These are the headlines you Need2Know: *President Trump meets with Russian President Putin in Helsinki, Finland, days after the indictment of 12 Russian operatives for trying to disrupt the 2016 election. *A federal judge blasts the HHS giving them one more week to reunite 2,000 families at the border after the administration missed the initial deadline. *Protests erupted in Chicago over the weekend after a popular barber was shot and killed by the police. *Novak Djokovic and Angelique Kerber won Wimbledon titles over the weekend. And France took home the World Cup. Cheddar's Hope King gives us the details.
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How Wyoming Became a Top Tax Haven With Its 'Cowboy Cocktail'
The Cowboy State has become one of the world's top tax havens, according to the Pandora Papers, a trove of more than 11.9 million documents obtained by the International Consortium of Investigative Journalists and The Washington Post. The papers reveal, among other things, how ultra-wealthy people from around the world move money into the U.S., invest, and spend it under a shroud of secrecy. Allison Tait, University of Richmond law professor, joined Cheddar to talk about Wyoming's laidback tax laws, their impact on the nation's economy, and provided some details on the financial arrangement known as the "cowboy cocktail."

Omicron Dominant, Trump Booed for Booster & First Puppy
Carlo and Baker preview President Biden's address to the nation as Omicron becomes the new dominant Covid strain. Plus, Trump gets booed for getting his booster and the White House gets a new puppy.

The Dangers of a Russa-China Partnership
China and Russia are saying they want to work closer together in different areas after a recent call between Presidents Xi Jinping and Vladimir Putin. What are the implications of a close partnership between Beijing and Moscow? Cheddar News breaks things down with expert Hagar Chemali.

Stocks Close Mostly Lower; Dow Suffers 500-Point Drop
Michele Schneider, Partner and Director of Trading Research & Education for MarketGauge.com, joins Cheddar News' Closing Bell, where she says the spread of the Omicron variant and Jerome Powell's comments following the latest Fed decision are spooking investors heading into the weekend.

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need2know-afternoon-edition-121721

J&J Vaccine, Build Back Later & Love, Hate, Ate
Carlo and Baker wrap up another week discussing the latest explosion in new Covid cases in the Northeast, President Biden's stalled agenda and more. Plus, Love, Hate, Ate featuring the question: why did movie dialogue get so hard to understand?

Millions of Children May Slip Back into Poverty without Child Tax Credit Check
Since July 2021, families with children have received monthly payments from the federal government as part of the expanded child tax credit, a policy that may be expiring this month. Megan Curran, policy director at the Center on Poverty and Social Policy at Columbia University, joined Cheddar News to discuss.

Student Loan Moratorium Unlikely to Get Extended Despite Omicron Variant, Inflation
During the pandemic, student loan debt repayment was put on pause amid an unprecedented crisis. However, on February 1, 2022, the schedule is set to resume, and currently it looks as though the Biden administration has no plans to extend it. Cody Hounanian, the executive director of the Student Debt Crisis Center, spoke to Cheddar about why he believes the loan collection pause needs to at least be extended as borrowers are still struggling with the resurgent pandemic and inflation. "There's really no good economic or policy or political reason as far as why they're focused on getting payments started now," Hounanian said. "We surveyed 33,000 people with student loans last month. Nine out of 10 told us that they are not ready to resume payments."

need2know-afternoon-edition-121621
need2know-afternoon-edition-121621



