With Senate races now called for Georgia Democrats Rev. Raphael Warnock and Jon Ossoff, it marks the second time in two months that voters flipped the historically red state to blue.
A surge in Black voter turnout, largely due to efforts by Stacey Abrams' Fair Fight coalition and the New Georgia Project, is credited with helping Warnock become the state's first Black senator.
Nsé Ufot, CEO of the New Georgia Project, said the road to the Democratic wins in Georgia was no easy feat, and in fact, the group faced adversity from the highest levels.
"Probably the largest challenge that we've had to face is a hostile state government. A hostile secretary of state and, in some instances in some counties, hostile board of elections officials who are not excited about our work to expand Georgia's voter rolls," she said.
Boosting morale, according to Ufot, around the voting process was also a huge hurdle to clear, particularly after voter rolls were purged, mainly of Black and minority voters, before Georgia's 2018 gubernatorial race, and more recently, challenges to the results that forced two recounts of the 2020 presidential election results.
"When they voted for [former State House Minority] Leader Abrams when there were literally hundreds of thousands of new voters who came out to vote, and they watched an election be stolen, and they watched no one be held accountable for it, it was really hard to get people to believe in the power of their vote or that their vote would actually count," she said.
According to Ufot, the Warnock and Ossoff wins left her "feeling vindicated" but said the work is not yet done, and having "high-quality conversations" with voters about the issues that matter has to remain a priority to continue boosting voter turnout.
"We need to make sure that we vigorously defend the voting rights laws that are on the books right now and stop any attempt to attack them, as is already being telegraphed by Georgia's secretary of state and Republican leadership," Ufot noted.
Updated January 8, 2021 at 10:00 am ET to remove Stacey Abrams' name from headline. To clarify, Abrams started the organization but has not been actively involved with the New Georgia Project for several years.
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.
