president joe biden (6do encyclopedia)



Joseph Robinette Biden Jr. is an American politician and attorney who served as the Vice President of the United States under President Barack Obama from 2009 to 2017. In 2021, he became the 46th President of the United States, winning the presidential election against the incumbent Donald Trump. Biden’s presidency has been marked by a focus on recovering from the COVID-19 pandemic and its economic fallout, addressing climate change, strengthening the United States’ global ties, and advancing social justice and equality.

Early Life and Career

Joe Biden was born on November 20, 1942, in Scranton, Pennsylvania, to Catherine and Joseph Biden Sr. He grew up in a working-class family and attended the University of Delaware, where he studied history and political science. After graduating in 1965, he attended Syracuse University Law School and became a lawyer in 1969.

Biden’s political career began in 1972 when, at the age of 29, he was elected to the United States Senate representing Delaware. This made him one of the youngest senators in history and he was re-elected six times. Biden was known for his work on foreign policy and served as the Chairman of the Senate Foreign Relations Committee from 2001 to 2003.

Vice Presidency

In 2008, Joe Biden was selected by Barack Obama to be his running mate in the United States presidential election. The Obama-Biden ticket won the election and Biden was inaugurated as the Vice President on January 20, 2009. During his time as Vice President, Biden played a key role in shaping U.S. foreign policy and was heavily involved in the administration’s efforts to recover from the 2008 financial crisis.

Biden also worked on domestic policy issues such as healthcare and LGBT rights. He is credited with helping to advance the cause of marriage equality by publicly expressing his support for same-sex marriage on NBC’s Meet the Press in May 2012. Biden remained Vice President for two terms, leaving office on January 20, 2017.

Presidency

Joe Biden ran for the presidency in the 2020 United States presidential election as the Democratic candidate. He campaigned on a platform of reversing some of the policies of the Trump administration, including a more aggressive approach to combating climate change, addressing income inequality, and expanding healthcare coverage.

Despite a highly contentious campaign, Biden won the election, becoming the oldest person to ever be elected president at the age of 78. He was inaugurated on January 20, 2021, and immediately began working to address the COVID-19 pandemic and to undo some of the policies of the previous administration.

COVID-19 Pandemic

As one of his first actions as President, Joe Biden implemented a national strategy to tackle the COVID-19 pandemic which had ravaged the United States for almost a year at the time of his inauguration. His administration created a plan focused on widespread testing and vaccinations to reduce the spread of the virus.

Biden signed several executive orders aimed at addressing the COVID-19 pandemic, including mandating the wearing of masks on federal property, increasing the production of personal protective equipment, and providing additional funding for public health efforts. He also announced a $1.9 trillion stimulus package that included funding for vaccinations, direct payments to individuals, and aid for small businesses.

Climate Change

Joe Biden has made tackling climate change a top priority of his administration. He rejoined the Paris Agreement on climate change, which the United States had withdrawn from during the Trump administration. Biden convened a virtual summit of world leaders in April 2021 to discuss ways to address climate change.

The Biden administration has also proposed several major policies aimed at reducing greenhouse gas emissions, including a plan to transition to 100% clean energy economy-wide and to create millions of new jobs in the process. He has also proposed a sweeping infrastructure plan that includes significant investments in green energy and combating climate change.

Foreign Policy

Joe Biden has used his international experience to strengthen the United States’ global ties and reestablish its leadership role on the world stage. He has sought to restore strong alliances with traditional U.S. allies and to reassert American leadership on global issues such as human rights, democracy, and the rule of law.

Biden has taken a tough stance on Russia, imposing sanctions on the country in response to its interference in U.S. elections, cyberattacks, and human rights violations. He has also emphasized the importance of expanding U.S. engagement in the Asia-Pacific region, including through increased cooperation with India and other regional partners.

Conclusion

Joe Biden has had a long and successful political career, serving as Vice President before winning the presidency in 2020. His presidency has been marked by a focus on recovering from the COVID-19 pandemic, combating climate change, strengthening America’s global ties, and advancing social justice and equality. While the country faces many challenges, Biden’s experience and leadership abilities give hope for a brighter future.


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Asian shares braced for China data, Fed speakers

Reuters

23-05-15 01:11


Asian stock markets were unsteady ahead of China's policy rate decision, with investors also closely watching US Federal Reserve officials. After the US consumer sentiment dipped to a six-month low in May and long-term inflation expectations rose to their highest level since 2011, US Treasury yields and the US dollar increased. This reversal in emerging markets created anxieties for investors. A runoff presidential election in Turkey also heightened anxieties and made the lira less valuable against the dollar.

https://www.reuters.com/markets/global-markets-wrapup-1-pix-2023-05-15/
Biden to meet Kishida on Thursday in Hiroshima: White House

Nikkei Asia

23-05-15 00:41


US President Joe Biden will meet with Japanese Prime Minister Fumio Kishida in Hiroshima on Thursday ahead of the upcoming Group of Seven (G7) summit. Discussions will likely include the countries' response to China's growing presence in the Indo-Pacific region and Russia's conflict in Ukraine, as well as celebrating the strength of the US-Japan security alliance. Biden's visit to Hiroshima will make him the second sitting US president to visit the city after it was destroyed by an atomic bomb in the Second World War.

https://asia.nikkei.com/Spotlight/G-7-in-Japan/Biden-to-meet-Kishida-on-Thursday-in-Hiroshima-White-House
Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit

The Globe and Mail

23-05-14 23:00


Further talks on the US debt ceiling will take place this week as President Joe Biden attempts to reach an agreement with Republicans. The meeting was cancelled on Friday to allow time for inter-party discussions, with another date yet to be finalised. Biden has voiced confidence that a deal can be reached, while there has been some suggestion of progress.Breaching the limit would lead to a financial catastrophe, with the national debt standing at $31.4tn. Earlier this month it was suggested that the US was likely to default on its debt in the coming months, after the treasury reportedly exhausted its alternate funds to pay off debts.

https://www.theglobeandmail.com/world/us-politics/article-biden-congressional-leaders-likely-to-meet-tuesday-for-talks-on/
Biden expects to meet lawmakers Tuesday for debt talks, says he is optimistic

Reuters

23-05-14 22:05


US President Joe Biden has said he could meet with congressional leaders as early as Tuesday to discuss plans to raise the debt limit and avoid a potentially catastrophic default. Biden has recently received updates as to how negotiations between administration officials and congressional counterparts have been going. Although Friday's scheduled meeting was postponed, Biden says he is optimistic that both sides can reach an agreement. Biden has previously expressed a congenital idealism and says he still intends to leave the US on Wednesday to attend a meeting of G7 leaders in Japan.

https://www.reuters.com/world/us/biden-expects-meet-lawmakers-tuesday-debt-talks-2023-05-14/
Ron DeSantis duels the shadow of Donald Trump in Iowa swing

The Independent

23-05-14 20:35


Florida Governor Ron DeSantis visited Des Moines while former President Donald Trump was expected to hold a rally. Trump later cancelled his visit due to "weather issues" in the Midwest. DeSantis's visit included smaller appearances, including an address to voters from a table in a restaurant. In the wake of his visit, Trump, who may run for president again in 2024, criticised DeSantis' "poll numbers," asking if he was "young, inexperienced, and naive or, more troubling, a fool who has no idea what he is doing".

https://www.independent.co.uk/news/world/americas/us-politics/ron-desantis-donald-trump-iowa-b2338724.html
Dollar on back foot as U.S. default risk weighs

Reuters

23-05-16 01:49


Investors are concerned about the US dollar's potential default risk amidst a standoff between Democrats and Republicans. The dollar index, which measures the currency against a basket of six major peers, remained unchanged at 102.39 after sliding 0.26%, falling from its five-month high. The US borrowing limit has been brought to the forefront of investor worries, with a potential deadline of 1 June. The dollar had been boosted by safe-haven demand during a sluggish COVID-19 recovery in China and US consumer inflation expectations, which suggested a Federal Reserve rate hike in June.

https://www.reuters.com/markets/currencies/dollar-back-foot-us-default-risk-weighs-2023-05-16/
G7 host Japan seeks unity on threat from China

Financial Times

23-05-16 01:23


Japanese Prime Minister Fumio Kishida’s key aim during the annual G7 summit this weekend is to establish a united G7 response to China's military ambitions and "economic coercion," as the country continues to seek closer ties with NATO and imposes sanctions against Moscow as a result of the ongoing war in Ukraine. China’s interventionism has driven Japan to adopt a very cautious approach, revamping its military organisation and increasing security cooperation with nations in Southeast Asia and Europe. However, it is anticipated that the G7 will not agree on any specific new economic tools of security, and crucially, China will not be named in the statement. This widespread caucus approach aims to support countries being bullied by China rather than being completely focused on an offensive strategy. The EU, as well as other G7 members, remain very reluctant to adopt a more antagonistic stance, preferring to improve relations with emerging economies, particularly from Asia, Africa and South America.

https://www.ft.com/content/0998ac9a-58eb-44e2-b362-42cf5a0d468b
U.S. agrees to renew strategic pact with Micronesia, says envoy

Nikkei Asia

23-05-15 23:44


The United States is to renew its key strategic ties with Micronesia in Washington's latest effort to boost the support of Pacific island states and counter China’s growing influence in the area. Renewing the Compact of Free Association (COFA) agreements, which grant Washington responsibility for islanders’ defence and access to strategic areas of the Pacific, has become an important part of US foreign policy. US presidential envoy, Joseph Yun, has said that the agreement would likely be signed on 22 May. The US has already signed similar agreements with Palau and the Marshall Islands. COFA provisions will expire in 2023 and 2024.

https://asia.nikkei.com/Politics/International-relations/Indo-Pacific/U.S.-agrees-to-renew-strategic-pact-with-Micronesia-says-envoy
Biden, McCarthy debt ceiling meeting planned for Tuesday afternoon

Reuters

23-05-15 23:09


U.S. President Joe Biden is set to meet with top lawmakers, including Republican House of Representatives Speaker Kevin McCarthy, to discuss a debt limit on Tuesday afternoon, following a postponement from last Friday. Aides from both sides have been discussing ways to limit federal spending as they negotiate on raising the government's $31.4tn debt ceiling to avoid a default.

https://www.reuters.com/world/us/biden-mccarthy-debt-ceiling-meeting-planned-tuesday-afternoon-2023-05-15/
US Senate confirms Biden nominee as DC Circuit's 1st Latino judge

Reuters

23-05-15 23:07


Bradley Garcia has become the first Latino to serve on the US Court of Appeals for the DC Circuit, following his confirmation by the Senate. Garcia, a former lawyer at O'Melveny & Myers and current member of the US Justice Department, was nominated by President Joe Biden and approved by a vote of 53-40. Senators Lindsey Graham of South Carolina, Susan Collins of Maine and Lisa Murkowski of Alaska, who are Republicans, voted in his favor. The DC Circuit court is considered the second most important federal court in the US, after the US Supreme Court.

https://www.reuters.com/legal/government/us-senate-confirms-biden-nominee-dc-circuits-1st-latino-judge-2023-05-15/
Morning Bid: Europe has a data fest, and growth worries

Reuters

23-05-16 05:07


Tuesday sees a busy day for European markets with preliminary growth data for the eurozone, Italian inflation, jobless numbers for the UK and the German ZEW survey on economic sentiment due to be released. Analysts expect tepid eurozone GDP numbers, while the German economy will be in the spotlight, as the situation was seen as relatively negative last month. With a June rate rise by the European Central Bank looking likely, UK labour market data will also be examined to get insight into headline pay growth. Meanwhile, the US faces its usual drawn-out debt ceiling debate.

https://www.reuters.com/markets/europe/global-markets-view-europe-2023-05-16/
Pennsylvania House control up for grabs yet again in special elections

The Independent

23-05-16 05:01


Pennsylvania Democrats aim to retain their narrow majority in the state’s House of Representatives in two special elections to be held on Tuesday, one of which is expected to go Republican. The landmark issue of abortion rights in Pennsylvania is at stake, as one House vote from legislative Republicans would see it put before voters as a referendum. A win for Democrat Heather Boyd would boost the state’s governor Josh Shapiro’s chances of at least achieving some of his agenda and the stakes are high ahead of the 2024 presidential election. The current House breakdown is 101 Democrats and 100 Republicans.

https://www.independent.co.uk/news/world/americas/us-politics/ap-republicans-democrats-harrisburg-ford-b2339543.html
Record buyback spree attracts shareholder complaints

Financial Times

23-05-16 04:23


Executives who award themselves large bonuses after their companies engage in share buybacks that have limited benefit to shareholders are facing criticism from prominent investors, according to research by asset manager Janus Henderson. Last year the biggest 1,200 public companies in the world returned a record $1.3tn to shareholders, triple the level of 10 years ago and almost as much as they paid out in dividends. US President Joe Biden recently introduced a 1% Wall St buyback tax and has now proposed quadrupling it.

https://www.ft.com/content/eaa1a31c-580c-405b-b438-a59504198ac8
US executives call for immigration reform to staff manufacturing boom

Financial Times

23-05-16 04:20


Executives from clean energy and semiconductor firms have urged the Biden administration to loosen immigration rules in the US to enable a rapid influx of foreign labour. More than 80 new projects were announced in the US last year, and Congress also passed hundreds of billions of dollars of subsidies to re-shore manufacturing jobs lost to Asia. However, companies have encountered labour shortages, leading them to call for reform to allow more workers back into the US. Analysts have warned of a shortage of highly skilled tradepersons and technicians by the end of the decade in the US.

https://www.ft.com/content/36998a70-1fea-4607-b79e-ca4140e6583b
The demographic makeup of the country’s voters continues to shift. That creates headwinds for Republicans

CNN

23-05-16 04:12


The Republican Party’s electoral coalition is facing continued demographic change, as white voters without a four-year degree declined in 2022 as a share of both actual and eligible voters, according to Census data analysed by Michael McDonald, a University of Florida political scientist who specialises in electoral turnout. The long-term trend has seen a sustained fall in the share of votes cast by these working-class white voters, once a core of the Democratic coalition, but now the foundation of Republican votes. However, non-white adults and whites with at least a four-year college degree have steadily increased their influence. This trend is likely to accelerate over the next 10 years, says McDonald, and it is being felt most acutely in key states such as Michigan, Pennsylvania, and Wisconsin. McDonald’s analysis of the 2022 results shows that the combined share of non-whites and whites with a college degree is virtually certain to increase, whilst the non-college white share of the total vote is highly likely to decline again in 2024. The political impact of this decline is analogous to turning up the resistance on a treadmill: as their best group shrinks, Republicans must run a little faster just to stay in place. Minorities struggled to maintain voter turnout in 2022, and although blue-collar white voter turnout was relatively strong, the non-college white share of the total vote still slightly declined. This has to be a cause for concern for Republicans; if more of the growing pool of eligible minority voters now turn out in 2024, it is not unreasonable to expect that the non-college white voters so critical to GOP fortunes could experience an even steeper decline in their share of the vote.

https://edition.cnn.com/2023/05/16/politics/demographic-changes-voters-fault-lines/index.html
European stocks stumble as rate concerns return

Financial Times

23-05-16 09:20


European stocks fell at the start of trading on 18 May after the European Commission raised its EU-wide consumer price inflation forecast to 6.7% for this year, higher than previous estimates of 6.4%, adding to fears that interest rates will remain high. The eurozone economy is also expected to have stagnated at 1.3% year on year in first quarter 2023, according to Reuters. A host of investor caution will be exacerbated by the release of US retail sales data for April, as emerging markets continue to struggle amid a paradigm shift in global markets.

https://www.ft.com/content/e0702827-c666-454e-95d4-56ba01001166
Saudi bourse gains, Dubai extends losses ahead of U.S. debt-limit talks

Reuters

23-05-16 09:03


Saudi Arabia's benchmark index rose by 0.6%, while Dubai's main share index fell by 0.4% due to concerns about lower oil prices and the US government's debt-ceiling negotiations. The rise in China's oil refinery throughput in April helped to shore up oil prices, but mostly weaker-than-expected data from the country clouded the demand outlook. Traders are also considering the impact of US plans to refill its Strategic Petroleum Reserve.

https://www.reuters.com/world/middle-east/saudi-bourse-gains-dubai-extends-losses-ahead-us-debt-limit-talks-2023-05-16/
Premarket: World shares edge up in nervy trade ahead of debt limit talks

The Globe and Mail

23-05-16 08:51


Global shares increased slightly on Tuesday and the US dollar retreated from five-week highs as Congress prepared for another round of talks on the debt ceiling. While the weaker dollar supported crude oil and equities, investors remained cautious as they are aware of the deadline when the government will start to run short of money to pay bills. Some are choosing to dump US treasuries that mature around the "X date." However, overall, global markets are not showing huge evidence of stress due to the uncertainty.

https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-premarket-world-shares-edge-up-in-nervy-trade-ahead-of-debt-limit/
Hong Kong leader says China’s sentencing of US citizen exposes national security threats

The Toronto Star

23-05-16 08:35


Hong Kong's Chief Executive, John Lee, has used the life imprisonment sentencing of a US citizen in eastern China on spying charges to further justify the semi-autonomous region's need for vigilance against national security risks hidden in society. Lee was appointed to his position after being unanimously voted in by Beijing following draconian new security legislation. His comments follow the arrest of John Shing-Wan Leung whose trial and charge details are unavailable, although it is notable that he had links to pro-Communist Party organisations. The implications of the sentencing are likely to further exacerbate already strained tensions between Beijing and Washington, especially as the US has refrained from commenting on the case, and as President Biden travels to Japan for the G7 summit and to Papua New Guinea, a nation prioritised by the Beijing government for its increased military and economic expansion in the Pacific region.

https://www.thestar.com/news/world/asia/2023/05/16/hong-kong-leader-says-chinas-sentencing-of-us-citizen-exposes-national-security-threats.html