*By Carlo Versano*
The confirmation of Judge Brett Kavanaugh to the Supreme Court, which seemed increasingly likely on Friday morning, was thrown back into doubt after key swing vote Sen. Jeff Flake (R-AZ) requested a one-week delay on a floor vote so the FBI could complete a background investigation. With that caveat, the Senate Judiciary Committee, on a straight party line, voted to approve, 11-10.
President Trump, reacting practically in real time, said he has not thought "even a little bit" about a replacement for Kavanaugh. As for an FBI investigation, Trump said, "I'm going to let the Senate handle that."
Protesters flanked the Dirksen U.S. Senate Building Friday morning, adding another layer of drama and tension after Thursday's fiery hearings featuring Kavanaugh and one of his accusers, Prof. Christine Blasey Ford.
After huddling with Democrats ー and being confronted by demonstrators ー Flake, who had just hours earlier indicated he was a "yes," said that while he supported the nomination, it was under the condition that there be a one-week delay for a full investigation. "We owe them due diligence," Flake said of Kavanaugh's named accusers, three women in total.
The implication, though not explicit, was that Flake's statement had the support of Sens. Lisa Murkowski (R-AK) and Susan Collins (R-ME). Without the three of them, the floor vote would fail. Murkowski later said she would support the delay.
As of Friday afternoon, the Committee does not have enough "yes" votes to confirm Kavanaugh.
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
The Senate Committee on Banking, Housing and Urban Affairs held a hotly debated hearing regarding fiat-backed stablecoins on Tuesday that still led to a conclusion the space needed some form of regulation.
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A British appellate court opened the door Friday for Julian Assange to be extradited to the United States by overturning a lower court's decision that the WikiLeaks founder's mental health was too fragile to withstand the American criminal justice system.
New Zealand’s government believes it has come up with a unique plan to end tobacco smoking — a lifetime ban for those aged 14 or younger.
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.
Congress got a crash course in crypto on Wednesday, as six executives from companies representing a cross-section of the digital economy answered questions from the House Financial Services Committee.
In the spirit of the holidays, Cheddar presents the 12 days of the top terms of 2021.
