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Biden’s scoop as economy melts

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2 years ago

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Biden's scoop

Biden’s scoop as the global economy melts

BIDEN’S SCOOP – In what can only be described as an unusual intervention, President Joe Biden has weighed in on the state of Britain’s economy while in an ice cream shop.

Biden says the economic turmoil following the UK government’s mini-budget was “predictable”.

Speaking in Oregon, Biden was asked by reporters about the PM’s attempt to boost growth with unfunded tax cuts.

To this, the president replied: “Well, it’s predictable. I wasn’t the only one that thought it was a mistake.”

He continued, adding “I think that the idea of cutting taxes on the super wealthy at a time when – anyway, I just think – I disagreed with the policy. But that’s up to Great Britain to make that judgment, not me.”

Biden has previously been criticised for the way he handles U.S.-UK relations. Some believe he gives preferential treatment to his transatlantic relationships in Dublin, Paris and Berlin.

While in the ice cream shop, Biden was also asked about the state of the global economy.

The President answered: “I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell.”

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Why the meme-stock frenzy is unlikely to repeat

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5 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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6 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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7 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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