International

Biden makes late-night TV debut as president

AFP

Joe Biden on Friday used his first late-night television talk show appearance as US president to highlight his infrastructure bill — and laugh off his flagging approval ratings.

Biden’s appearance on NBC’s “The Tonight Show Starring Jimmy Fallon” is the first by a sitting president since Barack Obama, and comes as the White House seeks to highlight the recently passed bill for upgrading the nation’s tattered transport networks.

Despite its passage, Biden’s approval ratings have sunk to the low 40 percent area, in part due to the spike in inflation.

Asked by host Jimmy Fallon if he pays attention to approval ratings, Biden dead-panned: “Well, not anymore.”

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“I’m joking. I was paying attention when it was in the mid-60s, but when it’s in the mid-40s I don’t pay attention,” said the president, to laughter from the studio audience.

Biden’s appearance by remote video comes after his predecessor President Donald Trump declined invitations for any late-night talk shows as president.

Obama frequently used programs hosted by Fallon and rivals such as Jimmy Kimmel and Stephen Colbert to speak to the wider US public.

Fallon opened the show by joking the pair would “discuss the economy, the infrastructure bill, and break down the first two episodes of the ‘Sex and the City’ reboot.”

Fallon managed one barb about inflation figures, claiming he had earlier asked the president how excited he was to appear on the show on a scale of one to ten.

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“He said ten. But six without inflation.”

But during the interview, Fallon allowed Biden to set out policies including his landmark $1.8 trillion Build Back Better plan to improve social services and fight climate change, which faces a tough road in Congress.

Wearing a suit and tie, and seated in front of a festively decorated mantlepiece, Biden also urged Americans to get booster shots and highlighted steady declines in the unemployment rate.

“We do have inflation on things that in fact matter in people’s lives” such as gas prices, said Biden.

“It’s going to come down,” he promised.

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The interview — in which Fallon praised Biden for “bringing class back to the office” of the president and asked “does anyone really understand how hard your job is?” — ended with the talk host being invited over to the White House for dinner.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.