After news around Michael Wolff's book, "Fire and Fury: Inside the Trump White House," broke, the relationship between former White House advisor Steve Bannon and President Donald Trump completely deteriorated. The former team engaged in a very public fallout, but political consultant Rick Wilson was not all surprised. Wilson joins Cheddar to break down what this means for the GOP and how a Mitt Romney Senate run could further shake the White House.
Wilson explains that the Bannon and Trump fallout was inevitable because of their egos. Bannon's brand now could be hurt because of Trump's attack.
Wilson says the reports from the book are not revelations. Wilson explains how reporters have been hearing these stories and reporting on them for some time.
Wilson switches gears to address the news that Romney could run for Senator Orrin Hatch's seat in Utah. Wilson thinks Romney would have a good chance of winning. He also notes how Romney would play the opposite role to Trump in Washington.
The Treasury Department pushed for the requirement to help close the tax gap in the crypto industry by forcing better IRS reporting, but legislators on both sides of the aisle argue that the language is too broad and could curb innovation in the space.
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Federal officials said Monday they are seeking more than $160,000 in fines from eight airline passengers over incidents involving alcohol.
President Joe Biden is ordering a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.
El Salvador President Nayib Bukele says his government will build an oceanside “Bitcoin City” at the base of a volcano.
President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Kyle Rittenhouse has been acquitted of all charges after pleading self-defense in the deadly Kenosha, Wisconsin, shootings that became a flashpoint in the nation’s debate over guns, vigilantism and racial injustice.
A sharply divided House has approved the Democrats’ sweeping social and environment bill, a big victory for President Joe Biden.
A rare first printing of the U.S. Constitution has sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
