Why One Republican Congressman Says We Should Purge The FBI
Taking on the credibility of the FBI has become increasingly common in the Trump era, but one Congressman took it to a new level this week. In an interview on MSNBC, Rep. Francis Rooney (R-FL) said that the FBI and Department of Justice should be purged of anti-Trump bureaucrats.
Jack Hunter, Editor at Rare Politics, discusses why Rep. Rooney's comments are concerning. Hunter says it echoes authoritarian rhetoric, which has been on the rise in recent years.
Hunter also discusses what is likely to be on the Republican political agenda in 2018. Despite Speaker Paul Ryan's goal of reforming entitlement programs like Medicare and Medicaid, it's unlikely that will make the list. Many Republican Senators and Congressmen say they plan to take on infrastructure reform next. Republicans will officially decide on their policy agenda at their annual conference in West Virginia at the end of January.
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.
