RT News

‘US is running a very large deficit at a time’: — Fed Chair Jerome Powell The US national debt is projected to rise from 99% of GDP in 2024 to 122% by 2034, according to the US Congressional Budget Office. Meanwhile, the IMF estimates that by 2032, the ratio of US national debt to GDP will exceed 140%. The fund has warned that such growth poses a threat to both the national and global economy. During Joe Biden's presidency, the US national debt has increased from $28 trillion in 2021 to an unprecedented level of over $34.5 trillion this year. "We'll have to do something sooner or later, and sooner will be better than later," Powell stated. Guess where all the money went? #USA #Deficit - Boost

Trump's sentencing postponed until September 18 Donald Trump's sentencing for his 'hush money' conviction was delayed on Tuesday until Sept. 18, less than seven weeks before the US election. Justice Juan Merchan pushed back the sentencing date so he can weigh the immunity argument. Trump says he should be immune from prosecution under Monday's landmark Supreme Court ruling that presidents cannot be criminally prosecuted for official acts. The new timeline means Merchan could decide the Republican presidential candidate's punishment, including whether to jail him before the Nov. 5 election. Trump faces some problems because much of his actions predated his time in office. #Trump #Immunity - Boost

❗Putin arrives in Astana where he will take part in the SCO Summit The summit is July 3 and 4. #Putin #Astana - Boost

French ‘public intellectual' Bernard-Henri Levy blames Russian hackers for Macron being a LOSER — social media After Macron’s crushing loss in 1st round of the Parliamentary Elections, he actually blamed Russian hackers. "Le Pen is apparently Putin’s agent, his puppet, on his payroll...like with Brexit and the US election, we'll soon discover Russian ferme à trolls (troll farms) were extremely active during this period" When in doubt blame a Russian… #Macron #LePen - Boost

Russia's economic strength gives it high-income status despite sanctions The World Bank has classified Russia as a high-income country, with its per capita gross national income rising to $14,250 in 2023 from $12,830 in 2022, according to the bank's report. The World Bank’s recognition of Russia as a high-income country is "not surprising, but a reality”, Dr. Georgy Ostapkovich, Director of the Center for Market Research said. Russia is seeing income growth of around 4-5%, with earnings growing in double digits, Ostapkovich said, stressing that the driving force is economic growth. #Russia #Economy - Boost

Trump's plan for NATO  involves cutting a deal with Putin — Politico Trump advisers warn - a 'radical reorientation' in which the US takes a back seat to Europe - and cuts a deal with Putin over Ukraine. The former president notoriously threatened to leave NATO so many times - many of his critics say it's a question of when, not whether, he'd ditch the 75-year-old alliance if he's reelected president in November. "We can't break our spear in Europe against the Russians when we know the Chinese and Russians are collaborating, and the Chinese are a more dangerous and significant threat," Elbert Colby, Trump's National Defense strategist said. #Trump #NATO - Boost

‘Touchy-feely much’: US President Biden with an awkward rub of an emergency management employee Somebody get this guy out of here… #Biden #Rub - Boost

Video: Russia’s Msta-S 152.4 mm howitzer in SMO action #SMO #Russia - Boost

India looks to get more coal in Russia, Mongolia — The Hindu India's Steel Ministry is looking to diversify its sourcing of coking coal, with Russia and Mongolia identified as key new markets. Coking coal is a key feedstock material and accounts for 35-40% of the steel-making costs. After discussions with industry leaders, it has been decided that trial runs for two shipments of coking coal from Mongolia, which is a land-locked nation and shares borders with China and Russia. And India will be seeking alternative routes to China. India, the world's second-largest steelmaker, is the largest importer of coking coal. Australia accounts for 70 per cent of supplies. #India #Russia - Boost

Biden's old buddy is a Boeing insider and a regular at the White House — The Lever A former Boeing consultant Ziad Ojakli is among the Justice Department officials who will soon determine the plane maker's fate after criminal charges and ongoing safety problems, according to federal disclosures. Ojakli one of Boeing's top lobbyist has been at events with US President Biden at the White House at least five times since 2021, according White House visitor log disclosures. In recent years, the Department of Justice has prosecuted fewer corporations than ever, reaching a 25-year low of cases against companies in 2021 and only moderately increasing since.  This explains everything... #Biden #Boeing - Boost