Tag: Biden

  • Biden steps up pressure on Fed to toughen rules for regional banks

    Biden steps up pressure on Fed to toughen rules for regional banks

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    A White House official told reporters that they believe all the steps they’re pointing to can be accomplished under existing law. Given that the banking agencies — the Fed, the FDIC and the Office of the Comptroller of the Currency — are structured to act independently of the president, however, the administration can only apply political pressure.

    “A lot of these regulators were nominated by this president in part because they share his view of the kind of bank regulation we want to see,” the official said. “We’re hopeful that they take these steps,” but they have the flexibility to apply the rules as they see fit.

    The campaign for tougher rules demonstrates how quickly the political climate for larger banks has shifted since the stunning demise of SVB and fellow regional lender Signature Bank. The change is all the more striking because just a few years ago regional lenders secured bipartisan support for the law that lightened their oversight in comparison to megabanks like Goldman Sachs or Bank of America.

    Scrutiny on the banking sector could also blunt efforts by those global giants to head off even tougher rules that the Fed was already contemplating before SVB’s demise.

    The Bank Policy Institute, which represents both megabanks and large regional firms, hit back.

    “It would be unfortunate if the response to bad management and delinquent supervision at SVB were additional regulation on all banks that would impose meaningful costs on the U.S. economy going forward,” BPI President Greg Baer said in a statement. “This has a strong feeling of ready, fire, aim.”

    The White House announcement comes just weeks after former Fed Vice Chair Lael Brainard joined the administration as Biden’s top economic policy adviser. She served as the lone Democrat on the Fed’s board during much of the Trump era and dissented against most of the regulatory overhaul that happened during that time.

    Among the changes advocated by the White House: making regional banks subject to stress testing annually, under which the government requires them to game out how they might fare under severe economic scenarios.

    They also urged the FDIC to shield community banks from bearing the costs of replenishing the deposit insurance fund after the failure of SVB and Signature Bank, something Chair Martin Gruenberg signaled he was open to in hearings this week.

    Regulators and Treasury Secretary Janet Yellen agreed to back uninsured depositors at both failed firms, fearing runs at other similar institutions — moves expected to cost the FDIC nearly $23 billion.

    “Community banks play a really important role in a lot of communities, we think it’s important to preserve that model,” the White House official said. “They were not to blame for the actions that resulted in the interventions.”

    That, coupled with statements by Federal Reserve Vice Chair for Supervision Michael Barr that he doesn’t intend to raise loss-absorbing capital requirements for small banks indicates that they may be shielded from the bulk of the blowback.

    Both Gruenberg and Barr were grilled by lawmakers at hourslong hearings this week in both the House and the Senate, where they indicated that tougher rules for regional banks are in store.

    Barr, who was nominated by Biden and confirmed last July, is conducting a review of what went wrong in the Fed’s oversight of SVB, with a report expected by May 1 that will recommend regulatory and supervisory actions.

    In its fact sheet, the White House also backed early moves by regulators toward requiring large regional banks to hold long-term debt that could be “bailed in” as equity in case of failure.

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    ( With inputs from : www.politico.com )

  • Biden skirts bank bailout backlash

    Biden skirts bank bailout backlash

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    “Biden has been a steady hand through this financial crisis,” Sen. Elizabeth Warren (D-Mass.), one of the party’s most scathing critics of the banking industry, said in an interview. “It reinforces the steadiness of his approach internationally.”

    It’s a surprising potential boon to Biden’s economic record. The political response indicates that he may avoid the kind of populist backlash triggered by past bank bailouts, if contagion remains contained.

    It has started to give Democrats fresh material to make the case that the government should play an assertive role in the economy. In the case of Silicon Valley Bank, high-flying venture capitalists begged the Biden administration for help.

    “Just as there are no atheists in foxholes, it appears that when there is a bank crash, there are no libertarians in Silicon Valley,” Senate Banking Chair Sherrod Brown (D-Ohio) said at a hearing Tuesday on SVB’s failure.

    A Morning Consult poll found that a majority of voters support the bank rescue plan, despite viewing it as a bailout. A CBS/YouGov survey showed that 51 percent of Americans thought the Biden administration was handling U.S. banking issues well.

    “The public seems quite supportive of the actions we’ve taken,” said one administration official granted anonymity to speak freely. “But I think the key is to make sure we’re not in that position again.”

    Over the weekend that SVB collapsed, Rep. Nikema Williams (D-Ga.) said she unexpectedly received a stream of texts from constituents worried about the situation because they worked for Black-owned startups that banked with SVB. The bank catered to tech companies and their investors.

    “The first person was actually a friend,” Williams, who sits on the House Financial Services Committee, said. “She’s like, ‘I haven’t told you about my new job move yet, but I’m over at this Black tech startup. And our money is in that bank. And is something going to happen by midnight before the banks open Monday morning?’”

    The administration’s response that Sunday “shows the decisiveness that we needed to see from our president at the time,” Williams added.

    “The administration, with bipartisan assistance, kept this banking crisis from being much worse,” Brown told POLITICO. “So, yes, I think all the way around” voters will receive it well.

    Warren, a critic of the 2008 TARP bank bailout, said Biden’s bank rescue was framed in terms of small businesses making payroll and people not getting laid off — something “that’s right in Biden’s wheelhouse.”

    Warren and other Democrats are now rallying behind Biden’s call to enact tougher penalties on executives of failed banks.

    “He’s made clear his fury over the need to backstop high-flying corporate CEOs, and he wants laws to hold them accountable,” Warren said. “That works in his favor politically as well as being the right answer economically.”

    Many Republicans on Capitol Hill have been careful about bashing Biden’s handling of the situation. Some have even been supportive of the administration’s efforts to contain the failures of SVB and Signature Bank from causing a broader financial meltdown.

    But Biden-appointed regulators are facing bipartisan scrutiny of why they failed to avert SVB’s failure, which was triggered by its mismanagement of rising interest rates. It’s a message that dovetails into wider GOP criticism that Biden policies helped fuel the inflation that necessitated the rate hikes, even as White House officials try to trace back the banking instability to looser regulation under President Donald Trump.

    “At the core of it, people understand the impact that persistently high inflation is having not only on their family and on their family budget but also causing economic instability in other areas as well,” Rep. Bryan Steil (R-Wis.) said.

    Sen. J.D. Vance (R-Ohio) said the rescue was a “terrible idea” because it put smaller banks on the hook “to pay for millionaire uninsured depositors, in some cases billionaire uninsured depositors.” Banks pay fees to cover the costs of federal deposit insurance, and smaller lenders have been lobbying against having to cover the losses from SVB.

    “I don’t think it was necessary to save the banking system,” Vance said. “And I think politically it’s going to be a real problem for these guys.”

    Sen. Mike Crapo (R-Idaho) said that based on what he’s hearing from constituents, a fair amount of people are “unhappy with the government stepping in and bailing out again.”

    “They’re not protesting yet, but there’s a pretty strong feeling,” he said.

    Biden probably won’t get a big boost in the polls from the SVB episode. Sen. Brian Schatz (D-Hawaii) said when it comes to managing the economy, “it’s more a question of downside political risk, rather than upside.” Rep. Brad Sherman (D-Calif.) said “a crisis averted is a crisis forgotten.”

    “I don’t think people are running around saying, thank goodness that Janet Yellen and the FDIC sprung into action and did what was necessary,” Schatz said. “They’re mostly just glad that things appear to be stable now.”

    And, to be sure, the economy isn’t out of the woods yet. The fear now is that banks will be more risk-averse and less willing to offer credit to businesses, upping the odds of a recession.

    “Don’t get me wrong, they did a great job,” Schatz said. “I just don’t know that this is going to be part of their reelection strategy.”

    Victoria Guida contributed reporting.

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    ( With inputs from : www.politico.com )

  • House Republicans pass marquee energy bill in rebuke of Biden

    House Republicans pass marquee energy bill in rebuke of Biden

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    “We just found that a majority of [Democrats] are so extreme that they would rather stand with China and Russia than with the American energy worker,” McCarthy told reporters after the vote. “I am not sure what’s controversial in the bill. I am not sure what’s controversial that you can speed the process up so you can make things in America.”

    Democrats Henry Cuellar and Vicente Gonzalez, who hail from oil and gas producing Texas, voted for the bill, along with Marie Gluesenkamp Perez of Washington and Jared Golden of Maine, while Republican Brian Fitzpatrick voted against it.

    Biden has vowed to veto the bill, known as the Lower Energy Costs Act. But elements of the bill, aimed at streamlining permitting rules for energy projects, could serve as the starting point for negotiations on that narrower issue with the Senate, where centrist West Virginia Democrat Joe Manchin last year pushed his own plan to ease those regulations.

    Republicans designed the bill to do two things at once.

    First, they sought to deliver a blow against Biden by repealing provisions of Democrats’ Inflation Reduction Act, such as the $27 billion Greenhouse Gas Reduction Fund to boost clean energy and a fee imposed on oil and gas methane emissions.

    Republicans contend that the president is recklessly pushing a quick transition away from coal, oil and natural gas toward green-energy sources that China dominates, which would increase dependence on Beijing and other adversaries. The energy bill seeks to address some core Republican energy priorities from the past decade, from disapproving of Biden’s block on the Keystone XL pipeline to mandating more oil and gas lease sales and making it harder for states to block the construction of interstate pipelines that cross their borders.

    But the House GOP also sought for the bill to represent an opening bid on the wonky issue of energy permitting — a rare policy area that both parties believe could lead to a bipartisan deal later on with the Senate.

    “By showing our strong support, we give some of our Senate Democratic friends an idea of okay, we have a place to work the permitting space particularly,” said Rep. Kelly Armstrong (R-N.D.), a member of the House Energy and Commerce Committee. “Even if it’s not the whole package, these are smart policies whether you are trying to hook up offshore wind or trying to get a gas pipeline from North Dakota to Illinois.”

    The GOP bill would overhaul rules for reviews conducted under the bedrock 1970 National Environmental Policy Act for energy infrastructure, ranging from pipelines to clean energy projects and mines, by setting a two-year deadline for major reviews and making it more difficult for environmentalists to sue to stop projects.

    But most Democrats and the White House dismissed the Republican bill as doubling down on fossil fuel-centric policies that would benefit global rivals by keeping the U.S. out of the race to compete in industries of the future like electric vehicle manufacturing and clean energy development.

    “None of it [the GOP energy agenda] makes sense in this moment,” said Rep. Kathy Castor (D-Fla.), a member of the Energy and Commerce Committee. “They ignore the fact it was the high fossil fuel prices that was the primary driver of inflation. What I hear from folks back home is they don’t want to be at the mercy of these gas and oil price spikes. They are looking towards the clean energy economy — greater independence and more money in their pocket.”

    In its statement of administration policy opposing the bill, the White House noted that both domestic oil and gas production are set to reach record highs this year as companies have responded to last year’s high prices to bring more supply to the market. Gasoline prices have come down from record highs since the aftermath of Russia’s invasion of Ukraine last year but they could be set to rise again this summer during peak driving season.

    Republicans, though, counter that their agenda makes more sense in the current moment since Russia’s military aggression underscored the importance of maintaining ample supplies of oil and gas even as the world transitions off fossil fuels.

    “It comes down to affordability, it comes down to cleanliness, and it comes down to security,” said Rep. Garret Graves (R-La.), who wrote many of the major permitting parts of the bill. “This administration has caused so many problems with their energy strategy, our solution fixes a lot of the problems.”

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    ( With inputs from : www.politico.com )

  • Biden to mark Good Friday peace deal in 5-day Irish trip

    Biden to mark Good Friday peace deal in 5-day Irish trip

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    DUBLIN — U.S. President Joe Biden will pay a five-day visit to both parts of Ireland next month to mark the 25th anniversary of the U.S.-brokered Good Friday peace accord, according to a provisional Irish government itinerary seen by POLITICO.

    The plans, still being finalized with the White House, have the president arriving in Northern Ireland on April 11. That’s one day after the official quarter-century mark for the Good Friday Agreement, the peace deal designed to end decades of conflict that claimed more than 3,600 lives.

    With Irish roots on both sides of his family tree, Biden has long taken an interest in brokering and maintaining peace in Northern Ireland. He has welcomed the recent U.K.-EU agreement on making post-Brexit trade rules work in the region — a breakthrough that has yet to revive local power-sharing at the heart of the 1998 accord.

    According to two Irish government officials involved in planning the Biden visit itinerary, the president will start his stay overnight at Hillsborough Castle, southwest of Belfast, the official residence for visiting British royalty, as a guest of the U.K.’s Northern Ireland Secretary Chris Heaton-Harris.

    Then he’s scheduled to visit Stormont, the parliamentary complex overlooking Belfast, at the invitation of its caretaker speaker, Alex Maskey of the Irish republican Sinn Féin party.

    That could prove controversial given that, barring a diplomatic miracle, the Northern Ireland Assembly and its cross-community government — a core achievement of the 1998 agreement — won’t be functioning due to a long-running boycott by the Democratic Unionists. That party has not yet accepted the U.K.-EU compromise deal on offer because it keeps Northern Ireland, unlike the rest of the U.K., subject to EU goods rules and able to trade more easily with the rest of Ireland than with Britain. Nonetheless, assembly members from all parties including the DUP will be invited to meet Biden there.

    The president is booked to officiate the official ribbon-cutting of the new downtown Belfast campus of Ulster University. During his stay in Northern Ireland he also is expected to pay a visit to Queen’s University Belfast, where former U.S. Secretary of State Hillary Clinton serves as chancellor.

    Next, the Irish government expects the presidential entourage to cross the border into the Republic of Ireland, potentially by motorcade, the approach last adopted by Bill Clinton during his third and final visit to Ireland as president in 2000.

    This would allow Biden to pay a visit to one side of his Irish family tree, the Finnegans, in County Louth. Louth is midway between Belfast and Dublin. Biden previously toured the area in 2016 as vice president, when he met distant relatives for the first time and visited the local graveyard.

    In Dublin, it is not yet confirmed whether Biden will deliver a speech at College Green outside the entrance of Trinity College. That’s the spot where Barack Obama delivered his own main speech during a one-day visit as president in 2011.

    A White House advance team is expected in Dublin this weekend to scout that and other potential locations for a speech and walkabout. He isn’t expected to hold any functions at the Irish parliament, which begins a two-week Easter recess Friday.

    Members of Ireland’s national police force, An Garda Síochána, have been told by commanders they cannot go on leave during the week of April 10-16 in anticipation of Biden’s arrival. The Irish expect U.S. Secretary of State Antony Blinken to accompany the president and take part in more detailed talks with Northern Ireland’s leaders.

    Irish Prime Minister Leo Varadkar plans to host the president and Blinken at Farmleigh House, a state-owned mansion previously owned by the Guinness brewing dynasty, inside Dublin’s vast Phoenix Park.

    The final two days of Biden’s visit will focus on the other side of his Irish roots, the Blewitts of County Mayo, on Ireland’s west coast, which he also visited in 2016. Distant cousins he first met on that trip have since been repeated guests of the White House, most recently on St. Patrick’s Day.

    White House officials declined to discuss specific dates or any events planned, but did confirm that Biden would travel to Ireland “right after Easter.” This suggests an April 11 arrival in line with the Irish itinerary. Easter Sunday falls this year on April 9 and, in both parts of Ireland, the Christian holiday is a two-day affair ending in Easter Monday.

    Jonathan Lemire contributed reporting.



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    ( With inputs from : www.politico.eu )

  • Biden to visit Mississippi on Friday after deadly tornado

    Biden to visit Mississippi on Friday after deadly tornado

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    President Joe Biden and first lady Jill Biden will travel to Rolling Fork, Miss., on Friday, the White House announced on Wednesday, following the deadly tornado that ripped through the Mississippi Delta last week.

    The storm left 25 dead and dozens injured after it tore through several towns in one of the poorest regions in the U.S. On Sunday, the White House issued an emergency declaration for the state, making federal funding available to the counties hit hardest by the storm.

    On Friday, Biden will meet with first responders and state and local officials in Rolling Fork, a town of 2,000 that saw homes and buildings reduced to rubble. The will demonstrate Biden’s “commitment to supporting the people of Mississippi as long as it takes,” the White House said in a statement announcing the trip.

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    ( With inputs from : www.politico.com )

  • Dem AGs clash with Biden admin over abortion pill restrictions

    Dem AGs clash with Biden admin over abortion pill restrictions

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    Should the judge rule in their favor, the case could eliminate restrictions in those states — broadening access to the drug for tens of millions of people. But the oral arguments also come as a federal judge in Texas is set to rule on whether to ban the pills entirely, and the potential for clashing federal court decisions could push the issue to the U.S. Supreme Court, which overturned Roe v. Wade in June.

    The Biden administration has repeatedly criticized GOP officials and corporate entities in recent months for moving to curb access to abortion pills — noting that they have been deemed safe and effective by the FDA for nearly 25 years and have become the most popular way of terminating a pregnancy in the U.S.

    Yet it is also in court fighting to maintain restrictions on the pills known as REMS — or Risk Evaluation & Mitigation Strategies — that the FDA places on a narrow class of drugs. Namely, Biden administration is defending requirements that patients sign a “Patient Agreement Form” acknowledging the risks of the medication and that health care providers who prescribe the drug first obtain certification and prove they can accurately date pregnancies, diagnose ectopic pregnancies, and provide or arrange for a follow-up care if needed.

    The FDA declined to comment on the case, citing the ongoing litigation.

    Oregon Attorney General Ellen Rosenblum is co-leading the lawsuit with Ferguson, and they are joined by the Democratic attorneys general representing Arizona, Colorado, Connecticut, Delaware, Illinois, Michigan, Nevada, New Mexico, Rhode Island and Vermont.

    The pill restrictions, the group claims, are burdensome for both patients and doctors and the documentation requirements put them at risk for harassment or violence.

    The Justice Department, meanwhile, is arguing that the attorneys general challenging the FDA rules waited too long to do so, didn’t follow the proper procedure and have failed to prove the remaining pill restrictions are harming patients in their states.

    “They cannot credibly claim to be irreparably harmed by FDA’s decision to retain two 22-year-old requirements,” Biden administration attorneys wrote in a brief filed earlier in March. “Their delay shows that any harm is not so significant as to justify a preliminary injunction that would upset the status quo.”

    Even as the Democratic officials and the FDA face off in Washington State on Tuesday, they’re on the same side in the Texas case, arguing that the anti-abortion groups suing the agency have no standing, haven’t proved the pills are causing harm and are infringing on the FDA’s authority to regulate the drugs. The same group of Attorneys General, plus several others, submitted amicus briefs in the Texas case backing the FDA rules around abortion medication.

    When the FDA originally approved mifepristone for market in 2000, after many years of debate, the agency said the pills could only be dispensed in person by a certified physician. The Biden administration has acted multiple times to loosen those restrictions. In 2021, soon after Biden took office, the FDA allowed the drugs to be prescribed via telemedicine and delivered by mail — at first only for the duration of the Covid-19 pandemic and then permanently. Then, this January, the FDA announced that retail pharmacies could dispense the pills to patients with a prescription and the Justice Department reaffirmed that mailing the pills is not considered a federal crime under the Comstock Act.

    Still, Ferguson and his fellow attorneys general argue the remaining restrictions on the pills are not justified given their well-documented safety record and lower rate of complications compared to many other over-the-counter medications. They also say the restrictions prevent providers in their states from serving both their own residents and the high volume of patients coming in from states with abortion restrictions.

    “The FDA has approved over 20,000 drugs without limitations. So why is mifepristone listed along with fentanyl as one of only 60 drugs that have limitations?” he said. “It doesn’t make sense from a science perspective. And that’s why we think we’re going to prevail.”

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    ( With inputs from : www.politico.com )

  • Joe Biden welcomes ‘separate’ fiscal talks with Kevin McCarthy, but not discussions tied to raising the debt ceiling, the White House press secretary said Tuesday. 

    Joe Biden welcomes ‘separate’ fiscal talks with Kevin McCarthy, but not discussions tied to raising the debt ceiling, the White House press secretary said Tuesday. 

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    McCarthy told Biden that he’s “on the clock” for their next meeting.

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    ( With inputs from : www.politico.com )

  • Biden renews push to ban assault weapons in wake of Nashville shooting

    Biden renews push to ban assault weapons in wake of Nashville shooting

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    “I came down because I heard there was chocolate chip ice cream,” Biden said. His speech quickly shifted to calling on Congress to ban assault weapons in the wake of the shooting.

    Three adults and three children were confirmed dead following a mass shooting Monday morning at The Covenant School, a private Christian school in Nashville.

    The 28-year-old female suspect, who has not been identified, was killed in an altercation with police. The woman had at least two semi-automatic rifles and a handgun, police said.

    Biden called the shooting “heartbreaking” and a “family’s worst nightmare.”

    “We have to do more to stop gun violence; it’s ripping our communities apart — ripping the soul of this nation,” Biden said. “And we have to do more to protect our schools, so they aren’t turned into prisons.”

    Biden has focused on reinstating the assault weapons ban that he helped pass in 1994 as senator, but which lapsed in 2004. The president doesn’t appear to have the votes for an assault weapons ban in Congress.

    “How many more children have to be murdered before Republicans in Congress will step up and act to pass the assault weapons ban,” White House press secretary Karine Jean-Pierre said Monday.

    At an event in Washington on Monday, first lady Jill Biden also spoke about the shooting.

    “I am truly without words. Our children deserve better. We stand, all of us, we stand with Nashville in prayer,” Jill Biden said.

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    ( With inputs from : www.politico.com )

  • Biden finds his limits on Israel

    Biden finds his limits on Israel

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    Over the weekend, Netanyahu fired his defense minister for opposing the overhaul — sparking more protests and exposing cracks in the ruling coalition. On Monday, as more coalition members reportedly threatened to quit, Netanyahu announced he was putting the overhaul on hold and would seek a compromise measure.

    Throughout the crisis, whose roots stretch back months, President Joe Biden and his aides tried to strike a balance with Israel: Keeping appeals and criticisms largely private, but going public on occasion with carefully worded statements designed to pressure Netanyahu to back off the overhaul plan. But those U.S. appeals didn’t seem to do the trick. Internal Israeli pressure has clearly been far more powerful.

    The big question now is how much influence the United States still has with Netanyahu and what level of pressure it’s willing to apply when Netanyahu or his party take future destabilizing actions.

    So the crisis is all about the judicial reform?

    No. Netanyahu returned to power late last year— after the latest in a series of seemingly endless elections — by aligning himself with extreme right-wing figures, some of whom have racist, misogynist and homophobic views.

    This has alarmed more moderate and left-leaning Israelis, whose political power is limited. Many worry that the far-right coalition now in charge of the country — some members of whom have extreme religious views — will undermine secular Israelis’ rights, not to mention those of Israeli Arabs, Palestinians and others.

    To top it off, many of his critics suspect that the main reason Netanyahu is pushing the judicial overhaul and other initiatives desired by his far-right partners is so that they will ultimately protect him from prosecution in Israeli courts, where he’s facing corruption charges.

    How are Biden and his aides reacting to all this?

    Very, very cautiously.

    For the most part, Biden administration officials have tried to keep their conversations with the Israelis private, and, even then, they tend to say things in carefully worded ways.

    The administration has — often in a coded manner — warned Netanyahu that he needs to protect Israeli democracy. The administration also has stressed its support for LGBTQ rights and Palestinian rights in ways designed to signal to Netanyahu that he should rein in his extremist allies.

    Administration officials have said they will hold Netanyahu responsible for his coalition, pointing out that he’s insisted he’s the one in charge. And top administration officials have refused to meet with far-right figures surrounding the Israeli prime minister.

    But the Biden administration also insists that its commitment to Israel’s security is ironclad. The president has long said he will not impose conditions on the billions of dollars in security aid the U.S. provides to Israel, and there’s no sign he’s changed his mind about that.

    While the administration insists that it does have some leverage over Israel — such as assisting it against attacks at the United Nations or helping it pursue deeper cooperation with some Arab states — the reality is that it has largely stuck to rhetoric as its main weapon.

    Is it working?

    Not really.

    Just days ago, Biden spoke to Netanyahu, and the White House readout of the call emphasized that Biden wanted Israel to find a compromise on the judicial reform issue because it’s critical to safeguarding Israeli democracy.

    “Democratic societies are strengthened by genuine checks and balances, and that fundamental changes should be pursued with the broadest possible base of popular support,” the readout said.

    It was an unusually frank call, the readout suggested, especially given the usual niceties involved in the relationship. But in the days after, there was no sign that Netanyahu had taken Biden’s warnings to heart.

    The Israeli leader proceeded ahead with the judicial reform plans. It wasn’t until Netanyahu’s coalition started to crack amid popular pressure that he began to rethink his stance this past weekend.

    What factors must Biden consider when dealing with Israel?

    First, there’s the pure national security aspect. Israel is a critical partner to the United States in the Middle East, especially when it comes to intelligence sharing about the various players in the region.

    This is especially important in regard to Iran, a longtime U.S. and Israeli adversary with a nuclear program.

    Second, there’s just a lot of history. The United States has always been a stalwart partner to Israel ever since it was created as a homeland for the Jewish people fleeing persecution in Europe and beyond.

    Biden has been, for decades, a champion of Israel. He genuinely loves the country and the many successes it has achieved in its short existence.

    Biden has often touted his friendship with Netanyahu, even when the latter has tested that friendship.

    Israel also is a rare democracy in the Middle East. Many U.S. officials also want to keep good ties with Israel in part to resolve the lingering Israeli-Palestinian conflict, which has left the Palestinian people in misery for decades.

    Third, there’s the question of how things could play out in America’s 2024 presidential campaign.

    For many years, there was broad bipartisan support for Israel in the United States, and any president who criticized the country risked being attacked by members of his own party. This is changing, somewhat.

    Generally speaking, Democrats are still strong supporters of Israel. But there has been growing worry in recent years among Democrats about Israel’s treatment of the Palestinians.

    Netanyahu’s wholehearted embrace of former President Donald Trump angered many Democrats. His new government’s make-up also has alarmed even some of his strongest Democratic backers, suggesting Biden could feel pressure from his party to be tougher on Israel going forward.

    Is the calculus different for the GOP?

    Pro-Israel organizations are strong and politically active, and they command significant support from evangelical Christians in particular — an important Republican base.

    In a sign of how strident the GOP support is for Israel, Senate Minority Leader Mitch McConnell recently told Axios that Washington shouldn’t weigh in on the judicial overhaul plan, calling it an Israel internal matter.

    Republicans eyeing the White House already are trying to prove their pro-Israel bona fides.

    Some, such as former Trump administration Secretary of State Mike Pompeo, won’t say if they support a future state for Palestinians, for instance. Nikki Haley, the former U.S. ambassador to the United Nations, has touted her many efforts to protect Israel at the world body.

    But there are signs that Netanyahu’s overhaul plan goes too far for even some of Israel’s biggest supporters on the American right. Former Trump administration ambassador to Israel, David Friedman, is among those who’ve reportedly voiced concerns.

    How much does the U.S. really care about the Middle East right now, given threats from Russia and China?

    It still cares a lot.

    The United States has military bases in the Middle East, and the region remains a key source of oil and gas for the world — one even more critical given the damage Russia’s war in Ukraine has done to energy markets.

    Without question, the Biden administration believes the top threat to America’s long-term global power is China. But China — as well as Russia — is trying to gain influence in the Middle East amid perceptions that the United States is backing away from the region. That means the competition with those two countries will include the arena of the Middle East.

    For the Biden administration, one key goal is to push for a more peaceful Middle East, with the idea that a more stable Middle East means the United States can focus more on the grander challenges posed by China and Russia.

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    ( With inputs from : www.politico.com )

  • Ottawa hangover: After triumph of Biden visit, reality bites back at Trudeau

    Ottawa hangover: After triumph of Biden visit, reality bites back at Trudeau

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    Katie Telford, the prime minister’s chief of staff, joined the mix of business leaders and political insiders who gathered at Ottawa’s National Arts Centre. Jenni Byrne, the fixer behind the rise of Conservative Leader Pierre Poilievre, was also in the crowd.

    Hardly inaudible was the persistent chatter about the vultures circling over the Trudeau government.

    Telford is at the center of allegations that China interfered in Canada’s last elections. Conservative MPs — and Canadians — want to know what she knew, and what she told the prime minister.

    A steady drip of scoops from the Globe and Mail newspaper and Global News broadcaster have cited intelligence reports and sources who claim the Chinese government targeted candidates in recent elections.

    After the most recent reporting alleged that Toronto Liberal MP Han Dong colluded with a Chinese diplomat, Dong left the caucus and vowed to clear his name.

    News of Dong’s resignation from the Liberal caucus broke last Wednesday evening, a day before Biden’s arrival for his first presidential visit to Canada.

    That night at a barbecue joint in Ottawa’s ByWard Market, conservative activists in town for a conference smelled blood. The news reverberated from huddle to huddle, the most anti-Liberal room in the city considering it a game-changer. Stephen Harper, the last conservative prime minister and a headliner at the conference, posed for photos with party faithful, while the talk was all about the Dong scandal.

    The opposition parties had united to demand that Telford appear at a parliamentary committee. After weeks of delay and Liberal filibusters, Telford relented last week. She’ll testify in the near future.

    At that Friday night party to celebrate the U.S.-Canada relationship, and work off the stress of the presidential visit, senior Liberals in the room acknowledged concern about the specter of foreign interference in Canadian elections. But only when asked. They considered it a night for networking, not negativity.

    This won’t be a sufficient answer starting Monday, when everyone is back to work.

    Biden glow

    Biden’s visit secured real wins for the government. A senior Liberal source close to the talks was over the moon. “Did we solve every issue? No, but real progress was made,” this person said. “Overall, the day exceeded my expectations.”

    Trudeau’s government signed a deal that allowed them to close the irregular border crossing at Roxham Road in Quebec, a key Conservative demand on border security that earned immediate condemnation from the left-wing New Democratic Party. Critics say the closure will push asylum-seekers to attempt more dangerous crossings elsewhere, but the semi-permanent Roxham facilities were a political liability for Trudeau.

    Trudeau and Biden also agreed to “continue discussions to carve-in Canadian goods into Buy America requirements” — a promise that spells relief for business leaders north of the border who constantly fear that Canada will be cut out of lucrative American contracts.

    The Canadians committed more money for Great Lakes protection and accelerated the planned procurement of new radar warning systems for continental defense.

    By all accounts, Biden flew home a happy neighbor.

    Liberals have another big moment coming this week when Finance Minister Chrystia Freeland on Tuesday puts forward her latest budget — a roadmap for economic growth, including help for struggling families in a sluggish economy.

    “The Biden visit met our expectations in that it confirmed the opportunity for us to be true partners with the U.S. is real — not just rhetoric,” said the Business Council of Canada’s Goldy Hyder, a CEO who has the ear of legislators in both capitals.

    “All eyes now turn to the budget to see if we’ll seize it,“ he said. “We have what they need, now we have to deliver the goods.“

    Picking a line of attack

    Conservatives face a choice to attack Trudeau on economics or China.

    Freeland has promised restraint, but her fiscal projections won’t impress Conservatives. The party’s leader, Poilievre, sailed through a leadership race last year on the strength of a stump speech aimed at Canadians struggling with the cost of living.

    Poilievre has complained that Liberal spending has only driven up inflation, and a carbon tax that came into effect in 2019 has hurt taxpayers. When he addressed that national conference of conservatives last week, Poilievre’s message sounded like a stump speech designed to appeal to all Canadians.

    “We’re going to bring home a Canada that works for the people who work,” he said. “We’re going to bring home lower prices by getting rid of the inflationary deficits and taxes that have caused it in the first place.”

    But in recent weeks, Poilievre has also used the daily question period in the House of Commons to pelt the government with questions about Chinese interference — sometimes more than 20 in a day, virtually every slot allotted to the Conservatives.

    On the same day Biden arrived in town, 16 Conservative MPs asked the prime minister a combined 24 times to tell the House when he first learned of the allegations facing Dong, and what he did next. Trudeau was not present in the House. It fell to Foreign Minister Mélanie Joly and Intergovernmental Affairs Minister Dominic LeBlanc to defend the government’s actions.

    “Mr. Speaker, it feels like the noose is tightening and every day brings more information to light,” said Conservative MP Dominique Vien.

    The public view on interference

    The polls aren’t looking good for Trudeau.

    A Mainstreet Research survey that polled Canadians from March 8–10 found that two-thirds of respondents have paid attention to news stories about Chinese interference. A slim majority (53 percent) believe the Chinese government interfered in the 2019 and 2021 elections.

    Nearly three-quarters (72 percent) support an independent public inquiry into the allegations. Only one-third said Trudeau’s decision to appoint a “special rapporteur“ to look into the allegations was a “satisfactory“ step.

    Another pollster, Léger, found nearly identical support for a public inquiry in a mid-March survey — including 71 percent of Liberal voters.

    A third pollster, Abacus Data, learned that 25 percent of Conservative voters viewed Chinese interference as having changed the result of the 2021 election.

    The House of Commons leaves March 31 for a two-week break. Liberals will parade their budget around the country, selling its component parts to target groups all over Canada.

    Poilievre will leave Ottawa, too. If he spends more time talking about foreign interference than the economy, it’s because he sees that as the riper target.

    Trudeau wants to be talking about anything else, and the Biden visit’s promise of strengthened cross-border supply chains is a boost for him. But as the hours since Biden left have shown, he is finding himself again on the political defensive.

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    ( With inputs from : www.politico.com )