Updated Apr 26, 2018

Macron takes on climate change mantle in address to Congress

President Macron addressing a joint meeting of Congress on April 25, 2018. Photo: Ludovic Marin/AFP via Getty Images

In one of the more emotional passages of his speech to Congress on Wednesday, French President Emmanuel Macron testified to the critical, existential nature of climate change, calling on President Trump to face the challenge with U.S. allies.

Why it matters: Since Trump announced in June 2017 his intention to eventually withdraw from, or renegotiate, the Paris Agreement, the issue of climate change has offered Macron a way to raise his profile as an international player. Although disappointed by Trump’s position, he has also paradoxically been one of its largest political beneficiaries, assuming for France the climate leadership role that the U.S. has vacated.

Throughout his speech, Macron sought to rise above political divisions on climate change, casting the issue as a generational, rather than partisan, challenge. But he did not mince words in his rebuke of the U.S. position on the Paris Agreement, which remains unique in the global community: "Let us face it," he said, "there is no Planet B.”

Macron balanced his admonitions with the acknowledgement of differing opinions on climate action, choosing to focus on the long run and extending an olive branch that moderate Republicans, and perhaps even Trump, could seize in due time.

What's next: Despite Trump's announcement, the earliest the U.S. could officially notify the UN of its intention to withdraw from the Paris Agreement is late 2019, and withdrawal could not take place until late 2020. As long as the possibility of a U.S. reversal exists, Macron will have a tantalizing goal to which he can apply his charisma, energy and unique personal relationship with Trump.

David Livingston is deputy director of the Atlantic Council’s Global Energy Center.

Go deeper: Read more at the Atlantic Council's New Atlanticist blog.

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Federal Reserve: Coronavirus poses "evolving risk" to the economy

Federal Reserve chairman Jerome Powell. Photo: Sarah Silbiger/Getty Images

Federal Reserve chairman Jerome Powell took the rare move Friday of issuing a statement meant to reassure investors, one that opened the door to a possible interest rate cut.

Why it matters: The Fed rarely issues statements like this outside of policy meetings and scheduled public appearances. It came as the stock market continues its steep decline this week. Stocks briefly pared some losses after the 2:30 p.m. EST statement came out.

Federal court temporarily halts "Remain in Mexico" program

Migrant wearing a cap with U.S. flagin front of the border between Guatemala and Mexico. Photo: Jair Cabrera Torres/picture alliance via Getty Image

The 9th Circuit Court of Appeals upheld a lower court's earlier injunction on Friday, temporarily stopping the Trump administration from enforcing the Migrant Protection Protocols (MPP) — known as the "Remain in Mexico" policy.

Why it matters: Tens of thousands of migrants seeking asylum have been forced to wait out their U.S. immigration court cases across the border in Mexico under the policy. The Trump administration has long credited this program for the decline in border crossings following record highs last summer.

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