House Democrats have introduced a resolution to impeach President Donald Trump, charging him with "incitement of insurrection." For Congress, impeachment is typically the last resort against a president after all other avenues have been exhausted, according to Rep. Eric Swalwell (D-Calif. 15th District), but he said as long as President Donald Trump remains in office, the country is at risk.
"The president is a threat to life and he is a threat to our democratic ideals," Swalwell told Cheddar.
Swalwell said that Trump's actions were more dangerous than those of other presidents who faced impeachment. "There have been prior presidents to have been impeached, or have come close to impeachment, but no one has ever endangered so many lives. And this president still has access to the nuclear codes."
The resolution comes after the House Democrats' attempt to urge Vice President Mike Pence to invoke the 25th amendment was blocked by their GOP counterparts, some of whom are now calling for unification following last week's attack.
"I'm not going to be bullied by those who were accomplices to the attack on the Capitol. Those who are calling for unity and healing were the same ones who foolishly and falsely lead thousands to believe that they could overturn a peaceful election," Swalwell said. "Republicans and Democrats want to unite, but we have to separate ourselves from those who are responsible."
When it comes to those lawmakers who backed Trump's false claims that the November election was stolen, Swalwell stated that they have to be held responsible for their roles in the Capitol attack, even if that means expulsion from the body.
While House Majority Whip James Clyburn suggested that the House could delay sending impeachment articles to the Senate until after President-elect Joe Biden's first 100 days in office are complete, Swalwell noted that the body is capable of handling several issues at once and that letting this incident slide under the radar could set a negative precedent.
"The second we allow people to enable and inspire and radicalize others to take arms against the United States, that is the second we either go back in time to 1860 or we look like countries who we do not want to look like," he said.
Wall Street saw another volatile day after the Federal Reserve left rates unchanged for now, with plans to raise rates in March at its next meeting in order to ease inflation. Fed Chair Jerome Powell said the Fed has not made decisions on the size of rate increases, adding that the Fed is not trying to get inflation below two-percent. Ken Johnson, CFA and Investment Strategy Analyst explains why Powell thinks that high inflation is a significant threat to the labor market.
Anu Gaggar, global investment strategist for Commonwealth Financial Network, joined Cheddar News to discuss how global supply chains could be disrupted even further by an armed conflict in Ukraine.
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
A new report by the Foreign Correspondents Club of China warns that press freedom in the most populous country in the world is declining at an alarming speed. Cheddar News speaks with Steven Butler, Asia Program Coordinator at the Committee to Protect Journalists, about the hardships journalists face in China.
Rep. Nancy Mace (R-S.C. 1st District) joined Cheddar to discuss her cannabis legalization bill, the States Reform Act, and the prospects for gaining bipartisan support for a bill that has garnered the endorsement of e-commerce giant Amazon. This legislation is supported by businesses large and small, Amazon obviously being the most recent and largest business to support it," Mace said. "They don't want to sell pot. But what it does do is it affects their working employment pool." She stated that 10 percent of eligible new hires for Amazon are affected by restrictive marijuana laws. The representative also explained that the bill leaves equity provisions up to the states rather than mandating them on a federal level.
After a number of tragic subway incidents, the MTA is facing increased pressure to install subway platform screens to help prevent injury or death. However, according to an earlier report from the MTA, installing these prevented measures isn't feasible. New York City Council Member Keith Powers, joined Cheddar to discuss more.
Across the country, states are working to redraw their congressional lines in what is often known as gerrymandering. These news lines are expected to determine the balance of power between Democrats and Republicans within the next decade. Senior Counsel for the Brennan Center's Democracy Program, Michael Li, joined Cheddar to discuss more.
The state of California is officially planning to close its death row in the next two years. That state's governor Democrat Gavin Newsom says the plan is now to move all condemned inmates to other prisons and turn it into, as he calls it, a positive healing environment. Former U. S. Assistant Attorney and Legal Analyst, David Katz, joined Cheddar to discuss more.
Anthony Saccaro, Founder and President of Providence Financial, joins Cheddar News' Closing Bell, where he elaborates on why he is excited that the market is beginning to rebound and believes February has the potential to be a good month after a turbulent January.
