Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.
Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
Russia’s president criticizes the West as the country faces a new massive wave of sanctions, while Ukraine's president asks to be admitted into the European Union.
The Biden administration has sent defense officials to Taiwan in support of the nation over concerns that Russia’s invasion of Ukraine could spark China’s invasion of the self-governing island.
A new NPR/PBS/Marist College poll measuring President Joe Biden's first year in office revealed "brutal" numbers that could spell disaster for the Democrats' chances of holding their already-tight margins in the House and Senate in this year's midterm elections, CNN said in an analysis Saturday.
Tucker Carlson blamed President Joe Biden’s perceived ineptness for Russian President Vladimir Putin’s invasion of Ukraine, calling it a humiliating defeat for the current commander-in-chief.
Russia and its allies from the Donetsk and Lugansk People's Republics launched a military operation in Ukraine on Thursday aimed at "demilitarising and denazifying" the country in the face of a security crisis of a scale unseen in Europe in decades.
