Speaker Nancy Pelosi speaks to the media during her weekly briefing March 12, 2020 on Capitol Hill in Washington, DC. (Photo by NICHOLAS KAMM/AFP via Getty Images)
House Speaker Nancy Pelosi repeated a phrase throughout her update this morning on the latest federal response to the coronavirus: "Testing, testing, testing."
The speaker said testing is "so very important, to take inventory, to understand the epidemiological spread of the virus, and also to meet the needs of the people affected."
She confirmed that Democrats and Republicans are working closely to pass a bill today that would provide additional protections, and free testing, following an $8.3 billion aid package last week. "No one will say I can't afford it," she said.
The Families First Coronavirus Response Act would ensure free coronavirus testing, paid emergency sick leave, expanded unemployment insurance, increased protections for health care workers on the frontline, and food security initiative for children while schools are closed.
The bill is currently being debated in the House, but the clock is ticking as lawmakers consider whether they should leave the capital out of an abundance of caution.
When asked if House Democrats would stick around if a deal was not made within the next two days, Pelosi insisted lawmakers would get it done.
"We don't need 48 hours. We need to make a decision to help families now," she said.
"If people have to stay home, we have to stay home, but we don't want people to panic," Pelosi added but held off from outlining further plans to address the virus.
"We're here to pass a bill. When we pass a bill, we'll make a judgment about what comes next," she said.
As an addendum to her update on the coronavirus response, the speaker chimed in on the Democratic primary race.
"In case you were going to ask, no, I don't think Bernie Sanders should get out of the race. I'm a grassroots person. I'm chair of the California Democratic Party. I know the enthusiasm of supporters of candidates, and they want to see it play out."
A new report from CNBC says Instagram recently reached a new milestone -- 2 billion monthly active users. It comes amid a year of controversy for the photo-sharing app and its parent company, Meta. SocialFlow CEO Jim Anderson joins Cheddar News' Closing Bell to discuss.
There is a new way for investors to bet on cannabis - the AdvisorShares Poseidon Dynamic Cannabis ETF targets about 20 of the biggest names in U.S. cannabis. It comes at a time when it's still difficult for investors to access the space. Cheddar News cannabis reporter Chloe Aiello spoke with co-founder and managing director for Poseidon Investment Management, Emily Paxhia.
Victor Li, an economics professor at the Villanova School of Business, joins Cheddar News' Closing Bell, where he discusses the latest Fed decision and the implications it has on the stock market.
After nearly two years of the pandemic, U.S. consumers are ready to spend big this holiday season. However, shoppers may be faced with limited inventory as the U.S. continues to face shortages of key products and extended order backlogs. Per Hong, partner at consulting firm Kearney, joined Cheddar's Opening Bell to discuss the country's path forward.
The U.S. Government is making its first major move toward encouraging nuclear energy in the U.S., as it pushes toward a sustainable future. Scott Waldman, White House reporter for Politico's E&E News joined Cheddar News to break down the developments. "There's definitely an audience for this now since we're looking at the value of nuclear in terms of climate policy," he said, regarding the prospects for bipartisan support.
CEOs of the top U.S. airlines are set to testify in front of a Senate committee Wednesday. Lawmakers will ask airline executives about how they used pandemic-related federal aid, specifically in light of staffing issues and widespread cancellations. Among those expected to participate are the CEOs of American, United, and Southwest Airlines. David Slotnick, Senior Aviation Business Reporter at The Points Guy, joined Cheddar News to discuss.
Carlo and Baker cover the latest data showing the Omicron wave has likely started, Pfizer's Covid pill, Jan. 6 and a box office rescue attempt courtesy of Spider-Man.