Why Daca's March Deadline Might be Nonexistent after SCOTUS Decision
The Supreme Court declined to take up the Trump Administration's appeal on DACA. The nation's highest court refused to hear Trump's challenge to a lower court ruling that temporarily block the government from winding down the Obama-era immigration program. Rafael Bernal, Staff Writer at The Hill Latino, explains what this means for Congress's March 5 deadline on immigration reform.
"It is definitely a blow to the Trump Administration," says Bernal. "That deadline (March 5) is all-but nonexistent at this point. That was sort-of the last straw for that."
Bernal says the significance of this move by the Supreme Court, is that DACA has essentially not lost a full day in court to date.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
