In a year with record-setting fires in the West and historic hurricane numbers in the East, climate change is top of mind for many people.
For just the second time in history, Atlantic storms are being named using the Greek alphabet after surpassing the annual list of names.
"As far as the hurricanes, there's a lot of scientific debate on the hurricanes," Andrew R. Wheeler, administrator of the Environmental Protection Agency, claimed today on Cheddar's Opening Bell.
Meanwhile, leaders in Western states have been raising concerns about climate change once again as devastating and deadly fires consume more land than ever before. Those leaders pressed President Trump on the issue last week after the administration blamed forest management for the fires. At the time, the president claimed that "it will get cooler soon."
Wheeler told Cheddar he does believe in climate change and humanity's contribution.
But Wheeler doubled-down on the administration's claims that forest management was behind California's increasingly destructive fires. "I do believe most of it is forest management issues because you don't have the same problems in other parts of the country," Wheeler said.
This week a group of former leaders of the EPA endorsed Joe Biden. The group was made up of EPA leaders who served under Democratic and Republican administrations. Christine Todd Whitman, a former Republican governor from New Jersey who ran the EPA under President George W. Bush, reiterated her stance Monday that the current administration was running a war against science.
Wheeler hit back today on Cheddar. "Yesterday's announcement was just pure politics," he said. "They had no facts to back up their statement."
Wheeler touted the agency's record on regulation enforcement and said he is "very proud of the fact that we have doubled the amount of both civil and criminal penalties by the Obama-Biden administration during the same time period." He went on to say the agency's foremost responsibility now is to enforce existing regulations as more and more environmental programs are delegated to the states.
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
