White House economic adviser Gary Cohn is resigning, according to the New York Times.
While no specific reason for his departure was given, the former Goldman Sachs COO has voiced strong opposition to President Trump’s proposed steel and aluminum tariffs, a position shared by many, even in the Republican party.
RNC spokesperson Kayleigh McEnany spoke with Cheddar before the news broke and said that, while it’s fine to have differing opinions within the GOP, ultimately Republicans have “to stand behind the president.”
“He is the only Republican that has won a national election,” she said. “He is the voice of our party, unmistakably.
“People forget that he got 13.3 million Republican votes. That’s more than any other nominee in the party’s entire history. Republicans like the Trump messaging. Republicans like the Trump tariffs.”
Critics of the president’s tariffs argue that the import taxes could ignite a trade war with U.S. allies and have a catastrophic effect on the economy. Earlier on Tuesday House Speaker Paul Ryan called for a more “targeted” plan to avoid potential retaliation.
John Petrides, Portfolio Manager at Tocqueville Asset Management, joins Cheddar News' Closing Bell, where he breaks down Monday's market activity amid the emergence of the omicron variant, and what it could mean for the Fed's timeline when it comes to raising rates and tapering pandemic aid.
Earlier in the week, we saw President Biden nominate Jerome Powell to serve as Fed chair for another four-year term in the midst of the country’s struggles with covid, inflation, and supply unrest. Claudia Sahm, senior fellow at the Jain Family Institute and former Federal Reserve and White House economist explains why the markets saw a boost following the nomination.
House Democrats saw a big win on Friday when President Biden's trillion dollar Build Back Better social spending bill was passed but now the question is - can the bill hold up in the senate as it faces possible ongoing scrutiny from not only Republicans, but also some Democrats. Julia Manchester, reporter at The Hill, explains whether or not the bill will make it to President Biden's desk by Christmas.
Jamil Jaffer, Founder and Executive Director of the National Security Institute, joined Cheddar to discuss the concern surrounding Chinese tennis star Peng Shuai's disappearance following a social media post accusing a former high-ranking Chinese official of sexual assault.
Just hours before the scheduled execution of inmate Julius Jones, the Governor of Oklahoma Kevin Stit has now granted commuted his sentence to life in prison without the possibility of parole. Several advocates along with a number of celebrities have been fighting to stop the execution. Defense Attorney and Police Director Erin Haney, joined Cheddar to discuss more.
The book 'The Brainwashing of My Dad' examines how the rise of right-wing media changed a father and impacted the nation. Author of the book, Jen Senko, joins Cheddar News to discuss the history and future of conservative media.
Natalie Fertig, Federal Cannabis Policy Reporter for Politico Pro, joined Cheddar to discuss the shift among republicans to support federally legalizing marijuana.
The House has officially passed the $1.75 trillion social policy and climate big. This new bill is expected to bring some huge investments into working towards fighting climate change. U.S. President of We Don't Have Time, Sweta Chakraborty, joined Cheddar to discuss more.
Guilty verdicts have been handed down to the three men charged with killing Ahmaud Arbery. Arbery was out for a jog in February 2020 when Travis McMichael, William "Roddie" Bryan, and Gregory McMichael chased him down and killed him. The judge read the verdicts for each of the three men aloud, starting with the man who pulled the trigger, Travis McMichael. Kirk Burkhalter, professor at New York Law School joins Cheddar News to recap the trial.
All three defendants in the Ahmaud Arbery killing were found guilty today on numerous charges including felony murder. Criminal Defense Attorney Anthony Hall joined Cheddar to discuss.
