Apr 1, 2017

Where presidents go to show off for foreign leaders

Carolyn Kaster / AP

Donald Trump and Chinese President Xi Jinping are set to meet at Mar-a-Lago estate in Florida next week. This is the second time that the extravagant resort, owned by the President, will host a foreign dignitary — the first time being Japanese Prime Minister Shinzo Abe. While the move might seem unprecedented, Trump isn't the first president to choose an alternative getaway to meet with a foreign leader.

Camp David, named after President Eisenhower's grandson, has been the go-to place for hosting foreign leaders since Roosevelt. It's located in the backwoods of Maryland and has welcomed leaders such as Prime Minister Winston Churchill, Egyptian President Anwar al-Sadat, Soviet President Leonid Brezhnev and Israeli Prime Minister Menachem Begin.

Pablo Martinez Monsivais / AP

The Sunnylands Resort in Rancho Mirage, California served as a "Western White House" for several U.S. presidents. President Nixon fled there after the Watergate scandal broke, Ronald Reagan spent his New Years Eves there and George H. W. Bush entertained then-Japanese Prime Minister Kiichi Miyazawa at the resort. Obama particularly enjoyed visiting the golf course at the desert resort. He hosted both Chinese President Xi Jinping and King Abdullah of Jordan there.

Rodrigo Peña / AP

George W. Bush's ranch. Trump isn't the first President to invite a foreign leader to his own property. George W. Bush famously used his Texas ranch for diplomacy, hosting leaders such as Colombian President Alvaro Uribe, the socialist Spanish Prime Minister Jose Luis Rodriguez Zapatero, Japanese Prime Minister Junichiro Koizumi, German Chancellor Angela Merkel and even Vladimir Putin.

Gerald Herbert / AP

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Biden rolls out new policies in effort to court Sanders supporters

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The Biden campaign announced two new policies on Thursday on health care and student debt that are squarely aimed at appealing to supporters of Bernie Sanders, who ended his campaign for the Democratic nomination on Wednesday.

Why it matters: The policies don't go as far as Sanders' platform, but they signal that Biden is serious about incorporating elements of his former rival's agenda in an effort to help unify the Democratic Party and defeat President Trump in the general election.

Reports: Saudi Arabia and Russia reach major deal to cut oil production

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OPEC+, led by mega-producers Saudi Arabia and Russia, reached a tentative agreement Thursday to impose large cuts in oil production as the coronavirus pandemic fuels an unprecedented collapse in demand, per Bloomberg and Reuters.

Why it matters: The revival of the OPEC+ collaboration patches up the early March rupture between the countries, which had pushed already depressed prices down much further by threatening to unleash even more new supplies into the saturated market.