November 20, 2023 13:29 GMT
Yellen: Ukraine Aid Critical Priority For National Security
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US Treasury Secretary Janet Yellen, speaking with CNBC, has stated that aid to both Israel and Ukraine are a critical priority for President Biden, adding that the US, "can't allow Ukraine to lose battle on home front."
- Yellen warns that, "Ukraine is utterly dependent on US aid," as the United States' Congress remains deadlocked on Ukraine despite pressure from the White House to legislation Biden's USD$106b national security supplemental funding request.
- For more on Ukraine aid in Congress see today's MNI US Daily Brief.
- Speaking on domestic priorities, Yellen says, "there is need to explain to Americans what Biden has done to improve economy," adding "we need a fiscally responsible, sustainable path for spending and taxation."
- Likely recognising the tepid voter response to administration efforts to reign in inflation, Yellen says that although the US is making "considerable progress," Americans are still seeing increases in, "some important prices including food."
- On last week's high-profile meeting between Biden and Chinese President Xi Jinping, Yellen says the US and China, "recognise they have opportunity to work together," but notes that the administration has unresolved concerns about, "privacy and social media," including the social media app TikTok, although Reuters notes that Yellen declined to expand on any specific measures which may be forthcoming.