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Biden aims to deliver reassurance in State of Union address

WASHINGTON (AP) — President Joe Biden is ready to offer a reassuring assessment of the nation’s condition rather than roll out flashy policy proposals as he delivers his second State of the Union address seeking to overcome pessimism in the country and concerns about his own leadership.

His speech before a politically divided Congress comes Tuesday night as the nation struggles to make sense of confounding cross-currents at home and abroad — economic uncertainty, a wearying war in Ukraine, growing tensions with China among them — and warily sizes up Biden’s fitness for a likely reelection bid.

The president will stand at the House rostrum at a time when just a quarter of U.S. adults say things in the country are headed in the right direction, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. About three-quarters say things are on the wrong track. And a majority of Democrats don’t want Biden to seek another term.

Biden will aim to confront those sentiments head on, aides said, while at the same time trying to avoid sounding insensitive to Americans’ concerns.

Brian Deese, director of the National Economic Council, said Biden would “acknowledge and meet American people where they are,” adding that their “economic anxiety is real.”

“I think the core message is: We have to make more progress, but people should feel optimism,” he added.

Chapman University presidential historian Luke Nichter said the closest parallel to Biden’s present circumstance may be the 1960s, when global uncertainty met domestic disquiet. Biden, he said, has an opportunity to be a “calming presence” for the country.

“Usually we’re looking for an agenda: ‘Here’s what he plans to do.’ I don’t know that that’s really realistic,” Nichter said. “I think Americans’ expectations are pretty low of what Congress is actually going to achieve. And so I think right now, sentiment and tone, and helping Americans feel better about their circumstances, I think are going to go a long way.”

The setting for Biden’s speech will be markedly different than a year ago, when it was Democratic stalwart Nancy Pelosi seated behind him as speaker. She’s been replaced by GOP House Speaker Kevin McCarthy, and it’s unclear what kind of reception restive Republican will give the Democratic president.

With COVID-19 restrictions now lifted, the White House and legislators from both parties are inviting guests designed to drive home political messages with their presence in the House chamber. The parents of Tyre Nichols, who was severely beaten by police officers in Memphis and later died, are among those expected to be in the audience.

Biden is shifting his sights after spending his first two years pushing through major bills such as the bipartisan infrastructure package, a bill to promote high-tech manufacturing and climate legislations. With Republicans now in control of the House, Biden is turning his focus to implementing the massive laws and making sure voters credit him for the improvements rather than crafting major new initiatives.

It’s largely by necessity. Biden faces a newly empowered GOP that is itching to undo many of his achievements and vowing to pursue a multitude of investigations — including looking into the recent discoveries of classified documents from his time as vice president at his home and former office.

At the same time, Biden will need to find a way to work across the aisle to raise the federal debt limit by this summer and keep the government funded. Biden has insisted that he won’t negotiate on meeting the country’s debt obligations; Republicans have been equally adamant that Biden must make spending concessions.

One the eve of the president’s address, McCarthy challenged Biden to come to the negotiating table with House Republicans to slash spending as part of a deal to raise the debt ceiling.

“Mr. President, it’s time to get to work,” McCarthy said in remarks from the speaker’s balcony at the Capitol.

While hopes for large-scale bipartisanship are slim, Biden was set to reissue his 2022 appeal for Congress to get behind his “unity agenda” of actions to address the opioid epidemic, mental health, veterans’ health and fighting cancer.

The speech comes days after Biden ordered the military to shoot down a suspected Chinese spy balloon that flew brazenly across the country, captivating the nation and serving as a reminder of tense relations between the two global powers.

Last year’s address occured just days after Russia launched its invasion of Ukraine and as many in the West doubted Kyiv’s ability to withstand the onslaught. Over the past year, the U.S. and other allies have sent tens of billions of dollars in military and economic assistance to bolster Ukraine’s defenses. Now, Biden must make the case — both at home and abroad — for sustaining that coalition as the war drags on.

“The president will really want to reinforce just what a significant accomplishment has already been achieved and then to reinforce how much more has to be done, how we are committed to doing it, and how we will ask for a bipartisan basis the U.S. Congress to join us in doing that work,” national security adviser Jake Sullivan said Monday.

While COVID-19 has eased at home, Biden will turn his sights to other national ills, including the deadly opioid epidemic, gun violence and police abuses.

The president spent much of the weekend into Monday reviewing speech drafts with aides at the Camp David presidential retreat in Maryland.

Senior White House adviser Anita Dunn will preview broad themes of Biden’s address to Democratic lawmakers throughout the day on Tuesday, starting with a breakfast with House Democrats on Capitol Hill.

McCarthy called on Biden to embrace the Republican effort to put the nation’s finances on a path toward a balanced budget, which would require deep and politically unpopular reductions in federal spending that Biden and Democrats have vehemently resisted.

“We must move towards a balanced budget and insist on genuine accountability for every dollar we spend,” McCarthy said.

He insisted cuts to Medicare and Social Security, the popular health and retirement programs primarily for older Americans, were “off the table” in any budget negotiation. The GOP leader also said “defaulting on our debt is not an option.”

The White House has insisted Republicans cannot be trusted to protect the programs and blasted Republicans for “threatening to actively throw our economy into a tailspin with a default” by putting conditions on the debt limit.

___

AP Congressional Correspondent Lisa Mascaro contributed to this report.

___

Follow AP’s coverage of the State of the Union address at: https://apnews.com/hub/state-of-the-union-address

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One civilian killed in Russian shelling of Donetsk region

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The Russian military killed one particular civilian in Donetsk area on February 6.

Pavlo Kyrylenko, head of the Donetsk regional armed forces administration, explained this in a Telegram put up, Ukrinform experiences.

“On February 6, it was set up that Russians killed a further resident of Donetsk region – in Bakhmut. 5 a lot more people today in the area were wounded,” he wrote.

Read also: Russian troops shell a few communities in Sumy area on Monday

He observed that it is at present unachievable to build the correct quantity of victims in Mariupol and Volnovakha.

As documented, on February 6, the enemy launched six missile assaults, 24 air strikes, and 75 assaults using a number of launch rocket devices, in distinct, on civilian objects in Kharkiv, Donetsk, Dnipropetrovsk and Kherson regions. There were casualties between the civilian population.

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Ukrainian defense forces eliminate 1,030 invaders over past day

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The Armed Forces of Ukraine eliminated practically 133,190 Russian troops in Ukraine from February 24, 2022 to February 7, 2023, together with 1,030 Russian soldiers in excess of the past day alone.

The Standard Staff members of the Armed Forces of Ukraine mentioned this in a post on Fb, in accordance to Ukrinform.

The enemy’s total battle losses contain also 3,245 tanks (+14 around the earlier day), 6,443 armored staff motor vehicles (+28), 2,232 artillery programs (+1), 461 multiple start rocket units, 227 air defense methods, 294 planes, 284 helicopters, 5,107 autos (+3), 18 warships/boats, 1,958 unmanned aerial autos, 208 distinctive devices units (+5). A overall of 796 enemy cruise missiles were shot down.

As reported, the Air Pressure of Ukraine launched nine strikes on the areas of focus of Russian personnel and military services tools, as perfectly as two strikes on the positions of their anti-plane missile devices.

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Asia stocks steady, dollar firm as investors consider higher rate outlook

2023-02-07T06:01:17Z

People walk past an electric board showing Nikkei index at a business district in Tokyo, Japan December 20, 2022. REUTERS/Kim Kyung-Hoon

Asian share markets mostly stabilised on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects for interest rates to remain higher for longer in many developed economies.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.4%, after U.S. stocks ended the previous session with mild losses.

Australia’s S&P/ASX200 (.AXJO) was trading higher ahead of the Reserve Bank’s decision but slid into negative territory after the official cash rate was raised by 25 basis points. The benchmark index closed down nearly 0.5%.

Japan’s Nikkei stock index (.N225) also erased initial gains to ease about 0.1%.

Hong Kong’s Hang Seng Index (.HSI) was trading 0.67% higher and China’s bluechip CSI300 Index (.CSI300) was up 0.07%.

The RBA delivered on expectations to extend its monetary tightening campaign as it ordered a ninth consecutive rate rise.

Australia’s cash rate now stands at 3.35%, the highest in a decade, and the central bank indicated more hikes could not be ruled out.

In early European trades, the pan-region Euro Stoxx 50 futures were up 0.17% at 4,218, German DAX futures were up 0.09% at 15,409, FTSE futures were up 0.09% at 7,815.

U.S. stock futures, the S&P 500 e-minis , were up 0.13% at 4,128.8.

“Sentiment in markets is dominated by central banks and the repricing of rates yet again,” Kerry Craig, JPMorgan Asset Management’s global market strategist, told Reuters.

“Equities have had a strong run since the start of the year so seeing an air pocket emerge now is no major surprise.

“It’s a quiet week for economic data globally and when that is the case uncertainty over interest rates is the dominant theme among investors.”

In the Asian trading session, the yield on benchmark 10-year Treasury notes hit 3.6192% compared with its U.S. close of 3.632% on Monday.

The two-year yield , which rises with traders’ expectations of higher Fed fund rates, touched 4.4267% compared with a U.S. close of 4.456%.

The repricing of higher rates began after strong U.S jobs growth in January, with employment rising 517,000, more than double economists expectations. The unemployment rate hit 3.4%, the lowest in more than 53 years.

Investors will be closely watching a speech by Federal Reserve Chairman Jerome Powell at the Economic Club of Washington later on Tuesday.

Overnight on Wall Street, the Dow Jones Industrial Average (.DJI) fell 0.1%, the S&P 500 (.SPX) lost 0.61% and the Nasdaq Composite (.IXIC) dropped 1%.

“The market has repriced to expect that the Fed Funds rate will peak just above 5% and it now only anticipates very limited rate cuts, just one of 25 basis points by the end of this year,” ANZ economists wrote.

“It’s very clear that sentiment is fragile and data dependent, and this new defensive posture may have further to run near term as risk positions are scaled back.”

The dollar eased 0.28% against the yen to 132.28 , after touching a three-week high of 132.9 during the U.S trading session.

The European single currency was up 0.1% on the day at $1.0739, having lost 1.13% in a month.

The dollar index , which tracks the greenback against a basket of major trading partner currencies, was down marginally at 103.45 from its U.S. trading levels. However, it remains well above its recent low of 101.55 on Feb 3.

U.S. crude ticked up 0.86% to $74.75 a barrel. Brent crude rose to $81.6 per barrel.

Gold was slightly higher. Spot gold was traded at $1873.65 per ounce.


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Numbers drawn for $747 million Powerball jackpot

DES MOINES, Iowa (AP) — The numbers have been drawn for an estimated $747 million Powerball jackpot and players must now wait to learn whether there is a big winner.

The numbers drawn late Monday night were 05, 11, 22, 23, 69 and the Powerball 07.

No one has won the jackpot since Nov. 19, 2022, allowing the prize to grow larger with each of the game’s three weekly drawings. It now stands as the ninth-largest in U.S. history.

Lottery officials normally take hours before announcing whether there has been a winning ticket sold.

The $747 million jackpot is for winners who opt for an annuity paid over 29 years. Higher interest rates have allowed those annuity payments to increase compared with earlier jackpots, when rates were lower.

Most winners prefer cash, which for Monday night’s drawing would be $403.1 million.

The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes drawing more players. That strategy certainly has worked recently, as someone in Maine won a $1.35 billion Mega Millions prize in January and a California player hit a record $2.04 billion Powerball jackpot last November. No one has claimed either of those prizes.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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Intruder breaches base of Air Force One, shot fired

WASHINGTON (AP) — Another intruder has breached the home of Air Force One, one of the nation’s most sensitive military bases, and this time a resident opened fire on the trespasser, Joint Base Andrews said in a statement late Monday.

During the incident, which occurred at about 11:30 a.m. Monday, “a man gained unauthorized access to a JBA housing area,” Joint Base Andrews said in a statement posted to Twitter. “A resident discharged a firearm, security forces arrived on scene to apprehend the intruder and law enforcement is investigating the incident.”

Joint Base Andrews is home to the fleet of blue and white presidential aircraft, including Air Force One, Marine One and the “doomsday” 747 aircraft that can serve as the nation’s airborne nuclear command and control centers if needed.

The Air Force said late Monday it did not have anything to add beyond the Andrews statement about Monday’s intrusion.

It’s not the first time the base’s security has been breached; in February 2021 a man got through the military checkpoint onto the installation, then through additional fenced secure areas to gain access to the flight line and climb into a C-40, which is the military’s 737-equivalent aircraft used to fly government officials.

That intruder was apprehended because the “mouse ears” cap he was wearing struck an observant airman as odd.

An inspector general’s investigation found three main security failings, starting with “human error” by a gate security guard who allowed the man to drive onto the base even though he had no credentials that authorized his access. Hours later, the man walked undetected onto the flight line by slipping through a fence designed to restrict entry. Finally, he walked onto and off a parked airplane without being challenged, even though he was not wearing a required badge authorizing access to the restricted area.

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No, the Pomerantz book isn’t going to derail the Manhattan DA’s prosecution of Donald Trump

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Back when Manhattan District Attorney Alvin Bragg declined to criminally indict Donald Trump last year, and prosecutor Mark Pomerantz quit in protest, it raised some serious questions. Bragg was always going to have to indict Trump eventually, if only to avoid losing reelection in Trump-hating Manhattan. But why did Bragg decline to go with Pomerantz’s case? Did Bragg truly think it was a weak one, or was Bragg just afraid of being the first to indict Trump?

Ten months later, Bragg is finally presenting a criminal case against Donald Trump to a grand jury for indictment – just as Pomerantz is releasing a book about the criminal case that Bragg previously declined to bring against Trump. This raises a new round of serious questions. The timing can’t possibly be a coincidence, right? So did Pomerantz write this book awhile back and sit on it until he learned that Bragg was finally indicting Trump, so Pomerantz could cash in on the media hoopla surrounding the indictment? Or did Bragg decide to indict Trump at this time because he found out that Pomerantz was releasing a book that would make Bragg look bad?

There’s no point in guessing which of these two scenarios is the correct one. But with Pomerantz now doing promotional interviews about the book, every reporter who interviews him should start off by directly asking him to explain the timing of his book. If Pomerantz can give a credible answer about his motivations for releasing the book at this particular time, then the claims that Pomerantz makes in his book can be taken as credible as well. If Pomerantz’s answer about his motivations for the book is a bunch of BS, then the contents of his book should also be treated as BS.

Unfortunately, the mainstream media folks interviewing Pomerantz aren’t going to ask him this question, because the reality is that they’re also busy cashing in on book deals of their own, and they don’t to tip off the public to the fact that the entire realm of politics and political analysis these days is based around everyone trying to position themselves for a book deal. After all, a perfectly executed political book deal can be worth millions of dollars.

But instead of asking Pomerantz about why his book just happens to be coming out at precisely the same time Bragg is leaking that he’s having a grand jury indict Trump, the media is taking a different approach – and one that I should have seen coming. When the folks in the mainstream media and pundit class aren’t busy chasing book deals, they’re doing the other thing that drives the industry: pushing doomsday hysteria in order to boost ratings.

Multiple talking heads on MSNBC have now floated the notion that Pomerantz’s book will derail the Manhattan DA’s current criminal case against Trump. To be clear, Trump’s lawyers will be poring over Pomerantz’s book the minute it’s released, in the hope that Pomerantz has included something that they can use to convince a judge or jury to toss out the charges. While this is always a theoretical risk, you have to believe that Pomerantz – even if his motives for writing this book were indeed about money – is simply too savvy to have needlessly handed Trump this kind of magic wand.

In contrast to the media and pundit realm, where virtually everything is going to be determined by some magic wand move by one side or the other, in reality magic wands do not exist. It’s why almost nothing in politics ever plays out in the manner that the media and pundit class predicts it will. It’s not that the media and pundit class is a bunch of oblivious idiots. It’s just that they know how good doomsday hype is for ratings. And so of course their response to the Pomerantz book is not to do their job of finding out why it’s being released right now, but instead to spin up some doomsday scenario in which the book causes Trump to magically go free.


Keep in mind that the mainstream media and pundit class spent awhile insisting that Donald Trump wasn’t even under criminal investigation. Then when it turned out he’d been under investigation for awhile, the media began insisting that none of those investigations would result in indictments. And now that it’s clear that Trump is going to be indicted in three different jurisdictions, the media is predictably spinning up narratives about why those indictments won’t result in convictions. But since they’ve been (willfully) wrong every step of the way so far, why believe them now?

Donald Trump is going to be criminally indicted on a smorgasbord of felony charges across three different jurisdictions. He’s going to be convicted at trial on most or all of them. He’s going to prison. This has been the obvious outcome all along. Everything else is just the media and pundit class trying to scare you into staying glued to your screens. The Pomerantz book isn’t going to cause Trump to magically go free. Things just aren’t that magically simplistic, anywhere outside of the political pundit bubble.

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Kim Kardashian reportedly earned up to $1 million speaking at a hedge fund conference weeks after speaking at Harvard about her private equity firm

Kim KardashianKim Kardashian’s Skims campaign includes two “The White Lotus” actresses.

Jordan Strauss/Associated Press

  • Kim Kardashian was a speaker at a hedge fund conference in Miami on January 31.
  • She reportedly made around $1 million for speaking at the event, an unnamed source told Page Six. 
  • Kardashian spoke about her private equity firm SKKY partners.

Kim Kardashian reportedly made around $1 million speaking at a hedge fund event in Miami, an unnamed source told Page Six.

The reality star turned business mogul spoke at the iConnections Global conference on January 31 about her private equity firm, SKKY Partners, which launched in October.

Kardashian launched the firm with former Carlyle Group partner Jay Sammons, known for investing in Beats By Dre and Supreme. Kardashian’s mother, Kris Jenner, is also a partner.

The firm will invest in consumer products, media, entertainment, hospitality, and luxury brands. Axios reported  SKKY plans to raise more than $1 billion for its debut fund, which will be put towards investing in or purchasing non-publicly traded companies.

 

Ron Biscardi, CEO of iConnections, a platform that connects allocators with fund managers looking to invest in businesses, did not verify the amount Kardashian made at the event, but said he appearance required two overflow rooms to accommodate all the people who wanted to watch her speak.

“I was happy to see so much support for a female fund manager in an industry dominated by men,”  Biscardi told Page Six. 

SKKY is just one of the multiple brands under Kardashian’s $1.8 billion empire, which includes her skincare line SKKN and her shapewear line, SKIMS. 

In January, Kardashian spoke at Harvard Business School about SKIMS in a lecture for a class called “Moving Beyond Direct to Consumer,” which used the brand — valued at 3.2 billion — as a case study.

Kardashian said she spoke about “our marketing, our challenges, and our greatest wins” in an Instagram post. 

 

SKKY Partners did not immediately respond to Insider’s request for comment.

Read the original article on Business Insider
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Some Adani shares climb, after group“s market losses top $110 bln

2023-02-07T05:09:36Z

Shares of some listed Adani group companies, including its flagship, rose in early trade on Tuesday while others fell further as the reverberations from a U.S. short-seller’s critical report on the Indian conglomerate continued to be felt.

The sell-off was unabated in some companies even as the group announced it is pre-paying $1.11 billion of loans on shares ahead of their maturity in 2024. Adani group’s seven listed companies have lost $110 billion in cumulative stock market value since Hindenburg Research’s report was released on Jan. 24.

The crisis in the group spilled over to the streets on Monday, with hundreds of members of India’s main opposition Congress party protesting and pressing for a probe into Hindenburg’s allegations of stock manipulation and use of tax havens by Adani, which the conglomerate has denied.

Indian bourse National Stock Exchange of India (NSE) revised the maximum daily permissible limit for price moves for Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS) to 5%, according to data on its website on Monday.

Shares of Adani Green Energy, Adani Total Gas Ltd (ADAG.NS), Adani Power (ADAN.NS) were down 5%, while Adani Transmission rose 3.5%.

The group’s flagship company, Adani Enterprises Ltd (ADEL.NS), was up 9.5% and Adani Wilmar (ADAW.NS) gained 5%.

Adani Ports and Special Economic Zone (APSE.NS) also edged up 7.7%.

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The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

An activist of the youth wing of India’s main opposition Congress party holds a placard featuring Gautam Adani, chairman of Adani Group, during a protest against what they say are investments by Life Insurance Corporation (LIC) and State Bank of India (SBI) in Adani Group, in New Delhi, India, February 6, 2023. REUTERS/Adnan Abidi
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Biden 2024? Most Democrats say no thank you: AP-NORC poll

WASHINGTON (AP) — A majority of Democrats now think one term is plenty for President Joe Biden, despite his insistence that he plans to seek reelection in 2024.

That’s according to a new poll from The Associated Press-NORC Center for Public Affairs Research that shows just 37% of Democrats say they want him to seek a second term, down from 52% in the weeks before last year’s midterm elections.

While Biden has trumpeted his legislative victories and ability to govern, the poll suggests relatively few U.S. adults give him high marks on either. Follow-up interviews with poll respondents suggest that many believe the 80-year-old’s age is a liability, with people focused on his coughing, his gait, his gaffes and the possibility that the world’s most stressful job would be better suited for someone younger.

“I, honestly, think that he would be too old,” said Sarah Overman, 37, a Democrat who works in education in Raleigh, North Carolina. “We could use someone younger in the office.”

As the president gives his State of the Union address on Tuesday, he has a chance to confront fundamental doubts about his competence to govern. Biden has previously leaned heavily on his track record to say that he’s more than up to the task. When asked if he can handle the office’s responsibilities at his age, the president has often responded as if he’s accepting a dare: “Watch me.”

Democratic candidates performed better than expected in the 2022 midterm elections, a testament to Biden’s message that he is defending democracy and elevating the middle class. Democrats expanded their control of the Senate by one seat and narrowly lost their House majority even though history indicated there would be a Republican wave.

Overall, 41% approve of how Biden is handling his job as president, the poll shows, similar to ratings at the end of last year. A majority of Democrats still approve of the job Biden is doing as president, yet their appetite for a reelection campaign has slipped despite his electoral track record. Only 22% of U.S. adults overall say he should run again, down from 29% who said so before last year’s midterm elections.

The decline among Democrats saying Biden should run again for president appears concentrated among younger people. Among Democrats age 45 and over, 49% say Biden should run for reelection, nearly as many as the 58% who said that in October. But among those under age 45, 23% now say he should run for reelection, after 45% said that before the midterms.

Linda Lockwood, a Democrat and retiree from Kansas City, Kansas, said she is not that worried about Biden’s age.

“He seems to be in pretty good condition in my opinion and that’s coming from a 76-year-old woman,” Lockwood said. “You might be a little more careful going down the steps as you get older, but if your brain is still working, that’s the important part.”

Already the oldest president in U.S. history, Biden has been dogged by questions about his age as he would be 86 if he serves a full eight years as president. He often works long days, standing for hours, remembering the names of strangers he meets while traveling who want to share a story about their lives with him.

Yet he’s been a national political figure for a half-century, having first been elected to the Senate from Delaware in 1972, and the moments when he appears lost on stage or stumbles through speeches can garner more attention than his policies.

On CNN on Sunday, Transportation Secretary Pete Buttigieg, who sought the Democratic presidential nomination in 2020, acknowledged that “generational arguments can be powerful.”

“The most powerful argument of all is results,” said Buttigieg, 41. “And you can’t argue — at least, I would say you can’t argue with a straight face that it isn’t a good thing that we have had 12 million jobs created under this president.”

Voters like Ross Truckey, 35, have been watching the president carefully. A lawyer in Michigan, Truckey did not vote for Biden or Republican Donald Trump in 2020. He feels as though Biden has been the latest in a string of “subpar” presidents.

“His age and possibly his mental acuity is not where I would want the leader of the country to be,” Truckey said. “He, at times, appears to be an old man who is past his prime. Sometimes I feel a little bit of pity for the guy being pushed out in front of crowds.”

Biden has repeatedly emphasized in speeches that it’s essential for the public to know the totality of what his administration is doing. It’s notched four big legislative victories with coronavirus relief, the bipartisan infrastructure law, the CHIPS and Science Act, and tax and spending measures that help to address climate change and improve the IRS’ ability to enforce the tax code and help taxpayers.

Yet just 13% have a lot of confidence in Biden’s ability to accomplish major policy goals, a possible reflection of the fact that he must now work with a Republican majority in the House that wants to cut spending in return for lifting the government’s legal borrowing authority.

The poll also shows only 23% of U.S. adults say they have “a great deal” of confidence in Biden to effectively manage the White House. That has ticked down from 28% a year ago and remains significantly lower than 44% two years ago, just as Biden took office.

Just 21% have a lot of confidence in Biden’s ability to handle a crisis, down slightly from 26% last March.

On working with congressional Republicans and managing government spending, roughly half of U.S. adults say they have hardly any confidence in the president, and only around 1 in 10 say they have high confidence.

Republican voters are unwilling to give Biden the benefit of the doubt, hurting his ratings.

John Rodriguez, 76, backed Trump and assumes that Biden is merely doing the bidding of his aides. That creates a challenge for a president who promised to unite the country.

“I believe he’s not the one who’s calling the shots,” said Rodriguez, who lives in Cutler Bay, Florida. “He’s a puppet being told where to go, what to say.”

But the key obstacle for Biden might be voters such as Vikram Joglekar, 46, who works in the computer industry in Austin, Texas. He backed the president in 2020, only to summarize his feelings about Biden’s time in office as “meh.”

“It’s not up for me to decide whether someone should run or not,” Joglekar said. “I don’t know who is going to be on the ballot, but I would hope it would be someone better from his party.”

___

The poll of 1,068 adults was conducted Jan. 26-30 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 4.2 percentage points.

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