President Trump is in hot water after reportedly calling Haiti, El Salvador, and some African Countries "shitholes" in a closed-door immigration meeting with members of Congress. The President denies he used this language, but Senator Dick Durbin (D-IL) was in the room during the meeting and says he heard President Trump speak those words.
Congressman Adriano Espaillat represents the 13th district of New York and urges Republican leaders to condemn the president's remarks. He believes President Trump's actions are embarrassing to all Americans, no matter the party affiliation. The Congressman says he is unfortunately not surprised to hear the President would make such remarks.
"This is not a Republican problem, nor Democratic or Independent problem," the Congressman said. "This is an American issue to have the executive of our great nation speaking those terms. It's totally unacceptable."
Rep. Espaillat says immigration progress on Capitol Hill is slowed by the President's comments, despite agreement that "Dreamers" here under the Obama Era DACA policy should be protected.
The Federal Reserve has nixed the controversial word "transitory" to describe inflation in its latest policy statement. The change in language comes as the Fed plans to speed up its tapering of monthly asset purchases.
Former Minneapolis police Officer Derek Chauvin has pleaded guilty to a federal charge of violating George Floyd’s civil rights.
Congress has approved a $2.5 trillion debt limit hike, sending legislation to avert a catastrophic default to President Joe Biden for his signature.
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
The Senate Committee on Banking, Housing and Urban Affairs held a hotly debated hearing regarding fiat-backed stablecoins on Tuesday that still led to a conclusion the space needed some form of regulation.
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A British appellate court opened the door Friday for Julian Assange to be extradited to the United States by overturning a lower court's decision that the WikiLeaks founder's mental health was too fragile to withstand the American criminal justice system.
New Zealand’s government believes it has come up with a unique plan to end tobacco smoking — a lifetime ban for those aged 14 or younger.
