*By Carlo Versano*
There is an unspoken tradition in Washington that the president faces the press a day after a midterm election that revokes power from his party in Congress. When Democrats gained control of both houses in 2006, a humbled President George W. Bush called it a "thumping." In 2010, an equally-chastened President Barack Obama admitted his party took a "shellacking."
No such thing happened on Wednesday.
President Trump vacillated between subdued and combative as he called Tuesday's election ー in which Democrats took control of the House and several pivotal governorships ー a "very close-to-complete victory."
Trump took credit for the GOP's ability to maintain control of the Senate and blamed certain losses of House Republican candidates on their disloyalty. He praised Rep. Nancy Pelosi, calling her "very smart," but then warned House Democrats that he would have Senate Republicans probe their conduct, should they use their newfound subpoena power to investigate him.
In a nearly two-hour-long press conference from the East Room of the White House that began with a low-key statement but quickly deteriorated into a rollicking Q&A, the president ratcheted up his antagonism of the gathered press corps. He called CNN's Jim Acosta a "rude, terrible person" and excoriated PBS' Yamiche Alcindor for asking "a racist question" when she attempted to probe him on whether his rhetoric was emboldening white nationalists.
As the president spoke, the AP called the contested Montana Senate race for Jon Tester, one of the Democrats that Trump was reportedly most hoping to defeat.
Former Minneapolis police Officer Derek Chauvin has pleaded guilty to a federal charge of violating George Floyd’s civil rights.
Congress has approved a $2.5 trillion debt limit hike, sending legislation to avert a catastrophic default to President Joe Biden for his signature.
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
The Senate Committee on Banking, Housing and Urban Affairs held a hotly debated hearing regarding fiat-backed stablecoins on Tuesday that still led to a conclusion the space needed some form of regulation.
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A British appellate court opened the door Friday for Julian Assange to be extradited to the United States by overturning a lower court's decision that the WikiLeaks founder's mental health was too fragile to withstand the American criminal justice system.
New Zealand’s government believes it has come up with a unique plan to end tobacco smoking — a lifetime ban for those aged 14 or younger.
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.
