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Joe Biden

President Biden Hosting Leaders From India, Japan, Australia Friday in First 'Quad' Summit

AP News | Equities.com |

President Joe Biden on Friday is set to host the first in-person gathering of leaders of an Indo-Pacific alliance known as “the Quad” as he wraps up a difficult week of diplomacy after facing no shortage of criticism from allies and adversaries.

The White House meeting with leaders from India, Japan and Australia gives Biden a chance to put the spotlight on a chief foreign policy goal: greater attention to the Pacific in light of what the United States sees as China’s coercive economic practices and unsettling military maneuvering in the region.


President Biden's New Alliance With Australia and Britain Angers France and European Union

AP News | Equities.com |

President Joe Biden’s decision to form a strategic Indo-Pacific alliance with Australia and Britain to counter China is angering France and the European Union. They’re feeling left out and seeing it as a return to the Trump era.

The security initiative, unveiled this week, appears to have brought Biden’s summer of love with Europe to an abrupt end. AUKUS, which notably excludes France and the European Union, is just the latest in a series of steps, from Afghanistan to east Asia, that have taken Europe aback.


Biden Administration To Unveil Plan for Lower Prescription Drug Prices in Medicare

Reuters | Equities.com |

The Biden administration is set to unveil a plan that supports legislation to empower the U.S. federal government to negotiate drug prices in Medicare and pass along the benefits to the private sector, the Wall Street Journal reported on Thursday.

The COVID-19 outbreak, which has upended the U.S. economy and so far killed about 649,299 people in the country, has drawn renewed attention to healthcare costs.


US Completes Withdrawal From Afghanistan, Ending Longest War

AP News | Equities.com |

The United States has completed its withdrawal from Afghanistan, ending America’s longest war and closing a chapter in military history likely to be remembered for colossal failures, unfulfilled promises and a frantic final exit that cost the lives of more than 180 Afghans and 13 U.S. service members, some barely older than the war.

Hours ahead of President Joe Biden’s Tuesday deadline for shutting down a final airlift, and thus ending the U.S. war, Air Force transport planes carried a remaining contingent of troops from Kabul airport late Monday. Thousands of troops had spent a harrowing two weeks protecting the airlift of tens of thousands of Afghans, Americans and others seeking to escape a country once again ruled by Taliban militants.


HHS Launches Office of Climate Change and Health Equity

Kimberly Redmond | Equities.com |

The US Department of Health and Human Services (HHS) has launched a new office designed to address the health impacts and disparities caused by climate change. In a press release Monday, HHS said the new Office of Climate Change and Health Equity (OCCHE) will be focused on protecting vulnerable communities that “disproportionately bear the brunt of pollution and climate-driven disasters, such as drought and wildfires, at the expense of public health.”


Biden Vows To Complete Evacuation, Avenge Deaths of 13 US Service Members

AP News | Equities.com |

President Joe Biden is vowing to complete the evacuation of American citizens and others from Afghanistan despite the deadly suicide bomb attack at the Kabul airport. He promised to avenge the deaths of 13 U.S. service members killed in the attack, declaring to the extremists responsible: “We will hunt you down and make you pay.”

Speaking with emotion from the White House, Biden said the Islamic State group’s Afghanistan affiliate was to blame for the Thursday attacks that killed the Americans and many more Afghan civilians. He said there was no evidence they colluded with the Taliban, who now control the country.


White House To Work With Tech, Finance and Infrastructure Companies on New Cybersecurity Guidelines

Reuters | Equities.com |

The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to "raise the bar on cybersecurity."

At White House meetings with Biden and members of his Cabinet, executives from Big Tech, the finance industry and infrastructure companies said they would do more about the growing threat of cyber attacks to the U.S. economy.


President Biden Says Afghan Evacuation Is on Track for August 31 Deadline

Reuters | Equities.com |

U.S. President Joe Biden said U.S. troops in Afghanistan faced mounting danger as they pushed to complete evacuations by an Aug. 31 deadline, with aid agencies warning of a looming humanitarian crisis for the population left behind.

The United States and its allies have evacuated more than 70,000 people, including their citizens, NATO personnel and Afghans at risk, since Aug. 14, the day before the Taliban swept into the capital, Kabul.


House Passes $3.5 Trillion Budget Blueprint After Reaching Compromise With Moderate Lawmakers

AP News | Equities.com |

Striking a deal with moderates, House Democratic leaders have muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle, ending a risky standoff and putting the party’s domestic infrastructure agenda back on track.

The 220-212 vote Tuesday was a first move toward drafting Biden’s $3.5 trillion rebuilding plan this fall, and the narrow outcome, in the face of unanimous Republican opposition, signaled the power a few voices have to alter the debate and the challenges ahead still threatening to upend the president’s agenda.


Biden Administration To Erase Student Loan Debt for 300,000 Americans With Severe Disabilities

AP News | Equities.com |

The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes.

The move will wipe out more than $5.8 billion in debt, according to the Education Department, and it marks the start of a broader overhaul of a program that has been criticized for having overly burdensome rules.


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