*By Carlo Versano*
Texas Democrats find themselves in an odd position two months before a major election: running a competitive statewide race.
Optimism that Rep. Beto O'Rourke could unseat Republican incumbent Ted Cruz in the Senate is palpable in Democratic circles, said Texas Monthly's politics editor Carlos Sanchez. The race is now a "toss up," according to [Real Clear Politics] (https://www.realclearpolitics.com/epolls/2018/senate/tx/texas_senate_cruz_vs_orourke-6310.html).
O'Rourke, who was elected to the U.S. House in 2013, has been surfing a wave of positive national press and an unorthodox, social-media-savvy campaign that found him traveling to all 254 counties of the deep red state and streaming his journey online.
All summer he's been gaining on Cruz who, compared to the charismatic O'Rourke, suffers from a "likability issue," Sanchez said. After all, Cruz's Republican colleague Lindsey Graham once famously [said](http://thehill.com/blogs/blog-briefing-room/news/313969-graham-to-cruz-i-want-to-apologize-to-ted-for-saying-he-should): "If you killed Ted Cruz on the floor of the Senate, and the trial was in the Senate, nobody would convict you."
Sanchez said that kind of sentiment may work in O'Rourke's favor: "The base for Cruz seems to be crumbling a bit."
But there are still challenges. While O'Rourke has out-raised Cruz by a wide margin, mostly from small-dollar donors, Cruz is better organized and allied with the powerful Koch network of donors. Sanchez said that "formidable" campaign infrastructure could pose a threat to the Democrat.
And the issue of Donald Trump looms large.
The president accepted an invitation to campaign for Cruz after Texas Lt. Gov. Dan Patrick [reportedly](https://www.politico.com/story/2018/09/09/ted-cruz-reelection-trump-813354) pleaded with him to throw his support behind Cruz, a man he incidentally referred to as "Lyin' Ted" on the campaign trail.
Though that may end up working against the incumbent, Sanchez said. O'Rourke, who is popular with young and minority Democrat voters, needs those blocs to turn out on Election Day. A fiery Donald Trump rally weeks before may compel them to do just that.
O'Rourke "is the national Democrat of Texas right now," Sanchez said.
For full interview [click here](https://cheddar.com/videos/republicans-go-into-crisis-mode-as-democrat-beto-orourke-closes-in-on-ted-cruz-in-texas-senate-race).
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.
