*By Christian Smith*
It's an honor to receive former President Barack Obama's support for his Congressional bid, said Colin Allred, but really it's a recognition that the Texas Democrat has run a campaign that can win.
"We've built a grassroots movement of folks getting involved who haven't been involved before," Allred said in an interview Thursday with Cheddar. "It's kind of the legacy, I think, of President Obama's political brand, and I think that's what we're carrying forward here."
Allred is challenging Representative Pete Sessions, an eight-term incumbent, in Texas's 32nd congressional district north of Dallas. Sessions hasn't faced a Democratic opponent in a general election since 2014.
The Cook Political Report lists the race as a ["toss-up"](https://www.cookpolitical.com/ratings/house-race-ratings) despite the 32nd district's R+5 PVI rating, which means it leans moderately Republican in presidential races, though voters there went for Hillary Clinton by one point in 2016.
That's a good sign for Allred, who is running to represent the area where he was born and raised. He was a stand-out football player at Hillcrest High School before going on to play linebacker at Baylor University and with the NFL's Tennessee Titans.
When his football career ended, Allred went to law school to become a civil rights attorney, and worked in the Obama Administration as a special assistant in the Department of Housing and Urban Development’s Office of General Counsel.
Allred said that some of his former Hillcrest High teachers and coaches have been involved in his Congressional campaign, and their involvement is as important as Obama's endorsement in getting new voters to the polls in November.
"We're reaching out to Independents and Republicans who might feel like this version of the Republican party led by Donald Trump doesn't represent them," Allred said.
For more on this story, [click here](https://cheddar.com/videos/former-nfl-player-colin-allred-in-tight-congressional-race-with-16-year-incumbent-pete-sessions).
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
