U.S. Rep. George Santos, the New York Republican whose lies about his background and wealth helped propel him into office, announced Monday that he's running for reelection.
More than perhaps any incumbent, Santos enters the race as an underdog — abandoned by many fellow Republicans while facing investigations over a myriad of allegations about falsehoods during his last campaign.
During that race, Santos portrayed himself as a graduate of prestigious colleges who had gone on to have a successful career on Wall Street while amassing a real estate investment portfolio. In reality, he didn't go to college, didn't work for the Wall Street firms where he claimed to have made big deals and had struggled in recent years to pay his rent.
In his campaign announcement, Santos didn't mention any of that and instead highlighted his zeal in fighting for conservative principals in Washington and his background as “a poor boy of immigrant parents in Queens.”
“We need a fighter who knows the district and can serve the people fearlessly,” he said.
Santos has previously referred to the fabrications about his background, which included lying about having Jewish ancestry and about having been a star volleyball player, as harmless embellishments.
Journalists have also uncovered other issues in his past, including criminal theft charges in Pennsylvania in 2017 and charges from years ago in Brazil, where he was accused of using a fraudulent check to buy apparel.
Despite those allegations, Santos refused calls from many fellow New York Republicans to resign.
Carlo and Baker cover the latest developments with the Omicron variant, and break down what we know and what we still don't. Plus, a relatively tame Black Friday, and more.
Jurors on Wednesday convicted the three white men charged in the death of Ahmaud Arbery, the Black man who was chased and fatally shot while running through their Georgia neighborhood in an attack that became part of the larger national reckoning on racial injustice during the summer of 2020. Trial attorney and former prosecutor Leslie Ricard Chambers joins Cheddar News' Closing Bell to discuss the verdict, possible sentencing, and more.
Kyle Rittenhouse was acquitted of all charges Friday after pleading self-defense in the deadly Kenosha shootings that became a flashpoint in the debate over guns, vigilantism and racial injustice in the U.S. Criminal Defense Attorney Anthony Tall joins Cheddar News' Closing Bell to discuss the verdict, potential judicial precedent, and more.
President Biden has announced his intent to nominate Fed chair Jerome Powell for another four-year term, with Lael Brainard serving as vice chair. This comes at a crucial time for the economy as inflation is surging, the supply chain is broken, and labor shortages are hampering businesses across the country. Sabrina Escobar, reporter for Barron's, discusses why Biden passed up the opportunity to put the central bank in the hands of a Democrat, and what challenges Powell faces in his second term.
Jill and Carlo are a bit delayed today on account of Carlo's internet not working. Better late than never, they discuss what we know about the suspect in the Christmas parade crash, closing arguments in the Arbery killing trial, and more.
Stocks began the week closing at session lows on a day when bond yields rose and President Biden decided to stick with Jerome Powell as Fed Chair. Bryan Lee, Chief Investment Officer at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell, where he breaks down the day's activity and discusses what the Fed now needs to do going forward.
President Joe Biden announced Monday he is re-nominating Federal Reserve Chairman Jerome Powell after weeks of speculation that he would choose Democrat and Fed Governor Lael Brainard to fill the role. Biden could be looking for continuity as the U.S. continues to grapple with COVID-19 and high inflation, and investors could be on the same page: markets and treasuries ticked up after the White House made the announcement. MarketWatch Senior Reporter Greg Robb joins Cheddar News' Closing Bell to discuss Powell's re-nomination, what we can expect from the Fed's December meeting, whether it will speed up its taper timeline, and more.
