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Biden hammers Republican ‘chaos’ in economic speech

Photo: Andrew Caballero-Reynolds / AFP

January 26 | By AFP |

President Joe Biden said Thursday he will veto any Republican legislation that threatens to sow “chaos” in the US economy.

“I will not let it happen. Not on my watch. I will veto everything,” he said in a speech laying out his economic vision at a Virginia pipe fitters union hall.

Biden said congressional Republicans’ push to block expansion of the nation’s borrowing limit, threatening a US debt default, would spark “chaos” and “pain” for the world’s number one economy.

He described another major Republican economic idea — replacing the income tax with a 30 percent sales tax — as “almost unbelievable” and a gimmick to allow “millionaires and billionaires” to avoid paying taxes.

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The speech, which touted Biden’s promise of a US manufacturing rebirth, laid out the attack lines of the Democrat’s expected 2024 re-election bid. 

The president, who at 80 is already the oldest US leader in the nation’s history, has not yet announced whether he will seek a second term.

However, a decision is expected soon and the timing of US economic resurgence from the Covid-19 pandemic shutdowns appears to be working in Biden’s favor.

Only a few months ago, Biden looked deeply vulnerable as the highest inflation in four decades ate into Americans’ savings and salaries, while economists sounded increasingly pessimistic on the prospects of avoiding a recession.

The latest data on Friday showing GDP growth of 2.1 percent in 2022, with a stronger than expected 2.9 percent surge in October to December, gave ammunition to Biden administration officials who argue that they have instead managed to steer the world’s largest economy out of danger.

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Likewise, inflation has been slowly but steadily dropping from highs through six straight months.

Polls show Biden remains unpopular — with only a 42 percent average approval rating. There is lukewarm enthusiasm, even among Democrats, for him to seek a second term, which he would complete at the age of 86.

But with hard-right Republicans holding sway in the House of Representatives and Donald Trump already campaigning to try a comeback in 2024, Biden’s calculus is that he will be able to repeat his feat in 2020 when Americans opted for his centrist message.

To underline his economic credentials, Biden announced what the White House is calling an “Invest in America Cabinet” comprising the secretaries of commerce, labor, transportation, treasury, energy, health and the environment.

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International

Trump urges Putin to reach peace deal

On Monday, U.S. President Donald Trump reiterated his desire for Russian President Vladimir Putin to “reach a deal” to end the war in Ukraine, while also reaffirming his willingness to impose sanctions on Russia.

“I want to see him reach an agreement to prevent Russian, Ukrainian, and other people from dying,” Trump stated during a press conference in the Oval Office at the White House.

“I think he will. I don’t want to have to impose secondary tariffs on Russian oil,” the Republican leader added, recalling that he had already taken similar measures against Venezuela by sanctioning buyers of the South American country’s crude oil.

Trump also reiterated his frustration over Ukraine’s resistance to an agreement that would allow the United States to exploit natural resources in the country—a condition he set in negotiations to end the war.

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International

Deportation flight lands in Venezuela; government denies criminal gang links

A flight carrying 175 Venezuelan migrants deported from the United States arrived in Caracas on Sunday. This marks the third group to return since repatriation flights resumed a week ago, and among them is an alleged member of a criminal organization, according to Venezuelan authorities.

Unlike previous flights operated by the Venezuelan state airline Conviasa, this time, an aircraft from the U.S. airline Eastern landed at Maiquetía Airport, on the outskirts of Caracas, shortly after 2:00 p.m. with the deportees.

Interior Minister Diosdado Cabello, who welcomed the returnees at the airport, stated that the 175 repatriated individuals were coming back “after being subjected, like all Venezuelans, to persecution” and dismissed claims that they belonged to the criminal organization El Tren de Aragua.

However, Cabello confirmed that “for the first time in these flights we have been carrying out, someone of significance wanted by Venezuelan justice has arrived, and he is not from El Tren de Aragua.” Instead, he belongs to a gang operating in the state of Trujillo. The minister did not disclose the individual’s identity or provide details on where he would be taken.

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International

Son of journalist José Rubén Zamora condemns father’s return to prison as “illegal”

Guatemalan court decides Wednesday whether to convict journalist José Rubén Zamora

The son of renowned journalist José Rubén Zamora Marroquín, José Carlos Zamora, has denounced as “illegal” the court order that sent his father back to a Guatemalan prison on March 3, after already spending 819 days behind barsover a highly irregular money laundering case.

“My father’s return to prison was based on an arbitrary and illegal ruling. It is also alarming that the judge who had granted him house arrest received threats,” José Carlos Zamora told EFE in an interview on Saturday.

The 67-year-old journalist was sent back to prison inside the Mariscal Zavala military barracks on March 3, when Judge Erick García upheld a Court of Appeals ruling that overturned the house arrest granted to him in October. Zamora had already spent 819 days in prison over an alleged money laundering case.

His son condemned the situation as “unacceptable”, stating that the judge handling the case “cannot do his job in accordance with the law due to threats against his life.”

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