Senators began submitting questions as the next phase of President Trump's impeachment trial opened Wednesday. Officials will have 16 hours over two days to ask questions that Supreme Court Chief Justice John Roberts will read aloud from index cards. Impeachment managers and the president's defense team will then have the chance to answer.
Senator Susan Collins (R-Maine), on behalf of herself and colleagues Senator Lisa Murkowski (R-Alaska) and Senator Mitt Romney (R-Utah), asked a question about how, if the president had mixed public and private motives for withholding aid to Ukraine, should the Senate consider that fact?
Patrick Philbin, one of the president's defense attorneys, said a mixed-motive does not matter as the charge is not impeachable. He said the House's case rests upon proving the that president's request for investigations was solely for personal reasons and once there is a "legitimate public interest," the managers' case "fails."
Though GOP leadership is still trying to whip enough Senators to block witnesses, public sentiment seems to be shifting. A new Quinnipiac University poll yesterday found 75 percent of registered voters say witnesses should be allowed to testify, including 49 percent of Republicans.
"I don't think we should [feel pressure to hear witnesses], I think we should get this over with," Rep. Mark Meadows (R-N.C. 11th District) told Cheddar just before the start of today's session.
As questions roll in, it appears Senators are looking to clarify conflicting stories that have been argued back and forth. Both sides can be seen whispering and passing notes while scrambling to come up with quick answers.
Rep. Adam Schiff (D-Calif. 28th District), leading the House Managers, clarified to Senators that the House did ask John Bolton to testify, but were refused. "When we subpoenaed Dr. Kupperman, he sued us, took us to court. When we raised a subpoena with John Bolton's counsel, the answer was ‘You serve us with a subpoena and we'll sue you too,’" Schiff said. Charles Kupperman was a former national security advisor to the president and Bolton's deputy.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
