Ketanji Brown Jackson for the Supreme Court. "I'm still hopeful, and I hope that Mr. Putin will understand that he has united the world against him," Green said of the new round of peace talks.
Within hours of Russia's first attack on Ukraine, President Joe Biden addressed the nation by stating that the White House will impose wider sanctions on Russian banks. These sanctions could result in damage to the Russian economy. Host of "Oh My World" on Youtube and Former Spokesperson for the U. S. Mission to the U. N. Hagar Chemali, joined Cheddar to discuss more.
