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.
This March 19, 2018, file photo shows the Yelp app on an iPad in Baltimore. Yelp reports financial results Thursday, Nov. 7, 2019. The online review service will cover the travel expenses of employees who have to travel out of state for abortions, joining the ranks of major employers trying to help workers affected by restrictions being placed on the procedure in Texas and other states. The benefit announced Tuesday, April 12, 2022 covers Yelp's entire workforce of 4,000 employees, but seems most likely to have its biggest immediate impact on its 200 workers in Texas, which has passed a law banning abortions within the state after six weeks of pregnancy. (AP Photo/Patrick Semansky, File)
Catching you up on what you need to know on April 13, 2022, with President Biden referring to the Russian invasion of Ukraine as a genocide, a suspect has been identified in the Brooklyn subway shooting that injured 23 people, New York’s lieutenant governor has resigned due to bribery allegations, and more.
A shooter opened fire inside a busy subway car in New York on Tuesday creating chaos. Cheddar News speaks with Ralph Cilento, Professor of Police Science at John Jay College of Criminal Justice who gives tips on how to proceed in active shooter situations.
David Katz, a former federal agent with the Department of Justice, and currently founder, CEO, and owner of Global Security Group, joined Cheddar News to talk about the Tuesday mass shooting on a subway train in Brooklyn, N.Y. even as local authorities have so far stated it was not being investigated as a potential terrorist attack. "At this point between the commissioner of the NYPD and the governor of New York, they're almost saying, 'well, it's an active shooter incident.' Okay, but active shooter incidents can also be motivated by terrorism, so until we know motive, we can't make that conclusion at all," Katz said.
Catching you up with what you need to know on Apr 12, 2022, with Russia concentrating forces in eastern Ukraine, rising inflation, severe weather from Minnesota to the Gulf Coast, Philadelphia brings back its indoor mask mandate, PG&E pays $55 million for wildfire settlement, and more
President Joe Biden is visiting corn-rich Iowa to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline in the summer.
The March consumer price index showed a 1.2 percent month-over-month increase and 8.5 percent increase from a year ago, which was the highest reading since 1981.
U.S. stocks saw a jump in the final hour of Thursday's session, and ultimately closed slightly higher for the day. Tim Pagliara, Chief Investment Officer of CapWealth, joined Cheddar News' Closing Bell to discuss. "The markets have had to digest a lot of action from the federal reserve this quarter and it's affecting everything from mortgage rates to how they value stocks," he said.
