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Biden Pledges Historic $4 Billion to World Bank for Poorest Nations

U.S. President Joe Biden has announced a record $4 billion contribution to the World Bank's International Development Association (IDA) fund, aimed at supporting the world's poorest countries. This pledge is part of a broader effort to address global challenges such as debt crises, climate change, and conflicts, particularly in Africa and other vulnerable regions. The funding is expected to help nations struggling with economic instability and environmental disasters. The announcement underscores the U.S. commitment to global development and poverty alleviation.

11 Replies

 @YouthfulL3gis1ativeConservatism from Minnesota  commented…2mos2MO

Why are we sending $4 billion overseas when we have so many problems here at home?

 @EmmaLeach2008Socialist from Minnesota  commented…2mos2MO

#9 Engaged Climate Change

because their circumstances are far worse than the problems here in the states. and that we should help those who cant help themselves.

  @Renaldo-MoonGreen  from Pennsylvania  agreed…2mos2MO

Because we live cushioned lives in the western world while everyone else suffers. $4 billion isn't going to do much though tbh

 @5HF5P7QRight-Wing Populismfrom Ohio  commented…2mos2MO

Meanwhile, we're drowning in debt and inflation here at home, but Biden's more interested in sending billions overseas. How about we fix our own problems before handing out cash to other countries?

  @Renaldo-MoonGreen  from Pennsylvania  disagreed…2mos2MO

Meanwhile millions of people are starving to death and don't have access to basic needs while we whine about petty problems here.

 @XtraordinaryMinorityProgressive from Nebraska  commented…2mos2MO

This is exactly the kind of leadership we need on the global stage! Investing in the world’s poorest nations helps tackle inequality and the root causes of issues like climate change and migration. It's about time we prioritize people over profits, and this is a big step in the right direction.

 @93WCWFYSocial Democracy from North Carolina  commented…2mos2MO

It's great to see the U.S. stepping up to help tackle global poverty and invest in sustainable development, but we need to make sure this aid actually reaches the people who need it most.

 @Unit3dNationsLionCentrism from Indiana  commented…2mos2MO

It’s great to see support for global development, but I hope there’s a clear plan to ensure the money is used effectively and doesn’t neglect pressing issues at home.

 @ISIDEWITHlinked…2mos2MO

Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations

https://ndtv.com

US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said ... the Amazon rainforest in Brazil to promote his record on climate change, saying that the United States ...

 @ISIDEWITHlinked…2mos2MO

Biden pledges record $4 billion to World Bank fund for poorest countries

https://reuters.com

U.S. President Joe Biden pledged a $4 billion U.S. contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.

 @ISIDEWITHlinked…2mos2MO

Biden pledges record $4bn to World Bank fund for poorest countries

https://dawn.com

Join our Whatsapp channel US President Joe Biden pledged a $4 billion ... Bank’s International Development Association fund for the world’s poorest countries, a senior Biden administration official said on Monday. Biden announced the three-year US ...

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 @ISIDEWITH submitted…22hrs22H

Biden Clears Student Debt for 150,000

The Biden administration announced a new round of student loan forgiveness on Monday, extending relief to an additional 150,000 borrowers and bringing the total number of beneficiaries during Biden's term to over 5 million. The latest wave of debt relief targets three specific groups: 85,000 people who were defrauded by their educational institutions, 61,000 borrowers with permanent or total disabilities, and 6,100 public service workers.The total cost of student loan forgiveness under the Biden administration has now reached $183.6 billion. This record-breaking amount of relief was achieved through significant reforms to both the Borrower Defense program and the Public Service Loan Forgiveness (PSLF) program. The PSLF program alone has helped over 1 million borrowers during Biden's term, compared to just 7,000 before his administration.Education Secretary Miguel Cardona emphasized the administration's commitment to making the system more accountable to both students and taxpayers. Under Secretary of Education James Kvaal highlighted how the program has helped various groups, including public servants, disabled individuals, those defrauded by their colleges, and long-term borrowers who have made payments for decades.The announcement comes as the administration prepares for the transition to President-elect Trump, with officials noting that federal efforts on student loan relief are likely to slow down after the change in leadership. While the administration celebrated reaching this milestone of helping 5 million borrowers, officials declined to specify whether additional relief would be announced before Biden leaves office next week.The program represents a fulfillment of Biden's campaign promise to address issues in the student loan system, with Cardona noting that the achievement surpasses that of any previous administration in history.

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Active 4 days ago

 @ISIDEWITH submitted…2mos2MO

Trump’s Unlikely Victory Among Arab Americans and Right-Wing Jews

It is an extraordinary new coalition. Along the way to his decisive victory over Vice President Kamala Harris, Mr. Trump drew at least some Arab American and Muslim voters who are outraged by the Biden administration’s support for Israel in the war in Gaza. He managed to do so without alienating the right-leaning American Jews who see Mr. Trump as Israel’s strongest champion.Even in an election marked by a reordering of the country’s traditional political teams, these strange bedfellows stand out. The two groups hold sharply divergent expectations for the president-elect. And both strongly pro-Israel Trump voters and some of Mr. Trump’s Arab American backers are skeptical that his ascent this week is the start of a durable cross-ideological, interfaith coalition.But in Dearborn, Mich., a majority-Arab city, Ms. Harris won just 36 percent of the vote, according to unofficial results, a roughly 34-percentage-point drop from Mr. Biden’s share of the 2020 vote in similar results released after that election. Jill Stein, the Green Party candidate to the left of Ms. Harris, picked up 18 percent of the vote. But Mr. Trump’s support also jumped — to 42 percent of the vote from less than 30 percent four years ago, though turnout was lower.But in interviews throughout the campaign, Arab American and Muslim supporters said they were ready to take a chance on him anyway.Some were already aligned with the socially conservative views of the Republican Party. Many were nostalgic for the relative quiet of 2019.They also noted his efforts to campaign in Dearborn and the time spent in the area by his surrogates, especially Massad Boulos, a Lebanese American businessman and an in-law of Mr. Trump’s, and Richard Grenell, Mr. Trump’s former ambassador to Germany and acting intelligence chief.By contrast, they said, they saw Ms. Harris as inaccessible to the community.

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 @ISIDEWITH submitted…5 days5D

Supreme Court Clears The Way For Trump Sentencing

Donald Trump will face sentencing over his New York “hush money” conviction on Friday, after the US Supreme Court declined to grant him a last-minute reprieve.The decision will force the president-elect to face public proceedings in the criminal case that he has fought strenuously to avoid. His lawyers had appealed to the high court on Wednesday to postpone the proceeding, claiming that allowing it to go ahead days before his inauguration would create a “constitutionally intolerable risk of disruption to national security” and interfere with his efforts to get his 34 felony convictions overturned.In a 5-4 decision handed down just hours before the sentencing was set to go ahead in a state court in lower Manhattan, a majority of the justices declined to do so, saying “the burden that sentencing will impose on the president-elect’s responsibilities is relatively insubstantial” especially as Trump was unlikely to face any prison time. They added that any issues with the evidence presented at trial — some of which Trump’s lawyers have claimed was inadmissible — “can be addressed in the ordinary course on appeal”.Trump-appointed Justice Amy Coney Barrett joined Chief Justice John Roberts and the three liberals on the bench in refusing to grant Trump’s appeal.Trump said in a post on Truth Social that he appreciated the Supreme Court’s time but vowed to continue fighting the case. “For the sake and sanctity of the Presidency, I will be appealing this case, and am confident that JUSTICE WILL PREVAIL,” he said.Lawyers representing Trump did not immediately respond to a request for comment.Trump’s sentencing was repeatedly postponed while he mounted his third campaign for the White House and pursued various appeals against his conviction. Last week Judge Juan Merchan, who oversaw the “hush money” trial in New York earlier this year, finally set a firm date, in order to bring what he called “finality to this matter”.Trump will probably not face any punishment when he is sentenced, however, as the judge previously indicated he would not impose a fine or condemn Trump to prison time.

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Active 2hrs ago

 @ISIDEWITH submitted…11hrs11H

Harris Snubs Vance Family At VP Mansion

When JD Vance, his wife Usha and their three young children move into the Naval Observatory residence on Jan. 20, it will be their first time inside the white Queen Anne-style mansion that has been home to vice presidents since the 1970s.Vice President Kamala Harris has not extended an invitation for a formal sit-down or tour, multiple Democratic and Republican sources told CBS News.In November, Usha Vance, via intermediaries, reached out to staff for the home's current occupants, Harris and Second Gentleman Doug Emhoff, seeking details including what they would need to childproof it. Ewan, Vivek and Mirabel Vance are all under the age of eight.The questions were initially rebuffed by a Harris political appointee. But there has since been communication between the Vance team and Navy aides who oversee the residence. Before Christmas, Navy officials provided an overview of the house to discuss the layout of the residence, logistics and practicalities of the move-in, and to help answer any questions the Vances had, a person familiar with the call said.Usha Vance spoke with Emhoff for about 40 minutes last week, sources said. Harris sources said that arrangements are underway to accommodate the Vance children.Spokespeople for Vance and Harris declined to comment. But people close to Harris say she was never afforded an opportunity to visit the home before she was sworn in in 2021. However, she took office during the COVID outbreak, just after the Capitol riot — and Donald Trump had refused to admit he had been defeated in the election.Advisers to then-Vice President Mike Pence dispute that an invitation was never offered. They say he quietly gave Harris and Emhoff a chance to visit in the waning days of the Trump administration. The invitation came discreetly because Trump resisted accommodating the incoming administration. No formal sit-down between Pence and Harris ever took place, Democratic and Republican sources said. People close to Harris defended her decision not to invite Vance to visit, a tradition that was broken during the Trump-Pence administration. Harris' team has been focused on an overseas trip that was canceled and on the California wildfires.In 2016, then-Vice President Biden and his wife Jill hosted the Pences at the Northwest Washington residence not long after the election.

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