Senators will get four hours of debate Friday before voting on whether to call witnesses and introduce documents — a vote that is expected to fail after Senator Lamar Alexander (R-Tenn.), announced late last night.
Alexander said that though the House Managers indeed proved the president used Ukraine aid to force an investigation into former Vice President Joe Biden and his son, he does not believe the conduct rises to the level of an impeachable offense.
Without Alexander's vote, the push for witnesses all but assuredly ended as Senator Lisa Murkowski (R-Alaska) joined him Friday in rejecting the call. Even if Senators Susan Collins (R-Maine) and Mitt Romney (R-Utah) were to vote yes, the motion will fail unless Chief Justice John Roberts makes a ruling that would set the vote aside, a ruling he is not expected to make.
Once the Senate votes on the witness issue, it's not clear what happens next. Senator Mike Braun (R-Ind.) told Cheddar that after the initial vote "it's not necessarily quick. There's a lot of parliamentary wrestling that goes on to bring it to the ultimate vote, which is the verdict.
"Even in Senator Alexander's statement, though he came to the wrong conclusion, he's said it was proven the president did what he was accused of," Senator Minority Leader Chuck Schumer (D-N.Y.) told reporters before the start of what may be the last day of the president's impeachment trial.
Republicans have made a few key arguments against witnesses, primarily that the House should have pushed harder to call witnesses, a court fight over testimony could prolong the trial for months, and that if the House says its case is clear it shouldn't need more evidence.
Democrats have argued Senate Republicans could keep the trial short by having Chief Justice John Roberts sign off on subpoenas because that would likely limit court reviews from lower courts. If Republicans do not vote for witnesses, Schumer says they are aiding the president in "the greatest cover-up since Watergate."
"The truth will eventually come out," Schumer said.
"Despite all the arguments back and forth, the bottom, bottom thing, is: I don't know how you can not want to hear from Bolton … One of the senators called it circumstantial evidence, so why wouldn't you want to hear from the man who was in the room where it happens," Senator Amy Klobuchar (D-Minn.) told reporters after the conclusion of yesterday's question and answer session at almost 11 pm ET.
She said she has always seen this as "an economic check, but also a decency check, a patriotism check on this president" and called today "game day."
Today's vote on allowing witnesses will ultimately set a precedent for impeachment trials moving forward, but also for questions about executive privilege and congressional oversight, as both House Managers and defense lawyers have repeatedly warned senators.
"You cannot have a true acquittal if you've not had a fair trial," Senator Kamala Harris (D-Calif.) said at a press conference on Friday morning.
"Let fairness ring … Americans know Democrats are for a fair trial and witnesses and documents are needed," Minority Leader Schumer said.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
