BIPARTISAN SUPPORT
Dalai Lama free to hold spiritual activities: India
"I would like to reiterate India's position on His Holiness Dalai Lama. He is a revered religious leader and is deeply respected by the people of India. His Holiness is accorded due courtesies and freedom to conduct his religious and spiritual activities," stated Randhir Jaiswal, spokesperson for the Ministry of External Affairs (MEA).
PM Modi meets US delegations who visited Dalai Lama despite China's objection
Prime Minister Narendra Modi met with a US Congressional delegation on Thursday after their visit to Tibetan spiritual leader the Dalai Lama in Dharamshala earlier this week. The delegation, including former US House of Representatives Speaker Nancy Pelosi, congratulated PM Modi on his third consecutive term and expressed appreciation for India's recent elections.
Why has US delegation's visit to Dalai Lama in India sparked China's ire
A bipartisan group of US lawmakers visited the Dalai Lama in Dharamshala, causing tensions with China. Beijing criticized the visit, urging the US to recognize the "separatist nature" of the Dalai Lama. The visit underscores Washington's support for Tibetan rights amid strained US-China relations. The Dalai Lama, in exile since 1959, seeks genuine autonomy for Tibet. The visit is part of ongoing efforts to address Tibetan aspirations through dialogue.
US student protests now reflect a generational change larger than our upcoming elections — aid to Israel no longer gets bipartisan support: Omar Wasow
'In the upcoming US election, the war in Gaza is absolutely a wedge issue in the Democratic party — some parts of it are staunchly pro-Israel and others, particularly younger people and ArabAmericans, are very critical of President Biden’s policies on this. If the war continues, so will these protests — right into the Democratic National Convention. In some ways, this change is even bigger than the election — aid and military assistance to Israel was a relatively bipartisan, broadly supported issue,' says Omar Wasow.
Aid for Ukraine, Israel and Taiwan heads to the Senate for final approval after months of delay
The Senate is set to vote on a $95 billion war aid package for Ukraine, Israel, and Taiwan, with the $61 billion allocated for Ukraine being a critical component as the country faces increased Russian aggression. President Biden assured Ukrainian President Zelenskyy of the US's commitment to send air defense weaponry. The aid package also includes $26 billion for Israel and humanitarian relief for Gaza, as well as $8 billion to counter China in Taiwan and the Indo-Pacific.
US congressional delegation pledges continued defense support for Taiwan
A bipartisan US congressional delegation visited Taiwan, reaffirming support for the island. The visit follows Congress approving $300 million in military aid and $400 million to counter Chinese influence in the region. China considers Taiwan a breakaway province and has increased military pressure, with daily warship and fighter jet activities near the island. The US, while not recognizing Taiwan as a country, is committed to its defense. The delegation assured Taiwan of continued support and discussed strategies to counter China's aggressive actions in the region.
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US Congress releases $1.1 trillion spending package to avert shutdown
U.S. leaders unveiled a $1.1 trillion bipartisan spending bill, facing a shutdown. House to vote on six bills, Senate must pass. Schumer and Johnson navigate slim majority.
UK govt, opposition support strong security ties with India: Lord Mandelson
In an interview with ET, the senior leader was hopeful for early conclusions of a Free Trade Agreement between UK and India and said that there is a keen interest in UK companies to invest and trade with India. The Labour leader was also of the view that while Russia has historically been its strong partner, India needs to diversify and look for alternative sources for defence supplies.
US lawmakers visit Taiwan to show support amid tensions with China
Two U.S. House of Representatives members, Mario Diaz Balart and Ami Bera, visited Taipei, Taiwan, showcasing bipartisan support for the island. The delegation expressed concerns about China's interference in Taiwan's elections and emphasized the U.S. Congress's steadfast support. They discussed issues like double taxation relief and broadening exchanges between Taiwan and the U.S. amid growing economic ties.
How $6 billion in Ukraine aid collapsed in a government funding bill despite big support in Congress
The collapse of Ukraine aid in Congress was a result of opposition from a small group of Republican lawmakers who opposed sending U.S. funds overseas. Despite bipartisan support for stopping Russian President Vladimir Putin's invasion, a scaled-back $6 billion aid package for Ukraine could not pass.
Wall St advances as softer PCE data supports rate-pause hopes
At 10:02 a.m. ET, the Dow Jones Industrial Average was up 110.59 points, or 0.33%, at 33,776.93, the S&P 500 was up 32.28 points, or 0.75%, at 4,331.98, and the Nasdaq Composite was up 176.48 points, or 1.34%, at 13,377.75.
Joe Biden seeks $24 billion for Ukraine, testing bipartisan support in Congress
"The latest request from the Biden administration shows America’s continued commitment to helping Americans here at home and our friends abroad; and should send a clear signal to Vladimir Putin, the Chinese government, and others of America’s resolve when it comes to defending democracy around the world," Schumer said in a statement backing Biden's request.
Senate passes defense bill with bipartisan support, but clash looms with House over social issues
The two chambers will now have to write a final bill, a test of the deeply divided House, in particular, as the traditionally bipartisan legislation was swept up in the disputes over race, equity and women's health care that have been political priorities for the Republican party. Wicker said talks with the House will start "very soon" and he feels confident they will be able to pass the legislation, as Congress has annually since 1961.
Matthew McConaughey and his wife Camila launch grant initiative to help ‘keep kids safe’ in school; Details here
The Greenlights Grant Initiative, founded by Camila and Matthew McConaughey, aims to assist school districts across the country in accessing federal school safety funding from recent legislation.
Ukrainian President says he's afraid to lose bipartisan support from US
Zelenskyy in a news conference with Spanish media in Kyiv on Saturday, "Mike Pence has visited us, and he supports Ukraine. First of all, as an American, and then as a Republican." "We have bipartisan support. However, there are different messages in their circles regarding support for Ukraine. There are messages coming from some Republicans, sometimes dangerous messages, that there may be less support," he said.
Members of India Caucus introduce bipartisan legislation to fast-track weapons sales to India
Indian-American Democratic Congressmen Raja Krishnamoorthi said that under the Arms Export Controls Act, the review and sales process for weapons to American partners and allies is streamlined and accelerated. By adding India to this list, FMS will not only be approved faster but they will also be required to clear the same threshold for oversight and accountability as all other American allies.
Bipartisan US bill would end Section 230 immunity for generative AI
Republican Josh Hawley and Democrat Richard Blumenthal announced the bill that would create an AI carve-out to Section 230, a law that shields internet companies from liability for the content posted to their platforms.
US Senate panel approves bipartisan legislation, China to lose Developing Country status
The US Senate Foreign Relations Committee has approved bipartisan legislation that aims to remove China's "developing country" status. This action by the Senate follows similar legislation passed by the House of Representatives in March.
After sailing through House on bipartisan vote, Biden-McCarthy debt ceiling deal now goes to Senate
The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
PM Modi meets Australia Leader of Opposition Peter Dutton; welcomes bipartisan support for bilateral ties
Prime Minister Modi thanked Dutton for the strong bipartisan support for the bilateral relations in Australia. The two leaders discussed various aspects of the bilateral ties as well as regional developments.
Bipartisan resolution introduced in US Senate recognising Arunachal Pradesh as integral part of India
The resolution condemns additional Chinese provocations, including China's use of military force to change the status quo along the Line of Actual Control, construction of villages in contested areas, publication of maps with Mandarin-language names for cities and features in the Indian state of Arunachal Pradesh, and expansion of Beijing's territorial claims in Bhutan.
Biden signs industrial policy bill aimed at bolstering competition with China
The bill is focused on domestic manufacturing, research and national security, providing $52 billion in subsidies and tax credits for companies that manufacture chips in the United States.
Indian American Congressman supports bipartisan Bill to end aging out of Indian immigrants
A group of 40 youth members of Improve The Dream from all across the country came to the United States Capitol to advocate. Improve The Dream is a youth-led organisation, founded by Dip Patel, that advocates for children of legal immigrants who have grown up in the United States, but have no clear path to citizenship because they "age out" of the system at 21. They are often referred to as documented dreamers.
Bipartisan United States senators pen support for funding of Lockheed Martin Corp's F-35 jet
The senators noted, "near-peer adversaries like China and Russia continue to advance their air defense systems, develop their own 5th generation fighters, and invest heavily in emerging technologies that threaten America's military edge."
Uzra Zeya crafted a strategic partnership framework for India, US over a decade ago: Lawmaker
“She helped overcome India's long standing aversion to external democracy promotion and launched new bilateral initiatives to support gender equality in Afghanistan and to support free and fair elections abroad,” Kaine said.
US renewable fuels legislation could garner bipartisan support under Biden
Biden, elected president last week, defeating Republican Donald Trump, has pledged to move the United States to a zero-carbon emissions scheme by 2050.
India enjoys extraordinary bipartisan support in USA: Foreign Secretary
Shringla emphasised that India continues to enjoy extraordinary bipartisan support and that “irrespective of the political dispensation in power in Washington or in New Delhi our relations with United States will continue to be strong and robust, even stronger and ever more robust as we go along”.
Biden, Blue Wave or split verdict: What’s really good for markets?
Whichever administration is victorious will likely have to continue to tackle the most significant issue facing the markets right now — the US economic recovery from the Covid-19 pandemic.
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