As the Senate enters a new phase of President Donald Trump's impeachment, Senator Tim Kaine (D-Va.) tells Cheddar he sees three things on trial: the U.S. Senate's reputation, the president's behavior, and the American system of justice.
Fifty-three senators in the 116th Senate hold law degrees and will be able to draw upon that knowledge when they enter the chamber to debate the merits of the articles of impeachment.
Kaine and Senator Bob Menendez (D-N.J.), the highest-ranking Latino member in Congress, both told reporters Wednesday that they have been able to use their legal training and experience as practicing attorneys during the trial.
Some of the Republicans expected to break party rank to vote in favor of hearing witnesses hold law degrees too. Senators Mitt Romney (R-Utah) and Lamar Alexander (R-Tenn.) hold law degrees from Harvard University and New York University, respectively. Senator Lisa Murkowski (R-Alaska) worked as an attorney for nearly a decade before joining the Senate.
Before going home to Richmond last weekend, Kaine told Cheddar he viewed the impeachment as putting the president's conduct is on trial along with the capability of the Senate. But after going home and speaking to people at gas stations and grocery stores, he found that the public sees this as a trial of our justice system. "I had thought of it more as the Senate's reputation or what the president's behavior was, but people were talking to me this weekend about that," said Kaine.
"A lot of people in this country have real questions about whether our justice system delivers impartial justice. Does our justice system deliver impartial justice?" he asked. "Or is there a different system for the rich and powerful folks?"
Though Kaine said he hadn't yet brought that point up to his Republican colleagues, he told Cheddar he plans to during the deliberation period about calling witnesses. Senators will have four hours to debate the question of witnesses or documents before voting, which is expected on Friday.
"That's certainly something I'm going to share with them," the senator stated.
During today's press conference, Kaine emphasized that "not once in 17 years did I ever have a trial where there were no witnesses or documents," and he believed that the American people would be able to discern between what a trial is and isn't. However, he told reporters that if no witnesses are called, it will support the "cynicism and anxiety about our system of justice" many Americans might be feeling.
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.
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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.
