International

U.S. Congress reveals a budget that cuts aid to UNRWA and strengthens the border

A group of legislators from the US Congress revealed on Thursday a budget agreement valued at $1.2 trillion that cuts aid to the UN Agency for Palestinian Refugees (UNRWA) and strengthens the border with Mexico with more agents and funds for surveillance.

The budget package amounts to that amount because it aims to finance for the rest of the fiscal year, until September 30, such important departments as Defense, to which 886 billion dollars would be allocated, 3% more than last year.

Legislators are now entering a race against the clock to give the green light to the project before midnight on Friday, when the deadline for approving a new budget expires.

If it does not reach enough votes, the Administration must cease its activities, when it runs out of funds, something that in the United States is known as the “government closure.”

The legislative text reached after intense negotiations between leaders of the Republican party and the Democrat of both Houses and includes concessions to conservatives, such as the increase in the budget for “border security” and the withdrawal of United States funds from UNRWA until March 2025.

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At the end of January, Washington “temporarily” paused funding to the UN agency, after Israel denounced that some of UNRWA employees were allegedly linked to the Hamas attack on Israel on October 7.

The United States is the main donor of this UN agency, which provides assistance to the inhabitants of the Palestinian territories, including Gaza and the withdrawal of funding from the agency was described as “inhuman” by the Secretary General of Amnesty International, Agnes Callamard.

The agency opened an investigation to investigate these complaints and after a preliminary report was known, where it was concluded that the agency respects the “neutrality” principle, while Canada and Sweden decided to restore their financial support, which they had removed following the U.S. decision.

One of the points to reach the budget agreement was the financing of the Department of Homeland Security, because migration has become an important issue.

The project includes an increase in the capacity of detention centers for migrants, up to 42,000 beds, as well as money to hire more workers of the Border Patrol, increasing the staff by about 7,000 agents.

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In turn, he proposes to reduce federal aid to non-profit organizations that help migrants by 20%, an idea that came from Republican legislators, who accuse these groups of “incenting” migration.

The text also indicates granting 12,000 special visas for Afghan citizens who have collaborated with the U.S. Government during the war in this country.

On the other hand, the agreement increases the salary of the military by 5.2% and allocates 300 million dollars in military aid to Ukraine, through the Pentagon’s Security Assistance program.

To be approved, the project needs the support of two-thirds of the Lower House. Members of the ultra wing of the Republican party, called Caucus de la Libertad, have said that they disagree.

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International

US panel backs Trump-themed coin amid controversy

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

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

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

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

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

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

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

International

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

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

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

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

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

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

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International

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

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

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

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

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

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