With the Democratic National Convention set to kick off next week, former Vice President Joe Biden will announce his running mate in the coming days, Paige Hill, surrogate communications director for the campaign, told Cheddar.
"There are a number of diverse, dynamic, incredibly highly qualified women in this process and we will be lucky to announce very soon who will be joining us," she said.
Biden committed to selecting a woman as his running mate back in March and his shortlist reportedly includes Sen. Kamala Harris (D-Calif.), Sen. Elizabeth Warren (D-Mass.), Rep. Karen Bass (D-Calif.), and former National Security Advisor Susan Rice.
When it comes to defending Biden's pick against impending attacks from the Trump administration, Hill said the campaign's focus will be to remind voters of the future VP's "hard work."
"Whoever she is, we are going to support her and make it clear she has worked very hard to get to where she is," Hill explained.
While Milwaukee was set to be the home of this year's convention, the coronavirus pandemic has forced the nominating ceremony online. Hill said the campaign is taking the move in stride and is excited about Biden's chance to reach voters who otherwise might "not have felt part of a party convention before."
"You won't need a floor pass to experience the biggest moments up close," she noted. "We are going to reach folks where they are, talking about the issue they most care about right now."
Biden is expected to accept the nomination for president from his home state of Delaware.
As the DNC is set to take off a week before the RNC, Hill said the focus isn't on worrying about Republicans replicating their virtual conference, it's about rallying behind the person they believe will lead the U.S. out of a grim state.
"A convention of hope and leadership and for a leader that will unite us on day one," she stated.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
