On a historic day in America, political players on Capitol Hill are moving slowly and divisively after approving rules for impeachment debate. The body is now beginning six hours of partisan debate time before this historic impeachment vote.
Lawmakers just finished debating the rules that will be used to consider the impeachment charges against President Donald Trump after Democrats defeated two objections raised by Republicans. The House adopted debate rules, voting twice after Republicans raised a motion to reconsider. The vote on the rules for the debate passed 228 to 197, signaling that few lawmakers plan to defect parties, and now representatives will move to those six hours of debate about the articles, themselves. Finally, the House will vote on the articles of impeachment, in what is expected to rest almost entirely along party lines. The president is facing impeachment on two articles — abuse of power and obstruction of Congress. If the vote passes, Trump will become the third American president charged with high crimes and misdemeanors.
Rep. Diana DeGette (D-Colo. 1st District) was tapped by House Speaker Nancy Pelosi to preside over the debate as speaker pro tempore.
Soon after House Chaplain Patrick Conroy opened with a prayer to “help them and help us put away any judgments that belong to you and live together in harmony,” lawmakers got straight to it, with no harmony in sight. Democrats defeated two motions raised almost immediately after the session was gaveled in. The House voted 226 to 188 to block the first motion, put forth by Rep. Andy Biggs (R-Ariz. 5th District), to adjourn before debating even began, and voted 226 to 191 to block the second motion, put forth by GOP minority leader Kevin McCarthy (R-Calif. 23rd District), condemning the inquiry as illegitimate.
The schedule circulated on Tuesday night could make the entire day hard to follow and may tire out casual observers. However, the proceedings could have been drawn out even further, if Republican objections were approved during last night’s session of the House Rules Committee. Republicans had raised objections that the debate is only six hours instead of 12 hours.
After the conclusion of today’s debate, lawmakers will finally vote. Many have already publicly pledged to vote along party lines.
Representatives largely used morning debate time, which began soon after 10 a.m. ET, for partisan diatribes. Republicans like Debbie Lesko (R-Ariz. 8th District) called the inquiry “rigged,” and Democrats like Majority Whip Jim Clyburn (D-S.C. 6th District) referred to Thomas Paine’s pamphlets and said the president “seems to believe he is a king or above the law.” Many members were present at the start of the day when Republicans raised their objections but seemed to exit the chamber once debate began.
Pelosi remained in the Congressional chamber, sitting in the back row. Meanwhile, the president remains active on Twitter. He has tweeted and retweeted attacks against the Democrats, including a tweet in which the president wrote: “can you believe that I will be impeached today by the Radical Left, Do Nothing Democrats, AND I DID NOTHING WRONG!”
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
