U.S., China Plunge Further Into a Spiral of Hostility: WSJ
Just a few weeks ago, China and the U.S. were tiptoeing toward a rapprochement. Now, any fence-mending has been postponed. Source link
China’s new foreign minister on U.S. relations, Taiwan, spy balloon
BEIJING – China’s new foreign minister, Qin Gang, said relations with the U.S. have left a “rational path” and warned of conflict if Washington doesn’t “hit the brake.”Qin, who was until recently China’s ambassador to the U.S., said China would “pursue a sound and stable relationship with the U.S.”However, he said the Biden administration’s call […]
Biden warns of GOP plans to curb access to health care
U.S. President Joe Biden will deliver a blistering criticism of Republican policies at a speech in Virginia Beach on Tuesday afternoon where he will warn of GOP plans to cut access to federal health-care programs.Speaking at the Kempsville Recreation Center, Biden will point to GOP proposals to repeal the Affordable Care Act and cut funding […]
Russia Turns to China’s Yuan in Effort to Ditch the Dollar: WSJ
Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches. Source link
S.O.S for the U.S. Electric Grid: WSJ
PJM Interconnection sounds the latest alarm that fossil-fuel plants are shutting down without adequate replacement power. The political class yawns. Source link
China Sticks Close to Russia as It Makes Cautious Diplomatic Push
WorldAsiaChinaBeijing has sought to cast itself as an advocate for peace in Ukraine, but shown little willingness to distance itself from Moscow’s positions Source link
U.S. to Expand Troop Presence in Taiwan for Training Against China Threat
WSJ News ExclusiveAsiaThe Pentagon is helping Taiwan focus on tactics and weapon systems that would make the island harder to assault Source link
Opinion: Bernie Sanders and Elizabeth Warren’s bold tax hike to shore up Social Security
Elizabeth Warren and Bernie Sanders want to shore up Social Security by raising the top rate of income tax by a third, and the top rate of capital-gains tax by more than a half. The Democratic senators have made the proposals in a new bill that would balance Social Security’s books, and expand benefits. It […]
Debt-Ceiling Standoff Prompts Backup Plans, but They Face Hurdles Too: WSJ
Potential alternatives for the U.S. to avoid default—from simply ignoring it, to minting a trillion-dollar coin—are met with skepticism. Source link
Fed’s Inflation Fight Pushes Up Cost of U.S. Debt
EconomyU.S. EconomyRepublicans and Democrats disagree on whether debt load is manageable Source link