While President Joe Biden and Republican leadership came to an agreement on the debt limit—some lawmakers say the fiscal policy is a bad deal and does not rein in spending.

 
The executive branch and Congress tried to strike a deal about the debt limit as the country marched closer to defaulting.

The Treasury has been warning that the government could run out of money sometime in the beginning of June and would likely default on some bills if Congress does not raise the debt ceiling.

Democrats have insisted on raising the debt limit without preconditions.

But, Republicans say President Joe Biden and the Democrats are playing Russian roulette with America’s economy after a two-year spending binge that brought 40-year high inflation and pushed the nation’s debt to over $31-trillion.

While President Biden and Republican leadership came to an agreement on the debt limit—many lawmakers say the fiscal policy is a bad deal and does not rein in spending.

New Jersey Congressman Jeff Van Drew, a Republican from New Jersey voted against the bill and joined us to discuss. #USpolitics #washingtondc #politics #debtlimit #debtdeal #veronicadudo #jeffvandrew #newjersey #congress

Rare earths elements are responsible for some of the most important materials involved in electric vehicle production, battery making, renewable energy systems and technology manufacturing.

 
Last year, President Joe Biden said he wanted to make rare earths an important domestic policy initiative and he signed an executive order to review gaps in the domestic supply chains for rare earths, medical devices, chips, and other key resources.

The Department of Energy announced a $30 million initiative to tap into researching and securing the U.S. domestic supply chain for rare earths and other important minerals in battery-making production.

But at the same time, President Biden also blocked the mining of rare earth minerals on more than 225,000 acres of federal land for more than 20 years.

Is it possible for the U.S. to change course and again have a seat at the table in producing rare earths elements?

To discuss further, Luisa Moreno the President of the Defense Metals Corp. joined us.
#rareearthelements #rareminerals #China #UnitedStates #Veronicadudo #luisamoreno

Rare earths elements are needed to make iPhones, advanced batteries, military night-vision goggles and MRI machines. According to the U.S. Genealogical Survey, China was responsible for 80% of rare earths imports in 2019.

 
Critical earth minerals are a necessity for humans around the world.

They are essential to our modern-day lifestyles and critical in the creation of things such as iPhones, electric vehicles, and advanced precision weapons.

While the United States is dependent on other countries for many minerals, there is no country that America is more dependent on than China. And all these minerals come at a price.

Rare earths elements are needed to make everything from the technology we use every day like smart refrigerators and advanced batteries to night-vision goggles used by the military to MRI machines which are crucial to the medical field.

Many in the government, business, and science sectors have long raised concerns about how to ensure the West’s continued supply of these critical earth minerals.

The United States was once a dominant player in the rare earths supply chain, but for decades, that global market has been dominated by China.

According to the U.S. Genealogical Survey, China was responsible for 80% of rare earths imports in 2019.

Last year, the Biden administration even touted a new plan for the United States to rival China and end their decades-long dominance of rare earth metals market.

So, how reliant is the West on Chinese rare earth exports?

Luisa Moreno the President of the Defense Metals Corp joined us to discuss. #rareearthelements #china #unitedstates #greenagenda #veronicadudo #luisamoreno #trade