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.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
