Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin announced new sanctions against Iran and its economy, including on eight individuals the officials said were involved in missile strikes on Iraqi bases housing U.S. personnel on Tuesday night.
"We will continue to apply economic sanctions until Iran stops its terrorist activities and commit[s] that it will never have nuclear weapons," Mnuchin said.
Adding details to President Donald Trump's announcement Wednesday that he intended to further sanction Iran, whose goods are already heavily sanctioned, Mnuchin said the president will sign an executive order authorizing new sanctions including 17 against the nation's economy and sanctions against individuals he asserted, "advance Iran's destabilizing activities and were involved in Tuesday's ballistic missile strike." Mnuchin, who last announced sanctions against the Middle Eastern nation in September 2019 after suspected attacks on Saudi Arabian oil facilities, said the administration has "100 percent confidence" that "the economic sanctions are working."
"We want Iran to behave simply like a normal nation," Pompeo told reporters in a White House briefing, saying he believed sanctions will help accomplish that goal. He added, "We're striking at the heart of the Islamic Republic's inner security apparatus."
Pompeo was pressed by reporters on the timing of attacks the president initially said were "imminent." The administration has been inconsistent in justification for the drone strike on Jan. 3 that killed Iranian top military commander Gen. Qassem Soleimani. In the past 24 hours, Trump said "they were looking to blow up our embassy," which the administration later explained he was referencing the storming of the Baghdad embassy on New Year's Eve. Though the Department of Defense had stated that the general had been "actively developing plans" to attack Americans in the region, Pompeo told Fox last night "we don't know precisely when and we don't know precisely where."
On Friday morning, Pompeo attempted to clarify the differing accounts, saying "we had specific information on an imminent threat and those included attacks on U.S. embassies. Period. Full stop."
Justification for the drone strike has had lawmakers up in arms for days, exacerbated by the five days it took the White House to brief Congressional leaders, a meeting two Republican Senators had excoriated as unacceptable and had them saying they would vote with Democrats in a war powers resolution.
Pompeo repeated this morning that Soleimani had been planning "a broad, large-scale attack against American interests," including U.S. embassies and bases in the region, and reiterated reports from the U.S. and its allies that the Ukrainian passenger jet that crashed after its takeoff in Iran, just hours after Iran had sent a retaliatory missile barrage at Americans housed in Iraqi bases, was "likely" shot down by an Iranian missile.
"When we get the results of that investigation, I am confident we and the rest of the world will take appropriate action," Pompeo said.
After 40 years of tension came to a head last month with the death of an American contractor, storming of the American embassy in Baghdad, and the killing of Soleimani, lawmakers worried the president had taken the U.S. to the brink of war with the Iran. On Jan. 8, Trump said Iran appeared to "be standing down" after its missile attack response.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
As the U.S. comes up on the first anniversary of the January 6 insurrection.,A.C. Thompson, investigative reporter at ProPublica, joined Cheddar's Baker Machado to discuss updates to American Insurrection by FRONTLINE, ProPublica and Berkeley Journalism’s Investigative Reporting Program. The documentary investigates the attack on the Capitol touched off by the lie that the presidential election was stolen from Donald Trump but with new information gleaned since the event including interviews with lawmakers and law enforcement and the evolution of groups like the Boogaloo Boys and the Proud Boys behind the attack. "In some ways those groups that were kind of the vanguard of January 6 are maybe no longer relevant because their message is everywhere," he 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.
