International
Biden hammers Republican ‘chaos’ in economic speech
January 26 | By AFP |
President Joe Biden said Thursday he will veto any Republican legislation that threatens to sow “chaos” in the US economy.
“I will not let it happen. Not on my watch. I will veto everything,” he said in a speech laying out his economic vision at a Virginia pipe fitters union hall.
Biden said congressional Republicans’ push to block expansion of the nation’s borrowing limit, threatening a US debt default, would spark “chaos” and “pain” for the world’s number one economy.
He described another major Republican economic idea — replacing the income tax with a 30 percent sales tax — as “almost unbelievable” and a gimmick to allow “millionaires and billionaires” to avoid paying taxes.
The speech, which touted Biden’s promise of a US manufacturing rebirth, laid out the attack lines of the Democrat’s expected 2024 re-election bid.
The president, who at 80 is already the oldest US leader in the nation’s history, has not yet announced whether he will seek a second term.
However, a decision is expected soon and the timing of US economic resurgence from the Covid-19 pandemic shutdowns appears to be working in Biden’s favor.
Only a few months ago, Biden looked deeply vulnerable as the highest inflation in four decades ate into Americans’ savings and salaries, while economists sounded increasingly pessimistic on the prospects of avoiding a recession.
The latest data on Friday showing GDP growth of 2.1 percent in 2022, with a stronger than expected 2.9 percent surge in October to December, gave ammunition to Biden administration officials who argue that they have instead managed to steer the world’s largest economy out of danger.
Likewise, inflation has been slowly but steadily dropping from highs through six straight months.
Polls show Biden remains unpopular — with only a 42 percent average approval rating. There is lukewarm enthusiasm, even among Democrats, for him to seek a second term, which he would complete at the age of 86.
But with hard-right Republicans holding sway in the House of Representatives and Donald Trump already campaigning to try a comeback in 2024, Biden’s calculus is that he will be able to repeat his feat in 2020 when Americans opted for his centrist message.
To underline his economic credentials, Biden announced what the White House is calling an “Invest in America Cabinet” comprising the secretaries of commerce, labor, transportation, treasury, energy, health and the environment.
International
Trump to build $200M ballroom at the White House by 2028
The U.S. government under President Donald Trump announced on Thursday that it will begin construction in September on a new 8,000-square-meter ballroom at the White House.
The announcement was made by Karoline Leavitt, the administration’s press secretary, during a briefing in which she explained that the expansion responds to the need for a larger venue to host “major events.”
“Other presidents have long wished for a space capable of accommodating large gatherings within the White House complex… President Trump has committed to solving this issue,” Leavitt told reporters.
The project is estimated to cost $200 million, fully funded through donations from Trump himself and other “patriots,” according to a government statement. Construction is scheduled to begin in September and is expected to be completed before Trump’s term ends in 2028.
The Clark Construction Group, a Virginia-based company known for projects such as the Capital One Arena and L’Enfant Plaza in Washington, D.C., has been selected to lead the project.
The new ballroom will be built on the East Wing of the White House, expanding the iconic residence with a space designed for state dinners, official ceremonies, and large-scale events.
International
Three salvadorans in Florida sentenced in $146 million construction tax fraud scheme
Three Salvadoran residents living in Orlando, Florida, were sentenced for conspiracy to commit tax fraud and wire fraud involving a scheme exceeding $146 million in the construction industry, according to the U.S. Attorney’s Office for the Middle District of Florida. The sentence was handed down by federal judge Timothy J. Corrigan on Tuesday, July 29.
Eduardo Aníbal Escobar (45) was sentenced to 4 years and 9 months in prison, Carlos Alberto Rodríguez (36) to 3 years and 4 months, and Adelmy Tejada (57) to 18 months in prison, followed by 6 months of house arrest. All three pled guilty on April 3, 2025.
In addition to the prison terms, the court ordered restitution payments totaling $36,957,616 to the IRS for unpaid payroll taxes, and $397,895 to two insurers for workers’ compensation claims related to the scheme.
Escobar and Rodríguez are permanent legal residents originally from El Salvador, while Tejada is a naturalized U.S. citizen of Salvadoran origin.
International
Kremlin hails preparedness after Kamchatka quakes leave no casualties
The Kremlin expressed relief that the earthquakes that struck Russia’s Kamchatka Peninsula today —the first being the strongest since 1952— resulted in no casualties, and emphasized that the region is well prepared to face such natural disasters.
“Thank God, there were no victims,” said Kremlin spokesman Dmitry Peskov during his daily press briefing.
The presidential representative stated that “all alert systems were activated in time, and evacuations were organized for residents in areas requiring it in response to tsunami threats.”
“Overall, the seismic resilience of the buildings proved effective (…) Therefore, we can say that the technological preparedness demonstrated a high level,” Peskov added.
Honduras sees ongoing killings of land defenders and attacks on press, warns NGO
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Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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