China’s Xi Jinping to Visit Russia Next Month for BRICS Summit 

Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana, Kazakhstan July 3, 2024. (Sputnik/Sergei Guneev/Pool via Reuters)
Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana, Kazakhstan July 3, 2024. (Sputnik/Sergei Guneev/Pool via Reuters)
TT

China’s Xi Jinping to Visit Russia Next Month for BRICS Summit 

Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana, Kazakhstan July 3, 2024. (Sputnik/Sergei Guneev/Pool via Reuters)
Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Astana, Kazakhstan July 3, 2024. (Sputnik/Sergei Guneev/Pool via Reuters)

Chinese leader Xi Jinping will visit Russia next month for a summit of the BRICS bloc of developing economies, China's Foreign Minister Wang Yi confirmed Thursday, a move that comes as Moscow and Beijing seek to counter the West’s global influence.

Xi's visit to Russia will be his second since the Kremlin sent troops into Ukraine in February 2022. China claims to take a neutral position in the conflict, but it has backed the Kremlin’s contentions that Russia's action was provoked by the West, and it continues to supply key components needed by Moscow for weapons production.

Wang Yi met with Russian President Vladimir Putin in St. Petersburg Thursday and the two hailed ties between the two countries. The Chinese foreign minister said that Xi “happily accepted” Putin's invite to attend the BRICS summit in the Russian city of Kazan in October.

Putin, in turn, announced that the two will also sit down for a bilateral meeting in Kazan and discuss various aspects of the Russia-China relations, which “are developing quite successfully” and “in all directions.”

Xi last visited Russia in March 2023 and Putin reciprocated with his own trip to China in Oct. that year. The two leaders have since also met in Beijing in May, where Putin took the first foreign trip of his fifth presidential term, and in Kazakhstan in July.

After launching what the Kremlin calls a “special military operation” in Ukraine, Russia has become increasingly dependent economically on China as Western sanctions cut its access to much of the international trading system. China’s increased trade with Russia, totaling $240 billion last year, has helped the country mitigate some of the worst blows from the sanctions.

Moscow has diverted the bulk of its energy exports to China and relied on Chinese companies to import high-tech components for Russian military industries to circumvent Western sanctions.

The two countries have also deepened their military ties in the last two years.

The BRICS alliance was founded in 2006 by Brazil, Russia, India and China, with South Africa joining in 2010. It has recently undergone an expansion and now includes Iran, Egypt, Ethiopia and the United Arab Emirates.

BRICS has a stated aim to amplify the voice of major emerging economies to counterbalance the Western-led global order. Its founding members have called for a fairer world order and the reform of international institutions like the United Nations, the International Monetary Fund and the World Bank.



Biden Signs Bill That Averts Govt Shutdown Ending Days of Washington Upheaval

United States President Joe Biden participates in a holiday visit to patients and families at Children's National Hospital in Washington, DC, USA, 20 December 2024. (EPA)
United States President Joe Biden participates in a holiday visit to patients and families at Children's National Hospital in Washington, DC, USA, 20 December 2024. (EPA)
TT

Biden Signs Bill That Averts Govt Shutdown Ending Days of Washington Upheaval

United States President Joe Biden participates in a holiday visit to patients and families at Children's National Hospital in Washington, DC, USA, 20 December 2024. (EPA)
United States President Joe Biden participates in a holiday visit to patients and families at Children's National Hospital in Washington, DC, USA, 20 December 2024. (EPA)

President Joe Biden signed a bill into law Saturday that averts a government shutdown, bringing a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused President-elect Donald Trump’s core debt demands in the package.

The deal funds the government at current levels through March 14 and provides $100 billion in disaster aid and $10 billion in agricultural assistance to farmers.

House Speaker Mike Johnson, R-La., had insisted lawmakers would “meet our obligations” and not allow federal operations to close. But the outcome at the end of a tumultuous week was uncertain after Trump had insisted the deal include an increase in the government's borrowing limit. If not, he had said, then let the closures “start now.”

Johnson's revised plan was approved 366-34, and it was passed by the Senate by a 85-11 vote after midnight. By then, the White House said it had ceased shutdown preparations.

“There will be no government shutdown,” said Senate Majority Leader Chuck Schumer, D-N.Y.

Johnson, who had spoken to Trump after the House vote, said the compromise was "a good outcome for the country” and that the president-elect “was certainly happy about this outcome, as well.”

The final product was the third attempt from Johnson, the beleaguered speaker, to achieve one of the basic requirements of the federal government — keeping it open. The difficulties raised questions about whether Johnson will be able to keep his job, in the face of angry Republican colleagues, and work alongside Trump and his billionaire ally Elon Musk, who was calling the legislative plays from afar.

The House is scheduled to elect the next speaker on Jan. 3, 2025, when the new Congress convenes. Republicans will have an exceedingly narrow majority, 220-215, leaving Johnson little margin for error as he tries to win the speaker's gavel.

One House Republican, Rep. Andy Harris of Maryland, criticized Republicans for the deficit spending in the bill and said he was now “undecided” about the GOP leadership. Others are signaling unhappiness with Johnson as well.

Yet Trump's last-minute debt limit demand was almost an impossible ask, and Johnson had almost no choice but to work around that pressure. The speaker knew there wouldn’t be enough support within the slim Republican majority alone to pass any funding package because many Republican deficit hawks prefer to cut the federal government and would not allow more debt.

Instead, the Republicans, who will have full control of the White House, House and Senate in the new year, with big plans for tax cuts and other priorities, are showing they must routinely rely on Democrats for the votes needed to keep up with the routine operations of governing.

The federal debt stands at roughly $36 trillion, and the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will exceed spending on national security. The last time lawmakers raised the debt limit was June 2023. Rather than raise the limit by a dollar amount, lawmakers suspended the debt limit through Jan. 1, 2025.

There is no need to raise that limit right now because the Treasury Department can begin using what it calls “extraordinary measures” to ensure that America does not default on its debts. Some estimate these accounting maneuvers could push the default deadline to the summer of 2025. But that’s what Trump wanted to avoid because an increase would be needed while he was president.

GOP leaders said the debt ceiling would be debated as part of tax and border packages in the new year. Republicans made a so-called handshake agreement to raise the debt limit at that time while also cutting $2.5 trillion in spending over 10 years.

It was essentially the same deal that flopped Thursday night — minus Trump’s debt demand. But it's far smaller than the original deal Johnson struck with Democratic and Republican leaders — a 1,500-page bill that Trump and Musk rejected, forcing him to start over. It was stuffed with a long list of other bills — including much-derided pay raises for lawmakers — but also other measures with broad bipartisan support that now have a tougher path to becoming law.

Trump, who has not yet been sworn into office, is showing the power but also the limits of his sway with Congress, as he intervenes and orchestrates affairs from Mar-a-Lago alongside Musk, who is heading up the new Department of Government Efficiency.