Alabama is a deeply red state, but Democrats snagged their first Senate seat in two decades this week, when Doug Jones beat out former State Supreme Court Chief Justice Roy Moore. But the highly controversial win is a sign that Democrats need to return to their core values, one congresswoman told Cheddar.
“[The Party] for years now has become more beholden to the elite powerful few and special interest, rather than actually representing the broad Democratic values that exist in the grassroots across the country,” Rep Tulsi Gabbard (D-HI), told Cheddar.
Many politicians called constituents to go out and vote during this election, particularly because Moore was accused of predatory behavior with women and minors. Notwithstanding, during the elections President Donald Trump called on to constituents to go out and vote for Moore. Pundits also considered this election important because Republicans held the Senate majority with 52 seats, and this win gives Democrats some leverage ahead of elections in the coming year.
Gabbard, however, gives credit to the American people for Jones’ win and not the Democratic party.
“What you see are people saying my vote matters, my vote will make a difference,” she said.
For full interview [click here](https://cheddar.com/videos/rep-tulsi-gabbard-d-hi-net-neutrality-decision-will-hurt-the-small-guy).
The Federal Reserve has nixed the controversial word "transitory" to describe inflation in its latest policy statement. The change in language comes as the Fed plans to speed up its tapering of monthly asset purchases.
Former Minneapolis police Officer Derek Chauvin has pleaded guilty to a federal charge of violating George Floyd’s civil rights.
Congress has approved a $2.5 trillion debt limit hike, sending legislation to avert a catastrophic default to President Joe Biden for his signature.
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
The Senate Committee on Banking, Housing and Urban Affairs held a hotly debated hearing regarding fiat-backed stablecoins on Tuesday that still led to a conclusion the space needed some form of regulation.
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A British appellate court opened the door Friday for Julian Assange to be extradited to the United States by overturning a lower court's decision that the WikiLeaks founder's mental health was too fragile to withstand the American criminal justice system.
New Zealand’s government believes it has come up with a unique plan to end tobacco smoking — a lifetime ban for those aged 14 or younger.
