Transcript
Charles Schwab (0:00)
This podcast is supported by Charles Schwab. Decisions made in Washington can affect your portfolio every day, but what policy changes should investors be watching? Washington Wise is an original podcast from Charles Schwab that unpacks the stories making news in Washington right now and how they may affect your finances and portfolio. Listen@schwab.com WashingtonWise.
Tracie Mumford (0:25)
From the New York Times, it's the headlines. I'm Tracie Mumford. Today's Monday, January 6th. Here's what we're covering today. At 1pm a joint session of Congress is set to convene at the Capitol to certify the results of the presidential election. The process is largely ceremonial and was for the most part uneventful until last time, January 6, 2021, when rioters fueled by Donald Trump's lies about a stolen election, broke into the building and disrupted the event. The rioting led to the deaths of seven people, including three police officers, and there are reminders of that violence all over. Today, the Capitol will be on heavy lockdown, with tall, black metal fencing surrounding the building, but there's no hint of violence breaking out this year. Kamala Harris has not disputed her loss to Trump. Today she will be the one presiding over the certification in her role as president of the Senate. Congress has also overhauled the process to make clear that what Trump pushed his Vice president, Mike Pence, to do to unilaterally throw out a state's electoral votes is not allowed. Democratic Representative Jamie Raskin said today's process will, quote, be a lot more like what we've seen for the rest of American history. Meanwhile, more than 1600 people have been prosecuted in connection with the riot at the Capitol that day. Some faced felonies like assault or sedition, dishes conspiracy. Hundreds were charged with lesser crimes, and Trump has said that he plans to pardon those who were convicted. The promise of pardons is part of Trump's effort to rewrite the violent history of that day.
Alan Foyer (2:09)
You might remember that immediately after the attack, Donald Trump called January 6th, and I'm quoting, a heinous attack on the United States Capitol. And he promised that all the lawbreakers that day would pay. But as I followed this story, not only has Trump changed that narrative, changed his position on it, but he's come up with an alternate reality.
Tracie Mumford (2:39)
Today on the Daily my colleague Alan Foyer looks at the whitewashing of January 6th. As lawmakers gather in Washington today, they're facing a freezing winter storm that is barreled across the country from the plains to the east coast this weekend. Snow, sleet and Freezing rain led to hundreds of flights being canceled or delayed in Kansas, Missouri and Indiana. Tens of thousands of people have lost power along the storm's path. Highways have been blanketed in ice. The storm is now pushed east towards the mid Atlantic states. DC's mayor declared a snow emergency and the area could see as much as nine inches of snow. Bad weather's supposed to move offshore later today, but meteorologists say brutally cold air will settle behind it. As Donald Trump moves closer to the White House, his legal team's been trying to fight one of the last remaining criminal cases against him, his New York felony conviction in the hush money case. After multiple legal challenges, the judge in that case announced sentencing will move forward. It's set for this Friday. Trump's conviction on 34 counts could have meant up to four years in prison, but the judge has indicated that he will likely give Trump what's known as an unconditional discharge. It's a rarely used alternative to jail or probation that will let Trump go free with no punishment. Trump's team is still expected to appeal his conviction and try to get it thrown out altogether. This weekend in New York, a bold and controversial effort to reduce traffic and boost public transportation went into effect. The city became the first in the country to launch a congestion pricing program. Most cars entering the southern half of Manhattan now have to pay a $9 toll. City officials have said it will cut down on pollution and gridlock and generate billions of dollars for upgrading the subway, trains and buses, including making them more accessible for riders with disabilities. But legal challenges almost doomed the effort, and polls have shown that congestion pricing is largely unpopular in the city.
