World
Biden to seek $60 bln for Ukraine, $14 bln for Israel
President Joe Biden launched a new mission on Thursday to convince Americans they should spend billions more on supporting Israel and Ukraine in their wars, arguing that only the U.S.’s involvement can prevent global chaos.
“American leadership is what holds the world together. American alliances are what keep us, America, safe,” said Biden, Reuters reported.
Biden sought to link Hamas militants in the Gaza Strip who attacked Israel to Russian President Vladimir Putin, whose forces invaded Ukraine in February 2022.
“Hamas and Putin represent different threats, but they share this in common: They both want to annihilate a neighboring democracy,” he said.
Biden will ask Congress for $100 billion in new spending, including $60 billion for Ukraine and $14 billion for Israel, a source familiar with his plan told Reuters. The request will also include $10 billion for humanitarian aid, $14 billion for border security and $7 billion for the Indo-Pacific region, the source said.
Half of the $60 billion Biden is requesting for Ukraine would go toward replacing and modernizing U.S. weapons stocks, the source said.
Biden spoke about 20 hours after returning from a whirlwind trip to Israel to show U.S. solidarity after the Oct. 7 attack by Hamas militants who launched incursions from Gaza and killed 1,400 people in southern Israel.
Biden’s message carries some urgency. Israel is poised to launch a ground offensive to root out Palestinian Hamas militants from Gaza and tensions are at a fever pitch after a deadly blast at a Gaza hospital. Already Israel’s counterattack has killed thousands of Palestinians, local authorities say.
Biden said Israel was not responsible for the hospital blast, as Hamas officials had asserted, and said: “We can’t ignore the humanity of innocent Palestinians who only want to live in peace and have opportunity.”
As global protests grow about the attacks on Gaza, Biden urged Israelis not to give in to “blind rage” as they respond to Hamas.
The Republican National Committee accused Biden of coddling Iran after his speech. “Biden could BEGIN holding the Iranian regime accountable by vigorously enforcing oil sanctions, and by reversing course on his appeasement policies that have enriched them with tens of billions of dollars,” it said.
World
G7 foreign ministers demand an end to attacks on civilians in Iran war
The ministers also reiterated the need to restore safe and toll-free freedom of navigation in the Strait of Hormuz.
The foreign ministers of the G7 group of nations called on Friday for an immediate stop to attacks against civilians and civilian infrastructure in the Iran war.
In a joint statement agreed on the second day of a G7 meeting in France – this year’s host country – the ministers said they had underscored the importance of minimising the impact of the conflict on regional partners, civilian populations and critical infrastructure.
“We focused on the value of diverse partnerships, coordination, and supporting initiatives, including to mitigate global economic shocks such as disruptions to economic, energy, fertilizer and commercial supply chains, which have direct impacts on our citizens,” they said in the statement seen by Reuters.
The ministers also reiterated the need to restore safe and toll-free freedom of navigation in the Strait of Hormuz.
The G7 members are the United States, Britain, Canada, France, Germany, Italy and Japan, along with the European Union.
World
US Vice President Vance emerges as key figure in Iran peace efforts: Report
US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.
An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.
The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.
Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.
US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.
White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.
While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.
According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.
“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.
World
Trump signature to appear on US currency, ending 165-year tradition
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
U.S. paper currency will bear President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.
The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. Mint and other Treasury functions, Reuters reported.
The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several weeks to circulate through banks.
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.
The signature change is the latest effort by the Trump administration and its allies to put the president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last week the design for a commemorative gold coin with Trump’s image.
Bessent said in a statement that the move was appropriate for the U.S. 250th anniversary, given strong U.S. economic growth and financial stability during Trump’s second term, read the report.
“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.
An effort for a circulating $1 Trump coin was set back by laws prohibiting the depiction of living individuals on U.S. coins.
A statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We Trust,” and only allows portraits of deceased individuals.
The overall designs of bills will not change, except for Trump’s signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.
Malerba, the former treasurer, declined comment on the Trump administration’s move.
Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful symbol of American resilience, the enduring strength of free enterprise and the promise of continued greatness.”
The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden age economic revival.”
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