*By Kate Gill* After days of speculation, controversy, and protest, Brett Kavanaugh moved a big step closer to taking a seat on the Supreme Court after clearing a procedural vote in the Senate, and winning the support of moderate Republican Senator Susan Collins of Maine. The Senate will hold a formal confirmation vote on Saturday, and barring a surprise change of heart by Republican Senators, Kavanaugh seems assured of the votes he needs. Among the four Senators seen as possible swing votes, Fellow Republican Jeff Flake of Arizona said he would support Kavanaugh, as did Democrat Joe Manchin of West Virginia. Among the wavering Senators, only Lisa Murkowski (R-AK) seems likely to vote against him on Saturday. Murkowski was a no during the procedural vote, suggesting she has shifted her position on Kavanaugh's confirmation. The 51-49 procedural vote may be the penultimate turn in Kavanaugh's bumpy ride to the nation's highest court, but any senator can change his or her mind in the final hour. Senator Collins ー who had not previously declared her intention ー spoke on the Senate floor hours after the procedural vote, delivering a lengthy speech on her desire to confirm Kavanaugh and to put the debate to rest. "We've heard a lot of charges and counter-charges about Judge Kavanaugh, but as those who have known him best have attested, he has been an exemplary public servant, judge, teacher, coach, husband and father," she said. "Despite the turbulent, bitter fight surrounding his nomination, my fervent hope is that Brett Kavanaugh will work to lessen the divisions in the Supreme Court so that we have far fewer 5-4 decisions, and so that public confidence in our judiciary and our highest court is restored. Mr. President, I will vote to confirm Judge Kavanaugh." Sen. Flake also indicated in a statement on Friday he will vote yes on Kavanaugh's confirmation, "unless something big changes." Collins' unequivocal statement of support for Kavanaugh came just over a week after the nation was riveted by the public testimony of Dr. Christine Blasey Ford, who said Kavanaugh had sexually assaulted her when they were both in high school 36 years ago. After initially resisting calls to reopen the background investigation into Kavanaugh, Republicans on the Senate Judiciary Committee agreed last week to bring in the FBI to investigate Dr. Ford's allegations. The FBI interviewed a small number of individuals but closed the investigation on Wednesday, producing a report that said the agency could find no evidence to corroborate Ford's accusations. Democrats and Ford's lawyers have criticized authorities for not interviewing her, or Kavanaugh, or any potential witnesses that might support Ford's account of a high school party, where the nominee allegedly assaulted her. Following Friday's procedural vote, President Trump [tweeted](https://twitter.com/realDonaldTrump/status/1048226225196552193) that he was "very proud" of the Senate.

Share:
More In Politics
End of Child Tax Credit Could Mean Slide Back Into Increasing Child Poverty
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.
President Biden Speaks with Ukrainian President Ahead of Russia Meeting
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.
NYT Piece Claims Silicon Valley Investors and Founders Contorted Legal Tax Break to Avoid Taxes on Investment Profits
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.
This Year In Trivia
Hena Doba and Azia Celestino recap some of the biggest stories of the year, and learn a thing or two while they're at it. It's This Year in Trivia!
Looking Ahead to Regulating Uber, Lyft, and the Gig Economy in 2022
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.
2022 Promises a Mixed Bag of Market Predictions
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.
Load More