The House is scheduled to vote on a short-term budget deal Thursday afternoon, but the latest count shows that House GOP leaders don't have enough votes. Now, President Trump has thrown a wrench into Speaker Ryan's bargaining power, tweeting that the Children's Health Insurance Program (CHIP) shouldn't be included in a short-term plan.
Reason Magazine Editor-at-Large Matt Welch explains why a government shutdown "may happen by accident." Since it's been almost five years since the last shutdown, Welch says politicians may have forgotten how much Americans hate it when the government comes to a halt.
If Republican leaders can't get enough votes for the short-term budget deal, then Congress will only have 24 hours to put another deal together. The last time the government shut down was October 2013.
Futures rebounded this morning in reaction to positive news from Merck that its covid-19 treatment pill is 50 percent effective at preventing hospitalizations and death. It comes after a rocky month on Wall Street, which saw all the major averages post their worst months in over a year. Chris Vecchio, Senior Analyst, at DailyFX joined Wake Up with Cheddar for more.
Makena Kelly, Politics reporter at The Verge, joined Cheddar News to break down Thursday's congressional testimony from Facebook's global head of security, as the company comes under fire for its plans to attract kids.
U.S. weekly jobless claims rose to 362,000 for the week ending September 25th, higher than the 335,000 economists had expected. This figure is also slightly higher than the 351,000 reported a week earlier. Louis Cordone, Senior Vice President of Data Strategy at AST joined Wake Up with Cheddar to discuss.
Former French President Nicolas Sarkozy has been found guilty of illegal campaign financing linked to his 2012 bid for reelection after $54 million was spent on fake invoices. Sarkozy was sentenced to one year in prison.
