From Hollywood to Capitol Hill, the allegations of sexual harassment against prominent figures in their industries seem to be piling up.
And one policymaker wants to change how claims of harassment are handled in the nation's capital.
“I would like to know how much money was spent [to settle claims of] sexual harassment,” Representative Gregory Meeks tells Cheddar, adding that there’s a lot to be done in terms of changing the prevailing system.
Current policy for harassment claims in Washington doesn’t require that the amount of settlements are disclosed. Meeks says that not only do taxpayers deserve to know when their money is being used as a settlement, but that there needs to be a space that encourages victims to come forward.
The New York Democrat is calling for a “zero tolerance” policy.
Meeks’ statements come after Rep. John Conyers (D-MI) resigned from his position as a ranking member of the House Judiciary Committee amid a wave of accusations. The eighty-eight year old reportedly reached a $27,000 taxpayer-funded settlement in 2015 with a staffer who reportedly refused his advances. While Conyers has denied any wrongdoing, he said he’s decided to step aside to allow the House Ethics Committee to conduct its investigation.
Sen. Al Franken (D-MN) has also had to respond to allegations that he groped or forcibly kissed women without their consent. In a short press conference Monday, the SNL alum apologized for his behavior and promised he’ll work to regain voters’ -- and women’s -- trust. Franken was recently defended by female co-stars of SNL who called him a family man and stood in solidarity with him.
Then there’s Alabama Senatorial candidate Roy Moore, who’s running to fill the seat vacated by now-Attorney General Jeff Sessions. The GOP judge has been accused of preying on teenage girls while he was in his early thirties. He has rejected those claims and won the endorsement of President Donald Trump.
Many have called for the politicians involved to step down entirely. Meeks supports an investigation into allegations against Franken and others, but draws a sharp distinction between that and those who have a track record of abuse.
“Roy Moore is a whole different thing, even Charlie Rose, where you see a pattern of consistent and persistent aggression trying to lure someone into bed,” he said. “Or even the words of the current President of the U.S. who said that he felt, because of his celebrity, status to grab women where he wanted to grab them.”
House Minority Leader Nancy Pelosi, meanwhile, came under fire for her defense of Conyers this weekend. After calling for an ethics investigation against her colleague, the California Democrat went on NBC’s “Meet the Press” and made statements that some perceived as bipartisan or tone-deaf.
In an interview Sunday, before Conyers stepped down from the Judiciary Committee, Pelosi touted his record in support of women and questioned the identity of his accusers.
Rebecca Walser, President of Walser Wealth Management, joins Cheddar News' Closing Bell, where she discusses the factors behind Monday's surge on Wall Street and explains why investors will likely experience volatility in the market throughout the month of December.
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
