How Mueller's Investigation Is Like Going After the Mob
There are new developments in Special Counsel Robert Mueller’s investigation into Russia’s meddling in the 2016 presidential election. Friday, former White House National Security Adviser Michael Flynn, pleaded guilty to lying to the FBI. According to Jeet Heer, Editor at The New Republic, the plea is a result of Mueller cracking down on President Trump.
“He’s used to dealing with mobsters,” Heer says of Mueller, who headed the FBI for 12 years before being appointed as a special counsel for the Department of Justice earlier this year. “The way you deal with mobsters is you get the goons first, you get the higher ups, the capos, and then you get the godfather.”
Heer believes Flynn’s cooperation means he has flipped against the president, which could eventually lead to the FBI apprehending White House Senior Advisor and President Trump’s son-in-law, Jared Kushner. Heer says Mueller has managed to ensure that there won’t be any presidential pardons available, as there are ongoing state-level investigations, too.
“There’s a lot of leverage and it's all on Mueller’s side,” Heer said.
Meanwhile on Capitol Hill, Senate Republicans are leading a fierce battle to pass a vote on the GOP tax plan, which is expected to raise the national debt to $1.7 trillion, according to the CBO. Heer says the bill can pass, but it has to be now or never, since the party also had a very poor performance during the 2017 off-year elections.
“Republicans are headed to a tough season, which means they should probably get whatever they can out of the way,” he said.
Award-winning journalist, entrepreneur, and host Soledad O'Brien spoke to Cheddar about empowering women through her own podcast on financial literacy this Women's History Month.
Six House lawmakers are calling on Meta to stop paid ads from Chinese news companies that push Russian misinformation regarding the war in Ukraine. Matt Skibinski, General Manager, NewsGuard Technologies joins Cheddar to discuss the role of social media in this war.
Reva Shakkottai, Senior Vice President and financial advisor at RBC Wealth Management, joins Cheddar News' Closing Bell, where she elaborates on factors besides Wednesday's Fed decision that led to gains across the major indexes on Thursday, including new home construction and jobless claims data.
Art Hogan, Chief Market Strategist at National Securities, joins Cheddar News' Closing Bell, where he breaks down Fed Chair Jerome Powell's speech following the U.S. central bank's decision to raise rates and explains why Powell's comments move the markets more than the Fed decision itself.
Representative Adam Schiff (D-Calif. 29th District) joined Cheddar News at South By Southwest to discuss the variety of sanctions that the United States has placed on Russia since its invasion of Ukraine began last month and the impacts they are having both domestically and abroad. With rising gas prices, especially in states like California, Schiff noted that the American people are willing to make sacrifices in order to uphold their values and suggested that crisis may be a warning to shift away from fossil fuels. "At the end of the day though, this ought to be a wake up call that we need to stop our reliance on this oil economy and move to renewable sources of energy," he said. Schiff also explained his remarks about the January 6 commission investigating those closest to former President Trump and touched on a disturbing case in San Francisco where the police department used rape kit samples to ID a murder suspect.
Markets opened lower as the Federal Reserve announces plans to hike interest rates by a quarter point, while signaling six additional rate hikes later this year. Gary Schlossberg, Global Strategist, Wells Fargo Investment Institute, joined Cheddar's Opening Bell to discuss.
Apple's Racial Equity and Justice Initiative is a $100 million program aimed at combating systemic racism while working to advance racial equity across the country. Alisha Johnson, director of the initiative, joined Cheddar at SXSW to discuss the work being done. "We focused on three critical areas. The first is education. The second is criminal justice reform, and the third is economic empowerment, really looking first in our own supply chain, how can we really increase our spend with Latinx, Hispanic, and indigenous-owned businesses," she said. "And then how can we go further to empower entrepreneurs who have been cut out of access to funding and capital and really help them to get the funding."
What you Need to Know on Thursday, March 17. Updates from Ukraine, President Biden refers to Putin as a ‘war criminal’ for the first time, Walmart has ambitious hiring targets for Q1, and Netflix takes steps to crack down on password sharing.
