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.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
