With Congress back from summer recess, House Speaker Kevin McCarthy has a slew of issues to resolve ahead of this month's spending deadline.
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Theresa May's Brexit Deal Defeat, Narrow Survival, Fail to Rattle Investors
Even as British Prime Minister Theresa May suffered an embarrassing defeat as her Brexit vote was voted down in Parliament, and then only narrowly survived a no-confidence vote, investors remained relatively unrattled. But according to Chris Demetriou, the U.S. CEO at Aberdeen Standard Investments, the mild response to the vote was not a surprise.
Need 2 Know: State of the Union Uncertainty, May Survives (Again)
These are the headlines you Need 2 Know for Thursday Jan. 17, 2019.
Rep. Khanna Thinks Congress Needs Some Outside Help to Solve Shutdown
California Rep. Ro Khanna has a novel idea about how to solve the government shutdown: call in some experts."Why don't we get an independent group of experts? The President appoints two people. The House appoints two people. The Senate appoints two people," the Silicon Valley-based Democrat suggested. "Put them in a room ー six folks ー and have them come up with proposals that are going to be 6-0."
L.A. Teachers Strike Is About More Than a Fair Contract, Teacher Says
With Los Angeles public schools ending a third day without their striking teachers, a deal between the union and the district remains elusive, according to Joseph Zeccola, a 2018-19 L.A. County Teacher of the Year and one of more than 30,000 educators currently protesting in the country's second-largest school district. "We're at a standstill," Zeccola told Cheddar from the picket line on Wednesday. "The offers right now have not been good."
JPMorgan's Jamie Dimon: The U.S. Should Work with China to Make the World Better
The U.S. needs to work on improving its relationship with China as well as stabilizing its own economy by ending the government shutdown, JPMorgan Chase chairman and CEO Jamie Dimon said on Wednesday.
Government Shutdown Is Hurting Franchisees: Fat Brands CEO
The ongoing government shutdown will hurt franchisees, Fat Brands CEO Andrew Wiederhorn told Cheddar on Monday. The closure of the Securities and Exchange Commission may inconvenience companies like Fat Brands, which need access to the public markets, but its franchisees, who run outposts of Fat Brands restaurants like Fatburger and Ponderosa Steakhouse, can't seek loans or expand their businesses. "There is a trickle down effect to us, but it's pretty small. I think really it affects the small business owner ... and it's coming out of their pocket," Wiederhorn told Cheddar.
Airlines Forced to Consolidate Resources As TSA Officers Call Out Sick Amid Shutdown
Airline passengers are facing long security lines as unpaid TSA officers have begun calling in sick due to the government shutdown. Staffing shortages led to the closure of an entire terminal at Houston's George Bush International Airport. Local Houston TSA President, Freddie Cuellar, says closing the terminal is the best way to utilize the staff who are able to come to work.
Need 2 Know: Brexit Chaos, Sen. Kirsten Gillibrand Joins 2020 Race
These are the headlines you Need 2 Know for Wednesday Jan. 16, 2019.
House Majority Leader Hoyer Says Democrats Won't Negotiate with Hostage-Taker Trump
President Trump has taken the government hostage, and House Democrats refuse to negotiate with a hostage-taker, House Majority Leader Steny Hoyer (D-Md.) told Cheddar on Tuesday. "This is not about the wall, it's not about health care, it's not about ... spending. This is about a promise the president made, and he has now taken the government hostage," Hoyer told Cheddar's J.D. Durkin as the 25th day of the partial government shutdown dragged to a close.
