Headline News from The Associated Press
AP Headline News - Apr 17 2024 17:00 (EDT)
AP News, I'm Ben Thomas House Speaker Mike Johnson's Ukraine and Israel aid package has received some high-level backing, Sakamagane has a report. The House's hard-right flank is not on board, but President Biden is saying he strongly supports Johnson's plan to push for votes on three packages for a Ukraine, Israel and Indo-Pacific allies, plus a fourth bill with other foreign policy items. Congress' conservatives are furious over the idea of funding Ukraine at all, and Johnson risks losing his job. But lawmakers also heard from the Pentagon's top leaders about the need for immediate aid to keef. "The Ukraine right now is facing some dire combative conditions," joined Chief's Chairman C. Q. Brown, alongside Defense Secretary Lloyd Austin, who says those conditions are starting to shift in Russia's favor. "We're seeing them make incremental gains." Looks on the funding packages are expected Saturday, Sagar and Meghani, Washington. Prime Minister Benjamin Netanyahu says Israel will decide for itself whether and how to respond to Iran's major air assault, brushing off calls for restraint from allies. The Senate adjourned the impeachment trial of Homeland Security Secretary Alejandro Mayorkas after voting to dismiss the charges. President Biden told steelworkers in Pittsburgh this afternoon he's going to triple tariffs on Chinese steel. "For too long, the Chinese government has poured state money into Chinese steel companies, pushing them to make so much steel as much as possible, subsidized by the Chinese government. Because Chinese steel companies produce a lot more steel than China needs, it ends up dumping extra steel into the global markets and unfairly low prices. And the prices are unfairly low because Chinese steel companies don't need to worry about making a profit, because the Chinese government is subsidizing them so heavily. They're not competing. They're cheating." Sinking tech stocks sent Wall Street lower, the S&P dropped 0.6 percent. It's fourth straight loss. This is AP News. Researchers are estimating climate change could take a $38 trillion bite out of the global economy. Julie Walker has details. "A new study says climate change will reduce future global income by about 19 percent in the next 25 years compared to a fictional world that's not warming. But the poorest areas and those least responsible for heat-trapping gases taking the biggest monetary hit. In the US, the southeastern and southwestern states get economically pinched more than the northern ones, with parts of Arizona and New Mexico taking the biggest monetary hit. The study in the journal Nature by researchers at Germany's Potsdam Institute says climate change's economic bite in global domestic product is already locked in to be about $38 trillion a year by 2049. I'm Julie Walker. And I'm Ben Thomas. AP News.