Congresswoman Marcy Kaptur is a Democrat who represents the ninth district of Ohio. Congressman Ro Khanna is a Democrat who represents the 17th district of California, better known as Silicon Valley. Cheddar sat the two members down to discuss innovation in America. How does Silicon Valley branch out to and revive middle America?
One challenge in Ohio is educating workers on how to use the latest technology. Rep. Kaptur says not all individuals are comfortable with the pace of technological change that influences every industry. Mechanical skills are not "broadly distributed," she said, and it is challenging for people to keep up. Rep. Khanna added that leaders need to support tech innovation in local industries, giving workers "specific, employable" skills that will guarantee jobs.
The two lawmakers agree that American trade deals, like the North American Free Trade Agreement, have negatively impacted American workers. Rep. Khanna says they have "hollowed out" jobs in Middle America. Rep. Kaptur agreed, saying the "industrial heartland" has been hit very hard by U.S. trade policies. President Trump promised repeal of NAFTA, but has not yet delivered on that promise. The two lawmakers say they are waiting for President Trump to make a decision on trade that they hope will positively impact Americans.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
