Robert Schroeder is the Washington bureau chief for MarketWatch. Follow him on Twitter @mktwrobs.
President Joe Biden on Tuesday said he would ask Congress to take “urgent action” to aid Israel after what he called “sheer evil” attacks by Hamas.
“When Congress returns we’re going to ask them to take urgent action to fund the security requirements of our partners,” the president said from the White House. He said the U.S. is already surging extra military aid including ammunition to replenish Israel’s Iron Dome defense system. Biden spoke after speaking Tuesday morning with Israeli Prime Minister Benjamin Netanyahu. The White House said the conversation was to discuss U.S. support for Israel and “our efforts coordinated with partners and allies to defend Israel and innocent people against terrorism and to deter other hostile actors from exploiting this attack on Israel.”U.S. stocks DJIA rose Tuesday but oil futures CL.1, -0.
Congressional action is currently limited by the lack of a House speaker, following the ouster of Rep. Kevin McCarthy last week. On Wednesday, House Republicans are meeting to select a speaker candidate, and an election of the speaker by the full House could come as early as Wednesday.
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