As the House prepares to vote on a resolution today that would limit the president's ability to engage with Iran under the 1973 War Powers Act, Senator Chuck Grassley (R-Iowa) said there was "plenty of precedence" to support President Trump's authorization of a drone strike on January 3 that killed top Iranian commander Gen. Qassem Soleimani.
On Wednesday, Grassley's Republican colleagues Sens. Mike Lee (R-Utah) and Rand Paul (R-Ky.) blasted the president's long-awaited and delayed briefing on the killing.
"Don't get hung up on whether or not we had a proper briefing, which I think we did have a very proper briefing," Grassley told Cheddar Thursday. "Don't get that mixed up with the legality of what happened."
Lee called the briefing, which came five days after the airstrike was carried out, "probably the worst briefing I've seen, at least on a military issue, in the nine years I've served in the United States Senate." He said senators were told they could not dissent or debate, lest division within the government sends a signal of weakness to the Iranians.
He said briefers were asked repeatedly, "What, if anything, would trigger the need for the administration to come back to Congress" for a declaration of war or authorization of military force, to which one of the briefers indicated, essentially, "I'm sure we could think of something."
Grassley said when President Barack Obama had ordered the killing of Osama bin Laden, senators were also not told of the plan prior to the move, though bin Laden was considered an enemy combatant whereas Soleimani was a member of a state government. The Trump administration has said it ordered the strike because Soleimani was "actively developing plans to attack American diplomats and service members in Iraq and throughout the region," but has continued to refrain from explaining the intelligence, despite repeated criticism from lawmakers.
In a press conference Thursday, the president focused on Soleimani's violent history, calling him a "monster" who was the "big roadside bomb guy," though Soleimani was a top official in Iran. Other targeted killings carried out by the United States, like that of Abu Bakr al-Baghdadi in October 2019, have struck at extremist leaders without state affiliations.
Many lawmakers argue the president needed Authorization for Use of Military Force (AUMF) from Congress before the strike. On Thursday, Trump seemed to offer some additional information, saying "We did this because they were looking to blow up our embassy. We also did it for reasons that were very obvious." President Trump also said he had just approved new sanctions with details forthcoming.
House Speaker Nancy Pelosi addressed the dispute over AUMF and the strike against Soleimani during her regular weekly press conference on Thursday.
"The argument would be made that, putting the shoe on the other foot, if the United States had a high-level, maybe second most important person in the country, assassinated, wherever, the U.S. might consider that an assault on our country and the Iranians might as well, even though this took place at the Iraqi airport," she said. "It's foggy."
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
