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).
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
As Western companies cut ties with Russia over its invasion of Ukraine, there's a possibility their Chinese rivals could move in and fill the void. Major corporations such as Apple, Samsung, Dell, and more have halted sales in Russia in hopes of encouraging Putin to back down, but now it seems those sanctions could be presenting a unique opportunity for China. Michael Friedson, Co-founder and Executive Editor of The Media Line News Agency, joined Cheddar's Opening Bell to discuss how these Western boycotts are reshaping geopolitical alignments, the global economy, and international trade.
Gas prices have reached their highest level since 2008, topping an average of $4 across the country. The surge comes as Russia's invasion of Ukraine triggers supply concerns in what was already an extremely tight oil market. Jay Hatfield, Chief Investment Officer at ICAP, breaks down why costs at the pump are so high right now, and just how high they could go.
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
If confirmed, judge Ketanji Brown Jackson could become the first black woman on the bench of the U.S. Supreme Court. Cheddar News speaks with Katie Barlow, Chief Legal Correspondent at Fox 5 to discuss the significance of the nomination.
The European Union is historically divided and slow when it comes to decision-making, but in the recent weeks, the 27 members have agreed upon several sanctions and decisions regarding foreign policy and defense. The EU has cut off Russian banks from the swift payment system, blocked Russian propaganda channels, and closed European skies for air travel to and from Russia. Germany, for example, who has refused to send any deadly weapons to conflict zones, has now agreed to send lethal weapons to Ukraine. Rupert Steiner, London Bureau Chief at Barron's, joins cheddar news to discuss.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
