*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).
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
As Western companies cut ties with Russia over its invasion of Ukraine, there's a possibility their Chinese rivals could move in and fill the void. Major corporations such as Apple, Samsung, Dell, and more have halted sales in Russia in hopes of encouraging Putin to back down, but now it seems those sanctions could be presenting a unique opportunity for China. Michael Friedson, Co-founder and Executive Editor of The Media Line News Agency, joined Cheddar's Opening Bell to discuss how these Western boycotts are reshaping geopolitical alignments, the global economy, and international trade.
Gas prices have reached their highest level since 2008, topping an average of $4 across the country. The surge comes as Russia's invasion of Ukraine triggers supply concerns in what was already an extremely tight oil market. Jay Hatfield, Chief Investment Officer at ICAP, breaks down why costs at the pump are so high right now, and just how high they could go.
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
If confirmed, judge Ketanji Brown Jackson could become the first black woman on the bench of the U.S. Supreme Court. Cheddar News speaks with Katie Barlow, Chief Legal Correspondent at Fox 5 to discuss the significance of the nomination.
The European Union is historically divided and slow when it comes to decision-making, but in the recent weeks, the 27 members have agreed upon several sanctions and decisions regarding foreign policy and defense. The EU has cut off Russian banks from the swift payment system, blocked Russian propaganda channels, and closed European skies for air travel to and from Russia. Germany, for example, who has refused to send any deadly weapons to conflict zones, has now agreed to send lethal weapons to Ukraine. Rupert Steiner, London Bureau Chief at Barron's, joins cheddar news to discuss.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
