*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).
Carlo and Baker cover the latest developments with the Omicron variant, and break down what we know and what we still don't. Plus, a relatively tame Black Friday, and more.
Jurors on Wednesday convicted the three white men charged in the death of Ahmaud Arbery, the Black man who was chased and fatally shot while running through their Georgia neighborhood in an attack that became part of the larger national reckoning on racial injustice during the summer of 2020. Trial attorney and former prosecutor Leslie Ricard Chambers joins Cheddar News' Closing Bell to discuss the verdict, possible sentencing, and more.
Kyle Rittenhouse was acquitted of all charges Friday after pleading self-defense in the deadly Kenosha shootings that became a flashpoint in the debate over guns, vigilantism and racial injustice in the U.S. Criminal Defense Attorney Anthony Tall joins Cheddar News' Closing Bell to discuss the verdict, potential judicial precedent, and more.
President Biden has announced his intent to nominate Fed chair Jerome Powell for another four-year term, with Lael Brainard serving as vice chair. This comes at a crucial time for the economy as inflation is surging, the supply chain is broken, and labor shortages are hampering businesses across the country. Sabrina Escobar, reporter for Barron's, discusses why Biden passed up the opportunity to put the central bank in the hands of a Democrat, and what challenges Powell faces in his second term.
Jill and Carlo are a bit delayed today on account of Carlo's internet not working. Better late than never, they discuss what we know about the suspect in the Christmas parade crash, closing arguments in the Arbery killing trial, and more.
Stocks began the week closing at session lows on a day when bond yields rose and President Biden decided to stick with Jerome Powell as Fed Chair. Bryan Lee, Chief Investment Officer at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell, where he breaks down the day's activity and discusses what the Fed now needs to do going forward.
President Joe Biden announced Monday he is re-nominating Federal Reserve Chairman Jerome Powell after weeks of speculation that he would choose Democrat and Fed Governor Lael Brainard to fill the role. Biden could be looking for continuity as the U.S. continues to grapple with COVID-19 and high inflation, and investors could be on the same page: markets and treasuries ticked up after the White House made the announcement. MarketWatch Senior Reporter Greg Robb joins Cheddar News' Closing Bell to discuss Powell's re-nomination, what we can expect from the Fed's December meeting, whether it will speed up its taper timeline, and more.
