Video Credit: Reuters - Politics - Duration: 01:34s - Published
Bipartisan group agrees on infrastructure deal
A bipartisan group of 10 U.S. senators said on Thursday it had reached agreement on a framework for a proposed infrastructure spending bill that would not include any tax increases.
A bipartisan group of U.S. senators reached an agreement on Thursday for a proposed infrastructure spending bill.
The group of five Republicans and five Democrats gave no details, but a source familiar with the deal told Reuters the group will suggest spending of over $1 trillion dollars over eight years.
The group did put out a statement saying “[We] reached a bipartisan agreement on a realistic, compromise framework to modernize our nation's infrastructure and energy technologies.
This investment would be fully paid for and not include tax increases." A congressional source told Reuters the agreement proposes using unspent relief funds, but it also opts for indexing federal gas taxes to inflation, which the White House disagrees with.
Democratic U.S. President Joe Biden has pushed for a nearly $2 trillion package in Congress to revamp roads and bridges and tackle issues like education and healthcare.
Republicans have opposed his plan, which includes raising taxes on corporations and the wealthy.
They’ve also said it focuses too much on climate change and social programs. Senate Republican Leader Mitch McConnell said he was open to bipartisan ideas.
Democratic Senate Majority Leader Chuck Schumer said the same though he added earlier on Thursday he might push an option that only has his party's support.
Most bills require 60 votes to pass through the 100-seat Senate, but Democrats could bypass the rule through a maneuver called reconciliation.
The Senate is split 50-50 between the two parties, while Vice President Kamala Harris holds the tie-breaking vote.
Tennessee Passes Bill , Allowing Teachers to Carry Guns.
The Tennessee House of Representatives passed the bill by a vote of 68-28 on April 23, CBS News reports.
The legislation would grant some teachers
and staff the right to carry concealed
handguns at public schools.
The bill will now be sent to Republican
Gov. Bill Lee to either sign or veto. .
If signed into law, the legislation would represent the largest expansion of gun access in Tennessee since the deadly shooting at
The Covenant School in Nashville last year.
Teachers and staff carrying guns would only be known to administrators and police.
Teachers and staff carrying guns would only be known to administrators and police.
Other teachers and students' parents
would not be privy to the information. .
If a school worker wants to carry a handgun, they'd have to have a "permit and written authorization from the school's principal and local law enforcement," CBS News reports. .
If a school worker wants to carry a handgun, they'd have to have a "permit and written authorization from the school's principal and local law enforcement," CBS News reports. .
School districts would need
to grant permission as well.
A background check and 40 hours of training would also be mandatory.
However, school staff would be prohibited from carrying their guns during events at stadiums, gymnasiums or auditoriums. .
Protesters shouted
"Blood on your hands" after
the bill was passed by the
House on April 23
Credit: Wibbitz Top Stories Duration: 01:30Published
Senate Passes $95 Billion , Foreign Aid Package.
On April 23, the U.S. Senate voted
79-18 to approve foreign aid for Ukraine,
Israel and Taiwan, 'The Guardian' reports. .
Today the Senate sends a unified
message to the entire world:
America will always defend
democracy in its hour of need, Senate Majority Leader Chuck Schumer, via statement.
Make no mistake, America will deliver
on its promise to act like a leader on the
world stage, to hold the line against
autocratic thugs like Vladimir Putin. , Senate Majority Leader Chuck Schumer, via statement.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
A provision to ban TikTok
after the election if ByteDance refuses
to sell the platform is also included.
The legislation will now head to President Biden, who told Ukrainian President Volodymyr Zelensky on
April 23 that he will "move quickly" to provide aid.
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
with whom he worked "hand in hand and shoulder to shoulder to get this bill done.".
A lot of people inside and
outside the Congress wanted this
package to fail. But today those in
Congress who stand on the side of
democracy are winning the day, Senate Majority Leader Chuck Schumer, via statement.
Senate Republican Leader Mitch McConnell also issued a statement.
Today’s action is overdue, but our work
does not end here. Trust in American
resolve is not rebuilt overnight. Expanding
and restocking the arsenal of democracy
doesn’t just happen by magic, Senate Majority Republican Leader Mitch McConnell, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Title IX Regulations Add Protections , for Transgender Students.
Title IX prohibits "sex-based discrimination at government-funded schools," 'The Hill' reports. .
On April 19, the Biden administration revealed the last of its changes to the federal civil rights law. .
The new regulations expand how sex discrimination is defined, now including
sexual orientation and gender identity. .
These final regulations build on the
legacy of Title IX by clarifying that
all our nation’s students can access
schools that are safe, welcoming,
and respect their rights. , Education Secretary Miguel Cardona, via statement.
The update also reinstates "protections for student survivors of sexual assault and harassment" which were changed under President Trump, 'The Hill' reports.
Catherine Lhamon, the Education Department’s assistant secretary for civil rights, .
says the new rules will help schools
respond to "all sex discrimination,
not limited to sexual harassment.".
Biden's final changes to Title IX
are sure to be condemned by Republicans
who view transgender protections as failing
to protect cisgender women and girls.
The new changes will take effect Aug. 1.
The Biden administration has not yet finalized an additional rule pertaining to sports eligibility. .
Since 2021, 24 states have passed laws prohibiting transgender student-athletes from playing on
sports teams that align with their gender identity
Credit: Wibbitz Top Stories Duration: 01:31Published
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
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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.”
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Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
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President Biden supports Senator Schumer's call for new elections in Israel amid strained relations over the Gaza conflict. Schumer's criticism of PM Netanyahu's leadership reverberates in both nations. Biden's measured response reflects frustration with Netanyahu's hindrance of humanitarian efforts. Tensions rise over Israeli military operations in Rafah. The U.S. seeks a clear plan to protect civilians while facilitating ceasefire talks.
#Israel #Gaza #IsraelGazawar #Schumer #SenatorSchumer #PMNetanyahu #Rafah #Netanyahu #Oneindia #Oneindianews
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The Senate passed a bill compelling ByteDance to sell TikTok in the US within a year or face a ban, garnering strong bipartisan support. TikTok vows to contest it in court, citing First Amendment violations. Concerns linger about data privacy and censorship linked to China, amid ongoing political scrutiny of the platform.
#tiktokbanusa #tiktokbanusa2024 #tiktokbanushouse #tiktokbanusreaction #tiktokbaninusalive #tiktokbaninusa#tiktokbaninusalatestnews #tiktokbaninussenate #JoeBiden #TikToknews #Worldnews #news #Oneinda #Oneindia news
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The possibility of a ban on TikTok in the US has moved a step closer after the Senate agreed a landmark bill to force its China-based parent company into selling.. Sky News
The Senate has passed $95bn (£76.2bn) in war aid to Ukraine, Israel and Taiwan after months of delays and rows - with Joe Biden set to sign the legislation.. Sky News
Kim Kardashian went back to the White House to advocate for criminal justice reform -- only here, it was with Biden's camp ... proving she's loyal to the cause,.. TMZ.com
President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
#JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia
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President Biden had yet another teleprompter gaffe while speaking at a conference Wednesday ... and it's not the first time the prez fumbled a speech, far from.. TMZ.com
House GOP Advances Aid Bills , for Israel, Ukraine and Taiwan.
The foreign aid bills were advanced by a
9-3 vote, thanks to the help of four Democrats on the committee, CBS News reports. .
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Those Democrats are Jim McGovern, Mary Gay Scanlon, Joe Neguse and Teresa Leger Fernández.
Conservatives who voted against the bills,
because border security wasn't lumped in, include Tom Massie, Ralph Norman and Chip Roy. .
Conservatives who voted against the bills,
because border security wasn't lumped in, include Tom Massie, Ralph Norman and Chip Roy. .
A final vote on the foreign aid package
will take place on April 20. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
The three bills would support Israel,
Ukraine and Taiwan with $26.4 billion,
$60.8 billion and $8.1 billion, respectively. .
$9.1 billion of the Israel package would go toward Palestinian humanitarian efforts. .
A fourth bill seeks to allow the sale of Russian oligarchs' assets that have been frozen in order to continue funding Ukraine.
possibly "force the sale of TikTok
and authorize stricter sanctions on Russia, China and Iran," CBS News reports. .
possibly "force the sale of TikTok
and authorize stricter sanctions on Russia, China and Iran," CBS News reports. .
Some far-right Republicans have threatened to remove House Speaker Mike Johnson from his position for supporting additional Ukraine funding.
Johnson defended his actions, calling lethal aid for Ukraine "critically important.".
If I operated out of fear over
a motion to vacate, I would
never be able to do my job, House Speaker Mike Johnson, via statement.
Look, history judges us for what we
do. This is a critical time right now
critical time on the world stage. , House Speaker Mike Johnson, via statement.
I could make a, you know I can make
a selfish decision and do something that, that's different. But I'm doing here
what I believe to be the right thing, House Speaker Mike Johnson, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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.
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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
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
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Mitch McConnell , Backs Trump Despite , Acrimonious Relationship.
On March 6, Mitch McConnell, the United States
Senate's leading Republican, endorsed
Donald Trump's bid for the 2024 election.
On March 6, Mitch McConnell, the United States
Senate's leading Republican, endorsed
Donald Trump's bid for the 2024 election.
It is abundantly clear that
former President Trump has
earned the requisite support of
Republican voters to be our nominee
for President of the United States, Mitch McConnell, Republican
Senate leader, via 'The Guardian'.
It is abundantly clear that
former President Trump has
earned the requisite support of
Republican voters to be our nominee
for President of the United States, Mitch McConnell, Republican
Senate leader, via 'The Guardian'.
'The Guardian' reports that the news comes after
Trump dominated Super Tuesday primaries,
and Nikki Haley pulled out of the race. .
'The Guardian' reports that the news comes after
Trump dominated Super Tuesday primaries,
and Nikki Haley pulled out of the race. .
It should come as no surprise, that as
nominee, he will have my support, Mitch McConnell, Republican
Senate leader, via 'The Guardian'.
During his presidency, we worked
together to accomplish great things
for the American people including
tax reform that supercharged our
economy and a generational change
of our federal judiciary – most
importantly, the Supreme Court, Mitch McConnell, Republican
Senate leader, via 'The Guardian'.
Trump and McConnell fell out over Trump's challenge
of the 2020 election results, which led to the
January 6 riot at the U.S. Congress.
Trump and McConnell fell out over Trump's challenge
of the 2020 election results, which led to the
January 6 riot at the U.S. Congress.
Ultimately, McConnell voted to acquit Trump
during the former president's impeachment trial.
Last week, McConnell said he plans to step down
as leader at the end of 2024, following elections
which the GOP hopes will give them control of the Senate.
McConnell is the longest-serving
Senate party leader ever, after
first becoming a senator in 1985. .
'The Guardian' reports that the current
list of contenders to replace McConnell
include John Thune of South Dakota
and John Cornyn of Texas. .
'The Guardian' reports that the current
list of contenders to replace McConnell
include John Thune of South Dakota
and John Cornyn of Texas.
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John Cornyn Wants to Be , the Senate’s Next GOP Leader.
On Feb. 28, Mitch McConnell announced that he
is stepping down as Senate Minority Leader.
The next day, Sen. Cornyn threw hit hat into the
ring to succeed McConnell, 'The Hill' reports. .
I am asking my Republican colleagues
to give me the opportunity to
succeed Leader McConnell, Sen. John Cornyn, via statement.
Throughout my time I’ve built a track
record of listening to colleagues and seeking
consensus, while leading the fight to stop
bad policies that are harmful to our
nation and the Conservative cause, Sen. John Cornyn, via statement.
The Republican from Texas went on to
call the Senate "broken" and said he
could perform a "major role" in fixing it. .
From experience, I have learned what
works in the Senate and what does not,
and I am confident Senate Republicans can
restore our institution to the essential role
it serves in our constitutional republic, Sen. John Cornyn, via statement.
We will improve communication,
increase transparency, and ensure
inclusion of every Member’s
expertise and opinion. , Sen. John Cornyn, via statement.
We will restore the important role of
Senate committees and reestablish the
regular appropriations process, rather
than lurch from one crisis to another, Sen. John Cornyn, via statement.
While Cornyn is the first candidate to
announce an official bid for the position, .
other senators that are expected to
make a run for leader include John Thune
and John Barrasso, 'The Hill' reports. .
other senators that are expected to
make a run for leader include John Thune
and John Barrasso, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
McConnell to Step Down , as Senate Republican Leader.
The Senate's longest-serving leader
ever, Mitch McConnell, will step
down in November, AP reports.
The 82-year-old made the
announcement on Feb. 28.
One of life’s most underappreciated talents
is to know when it’s time to
move on to life’s next chapter, Mitch McConnell, via statement.
So I stand before you today ... to
say that this will be my last term
as Republican leader of the Senate, Mitch McConnell, via statement.
While McConnell will no longer serve as the Senate's Republican leader, he will complete his term,
"albeit from a different seat in the chamber," he said.
That term ends in January 2027.
President Biden, 81, commented
on the development.
I’ve trusted him and we have
a great relationship. We fight like
hell. But he has never, never,
never misrepresented anything, President Joe Biden, via statement.
According to McConnell's aides, the
announcement was not related to health issues.
As I have been thinking about when I would
deliver some news to the Senate, I always
imagined a moment when I had total clarity
and peace about the sunset of my work, Mitch McConnell, via statement.
A moment when I am certain I have
helped preserve the ideals I so
strongly believe. It arrived today, Mitch McConnell, via statement
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Kamala Harris' Secret Service team faced a violent threat this week, having to defend one of their agents ... from one of their own!!! Secret Service.. TMZ.com
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.
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
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
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
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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
[NFA] U.S. President Joe Biden promoted his $1.2 trillion infrastructure package as a "generational investment" on Tuesday as he sought to pump up support for a plan that is in need of wide support in..
Senior White House adviser Cedric Richmond tells CNN’s Jake Tapper that President Biden ultimately expects to sign both a bipartisan infrastructure deal and a sweeping reconciliation bill into law.