The Trump administration has designated Cuba a state sponsor of terrorism, the State Department said Monday.
Why it matters: The announcement is part of President Trump's latest effort to force controversial policies through before he leaves office. It could complicate President-elect Biden's plans to improve relations with Cuba.
The Trump administration is facing a revolt on Capitol Hill over Secretary of State Mike Pompeo's last-minute decision to designate Yemen's Houthi rebels as a terror group despite concerns the move will exacerbate the world's most dire humanitarian crisis.
Behind the scenes: A call the State Department held this morning to brief House and Senate committee staff on the Yemen move devolved into a shouting match and left staffers from both parties shocked by the apparent lack of a plan to ensure that food and aid continue to reach Yemeni civilians, millions of whom are already on the verge of famine.
Why it matters: Ukrainian lawmaker Andrii Derkach, a former associate of Trump's personal attorney Rudy Giuliani, was accused by the U.S. of being "an active Russian agent for over a decade" and promoting "false and unsubstantiated" allegations targeting Joe Biden.
Jared Kushner has briefed incoming national security adviser Jake Sullivan on the Trump administration’s Middle East policies, David Friedman, the outgoing U.S. ambassador to Israel, told a closed hearing in the Israeli parliament on Monday.
Why it matters: Friedman said Kushner had briefed Sullivan in particular on the Abraham Accords process through which four Arab countries have normalized relations with Israel, according to lawmakers who attended the hearing. Trump's advisers hope President-elect Biden will continue that process and encourage other countries like Saudi Arabia to sign on.
Secretary of State Mike Pompeo has designated Yemen's Houthi rebel group as a Foreign Terrorist Organization despite warnings that such a move will exacerbate Yemen's humanitarian crisis and make peace harder to achieve.
Why it matters: The Houthis ousted the Yemeni government in 2014 and still control large swathes of the country after six years of war with a Saudi-led coalition. The people of Yemen are facing what the UN calls the world's worst humanitarian disaster, with 80% of the population lacking sufficient food or clean water, and millions on the brink of famine.
Despite the pandemic ravaging investor confidence early in 2020, U.S. and European investors flocked to Chinese debt, pushing the level of foreign investment in China's bonds to a record high and more than double its 2019 level, data from the Institute of International Finance show.
What happened: Chinese government and policy bank bonds were added to the Bloomberg Barclays Global Aggregate Index beginning in April 2019 and in September JPMorgan announced that they would add China's government bonds to its highly followed EM global bond index.
President-elect Joe Biden will nominate William Burns, president of the Carnegie Endowment for International Peace and a career diplomat for over 30 years, to serve as director of the CIA, the transition confirmed Monday.
Why. it matters: If confirmed, Burns would be the first career diplomat to lead the agency. Burns served the State Department in a number of posts around the world from the Reagan to the Obama administrations.
