Tax Reform, the Budget, and Sexual Politics in Washington
Nick Johnston, Editor in Chief at Axios, and Nate Madden, CRTV's Congressional Correspondent, give a preview of the upcoming weeks in Washington, including a discussion about the women accusing President Trump of assault and the future of tax reform and budget agreements.
Johnston weighs in on whether President Trump will face the same repercussions that other men in powerful positions have faced in recent weeks over accusations of sexual harassment and assault. Three of the president's accusers spoke out Monday about their allegations.
Madden discusses the pressures the GOP faces to pass a piece of legislation before year's end, blaming the failure of healthcare reform on Congress as a whole, rather than on the President's administration.
We discuss the issues around the budget that are up for debate, including everything from funding Planned Parenthood to immigration to the border wall with Mexico. Nick does not think there will be a shutdown because neither party will want to deal with the fallout.
We also talk Roy Moore, as the Alabama Senate race comes to a close, with Nick noting how profound it is that an Alabama Senate race is competitive.
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
