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What is the Treasury doing in the wake of the coronavirus pandemic?

What is the Treasury doing in the wake of the coronavirus pandemic?

So, as you saw, the Treasury Department announced on Monday that they're going to be borrowing $3 trillion in order to help pay for some of the initiatives around the coronavirus pandemic. That's just in the second quarter alone. In the third quarter, they're going to borrow an additional $677 billion. The Congressional Budget Office, the CBO, predicts that the federal budget deficit is going to hit a record $3.7 trillion this year alone.


What is the mission of the Treasury Department?

So, the mission of Treasury is to promote economic prosperity and to also ensure the financial security of the United States. That can range in a wide array of activities, everything from advising the president on economic matters to promoting economic sustainable growth, as well as ensuring the security and stability of the financial system.

Empathy and listening are key to establishing harmonious relationships, as demonstrated by Callista Azogu, GM of Human Resources & Organization for Nigerian Agip Oil Company (NAOC), an Eni subsidiary in Abuja. "To build trust is very difficult. To destroy it is very easy," says Callista, whose busy days involve everything from personnel issues to union relationships. She sees great potential for her native Nigeria not only because of the country's natural resources, but because of its vibrant and creative people.

Learn more about Callista in this episode of Faces of Eni.

For the world's wealthiest nations, including the United States, the rollout of COVID-19 vaccine has been rocky, to say the least. And as a result, much of the developing world will have to wait even longer for their turn. Part of the challenge, World Bank President David Malpass says, is that "advanced economies have reserved a lot of the vaccine doses." Malpass sat down with Ian Bremmer recently to talk about what his organization is doing to try to keep millions around the world from slipping deeper into poverty during the pandemic. Their conversation was part of the latest episode of GZERO World.

Saturday will mark the beginning of an historic turning point for European politics as 1,001 voting members of Germany's Christian Democratic Union, the party of Chancellor Angela Merkel, hold an online conference to elect a new leader.

Here are the basic facts:

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For the first time in twenty years, extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on GZERO World to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.

Joe Biden wants to move into the White House, but the coast isn't clear. He may need some bleach.

Watch more PUPPET REGIME here.

The GZERO World Podcast with Ian Bremmer. Listen now.

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