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Biden says cease-fire deal is just around the corner
President Joe Biden walks on the South Lawn to Marine One to start his trip from the White House to New York City.
February 27, 2024
As the war in Gaza nears its 5-month mark, US President Joe Biden says he hopes to have a temporary cease-fire in Gaza within the week. The proposed deal would involve aid deliveries to Gaza in exchange for the release of roughly 40 Oct. 7 hostages.
Israel has also signaled it could release a group of high-profile Palestinian prisoners as a part of the deal. Israel has resisted such a concession in the past because releasing Palestinians convicted of terrorism could attract significant domestic criticism. But it could go a long way toward temporarily pausing the fighting.
However, the most important parts of the deal for Hamas – including the length of a cease-fire and Hamas’s demand for a complete withdrawal of Israeli military forces from Gaza — are still under discussion. Hamas officials have indicated the two sides are not as close to a deal as Biden suggests.
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Harvard economist and former IMF Deputy Managing Director Gita Gopinath explains how Iran war is creating a surge in energy costs that's rippling through the global economy and pushing prices higher across everything from fuel to food.
On the GZERO World Podcast, Ian Bremmer sits down with Harvard economist and former IMF Deputy Managing Director Gita Gopinath to unpack how the conflict is rippling through the global economy. As oil and gas prices surge, inflation is climbing, adding new costs for households and businesses and putting pressure on growth worldwide.
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