India  

Republicans and Biden meet over COVID-19 relief

Video Credit: Reuters - Politics - Duration: 02:05s - Published
Republicans and Biden meet over COVID-19 relief

Republicans and Biden meet over COVID-19 relief

Top Democrats in the U.S. Senate and House of Representatives filed a joint $1.9 trillion budget measure on Monday, in a step toward bypassing Republicans on COVID-19 relief, even as President Joe Biden met with Republican senators who said they would press forward on a compromise effort.

Bryan Wood reports.

(EDITORS PLEASE NOTE THAT AN EARLIER VERSION OF THIS STORY SAID IN ERROR THAT THE JOINT DEMOCRAT BUDGET MEASURE WAS FILED AFTER THE REPUBLICAN SENATOR MEETING AT THE WHITE HOUSE.

THE BUDGET MEASURE WAS FILED BEFORE THE MEETING).

Democrats in U.S. Congress filed a joint $1.9 trillion budget measure on Monday, in a step toward bypassing Republicans on COVID-19 relief.

That was just before President Joe Biden met with Republican senators Monday night at the White House.

GOP Senator Susan Collins described the discussion as "frank and useful" but told reporters there had been no breakthrough on a bipartisan bill.

"I wouldn't say that we came together on a package tonight.

No one expected that in a two-hour meeting.

But what we did agree to do is to follow up and talk further at the staff level and amongst ourselves and with the president and vice president on how we can continue to work together on this very important issue." While the president has voiced a willingness to work with Republicans on a compromise effort, the White House has said they "will not settle for a package that fails to meet the moment." Before the meeting, the top two Democrats in Congress, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, laid the groundwork for bypassing Republicans on COVID-19 relief, filing a joint budget measure with the Biden-proposed price tag.

With the Senate split 50-50 and Vice President Kamala Harris wielding the tie-breaking vote, Democrats could sidestep a 60-vote threshold and enact the coronavirus legislation with a simple majority in a procedure called "reconciliation." If deployed, it would be the first flex by Democrats since winning razor-thin control of the Senate.

For the Republicans, their proposed plan offers no assistance to state and local governments, one of the items that a Biden adviser described as "must-haves." It also offers stimulus checks starting at $1000, less than the $1,400 checks sought by Biden and totals less than a third of the 1.9 trillion package.




You Might Like


💡 newsR Knowledge: Other News Mentions

Joe Biden Joe Biden President of the United States since 2021

Why the Joe Biden Administration Blocked Palestine Statehood Bid at UNSC? | Oneindia News [Video]

Why the Joe Biden Administration Blocked Palestine Statehood Bid at UNSC? | Oneindia News

Discover the reasons behind President Biden's decision to block the Palestine statehood bid at the United Nations Security Council. Delve into the complexities of the Israeli-Palestinian conflict and the implications of the US stance. Stay informed with this comprehensive breakdown. #USNews #UNNews #UnitedNations #PalestinianStatehood #Palestine #Israel #Hamas #IsraelIran #IsraelPalestine #IsraelHamas #Oneindia ~PR.274~ED.103~HT.98~

Credit: Oneindia    Duration: 04:50Published

Israel's attack on Iran reflects badly on Biden after president's public message for Netanyahu

The overnight events do not reflect well on President Biden.
Sky News
International News Wrap EP 1: Indonesia’s Mount Ruang multiple eruptions to Ukraine aid | Oneindia [Video]

International News Wrap EP 1: Indonesia’s Mount Ruang multiple eruptions to Ukraine aid | Oneindia

Welcome to the International News Wrap, your go-to source for the latest developments from around the globe, exclusively on OneIndia. From the unprecedented floods in Dubai to the escalating tensions threatening a potential third World War, there's no shortage of significant events shaping the international landscape. Today, we cover a spectrum of stories, from the heartwarming return of a Kerala woman from Iran to the crucial push by President Biden to secure aid for Ukraine. Stay tuned as we delve into the top international developments of the day, keeping you informed and up-to-date on the latest happenings across the world. #InternationalNews #MountRuang #IndonesiaVolcano #DubaiFloods #RussiaUkraineWar #IsraelIranConflict #Russi #Germany #Biden #Oneindia ~HT.97~PR.152~ED.103~

Credit: Oneindia    Duration: 09:30Published
House’s Ukraine, Israel aid package gains Biden's support [Video]

House’s Ukraine, Israel aid package gains Biden's support

Credit: FRANCE 24 English    Duration: 03:37Published

Biden suggests his uncle may have been eaten by cannibals during WWII - in apparent swipe at Trump

Joe Biden has suggested his uncle may have been eaten by cannibals after his plane was shot down during the Second World War - as he said Donald Trump was..
Sky News

Republican Party (United States) Republican Party (United States) American political party

Iran-Israel Conflict: Biden Unlikely To Disrupt Iran's Oil Supply With Sanctions, Here’s Why [Video]

Iran-Israel Conflict: Biden Unlikely To Disrupt Iran's Oil Supply With Sanctions, Here’s Why

House Republican leaders have lambasted President Joe Biden for his perceived inaction in enforcing existing measures against Iran. Representative Steve Scalise, the No. 2 House Republican, voiced concerns over the administration's policies allegedly facilitating Iran's oil sales, which fund terrorism. The Biden administration faces mounting pressure to deter future attacks without exacerbating regional tensions or antagonising China, a major buyer of Iranian oil. #Biden #BidenSanctions #BidenIraq #AlSudani #BidenGaffee #USnews #Politics #IsraelIran #IranAttacksIsrael #Worldnews #Oneindia #Oneindianews ~HT.178~PR.152~ED.103~GR.125~

Credit: Oneindia    Duration: 06:33Published

Rob Schneider Hits Back at Claim He Bombed at GOP Stand-Up Set

Rob Schneider is calling BS on the notion he bombed in front of a bunch of Republican lawmakers -- calling the report a hit piece ... and even labeling it as..
TMZ.com
Biden Cancels Over $7 Billion in Student Debt for More Than 277,000 Borrowers [Video]

Biden Cancels Over $7 Billion in Student Debt for More Than 277,000 Borrowers

Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers. On April 12, President Joe Biden said that over 277,000 borrowers in more than 40 states will have $7.4 billion in student loan debt wiped out, 'The Hill' reports. . To date, the Biden administration has canceled $153 billion in student loan debt. . From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity. , President Joe Biden, via statement. I will never stop working to cancel student debt – no matter how many times Republican elected officials try to stop us, President Joe Biden, via statement. 'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping "public service workers, those on IDR plans," . people who've been defrauded by educational institutions and those with disabilities. . Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. . The administration is tone deaf. There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement. We know that instead of doing its job the administration focused time, energy, and resources on its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement. And that has been frustrating, especially since it has jeopardized the academic journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement. But what is absolutely maddening is that the administration is STILL not doing its job and instead focusing on its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement. White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”

Credit: Wibbitz Top Stories    Duration: 01:30Published
Japanese PM to address Congress amid stalled US support [Video]

Japanese PM to address Congress amid stalled US support

Japan's Prime Minister Fumio Kishida will address the Republican-led US Congress on Thursday amid continued scepticism of the role of the US in international conflicts such as the Ukraine and Israel-Hamas wars.

Credit: euronews (in English)    Duration: 01:20Published
Sanjay Nirupam and Gourav Vallabh Resign from Congress, What’s Next for Grand Old Party?| Oneindia [Video]

Sanjay Nirupam and Gourav Vallabh Resign from Congress, What’s Next for Grand Old Party?| Oneindia

Two prominent members, Gaurav Vallabh and Sanjay Nirupam, shockingly resigned from the India National Congress, citing issues with the party's direction and stance. Vallabh's departure, posted on social media, highlighted ideological differences, while Nirupam's expulsion amid alliance tensions added to the turmoil. These exits, alongside recent defections, signal deepening problems within Congress, raising questions about its future and leadership's disconnect from reality. #GouravVallabh #SanjayNirupam #CongressParty #Congress #UBT #Sanatan #HinduDharm #Hinduism #BJP #VijenderSingh #Politics #IndiaNews #Oneindia #Oneindianews ~HT.97~ED.103~

Credit: Oneindia    Duration: 09:03Published

United States Senate United States Senate Upper house of the US Congress

US Rejects Gaza Genocide Claims Citing Zero Evidence, Asks Israel for Ongoing Aid Support| Oneindia [Video]

US Rejects Gaza Genocide Claims Citing Zero Evidence, Asks Israel for Ongoing Aid Support| Oneindia

United States Defense Secretary Lloyd Austin rejects claims of genocide by Israel in Gaza but acknowledges the need for sustainable improvements. The remarks came during a Senate hearing, where concerns over civilian casualties and humanitarian conditions were raised. Efforts to press Israel to protect civilians continue amid ongoing conflict, with the US emphasising the importance of addressing the humanitarian crisis. #UnitedStates #LloydAustin #IsraelGaza #Israel #Gazawar #Israelnews #Biden #Israelwar #Worldnews #Oneindia #Oneindianews ~ED.103~GR.123~

Credit: Oneindia    Duration: 03:01Published
Zelensky Says Ukraine ‘Will Lose the War’ if US Doesn’t Approve More Aid [Video]

Zelensky Says Ukraine ‘Will Lose the War’ if US Doesn’t Approve More Aid

Zelensky Says Ukraine ‘Will Lose the War’ , if US Doesn’t Approve More Aid. The president of Ukraine made the remarks on April 7 during a video meeting with UNITED24, a Ukrainian fundraising group, CNN reports. . It’s important to specifically address the Congress: if the Congress doesn’t help Ukraine, Ukraine will lose the war, Volodymyr Zelensky, president of Ukraine, via video meeting with UNITED24. If Ukraine loses this war, other countries will be attacked. This is a fact, Volodymyr Zelensky, president of Ukraine, via video meeting with UNITED24. Zelensky's statement comes as Congress has failed to pass an aid package for the war-torn nation in months, CNN reports. . A $95.3 billion foreign aid bill, which contained aid for both Ukraine and Israel, was passed by the Senate in February. but House Speaker Mike Johnson has not yet held a vote on it. According to Franz-Stefan Gady of the International Institute for Strategic Studies. Ukraine has entered a "transitional phase" of the war. Russia is conducting probing attacks along the front line. It is trying to advance where it can. And it is preparing what seems to be a future offensive down the road, Franz-Stefan Gady, an associate fellow at the International Institute for Strategic Studies, to CNN. This year, Ukraine really needs U.S. support. There’s certain weapons systems, certain logistical support which the European countries simply cannot provide to Ukraine, Franz-Stefan Gady, an associate fellow at the International Institute for Strategic Studies, to CNN

Credit: Wibbitz Top Stories    Duration: 01:30Published
This Day in History: The United States Officially Enters World War I (Sat., April 6) [Video]

This Day in History: The United States Officially Enters World War I (Sat., April 6)

This Day in History: , The United States Officially Enters World War I. April 6, 1917. War against Germany was declared in both the Senate and House of Representatives by votes of 82-6 and 373-50, respectively. President Woodrow Wilson had called for the declaration of war four days earlier. The U.S. had been preparing for war since the passage of a $250 million arms appropriations bill in Feb. Though initially against joining the war in Europe, American public opinion shifted as German attacks on ocean liners escalated. The first U.S. troops landed in France in late June. The arrival of fresh and well-supplied forces proved to be a turning point in the war after four years of bloody combat

Credit: Wibbitz Top Stories    Duration: 00:51Published
Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok [Video]

Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok

Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. NBC reports that former Treasury Secretary Steven Mnuchin is looking to put together an investor group to acquire ByteDance's TikTok. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. The news comes as a bipartisan bill works its way through Congress that threatens to bring an end to the platform's existence in the United States. On March 13, the House of Representatives passed the bill, which would force ByteDance to divest the platform or face a ban on the app in the U.S. I think the legislation should pass and I think it should be sold. It’s a great business and I’m going to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. NBC points out that the bill still requires Senate approval before it heads to President Joe Biden, who has indicated that he would support the bill if it passes through Congress. However, TikTok CEO Shou Zi Chew has said that selling TikTok is not a viable option. . According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. . Mnuchin has yet to specify the potential valuation of a deal to acquire the social media platform or which investors may be interested in the deal. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok. At the same time, the 'Wall Street Journal' reported that former Activision Blizzard CEO Bobby Kotick has also expressed interest in a deal to purchase TikTok

Credit: Wibbitz Top Stories    Duration: 01:31Published
TikTok Faces Potential Ban in US as Lawmakers Give Six Months Deadline| Oneindia News [Video]

TikTok Faces Potential Ban in US as Lawmakers Give Six Months Deadline| Oneindia News

A bipartisan group of US lawmakers has introduced a bill giving China's ByteDance six months to divest TikTok or face a US ban due to national security concerns. This follows India's 2020 ban on TikTok. The bill requires Senate support and will be considered in a House committee hearing. TikTok denies data sharing with China but faces scrutiny over its ownership. #TikTok #USLawmakers #TikToknews #Bytedance #ChinaApps #Chinese #USnews #RepublicanLawmakers #Worldnews #Oneindia #Oneindianews ~ED.101~

Credit: Oneindia    Duration: 02:39Published

Democratic Party (United States) Democratic Party (United States) American political party

'The Europe we want': Italy's Democratic Party launches EU elections manifesto [Video]

'The Europe we want': Italy's Democratic Party launches EU elections manifesto

The Italian opposition is trying hard to cut through in an election cycle where the country's ruling right-wing parties are hoping for major gains.

Credit: euronews (in English)    Duration: 01:52Published
South Korea’s Opposition Dominates Parliamentary Elections [Video]

South Korea’s Opposition Dominates Parliamentary Elections

South Korea’s Opposition , Dominates Parliamentary Elections. South Korea's Democratic Party won "175 seats in the 300-member single-chamber parliament" on April 10, NPR reports. The ruling right-wing People Power Party became a smaller minority with only 108 seats. . The outcome is considered to be a blow to conservative President Yoon Suk Yeol. The country's prime minister and other presidential officials offered to resign after the crushing defeat. . The country's prime minister and other presidential officials offered to resign after the crushing defeat. . I apologize to the people on behalf of our party, which wasn’t good enough to win the people’s choices, Han Dong-hoon, People Power Party leader, via statement. While Yoon said that he intends to "humbly uphold" the will of the people as indicated by the election results, . it is not known if he will accept his staff's offers to resign. . Lee Jae-myung, the Democratic Party leader who is considering running for president again, . said there is a need for both parties to "pull together" to "resolve economic and public livelihood problems.". The results of the parliamentary elections are not the victory by the Democratic Party, but the great victory by our people, Lee Jae-myung, the Democratic Party leader. Now, the elections are over. Both the ruling and opposition political parties must pull together all their strength to resolve economic and public livelihood problems, Lee Jae-myung, the Democratic Party leader. According to the National Election Commission, voter turnout reached its highest level in over three decades for a parliamentary election, NPR reports.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Donald Trump Says States Should Decide Abortion Legislation [Video]

Donald Trump Says States Should Decide Abortion Legislation

Donald Trump Says States , Should Decide Abortion Legislation. On April 8, the former president set the record straight about where he stands on abortion rights, CNN reports. . My view is now that we have abortion where everyone wanted it from a legal standpoint, the states will determine by vote or legislation, or perhaps both. , Donald Trump, via Truth Social video. And whatever they decide must be the law of the land. In this case, the law of the state, Donald Trump, via Truth Social video. Many states will be different. Many will have a different number of weeks, or some will have more conservative than others, and that’s what they will be. , Donald Trump, via Truth Social video. At the end of the day, this is all about the will of the people, Donald Trump, via Truth Social video. Trump also said he was "proudly the person responsible" for Roe v. Wade being overturned in 2022. He went on to say that the decision removed the issue from "federal hands and brought it into the hearts, minds and vote of the people in each state.". Susan B. Anthony Pro-Life America President Marjorie Dannenfelser said that her organization was "deeply disappointed" by what Trump had to say, CNN reports. . Saying the issue is ‘back to the states’ cedes the national debate to the Democrats who are working relentlessly to enact legislation mandating abortion throughout all nine months of pregnancy. , Marjorie Dannenfelser, Susan B. Anthony Pro-Life America president, via statement. If successful, they will wipe out states’ rights. , Marjorie Dannenfelser, Susan B. Anthony Pro-Life America president, via statement

Credit: Wibbitz Top Stories    Duration: 01:31Published
Donald Trump Leads Against Biden in Swing States as Democrat President’ Popularity Plunges| Oneindia [Video]

Donald Trump Leads Against Biden in Swing States as Democrat President’ Popularity Plunges| Oneindia

A recent poll suggests that Donald Trump holds a lead over Joe Biden in six of the seven swing states, with margins ranging from 2 to 8 percentage points. Negative perceptions of Biden's performance outweigh positive ones in several states, while Trump is seen as a better fit for the presidential role, particularly regarding mental and physical health. #DonaldTrump #JoeBiden #BidenvsTrump #Trump #USelections #PresidentialElections2024 #USelections2024 #Biden2024 #Trump2024 #Worldnews #Oneindia #Oneindianews ~PR.152~ED.102~GR.122~HT.96~

Credit: Oneindia    Duration: 02:38Published
Jon Stewart Says Apple Asked Him Not to Interview FTC Chair Lina Khan on "The Problem" | THR News Video [Video]

Jon Stewart Says Apple Asked Him Not to Interview FTC Chair Lina Khan on "The Problem" | THR News Video

Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.

Credit: The Hollywood Reporter    Duration: 01:47Published

United States House of Representatives United States House of Representatives Lower house of the US Congress

John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video [Video]

John Oliver Mocks Nancy Pelosi on 'Last Week Tonight' Following House Passage of TikTok Bill | THR News Video

John Oliver is the latest to mock Nancy Pelosi for her widely ridiculed TikTok pun. On HBO's 'Last Week Tonight,' the host brought up how the U.S. House of Representatives passed a bill that would lead to a ban on TikTok if its China-based owner doesn't sell its stake. The bill passed on concerns that the app poses a national security threat under the ownership of Chinese technology firm ByteDance Ltd.

Credit: The Hollywood Reporter    Duration: 01:18Published
This Day in History: President Andrew Johnson Is Impeached (Sat., Feb. 24) [Video]

This Day in History: President Andrew Johnson Is Impeached (Sat., Feb. 24)

This Day in History:, President Andrew Johnson Is Impeached. February 24, 1868. Johnson assumed the presidency after Lincoln's assassination. He became the first U.S. president to be impeached. 11 articles of impeachment were approved by the House of Representatives. They arose from Johnson's unpopular and racist post-Civil War Reconstruction policies. and the firing of Lincoln appointed secretary of war, Edwin Stanton. Johnson's Senate impeachment trial began on March 13. He was not convicted, narrowly escaping removal from office

Credit: Wibbitz Top Stories    Duration: 00:53Published

Kamala Harris Kamala Harris Vice president of the United States since 2021

Dwayne Johnson Says He Won't Endorse Joe Biden Again for 2024 Presidential Race | THR News Video [Video]

Dwayne Johnson Says He Won't Endorse Joe Biden Again for 2024 Presidential Race | THR News Video

Dwayne 'The Rock' Johnson is saying he will not be endorsing Joe Biden for President as he once did during the last presidential election. During an interview with Fox News, Johnson expressed some regret about his 2020 endorsement for Biden and Kamala Harris saying he won't endorse any candidate this year.

Credit: The Hollywood Reporter    Duration: 01:30Published
White House Issues New Rules on How Government Can Use AI [Video]

White House Issues New Rules on How Government Can Use AI

White House Issues New Rules , on How Government Can Use AI. White House Issues New Rules , on How Government Can Use AI. The policy was released by the White House on March 28, 'The Hill' reports. . It is intended to reduce AI risks within the government. According to a White House memo, federal agencies must now appoint a chief AI officer, add safeguards and issue reports about how AI is being used. . Those reports will also be made public, according to 'The Hill.'. However, some AI uses, such as those employed by the Department of Defense, do not require reports because they would be "inconsistent with applicable law and government policy.". Agencies will have 60 days to appoint a chief AI officer. Safeguards to protect Americans' rights and safety must be implemented by December. Vice President Kamala Harris weighed in on the development. I believe that all leaders from governments, civil society and the private sector have a moral, ethical and societal duty... , Vice President Kamala Harris, via call with reporters. ... to make sure that artificial intelligence is adopted and advanced in a way that protects the public from potential harm, while ensuring everyone is able to enjoy its full benefits, Vice President Kamala Harris, via call with reporters

Credit: Wibbitz Top Stories    Duration: 01:30Published
'Immense suffering': US Vice President calls for Gaza ceasefire [Video]

'Immense suffering': US Vice President calls for Gaza ceasefire

Kamala Harris said a pause in fighting between Israel and Hamas would "get the hostages out" and a "significant amount of aid in" to the Palestinian enclave.

Credit: euronews (in English)    Duration: 01:18Published

United States Congress United States Congress Legislative branch of U.S. government

Congress becoming outdated, losing relevance: Rajnath Singh

Rajnath Singh criticizes Congress, praises BJP's nation-building. Mentions RBI book, Modi's role in war. Talks Telangana, BRS, Vajpayee, Ram temple, Article 37,..
IndiaTimes

Congress calling Naxals killed in Chhattisgarh encounter 'martyrs' exposes real face of opposition bloc: BJP

BJP accuses Congress of endorsing Naxals for votes, criticizing sympathy towards 'martyred' Naxals. Congress's lack of support for security forces and..
IndiaTimes

Factional tussle stops Congress from naming more Haryana picks

Haryana Congress grapples with candidate selection challenges amidst factional pressures. Key communities like Jat, Punjabi, and Brahmin must be accommodated in..
IndiaTimes

Sensing defeat in Lok Sabha polls, Congress standing by Naxals for votes: BJP

BJP accuses Congress of supporting Naxals for votes, criticizing security forces' actions. Shehzad Poonawalla highlights Congress' sympathy for Naxals. The..
IndiaTimes

White House White House Official residence and workplace of the president of the United States

How Joe Biden watched the Iranian attack - and what he told Netanyahu

President Biden was in the Situation Room at the White House throughout Saturday evening watching, in real time, Iran's unprecedented attack on Israel unfold.
Sky News

Iran Launches Air Attack Against Israel

Iran has launched an attack on Israel, the White House says in a statement ... and, Israeli Prime Minister Benjamin Netanyahu says the country's prepared. In a..
TMZ.com
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points [Video]

Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. By mid-afternoon, the Dow had fallen 1.4%, the S&P 500 went down 1.6%, and the Nasdaq dropped 1.8%. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The warning comes after Iran accused Israel of a deadly airstrike on a consulate in Damascus, Syria. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . Brent crude futures jumped up to $90.42 a barrel, and West Texas Intermediate crude futures increased to $86.65 a barrel. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. CNN reports that Americans' opinions of the economy have dipped in the past few months amid persistently high inflation. The geopolitical fears come as investors are already contending with concerns that the Federal Reserve could wait to bring interest rates down from a 23-year high. Officials at the Fed have signaled that further rate hikes could still be on the way if the central bank's efforts to fight inflation stall.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Related videos from verified sources

Psaki defends Biden's handling of covid negotiations with GOP [Video]

Psaki defends Biden's handling of covid negotiations with GOP

White House Press Secretary Jen Psaki tells CNN’s Dana Bash that President Biden is open to Republican ideas on covid relief but believes “there is an urgency” to passing the bill now.

Credit: Bleacher Report AOL     Duration: 02:21Published
Cassidy: 'Such a joke' to say Biden worked with GOP on covid relief [Video]

Cassidy: 'Such a joke' to say Biden worked with GOP on covid relief

Republican Sen. Bill Cassidy of Louisiana tells CNN’s Dana Bash that the White House didn’t make a genuine effort to work with Republicans on covid relief.

Credit: Bleacher Report AOL     Duration: 02:49Published
President Biden's $1.9 Trillion Pandemic Relief Package Met With No Support From South Florida House Republicans [Video]

President Biden's $1.9 Trillion Pandemic Relief Package Met With No Support From South Florida House Republicans

CBS4's Jessica Vallejo shares how local lawmakers felt about the bill. Read more: https://cbsloc.al/2NBO22B

Credit: CBS4 Miami     Duration: 02:30Published