Rep. John Conyers (D-MI) Retires After Allegations of Sexual Misconduct
Rep. John Conyers (D-MI) announced he is retiring after allegations of sexual misconduct on Tuesday. The Hill's Niv Elis explains the significance of this move in Washington.
Elis said this is a "really big deal," and wonders Conyers' announcement marks an incremental shift towards a zero-tolerance approach on Capitol Hill. Several women have come forward with allegations of sexual misconduct against the congressman. More claims surfaced after BuzzFeed News reported on a 2015 settlement regarding a wrongful dismissal complaint. Conyers has denied accusations of sexual misconduct.
"Stepping down because of allegations is a sign of shift in what and how Washington is dealing with sexual misconduct issues," said Elis. On Tuesday, Conyers said he is endorsing his son for his seat in Congress.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
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David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
