Janet Yellen has told Sky News the United States can “certainly” afford to support wars on two fronts, as the conflict between Israel and Hamas threatens stability in the Middle East and the US continues to back Ukraine’s fight against Russia.
Talking exclusively to Wilfred Frost ahead of a meeting of finance ministers in Luxembourg, the US Treasury secretary said the economy and public finances were in good shape to ensure backing for US interests abroad.
She said it remained too early to understand the economic ramifications of the latest conflict, with oil and natural gas prices remaining volatile amid growing concerns of a wider war in the Middle East.
Those elements were key factors behind the energy-driven cost of living crisis that started facing Western economies last year.
“We do need to come up with funds, both for Israel and for Ukraine. This is a priority”, Ms Yellen said.
“It’s really up to the House to find, seat a speaker and to put us in a position where legislation can be passed.”
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Palestinian PM: ‘We are not animals’
She added: “We stand with Israel. America has also made clear to Israel, we’re working very closely with the Israelis, that they have a right to defend themselves. But it’s important to try to spare innocent civilian lives to the maximum extent possible.
“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia.”
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‘There is no humanitarian crisis in Gaza’
Ms Yellen’s remarks followed her visit to the IMF/World Bank conference in Morocco last week when the much-discussed topic was the potential ramifications of the Israel-Hamas conflict.
Iran has warned Israel against a full-scale ground operation in Gaza in response to the Hamas incursion over a week ago.
Foreign minister Hossein Amir-Abdollahian said his country could not remain an observer in that event.
“If the Zionist aggressions do not stop, the hands of all parties in the region are on the trigger,” he said.
When asked if there was more that the US Treasury could do to pressure Iran from not getting involved in the war, Ms Yellen responded: “I know that there are diplomatic conversations that are taking place. But I’m not going to go into details about them.”
Donald Trump has announced he will award Rudolph Giuliani the Presidential Medal of Freedom, a day after the former New York mayor and political ally was seriously injured in a traffic accident.
The medal is the nation’s highest civilian honour.
In a statement on social media on Monday, Mr Trump described Mr Giuliani as “the greatest mayor in New York City’s history and an equally great American patriot”.
Mr Giuliani has been celebrated for his leadership after the September 11 attacks but has also drawn controversy for his strong support of Mr Trump.
As the president’s lawyer, he became a central figure in efforts to overturn the 2020 election.
Image: Rudy Giuliani attended Donald Trump’s inauguration ceremony in January. Pic: Julia Demaree Nikhinson/Pool via Reuters
He suffered “a fractured thoracic vertebrae, multiple lacerations and contusions, as well as injuries to his left arm and lower leg”, according to Michael Ragusa, Mr Giuliani’s head of security.
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His vehicle was struck from behind while driving on a highway near Manchester, New York, on Saturday evening.
“He sustained injuries but is in good spirits and recovering tremendously,” Mr Ragusa said in a statement on X, adding: “This was not a targeted attack.”
Mr Giuliani was in a rental car and “no one knew it was him”, according to Mr Ragusa.
Image: Rudy Giuliani has drawn controversy over his efforts to overturn the 2020 election. Pic: Ted Shaffrey/AP
His head of security said the former mayor had been “flagged down by a woman who was the victim of a domestic violence incident” and contacted police on her behalf. The crash was “random and unrelated” to the domestic violence incident, Mr Ragusa said.
Mr Giuliani, 81, is expected to be released from hospital in a few days.
His son, Andrew Giuliani, thanked people for reaching out after hearing about his father’s accident, writing on X: “Your prayers mean the world.”
“As a son, I can tell you that I’m honored to have a Dad that I can call the toughest SOB I’ve ever seen,” he added.
Turbulent years
The crash on Saturday comes after several turbulent years for Mr Giuliani, who earned the nickname “America’s mayor” for his leadership in New York following the9/11 attacks in 2001.
He sought the Republican nomination for the 2008 presidential election but ultimately dropped out and endorsed John McCain.
However, Mr Trump’s legal team lost numerous lawsuits alleging fraud, and multiple recounts, audits, and reviews of the 2020 election uncovered no evidence of significant wrongdoing or error.
Two Georgia election workers won a defamation lawsuit against Mr Giuliani after he falsely accused them of helping to rig the presidential election. He was ordered to pay $148m (£118m) in damages.
A man has been found dead “in a pool of blood” at the Burning Man festival in Nevada, officials say.
The man’s body, described as a white adult, was found “lying on the ground” after 9pm on Saturday at the art and music festival in the Black Rock Desert, roughly 110 miles north of Reno, the Pershing County Sheriff’s Office said.
They said he was discovered while the festival’s large wooden effigy of a man at the centre of the festival was engulfed in flames – a tradition during the annual event.
Officials said a festival goer flagged down a sheriff’s deputy and reported seeing “a male subject lying in a pool of blood”.
The sheriff’s office set up a perimeter at the scene and has been treating it as a homicide, interviewing several participants.
The body, which has not been identified, was taken to a medical examiner’s office, while the festival continues until 6pm local time on Monday (2am Tuesday UK time).
“Although this act appears to be a singular crime, all participants should always be vigilant of their surroundings and acquaintances,” the sheriff’s office said.
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Officials say the crime scene is being preserved, but that the case is a “complicated investigation” as the makeshift Black Rock City where the event is located will be gone by the middle of the week.
Burning Man organisers said they were cooperating with law enforcement and asked participants not to interfere with their investigation.
“The safety and well-being of our community are paramount,” their statement said, adding that support services, including a crisis support team, were available and participants had access to free Wi-Fi if they need to communicate with loved ones.
Burning Man is a celebration of self-expression that culminates in the ceremonial burning of its towering 40ft effigy.
Its origins can be traced back to the incineration of an eight-foot wooden “man” on San Francisco’s Baker Beach in 1986, which eventually evolved into an annual gathering in the Black Rock Desert.
Another week, another mass shooting in the US – a country with more guns than people.
Will anything stop the annual mass murder of sons, daughters, mothers, and fathers by firearm?
Martha Kelner speaks to a survivor of the 2016 Pulse nightclub mass shooting that killed 49 people. And then she speaks to one of the most conservative politicians in the country – who wants more guns in circulation and doesn’t feel gun laws are loose enough.