*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
Why Russia Resumed Attacks on Kyiv
Russia resumed attacks on the Ukrainian capital for the first time in months after vowing to focus its resources on the eastern region known as 'the Donbas.' Cheddar News Speaks with national security and foreign policy analyst Ari Aramesh on the latest developments surrounding Ukraine.
U.S. Stocks Close Slightly Higher As Inflation, Recession Fears Persist
U.S. stocks close Monday's session slight higher Monday as investors continue to monitor whether the economy will successfully avoid a recession. For many, fears over inflation and rising interest rates. Tommy Mancuso, president and co-founder of the Bad Investment Company, joins Cheddar News' Closing Bell to discuss.
'The End is Nye' With Bill Nye the TikTok Guy and His Natural Disasters Streaming Series
Bill Nye the Science Guy is back but on an even smaller screen. America’s favorite science teacher has racked up more than eight million followers on TikTok, and he joined Cheddar News to talk about his success on the platform, having fun but also being serious about scientific topics like tackling climate change, and his newest hosting project "The End is Nye," a streaming show on Peacock that examines disasters — both natural and manmade. "There are six episodes. We have big disasters. Things go terribly wrong, and then we show you how things could have gone right," he explained.
The Biden Administration Takes On Inflation
Cheddar Politics takes a look at the Biden Administration's effort to center inflation concerns in the White House's economic policies. Reuters White House reporter Jeff Mason joins Cheddar News to discuss what the White House is doing and what more it can do to help fix economic issues.
European Union Announces Historic Embargo On Russian Oil
In another round of sweeping sanctions against Russia for its war on Ukraine, European Union leaders have agreed to ban the vast majority of Russian oil by the end of the year. But, the embargo covers only Russian oil brought in by sea, allowing an exemption for fuel imported via pipeline. Christine McDaniel, a senior fellow with the Mercatus Center, discusses just how significant this deal is, and what impact it might have on the global energy sector.
U.S. Stocks Close Near Session Lows, Post Weekly Losses
U.S. stocks closed Friday's session near session to cap off the week in the red. The disappointing end to the day and week follows a lukewarm May jobs report from the Labor Department and comes as investors continue to eye future rate hikes from the Federal Reserve. Callie Cox, U.S. Investment Analyst for eToro, joins Cheddar News' Closing Bell to discuss.
Load More