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Republican senators spearhead push to limit foreign-owned debt amid Russia-Ukraine war

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Republican senators spearhead push to limit foreign-owned debt amid Russia-Ukraine war

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Sen. Joni Ernst R-Iowa, is main a gaggle of senators to introduce “The Nationwide Debt Is Nationwide Safety Act,” a brand new invoice that may require not more than one-third of U.S. nationwide debt be owned by international governments, entities and people.

The push by the Republican senators, together with Sen. Invoice Cassidy R-La., and Sen. Mike Braun, R-Ind., comes as they argue that america’ nationwide safety is threatened by the continuing aggressive actions by Russia towards Ukraine and by China’s rising hostility. 

OMNIBUS SPENDING BILL ALLOCATES $40 MILLION FOR ‘DEMOCRACY PROGRAMS’ IN VENEZUELA

America’s nationwide debt hit a record-breaking $30 trillion final month, and America’s whole foreign-owed nationwide debt exceeds $7.7 trillion {dollars}, with China proudly owning roughly $1.07 trillion, based on the Division of Treasury.

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“America shouldn’t owe over $1 trillion to adversaries just like the Chinese language Communist Occasion Chinese language Communist Occasion (CCP),” Ernst stated in an announcement to Fox Information Digital whereas asserting the brand new invoice. 

The senator famous that it’s particularly egregious as a result of China makes use of curiosity funds to fund compelled labor camps in Xinjiang.

Sen. Joni Ernst (R-IA) speaks throughout a press convention following the weekly Senate Republican coverage luncheon within the Russell Senate Workplace Constructing on Capitol Hill on Jan. 19, 2022.
(Photograph by Anna Moneymaker/Getty Pictures)

“Adversarial possession over our nationwide debt by international entities just isn’t solely dangerous to our financial system—it’s additionally a direct menace to our nationwide safety,” Ernst stated.

With the introduction of the invoice, the senator hopes that america’ nationwide debt will not be taken benefit of by the Chinese language.

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“I’m proud to co-sponsor The Nationwide Debt is Nationwide Safety Act with Senator Ernst to restrict the financial leverage of the CCP and protect our financial and nationwide safety,” stated Braun, who’s supporting the invoice as a co-sponsor.

Senator Mike Braun, R-IN, questions FBI Director Christopher Wray during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing June 23, 2021 on Capitol Hill in Washington, D.C.

Senator Mike Braun, R-IN, questions FBI Director Christopher Wray throughout a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Associated Businesses listening to June 23, 2021 on Capitol Hill in Washington, D.C.
(Sarah Silbiger-Pool/Getty Pictures)

Cassidy additionally stated that by “permitting China and different adversaries to regulate massive parts of our debt is a nationwide safety menace.”

“We have to rein in spending, and restrict China’s leverage over america.”

In a earlier effort to regulate authorities spending, Ernst helped push the Federal Debt Emergency Management Act in 2021, requiring the Workplace of Administration and Price range (OMB) to declare a “Federal Debt Emergency” in any fiscal yr when the federal debt exceeds 100% of that yr’s Gross Home Product (GDP).

Chinese President Xi Jinping talks to leaders after being formally re-elected to a second term.

Chinese language President Xi Jinping talks to leaders after being formally re-elected to a second time period.
(AP)

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Wednesday night time, the Home voted to approve a $1.5. trillion spending invoice that funds the federal government via Sept. 30 and consists of $13.6 billion in assist to Ukraine amid the battle with Russia.

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Biden takes departing jab at Trump, says he was a 'genuine threat to democracy'

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Biden takes departing jab at Trump, says he was a 'genuine threat to democracy'

President Biden took a departing jab at Trump, saying that what the president-elect did was a “genuine threat to democracy.” 

Ahead of the anniversary of the Jan. 6, 2021, riot at the U.S. Capitol, Biden was asked if he still thought Trump was a threat to democracy.

“We’ve got to get back to establishing basic democratic norms,” Biden told reporters in the White House East Room on Sunday. “I think what he did was a genuine threat to democracy. I’m hopeful that we are beyond that.”

Biden made the comments to the press after signing the Social Security Fairness Act.

BIDEN ADMIN RIPPED AFTER JUDGE UPHOLDS PLEA DEALS FOR ALLEGED 9/11 MASTERMINDS: ‘KICK IN THE GUT

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President Biden speaks to the media after signing the Social Security Fairness Act at the White House on Jan. 5, 2025. (CHRIS KLEPONIS/AFP via Getty Images)

“The bill I’m signing today is about a simple proposition. Americans who have worked hard all of their lives to earn an honest living should be able to retire with economic security and dignity,” he said. “That’s the entire purpose of the Social Security system crafted by Franklin Delano Roosevelt nearly 90 years ago.”

The president said that the signing “is the culmination of a four-year fight.”

“As the first president in more than 20 years to expand social security benefits, this victory is the culmination of a four-year fight to provide security for workers who dedicate their lives to their communities, and I’m proud to have played a small part in this fight,” Biden said.

Biden surrounded by the press

President Biden speaks to the media after signing the Social Security Fairness Act at the White House on Jan. 5, 2025. (CHRIS KLEPONIS/AFP via Getty Images)

The bill ends a pair of provisions — the Windfall Elimination Provision created in 1983 and the Government Pension Offset devised in 1977 — that curtail the social security benefits of some U.S. retirees receiving retirement benefits from another source, such as a local government or state-funded pension.

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In the House, 327 members and 76 Senators voted to stand with around 3 million retired firefighters, police officers, teachers, and other public sector workers who also receive pension payments, Mick McHale, president of the National Association of Police Organizations, told Fox News Digital. 

“For over 40 years, the men and women, especially in the area of public safety… have been penalized as a result of the pension system that they belong to,” McHale said. 

Police respond to mass casualty incident on Bourbon Street in New Orleans

Police and EMS vehicles respond to a mass casualty incident reported on Bourbon Street in New Orleans on Jan. 1, 2025. (WVUE)

Biden also discussed his plans to visit New Orleans on Monday to grieve with family members of victims and meet with officials after the terrorist attack in the city on New Year’s Day.

DID BIDEN DO ENOUGH ON TERROR?

“I’ve been there. There’s nothing you can really say to somebody who has had such a tragic loss. And my message is going to be personal to them,” he said. “They just have to hang on to each other and there will come a day when they think of their loved one, and they’ll smile before a tear comes to their eye.”

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A memorial for the victims of the New Orleans New Years’ attack on Jan. 1, 2025. (Audrey Conklin/Fox News Digital)

The visit comes after 14 people were killed and dozens injured after police said 42-year-old Shamsud-Din Jabbar rammed a rented pickup truck into pedestrians on bustling Bourbon Street early Wednesday morning. Police fatally shot Jabbar after he opened fire on officers.

“We established beyond any reasonable doubt that New Orleans was a single man who acted alone. All the talk about conspiracies with other people, no evidence of that, zero,” Biden said.

“He had real problems in terms of his own, I think, mental health, going on. And he acted alone in the same way as what went on in Las Vegas,” Biden said. “But there is no evidence, zero evidence of the idea that these are foreigners coming across the border, but they worked here, they remained here.”

Fox News Digital’s Louis Casiano Jr. contributed to this report.

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How much does the new Congress look like your state?

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How much does the new Congress look like your state?

When the new Congress convenes Friday, there will be fewer people of color in the delegation than in recent years.

The 119th Congress will have 136 people of color, four fewer than the previous U.S. House and Senate, which was the most ethnically and racially diverse in history. However, this year’s delegation consists of several firsts, including the first time an openly transgender woman has served in Congress.

When it comes to parity between congressional representatives and the populations they serve, Illinois and Ohio are the only states with the same percentage of people of color in both. People of color make up 42% of Illinois’ population and representation; Ohio is 24%.

Several other states are close to parity. New Mexico’s population is 64% nonwhite and 36% white. In the House and Senate, two out of five representatives are white, while 40% are nonwhite. Arizona’s representation is 55% white compared with 52% in its population.

Sixty-seven percent of California’s population and 52% of its representatives are people of color. The state’s delegation includes the highest number of Asian Americans and Pacific Islanders with 10 members.

Less than a third of the 119th Congress are women. In the new Congress, six states have no female House or Senate members. Seven states have higher female representation in Congress than in their population.

U.S. Rep. Sarah McBride (D-Del.) made history in November by becoming the first transgender member of Congress, four years after she became the first openly transgender state senator in the United States. Her victory represents a significant step forward for LGBTQ+ representation in government.

Sarah McBride high-fives a colleague.

U.S. Rep. Sarah McBride (D-Del.) is the first openly transgender member of Congress.

(Carolyn Kaster / Associated Press)

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“My service is a testament to the fair-mindedness of Delawareans who this November demonstrated what I have seen throughout my life: that they judge candidates based on their ideas, not their identities,” McBride said. “I know how much this news would have meant to me as a young person growing up, worried that the heart of this country was simply not big enough to love someone like me, to have seen an out trans person get elected to federal office.”

North Dakota also had a milestone with Republican Julie Fedorchak becoming the first woman to represent the state in the U.S. House of Representatives. Fedorchak is also the first freshman in 14 years to be seated on the House Energy and Commerce Committee.

“What’s most important to me is how I use this,” Fedorchak told The Times. “I’m really excited to join the Republican women, a majority of them have great backgrounds and are really serious about good policy.”

Mississippi is the only state yet to send a woman to the House.

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The elections of Sens. Angela Alsobrooks (D-Md.) and Lisa Blunt Rochester (D-Del.) mark the first time two Black women have served on the U.S. Senate simultaneously.

U.S. Rep. Becca Balint speaking at a microphone.

In 2023, Rep. Becca Balint (D-Vt.) became Vermont’s first woman and out LGBTQ+ congressperson.

(Amanda Andrade-Rhoades / Associated Press)

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In 2023, the 118th Congress was the most ethnically and racially diverse U.S. House and Senate in history. U.S. Rep. Maxwell Alejandro Frost (D-Fla.) was the first member of Generation Z to walk the congressional corridors. Trailblazers like Democrats U.S. Rep. Becca Balint, Vermont’s first woman and out LGBTQ+ congressperson, and U.S. Rep. Summer Lee, Pennsylvania’s first Black woman in Congress, shattered long-standing glass ceilings.

New Jersey is the only state with an all-minority Senate delegation in the country.

Newly elected Sen. Andy Kim (D-N.J.) is the first Korean American in the Senate. Kim said that while he is proud to break barriers, he looks forward to the day when his role in Congress is no longer seen as groundbreaking or pioneering, but commonplace. The night he was sworn into Congress, Kim called his mother who was crying tears of joy.

“It was really powerful to see this moment, not just for my family but for what it means to Korean Americans, Asian Americans, and what it means to immigrant families,” Kim said. “Hopefully they can see a continuation of this American dream that has been a shared pursuit for so many different ethnic groups and communities.”

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Jimmy Carter’s Funeral: See the Full Schedule of Events

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Jimmy Carter’s Funeral: See the Full Schedule of Events

Over the next six days, various dignitaries, supporters and ordinary citizens will celebrate Jimmy Carter at several funeral events across the country that honor his life and career in public service, from his boyhood farm in rural Georgia to Washington and back.

The gestures of remembrance have all been carefully selected to reflect the 39th president’s rural roots in the small town of Plains, Ga., his political career in Georgia and Washington, and his legacy of global advocacy in Atlanta.

Here is the full schedule of events.

At 10:15 a.m., the Carter family will arrive at Phoebe Sumter Medical Center in Americus, Ga. There, former and current members of the Secret Service detail that protected Carter will escort his body to a hearse, which will then leave for Plains, the former president’s hometown.

The motorcade is expected to pass through Plains, pausing for a moment at his childhood farm. During that stop, the National Park Service will toll the farm bell 39 times, marking Carter’s service as the 39th president.

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Once the motorcade leaves Plains, it will head for Atlanta, where it is scheduled to arrive at 3 p.m. Once there, the motorcade will pause for a moment of silence at the Georgia State Capitol, where Carter once served as governor.

A private service will then be held at the Carter Center in Atlanta, where the former president established his presidential library and headquarters for an organization dedicated to championing democracy, fighting diseases and other global causes.

Beginning at 7 p.m., the public will be able to pay their respects at the Carter Center through early Tuesday.

Public visitation will end at 6 a.m.

At 9:30 a.m., there will be a ceremony marking Carter’s final departure from the Carter Center. His family will then travel with his body to Washington.

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They will first fly to Joint Base Andrews in Maryland, arriving at 12:45 p.m. A motorcade will then take them to the U.S. Navy Memorial, in recognition of Carter’s military service.

At 2 p.m., Carter’s body will be transferred to a horse-drawn military wagon, as part of a procession to the U.S. Capitol in Washington. At the Capitol, Carter will lie in state, with a 3 p.m. service scheduled for lawmakers to pay their respects.

The public will be able to visit until midnight, and then again on Wednesday through early Thursday.

Carter will leave the Capitol at 9 a.m., with a ceremony. The procession will head to Washington National Cathedral, where a national funeral service will take place at 10 a.m.

The funeral is expected to end by 11:15 a.m., at which point the family will accompany the coffin back to Joint Base Andrews to fly to Georgia. Once back in Georgia, a motorcade will drive to Plains.

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Once the motorcade arrives at Maranatha Baptist Church, where Carter taught Sunday school for many years, a private funeral service will take place at 3:45 p.m.

An hour later, the motorcade is expected to travel to the Carter home, where his wife, Rosalynn, is buried. There, the Navy will conduct a ceremonial flyover, another tribute to Carter’s service both as a lieutenant and commander in chief.

Carter will finally be buried alongside his wife. A private interment ceremony, scheduled for 5:20 p.m., will conclude the services.

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