White House Says Trump Will Meet With Rosenstein Thursday
*By Christian Smith*
Deputy Attorney General Rod Rosenstein reportedly offered his verbal resignation to White House Chief of Staff John Kelly on Monday but was told to wait for the president. As of Monday evening, he still has a job ー for now.
Rosenstein's undetermined fate will have consequences for Robert Mueller's Russia investigation, said Jonna Spilbor, a former prosecutor.
"I think it is going to affect the Mueller investigation in a good way for all of those who think that this investigation has been one long run-on sentence that we need to put a period at the end of," Spilbor said Monday in an interview on Cheddar.
Several reports suggested Rosenstein would either resign or be fired Monday ー following an explosive piece in The New York Times last week that he had considered secretly taping conversations with the president and discussed soliciting cabinet members to invoke the 25th Amendment, which would start impeachment proceedings. White House Press Secretary Sarah Huckabee Sanders told reporters that Trump will meet with Rosenstein on Thursday after the president's return from the United Nations General Assembly in New York.
In the event that Rosenstein is fired, a replacement might re-invigorate the Russia probe, Spilbor said.
"The replacement for Rod Rosenstein will say, 'Ok, you've got 30 days,' ー let's pick an arbitrary number ー 'Give me my report because at the end of that 30 days, I'm going to decide if you live or die,'" Spilbor said.
The Justice Department appointed former FBI Director Robert Mueller as special counsel on May 17 of last year to lead an investigation into Russian interference in the 2016 U.S. presidential election. Multiple Trump campaign officials have pleaded guilty to charges ranging from bank fraud to obstruction of justice, but no charges related to Russian collusion have been filed ー which is why Spilbor believes the investigation is dragging.
"The investigation has been going on far too long and with far too few results. Why do we keep it going?" Spilbor said.
For full interview [click here](https://cheddar.com/videos/how-rosensteins-possible-doj-departure-could-impact-the-russia-investigation).
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.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
