Amid the ongoing chip shortage worldwide, The U.S. Senate has approved a $52 billion chips bill. The chip shortage has disrupted production.

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Wealthy Americans may have to shell out more soon as the World's largest economy unveiled a minimum income tax for billionaires. It is a part of President Joe Biden's budget proposal for the current year.

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U.S. President Biden's budget blueprint for 2023: Higher taxes on the rich, lower deficits

&nbsp;President Joe Biden’s high-stakes speech in Warsaw, Poland, on Saturday was crafted with the intent of throwing the full weight of the United States behind its European allies, while framing the Russian invasion of Ukraine as part of a global “battle between democracy and autocracy.”

And although the forceful denunciation of Russian President Vladimir Putin’s war resonated with some leaders, it was an unprompted ad-lib that captured the attention of foreign policy experts, members of Congress and NATO allies.

“For God’s sake, this man cannot remain in power,” Biden declared, a comment that two White House officials said was not included in his prepared speech.

Even as top administration officials spent Sunday walking back Biden’s remarks, the statement had already sent ripple effects throughout the world, highlighting just how powerful nine unprompted words from Biden can be, particularly during a foreign policy crisis.

“I wouldn’t use this kind of words,” French President Emmanuel Macron said in a television interview Sunday, when asked to comment on Biden’s speech. He said he hoped to obtain a cease-fire and the withdrawal of Russian troops from Ukraine through diplomacy.

Until Biden’s unscripted moment, the speech had largely achieved its intended goals, lawmakers, allies and foreign policy experts said. But immediately afterwards&nbsp;Biden’s aides worried that his surprising remark might roil some of those allies the president was determined to keep unified.

Taken literally, the remark meant the United States would be reversing a policy of not pushing for regime change. Biden’s staff felt as if it had little choice but to play down the off-the-cuff comment.

“We do not have a strategy of regime change in Russia or anywhere else, for that matter,” Secretary of State Antony Blinken said in Jerusalem after meeting with Israeli Foreign Minister Yair Lapid. “In this case, as in any case, it’s up to the people of the country in question.”

Michal Baranowski, a senior fellow and director of the Warsaw office of the German Marshall Fund who attended Biden’s speech, acknowledged that Biden’s comment could be perceived as “a call for regime change.” But he said it was unlikely to lead to further escalation with Russia.

But Republican members of Congress worried the Kremlin would seize on the remark.

Sen. Rob Portman, R-Ohio, described Biden’s speech as “very strong, despite the ad-lib at the end.”

President Joe Biden’s high-stakes speech in Warsaw, Poland, on Saturday was crafted with the intent of throwing the full weight of the United States behind its European allies, while framing the Russian invasion of Ukraine as part of a global “battle between democracy and autocracy.

President Joe Biden’s high-stakes speech in Warsaw, Poland, on Saturday was crafted with the intent of throwing the full weight of the United States behind its European allies, while framing the Russian invasion of Ukraine as part of a global “battle between democracy and autocracy.” And although the forceful denunciation of Russian President Vladimir Putin’s war resonated with some leaders, it was an unprompted ad-lib that captured the attention of foreign policy experts, members of Congress and NATO allies. “For God’s sake, this man cannot remain in power,” Biden declared, a comment that two White House officials said was not included in his prepared speech. Even as top administration officials spent Sunday walking back Biden’s remarks, the statement had already sent ripple effects throughout the world, highlighting just how powerful nine unprompted words from Biden can be, particularly during a foreign policy crisis. “I wouldn’t use this kind of words,” French President Emmanuel Macron said in a television interview Sunday, when asked to comment on Biden’s speech. He said he hoped to obtain a cease-fire and the withdrawal of Russian troops from Ukraine through diplomacy. Until Biden’s unscripted moment, the speech had largely achieved its intended goals, lawmakers, allies and foreign policy experts said. But immediately afterwards Biden’s aides worried that his surprising remark might roil some of those allies the president was determined to keep unified. Taken literally, the remark meant the United States would be reversing a policy of not pushing for regime change. Biden’s staff felt as if it had little choice but to play down the off-the-cuff comment. “We do not have a strategy of regime change in Russia or anywhere else, for that matter,” Secretary of State Antony Blinken said in Jerusalem after meeting with Israeli Foreign Minister Yair Lapid. “In this case, as in any case, it’s up to the people of the country in question.” Michal Baranowski, a senior fellow and director of the Warsaw office of the German Marshall Fund who attended Biden’s speech, acknowledged that Biden’s comment could be perceived as “a call for regime change.” But he said it was unlikely to lead to further escalation with Russia. But Republican members of Congress worried the Kremlin would seize on the remark. Sen. Rob Portman, R-Ohio, described Biden’s speech as “very strong, despite the ad-lib at the end.”

After Biden’s fiery speech, nine unscripted words reverberate

On the second day of Poland's trip, Joe Biden has delivered a remark and said Putin is a 'butcher'. After this unscripted remark, question is arising that 'Will Biden's remarks affect peace talks'?

Ukraine under attack: Will Biden's remarks affect peace talks?

US president Joe Biden's apparent call for Vladimir Putin's exit has prompted his administration to rush for cause correction. While in Europe last week Biden had said that the Russian president cannot remain in power, the US president has now clarified that it does not have a policy of regime change in Russia.

Biden admin's course-correction over 'regime change in Russia' remark

French President Emmanuel Macron appealed for calm and restraint in both, words and action, in handling Ukraine conflict. His comments have come just a day after US President Joe Biden called Russian President Vladimir Putin a 'butcher'. Biden also said that Putin should not remain in power.

"I wouldn't use this type of wording because I continue to hold discussions with President Putin," Macron said on France 3 TV channel.

Biden was in Warsaw, Poland on Saturday when the strong words were uttered by him. Biden's words that Putin "cannot remain in power" prompted a quick clarification from the American camp.

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A White House official later said Biden's remarks did not represent a shift in Washington's policy and were meant to prepare the world's democracies for an extended conflict, not back regime change in Russia.

"We want to stop the war that Russia has launched in Ukraine without escalation -- that's the objective," Macron said on France 3 TV, noting the objective was to obtain a cease fire and the withdrawal of troops through diplomatic means.

"If this is what we want to do, we should not escalate things -- neither with words nor actions," he said.

Also Read: <a href="https://www.wionews.com/world/if-i-was-the-us-president-id-threaten-to-drop-a-nuclear-bomb-on-russia-trump-465947">If I was the US President, I’d threaten to drop a nuclear bomb on Russia: Trump</a>

The French president on Friday had said he was seeking to hold more talks with President Putin in the coming days regarding the situation in Ukraine as well as an initiative to help people leave the besieged city of Mariupol.

President Putin sent his troops into Ukraine on what he calls a "special military operation" to demilitarise and "denazify" Ukraine. Ukraine and the West say Putin launched an unprovoked war of aggression.

Also Read: <a href="https://www.wionews.com/world/leading-energy-analyst-says-russian-gas-sales-to-china-will-not-make-up-for-loss-of-european-markets-465956">Leading energy analyst says Russian gas sales to China 'will not make up for loss of European markets'</a>

Far-right French presidential candidate Marine Le Pen said she backed Macron's approach.

"Obviously, those are words that add oil to the fire," she said, when asked about Biden's comment.

"The fact that the president of the Republic is not entering into this escalation is a good thing," she said, speaking on France 3 in a pre-recorded interview that was broadcast on Sunday.

(With inputs from agencies)

French President Emmanuel Macron appealed for calm and restraint in both, words and action, in handling Ukraine conflict. His comments have come just a day after US President Joe Biden called Russian President Vladimir Putin a 'butcher'.

French President Emmanuel Macron appealed for calm and restraint in both, words and action, in handling Ukraine conflict. His comments have come just a day after US President Joe Biden called Russian President Vladimir Putin a 'butcher'. Biden also said that Putin should not remain in power. "I wouldn't use this type of wording because I continue to hold discussions with President Putin," Macron said on France 3 TV channel. Biden was in Warsaw, Poland on Saturday when the strong words were uttered by him. Biden's words that Putin "cannot remain in power" prompted a quick clarification from the American camp. × A White House official later said Biden's remarks did not represent a shift in Washington's policy and were meant to prepare the world's democracies for an extended conflict, not back regime change in Russia. "We want to stop the war that Russia has launched in Ukraine without escalation -- that's the objective," Macron said on France 3 TV, noting the objective was to obtain a cease fire and the withdrawal of troops through diplomatic means. "If this is what we want to do, we should not escalate things -- neither with words nor actions," he said. Also Read: If I was the US President, I’d threaten to drop a nuclear bomb on Russia: Trump The French president on Friday had said he was seeking to hold more talks with President Putin in the coming days regarding the situation in Ukraine as well as an initiative to help people leave the besieged city of Mariupol. President Putin sent his troops into Ukraine on what he calls a "special military operation" to demilitarise and "denazify" Ukraine. Ukraine and the West say Putin launched an unprovoked war of aggression. Also Read: Leading energy analyst says Russian gas sales to China 'will not make up for loss of European markets' Far-right French presidential candidate Marine Le Pen said she backed Macron's approach. "Obviously, those are words that add oil to the fire," she said, when asked about Biden's comment. "The fact that the president of the Republic is not entering into this escalation is a good thing," she said, speaking on France 3 in a pre-recorded interview that was broadcast on Sunday. (With inputs from agencies)

Wary of escalation, France calls for restraint after Biden's 'butcher' jibe

During a speech in Europe on Saturday, US President Joe Biden pleaded with the Russian people to resist Vladimir Putin's ongoing Russian invasion of Ukraine, saying that the Russian people "are not our enemy."&nbsp;

"I've always spoken directly and honestly to you, the Russian people. Let me say this if you're able to listen: You, the Russian people, are not our enemy," Biden said in Warsaw, Poland.

He added: "I refuse to believe that you welcome the killing of innocent children and grandparents or that you accept hospitals, schools, maternity wards – for God's sake – being pummeled with Russian missiles and bombs."

Several missiles blasted the western Ukrainian city of Lviv, approximately 45 miles from Poland, during Biden's visit to Warsaw. 
 
Also Read |&nbsp;<a href="https://www.wionews.com/world/biden-to-meet-ukrainian-ministers-in-first-face-to-face-meeting-since-russias-invasion-465684">Biden meets Ukrainian ministers in first face-to-face meeting since Russia's invasion</a>

Thousands of people have died and thousands more have been displaced as a result of Putin's invasion of Ukraine.

Russian forces have also been accused of war crimes in Ukraine, where they have targeted schools and hospitals.&nbsp; 
 
Watch | Joe Biden delivers remarks from Warsaw, says Putin is strangling democracy &amp; World order

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Biden also urged on Russians who were alive under the Soviet Union and learned about it from their families to speak up about Putin's actions in Ukraine, saying they are "not the deeds of a great nation."&nbsp; 
 
Also Read |&nbsp;<a href="https://www.wionews.com/world/mine-like-object-found-floating-off-black-sea-465722">'Mine-like object' found floating off Black Sea</a>

(With inputs from agencies)

During a speech in Europe on Saturday, US President Joe Biden pleaded with the Russian people to resist Vladimir Putin's ongoing Russian invasion of Ukraine, saying that the Russian people "are not our enemy.

During a speech in Europe on Saturday, US President Joe Biden pleaded with the Russian people to resist Vladimir Putin's ongoing Russian invasion of Ukraine, saying that the Russian people "are not our enemy." "I've always spoken directly and honestly to you, the Russian people. Let me say this if you're able to listen: You, the Russian people, are not our enemy," Biden said in Warsaw, Poland. He added: "I refuse to believe that you welcome the killing of innocent children and grandparents or that you accept hospitals, schools, maternity wards – for God's sake – being pummeled with Russian missiles and bombs." Several missiles blasted the western Ukrainian city of Lviv, approximately 45 miles from Poland, during Biden's visit to Warsaw. Also Read | Biden meets Ukrainian ministers in first face-to-face meeting since Russia's invasion Thousands of people have died and thousands more have been displaced as a result of Putin's invasion of Ukraine. Russian forces have also been accused of war crimes in Ukraine, where they have targeted schools and hospitals. Watch | Joe Biden delivers remarks from Warsaw, says Putin is strangling democracy & World order Biden also urged on Russians who were alive under the Soviet Union and learned about it from their families to speak up about Putin's actions in Ukraine, saying they are "not the deeds of a great nation." Also Read | 'Mine-like object' found floating off Black Sea (With inputs from agencies)

Russian people, are not our enemy, US President Joe Biden says

The Biden administration is planning to give an option of second booster shot to the people of age 50 or older, but the question is how effective will the 2nd booster shot be?

US plans to offer second booster shots to those 50 yrs and older

Amid the ongoing Russian invasion of Ukraine, India has maintained a neutral stance over the conflict. Now, US President Joe Biden says India's reponse is 'Shaky'.

US President Biden praises QUAD, NATO but singles out India for 'Shaky' response to Russian invasion

A school in the US has apologised after a video surfaced in which a teacher was teaching 5-year-olds to raise anti-Biden slogans, reported Associated Press. The video was obtained by ABC News' Rob McMillan and posted on Facebook.

In this video, the teacher asks the students, "Who's our President?". The students say,"Biden!"

The teacher then proceeds to ask "What do we want to do with him?", to which the students respond "We want him OUT!"

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The incident reportedly took place at Turning Point Christian School in Norco, California. The video was first posted on the school's messaging app and was later taken down. But it ultimately found its way on the social media platforms like Twitter and Facebook.

The school has since apologised, and school officials said that the school was “sorry for any misunderstanding”

“Earlier today a video was posted that has since been deleted as it did not share our school and church philosophy of honoring and respecting authority including those in government positions,” the school statement said, as reported by The Associated Press.

The video has drawn anger online which some social media users even calling this "indoctrination".

"Teachers no matter which way they vote should NEVER push their political views onto any of their students. EVER," says a Facebook user.

"This type of activity has no place in a classroom. Given that this is a private school they are within their rights to have their own activities and it behooves parents to carefully check what goes on in their child's classroom. I speak as a retired elementary teacher," says another user

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It is yet unclear whether any sort of action has been initiated against the teacher who was encouraging students to raise the slogans.

A school in the US has apologised after a video surfaced in which a teacher was teaching 5-year-olds to raise anti-Biden slogans, reported Associated Press. The video was obtained by ABC News' Rob McMillan and posted on Facebook.

A school in the US has apologised after a video surfaced in which a teacher was teaching 5-year-olds to raise anti-Biden slogans, reported Associated Press. The video was obtained by ABC News' Rob McMillan and posted on Facebook. In this video, the teacher asks the students, "Who's our President?". The students say,"Biden!" The teacher then proceeds to ask "What do we want to do with him?", to which the students respond "We want him OUT!" × The incident reportedly took place at Turning Point Christian School in Norco, California. The video was first posted on the school's messaging app and was later taken down. But it ultimately found its way on the social media platforms like Twitter and Facebook. The school has since apologised, and school officials said that the school was “sorry for any misunderstanding” “Earlier today a video was posted that has since been deleted as it did not share our school and church philosophy of honoring and respecting authority including those in government positions,” the school statement said, as reported by The Associated Press. The video has drawn anger online which some social media users even calling this "indoctrination". "Teachers no matter which way they vote should NEVER push their political views onto any of their students. EVER," says a Facebook user. "This type of activity has no place in a classroom. Given that this is a private school they are within their rights to have their own activities and it behooves parents to carefully check what goes on in their child's classroom. I speak as a retired elementary teacher," says another user It is yet unclear whether any sort of action has been initiated against the teacher who was encouraging students to raise the slogans.

School apologises after teacher tells 5-year-olds to raise anti-Biden slogans: Report

Amid the ongoing Russian invasion of Ukraine, US President Joe Biden has warned Chinese President Xi Jinping of a global backlash if it aids Russia. However, China says that it is not arming Russia.

Biden warns Xi of a global backlash if it aids Russia amid the ongoing Russian invasion of Ukraine

Taiwan issue needs to be handled properly to avert a negative impact on relations between US and China, President Xi Jinping has told counterpart Joe Biden on Friday as per Chinese media reports. &nbsp;

Taiwan is the most sensitive and vital issue in bilateral relations with US, said China. &nbsp; &nbsp;

Beijing views it as a breakaway province, which needs to be brought back to the fold, by force if necessary. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/chinas-information-dark-age-could-be-russias-future-463611" hreflang="en">China’s information dark age could be Russia’s future</a>

For restoring peace in Ukraine after Russian invasion, Washington is seeking China's help. &nbsp;&nbsp;

The US has no formal diplomatic ties with Taiwan. But it has been one of the most important international backers and arms suppliers for Taipei. &nbsp;&nbsp;

On a video call, Xi told Biden, "Some individuals in the United States are sending the wrong signals to pro-independence forces in Taiwan, and that's very dangerous. If the Taiwan issue is not handled properly, it will have a subversive impact on the relationship between the two countries." &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/chinese-aircraft-carrier-sails-through-taiwan-strait-463560" hreflang="en">Chinese aircraft carrier sails through Taiwan Strait</a>

A White House statement said Biden reiterated in the call with Xi that US policy on Taiwan has not changed. He emphasised that Washington "continues to oppose any unilateral changes to the status quo." &nbsp;

"(We) hope the US side will pay adequate attention" to the issue, Xi told Biden. &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

Taiwan issue needs to be handled properly to avert a negative impact on relations between US and China, President Xi Jinping has told counterpart Joe Biden on Friday as per Chinese media reports.

Taiwan issue needs to be handled properly to avert a negative impact on relations between US and China, President Xi Jinping has told counterpart Joe Biden on Friday as per Chinese media reports. Taiwan is the most sensitive and vital issue in bilateral relations with US, said China. Beijing views it as a breakaway province, which needs to be brought back to the fold, by force if necessary. Also Read: China’s information dark age could be Russia’s future For restoring peace in Ukraine after Russian invasion, Washington is seeking China's help. The US has no formal diplomatic ties with Taiwan. But it has been one of the most important international backers and arms suppliers for Taipei. On a video call, Xi told Biden, "Some individuals in the United States are sending the wrong signals to pro-independence forces in Taiwan, and that's very dangerous. If the Taiwan issue is not handled properly, it will have a subversive impact on the relationship between the two countries." Also Read: Chinese aircraft carrier sails through Taiwan Strait A White House statement said Biden reiterated in the call with Xi that US policy on Taiwan has not changed. He emphasised that Washington "continues to oppose any unilateral changes to the status quo." "(We) hope the US side will pay adequate attention" to the issue, Xi told Biden. (With inputs from agencies)

Taiwan issue needs to be handled properly, Xi tells Biden during video call

China is under intense diplomatic pressure to pull its support from isolated Russia. Three weeks after the invasion of Ukraine, Beijing has shown few signs of handling its friends in Kremlin, Now, US president is going to hold talks with this counterpart Xi Jinping.

Biden to hold talks with Xi Jinping, how will China balance out conflicting priorities

Volodymyr Zelensky will deliver a virtual address to the US Congress on Wednesday to drum up the support for Ukraine.

Ukraine-Russia Conflict: Zelensky to address US Congress to drum up support

US President Joe Biden is expected to travel to Brussels next week to meet with NATO leaders to discuss Russia`s war in Ukraine, U.S. and foreign sources familiar with the situation said on Monday. 
 
The plan, which is still being finalized, calls for Biden to meet with other leaders from the NATO alliance in Brussels on March 23, said three of the sources. 
 
They cautioned that the plans could still change given the rapidly evolving situation in Ukraine. 
 
<a href="https://www.wionews.com/world/uk-warns-russia-might-be-planning-a-chemical-attack-on-ukraine-us-nato-un-echo-the-concern-462340">Also read | UK warns Russia might be planning a chemical attack on Ukraine; US, NATO echo the concern</a> 
 
The meeting comes as Russian forces continue to escalate their attacks on Ukraine. 
 
One source said Biden could also travel to NATO member Poland, where concerns are running high after a Russian attack on a large Ukrainian base just miles from the border killed 35 people. 
 
NATO members are worried about being drawn into a military conflict with nuclear power Russia. Biden has repeatedly said that the United States will not send forces into Ukraine, but will defend "every inch" of NATO territory. 
 
White House spokesperson Jen Psaki said that the United States was closely engaged with its NATO partners and European allies but that there had not been any final decision about a presidential trip. 
 
Since Russia`s invasion of Ukraine began on Feb. 24, the biggest attack on a European state since World War Two, the United States and its allies have coordinated broad sanctions against Moscow and President Vladimir Putin as punishment.

US President Joe Biden is expected to travel to Brussels next week to meet with NATO leaders to discuss Russia`s war in Ukraine, U.S. and foreign sources familiar with the situation said on Monday.

US President Joe Biden is expected to travel to Brussels next week to meet with NATO leaders to discuss Russia`s war in Ukraine, U.S. and foreign sources familiar with the situation said on Monday. The plan, which is still being finalized, calls for Biden to meet with other leaders from the NATO alliance in Brussels on March 23, said three of the sources. They cautioned that the plans could still change given the rapidly evolving situation in Ukraine. Also read | UK warns Russia might be planning a chemical attack on Ukraine; US, NATO echo the concern The meeting comes as Russian forces continue to escalate their attacks on Ukraine. One source said Biden could also travel to NATO member Poland, where concerns are running high after a Russian attack on a large Ukrainian base just miles from the border killed 35 people. NATO members are worried about being drawn into a military conflict with nuclear power Russia. Biden has repeatedly said that the United States will not send forces into Ukraine, but will defend "every inch" of NATO territory. White House spokesperson Jen Psaki said that the United States was closely engaged with its NATO partners and European allies but that there had not been any final decision about a presidential trip. Since Russia`s invasion of Ukraine began on Feb. 24, the biggest attack on a European state since World War Two, the United States and its allies have coordinated broad sanctions against Moscow and President Vladimir Putin as punishment.

Biden expected to meet with NATO leaders in Brussels on Russia-Ukraine: Sources

Reports suggest that Saudi Arabia and UAE leaders have declined calls with Biden. The Gulf nations have the capacity to pump more oil to ease supply fears but relations with the US have chilled under Biden. Ghadi Francis brings you more on this on The West Asia Post.

The West Asia Post | Another foreign policy failure for Biden?

President Joe Biden said Wednesday that he would nominate Roselyn Tso to serve as director of the Indian Health Service, raising hopes of a fresh start for an agency that has drawn intense criticism over the years for failing to provide adequate care to tribal communities.

Tso, a member of the Navajo Nation, is currently the director of the Navajo Area of IHS, overseeing the delivery of health services to more than 240,000 Native Americans in the Southwest.

If confirmed, she would replace Elizabeth A. Fowler, a member of the Comanche Nation descended from the Eastern Band of Cherokee Indians, who has led the agency on an interim basis since January 2021. Rear Adm. Michael Weahkee led the agency during the Trump administration, but served in an acting capacity until April 2020.

Biden’s choice of Tso comes more than a year into his presidency. He made a campaign promise to address the long-standing issues plaguing the Indian Health Service, which has suffered from a lack of consistent permanent leadership.

Tso has been with the agency since 1984, with stints at the Portland Area office, in Oregon, and the agency’s headquarters in Rockville, Maryland.

“The Indian Health Service director plays a critical role in raising the health status of Native peoples and upholding the federal government’s trust responsibility to Native communities,” said Sen. Brian Schatz, D-Hawaii, chair of the Senate Committee on Indian Affairs. “I am committed to seeking Indian Country’s input on Ms. Tso’s nomination as the committee carefully considers her qualifications.”

The Indian Health Service consists of 26 hospitals, 56 health centers and 32 health stations, and provides care to 2.6 million members of the nation’s tribal communities — roughly half. The hospitals, scattered across a dozen administrative regions, range in size from four beds to 133.

The agency has long faced shortages of funding and supplies, but the pandemic brought those disparities to the fore, with disproportionally high rates of infection and death among Native Americans.

Critics say the agency, with an annual budget of more than $6 billion, has been chronically neglected by Congress and successive administrations. Staffing vacancies abound in its hospitals, and the Native American communities it serves have some of the worst health outcomes in the country.

The National Congress of American Indians, in a statement, applauded the Biden administration for taking steps to fill a position that is crucial to making sure that IHS is prepared to meet the needs of Indian Country.

President Joe Biden said Wednesday that he would nominate Roselyn Tso to serve as director of the Indian Health Service, raising hopes of a fresh start for an agency that has drawn intense criticism over the years for failing to provide adequate care to tribal communities.

President Joe Biden said Wednesday that he would nominate Roselyn Tso to serve as director of the Indian Health Service, raising hopes of a fresh start for an agency that has drawn intense criticism over the years for failing to provide adequate care to tribal communities. Tso, a member of the Navajo Nation, is currently the director of the Navajo Area of IHS, overseeing the delivery of health services to more than 240,000 Native Americans in the Southwest. If confirmed, she would replace Elizabeth A. Fowler, a member of the Comanche Nation descended from the Eastern Band of Cherokee Indians, who has led the agency on an interim basis since January 2021. Rear Adm. Michael Weahkee led the agency during the Trump administration, but served in an acting capacity until April 2020. Biden’s choice of Tso comes more than a year into his presidency. He made a campaign promise to address the long-standing issues plaguing the Indian Health Service, which has suffered from a lack of consistent permanent leadership. Tso has been with the agency since 1984, with stints at the Portland Area office, in Oregon, and the agency’s headquarters in Rockville, Maryland. “The Indian Health Service director plays a critical role in raising the health status of Native peoples and upholding the federal government’s trust responsibility to Native communities,” said Sen. Brian Schatz, D-Hawaii, chair of the Senate Committee on Indian Affairs. “I am committed to seeking Indian Country’s input on Ms. Tso’s nomination as the committee carefully considers her qualifications.” The Indian Health Service consists of 26 hospitals, 56 health centers and 32 health stations, and provides care to 2.6 million members of the nation’s tribal communities — roughly half. The hospitals, scattered across a dozen administrative regions, range in size from four beds to 133. The agency has long faced shortages of funding and supplies, but the pandemic brought those disparities to the fore, with disproportionally high rates of infection and death among Native Americans. Critics say the agency, with an annual budget of more than $6 billion, has been chronically neglected by Congress and successive administrations. Staffing vacancies abound in its hospitals, and the Native American communities it serves have some of the worst health outcomes in the country. The National Congress of American Indians, in a statement, applauded the Biden administration for taking steps to fill a position that is crucial to making sure that IHS is prepared to meet the needs of Indian Country.

Biden nominates Roselyn Tso, of the Navajo nation, to run Indian Health Service

Bitcoin soared after President Joe Biden signed an executive order that requires the U.S. government agencies to assess the benefits and risks of creating a central bank digital dollar and other cryptocurrencies. The executive order potentially expands the adoption of virtual currencies in the U.S. financial system.

Bitcoin surges after Biden signs executive order on digital assets

Amidst the ongoing invasion of Ukraine by Russia, the term “no-fly zone” has been heard multiple times. Ukrainian President Volodymyr Zelensky has pleaded NATO to impose a no-fly zone over Ukraine claiming it would prevent civilian casualties but NATO has rejected the demand. Why?

Can ‘no-fly zone’ help Ukraine against Russia? What NATO, Zelensky, Biden are saying

US President Joe Biden is expected to sign a long-awaited executive order this week which will direct the justice department, treasury and other agencies in the US to study the legal and economic ramifications of creating a central bank digital currency.

US President Joe Biden to order digital currency study to know legal & economic ramifications

US President Joe Biden on Tuesday announced ban on import of Russian oil into US. The decision has been taken in light of Russia's invasion of Ukraine. Biden personally announced the decision in front of the media. Oil prices were already surging as reports of such a ban were doing rounds in the run-up to the announcement. What will the world economy have to bear as result of USA's decision. Here is a brief look.

Record rise in oil prices

JP Morgan has predicted that oil could hit a record $185 a barrel by the end of 2022 if disruption to Russian exports lasts that long, although along with most analysts polled by Reuters the bank expects a yearly average price below $100.

Other Western governments have not imposed direct sanctions on Russia's energy sector but some buyers are already shunning Russian oil in order to avoid legal troubles later.

"A prolonged war which causes widespread disruption to commodity supplies could see Brent moving above the $150 a barrel mark," Giovanni Staunovo, commodity analyst at UBS, said. He was quoted by Reuters.

Inflation

With natural gas prices hitting all-time highs, soaring energy costs are expected to push inflation above 7% on both sides of the Atlantic in the coming months and eat deep into households’ purchasing power.

As a rule of thumb, every 10% rise in the oil price in euro terms increases euro zone inflation by 0.1 to 0.2 percentage point. Since Jan 1, Brent crude is up around 80% in euros. In the U.S., every $10 per barrel rise in oil prices increases inflation by 0.2 percentage point.

In addition to being a major supplier of oil and gas, Russia is also the world's largest grains and fertilisers exporter and a top producer of palladium, nickel, coal and steel. The bid to exclude its economy from the trading system will hit a wide range of industries and add to global food security fears.

Recovery to be hit?

As the global economy is still in nascent stages of recovery after the pandemic, a ban on Russian oil is likely to slow it further.

Preliminary calculations by the European Central Bank (ECB) suggest that war could cut euro zone growth by 0.3 to 0.4 percentage points this year in a baseline scenario and 1 percentage point in case of a severe shock.

In the coming months, there is a high risk of stagflation, or little to minimal growth coupled with high inflation. However, further, euro zone growth is likely to remain robust, even if commodity prices prove a drag.

In the US, the Fed estimates that every $10 per barrel rise in oil prices cuts growth by 0.1 percentage point, though private forecasters see a more muted impact.

In Russia, the damage is likely to be large and immediate. JPMorgan estimates that its economy will contract by 12.5% from peak to trough.

Impact on central banks

For the US Federal Reserve, the inflationary impact has already proved too great and its Chair Jerome Powell has said that interest rates need to rise this month, piling pressure on borrowers. read more

For the ECB, the urgency of policy action is less acute as the labour market still enjoys spare capacity and there is little home-grown inflation.

"No one can seriously expect the ECB to start normalising monetary policy at such a moment of high uncertainty," ING economist Carsten Brzeski said.

What are the substitutes?

With fossil fuel demand rebounding from the pandemic but supply around the world still tight, policymakers will be under pressure to ramp up supply despite pledges to back green energy.

"There will be a dial back on green initiatives in the short term in an attempt to reverse the contraction we've seen in fossil fuel supplies," Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said.

Talks to unleash Iran from international sanctions are in advanced stages and high oil prices are set to galvanize investment in U.S. shale, but supply may not be set to come online soon enough to replace Russian output.

"The potential supply impacts are so large that there isn’t a quick way to substitute in the medium term, meaning the only mitigant will be price inflation of these inputs and the products that depend on them," said Alex Collins, senior corporate analyst at BlueBay Asset Management.

The long view

The Russian-Western impasse could invigorate Moscow's relationship with Beijing but the energy infrastructure between the two countries is scant.

"Although Russia's Pivot to the East has accelerated gas cooperation with China via gas infrastructure ... all these developments are still in their infancy compared to the mature markets in Europe," said Kaho Yu, principal Asia analyst at risk consultancy Verisk Maplecroft.

Renewables could get a boost in the medium- to long-run as countries seek to wean themselves off Russian energy.

"We should take the subsidies we now devote to natural gas, coal, and petroleum and put them into renewable energy generation, electric mobility and EV charging infrastructure, heat pumps, building efficiency upgrades," said Wolfgang Ketter, professor at the Rotterdam School of Management at Erasmus University in the Netherlands.

"Anything that will lead to long term energy security by reducing fossil fuel dependency."

(With inputs from agencies).

US President Joe Biden on Tuesday announced ban on import of Russian oil into US. The decision has been taken in light of Russia's invasion of Ukraine. Biden personally announced the decision in front of the media.

US President Joe Biden on Tuesday announced ban on import of Russian oil into US. The decision has been taken in light of Russia's invasion of Ukraine. Biden personally announced the decision in front of the media. Oil prices were already surging as reports of such a ban were doing rounds in the run-up to the announcement. What will the world economy have to bear as result of USA's decision. Here is a brief look. Record rise in oil prices JP Morgan has predicted that oil could hit a record $185 a barrel by the end of 2022 if disruption to Russian exports lasts that long, although along with most analysts polled by Reuters the bank expects a yearly average price below $100. Other Western governments have not imposed direct sanctions on Russia's energy sector but some buyers are already shunning Russian oil in order to avoid legal troubles later. "A prolonged war which causes widespread disruption to commodity supplies could see Brent moving above the $150 a barrel mark," Giovanni Staunovo, commodity analyst at UBS, said. He was quoted by Reuters. Inflation With natural gas prices hitting all-time highs, soaring energy costs are expected to push inflation above 7% on both sides of the Atlantic in the coming months and eat deep into households’ purchasing power. As a rule of thumb, every 10% rise in the oil price in euro terms increases euro zone inflation by 0.1 to 0.2 percentage point. Since Jan 1, Brent crude is up around 80% in euros. In the U.S., every $10 per barrel rise in oil prices increases inflation by 0.2 percentage point. In addition to being a major supplier of oil and gas, Russia is also the world's largest grains and fertilisers exporter and a top producer of palladium, nickel, coal and steel. The bid to exclude its economy from the trading system will hit a wide range of industries and add to global food security fears. Recovery to be hit? As the global economy is still in nascent stages of recovery after the pandemic, a ban on Russian oil is likely to slow it further. Preliminary calculations by the European Central Bank (ECB) suggest that war could cut euro zone growth by 0.3 to 0.4 percentage points this year in a baseline scenario and 1 percentage point in case of a severe shock. In the coming months, there is a high risk of stagflation, or little to minimal growth coupled with high inflation. However, further, euro zone growth is likely to remain robust, even if commodity prices prove a drag. In the US, the Fed estimates that every $10 per barrel rise in oil prices cuts growth by 0.1 percentage point, though private forecasters see a more muted impact. In Russia, the damage is likely to be large and immediate. JPMorgan estimates that its economy will contract by 12.5% from peak to trough. Impact on central banks For the US Federal Reserve, the inflationary impact has already proved too great and its Chair Jerome Powell has said that interest rates need to rise this month, piling pressure on borrowers. read more For the ECB, the urgency of policy action is less acute as the labour market still enjoys spare capacity and there is little home-grown inflation. "No one can seriously expect the ECB to start normalising monetary policy at such a moment of high uncertainty," ING economist Carsten Brzeski said. What are the substitutes? With fossil fuel demand rebounding from the pandemic but supply around the world still tight, policymakers will be under pressure to ramp up supply despite pledges to back green energy. "There will be a dial back on green initiatives in the short term in an attempt to reverse the contraction we've seen in fossil fuel supplies," Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said. Talks to unleash Iran from international sanctions are in advanced stages and high oil prices are set to galvanize investment in U.S. shale, but supply may not be set to come online soon enough to replace Russian output. "The potential supply impacts are so large that there isn’t a quick way to substitute in the medium term, meaning the only mitigant will be price inflation of these inputs and the products that depend on them," said Alex Collins, senior corporate analyst at BlueBay Asset Management. The long view The Russian-Western impasse could invigorate Moscow's relationship with Beijing but the energy infrastructure between the two countries is scant. "Although Russia's Pivot to the East has accelerated gas cooperation with China via gas infrastructure ... all these developments are still in their infancy compared to the mature markets in Europe," said Kaho Yu, principal Asia analyst at risk consultancy Verisk Maplecroft. Renewables could get a boost in the medium- to long-run as countries seek to wean themselves off Russian energy. "We should take the subsidies we now devote to natural gas, coal, and petroleum and put them into renewable energy generation, electric mobility and EV charging infrastructure, heat pumps, building efficiency upgrades," said Wolfgang Ketter, professor at the Rotterdam School of Management at Erasmus University in the Netherlands. "Anything that will lead to long term energy security by reducing fossil fuel dependency." (With inputs from agencies).

Joe Biden bans US import of Russian oil, global economy to face heat?

US President Joe Biden, during a conversation with Volodymyr Zelenskyy, welcomed the decisions of Visa and Mastercard to suspend services in Russia, the White House said.

Earlier, Zelenskyy said on Twitter that he held phone talks with Biden on Saturday, discussing Western support for Kyiv and anti-Russia sanctions.

"President Biden highlighted the ongoing actions undertaken by the United States, its allies and partners, and private industry to raise the costs on Russia for its aggression in Ukraine. In particular, he welcomed the decision this evening by Visa and Mastercard to suspend service in Russia," the White House said in a Saturday statement following the Biden-Zelenskyy conversation.

According to the release, Biden and Zelenskyy discussed the recent talks between Russia and Ukraine.

The White House said that the Biden administration is boosting assistance to Kyiev and is "working closely with Congress to secure additional funding."

US President Joe Biden, during a conversation with Volodymyr Zelenskyy, welcomed the decisions of Visa and Mastercard to suspend services in Russia, the White House said.

US President Joe Biden, during a conversation with Volodymyr Zelenskyy, welcomed the decisions of Visa and Mastercard to suspend services in Russia, the White House said. Earlier, Zelenskyy said on Twitter that he held phone talks with Biden on Saturday, discussing Western support for Kyiv and anti-Russia sanctions. "President Biden highlighted the ongoing actions undertaken by the United States, its allies and partners, and private industry to raise the costs on Russia for its aggression in Ukraine. In particular, he welcomed the decision this evening by Visa and Mastercard to suspend service in Russia," the White House said in a Saturday statement following the Biden-Zelenskyy conversation. According to the release, Biden and Zelenskyy discussed the recent talks between Russia and Ukraine. The White House said that the Biden administration is boosting assistance to Kyiev and is "working closely with Congress to secure additional funding."

Biden welcomes decision by Visa, Mastercard to suspend services in Russia: White House

In a humanitarian relief to Ukrainians, the Biden administration has said that it is offering 'Temporary Protected Status' to the citizens of the eastern European nation in the United States on Thursday. &nbsp;

This move could protect thousands of the Ukrainians from being deported to the war-torn homeland. &nbsp;

Under the federal programme known as ‘Temporary Protected Status’, the nationals of Ukraine can remain in the country for up to 18 months. &nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/constructive-conversation-quad-leaders-discuss-ukraine-situation-458750">'Constructive conversation': Quad leaders discuss Ukraine situation</a>

To be eligible for the protection, the citizens of Ukraine need to be in the US since at least Tuesday. &nbsp;

The decision has been taken as the Russia has invaded Ukraine, the administration said. &nbsp;

It marks the largest conventional military action in Europe since World War II. The conflict has forced more than one million people to flee the country, causing humanitarian crisis. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/ukrainian-sniper-killed-russias-top-general-say-reports-458776" hreflang="en">Ukrainian sniper killed Russia's top general, say reports</a>

"Russia's premeditated and unprovoked attack on Ukraine has resulted in an ongoing war, senseless violence that has forced Ukrainians to seek refuge in other countries," Homeland Security Secretary Alejandro N Mayorkas said. &nbsp;

Around 30,000 Ukrainians may get benefitted through this move, as per the Migration Policy Institute, a non-partisan think tank. &nbsp;&nbsp;

In a statement, Senator Majority Leader Chuck Schumer, D-New York, said, "I applaud President Biden for taking decisive action so that Ukrainians can stay safely in America." &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

In a humanitarian relief to Ukrainians, the Biden administration has said that it is offering 'Temporary Protected Status' to the citizens of the eastern European nation in the United States on Thursday.

In a humanitarian relief to Ukrainians, the Biden administration has said that it is offering 'Temporary Protected Status' to the citizens of the eastern European nation in the United States on Thursday. This move could protect thousands of the Ukrainians from being deported to the war-torn homeland. Under the federal programme known as ‘Temporary Protected Status’, the nationals of Ukraine can remain in the country for up to 18 months. Also Read | 'Constructive conversation': Quad leaders discuss Ukraine situation To be eligible for the protection, the citizens of Ukraine need to be in the US since at least Tuesday. The decision has been taken as the Russia has invaded Ukraine, the administration said. It marks the largest conventional military action in Europe since World War II. The conflict has forced more than one million people to flee the country, causing humanitarian crisis. Also Read: Ukrainian sniper killed Russia's top general, say reports "Russia's premeditated and unprovoked attack on Ukraine has resulted in an ongoing war, senseless violence that has forced Ukrainians to seek refuge in other countries," Homeland Security Secretary Alejandro N Mayorkas said. Around 30,000 Ukrainians may get benefitted through this move, as per the Migration Policy Institute, a non-partisan think tank. In a statement, Senator Majority Leader Chuck Schumer, D-New York, said, "I applaud President Biden for taking decisive action so that Ukrainians can stay safely in America." (With inputs from agencies)

In humanitarian relief, Biden administration offers 'Temporary Protected Status' to Ukrainians in US

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