24,370 views Sep 12, 2022 President Biden announced new steps in his “Cancer Moonshot” initiative aimed to speed the discovery of new cancer treatments as it remains the second leading cause of death in the U.S. NBC News’ Monica Alba reports.
By Frank Ordonez, Updated September 1, 20229:31 PM ET
President Biden on Thursday warned Americans that democracy is under attack from a faction of the Republican party led by former President Donald Trump, and called on Democrats, mainstream Republicans and independents to “speak up, speak out, get engaged — vote, vote, vote.”
In a rare prime time speech, Biden attacked his predecessor, saying that “too much of what’s happening in our country today isn’t normal.” The speech came just two months ahead of midterm congressional elections, where Democrats are fighting to keep their slim majorities in the Senate and House of Representatives.
Biden said the Republican party is “dominated, driven, intimidated by Donald Trump” and his supporters, calling it “a threat to this country.”
By Kathryn Watson, Allison Elyse Gualtieri, Nancy Cordes, Updated on: August 24, 2022 / 12:16 PM CBS News
Washington — President Biden announced Wednesday he is forgiving up to $10,000 in federal student loan debt for millions of Americans and an additional $10,000 for low-income borrowers while extending a pause on monthly payments, delivering long-awaited relief just weeks before the midterm elections.
Under the plan, which the president unveiled on Twitter, borrowers earning less than $125,000 a year, or couples earning less than $250,000 a year, would be eligible for up to $10,000 in loan forgiveness. Recipients of Pell Grants, which are given to students with the greatest financial need, would be eligible for another $10,000 in relief. Loan payments will also be capped at 5% of monthly income. Current students will be eligible for debt relief as well, although future students will not be, according to senior administration officials who explained the details of the plan to reporters on a call.
By NASA, July 12, 2022
President Joe Biden unveiled this image of galaxy cluster SMACS 0723, known as Webb’s First Deep Field, during a White House event Monday, July 11.
Webb’s image covers a patch of sky approximately the size of a grain of sand held at arm’s length by someone on the ground – and reveals thousands of galaxies in a tiny sliver of vast universe.
Webb’s sharp near-infrared view brought out faint structures in extremely distant galaxies, offering the most detailed view of the early universe to date. NASA and its partners will release the full series of Webb’s first full-color images and data, known as spectra, Tuesday, July 12, during a live NASA TV broadcast.
“We saw flagrant violations of international law,” Biden said. “Putin is the aggressor. Putin chose this war.”
The new package of sanctions aims to cut Russia off from the U.S.’s financial markets and include freezing the assets of major Russian banks, including VTB Bank, the nation’s second-biggest bank, Biden said Thursday.
Biden said the U.S. is deploying additional forces to Germany to bolster NATO forces in the face of the Russian invasion.
Biden has made clear that the U.S. would go after Russia financially, not militarily. The goal is to make Moscow pay so high a price that the Kremlin will change course.
“Our forces are not and will not be engaged in the conflict with Russia in Ukraine,” Biden said.
Earlier this week, Biden announced heavy financial sanctions against Russian banks and oligarchs, declaring that Moscow had violated international law.
European Commission President Ursula von der Leyen threatened to hit the Russian elites with “massive and targeted sanctions,” saying she would put to EU leaders late Thursday a proposal that would target strategic sectors of the Russian economy by blocking access to key technologies and markets.
She said the sanctions, if approved, “will weaken Russia’s economic base and its capacity to modernize. And in addition, we will freeze Russian assets in the European Union and stop the access of Russian banks to European financial markets.”
“We want to cut off Russia’s industry from the technologies desperately needed today to build the future,” von der Leyen said.
The consequences of the conflict and resulting sanctions on Russia started reverberating throughout the world.
Stocks tumbled worldwide Thursday after Russia’s attack sent fear coursing through markets and upped the pressure on the high inflation already hurting people and businesses around the world.
The S&P 500 sank 1.6% to continue its dismal start of the year. It’s now down almost 14% from the record high it set in early January.
European markets sank even more, with the German DAX down nearly 5%. Bond yields fell as investors sought safety and the price of oil soared toward $100 a barrel. The conflict could send prices spiraling even higher at gasoline pumps and grocery stores everywhere.
Moscow’s stock exchange briefly suspended trading on all its markets on Thursday morning. After trading resumed, the ruble-denominated MOEX stock index tumbled more than 20% and the dollar-denominated RTS index plunged by more than one-third.
As the conflict in Ukraine continues, NewsNation will bring Americans the latest developments from abroad and insights into its impact at home throughout our newscasts. We’re dropping the paywall on our live stream so it’s available to everyone. You can watch NewsNation’s programming, including the latest on Ukraine, at the top of the hour from 7-10 a.m. and 5-11 p.m. ET.
What the beleaguered operator should do with $66 billion from Congress.
By Henry Grabar, July 30, 202112:31 PM
Amtrak Joe delivers.
The bipartisan infrastructure bill that seems likely to pass the Senate contains $66 billion for intercity rail, which is pretty damn close to the $80 billion President Joe Biden asked for in April. The White House calls it “the largest investment in passenger rail since the creation of Amtrak 50 years ago.”
The deal includes $22 billion in “grants” for Amtrak, another $24 billion specifically for the Northeast Corridor, and another $20 billion for intercity service, safety grants, and grade crossing improvements. (What’s the difference between the first chunk of grants and the last? The White House hasn’t detailed that yet.)
That will mean better Amtrak service on existing high-traffic routes (relatively speaking) like Portland–Seattle, Richmond–D.C., and Chicago–Milwaukee. It might mean new service in fast-growing regions, like between Charlotte and Atlanta or Atlanta and Nashville.