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.
Russian forces escalated their attacks on populated urban areas Tuesday, bombarding the central square in Ukraine’s second-largest city and Kyiv’s main TV tower.
A bipartisan group of 43 representatives joined forces in a letter to President Joe Biden to remind the executive branch that it must seek the approval of Congress before authorizing a war — whether or not its in Ukraine as Russia continues its invasion. Rep. Peter DeFazio (D-Ore. 4th District) led the effort and joined Cheddar News Wrap to explain. "It's time for Congress to get back the authority, which is vested to us in the constitution, not in the executive branch," he said. "The president. once we're at war, we speak with one voice with the commander in chief. But before that, it's up to the American people and Congress whether or not we're going to become engaged in a war."
Chris Konstantinos, Chief Investment Strategist at RiverFront Investment Group, explains why he remains encouraged about the S&P and the state of the market despite the major indexes closing mostly lower on Monday.
President Joe Biden will be delivering his first State of the Union address on Tuesday night, and with so many issues from Ukraine to inflation, everyone will be focused on what he might say. Rep. Nicole Malliotakis (R-N.Y. 11th District) joined Cheddar News to discuss what she thinks the president should address. "I think what he hasn't done yet is go after the gas, the oil, the minerals, the mining industries, that is incredibly important," she said. "There's still some banks there that are not sanctioned. He needs to go after all the banks, but I also think that providing the equipment that Ukraine needs to continue to protect its capital and its country are incredibly important."
As Russia’s attack on Ukraine continues, one of its few big allies remaining appears to be China. Gordon Chang, Asian affairs expert and author of "The Coming Collapse of China," joined Cheddar News to discuss what might be behind China's support for Putin's current strategy. “I think China is looking at what Putin did yesterday, which is to raise his nuclear forces on a higher alert level,” Chang stated, “If they see that Putin gets away with his nuclear threats, which he's been making over the last three or four days, then I'm sure that Beijing is going to ramp up its threats as well, and it could ramp them up against any number of different countries with which it perceives it has a problem with"
Joel Rubin, president of the Washington Strategy Group and former Deputy Assistant Secretary of State, joins Cheddar News to discuss the Russia-Ukraine tensions and the new sanctions President Biden placed on Russia.
