While lawmakers on the House Intelligence Committee each got to have their say during Wednesday’s impeachment inquiry hearings, counsel for both the Democrats and Republicans did much of the legal questioning.
After the dust settled, though, lead counsel for the Republicans Stephen Castor was pilloried by Democrats for inconsistent and sometimes bizarre lines of questioning during the first day of impeachment hearings.
As Rep. Eric Swalwell (D-Calif.) put it in an interview with Cheddar, Castor was tasked with an impossible job.
“I wouldn’t put as much blame or fault on Mr. Castor,” Swalwell said. “You could resurrect Johnnie Cochran and put him on the Republican side, but the facts are the facts.”
“The President’s own words is the most powerful evidence we have,” Swalwell said.
At Wednesday’s widely-publicized hearing, Acting Ambassador to Ukraine William Taylor, revealed that he learned from a staffer last Friday that EU Ambassador Gordon Sondland had discussed “investigations” in a phone call with President Trump on July 26th. Taylor said that when he later asked Sondland about Trump’s thoughts on Ukraine, "Ambassador Sondland responded that President Trump cares more about the investigations of Biden, which Giuliani was pressing for."
In her weekly press conference Thursday, Speaker Nancy Pelosi told reporters that the testimony from Taylor and State Department official George Kent was “devastating” for the president, adding that it “corroborated evidence of bribery.”
“Is this who we are as a country?” Swalwell asked.
Meanwhile, Sondland is expected to appear before the House Intelligence Committee next Wednesday. Swalwell noted that the ambassador has already updated his closed-door testimony to “reflect what other witnesses had said” and called the “evolution” a “good thing.”
Before Sondland takes the witness stand, former U.S. Ambassador to Ukraine Marie Yovanovitch will testify publicly Friday. Yovanovitch was reportedly forced from her position earlier this year because she opposed the president’s Ukraine policy.
Following next week’s eight public testimonies, the House Intel Committee will compile a report, which it will send to the House Judiciary Committee. The Judiciary Committee will deliberate on possible Articles of Impeachment. If articles are drawn up and approved by the full House, impeachment proceedings would move to the Senate which would be responsible for holding a, presided over by Supreme Court Chief Justice John Roberts.
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.
