New York Congressman: Dream Act a Must Before Discussing Budget
Congress must come to a decision on the debt ceiling and the national budget by the end of the year, but according to one lawmaker, the priority has to be the “Dreamers.”
“A clean version of the Dream Act,” Rep. Adriano Espaillat, a Democrat representing NY’s thirteenth district, said on Monday. One that’s “not attached to hiring an additional 15,000 ICE agents to deport the parents of the Dreamers.”
The issue hits close to home for Espaillat. About 800,000 “Dreamers”, undocumented immigrants that travelled to the U.S. when they were children, live in his district, he said.
But their future in the U.S. is now at risk, since President Trump announced plans earlier this year to end Deferred Action for Childhood Arrivals. The legislation put in place by the Obama administration was meant to give these immigrants amnesty. The rollback has met with criticism from Democrats and Republicans alike.
Espaillat’s issues with Trump go deeper than just immigration though. The Dominican-born congressman is one of six Democrats currently calling Donald Trump to be impeached.
Lead by Rep. Steve Cohen, signees Al Green (D-TX), Luis Gutierrez (D-IL), Marcia Fudge (D-OH), John Yarmuth (D-KY), and Espaillat, presented the five articles of impeachment last week. They argue that Trump has obstructed justice, violated the Constitution’s foreign and domestic emoluments clauses and the freedom of the press, and undermined the federal judiciary.
“We have taken this action because of great concern for our country, our Constitution, our national security, and our democracy,” Cohen said at a press conference.
House Minority Leader Nancy Pelosi has discouraged action as severe as impeachment, but Espaillat argues that every person in office has the responsibility to take action in a case like this.
“We should not abdicate our responsibility as congressional members,” he said.
Private citizens are also taking up the cause. Former hedge fund manager Tom Steyer, a major donor to the Democratic party, is funding a campaign calling for action against Trump and has reportedly spent $20 million on ads.
“It’s up to all of us to stand up to this president,” one ad says.
According to the website, more than 2.5 million people have already signed a petition for impeachment.
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.
