President Trump has returned from his holiday in Florida and is officially back to work. Congress is back in session tomorrow and there is a lot to get done. Lawmakers will be voting on many items like immigration, disaster relief, and more. Will the two sides of the aisle be able to work together, or will divisions hinder Washington?
Colby Hall is the managing editor at Mediate. He joins Cheddar to explain what agenda items will immediately be addressed. Washington is looking to tackle the issue of immigration with the Dreamers Act. There is also a disaster relief bill on the table that could be record-breaking. And of course, passing an official budget deal.
Hall notes the importance passing these legislative measures could have on the midterm election. We are 308 days away from the midterm elections, and it will be a race to determine whether Republicans hold onto their majority in Congress.
Cheddar News checks in on what to look out for on The Day Ahead as earnings season continues with TJX Cos., Target and Take Two Interactive among those reporting on Wednesday. April housing starts data is also set to be released while Netflix will hold its upfront presentation virtually amid a continued writers' strike.
Billy McFarland, who served four years in prison for the failed Fyre Festival in the Bahamas that saw investors lose millions, is back. McFarland joined Cheddar News to explain a new Fyre Festival he is planning along with a Broadway musical, both in the works.
Retail sales saw a modest uptick in April as inflation eased somewhat as consumers look toward the summer season to spend some more. Mario Payne, financial planner for Toams Financial, joined Cheddar News to provide some guidance on how to work up a responsible summer budget plan.
New York Expands Regulations for Adult-Use Marijuana Dispensaries
Dryden Pence, chief investment officer with Pence Capital, joined Cheddar News to discuss Tuesday's market session and touched on what the Federal Reserve may decide on at its next meeting as inflation continues to play a role and consumer spending remains firm.
The Internal Revenue Service said that black taxpayers are audited at a higher rate than would be expected, according to an internal investigation.
Stellantis is telling owners of nearly 220,000 Jeep Cherokee SUVs worldwide to park them outdoors and away from other vehicles because the power liftgates can catch fire even when the engines are off.
After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year
The head of the artificial intelligence company that makes ChatGPT told Congress on Tuesday that government intervention "will be critical to mitigate the risks of increasingly powerful” AI systems.
Financial journalist Kristin Myers joins Cheddar News to talk about how the U.S. defaulting on its national debt could trickle down to your wallet.
