Members of the American public and lawmakers alike are demanding action after the unprecedented attack on the U.S. Capitol Wednesday that forced members of Congress into lockdown and delayed the counting of Electoral College votes. Congressman Seth Moulton (D-Mass. - 6th District) is among several lawmakers, including House Speaker Nancy Pelosi (D-Calif.- 12th District), calling for the removal of President Donald Trump from office for inciting the chaos that unfolded on Capitol Hill.
"What President Trump did was not only illegal, it was anti-democratic. It was un-American, and we need to show future generations of Americans and future presidents that they can't get away with this," Moulton told Cheddar.
For Moulton, the president is just one of several people culpable for fanning the flames of aggression that led to yesterday's attack on Congress. Though the congressman considers many of his GOP counterparts friends, he said, "they have blood on their hands" and should also be held accountable.
"At the end of the day, the domestic terrorists — and that's what they were, domestic terrorists, not protesters but domestic terrorists — who attacked our government outside the Capitol, breaking in and breaching the U.S. Capitol for the first time since the British in the War of 1812, those domestic terrorists outside the Capitol were supported and inspired by the lawless Republican lawmakers inside the Capitol who refused to respect the will of the American people," he said.
The Marine veteran who served as an infantry officer said two law enforcement breakdowns led to Wednesday's display: a lack of backup support for officers and a lack of competence displayed by members of the Capitol Police. "There are over 2,000 Capitol Police and yet, yesterday we saw them literally open barricades in some places for these protesters, taking selfies with these protesters, and fundamentally allowing them to overrun the Capitol," Moulton said.
While DC's National Guard will be mobilized for the next 30 days, Moulton said the president's refusal to activate the troops while the chaos was unfolding exposes a larger issue in the matter of the District of Columbia's lack of statehood.
"The president had no problem calling out the National Guard to put down peaceful protests this summer over Black Lives Matter but he did not want the National Guard called out against his own supporters," he said.
Though there are just under two weeks left of Trump's presidency, Moulton said impeaching the president has to be on the table to show that no one, not even the president, is above the law.
"Yesterday, he clearly broke the law, and he fundamentally violated his oath of office, which is to protect us Americans from all enemies, foreign and domestic," he added.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
