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U.S. health spending to rise 5.5 percent per year over next decade – CMS

Nurse prepares a bag of saline at Intermountain Healthcare's Utah Valley Regional Medical Center in Provo
FILE PHOTO: A nurse prepares a bag of saline at Intermountain Healthcare's Utah Valley Regional Medical Center in Provo, Utah April 1, 2014. REUTERS/George Frey

February 20, 2019

By Tamara Mathias and Saumya Joseph

(Reuters) – U.S. health spending is expected to grow at an average rate of 5.5 percent every year from 2018 over the next decade and will reach nearly $6 trillion by 2027 as more people become eligible for Medicare, a government health agency said on Wednesday.

Rising income levels, better employment rate and more people enrolling for Medicare, the federal health insurance program for people aged 65 and above and the disabled, will cause healthcare spending to rise to 19.4 percent of the U.S. economy by 2027, the Centers for Medicare & Medicaid Services (CMS) said.

In 2017, healthcare spending accounted for 17.9 percent of the country’s gross domestic product.

Annual spending growth for Medicare is expected to average 7.4 percent over the 10-year period, CMS said.

That number exceeds spending projections for Medicaid — the government insurance program for low income Americans — and private health insurance plans, which are expected to average 5.5 percent and 4.8 percent respectively, over the same period.

The CMS said it expects Medicare enrollment growth to peak at 2.9 percent in 2019.

Prescription drug spending is also expected to rise and average 5.6 percent annually between 2018 and 2027 as employers and insurers push patients with chronic conditions to adhere to medications better, and as new and expensive drugs enter the market.

Hospital spending growth is projected to average 5.6 percent per year between 2018 and 2027.

By 2027, federal, state and local governments are expected to fund 47 percent of national health spending, compared with 45 percent in 2017, according to the report.

The CMS said that all projections are reflective of current laws and do not take into account policy changes under consideration.

(Reporting by Saumya Sibi Joseph and Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

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Dubai financial services authority says investigation into Abraaj is ongoing

FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 15, 2019

DUBAI (Reuters) – Dubai’s financial services authority (DSFA) said on Monday its investigation into collapsed Dubai private equity firm Abraaj Capital Ltd and relevant companies and persons was ongoing.

The Dubai regulator added that it was aware of the arrest of two former executives of the Abraaj group, former chief executive, Arif Naqvi, and managing partner, Mustafa Abdel-Wadood, on U.S. fraud charges.

“The DFSA is a regulatory body which oversees the conduct of firms under its jurisdiction in the Dubai International Financial Centre (DIFC). Where appropriate, it has the power to impose administrative sanctions, but does not have a criminal jurisdiction, therefore it does not lay charges or make arrests,” the statement said.

(Reporting by Tuqa Khalid; editing by David Evans)

Source: OANN

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Colombian proposal to ditch NY coffee price may send buyers elsewhere

FILE PHOTO: A coffee grower selects coffee fruits on a canvas in Chinchina
FILE PHOTO: A coffee grower selects coffee fruits on a canvas in Chinchina, Colombia November 22, 2018. REUTERS/Luisa Gonzalez/File Photo

March 19, 2019

By Julia Symmes Cobb and Ayenat Mersie

BOGOTA/NEW YORK (Reuters) – A proposal by Colombian coffee growers’ federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.

The federation in late February said it would discuss a possible unlinking from the New York benchmark price with other producers of high-quality arabica and buyers in an effort to sell coffee above production costs.

Prices on the New York market have hovered at or below $1 per pound so far in 2019. Last week, the most-active ICE arabica futures contract bottomed at a 13-year low of 94.65 cents per pound.

Brazil harvested a record-large coffee crop last year, and is on track to produce another massive harvest this crop year, despite it being the off-year in its biennial production cycle.

Colombia, which prices much of its coffee at a differential to futures, is proposing an unlinking that would set its prices between $1.40 and $1.50 per pound. The Colombian federation is already beginning discussions with other producers, it said.

But despite the proposal’s popularity with struggling growers, an alternative price could have buyers looking elsewhere.

“There was a time a while ago, when Colombia was so far above everyone else, quality-wise,” said Shawn Hackett, president of Hackett Financial Advisors, a Florida-based futures brokerage and research firm specializing in agricultural commodities.

“Nowadays, there’s some really good quality in Brazil, really good quality in Central America, in Africa.”

PAST EFFORTS

Colombia’s federation has long made the case to large buyers that it is in their interest to ensure producers earn a profit.

Colombian farmers need to make 760,000 pesos ($245.84) per 125-kg (275-lb) shipment on the domestic market to meet production costs, the federation has said. Prices were at 692,000 pesos per shipment on Monday.

Coffee price cartels have been attempted before, but failed.

An effort in 2000 to get coffee producers to hold back 20 percent of output until prices climbed to $1.05 per pound was scrapped after just a few producer countries – including Colombia – agreed to participate.

The higher the target price, the greater the incentive for those outside a price agreement to increase output, a United Nations report on the effort said.

Successful control of coffee prices will also require the participation of importers, who have largely ignored requests to pay more, despite warnings that farmers will switch crops if they cannot turn a profit.

Due to slumping prices and delays in certifying organic beans, coffee producers in Peru, for example, have been seen abandoning their crop to work on plantations that grow coca, the main ingredient in cocaine, the federation there said recently.

In 2013, some Colombian farmers even floated switching from arabica coffee – which is a smoother-tasting, more expensive bean – to the cheaper-to-grow robusta, which is used more in instant coffee.

“If the spread between the market and the prices that the Colombian exporters are trying to charge gets big enough, you will probably see a lot of people switch over to other origins,” said a U.S. importer. “People will become less dependent upon Colombian coffee.”

Colombian exporters agree.

“I don’t think the proposal is realistic,” said Giancarlo Ghiretti, of specialty exporter Caravela Coffee. “Selling large amounts of coffee outside of the market is difficult and risky. Large buyers will look to replace Colombia with other origins.”

The U.S. National Coffee Association said its members, who include major chains Starbucks and Peet’s Coffee & Tea, agree growth requires stability for farmers, but price controls are generally unsuccessful.

“While the pressure to find quick economic fixes is understandable due to current market dynamics, history shows that policies designed to control price ultimately hurt those they are meant to protect,” the industry group’s president Bill Murray said in an email.

Colombia produced 13.6 million 60-kg bags of washed arabica last year, more than any other country but down 4.5 percent from 2017. Dry weather is expected to help the crop recover this year.

(Reporting by Julia Symmes Cobb in Bogota and Ayenat Mersie in New York; editing by Helen Murphy, Dan Flynn and G Crosse)

Source: OANN

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Greece: Search operation for 2 migrants missing at sea

Greece's coast guard has launched a search and rescue operation off the eastern Aegean island of Chios for two men reported missing after a migrant boat made it to shore from nearby Turkey.

The coast guard said a total of 36 people had been found safe early Thursday. Survivors reported the two men missing.

Of those rescued, eight had made it to shore, 23 were found on a rocky part of the coast and a further five were found in the dinghy they arrived in.

Coast guard and European border agency Frontex vessels and an air force helicopter were conducting the search.

Hundreds of migrants continue to arrive on Greek islands from Turkey each week, although the numbers are far reduced from the height of the influx in 2015.

Source: Fox News World

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Swedbank sacks CEO after money laundering allegations

FILE PHOTO: A general view Swedbank local headquarters building in Tallinn
FILE PHOTO: A general view Swedbank local headquarters building in Tallinn, Estonia March 25, 2019. REUTERS/Ints Kalnins/File Photo

March 28, 2019

By Esha Vaish and Johan Ahlander

STOCKHOLM (Reuters) – Swedbank dismissed Chief Executive Birgitte Bonnesen on Thursday just before its annual shareholder meeting, after mounting investor criticism over allegations the bank was involved in money laundering in the Baltics.

The allegations against Swedbank first came to light in a media report last month and have sparked fears that the largest bank in the Baltic region will become embroiled in a scandal already engulfing rival Danske Bank, and face the threat of lawsuits, fines and other sanctions.

Bonnesen has repeatedly said she has confidence in the bank’s anti-money laundering procedures and that Swebank had reported suspicious transactions to authorities.

But in the past few days, investors have become critical of Swedbank’s handling of the issue, putting them on course for a showdown with management at the annual general meeting later on Thursday.

Investors have criticized Bonnesen over her responses to the allegations. Their discontent came to a head on Wednesday after the Swedish Economic Crime Authority decided to extend its Swedbank probe to include a charge of suspected fraud.

“The developments during the past days have created an enormous pressure for the bank. Therefore, the board has decided to dismiss Birgitte Bonnesen from her position,” Swedbank Chairman Lars Idermark said on Thursday.

Reuters was not immediately able to reach Bonnesen to seek comment.

Swedbank’s announcement of Bonnesen’s dismissal came just an hour before the bank holds its annual general meeting.

Ahead of the meeting, three of Swedbank’s top investors, in a rare public expression of discontent, said they would not grant Bonnesen freedom from liability for the 2018 fiscal year, leaving her position all but untenable.

Bonnesen’s career path before she become CEO at Sweden’s biggest retail bank included a role as the bank’s chief audit executive between 2009 and 2011, which encompassed oversight of the bank’s anti-money laundering policy. She then moved on to running the lender’s Baltic operations until 2014.

Swedbank said Chief Financial Officer Anders Karlsson had been appointed on Thursday as acting CEO and would also continue to hold his CFO role until further notice. The bank also said it had begun a process to recruit a new permanent CEO.

(Additional reporting by Johannes Hellstrom and Helena Soderpalm; editing by Niklas Pollard/Keith Weir/Jane Merriman)

Source: OANN

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Chinese student found alive after being kidnapped in Canada.

Canadian police say a Chinese student who was abducted in the Toronto area has been found.

Const. Andy Pattenden with York Regional Police said Wanzhen Lu showed up at a house looking for help in what's called cottage country in Ontario. He has minor injuries and was treated in hospital.

Police arrested a 35-year-old man on Tuesday but later released him. Police are looking for four suspects.

Wanzhen was kidnapped from a parking garage in Markham, Ontario, on Saturday.

Police say the 22-year-old had parked his car and was walking with a friend toward the elevator of his condominium when a minivan came up behind him.

Investigators say three men jumped out, grabbed Lu, shocked him multiple times with a stun gun and dragged him into the van.

Source: Fox News World

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House Dems to challenge Trump emergency declaration on Friday

House Democrats are planning to file a resolution Friday to block President Trump's emergency declaration to secure more funding for a southern border wall, although the resolution faces questionable odds in the GOP-led Senate and the virtually certain prospect of a White House veto that would be nearly impossible for Congress to overcome.

The full House is expected to vote on the measure by mid-March, if not sooner. Trump ally Rep. Jim Jordan, R-Ohio, told ABC News this weekend that he believes there are enough GOP votes in Congress to prevent the two-thirds supermajorities required to overcome a veto in both the House and the  Senate.

"I think there are plenty of votes in the House to make sure that there's no override of the president's veto," he said. "So it's going to be settled in court, we'll have to wait and see."

The brewing legislative fight comes as the attorneys general of California, New York and 14 other states on Monday filed a lawsuit in the liberal Ninth Circuit against the White House's emergency declaration, claiming Trump has "veered the country toward a constitutional crisis of his own making."

Trump mockingly predicted the lawsuit at the White House last week, saying the Ninth Circuit would predictably issue an injunction in a "bad ruling," only for the Supreme Court to hand him a "win" after a "fair hearing." That path, the president said, that has become all too familiar in the wake of similar reversals on his travel ban and other initiatives.

In this Feb. 13, 2018, photo, House Minority Leader Kevin McCarthy, R-Calif., joins supporters of President Donald Trump and family members of Americans killed by undocumented immigrants as they gather to to promote their support for a border wall with Mexico, at the Capitol in Washington. When you want results in a polarized Washington, sometimes it pays to simply leave the professionals alone to do their jobs. (AP Photo/J. Scott Applewhite)

In this Feb. 13, 2018, photo, House Minority Leader Kevin McCarthy, R-Calif., joins supporters of President Donald Trump and family members of Americans killed by undocumented immigrants as they gather to to promote their support for a border wall with Mexico, at the Capitol in Washington. When you want results in a polarized Washington, sometimes it pays to simply leave the professionals alone to do their jobs. (AP Photo/J. Scott Applewhite)

The White House has also fired back at the lawsuit on the merits, saying the National Emergencies Act includes provisions for Congress to file resolutions disputing the president's reallocation of funds previously appropriated for general military purposes by Congress.

TRUMP MOCKS CALIFORNIA OVER 'FAST TRAIN' CATASTROPHE, LAWSUIT OVER EMEGENCY DECLARATION

But Democrats were making clear they didn't want to leave the matter exclusively to the courts. Aides to Rep. Joaquin Castro, D-Texas, were circulating a letter Wednesday to other congressional offices seeking additional co-sponsors to his one-page resolution trying to block the declaration. "We are planning to introduce it on Friday morning," said the letter, which was obtained by The Associated Press.

Castro's measure, which described Trump's emergency declaration, says it "is hereby terminated." Castro chairs the Congressional Hispanic Caucus.

FILE - In this March 5, 2018, file photo, construction continues on a new, taller version of the border structure in Calexico, Calif. A federal appeals court has rejected arguments by the state of California and environmental groups who tried to block reconstruction of sections of the U.S.-Mexico border wall. The 9th U.S. Circuit Court of Appeals ruled Monday, Feb. 11, 2019, that the Trump administration did not exceed its authority by waiving environmental regulations to rebuild sections of wall near San Diego and Calexico. (AP Photo/Gregory Bull, file)

FILE - In this March 5, 2018, file photo, construction continues on a new, taller version of the border structure in Calexico, Calif. A federal appeals court has rejected arguments by the state of California and environmental groups who tried to block reconstruction of sections of the U.S.-Mexico border wall. The 9th U.S. Circuit Court of Appeals ruled Monday, Feb. 11, 2019, that the Trump administration did not exceed its authority by waiving environmental regulations to rebuild sections of wall near San Diego and Calexico. (AP Photo/Gregory Bull, file)

The plan for introducing the resolution was initially described by officials at three progressive groups who heard of them from congressional aides but were not authorized to discuss the plans privately.

Congress approved a vast spending bill last week providing nearly $1.4 billion to build 55 miles of border barriers in Texas' Rio Grande Valley while preventing a renewed government shutdown. That measure represented a rejection of Trump's demand for $5.7 billion to construct more than 200 miles.

Besides signing the bill, Trump also declared a national emergency that he says gives him access to an additional $6.6 billion that would be taken from a federal asset forfeiture fund, Defense Department anti-drug efforts and military construction projects.

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Democrats and some Republicans say there is no emergency at the border and say Trump is improperly declaring one to work around Congress' rejection of the higher amounts.

Top White House adviser Stephen Miller, however, defended the emergency declaration in an exclusive interview with "Fox News Sunday" this weekend.

Miller, asked by anchor Chris Wallace why a wall is necessary if most drugs are caught at ports of entry, said the government statistics on the matter are misleading and easily misinterpreted.

"The problem with the statement that you're 'apprehending 80 or 90 percent of drugs at ports of entry' -- that's like saying you apprehend most contraband at TSA checkpoints at airports," Miller said. "You apprehend the contraband there because that's where you have the people, the screeners. I assure you if we had screeners of that same density across every single inch and mile of the southern border, you'd have more drugs interdicted in those areas."

Miller added that the reason why four times as many illegal immigrants were stopped at the border in 2000 as compared to 2018 is that now, illegal immigrants are much harder to detain due to laxer asylum and immigration laws.

The Associated Press contributed to this report.

Source: Fox News Politics

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk
Representatives of Russian Transneft, Ukranian Ukrtransnafta, Polish Pern and Belarusian Belneftekhim gather to hold talks on fixing tainted oil supplies to Europe, in Minsk, Belarus April 26, 2019. REUTERS/Vasily Fedosenko

April 26, 2019

By Katya Golubkova and Andrei Makhovsky

MOSCOW/MINSK (Reuters) – Russia is confident it can soon resolve a problem of polluted Russian oil contaminating a major pipeline serving Europe and affecting supplies as far west as Germany, a senior official said on Friday at talks with importers about the issue.

Russian Deputy Energy Minister Pavel Sorokin did not give a precise timeframe but Moscow has previously said it would pump clean oil to the border with Belarus from April 29, seeking to end a crisis hitting the world’s second-largest crude exporter.

Sorokin was speaking at talks with officials from Belarus, Poland and Ukraine in Minsk on the issue. Belarus said the issue had cost it $100 million, while analysts say alternative supply routes for refiners cannot fully fill the gap.

Poland, Germany, Ukraine and Slovakia have suspended imports of Russian oil via the Druzhba pipeline. Halting those supplies has knock-on effects further along the network.

The problem arose last week when an unidentified Russian producer contaminated oil with high levels of organic chloride used to boost oil output but which must be separated before shipment as it can destroy refining equipment.

Russia’s Energy Ministry said pipeline monopoly Transneft and other Russian companies had a plan to mitigate the effects of the contaminated oil. It did not give details.

Russian officials have said contaminated oil has already been pumped into storage in Russia and Friday’s talks would focus on how to partially withdraw the tainted crude from the Druzhba pipeline running via other countries.

The suspension cuts off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total, Shell, Eni and Rosneft.

Some refiners have outlined plans for alternative supplies, but analysts say other routes cannot meet the shortfall.

OIL PRICES

Ukraine’s Ukrtransnafta suspended the transit of oil through the pipeline on Thursday, closing supplies via Druzhba’s southern route to Slovakia, the Czech Republic and Hungary.

The pipeline issue, which has supported global oil prices, lifted Russian Urals crude differentials to an all-time high on Thursday.

With pipeline supplies to Europe shut, Russia faces a challenge of how to divert about 1 million barrels per day (bpd) that was meant to be shipped through the network to other destinations at the time when export capacity is at its limits.

State-run Russian Railways held talks with energy firms on using up to 5,000 rail tankers to transport crude, RIA news agency reported on Friday.

Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, when buyers refused to lift cargoes, resulting in a brief shutdown of the port on Wednesday and Thursday. An Ust-Luga official and traders said on Friday loadings had resumed.

Russian loading plans indicate it aims to boost Urals exports in May before the expiry of a deal on output cuts agreed with the Organization of the Petroleum Exporting Countries and its allies, Reuters calculations and Energy Ministry data show.

The provisional loading plan for Russia’s Baltic Sea ports and Novorossiisk in May show exports rising to 10.7 million tonnes, the highest level in half a decade.

Minsk estimated its loss from lower oil product exports due to contaminated Russian oil at around $100 million, Russia’s Interfax news agency reported on Thursday, citing Belarusian state oil company Belneftekhim.

Russian Deputy Prime Minister Dmitry Kozak, in charge of government energy policy, said this week that those found responsible for contaminating the oil could be fined. He did not provide names.

(Reporting by Agnieszka Barteczko in WARSAW, Sandor Peto in BUDAPEST, Jason Hovet in PRAGUE, Matthias Williams and Natalia Zinets in KIEV, Katya Golubkova, Olesya Astakhova, Gleb Gorodyankin, Olga Yagova and Maxim Rodionov in MOSCOW, Andrei Makhovsky in MINSK; writing by Katya Golubkova; editing by Michael Perry and Edmund Blair)

Source: OANN

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FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

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But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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