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Biden, Trump rally as campaigning reach final stage

In Tuesday’s elections, all 435 seats in the House of Representatives and 35 of the 100 seats in the Senate will be contested…reports Asian Lite News

President Joe Biden and his predecessor Donald Trump have held duelling rallies to fire up voters as campaigning for Tuesday’s midterm elections is slated to end on Monday.

On Sunday, while Biden spoke at a rally in New York to support Governor Kathy Hochul, Trump made his last-minute plea to voters in Miami.

Addressing voters at the Sarah Lawrence College, the President called the upcoming election “an inflection point” that will determine the next 20 years, adding that the people were choosing between two “fundamentally different visions of America”.

In his address that lasted for over an hour, Trump slammed the Democrats for leading the country towards “communism”.

“Democrats want to turn America into communist Cuba or socialist Venezuela… To every Hispanic American in Florida and across the land, we welcome you with open open open arms to our (Republican) party,” the BBC quoted the former President as saying.

He again hinted on his possible run for the White House, telling the crowd to “stay tuned” for his rally on Monday in Ohio.

Also on Monday, Biden will appear at a rally in Maryland, a state normally considered a Democratic stronghold, while First lady Jill Biden will be in Virginia to support incumbent Congresswoman Jennifer Wexton.

In Tuesday’s elections, all 435 seats in the House of Representatives and 35 of the 100 seats in the Senate will be contested.

Thirty-nine state and territorial gubernatorial elections, as well as numerous other state and local elections, are also up for grabs.

The results will determine the 118th US Congress.

In the Senate, the Democrats and Republicans split 50:50 with Vice President Kamala Harris holding the edge for the Democrats with her tie breaking vote.

In the House, Democrats have a wafer-thin majority of 220 seats and Republicans 212, with three seats vacant.

Recent polls have suggested that Democrats are however, likely to lose their majority in the House of Representatives, while control of the Senate will probably rely on the results of extremely tight races in Pennsylvania, Georgia and Nevada, reports the BBC.

Over 40 million ballots have already been cast during the early-voting period so far.

In the first national election since the violent Jan. 6 insurrection, the final days of the campaign focused on fundamental questions about the nation’s political values.

Campaigning in New York for Gov. Kathy Hochul on Sunday, Biden said Republicans were willing to condone last year’s mob attack at the Capitol and that, after the recent assault of Paul Pelosi, husband of House Speaker Nancy Pelosi, some in that party made “light of it” or were “making excuses.”

“There’s never been a time in my career where we’ve glorified violence based on a political preference,” the president said.

Meanwhile, a Sunday evening Trump rally in Miami, a reference to Nancy Pelosi prompted changes of “Lock her up!” — a stark reminder of the nation’s deep divide.

Trump was campaigning for Florida Sen. Marco Rubio’s reelection, but also focused on his own political future. After telling a crowd in Iowa last week that he’s “very, very, very probably” going to run for president again, he again teased the possibility on Sunday and encouraged supporters to watch his Ohio rally.

“I will probably have to do it again, but stay tuned,” Trump said, teasing the Monday event. “We have a big, big rally. Stay tuned for tomorrow night.”

Not attending the Miami event was Florida’s Republican governor, Ron DeSantis, who is running for reelection against Democrat Charlie Crist and is widely considered Trump’s most formidable challenger if he also were to get into the White House race.

DeSantis held his own, separate events Sunday in other parts of the state where he stuck to the centerpieces of his reelection campaign, including railing against COVID-19 vaccine mandates. The governor’s counter political programing avoided antagonizing Trump — meaning it didn’t deliver the dueling 2024 events that could be in his and Trump’s near future.

Trump said Sunday that Florida would “reelect Ron DeSantis as your governor.” But he was more confrontational during a Pennsylvania rally on Saturday, referring to Florida’s governor as “Ron DeSanctimonious.”

It’s a rivalry that’s been simmering for more than a year as DeSantis has taken increasingly bold steps to boost his national profile and build a deep fundraising network — even as Trump remains unquestionably the party’s most popular leader.

For national Democrats, meanwhile, the focus is on their narrow control of the House and Senate, which could evaporate after Tuesday.

Voters may rebuke the party controlling the White House and Congress amid surging inflation, concerns about crime and pessimism about the direction of the country. History suggests the party in power will suffer significant losses in the midterms.

ALSO READ-Biden implores voters to save democracy from lies, violence

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Biden implores voters to save democracy from lies, violence

The president singled out “ultra MAGA” Republicans — a reference to Trump’s “Make America Great Again” slogan — calling them a minority but “driving force” of the Republican Party…reports Asian Lite News

Warning that democracy itself is in peril, President Joe Biden called on Americans Wednesday night to use their ballots in next week’s midterm elections to stand up against lies, violence and dangerous “ultra MAGA” election disruptors who are trying to “succeed where they failed” in subverting the 2020 elections.

This is no time to stand aside, he declared. “Silence is complicity.”

After weeks of reassuring talk about America’s economy and inflation, Biden turned to a darker, more urgent message, declaring in the final days of midterm election voting that the nation’s system of governance is under threat from former President Donald Trump’s election-denying lies and the violence Biden said they inspire.

The president singled out “ultra MAGA” Republicans — a reference to Trump’s “Make America Great Again” slogan — calling them a minority but “driving force” of the Republican Party.

Pointing in particular to last Friday’s attack on House Speaker Nancy Pelosi’s husband, Biden said that Trump’s false claims about a stolen election have “fueled the dangerous rise of political violence and voter intimidation over the past two years.”

U.S. President Donald Trump walks on the South Lawn before departing from the White House in Washington D.C., the United States, on Oct. 22, 2018.(Xinhua/Ting Shen/IANS)

“There’s an alarming rise in the number of people in this country condoning political violence or simply remaining silent,” Biden added. “In our bones we know democracy is at risk, but we also know this: It’s in our power to preserve our democracy.”

The president’s speech — focused squarely on the rite of voting and the counting of that vote — amounted to a plea for Americans to step back from the inflamed rhetoric that has heightened fears of political violence and challenges to the integrity of the elections. Biden was straddling two roles, speaking as both a president defending the pillars of democracy and a Democrat trying to boost his party’s prospects against Republicans.

He called out the hundreds of candidates who have denied the 2020 election result and now refuse to commit to accepting the results of the upcoming midterms.

“This driving force is trying to succeed where they failed in 2020 to suppress the rights of voters and subvert the electoral system itself,” Biden said.

“That is the path to chaos in America. It’s unprecedented. It’s unlawful. And it is un-American.”

The speech came days after a man seeking to kidnap House Speaker Pelosi severely injured her husband, Paul Pelosi, in their San Francisco home in the worst recent example of the political violence that burst forth with the Jan. 6, 2021 insurrection at the Capitol and has continued with alarming, though less-spectacular incidents.

Election workers nationwide have questioned whether to go back to work following increased intimidation and harassment ahead of Election Day. At least five people have been charged with federal crimes for harassing workers as early voting has gotten underway.

Reports of people watching ballot boxes in Arizona, sometimes armed or wearing ballistic vests, have raised serious concerns about voter intimidation. Election officials nationwide are bracing for confrontations at polling sites. A flood of conspiracy theorists have signed up to work as partisan poll watchers.

Emphasizing that it is the first federal election since the Capitol riot and Trump’s attempts to overturn the 2020 presidential election, Biden called on voters to reject candidates who have denied the results of the vote, which even Trump’s own administration declared to be free of any widespread fraud or interference.

Biden asked voters to “think long and hard about the moment we are in.”

“In a typical year, we are not often faced with the question of whether the vote we cast will preserve democracy or put it at risk,” he said. “But we are this year.”

“I hope you’ll make the future of our democracy an important part of your decision to vote and how you vote,” Biden added, asking Americans to consider whether the candidates they are supporting would respect the will of the people and accept the outcome of their election.

“The answer to that question is vital and in my opinion it should be decisive,” he said.

Biden also aimed to get ahead of conspiracy theories about the ongoing vote, saying Americans were voting early, by mail and by absentee ballot and it would take time to tally them “in a legal and orderly manner.” Major changes in voting in 2020 because of the pandemic prompted more early voting and mail-in voting and saw record turnout. It took five days before the results of the 2020 presidential election were final.

“It is important for citizens to be patient,” Biden said.

Some Republicans sharply criticized Biden’s remarks. House Minority Leader Kevin McCarthy, who stands to be speaker of the House if the GOP retakes control of the chamber, tweeted, “President Biden is trying to divide and deflect at a time when America needs to unite—because he can’t talk about his policies that have driven up the cost of living. The American people aren’t buying it.”

Biden delivered his remarks from Washington’s Union Station, blocks from the U.S. Capitol, just six days before polls close on Nov. 8 and as more than 27 million Americans have already cast their ballots.

Before the speech, U.S. Capitol Police Chief Tom Manger said he’s reviewed the attack on Pelosi’s husband and believes today’s political climate calls for more resources and better security for members of Congress after a massive increase in threats to lawmakers following the Capitol riot. He also made a rare call to stop the rancorous conspiracy talk that has swirled around the attack.

“Our brave men and women are working around the clock to meet this urgent mission during this divisive time,” he said in a statement. “In the meantime, a significant change that will have an immediate impact will be for people across our country to lower the temperature on political rhetoric before it’s too late.”

Biden last delivered a prime-time speech on what he called the “continued battle for the soul of the nation” on Sept. 1 outside Independence Hall in Philadelphia, in which he condemned the “MAGA forces” of Trump and his adherents as a threat to America’s system of government.

The new remarks come as hundreds of candidates who have falsely denied the legitimacy of the 2020 presidential election are on ballots across the country, with many poised to be elected to critical roles overseeing elections.

In contrast to the September remarks, which drew criticism from some corners for being paid for by taxpayers, Biden’s Wednesday night speech was hosted by the Democratic National Committee.

Many Americans remain pessimistic about the state of U.S. democracy. An October poll by The Associated Press-NORC Center for Public Affairs Research found that just 9% of adults think democracy is working “extremely” or “very well,” while 52% say it’s not working well.

ALSO READ: MBZ, Biden discuss energy security

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MBZ, Biden discuss energy security

Both leaders also shared their common interests in stabilizing the global energy market and in increasing their investments in renewable energy and pledged to deepen their close cooperation…reports Asian Lite News

President Sheikh Mohamed bin Zayed Al Nahyan, met virtually with US President Joe Biden. The two leaders reaffirmed the depth of the U.S.-UAE strategic relationship and addressed global challenges including energy security.

In the meeting, the two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition, advance shared climate goals and strengthen global energy security.

Launched in Abu Dhabi yesterday by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology & Special Envoy for Climate Change and Amos Hochstein, the Special Presidential Coordinator, the UAE-US Partnership for Accelerating Clean Energy (PACE) will mobilise $100 billion in funding and investment to deploy 100 new gigawatts of clean energy in the US, UAE, and emerging economies around the world by 2035.

In welcoming the PACE initiative, President Sheikh Mohamed and President Biden reaffirmed their shared commitment to enhancing climate ambition and climate action, in line with their net zero 2050 goals.

Looking ahead to COP27 in Egypt later this month and to COP28 in the UAE next year, both countries recognized PACE as a significant catalyst to reach net zero by accelerating investment in clean energy projects, technologies, and resources.

They noted the importance of a rapid and well-managed energy transition and its potential to create expanded economic opportunities and drive more sustainable growth.

Both leaders also shared their common interests in stabilizing the global energy market and in increasing their investments in renewable energy and pledged to deepen their close cooperation.

President Sheikh Mohamed outlined the UAE’s significant ongoing investments to lower carbon impact on the energy sectors of both conventional and renewable energy.

President Sheikh Mohamed expressed the UAE’s long-standing concern about the impacts of global warming, particularly on countries like the UAE with long coast lines and severe climates.

He noted the UAE’s leading role in the energy transition, expanding its own renewable energy capacity 200-fold over the last ten years which included building three of the largest and lowest-cost solar projects in the world.

He briefed President Biden on the UAE’s funding and assistance for clean energy projects on six continents, including in 31 small island developing states in the Caribbean and the Pacific Ocean as well as a growing number of projects across the US.

ALSO READ: Biden pledges strong US-Brazil ties in call with Lula

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Biden pledges strong US-Brazil ties in call with Lula

During the call with Lula, President Biden commended the strength of Brazilian democratic institutions following free, fair, and credible elections…reports Asian Lite News

US President Joe Biden has congratulated Luiz Inacio Lula da Silva, who was elected president of Brazil, and reaffirmed Washington’s strong ties with the South American country, the White House said.

Lula was elected for an unprecedented third term after defeating incumbent Jair Bolsonaro by a narrow margin – 50.9 percent to 49.1 percent.

During the call, President Biden commended the strength of Brazilian democratic institutions following free, fair, and credible elections.

The two leaders discussed the strong relationship between the United States and Brazil, and committed to continue working as partners to address common challenges, including combatting climate change, safeguarding food security, promoting inclusion and democracy, and managing regional migration, the White House said in a statement.

Figures released by the Superior Electoral Tribunal (TSE) showed that Lula of the Workers’ Party (PT) obtained more than 60 million votes, or 50.89 per cent of the ballots, cast on Sunday, surpassing Bolsonaro of the Liberal Party, who received over 58 million votes, or 49.11 per cent, reports Xinhua news agency.

Luiz Inacio Lula da Silva (C, front) attends a celebration event in Sao Paulo, Brazil, on Oct. 30, 2022. (Photo by Rahel Patrasso/Xinhua)

This is the smallest margin in a second-round presidential election in Brazil’s history.

In the first round held on October 2, Lula garnered 48.3 per cent of the vote, compared to 43.2 per cent for Bolsonaro.

Lula, 77, served as the President for two terms between 2003 and 2010.

This is a comeback for the former President who could not run in the 2018 election because he was in jail and banned from standing for office.

He had been found guilty of receiving a bribe from a Brazilian construction firm in return for contracts with Brazil’s state oil company Petrobras.

Lula spent 580 days in jail before his conviction was annulled and he returned to the political fray.

In this year’s presidential elections, his strength lay particularly in voters from the impoverished northeast of Brazil.

He focused his campaign on social issues, making pledges including minimum wage increases, strengthening of state-owned companies, and efforts against hunger and poverty.

“The first measures of our government will be to free 33 million people from hunger and more than 100 million Brazilians from poverty,” Lula had said in an open letter last week.

Proposing an economic policy featuring both state actions and private initiatives, he said, “it is possible to combine fiscal responsibility, social responsibility, and sustainable development, and that is what we are going to do, following the trends of the world’s main economies”.

“We will initiate the digital transition … with an industrial policy that supports innovation, stimulates public-private cooperation, strengthens science and technology, and guarantees access to financing at adequate costs.”

Lula also pledged to expand trade and technological cooperation between Brazil and other countries, help enhance regional integration, and promote “fairer and more democratic relations between countries”.

Meanwhile in his victory speech on Sunday, Lula said he would govern for all Brazilians and not just those who voted for him.

“This country needs peace and unity. This population doesn’t want to fight anymore,” he was quoted as saying.

Bolsonaro however, is yet to concede.

ALSO READ: Trump loses ground, Biden closes gap ahead of Nov midterms

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Gujarat India News

World leaders offer condolences to Morbi bridge collapse

Prime Minister Narendra Modi took to Twitter soon after, and informed that he had spoken with Gujarat chief minister Bhupendra Patel, and has called for “urgent mobilisation” of teams…reports Asian Lite News

The cable suspension bridge collapse in Gujarat’s Morbi district that has so far taken the lives of more than 130 people, even as rescue operations continue in search of more trapped individuals, have drawn the attention of prominent world leaders, including Russian President Vladimir Putin and Nepal’s Prime Minister Sher Bahadur Deuba.

In an official statement, Putin conveyed his condolences over the tragic incident to his Indian counterpart Droupadi Murmu and Prime Minister Narendra Modi.

“Dear Ms President, dear Mr Prime Minister, please accept my heartfelt condolences over the tragic bridge collapse in the state of Gujarat,” the message by the Russian president read.

Putin also conveyed his words of sympathy and support to the families and friends of the victims, and “wished all those injured a speedy recovery”, Russian state-owned news agency TASS reported on Monday.

Besides Putin, Nepal’s Prime Minister Deuba took to Twitter to express his grief over the loss of “precious lives”, saying he is “deeply saddened” by the tragic incident of bridge collapse in Morbi.

“We extend heartfelt condolences to the Government and people of India on the loss of precious lives. Our thoughts & prayers are with the bereaved families,” his post on the micro-blogging site read.

British high commissioner to India, Alex Ellis, also took to the social media site to condole the loss of lives. “Terrible, shocking news from #Gujarat,” he wrote along with a BBC report on the collapse incident.

Singapore’s high commissioner to India, Simon Wong, also joined Ellis. “Deeply saddened by the loss of many lives due to the collapse of the cable bridge in Morbi, Gujarat. Our thoughts and deepest condolences to the family and friends of the deceased and the injured. Our hearts are with the people of Gujarat,” he tweeted.

The collapse occurred on Sunday evening when 400-500 people were walking on the bridge over Machchuu river, which was thrice its capacity. In split seconds, the bridge came crashing down, plunging more than 200 people – mainly women, children and elderly – into the water body. Local fisherman present at the site jumped to the rescue but faced challenges due to fading daylight.

Prime Minister Narendra Modi took to Twitter soon after, and informed that he had spoken with Gujarat chief minister Bhupendra Patel, and has called for “urgent mobilisation” of teams. Initially the death toll was confirmed at 40, but after an overnight relief work, more bodies were fished out of the bed of Machchuu river, taking the death toll to over 130.

Multiple teams of the NDRF, SDRF, Indian Army, IAF, Navy, Coast Guard, local administration and fire department continue with their search and rescue operation. Earlier in the day, NDRF commandant VVN Prasanna Kumar told news agency ANI that their divers are facing visibility issues underwater due to the river water being muddy. He suspected more bodies could be trapped under the floor of the collapsed bridge.

The British-era bridge opened for public on October 26 on Gujarati New Year after undergoing renovation for six months. Morbi chief security officer Sandeep Singh Jhala said that Oreva – the company that looked after the bridge’s operation and maintenance – was probably not issued a fitness certificate to reopen it. Gujarat home minister Harsh Sanghavi said a five-member committee has been formed to look into the lapses behind the renovation. A criminal case has also been registered in the matter.

Prime Minister to visit Morbi

Prime Minister Narendra Modi will on Tuesday visit Morbi in Gujarat where 134 people were killed after a suspension bridge collapsed into the Machchhu river.

Modi, who is on a visit to Gujarat ahead of the state Assembly polls due this year-end, on Monday paid tributes to those who died in Sunday’s bridge collapse.

The Gujarat Chief Minister’s Office announced that Modi would visit Morbi on Tuesday afternoon.

The PM will also visit Jambughoda in Gujarat’s Panchmahal district to launch various developmental projects, government officials said, adding that he will also address people at the venue.

ALSO READ-The Collapse of Hurriyat in Kashmir

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Biden marks 4 years since Pittsburgh synagogue shooting

The President also claimed that his administration worked with Congress to secure the largest-ever increase in funding for the security of synagogues and other religious institutions….reports Asian Lite News

President Joe Biden marked the four-year anniversary of the attack at Pittsburgh’s Tree of Life synagogue, saying “we grieve this deadliest act of antisemitism in American history”.

In the morning of October 27, 2018, a gunman stormed the synagogue and gunned down 11 people and injured six others, including four police officers who responded to the scene.

In a statement released by the White House on Thursday, Biden said that “we stand with the (Jewish) community in resolving to combat antisemitism and hate in all of its forms”.

“As we witness an ugly increase in antisemitism in America, I established the first Ambassador-level Special Envoy to Monitor and Combat Antisemitism and appointed the renowned Holocaust expert Deborah Lipstadt to the role.”

The President also claimed that his administration worked with Congress to secure the largest-ever increase in funding for the security of synagogues and other religious institutions.

He also stressed on his determination to “tackle the scourge of gun violence that has stolen lives from Pittsburgh to Poway, from Newtown to Charleston, from Buffalo to Uvalde, and from countless other communities in between”.

“I am committed to building on that progress by banning assault weapons and high-capacity magazines… We’ve done it before, and we can do it again,” Biden was quoted as saying.

Antisemitic incidents in the US have been on the rise for years, with 941 incidents in 2015 and 2,717 tracked in 2021 by the Anti-Defamation League, reports CNN.

ALSO READ: Biden, Herzog discuss Iranian drones in Ukraine

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Vote could hobble Biden foreign policy

If the Republicans win either chamber of Congress in the November 8 elections, President Joe Biden’s foreign policy team would face a grueling two years…reports Asian Lite News

Kevin McCarthy, who could soon be second in line to the White House, startled US allies when he warned that his Republican Party would no longer write a “blank check” to Ukraine.

If the Republicans win either chamber of Congress in the November 8 elections, President Joe Biden’s foreign policy team would face a grueling two years, although any sharp shift in US support for Ukraine looks unlikely.

Republican lawmakers have already made clear they would make full use of their congressional oversight role to scrutinize the Biden administration on topics from immigration to last year’s chaotic withdrawal from Afghanistan.

But Ukraine could test the united front among Republicans, just as they start gearing up for 2024 presidential elections.

Donald Trump broke with the US mainstream by voicing admiration for Russian leader Vladimir Putin, with the former US president’s first impeachment triggered by his hold-up of military aid for Ukraine.

Some Trump-inspired Republicans have attacked US assistance to Ukraine, which includes $40 billion approved in May on bipartisan lines and a Biden request for another $11.2 billion.

Pic credits Instagram

One of the loudest voices has been far-right Representative Marjorie Taylor Greene, who has accused Biden of sending “hard-earned US tax dollars” to help another country “fight a war they cannot possibly win.”

But Mitch McConnell, the top Senate Republican, has vowed to go beyond Biden and “expedite” weapons including those with a longer range, and Mike Pence, who was Trump’s vice president, recently took direct aim at critics of arming Ukraine.

“There can be no room in the conservative movement for apologists for Putin. There is only room in this movement for champions of freedom,” Pence said.

Colin Dueck, a senior fellow at the American Enterprise Institute who has written on conservatives’ foreign policy, saw the comments by McCarthy, the top House Republican, as an effort to accommodate a minority view on Ukraine.

A new survey by the Chicago Council on Global Affairs found widespread US support for Ukraine, with two-thirds of Republicans agreeing on the need to send weapons.

“There’s this perception that the average kind of heartland Republican is against this and that is not true,” Dueck said.

“I’m not sure it would be safe to predict that a House Republican majority is going to turn against Ukraine,” he said.

For Republicans, “anything that’s perceived by voters as a personal attack on Trump is taken as a kind of third rail, but on policy issues people feel free to disagree.”

Biden’s Democratic Party has seen near unanimity for arming Ukraine but some 30 left-wing members on Monday also urged direct diplomacy with Russia to end the war, including on security arrangements acceptable to both sides.

One international issue where Republicans have fiercely criticized Biden has been his effort to restore the Iran nuclear deal, but prospects were already slim even before major protests broke out in September against the nation’s clerical leaders.

On China, the two parties have largely been on the same page — in outlook if not tone — on seeing the rising Asian power as the primary long-range challenger of the United States.

When tensions soared with China in August over Taiwan, it was because House Speaker Nancy Pelosi — a Democrat — paid a defiant visit to support the self-governing democracy.

Individual lawmakers could make life much more difficult for the Biden administration.

When Barack Obama was president, Republicans relentlessly questioned his secretary of state Hillary Clinton over the 2012 attack on the US diplomatic facilities in Benghazi, Libya, that killed four Americans, including the ambassador.

One of the fiercest pursuers of Clinton was Mike Pompeo, then a little-known congressman who was tapped by Trump as CIA director and then secretary of state.

Brian Katulis, vice president of policy at the Middle East Institute and co-editor of “The Liberal Patriot” journal, said the Republicans could use hearings to lead the charge on issues dear to their base, such as speculation over the laptop of Biden’s son Hunter.

On Benghazi, the Obama team “actually engaged in the drip, drip, drip and sat through all the hearings.”

“If they fight it, it does present an opportunity cost for advancing a proactive agenda,” he said of the Biden administration.

But Katulis said it was difficult to predict which direction the Republicans would take their foreign policy, saying its members have been “all over the map.”

“On a number of issues including national security, the GOP could change its party symbol from the elephant to the chameleon.”

ALSO READ: Biden says Sunak election ‘groundbreaking milestone’

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Biden to release 15M barrels from oil reserve

The administration could make a decision on future releases a month from now, as it requires a month and a half for the government to notify would-be buyers…reports Asian Lite News

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections.

Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday on the condition of anonymity to outline Biden’s plans. It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months.

That has sent the strategic reserve to its lowest level since 1984 in what the administration called a “bridge” until domestic production could be increased. The reserve now contains roughly 400 million barrels of oil.

Biden will also open the door to additional releases this winter in an effort to keep prices down. But administration officials would not detail how much the president would be willing to tap, nor how much they want domestic and production to increase by in order to end the drawdown.

Biden will also say that the US government will restock the strategic reserve when oil prices are at or lower than $67 to $72 a barrel, an offer that administration officials argue will increase domestic production by guaranteeing a baseline level of demand. Yet the president is also expected to renew his criticism of the profits reaped by oil companies — repeating a bet made this summer that public condemnation would matter more to these companies than shareholders’ focus on returns.

It marks the continuation of an about-face by Biden, who has tried to move the U.S. past fossil fuels to identify additional sources of energy to satisfy U.S. and global supply as a result of disruptions from Russia’s invasion of Ukraine and production cuts announced by the Saudi Arabia-led oil cartel.

The prospective loss of 2 million barrels a day — 2% of global supply — has had the White House saying Saudi Arabia sided with Russian President Vladimir Putin and pledging there will be consequences for supply cuts that could prop up energy prices. The 15 million-barrel release would not cover even one full day’s use of oil in the U.S., according to the Energy Information Administration.

The administration could make a decision on future releases a month from now, as it requires a month and a half for the government to notify would-be buyers.

Biden still faces political headwinds because of gas prices. AAA reports that gas is averaging $3.87 a gallon. That’s down slightly over the past week, but it’s up from a month ago. The recent increase at prices stalled the momentum that the president and his fellow Democrats had been seeing in the polls ahead of the November elections.

An analysis Monday by ClearView Energy Partners, an independent energy research firm based in Washington, suggested that two states that could decide control of the evenly split Senate — Nevada and Pennsylvania — are sensitive to energy prices. The analysis noted that gas prices over the past month rose above the national average in 18 states, which are home to 29 potentially “at risk” House seats.

Even if voters want cheaper gasoline, expected gains in supply are not materializing because of a weaker global economy. The U.S. government last week revised downward its forecasts, saying that domestic firms would produce 270,000 fewer barrels a day in 2023 than was forecast in September. Global production would be 600,000 barrels a day lower than forecast in September.

The hard math for Biden is that oil production has yet to return to its pre-pandemic level of roughly 13 million barrels a day. It’s about a million barrels a day shy of that level. The oil industry would like the administration to open up more federal lands for drilling, approve pipeline construction and reverse its recent changes to raise corporate taxes. The administration counters that the oil industry is sitting on thousands of unused federal leases and says new permits would take years to produce oil with no impact on current gas prices. Environmental groups, meanwhile, have asked Biden to keep a campaign promise to block new drilling on federal lands.

Biden has resisted the policies favored by U.S. oil producers. Instead, he’s sought to reduce prices by releasing oil from the U.S. reserve, shaming oil companies for their profits and calling on greater production from countries in OPEC+ that have different geopolitical interests, said Frank Macchiarola, senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute.

“If they continue to offer the same old so-called solutions, they’ll continue to get the same old results,” Macchiarola said.

Because fossil fuels lead to carbon emissions, Biden has sought to move away from them entirely with a commitment to zero emissions by 2050. When discussing that commitment nearly a year ago after the G-20 leading rich and developing nations met in Rome, the president said he still wanted to also lower gas prices because at “$3.35 a gallon, it has profound impact on working-class families just to get back and forth to work.”

Since Biden spoke of the pain of gas at $3.35 a gallon and his hopes to reduce costs, the price has on balance risen another 15.5%.

ALSO READ: Biden calls Truss’ economic plan a mistake

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Biden calls Truss’ economic plan a mistake

“I wasn’t the only one that thought it was a mistake,” Biden said on Saturday. “I disagree with the policy, but that’s up to Great Britain.”…reports Asian Lite News

US President Joe Biden has called embattled British PM Liz Truss’ abandoned tax cut plan a ‘mistake.’ He further added that other nations’ fiscal policies may hurt the US amid “worldwide inflation.”

Biden said it was “predictable” that the new prime minister on Friday was forced to walk back plans to aggressively cut taxes without identifying cost savings, after Truss’ proposal caused turmoil in global financial markets. It marked an unusual criticism by a US president of the domestic policy decisions of one of its closest allies.

“I wasn’t the only one that thought it was a mistake,” Biden said on Saturday. “I disagree with the policy, but that’s up to Great Britain.”

Earlier, Britain’s new finance minister Jeremy Hunt said, “There were some mistakes made in the last few weeks. That’s why I’m sitting here. It was a mistake to cut the top rate of tax at a period when we’re asking everyone to make sacrifices.”

“It was also a mistake,” Hunt said, to “fly blind” and produce the tax plans without allowing the independent fiscal watchdog, the Office for Budget Responsibility, to check the figures.

Biden’s comments came after weeks of White House officials declining to criticise Truss’ plans, though they emphasised they were monitoring the economic fallout closely. He was speaking to reporters at an Oregon ice cream shop where he made an unannounced stop to promote the candidacy of Democratic gubernatorial candidate Tina Kotek, as Democrats across the country face a tough political environment amid GOP criticism of their handling of the economy.

Biden said he was not concerned about the strength of the dollar — it set a new record against the British Pound in recent weeks — which benefits US imports but makes the country’s exports more expensive to the rest of the world.

The president said the US economy “is strong as hell.”

“I’m concerned about the rest of the world,” he added. “The problem is the lack of economic growth and sound policy in other countries.”

“It’s worldwide inflation, that’s consequential,” he said.

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Biden to ‘reevaluate’ ties with Saudi

Organisation of the Petroleum Exporting Countries’ (OPEC) decision to cut oil production has now made the White House rethink its relationship with Saudi Arabia, reports Asian Lite News

After cut in oil production quotas by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, the White House said that US President Joe Biden will now work with Congress to ‘re-evaluate’ relationship with Saudi Arabia.

In an interview with CNN, US National Security Council coordinator for strategic communications John Kirby said Biden is “willing to work with Congress as we think about what the right relationship with Saudi Arabia needs to be going forward.”

“I think the President’s been very clear that this is a relationship that we need to continue to reevaluate, that we need to be willing to revisit. And certainly, in light of the OPEC decision, I think that’s where he is, and he’s willing to work with Congress to think through what that relationship ought to look like going forward,” he said.

Biden during his visit to Saudi Arabia in July had expressed optimism that Saudi Arabia would take steps to boost the global oil supply in the coming weeks, which had been viewed as a major goal of the trip given high domestic gas prices globally due to the ongoing conflict between Russia and Ukraine.

However, OPEC’s decision has now made the White House rethink its relationship with Saudi Arabia. OPEC’s decision can be viewed in another light as well — mid-term elections in US. Oil production cuts come on the heels of midterm elections and inflation will be the one thing on top of voters’ minds.

US President Joe Biden meets with Saudi Crown Prince Mohammed bin Salman. (Photo: SPA)

Earlier this year, Biden announced a major release of barrels from the Strategic Petroleum Reserve in an effort to alleviate pump prices. On Tuesday, the White House said it was not considering additional releases beyond the 180 million previously announced.

After OPEC+ announcement last Wednesday, a top Democrat Senator Dick Durbin of Illinois, said that Saudi Arabia “clearly” wants Russia to win the war in Ukraine and added, “Let’s be very candid about this: it is Putin and Saudi Arabia against the United States.”

“I think it’s time for us to imagine a foreign policy where we do not count on Saudi Arabia,” Durbin said terming the decision “as clear a declaration by the Saudis that they are on the other side of history as we can ask for.”

Members of OPEC+ said that they would cut November production quotas by two million barrels per day, citing the “uncertainty that surrounds the global economic and oil market outlooks”.

“We (OPEC+) are here to stay as a moderating force, to bring about stability,” Saudi Arabian energy minister Abdulaziz bin Salman Al Saud had said during a news conference.

An OPEC+ memo outlining cuts shows that Saudi Arabia and Russia will make the biggest individual reductions of 19 countries doing so, lowering output by 526,000 monthly barrels apiece.

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.”

The White House warned that OPEC’s move would “have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices”.

The White House also said that President Biden has directed the Department of Energy to release another 10 million oil barrels from the country’s Strategic Petroleum Reserve next month, signaling the administration’s effort to keep gas prices low with a month until the crucial midterms.

The 45th meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and non-OPEC ministerial meeting were held on October 5 in Vienna, Austria. (ANI)

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