Despite the Senate quickly removing the controversial $15 federal minimum wage hike passed in the House version of the latest COVID stimulus bill, Republican lawmakers are still speaking out against other items included in the plan as Senate Democrats rush to finalize their version of the bill.
For Rep. Kat Cammack (R-Fla. 3rd District), the price tag, which includes checks for qualified Americans, is too high.
"As far as the stimulus, that is a temporary solution and, again, it just adds to the further debt that our nation is in. For us, as millennials, this is killer because this is on our shoulders. The generations before us, they're not going to have to deal with these problems of sequestration," she told Cheddar. "It's millennials and Gen Zs that are really footing the bill for this."
At 33 years old, Cammack is currently one of the youngest members serving in the House.
In a letter to President Joe Biden, Cammack said approving another trillion-dollar spending bill would be irresponsible, in part, because funds from previous relief bills still have not been allocated.
The cost of the COVID relief bill was not the only concern for Cammack, however. The Florida congresswoman described other measures in the bill as a "wish list of projects" that Democrats are trying to push through.
"It has nothing to do with rescuing America from this pandemic. It had nothing to do with COVID relief," she alleged. Cammack stressed the need to get vaccines for Americans interested in receiving it and reopening schools.
"What does an underground tunnel in Silicon Valley have to do with COVID relief? What does a bridge in New York have to do with COVID relief? This was just some of the garbage that was tucked into this bill," she protested.
While a new poll from Morning Consult and Politico showed more than 70 percent of voters -- including more than half of GOP voters -- support the bill as it stands, Cammack said her party isn't worried about efforts to strike down the relief plan backfiring.
"The previous bills in 2020 under President Trump were all bipartisan. There was Republican and Democrat support. In this bill that Nancy Pelosi just pushed through last week — actually at 2:30 in the morning — that not only had every single Republican vote against it but members of her own caucus," she said.
Markets opened slightly higher to kick off the final trading week of the year as investors continue to watch the Omicron variant in the U.S. Sean O'Hara, President, Pacer ETFs joined Cheddar's Opening Bell to discuss what drove early market activity.
Carlo and Baker kick off the weirdest week of the year with all the news you missed over the holiday weekend, including calls for the CDC to shorten its isolation window as Omicron sweeps through the country.
Former professional tennis player Patrick McEnroe joined Cheddar to discuss the troubling issues surrounding player Peng Shuai who appeared potentially to have been silenced following her social media post accusing former Vice-Premier Zhang Gaoli of sexual assault. Shuai's subsequent disappearance, reappearance, and apparent retraction of the accusation in an interview only added to worries. "When this happened, all of us in the tennis community were very concerned. And, by the way, another thing Peng said in this interview was that she doesn't speak very good English," McEnroe noted. "Well I can assure you, she speaks darn good English, 'cause I spoke to her on many occasions over the last 15 years."
Universities like UCLA, Yale, and Duke have announced they're implementing remote learning amid the COVID omicron variant surge, despite President Biden recommending that K-12 schools should continue in-person education. Jared C. Bass, senior director for Higher Education at American Progress, joined Cheddar to break down what institutions of higher education might be considering differently. "I think some universities are allowing periods of a bit of a respite to allow students to get testing and make sure when they do return back to campus that they're healthy," he noted.
The S&P closed at a record at the major markets ended Thursday's session higher for a third straight day. Adam Coons, Portfolio Manager at Winthrop Capital Management, joins Cheddar News' Closing Bell, where he discusses what has investors feeling jolly before Christmas, and gifts investors with winning buying opportunities entering 2022.
The Supreme Court will hear arguments on President Joe Biden's vaccine mandates for large companies and health care workers on January 7, 2022. The mandates will remain in place until then.
Carlo and Baker cover the heartening news on the Covid front ahead of the holiday, plus President Biden punting student loan repayments again, a new space telescope and Love, Hate, Ate: Christmas Eve Eve Edition!
This year's worldwide semiconductor shortage limited the supply of everything from new cars to smartphones; and now, many in the chip industry expect the shortage to continue deep into 2022, and maybe even 2023. Semiconductor senior research analyst for Robert W. Baird & Co., Tristan Gerra, joins Cheddar News' Closing Bell to discuss.
