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Moderate democrats standing in the way of U.S spending bill

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As Joe Biden’s signature $3.5 trillion dollar spending bill moves closer towards being implemented, there is one key Democrat standing in the way

FILE PHOTO: U.S. President Joe Biden speaks speaks during a brief appearance at the White House in Washington, U.S., January 25, 2021. REUTERS/Kevin Lamarque/File Photo

Senator Joe Manchin is insisting that he cannot support the new bill, saying the price tag is too large and the White House has rushed it through due process.

This is an issue for the Democratic party, given that the US Senate is divided 50/50, meaning every vote counts.

It follows Biden’s Chief of Staff saying he believed Manchin was in full support of the bill… and the reconciliation package was “full speed ahead”.

But Manchin appeared on two political talk shows over the weekend, saying “If I can’t go home and explain the bill, I can’t vote for it”.

Meanwhile, prominent Democratic senator Bernie Sanders says American taxpayers can afford the bill, and Manchin’s lack of support is “not acceptable”.

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Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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U.S. and Ukraine advance new peace plan amid rising tensions

U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.

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U.S. and Ukrainian negotiators progress in Geneva on a peace plan amid Russian strikes and geopolitical tensions.


U.S. and Ukrainian negotiators have made meaningful progress in Geneva, shaping an updated peace plan despite continued Russian strikes and growing geopolitical pressure. The talks represent one of the most significant diplomatic pushes in months as both nations work to narrow the remaining gaps in the framework.

While the proposal is being hailed as a breakthrough by some, leaders in Kyiv and parts of Europe fear it may tilt in Russia’s favour. Sensitive issues, security guarantees, and the controversial details of a leaked U.S. draft are now fuelling debate on both sides of the Atlantic.

With U.S. senators divided and European leaders deeply involved, the next steps will determine whether this framework becomes a workable path to peace or sparks further tension.

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#UkraineWar
#USPolitics
#PeaceTalks
#RussiaUkraine
#Geopolitics
#GlobalNews
#TickerNews
#InternationalRelations


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Trump And Xi hold rare call to discuss Taiwan and global tensions

Trump and Xi’s rare call reignites focus on Taiwan, highlighting U.S.-China tensions and strategic priorities.

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Trump and Xi’s rare call reignites focus on Taiwan, highlighting U.S.-China tensions and strategic priorities.


A rare high-level call between President Trump and Chinese President Xi Jinping has reignited global attention on Taiwan and broader geopolitical tensions. The conversation marked the first direct exchange in months between the two leaders.

Xi placed Taiwan at the centre of the call, underscoring its significance to China’s national strategy. The Chinese leader reaffirmed Beijing’s long-held position that Taiwan’s path back to the mainland is essential for international stability.

The discussion sets the stage for potential shifts in U.S.–China relations as both countries reassess their strategic priorities.

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#Trump #XiJinping #Taiwan #ChinaUSRelations #Geopolitics #InternationalAffairs #GlobalTensions #TickerNews


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