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Biden and UAW President Shawn Fain met briefly in the West Wing last month while UAW leadership was at the White House briefing senior staff on their positions. Fain has publicly warned that UAW is prepared to strike, saying nearly 150,000 members will strike if the three automakers do not meet their demands. Ford pointed out that it employs more UAW members and builds more cars and trucks at US plants than any other automaker. For the most part, those plants are joint ventures between automakers and battery makers, and thus will not be covered under the UAW contracts with the Big Three. But the union has yet to reach a deal with plant management on a contract, and workers there are paid about half of what UAW members are paid at the Big Three.

Persons: Joe Biden, –, —, ” Biden, Biden’s, Shawn Fain, Fain, Biden, ”, “, ” Ford, Stellantis, Ford, “ Stellantis, Vanessa Yurkevich Organizations: Washington DC CNN, United Auto Workers, – Ford, General Motors, “, AFL, CIO, UAW, Biden, Wing, White, Ford, Dodge, Chrysler, EV, CNN, Big, GM, Workers, LG Locations: Warren , Ohio

CNN —FBI special agents shot and killed a Utah man Wednesday while attempting to arrest him for allegedly making threats against President Joe Biden ahead of the president’s trip to the state. The case comes amid heightened vitriol aimed at national and local leaders in the lead-up to the 2024 election and what FBI Director Christopher Wray has called an “unprecedented” level of threats against FBI agents. “The Secret Service is aware of the FBI investigation involving an individual in Utah who has exhibited threats to a Secret Service protectee,” a Secret Service spokesperson said. !”FBI agents approached Robertson at his house in March about a social media post, investigators wrote in an affidavit. Don’t return without a warrant.”After the interaction, Robertson allegedly repeatedly threatened FBI agents online.

Persons: Joe Biden, Craig Robertson, Robertson, Biden’s, “, BIDEN, ” Robertson, Donald Trump, Christopher Wray, Monday Robertson, ” Biden, ”, Biden, General Merrick Garland –, Merrick Garland, Kamala Harris, Letitia James, Gavin Newsom, Alvin Bragg, Trump, DAs, Bragg Organizations: CNN, FBI, Investigators, Democratic, “ Hey FBI, FBI’s, Service, Secret, Kamala Harris , New York, California Gov, New York Locations: Utah, UTAH, BUFFOON, New Mexico, Salt Lake City, Provo , Utah, Kamala Harris , New, California, New York

Helsinki, Finland CNN —More than 500 days after Russia launched its invasion of Ukraine, the war loomed over President Joe Biden’s weeklong, three-stop trip to Europe. Drama over Ukraine’s membershipUkraine was the top agenda item for NATO leaders in Vilnius, and the discussion of a pathway for the war-torn country to join the alliance prompted division among leaders. After meeting with Zelensky for more than an hour, Biden told reporters that he was able to reassure his Ukrainian counterpart. The former president raised the prospect of withdrawing from the alliance multiple times in 2018, The New York Times reported. I don’t think NATO’s ever been stronger,” Biden said during his meeting with Finland’s President Sauli Niinistö

Persons: Finland CNN —, Joe Biden’s weeklong, reasserting, Biden, Jens Stoltenberg, Ulf Kristersson, Recep Tayyip Erdoğan Monday, Erdoğan, ”, Volodymyr Zelensky, Zelensky, Donald Trump’s, Trump’s, –, ” Biden, Trump, Rishi Sunak, King Charles III, Putin, “, Stoltenberg, Wang Wenbin, Biden “, “ I’ve, Sauli Niinistö Organizations: Finland CNN, Russia, NATO, Zelensky, Vilnius University, Nordic, Senate, The New York Times, Foreign Affairs, Foreign Ministry, Microsoft, House, Lithuania, State, Government Locations: Helsinki, Finland, Russia, Ukraine, Europe, Washington, Turkey, Sweden, Ankara, Vilnius, London, Finnish, China, Beijing, Asia, Indonesia, Hiroshima

☆ NATO Summit 2023: Ukraine's wait for membership -- and Zelensky's frustration -- loom over final day of summit, meeting with Biden
▼ + stars: | 2023-07-12 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

We’re looking for a continued, united NATO,” Biden said in brief remarks alongside NATO Secretary General Jens Stoltenberg at the summit site. Participants of the NATO Summit pose for an official photo in Vilnius, Lithuania, on July 11, 2023. NATO first welcomed Ukraine’s membership aspirations during a 2008 meeting in Bucharest, Romania, but little progress has been made and the timeline remains uncertain. Biden and NATO leaders have “unanimously agreed” to send a “substantial” new aid package to Ukraine, Sloat told reporters Wednesday — but she declined to provide additional details. Biden is also set to give a foreign policy speech that his aides have described as a “major address” later on Wednesday, reflecting on the strength and power of the NATO alliance.

Persons: Joe Biden, Volodymyr Zelensky, Zelensky, Biden, ”, ” Zelensky, Gitanas Nauseda, Olena Zelenska, Kacper Pempel, Jens Stoltenberg, That’s, Stoltenberg, ” Biden, Andrew Caballero, Reynolds, Amanda Sloat, Sloat, “, ” Sloat, Zelensky’s, Chris Skaluba, Biden’s, ’ Biden Organizations: Lithuania CNN, NATO, Alliance, Reuters, Wednesday, CNN, ” National Security Council, Ukraine ”, Transatlantic Security Initiative, Strategy, Security, Ukraine Locations: Vilnius, Lithuania, Ukraine, Ukrainian, NATO, Russia, United States, Kyiv, Washington, St, Michael’s, Hiroshima, Japan, Bakhmut, Bucharest, Romania, Eastern Europe, NATO’s

☆ NATO Summit 2023: Biden and alliance leaders enter summit with a show of force
▼ + stars: | 2023-07-11 | by ( Betsy Klein | ) edition.cnn.com time to read: +8 min

Vilnius, Lithuania CNN —President Joe Biden and alliance leaders enter the first day of the high-stakes NATO Summit Tuesday with a reinvigorated sense of unity after a major win on Monday evening when Turkey agreed to Sweden’s bid to join the alliance. Biden and other members have touted unprecedented unity among the alliance in the face of Russia’s war, and the move also provides leaders a significant show of force going into the summit. “We’re coming into this consequential summit with a full head of steam,” national security adviser Jake Sullivan told reporters in Vilnius Tuesday morning. “When the NATO summit gets underway, our alliance will not only be bigger and stronger than ever, it will be more united, more purposeful, and more energized than at any point in modern memory. He pointed to questions about unity in the past week as he warned that the Vilnius summit will “very much disappoint” Russian President Vladimir Putin.

Persons: Joe Biden, Vladimir Putin’s, Recep Tayyip Erdoğan, Biden, Jake Sullivan, Biden’s, ”, Sullivan, Ulf Kristersson, Antony Blinken, Vladimir Putin, ” Sullivan, “, ’ Vladimir Putin, Volodymyr Zelensky, Dmytro Kuleba, Kuleba, ” Biden, CNN’s Fareed Zakaria, Zakaria, Rishi Sunak, Gitanas Nausėda, Jens Stoltenberg, Erdoğan, Sunak, King Charles III Organizations: Lithuania CNN, NATO, Biden, Swedish, White, Transatlantic Alliance, Ukrainian, Kyiv, Ukraine, US, United, Prime, Oslo Convention, Lithuania, Windsor Castle Locations: Vilnius, Lithuania, Turkey, Russia, Sweden, Lithuanian, Turkish, Hungary, Ukraine, Oslo, United States, Windsor

CNN —NATO chief Jens Stoltenberg said on Monday that Turkey has agreed to back Sweden’s bid to join the military alliance. Erdoğan has stood in the path of Sweden joining NATO for more than a year over a multitude of concerns. Turkey had resisted Sweden’s bid to join NATO for a long time, giving multiple reasons – including accusations that Swedish officials have been complicit in Islamophobic demonstrations, such as the burning of the Quran. More importantly, Turkey claims that Sweden allows members of recognized Kurdish terror groups to operate, most notably the militant Kurdistan Workers’ Party (PKK). But Erdoğan had faced pressure to step out of the way of Sweden’s NATO bid from his European and American allies.

Persons: Jens Stoltenberg, Recep Tayyip Erdoğan, Erdoğan, Erdogan, ” Stoltenberg, Sweden’s, Jake Sullivan, Joe Biden, Biden “, CNN’s Fareed Zakaria, Kyriakos, ” Biden, It’s Organizations: CNN, NATO, European Union, Grand, Assembly, Kurdistan Workers ’ Party, Air Force, White, Biden Locations: Turkey, Vilnius, Lithuania, Sweden, Lithuanian, Greece, “ Turkey, Mitsotakis

☆ What Biden needs to accomplish with his NATO trip
▼ + stars: | 2023-07-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +11 min

London CNN —President Joe Biden embarks on a weeklong trip to Europe on Sunday, and the stakes couldn’t be higher for the future of the NATO alliance. Biden makes a stop in London ahead of his attendance at the NATO Summit in Vilnius, Lithuania, followed by meetings with Nordic leaders in Helsinki, Finland. But Biden will be a key player in determining what specific, measurable criteria or timelines, if any, are offered to Ukraine for NATO membership during this summit. Sweden’s NATO membership is “within reach,” NATO Secretary General Jens Stoltenberg said in a news briefing following a meeting of senior officials from Turkey, Sweden and Finland Thursday. And I’m really looking – anxiously looking forward for your membership,” Biden told Kristersson during a meeting in the Oval Office.

Persons: Joe Biden, Biden, month’s, Wagner, Yevgeny Prigozhin’s, Vladimir Putin’s, ”, Chris Skaluba, Michael McCaul, Jake Sullivan, “, Volodymyr Zelensky, ” Zelensky, Zelensky, Sweden’s, Recep Tayyip Erdoğan, Jens Stoltenberg, Stoltenberg, Ulf Kristersson, ” Biden, Kristersson, –, it’s, Max Bergmann, Bergmann, China’s “, Sullivan, King Charles III, Jill Biden, Finnegan Biden, Rishi Sunak Organizations: London CNN, NATO, Nordic, Transatlantic Security Initiative, Strategy, Security, Foreign, US House Foreign, CNN, Wall Street, Turkish, White, Eurasia Program, Stuart Center, Center for Strategic, International Studies Locations: Europe, London, Vilnius, Lithuania, Helsinki, Finland, Ukraine, Russia, Belarusian, Bucharest, Romania, Eastern Europe, Sweden, Turkey, NATO’s, Madrid, Vilnius “, United Kingdom, Windsor, Norway, Iceland, Denmark, China

CNN —The White House is closely monitoring the upcoming labor talks in the US auto industry, negotiations that could put it at odds with the traditional support of a major union. “As a White House point person on key issues related to the UAW and Big Three, Sperling will help ensure Administration-wide coordination across interested parties and among White House policymakers,” a White House official confirmed to CNN. Sperling, the official added, “will work hand-in-glove with Acting [Labor] Secretary Julie Su on all labor-related issues.” He will need to coordinate across multiple White House offices and other stakeholders across government for this new task. So the shift to EVs, supported by the Biden administration, is a major concern of the UAW heading into these talks. The current UPS contract expires July 31, and the union rank and file has already authorized an August 1 strike without a new deal.

Persons: Joe Biden, Gene Sperling, Sperling, Carter, Obama, Biden, ”, “, Julie Su, Liz Shuler, ” Sperling, Bill Clinton, Barack Obama Organizations: CNN, United Auto Workers, UAW, Big, White House, Labor, White, General Motors, Ford, Dodge, Chrysler, GM, Anderson Economic Group, AFL, UPS, Teamsters, Treasury Department, National Economic Locations: Michigan, Detroit

Chicago CNN —President Joe Biden’s top economic advisers believe the worst effects of inflation are in the rear-view mirror. “I didn’t come up with a name,” he said, crediting the news media for inventing the term Bidenomics. The debt ceiling impasse also needed to be resolved and Biden’s key economic legislation needed to begin to be implemented. Now, officials see Bidenomics as an opportunity to tie together the president’s economic accomplishments, the vision behind those policies and a growing economy under one term. But it’s working.”But when faced with the question of whether “Bidenomics” can be the answer to changing public perception of the president’s record, White House press secretary Karine Jean-Pierre offered a frank reply: “We’re going to try.

Persons: Joe Biden’s, There’s, “, Bidenomics ”, ” Biden, ”, Biden, he’d, he’s, Anita Dunn, Mike Donilon, Dunn, Donilon, Lael Brainard, ” Brainard, It’s, “ It’s, ” Dunn, we’re, Richard Nixon, it’s, Ronald Reagan, Bidenomics, ’ ”, Karine Jean, Pierre Organizations: Chicago CNN, Old, Old Chicago Main Post, CNN, SSRS, “, MSNBC, British, Wall Street, White Locations: Chicago, Old Chicago, America, Ukraine, Philadelphia

There has been close attention to diplomatic detail in advance of Thursday’s state dinner, including catering to the guest’s dietary restrictions. Nina Curtis, a plant-based chef from Sacramento, California, will be the dinner’s guest chef, working with White House Executive Chef Cris Comerford, and White House Executive Pastry Chef Susie Morrison to develop the menu, the office of the first lady said. Modi, a White House official said, is a vegetarian and “the First Lady selected Chef Curtis for her experience with plant-based cuisine.”And Grammy Award-winning American violinist and conductor Joshua Bell will provide the evening’s entertainment, the office of the first lady said. The state dinner is one element of an elaborate visit for the prime minister, which comes amid some criticism over Modi’s human rights record. This will mark the third state dinner of the Biden administration after the Bidens hosted French President Emmanuel Macron in December and South Korean President Yoon Suk-Yeol in April.

Persons: Joe Biden, Jill Biden, Narendra Modi, Nina Curtis, Cris Comerford, Susie Morrison, Modi, Chef Curtis, Joshua Bell, Betty Monkman, Jake Sullivan, “, Biden, Emmanuel Macron, Yoon Suk Organizations: CNN, White, State Department, South Locations: Washington, Sacramento , California, India, United States

☆ Dr. Mandy Cohen: Biden chooses the next CDC director
▼ + stars: | 2023-06-16 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

And as Cohen takes on what’s become an increasingly politicized role at the CDC, Biden heralded her capacity to work across the aisle. I look forward to working with Dr. Cohen as she leads our nation’s finest scientists and public health experts with integrity and transparency,” the president said. Cohen will hit the ground running as leader of the world’s finest public health organization saving lives every day. Walensky announced her departure from her government role last month in the days before the Covid-19 public health emergency lifted. As she prepares to step into the role, Cohen inherits an agency wracked with challenges and low morale.

Persons: Joe Biden, Mandy Cohen, Rochelle Walensky, Dr, Cohen, ” Biden, what’s, Biden, Jeff Zients, Zients, “ Dr, ” Cohen, Walensky, –, Obama, ”, Andy Slavitt, “ She’s, Slavitt, Republican Sen, Richard Burr of, she’s, … I’ve, Mandy, ” Burr, Burr, “, ” Slavitt, Roy Cooper, Cohen “, Trump, Cooper, she’ll Organizations: CNN, US Centers for Disease Control, White House, CDC, North, North Carolina’s Department of Health, Human Services, Trump, Biden, Centers, Medicare, Medicaid Services, Yale School of Medicine, Harvard, of Public Health, The Washington Post, Center for Strategic, Studies, America’s Health Security, Republican, White, Democratic North Carolina Gov, Center for Health Sector Management, Duke University’s Fuqua School of Business Locations: North Carolina’s, Chan, “, North Carolina, Richard Burr of North Carolina, North Carolinians

CNN —First lady Dr. Jill Biden is emerging as a prominent voice taking on Republicans and former President Donald Trump since his indictment – even as the White House has maintained a stay-silent strategy on the legal case. Their support is so needed, because whether we like it or not, this guy (Trump) could be back,” he said. LaRosa noted that Biden’s language Tuesday evening in the Bay Area didn’t stray far from language she and the president have previously used. Former first lady Melania Trump actively avoided the campaign trail as her president campaigned for reelection in 2020. At her stops this week, Jill Biden touted the president’s accomplishments, including bipartisan work on infrastructure and gun safety.

Persons: Jill Biden, Donald Trump, ”, MAGA, MAGA Republicans ”, Trump, “, surrogates, Michael LaRosa, LaRosa, Biden, ” LaRosa, Bill Clinton’s, Gabrielle Giffords, it’s, Joe, Melania Trump, “ Joe Biden’s, ” Melania Trump, Michelle Obama, Mitt Romney Organizations: CNN, White, Trump, New York City, Associated Press, MAGA Republicans, Republicans, GOP, Gingrich Republicans, Giffords Law, “, ”, Democratic, Republican National Convention, Convention Locations: New York, California, Marin County , California, Mission, San Francisco, Bay, Florida, America, Atglen , Pennsylvania

Washington CNN —Rosalynn Carter, the former first lady of the United States and wife of former President Jimmy Carter, has dementia, the Carter Center announced on Tuesday. “The Carter family is sharing that former First Lady Rosalynn Carter has dementia. Additional details about Carter, 95, were not immediately provided and the Center said it did not expect to comment further. President Carter, 98, began home hospice care in February after a series of short hospital stays. At an event in Norcross, Georgia, last week honoring the former president, President Carter’s former UN ambassador, Andrew Young, described the former president to WSB-TV as being in good spirits during a visit with him last month.

CNN —World leaders gathered in Japan will attempt to project unity on China during meetings Saturday, even as differences persist between the United States and Europe in how to confront Beijing’s growing military and economic aggression. His attendance underscores the pressing need to maintain western unity in the face of Russian aggression. For example, French President Emmanuel Macron said last month that Europe should not follow the United States into war with China. Climate change will also factor into Saturday’s meetings, with a joint statement expected from the G7 leaders on accelerating a clean energy transition. Biden is balancing his world leader talks with updates from Washington on negotiations over raising the US debt ceiling.

It was against that backdrop that Biden and his fellow leaders entered three days of talks. Biden faces his fellow world leaders Friday in Japan under the shadow of a looming default on US debt, a scenario his advisers said risks subverting American leadership and sending the global economy into tailspin. The risk appears particularly acute as Biden works to rally fellow G7 officials behind a shared approach toward Russia and China. The conflict will be a key topic of discussion for world leaders Friday. Biden and fellow leaders were planning to discuss how much progress has been made on the battlefield, with an eye toward helping Ukraine regain territory and assume leverage in potential peace talks.

☆ Biden to become first sitting US president to travel to Papua New Guinea
▼ + stars: | 2023-05-09 | by ( Betsy Klein | ) edition.cnn.com time to read: +1 min

CNN —President Joe Biden will travel to Papua New Guinea during a trip to the Indo-Pacific region this month, the White House announced Tuesday, marking the first visit of a sitting US president to the Pacific country. The visit will take place between stops in Japan and Australia, according to White House press secretary Karine Jean-Pierre, who called the partnership between the US and Pacific Island countries “critical.”Jean-Pierre touted “deep historical and people-to-people ties” between the US and Pacific Island countries. Biden will meet with Papua New Guinea Prime Minister James Marape and other Pacific Island Forum leaders, Jean-Pierre said. The Biden administration has worked to deepen its engagement with Pacific Island nations, including the announcements of new embassies in the Solomon Islands, Kiribati and Vanuatu. Biden is set to attend the G7 Leaders’ Summit in Hiroshima, Japan, May 19-21, and will later attend the Quad Leaders’ Summit in Sydney, Australia, on May 24, where he will be joined by heads of state from Australia, Japan and India.

☆ Jill Biden arrives in London for the pomp and pageantry of King Charles III’s coronation
▼ + stars: | 2023-05-05 | by ( Betsy Klein | ) edition.cnn.com time to read: +3 min

CNN —First lady Dr. Jill Biden has arrived in London, where she is set to bear witness to the full pomp and pageantry of the coronation of King Charles III and Queen Consort Camilla, leading the US delegation to this weekend’s highly anticipated events. President Joe Biden spoke by phone last month with King Charles, congratulating him on his coronation as he reaffirmed the strong ties between the UK and US. As reports surfaced that President Biden would not attend the coronation, despite the expected presence of dozens of world leaders, US officials downplayed the possibility and noted that no previous US president has attended a British monarch’s coronation. The president told the king that the first lady would be attending the coronation, but made clear in the call that he plans to meet with King Charles in the future. “We really talked about the woman, and who she was, and what she meant really to the whole world,” Biden said, adding that she noted to King Charles the human toll of grief.

CNN —President Joe Biden and first lady Jill Biden capped South Korean President Yoon Suk Yeol’s official state visit with a glamorous state dinner at the White House Wednesday night to celebrate the two nations’ 70-year alliance. May we do it together for another 170 years.”But Biden wasn’t the only leader who took the mic. Following a round of musical performances, his South Korean counterpart joined him on stage to give his own – a karaoke rendition of Don McClean’s “American Pie” – which received a standing ovation from the crowd. The elaborate dinner is the result of weeks of careful diplomatic preparations, with each detail meticulously planned by a team of White House chefs, social staff, and protocol experts. U.S. President Joe Biden and first lady Jill Biden pose with South Korea's President Yoon Suk Yeol and first lady Kim Keon Hee in front of the Grand Staircase of the White House before an official State Dinner, in Washington, U.S. April 26, 2023.

“We need to have tabletop exercises that go through a variety of scenarios, including possibly nuclear weapons,” a senior official told CNN earlier this month. Leaks loomRecent online leaks of Pentagon documents involving South Korea also loom over the visit. One of the leaked documents describes, in remarkable detail, a conversation between two senior South Korean national security officials about concerns by the country’s National Security Council over a US request for ammunition. Plans and pompWednesday’s events mark just the second state visit of the Biden presidency (Biden hosted French President Emmanuel Macron and his wife Brigitte in December 2022). President Joe Biden, first lady Jill Biden, South Korea's President Yoon Suk Yeol and his wife Kim Keon Hee visit the Korean War Veterans Memorial in Washington, Tuesday.

CNN —A last-ditch effort to salvage a Fox interview with President Joe Biden before the Super Bowl has fallen through. Biden is not expected to participate in the annual presidential Super Bowl interview with Fox, the network airing the game this year. The Biden administration attempted a workaround that avoided a sit-down with Fox News, with which the White House has a contentious relationship. Fox has canceled the interview, White House press secretary Karine Jean-Pierre said in a tweet Friday. Despite some discussion early on about an interview, the White House never committed to granting a sit-down to Fox News.

☆ Janet Yellen: Strong job growth shows recession probability is low
▼ + stars: | 2023-02-06 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

Washington CNN —Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and low unemployment on the eve of President Joe Biden’s State of the Union address. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years,” Yellen said during an appearance on ABC’s “Good Morning America. Friday’s jobs report showed that the US economy added an whopping 517,000 jobs in January, according to the Bureau of Labor Statistics. The unemployment rate ticked down a tenth of a percentage point to 3.4% — the lowest jobless rate since May 1969. “What I see is a path in which inflation is declining significantly, and the economy is remaining strong,” Yellen said on GMA.

And now, this law requires an interracial marriage and same-sex marriage must be recognized as legal in every state in the nation.”Video Ad Feedback Don Lemon and fiancé react to Biden signing same-sex marriage into law 02:24 - Source: CNNThe new law officially voids the Defense of Marriage Act, which defined marriage as between a man and a woman. It mandates that states honor the validity of out-of-state marriage licenses, including same-sex and interracial unions. The bill signing Tuesday amounted to the culmination of his transformation on the issue. It’s about – it’s about marriage – same-sex marriage. Among the guests invited to the bill signing at the White House Tuesday were prominent members of the LGBTQ community and activists.

☆ Federal agencies formally warned to prepare ahead of government shutdown deadline
▼ + stars: | 2022-12-12 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

CNN —While congressional leaders continue to negotiate a spending deal, the federal government has begun the process of preparing for a potential shutdown, participating in the mandatory but standard process of releasing shutdown guidance to agencies ahead of this Friday’s funding deadline. That standard guidance was circulated last Friday, marking seven days before a shutdown could occur absent congressional action. It’s not the first time the government has been on the brink of a shutdown, and it has happened on multiple occasions. The government also shut down for three days over deadlock during the Trump administration in January 2018. And in 2013, then-President Barack Obama presided over a 16-day partial government shutdown caused by a dispute over the Affordable Care Act and other budget disagreements.

☆ Yellen sees her signature printed on US bills for the first time
▼ + stars: | 2022-12-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +4 min

Yellen became the latest Treasury secretary to sign US currency and the first woman Treasury secretary to have her signature on a US banknote. It’s been tradition for more than a century that both the US treasurer and the Treasury secretary sign currency to make the bills legal tender. The newly printed bills feature the signatures of “Lynn Roberge Malerba” and “Janet L. Yellen,” both written in clear, legible script. U.S. Treasury Secretary Janet Yellen and U.S. Treasury Chief Lynn Malerba sign banknotes. Currency, Yellen said, “plays a critical role in our economy” but also “has a deeper social purpose.”“Currency is something we use and we touch every day.

☆ Europe agrees to cap the price of Russian oil at $60 a barrel
▼ + stars: | 2022-12-02 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

London CNN Business —The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. Capping the price of Russian oil between $65 and $70 a barrel, a range previously under discussion, wouldn’t have caused much pain for the Kremlin. “Today’s oil price cap agreement is a step in right direction, but this is not enough,” Estonian foreign minister Urmas Reinsalu tweeted Friday. The price cap is designed to be enforced by companies that provide shipping, insurance and other services for Russian oil. Confusion about the impact of that measure, along with lingering questions about the price cap, have unsettled traders.

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