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Biden & McCarthy progressing towards debt ceiling deal

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An agreement needs to be reached and passed by both chambers of Congress before the federal government runs out of money to pay its bills

 
U.S. President Joe Biden and House Speaker Kevin McCarthy both underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default.

“I’m confident that we’ll get the agreement on the budget. That America will not default,” Biden said.

Biden addressed the looming crisis before leaving for the G7 summit of world leaders in Hiroshima, Japan – a trip cut short due to ongoing negotiations.

“We’re going to come together because there’s no alternative. We have to do the right thing for the country,” Biden continued.

“We have to move on. And to be clear, this negotiation is about the outlines of what the budget will look like, not about whether or not we’re going to, in fact, pay our debts.

“Leaders have all agreed we will not default. Every leader has said that.”

Biden’s comments come after he and top Congressional leaders met in the Oval office, and the president agreed to negotiate directly with McCarthy on a deal, after a months-long standoff.

An agreement needs to be reached and passed by both chambers of Congress before the federal government runs out of money to pay its bills, which could happen as soon as June 1.

Asked by reporters at the Capitol whether it’s possible to reach a debt ceiling deal by the time Biden returns from Asia on Sunday, McCarthy replied, “It’s doable.”

“But now we’re along such a short timeline, it makes it almost harder.

“But if there’s one thing you know from me, I never give up. I have the grit, the perseverance, and we’re gonna get it done,” McCarthy affirmed.

Negotiators are aiming to hammer out an agreement before Biden’s scheduled return.

Congress would then have to act swiftly before the deadline hits.

McCarthy said the House – which Republicans currently control by a slim nine-seat majority – would vote first on any deal before sending it on to the Democrat-controlled Senate for approval.

Senate rules would require at least nine Republicans to go along with any deal. #trending #featured

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Is President Biden securing a ‘made in America’ supply chain for critical minerals?

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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

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Is the West too reliant on Chinese rare earth exports?

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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

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Moscow says sending F-16 jets to Ukraine is a “colossal risk”

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As Ukraine braces a summer of violence, Kyiv is pleading for more air support from NATO

 
U.S. President Joe Biden recently granted his backing for Kyiv’s pilots to be trained on F-16 fighter jets.

These jets can be used in a variety of combat scenarios, including air-to-air or gound-attacks.

In fact, the U.S. Air Force has described these jets as a “relatively low-cost, high-performance weapon system.

Thousands of F-16s have been sent around the world. However, Kyiv has been requesting for this support for months.

Ukraine’s President Volodymyr Zelensky believes there is “substantial progress” in convincing western allies to equip Kyiv with fighter jets.

Zelensky said the jets are a “key component” of gaining an advantage over Russian forces.

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