*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.

Share:
More In Politics
biden putin
Face to face for just over two hours, President Joe Biden and Russia’s Vladimir Putin squared off in a secure video call Tuesday as the U.S. president put Moscow on notice that an invasion of Ukraine would bring enormous harm to the Russian economy.
Instagram Rolls Out New Teen Safety Updates
Ahead of Instagram head Adam Mosseri's congressional hearing on the mental impact of the social platform on teens, the company announced a number of updates aimed at teen safety.
Evergrande Shares Sink as Real Estate Giant Nears Debt Default
Troubled Chinese real estate giant Evergrande is once again nearing the brink of collapse. Shares of Evergrande sunk to a new record low on Monday, closing down 20 percent, as debt default fears resurfaced. Drew Bernstein, co-chairman at consultancy MarcumBP, joined Cheddar's Opening Bell to discuss. He said U.S. investors have to understand that "there is no company in China that's too big to fail, that's for sure," and that the Chinese government will be prioritizing the social welfare of the populace. Bernstein did note that it would be a managed collapse in some form.
Breaking Down U.S. Diplomatic Boycott of 2022 Beijing Olympics
Joan Greve, a politics reporter at The Guardian US, joined Wake Up With Cheddar to break down the implications of the Biden administration announcing a diplomatic boycott of the 2022 Beijing games in response to allegations of human rights abuses against Uyghur Muslims. She noted the significance of the move, assessing the already frayed relationship between the U.S. and China. "The Chinese have said that a boycott would be politically manipulative, and now they are actually threatening countermeasures," she said. "And that will certainly have an impact on the spirit of the games at the very least."
U.S. to Resume 'Remain in Mexico' Policy for Asylum-Seekers
The Biden administration has reached an agreement with the Mexican government to resume the "Remain-in-Mexico" policy under court order. By reinstating a Trump-era border policy, asylum-seekers will be forced to stay in Mexico until their U.S. immigration court date. The program is set to resume on Monday. Ryan Devereaux, a reporter for The Intercept, joins Cheddar News to discuss.
COVID-19 Causes Massive Backlog in Court Cases
COVID-19 is still battering the nation's criminal justice system, causing a massive backlog in cases and delaying verdicts for months on end. This, combined with the fear of crowded prisons during a pandemic, has prompted many defendants to plead guilty in exchange for time served or probation. Tina Luongo, attorney-in-charge of the Criminal Defense Practice, joined Cheddar to discuss the court backlog, the rise in plea bargains, and why this was an issue long before the pandemic.
High-Profile Cases Shine Light on Public Interest in 'Courtroom Drama'
With so many high-profile court cases taking over the media, from the trial over the murder of Ahmaud Arbery to the trial of Kyle Rittenhouse to the ongoing Elizabeth Holmes trial, Cheddar took a look at these cases and why there is such a big interest in them. Rachel Fiset, a white collar criminal defense lawyer and partner with Zeiback, Fiset, and Coleman, and Bryan Hance, attorney-at-law, professor, and academic program director of the pre-law and paralegal studies program at National University, joined Cheddar for a roundtable discussion on why there is so much public interest in so-called courtroom drama.
Load More