Congress is paralyzed as U.S. allies fight wars in both Europe and the Middle East.
Biden with Ukrainian President Volodymyr Zelensky at the White House last month. Photo: Drew Angerer/Getty ImagesU.S. allies are depending on military aid to fight wars in both Europe and the Middle East. The U.S. government itself faces a shutdown in a month.That's putting pressure on Biden officials to minimize the potential collateral damage from a problem — GOP infighting — that they didn't create.
There's a difference between skimming off interest from Russian sovereign assets and seizing them outright, as former Treasury Secretary Larry Summers and former World Bank President Robert B. ZoellickThe Biden administration is preparing to send a new supplemental spending request to Congress this week, asking for more money for border security, Ukraine,A protracted government shutdown, coupled with a drawn-out war in the Middle East, could tip the economy into recession.
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