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.
Pfizer has asked the FDA to expand authorization of COVID booster shots for all adults. The agency is expected to grant the request in the coming weeks, allowing vaccinated Americans as young as 18 to get boosted before the holidays. Dr. Bayo Curry-Winchell, Regional Clinical Director at Carbon Health, joined Cheddar to discuss.
The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
Almost 2 years into the pandemic, supply chain woes continue to wreak havoc on our everyday lives.
From groceries to chip shortages, both consumers and retailers are feeling the strain with prices only climbing as a result. Data intelligence company Morning Consult is out with its U.S. Economic Outlook for November revealing just how much of a threat these hold-ups could pose to the greater economic recovery. John Leer, Chief Economist at Morning Consult joined Cheddar's Opening Bell.
After many years and at least two presidents hoping to overhaul America's infrastructure, congress finally came to an agreement. The House passed the bipartisan infrastructure bill late Friday, receiving thirteen republican votes but failing to earn votes from the six progressive squad members. Joseph Zeballos-Roig, Economics Reporter at Insider joined Cheddar's Opening Bell to discuss the economic impact of the bill.
