News

Joe Biden

AP News | Equities.com |

Fresh from supportive summits with allies, Joe Biden declared himself ready Tuesday to take on Russia’s Vladimir Putin in far more confrontational talks — a climactic finish to the most important week of meetings in his young presidency.

Biden meets for his first talks as president with the Russian leader on Wednesday, in what’s expected to be roughly a half-day of discussions between the two leaders and aides behind closed doors. That’s after spending much of a weeklong European trip — the foreign policy highlight of his presidency so far — working to strengthen ties with like-minded partner nations in order to better deal with rivals Russia and China.


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The deal the United States and the European Union reached Tuesday to end their long-running rift over subsidies to Boeing and Airbus will suspend billions in punitive tariffs. It will ease trans-Atlantic tensions. And it will let the two sides focus on a common economic threat: China.

But the breakthrough still leaves some trade friction between the U.S. and the EU unresolved. Most prominently, President Biden kept in place import taxes that President Donald Trump imposed on European steel and aluminum, a move that infuriated some of America’s closet allies three years ago.


Reuters | Equities.com |

By Andrea Shalal, Humeyra Pamuk and Robin Emmott

In 2017, the president of the United States shocked Washington’s Western allies during his first European trip, scolding them for failing to pay their “fair share” on defense, physically shoving aside one prime minister, and white-knuckling another leader in a public handshake.

After four tumultuous years for the transatlantic relationship under Donald Trump, his Democratic successor Joe Biden...


Reuters | Equities.com |

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.

The group of five Republicans and five Democrats gave no details, but a source familiar with the deal said it would cost $974 billion over five years and $1.2 trillion over eight years, and includes $579 billion in new spending.


AP News | Equities.com |

Set to embark on the first overseas trip of his term, President Joe Biden is eager to reassert the United States on the world stage, steadying European allies deeply shaken by his predecessor and pushing democracy as the only bulwark to rising forces of authoritarianism.

Biden has set the stakes for his eight-day trip in sweeping terms, believing that the West must publicly demonstrate it can compete economically with China as the world emerges from the coronavirus pandemic.


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President Joe Biden ended talks with a group of Republican senators on a big infrastructure package on Tuesday and started reaching out to senators from both parties in a new effort toward bipartisan compromise, setting a summer deadline for Congress to pass his top legislative priority.

The president is walking away from talks with lead Republican negotiator Sen. Shelley Moore Capito after the two spoke Tuesday, but would welcome her in the new bipartisan group, according to an administrative official who spoke on condition of anonymity to discuss the private negotiations.


AP News | Equities.com |

China vehemently objected Friday to President Joe Biden’s expansion of a list of Chinese companies whose shares are off-limits to U.S. investors.

Late Thursday, the White House issued the update of to an order signed last year by his predecessor Donald Trump that aims to strengthen controls on investments in Chinese companies that the U.S. says are linked to defense and surveillance.


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An emotional President Joe Biden marked the 100th anniversary of the massacre that destroyed a thriving Black community in Tulsa, declaring Tuesday that he had “come to fill the silence” about one of the nation’s darkest — and long suppressed — moments of racial violence.

“Some injustices are so heinous, so horrific, so grievous, they cannot be buried, no matter how hard people try,” Biden said. “Only with truth can come healing.”


AP News | Equities.com |

The White House said Monday that President Joe Biden is awaiting an infrastructure counteroffer from Senate Republicans after a core group of GOP negotiators rejected his latest $1.7 trillion proposal, leaving the fragile talks on a compromise at a standstill before a Memorial Day deadline.

White House Press Secretary Jen Psaki said the president is “eager to engage” and would welcome more talks with the senators. But she said the Republicans have “a ways more to go” to find common ground. Biden dropped $500 billion from his initial $2.3 trillion offer, and Psaki said the Republicans raised their $568 billion offer by about $50 billion. Republicans have rejected Biden’s plan to pay for the road and broadband spending with a corporate tax increase.


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The Biden administration imposed sanctions Wednesday on Russian companies and ships for their work on a European natural gas pipeline adamantly opposed by the U.S., but President Joe Biden angered many Democratic and Republican lawmakers by opting not to punish the German company overseeing the project.

Waiving penalties regarding ally German in the Nord Stream 2 project was “in line with our commitment to strengthen our Transatlantic relationships as a matter of national security,” Secretary of State Antony Blinken said in a statement.