President Joe Biden is calling for more transparency in the effort to find the origins of COVID-19.
Earlier this month the House of Representatives approved the COVID-19 Origins Act in a 419-0 vote. It was signed by Biden on Monday.
"I shared the Congress' goal of releasing as much information as possible about the origin of Coronavirus Disease 2019," he put out in a statement. "My administration will continue to review all classified information relating to COVID-19's origins, including potential links to the Wuhan Institute of Virology."
Last month, a report from the Energy Department on the origins of the virus added to the split on findings between multiple agencies. It posited, with low confidence, that the outbreak likely originated from a lab in China. The Wall Street Journal was first to report.
China disagreed with the report, and the country's foreign ministry spokesperson Mao Ning said, "Certain parties should stop rehashing the 'lab leak' narrative, stop smearing China, and stop politicizing origins-tracing."
The UN, which had been coordinating a global health response to the pandemic and implementing policies to mitigate the spread of COVID-19 and future viruses, said that its own investigation was ongoing.
And in the U.S. the FBI had for some time speculated that the outbreak started in a Wuhan lab, while the CIA had not reached a conclusion on the matter.
"We need to get to the bottom of COVID-19's origins to help ensure we can better prevent future pandemics," Biden added in his statement.
For President Donald Trump, tariffs — or the threat of them — can bend nations to his will.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
