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Shaming Biden and slashing budgets: Republicans and Democrats accuse each other of dissing Israel
WASHINGTON (JTA) — As the 2024 election gets into gear, both Republicans and Democrats are again using Israel as a wedge issue.
A lot has changed in both countries since the last presidential election, but in the halls of Congress, the battle over Israel is playing out in familiar ways.
Republicans have accused President Joe Biden of snubbing Israeli Prime Minister Benjamin Netanyahu, whom he has yet to invite to the White House amid policy disagreements. Democrats, meanwhile, say that the Republicans’ proposed spending cuts endanger foreign aid to Israel.
And leaders of both parties have indicated that, even amid a high-states fight over the debt ceiling, displaying support for Israel remains a priority. Rep. Kevin McCarthy, the Republican House speaker, took time this week to lead a bipartisan delegation to Israel, where he addressed the Knesset.
That was just a week after Rep. Hakeem Jeffries, the Democratic minority leader from New York, led his own delegation to the country, and laid a wreath to mark its Memorial Day. Also visiting the country recently to demonstrate his support: Florida Gov. Ron DeSantis, who is expected to launch his bid for the GOP presidential nomination this month.
Hakeem Jeffries, center, the New York Democrat who is the House minority leader, lays a wreath on Israel’s Memorial Day in Latrun, Israel, April 25, 2023. (Office of Hakeem Jeffries)
McCarthy’s speech in Israel’s parliament was nonpartisan, but his remarks to reporters were less so. McCarthy told Israel Hayom, a right-leaning tabloid, that Biden was wrong not to invite Netanyahu to Washington, saying Netanyahu has waited “too long” since returning to office in December.
“If that doesn’t happen, I’ll invite the prime minister to come meet with the House,” McCarthy said. “He’s a dear friend, as a prime minister of a country that we have our closest ties with.”
Amir Ohana, the speaker of Knesset and a member of Netanyahu’s Likud Party, had hinted that his invitation to McCarthy was a sort of rebuke to Biden. The U.S. president has indicated that he is not interested in seeing Netanyahu until the Israeli leader limits the influence of his far-right coalition partners, and walks back his controversial effort to weaken Israel’s judiciary. Biden has said the judicial overhaul would undercut Israel’s democracy.
As McCarthy was getting ready to leave Israel, Rep. Debbie Wasserman Schultz, a senior Democrat, was telling colleagues that Republican budget maneuvers were imperiling U.S. assistance to Israel.
Wasserman Schultz’s warning came after House Republicans, voting on party lines, passed a debt limit bill that would curb and then reduce government spending. What, exactly, the bill proposes to cut and keep is not clear. But Wasserman Schultz, a Jewish representative from South Florida, said that the bill’s language mandates cuts across all non-defense spending, including foreign aid. That means, she said, that the $3.3 billion Israel gets annually in defense assistance could be reduced by as much as $726 million.
“That puts Israel’s security at risk,” Wasserman Schultz told the Jewish Telegraphic Agency. “Without any specificity or explicit protection we can’t be sure that Israel is safe.”
McCarthy has pitched the debt limit bill as an opening gambit: It has no chance of advancing as is in the Democratic-led Senate, and McCarthy has said he will get to specifics once negotiations start. Legislation is needed to lift the amount the government is able to borrow, or it could risk a default on its debt.
On Sunday, a McCarthy spokesperson told JTA that security assistance to Israel would remain untouched, and McCarthy made the pledge explicit in his Knesset speech the following day. “As long as I am Speaker, America will continue to support full funding for security assistance in Israel,” he said.
In some ways, this week’s debate mirrors the way Israel was discussed in 2011, the last time a Democratic president was up for reelection as Republicans controlled the House. Back then, Republicans chided President Barack Obama for being insufficiently friendly to Israel, while Democrats warned that Republican spending cuts would harm aid to Israel.
But Wasserman Schultz said that in one respect, that year’s Republican spending bill was not as risky for Israel. Before the 2010 election,Rep. Eric Cantor, a Jewish Republican, pledged that Israel spending was sacrosanct, and the Republicans’ subsequent bill said that aid to Israel would not be reduced.
“They have nothing in that bill with specificity that ensures that foreign aid to Israel will be protected,” Wasserman Schultz said regarding this year’s spending bill.
Wasserman Schultz hasn’t been the only one to seek assurances that aid to Israel would be left alone. The American Israel Public Affairs Committee, the pro-Israel lobby, has also asked that Israel cuts be taken off the table.
“We are continuing our work with congressional leaders to ensure full funding of security assistance to Israel, without additional conditions,” Marshall Wittmann, AIPAC’s spokesman, told JTA. “This is a top legislative priority, as it is in the security interests of the U.S and our ally Israel, and we are pleased that many members of Congress have already written senior members of the Appropriations Committee in support of this funding.”
Wasserman Schultz said that while she welcomed McCarthy’s reassurance on Israel, she worries that Republican cuts could impact foreign aid overall. AIPAC and other pro-Israel groups have also said that foreign aid generally — not just to Israel — is essential to preserving U.S. influence internationally.
“Words matter but the actions in the House Republican Default on America bill that passed the House doesn’t match the rhetoric,” she said in a text message on Monday, using a derisive name for the Republican bill. “But even if his Caucus allows him to follow through on those words, the drastic cuts called for in the Default on America Act would decimate support for our partners and diplomatic efforts in the region and undercut Israel’s overall security.”
Asked in Jerusalem about the debt limit negotiations, McCarthy said that in at least one respect, he and the prime minister were in the same boat.
“The president still hasn’t talked to me,” he said, just hours before Biden invited him to the White House to launch debt limit negotiations. “I’m a little like Netanyahu.”
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The post Shaming Biden and slashing budgets: Republicans and Democrats accuse each other of dissing Israel appeared first on Jewish Telegraphic Agency.
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Somalia’s South West State Says It Has Severed Ties With the Federal Government
FILE PHOTO: Somalia’s presidential candidate of South West state Abdiaziz Hassan Mohamed speaks inside the Somali Parliament house in Mogadishu, Somalia April 30, 2018. Photo: REUTERS/Feisal Omar/File Photo
Somalia’s South West state said on Tuesday it was suspending all cooperation and relations with the government in Mogadishu, the latest sign of strain in the Horn of Africa country’s fragile federal system.
At a press conference, South West officials accused the federal government of arming militias and trying to unseat the state’s president, Abdiaziz Hassan Mohamed Laftagareen. Somalia’s defense and information ministers did not respond to Reuters’ requests for comment.
Disputes over constitutional changes, elections and the balance of power between Mogadishu and regional administrations repeatedly open up political fault lines in Somalia. The South West administration says relations with Mogadishu worsened after the federal government pushed through constitutional amendments opposed by some state leaders.
Travel agencies told Reuters on Tuesday that commercial flights between Mogadishu and Baidoa, the administrative capital of South West state, had been halted. Humanitarian flights, including for United Nations operations, were continuing. Baidoa, which lies about 245 km (150 miles) northwest of Mogadishu, is a politically and militarily sensitive city because it hosts federal troops, regional security forces and international humanitarian operations in a zone affected by drought, conflict and displacement.
The Mogadishu government’s relations with other states have also been fraught. Somaliland declared independence in 1991 and has long been outside Mogadishu’s control. The administration of semi-autonomous Puntland said in March 2024 it would no longer recognize the federal government until disputed constitutional amendments were approved in a nationwide referendum.
Semi-autonomous Jubbaland suspended ties with Mogadishu in November 2024 in a dispute over regional elections.
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Report: Iran Sees Control of Strait of Hormuz as Victory Over US, Israel
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Photo: REUTERS/Benoit Tessier/File Photo
i24 News – Iran is showing no indication it is ready to end the war with the United States and Israel, as officials say Tehran is relying on its control over the Strait of Hormuz to increase global economic pressure and strengthen its position.
According to regional officials cited by The Washington Post, Iran is rejecting diplomatic efforts to identify an off-ramp and instead escalating attacks on neighboring countries. An Iranian diplomat said the strategy is to “make this aggression super expensive for the aggressors,” as Tehran faces sustained military pressure.
The Strait of Hormuz remains central to Iran’s calculations. The waterway carries roughly one-fifth of global fuel shipments, and its partial closure has disrupted energy markets. US President Donald Trump issued a 48-hour deadline for Iran to reopen the route, warning of further escalation if it does not comply.
Iranian officials and diplomats said the leadership views its ability to maintain pressure through the strait as a short-term success, even as infrastructure damage mounts. “They don’t feel any pressure to negotiate,” one European diplomat based in the Gulf said, adding that Iran sees its influence over oil markets as a form of leverage.
At the same time, efforts to mediate a ceasefire have so far failed. Officials from Qatar and Oman approached Iran last week, but Tehran said it would only engage if US and Israeli strikes stopped first. An Iranian diplomat said the country would not accept a “premature ceasefire” and is seeking guarantees, including compensation and commitments to prevent future attacks.
The war has already caused significant damage. The Pentagon says more than 15,000 targets have been struck across Iran, while Iranian authorities report over 1,200 civilian deaths. The conflict has also expanded regionally, with Iranian strikes targeting energy infrastructure in Gulf states following attacks on its own facilities.
Despite mounting losses, analysts say Iran’s leadership believes prolonging the conflict could shift pressure onto Washington and its allies through rising energy prices and regional instability. “We’re still on an escalatory path,” said Alan Eyre, a former US official, adding that Tehran is attempting to “up the costs” rather than move toward negotiations.
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Persistent Iran War, Energy Price Surge Set to Sway Wavering Stocks
Stock ticker. Photo: Ahmad Ardity/Wikimedia Commons.
A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued to developments in Iran and the fallout from surging energy prices.
As the US-Israeli war on Iran stretches to three weeks, an over 40% jump in oil prices is driving worries about higher inflation and stagnating economic growth.
Inflationary concerns on Friday were prompting markets to rule out any equity-friendly interest rate cuts this year, which investors previously had been counting on, with futures trading instead suggesting modest chances of hikes in 2026. Federal Reserve Chair Jerome Powell expressed deep uncertainty at the US central bank’s meeting on Wednesday about how the crisis would factor into the economy, muddying its ability to forecast conditions ahead.
US stocks suffered sharp declines to end the week. The benchmark S&P 500 stock index posted its fourth straight weekly decline and hit a six-month low, while the Nasdaq Composite ended down nearly 10% below its October all-time high.
Middle East tensions escalated this week. Iran attacked energy facilities across the region following Israel’s strike on its gas field, while officials told Reuters on Friday that the US military is deploying thousands of Marines to the Middle East.
“This is a situation that’s so fluid,” said Chris Fasciano, chief market strategist at Commonwealth Financial Network. “We could have a resolution in the next week or it could go on for some time. And the longer it goes on, you start to think about the impacts it could have on the US economy.”
WATCHING OIL, STOCKS’ ‘ORDERLY’ REACTION
Swings in crude prices have rippled through asset classes. US crude settled around $98 a barrel on Friday, while Brent ended around $112. In addition to the attacks on energy infrastructure, traffic has stalled in the Strait of Hormuz, through which around a fifth of the world’s crude oil and liquefied natural gas normally passes.
The 20-day correlation between the S&P 500 and US crude stood at -0.89 late on Friday, according to LSEG data, a strong inverse relationship that showed they have tended to move in opposite directions.
“If you’re a trader, you watch oil prices because I do think that that’s generally giving the leading indicator as to how the financial markets are viewing the outlook for the conflict,” said Eric Kuby, chief investment officer at North Star Investment Management Corp.
The S&P 500 energy sector, which includes shares of oil companies, has gained since crude prices began to spike in late February, but the group accounts for less than a 4% weight in the benchmark index.
The latest declines left the S&P 500 down 6.8% from its record closing high set in late January. The pullback has mostly lacked the chaotic quality of the abrupt equity slide last April following President Donald Trump’s “Liberation Day” tariff announcement that set off broad economic worries, Fasciano said.
“This has been fairly orderly, which I think is an encouraging sign,” Fasciano said. “And I think it’s because the underlying fundamentals for corporate America are still fairly robust and are offering some support.”
TREASURY YIELDS, MARKET TECHNICALS ALSO IN FOCUS
Fast-climbing Treasury yields, driven higher by the energy price spike and caution from global central banks, were looming as a risk factor for stocks. The benchmark 10-year Treasury yield was last at 4.38% on Friday, its highest level since last summer.
Keith Lerner, chief investment officer at Truist Advisory Services, said he was watching whether the 10-year Treasury yield sustainably rises above 4.3%, which could increase pressure on stocks, while he was also eyeing 4.5% as a key level.
“Rates going higher means borrowing costs are somewhat higher. And then that could actually slow the economy,” Lerner said. “At some point, if they keep going higher, then the relative attractiveness of (bond) yields becomes more attractive relative to equities.”
Stocks were also around key technical levels. The S&P 500 on Thursday closed below its 200-day moving average — a closely watched long-term trendline — for the first time since May. With another decline on Friday, the index ended at its lowest point since September and fell below November lows that strategists had also identified as worrisome levels.
Reports on manufacturing, services activity and consumer sentiment highlight a relatively light week ahead for US economic data. A major energy conference in Houston that will feature top global industry executives could draw Wall Street’s attention.
Events in Iran were likely to loom largest. In a note on Thursday morning, analysts at UBS Global Wealth Management said the latest developments were “pushing markets to price in a higher risk of prolonged conflict, deeper infrastructure damage and higher-for-longer crude prices.”
“While a less damaging outcome in the Strait of Hormuz remains possible, recent events have narrowed that path and heightened the risk of continued volatility,” the UBS analysts said.