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Analysis: The Biden-Trump debate will lay bare a fateful national crossroads | CNN Politics

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Analysis: The Biden-Trump debate will lay bare a fateful national crossroads | CNN Politics



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Presidential debates crystalize a quadrennial dilemma for a country contemplating a new political direction. But they’re usually defined more by trivial personality quirks, zeitgeist moments and gaffes than high-level ideological argument.

Al Gore’s melodramatic sighs, George H.W. Bush’s unwise glance at his watch, a day’s growth on Richard Nixon’s chin and Donald Trump’s bulk looming over Hillary Clinton remain iconic years after the policy clashes in those debates have been forgotten.

And while Thursday night’s debate hosted by CNN between President Joe Biden and ex-President Trump could also turn on a theatrical flurry between two men who openly despise one another, the policy meat of a presidential debate has rarely been so important as in this neck-and-neck White House race.

The country is confronting a perilous moment, internally estranged over politics and culture and as multiple foreign policy crises deepen. America faces a choice in November that will lead, like in Robert Frost’s poem, down one of two divergent roads from which there may be no coming back.

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Trump’s attempt to regain the White House, less than four years after he attempted to steal the last election, poses a potentially existential question for the democratic system. The former president’s conservative backers are, meanwhile, proposing an evisceration of the bureaucracy and the politicization of judicial and intelligence leadership posts to reconcile the goals of a GOP candidate sporting one criminal conviction, three other indictments and a thirst for revenge.

At the same time, and despite a roaring jobs market, millions of Americans are worn down by high prices and the cost of borrowing. The legacy of a once-in-a-generation pandemic robbed the country of a sense of economic security that Biden promised to restore four years ago but that remains elusive for many. The Supreme Court’s overturning of the constitutional right to an abortion two years ago has opened an ideological and religious schism over reproductive rights that Biden plans to exploit to hurt Trump. But the president is equally vulnerable over an immigration crisis on the southern border that has swamped asylum laws unfit to handle a new generation of migrants fleeing gangs, economic blight and climate disasters.

Overseas, there’s a frightening sense of fracturing. The global system that has enshrined American power for 80 years is under extreme pressure from US foes seeking to destroy it, including Russia and the new superpower China. Biden has dedicated his term to expanding NATO to counter the Kremlin’s onslaught on Ukraine and threat to wider Europe. In one rare area of continuity with Trump, he’s intensified a military and diplomatic pivot to counter China, although the ex-president’s plan for a tariff war with Beijing would go far beyond Biden’s efforts to stop a new Cold War turning hot.

Israel’s war in Gaza, which incessantly threatens to boil over, is a painful vulnerability for a sitting president, as his rival warns that World War III may be about to spark. Trump’s main critique is that Biden is weak – a caricature that could resonate with some voters. But his own plans are as nebulous as his unlikely plan to end the Ukraine war in 24 hours and his unprovable claim that conflicts in Europe and the Middle East would “never have happened” if he’d been in office.

And Trump seems more at home with authoritarians like Russian President Vladimir Putin and North Korean leader Kim Jong Un, who dream of crushing US power, than democratic allies America liberated in the last cataclysmic global conflict. Some of the ex-president’s former White House officials warn he might try to pull the United States out of NATO, the cornerstone of Western security, if he returns to the White House. Voters must therefore pick between Biden’s traditional internationalist foreign policies and a doubling down by Trump of the populist isolationism that turned the United States from the bulwark of global stability into one of its most volatile sources of instability.

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For the first time in American history, two presidents will stand side-by-side on a debate stage with their legacies exposed for everyone to judge. (The only other time a former and current president competed for a second term was in 1892, when candidates didn’t actively campaign, let alone debate one another.) The meeting of incumbents is one most voters would have preferred to avoid. And so far, their fears seem to be realized. The tied race means two candidates either side of 80 are struggling to show they’ve got the policies to fix the nation’s problems. And neither so far has shown the vision to conjure a road map to the future that millions of Americans will inhabit long after both are gone.

Trump’s first term and sparse legislative record showed that he sees the presidency more as a channel for his wild personal whims rather than a policy laboratory. But his campaign, as well as allied conservative groups, have drawn up plans that, if implemented, would transform American governance. And a second-term administration stripped of restraining influences that frustrated the 45th president means he’d have far more latitude to do what he wants.

One irony of Trump’s first term — and second term proposals — is that while he’s shifted the Republican Party away from its corporate heritage toward a more working-class orientation, he pursues policies that disproportionately help richer Americans like himself. In his first term, he enacted tax cuts that favored the better off and he wants to extend them if he gets back the White House. Still, earlier this month, in an apparent bid to court support from hospitality workers in the key state of Nevada, he pledged to eliminate federal taxes on tips. And while he’s proposing a draconian immigration policy, including mass deportations of undocumented migrants, Trump also says he wants more green cards for foreign graduates of US colleges — a step that may win favor among increasingly influential South Asian voters.

The former president has also signaled he’d dismiss Federal Reserve Chairman Jerome Powell, in a move that would raise concerns of political interference in the central bank but that could please Americans who want interest rate cuts. And the former president is working hard to enhance nostalgia for the Trump economy that was thriving before the pandemic-induced economic crisis.

If he concentrates on economic messaging rather than histrionics on Thursday night, the former president may be able to renew a connection with viewers alienated by his extreme behavior but who pine for easier economic times. Still, Biden is likely to argue that some of Trump’s plans would be economically ruinous, including a proposed 10% tariff on foreign goods that some economists warn could reignite the inflation crisis and raise the cost of goods for US consumers.

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Biden has a humming policy machine.

Several times a week, the president or Vice President Kamala Harris highlights a new aspect of the administration’s attempt to honor its vows to reshape the economy, to lift up working Americans, to cut health care costs, cap drugs prices, create jobs, fight climate change, preserve abortion rights, reduce student debt and lower energy costs.

But it is the curse of Biden’s term that his efforts rarely get much credit despite a legislative legacy that is as impressive as any Democrat since President Lyndon Johnson. Part of this may lie in the fact that measures like Biden’s bipartisan infrastructure plan may take years to fully come into force.

The president is still yet to figure out a way to claim credit for an economy that rebounded more strongly from the Covid-19 emergency than those of other developed countries while also acknowledging the pain many voters still feel. High grocery prices represent a literal and psychological barrier — even if the worst inflation crisis in 40 years has now moderated. It’s still hard for many Americans to afford a new car or a mortgage because of high interest rates introduced to lower the cost of living. This leaves Biden badly needing to use Thursday night’s debate to convince voters that he can make their lives better — and soon.

He’s tried it once already. During his State of the Union address in March, Biden praised citizens for authoring “the greatest comeback story.” But it didn’t do him any good politically.  In an ABC News/Ipsos poll conducted in late April, voters said they trusted Trump more than Biden on the economy and inflation, their top two issues, by margins of 46% to 32% and 44% to 30%.

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Post-game coverage of Thursday’s debate is certain to zero in on the best verbal jabs, soundbites and the stamina and energy of the rival candidates. But the most meaningful impact of the clash between Trump and Biden will only begin to unfold after noon on Inauguration Day, January 20, 2025.

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Video: Nvidia Shows Off New A.I. Chip at CES

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Video: Nvidia Shows Off New A.I. Chip at CES

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Nvidia Shows Off New A.I. Chip at CES

At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

This is the Vera CPU. This is one CPU. This is groundbreaking work. I would not be surprised if the industry would like us to make this format and this structure an industry standard in the future. Today, we’re announcing Alpamayo, the world’s first thinking, reasoning autonomous vehicle A.I.

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At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

By Jiawei Wang

January 6, 2026

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Lawmakers split over Maduro’s seizure. And, CDC cuts childhood vaccine schedule

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Lawmakers split over Maduro’s seizure. And, CDC cuts childhood vaccine schedule

Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day.

Today’s top stories

Ousted Venezuelan President Nicolás Maduro and his wife, Cilia Flores, pleaded not guilty yesterday to federal charges, which include narco-terrorism. U.S. military forces seized them both from their country over the weekend. Yesterday marked their first appearance in a federal court in New York.

Protesters express their anger toward ousted Venezuelan leader Nicolás Maduro and fly the Venezuelan flag outside the Daniel Patrick Moynihan United States Courthouse in New York City on Monday.

José A. Alvarado Jr. for NPR


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  • 🎧 Before sitting down in court, Maduro made eye contact with reporters and wished them a “Happy New Year,” NPR’s Jasmine Garsd, who was in the courtroom, tells Up First. Flores walked in behind him and appeared to have a swollen eye and a bandaged forehead, which her lawyers explained came from her getting hurt during her capture. Outside the courthouse were heated exchanges between two groups of protesters: those who were against America’s intervention in Venezuela and Venezuelans celebrating Maduro’s capture. A man named Izzy McCabe says the capture is a ploy to take oil and foreign resources from Venezuela. Another protester, Maria Seu, said many countries have been living off Venezuela’s resources for years.

President Trump is set to meet with House Republicans at the Kennedy Center today as lawmakers call for more information on the operation in Venezuela and the U.S. role there moving forward. The meeting comes a day after top administration officials briefed Capitol Hill leaders on Maduro’s capture, leaving a largely partisan divide on the operation. Lawmakers questioned Trump’s decision not to inform Congress before carrying out the weekend seizure. Democrats say the action, which the White House is calling a law enforcement operation, is an act of war. Meanwhile, Republicans have largely aligned with the president’s stance on the situation.

  • 🎧 Democrats say the operation is just the latest example of the White House circumventing Congress, NPR’s Barbara Sprunt says. House Speaker Mike Johnson said Trump has the authority to deploy military forces to address threats to the U.S. When the president has joined meetings like the one he is expected to attend today in the past, it has become almost like a rally. Sprunt says she expects the same again today. The party is gearing up for the midterm elections, which means Venezuela will likely not be the only topic discussed.

The Centers for Disease Control and Prevention is reducing its number of recommended childhood vaccines from 17 to 11. The agency’s new schedule, which includes vaccines that had previously been recommended for all children — such as those for rotavirus, hepatitis A and B, meningitis and seasonal flu — is now more restrictive. The agency made these changes in response to a memo Trump issued in December directing health officials to align the U.S. schedule with those in “peer, developed countries” such as Germany and Japan.

  • 🎧 The new restrictions will lead to fewer children getting vaccinated, with consequences that could be seen for years down the line, Dr. Sean O’Leary, with the American Academy of Pediatrics, tells NPR’s Pien Huang. The agency implemented these changes without any new scientific developments behind them, Huang notes. The agency sidestepped its own advisory committee and didn’t consult vaccine makers.

Today’s listen

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Does the lack of winter sunlight drain your energy, or do you struggle to keep up with life’s demands during this season? If so, you may be experiencing seasonal affective disorder, or SAD. In this episode of It’s Been A Minute, host Brittany Luse shares the morning routine she developed for herself to combat this type of depression. She is also joined by Dr. Norman E. Rosenthal, a psychiatrist and scientist who first described seasonal affective disorder in the 1980s, to receive feedback on her SAD routine and learn about how we can all think differently about the rough winter months.

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Special series

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Trump has tried to bury the truth of what happened on Jan. 6, 2021. NPR built a visual archive of the attack on the Capitol, showing exactly what happened through the lenses of the people who were there. In “Chapter 2: Stop the Steal,” we look at how false claims of a stolen election mobilized Trump supporters.

On election night in 2020, Trump claimed victory and said the election was being stolen long before officials declared a winner. He and his allies launched the “Stop the Steal” movement almost immediately, even as U.S. courts rejected the widespread claims of election fraud. Trump campaign officials also admitted they found no evidence that could have changed the outcome of the election. Right-wing activists such as Infowars host Alex Jones and the white nationalist and Holocaust denier Nick Fuentes mobilized the movement. On the day that Congress was set to meet to certify the election, Trump pressured Vice President Mike Pence and Republicans in Congress to try to reject Biden’s victory. These videos highlight the movement that led to Jan. 6, 2021.

To learn more, explore NPR’s database of federal criminal cases from Jan. 6. You can also see more of NPR’s reporting on the topic, including an Instagram post debunking myths about looting.

3 things to know before you go

A pill form of Wegovy, the popular obesity drug previously available only by injection, is seen in a plastic tray.

A pill form of Wegovy, the popular obesity drug previously available only by injection, is now being stocked by pharmacies.

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  1. Pharmacies across the U.S. began stocking the pill version of the popular obesity drug Wegovy yesterday, offering patients an alternative to the injectable form.
  2. Minnesota Gov. Tim Walz ended his bid for a third term yesterday, saying that he wants to dedicate his final year in office to combating fraud in state programs rather than campaigning. (via MPR)
  3. Wegmans says it is using facial recognition technology in a handful of stores across multiple states to help identify people “previously flagged for misconduct.” (via WXXI)

This newsletter was edited by Suzanne Nuyen.

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US oil refiners gear up for comeback of Venezuelan crude

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US oil refiners gear up for comeback of Venezuelan crude

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US refiners are braced for a surge in Venezuelan crude that would make them early winners of President Donald Trump’s extraordinary plans for an energy-led regime change in Caracas.

Shares in America’s top refining groups jumped on Monday as traders bet their US Gulf Coast operations could snap up big volumes of Venezuelan heavy crude as Washington looks to ease sanctions and revive production.

Valero, the biggest US importer of Venezuelan crude, closed 9 per cent higher. Phillips 66 added 7 per cent and Marathon Petroleum 6 per cent. 

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“Our refineries in the Gulf Coast of the United States are the best in terms of refining the heavy crude,” said US secretary of state Marco Rubio on Sunday. “I think there will be tremendous demand and interest from private industry if given the space to do it.”

Trump this weekend touted the “tremendous amount of wealth” that could be generated by American oil companies returning to Venezuela’s oil sector after US forces captured President Nicolás Maduro and transported him to the US to face trial on drug-trafficking charges. 

That has sparked a burst of interest among energy investors keen to return to Venezuela — home to the biggest oil reserves in the world — decades after expropriations by Caracas led most to abandon the country. 

A flurry of executives was expected to arrive in Miami on Tuesday, where US energy secretary Chris Wright will pitch the benefits of channelling billions of dollars into reviving Venezuelan oil output, which has fallen from 3.7mn barrels a day in 1970 to less than 1mn b/d today as a result of chronic mismanagement, corruption and sanctions. 

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While any investment by US companies in rejuvenating Venezuelan oil production could take time, Gulf Coast refiners are well positioned to hoover up crude shipments as soon as sanctions are eased and more import permits are granted, something analysts say could happen quickly. 

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“Near-term, Gulf Coast refiners could be among the biggest winners of shifts that could occur here,” said Dylan White, principal analyst for North American crude markets at consultancy Wood Mackenzie. 

“The investment side of the coin in Venezuela is much more slow moving. It’s turning a very slow ship and it involves high-level decisions from a number of companies,” he said. “[But] sanctions policy changing in the US could change the economic benefits for US Gulf Coast refiners tomorrow.”

American refiners and traders import about 100,000-200,000 b/d of Venezuelan crude, down from 1.4mn b/d in 1997. Under current US sanctions, Chevron is the only American producer allowed to operate in the country and imports of Venezuelan crude are heavily restricted.

As much as 80 per cent of Venezuelan exports had been bound for China before the US imposed a naval embargo last month. Much of that could be quickly rerouted to the US if sanctions were lifted.

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“The natural proximal home for a lot of those Venezuelan heavy barrels would be the refining complex of the US Gulf Coast,” said Clayton Seigle, senior fellow at the Center for Strategic and International Studies, adding that the fact that the facilities were equipped to process Venezuelan heavy oil could explain “some of the short-term stock market reactions that we observed”.

Valero, Philips 66 and Marathon did not respond to requests for comment on their plans.

US refineries were largely set up before the shale revolution made America the world’s biggest oil producer. Almost 70 per cent of US refining capacity is designed primarily to handle the heavy grades common in Venezuela, Canada and Mexico rather than the light, sweet variety found in Texas oilfields, according to the American Fuel and Petrochemical Manufacturers.

Consultancy S&P Global Energy estimates that from 1990 to 2010, US refiners spent about $100bn on heavy crude processing capabilities, just before the fracking boom sent American production soaring.

“This finally gets some of the [return on investment] back,” said Debnil Chowdhury, Americas head of refining and marketing at S&P, of the potential for a return to significant imports of Venezuelan heavy oil.

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“We had a system that was kind of running de-optimised for the last 10-15 years. And this allows it to get a little bit closer to what it was designed for — which means slightly higher yields, higher margins.

“You get to basically use your asset more how it was designed because you’re getting the feedstock it was designed for.”

Data visualisation by Eva Xiao in New York

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