*By Justin Chermol*
California Rep. Ro Khanna has a novel idea about how to solve the government shutdown: call in some experts.
"Why don't we get an independent group of experts? The president appoints two people. The House appoints two people. The Senate appoints two people," the Silicon Valley-based Democrat suggested. "Put them in a room ー six folks ー and have them come up with proposals that are going to be 6-0."
"Arbitrators do this all the time. Mediators do this all the time," he told Cheddar's J.D. Durkin. " People sue each other, they have disputes and somehow it gets resolved. "It’s only in the United States government that we’re unable to move forward."
Well into its fourth week, the partial government shutdown shows no signs of ending. As the California congressman representing Silicon Valley, Khanna understands its impact not only on federal workers, but also his tech-based constituency. Private companies looking to file an IPO have been stalled by the government stalemate, which has hampered the work of the Securities and Exchange Commission.
"You ... don't have startups being able to go public, and there is a whole line of companies that can't get public, can't go public because of the shutdown," Khanna explained.
He said this should concern President Trump, who has taken credit for last year's stock market increases ー and may find himself shouldering the blame if the market continues to show weakness.
"If the President obsesses over the stock market ー he's hurting the stock market, he's hurting our innovation, he's hurting our entrepreneurship. This is actually having real damage," Khanna said.
Oil companies offered a combined $264 million for drilling rights in federal waters in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise.
Adidas is withdrawing its challenge to a Black Lives Matter trademark application featuring three parallel stripes, two days after it contested the image with the U.S. Trademark Office.
The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users' private data.
Russia’s top security agency arrested an American reporter for the Wall Street Journal on espionage charges, the first time a U.S. correspondent was put behind bars on spying accusations since the Cold War. The newspaper denied the allegations against Evan Gershkovich.
North Carolina residents can now buy a handgun without getting a permit from a local sheriff. The Republican-controlled state House on Wednesday overrode the Democratic governor’s veto.
Longtime Starbucks CEO Howard Schultz is facing sharp questioning before the Senate Health, Education, Labor and Pensions Committee where he is defending the company’s actions during an ongoing unionizing campaign.
Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, U.S. lawmakers said Wednesday.
According to a Reuters report, JPMorgan CEO Jamie Dimon is being deposed over the bank's relationship with sex offender Jeffrey Epstein.
Capitol hill is trying to get to the bottom of the bank collapses that shocked the financial system last month, and today lawmakers grilled banking regulators about why they weren't able to stop the crisis. Cheddar News correspondent Lisa Bennatan broke down the proceedings.
Juul will finally have its day in court for its role in the teen vaping epidemic. The Minnesota attorney general is preparing for opening arguments in the state's lawsuit against the vape maker. Here to break down the complicated backstory for this legal case is Senior Reporter Chloe Aiello.
