At a press conference on Wednesday, Labor Secretary Alex Acosta told reporters that new sex crime charges against hedge fund manager Jeffrey Epstein were a "very, very good thing" and defended the manner in which his office had handled a case against the financier back in 2008.
He also showed no signs of relenting to Democrats' calls for his resignation.
Outrage has been growing, since the Miami Herald recently resurfaced the sweetheart, non-prosecution deal Epstein received when Acosta was a U.S. attorney in Miami.
In 2008, Epstein had been accused of abusing dozens of women and girls, but ultimately pled guilty to prostitution charges. Thanks to the deal, instead of facing a possible life sentence, he served just 13 months of an 18 month sentence in a county jail, during which he was allowed to leave for work.
Epstein was arrested again in New Jersey last weekend and pleaded not guilty Monday to new child sex-trafficking charges for allegations dating back to the early 2000's.
"They've brought these charges based on new evidence against Jeffrey Epstein, who is now a registered sex offender. And this is a very very good thing. His acts are discpable," said Acosta Wednesday. "Epstein's actions absolutely deserve a stricter sentence."
As to the original case, Acosta said it was not clear that the original case would have succeeded at trial because some of the victims were reluctant to testify. "The acts that they had faced were horrible, and they didn't want people to know about them."
The labor secretary said he would release documents that reveal more context of the case.
The chair of the House Oversight Committee has called for Acosta to testify on the subject later this month.
During the press conference, the labor secretary defended his standing in Trump's administration.
"My relationship with the President is outstanding," said Acosta. He also eschewed reports that he had lost the support of the Office of Management and Budget director Mick Mulvaney.
Concerns over inflation have become one of the biggest worries for executives. A survey from The Conference Board shows that more than 900 CEOs consider inflation a top tier concern, a major shift from last year's survey that had it as a low-level concern. Rebecca Ray, Executive Vice President, Human Capital, The Conference Board joined Cheddar's Opening Bell for more.
Jordan Zakarin, Media Producer at A More Perfect Union, joined Cheddar News to break down the latest from Colorado, where at least 8,700 Kroger employees walked off the job in demand of increased benefits and wages.
With the 2022 Winter Olympics in Beijing rapidly approaching, clouds of controversy continue to swirl around China's treatment of the Uyghur Muslim minority population, its surveillance state, and security for visiting athletes. Phelim Kine, China correspondent for Politico, joined Cheddar to break down the big storylines surrounding the Beijing Games and highlight what he saw as the complete disregard by top corporate sponsors like P&G, Airbnb, Intel, Visa, and Coca-Cola, for the controversies. "They spend $100 million for every Olympics that they sponsor, and they have frankly shown absolute willful indifference to any type of entreaty to essentially be more vocal about their concerns about human rights in China," he said. Kine also touched on the data privacy fears for athletes as visiting contingents are being told to carry burner phones to avoid security risks.
Texas's six-week abortion ban remains in effect after a federal appeals court ruling on Monday. The U.S. court of appeals for the fifth circuit temporarily transferred the case to the Texas Supreme Court, which is expected to leave the dispute in limbo for months to come. Katie Barlow, attorney and media editor of SCOTUSblog, joins Cheddar News to discuss.
Hugh Odom, founder and president of Vertical Consultants, shared his expertise on telecommunications with Cheddar on the safety issue raised about 5G deployment by airlines. The installation was partially delayed again on Tuesday as the airlines warned of potentially catastrophic delays in a letter to the Biden administration. Later, both Verizon and AT&T relented and put a pause on some of the implementations. "The first thing the Biden administration needs to do is get everybody in the room and say, look, aviation industry, identify the problem — wireless industry, come up with a solution," said Odom.
Dave Levinthal, deputy Washington Bureau chief at Insider, joins Cheddar News to discuss Gallup's new survey that reveals more Americans leaned Republican by the end of 2021.
Women's March ATX rally, Saturday, Oct., 2, 2021, at the Texas State Capitol in Austin, Texas. An expected decision by the U.S. Supreme Court in the coming year to severely restrict abortion rights or overturn Roe v. Wade entirely is setting off a renewed round of abortion battles in state legislatures. (AP Photo/Stephen Spillman, File)
Inflation in the U.S. is only getting hotter. The 12-month inflation rate for December 2021 was the highest in nearly 40 years - continuing the trend seen at the close of 2021.
The Consumer Price Index increased 7% in the 12-month period ending in December, marking the fastest increase since 1982. Scott Wren, Senior Global Market Strategist at Wells Fargo Investment Institute, joined Cheddar's Movers for more.
If President Biden runs for re-election in 2024, he may not have anyone to debate. The Republican National Committee sent a letter to the commission on presidential debates, saying the RNC will require candidates to pledge not to participate in those general election debates. Paris Dennard, RNC national spokesperson, joins Cheddar News to discuss.
