After a bruising week for progressive Democrats that ruled out including a minimum wage hike in the $1.9 trillion COVID-19 relief bill, Congressional business on the legislation will continue next week. This is your Washington Week Ahead for the week of March 1.
Trump Speaks
Former President Donald Trump will speak at the Conservative Political Action Conference, commonly referred to as CPAC, in Orlando on Sunday. It will be his first major public appearance since leaving office and comes after a series of high-profile rebukes from Democrats, including an impeachment trial, while the Republican Party seems divided on how it moves forward. Plus, Sen. Mitch McConnell (R-Ky.) keeps flip-flopping in his support, pledging to support Trump if he runs for the White House again in 2024, just days after holding him responsible for the January 6 insurrection on the Capitol building. Trump has pledged a return of his Make America Great Again movement and CPAC will provide a friendly platform for that exact messaging, further highlighting the hold he still has on his party.
Stimulus Stalemate
The Senate will begin debate on the American Rescue Plan on March 1, marking the first time the chamber is officially taking up the latest round of coronavirus relief spending. The nearly $2 trillion rescue package includes $1,400 stimulus checks for Americans, billions in federal relief for state, local, and tribal governments, and a huge bucket of money for vaccine rollout. Because the Senate has a legislative filibuster, the bill must adhere to the Byrd Rule, a parliamentary procedure that allows budget reconciliation legislation to pass without being subject to the filibuster. One thing we know for sure is that the final Senate version of the bill, expected to pass next week, will not include a federal minimum wage increase after the parliamentarian determined it would be against the rules. The current federal minimum wage is $7.25 and has remained unchanged since 2009.
Voting Rights in the Spotlight
Now that the House of Representatives has finished with COVID relief, it’s on to other priorities. In the last Congress, House Democrats passed H.R. 1, the For the People Act, a sweeping election reform bill. It languished in a Republican-controlled Senate. This is a chance for the chamber to try again — but expect a lot of amendments from Republicans, looking to strike down provisions like universal vote-by-mail and extended early voting periods, as well as a national holiday for Election Day. At the same time, the United State Supreme Court will hear arguments on a pair of Voting Rights Act cases that could further erode protections for disadvantaged voters. So in the first week in March, 20 months before the 2022 midterm elections, all eyes in Washington will be on voting rights.
Meta, the parent company of Facebook, is facing a lawsuit from Ohio's attorney general Dave Yost, who said the company misled the public about safety on the platform.
Cases of covid-19 are climbing in the Upper Midwest, Southwest, and parts of the Northeast. The seven-day national average is sitting at roughly 82,000 new cases which is an 11 percent jump from the week before. Dr. Amesh Adalja, Infectious Disease, Specialist, Sr. Scholar at Johns Hopkins Center for Health Security joined Cheddar's Opening Bell to discuss this recent uptick ahead of the holiday season.
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years.
Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Harvard Business School Professor Ranjay Gulati joined Wake Up With Cheddar to break down the massive challenge the Biden Administration faces in ensuring projects in the $1.2 trillion infrastructure bill are completed on time and on budget.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
In this week's Cheddar Changemakers, Megan Pratz spoke with a 16-year-old climate activist Sarah Goody. She is the founder of a youth-led climate action group 'Climate NOW.'
We toss around the term "democracy is under attack" quite often without thinking too much, but one organization is actually stepping up to do something about it. The Fairness Project is a group that funds and organizes state ballot measures across the country. It has used ballot initiatives on campaigns aimed at expanding Medicaid, adding more paid time off, and raising minimum wage. It recently launched a new direct democracy campaign to fight back against attempts to make ballot measures inaccessible.
Kelly Hall, executive director of The Fairness Project, joined Cheddar Politics to discuss more about the group's efforts to push for economic and social justice, avoiding partisan gridlock.
Doug Flynn, Certified Financial Planner and Co-Founder of Flynn Zito Capital Management, joins Cheddar News' Closing Bell, where he says he believes the news of the infrastructure bill was already priced into the market and that inflation continues to loom large on Wall Street.
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
