Tag: us president joe biden

Joe Biden Day 1: This is what the 46th US President has inherited economically

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

As Joe Biden was sworn in as the 46th president of the United States, stocks rallied to record highs on Wall Street with continued optimism that the new leadership in Washington will mean more support for the struggling economy.

Asian shares, in turn, too rose on Thursday with the Sensex hitting 50,000.

Hopes are high that President Joe Biden’s administration will mean more support for the struggling U.S. economy, setting off a recovery that’s crucial for the global markets as a whole.

So, what has the Biden administration inherited and what are its challenges economically?

CNBC-TV18’s Prashant Nair finds out.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Joe Biden takes oath as 46th US President amidst unprecedented security

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Joe Biden was sworn in as the 46th President of the United States on Wednesday in a historic but scaled down ceremony under the unprecedented security umbrella of thousands of security personnel, who transformed the Capitol into a fortress to prevent any breach by pro-Trump extremists. The 78-year-old veteran Democratic leader was administered the oath of office by Chief Justice John Roberts at the West Front of the Capitol – the traditional location for presidential inaugural ceremonies.

The inauguration was held under the unprecedented security umbrella of more than 25,000 National Guards, who have transformed the capital into a garrison city, mainly because of the threat of more violent protests by the supporters of outgoing President Donald Trump, who became the first president to skip his successor’s inauguration since Andrew Johnson in 1869. Biden, who is the oldest president in American history, took the oath by placing his left hand on his 127-year-old family Bible, which was held by his wife, Jill Biden. He used the same Bible during his swearing in as vice president and seven times as senator from Delaware.

Catch all the updates from the Joe Biden and Kamala Harris’ inauguration here. 

The ceremony was attended by former presidents Barack Obama, George W Bush and Bill Clinton. Former first ladies Michelle Obama, Laura Bush and Hillary Clinton were also present. Biden enters the White House with the top challenge to lift the country from the devastation of a raging pandemic that has killed more than 400,000 Americans and thrown millions into economic distress. Revival of the economy, which has been badly bruised by the pandemic, is another challenge that he faces.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow