Rep. Khanna Thinks Congress Needs Some Outside Help to Solve Shutdown
*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.
In a flurry of diplomacy across two continents, President Joe Biden emerged from a meeting with Germany’s new leader to vow the crucial Nord Stream 2 gas pipeline in Europe would be blocked if Russia further invades Ukraine.
Kristin Myers, Editor-in-Chief at The Balance, joined Cheddar News to preview the January jobs report, and to break down the racial disparity in employment numbers in the U.S.
Jarrod Loadholt, Partner at Ice Miller, joins Cheddar News' Closing Bell, where he breaks down the latest proposal by the SEC and explains how it could allow the agency to make major regulatory moves within the cryptocurrency space if approved.
Personal data platform Caden raised $3.1 million in pre-seed funding. Caden says its service allows users to have complete control over their data and earn a profit from it by sharing certain data with trusted brands, while never relinquishing ownership. The company also says its goal is to transform the internet and the use of personal data and make a better system for both consumers and brands. Caden founder and CEO John Roa joins Cheddar News' Closing Bell to discuss.
The leaders of Russia and China have declared their joint opposition to any expansion of NATO and affirmed that the island of Taiwan is a part of China.
U.S. employers stepped up hiring in January, adding 467,000 jobs despite a wave of omicron inflections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
As we celebrate Black History Month, Cheddar is highlighting prominent Black Americans who are carving their own historic paths and trailblazing in their industries. Today we profile Newark, NJ, Mayor Ras Baraka.
President Joe Biden is committing to reduce the cancer death rate by 50% over the next 25 years. That's a new goal for the “moonshot” against the disease that was announced in 2016 when Biden was vice president.
A major winter storm with millions of Americans in its path brought a mix of rain, freezing rain and snow to the middle section of the United States as airlines canceled hundreds of flights, governors urged residents to stay off roads and schools closed campuses.
