In this Aug. 24, 2020, file photo, Postmaster General Louis DeJoy testifies during a House Oversight and Reform Committee hearing on the Postal Service on Capitol Hill in Washington. President Donald Trump says he's open to an investigation of DeJoy after some of DeJoy's former employees said they felt pressured to donate to GOP candidates.(Tom Williams/Pool via AP)
House Democrats said Tuesday they will investigate whether Postmaster General Louis DeJoy encouraged employees at his business to contribute to Republican candidates and then reimbursed them in the guise of bonuses, a violation of campaign finance laws.
Five people who worked for DeJoy's former business, New Breed Logistics, say they were urged by DeJoy's aides or by DeJoy himself to write checks and attend fundraisers at his mansion in Greensboro, North Carolina, The Washington Post reported. Two former employees told the newspaper that DeJoy would later give bigger bonuses to reimburse for the contributions.
It's not illegal to encourage employees to contribute to candidates but it is illegal to reimburse them as a way of avoiding federal campaign contribution limits.
Rep. Carolyn Maloney, who chairs the House Oversight Committee, said in a statement Tuesday that if the allegations are true, "DeJoy could face criminal exposure — not only for his actions in North Carolina, but also for lying to our Committee under oath."
She was referring to DeJoy's testimony before her committee last month when he forcefully denied that he had repaid executives for contributing to Trump's campaign.
Maloney urged the Board of Governors of the U.S. Postal Service to immediately suspend DeJoy, whom "they never should have selected in the first place."
Monty Hagler, a spokesperson for DeJoy, told the Post that DeJoy was unaware that any workers felt pressure to make donations. Hagler also said DeJoy believes he has always complied with campaign fundraising laws and regulations.
DeJoy was put in charge of the Postal Service in June after a career in logistics and set in motion a series of policy changes that have delayed mail and sparked concern over the agency's ability to process a flood of mail-in ballots expected this fall due to coronavirus fears.
The House Oversight Committee recently subpoenaed DeJoy for records about widespread mail delivery delays that have pushed the Postal Service into the political spotlight.
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.
