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DES MOINES, Iowa AP 鈥?Democrat Mike Franken, a retired Navy admiral, will face R
stanley cup epublican Chuck Grassley in the race for an Iowa U.S. Senate seat, winning his party nomination Tuesday over two c
stanley cup ompetitors.Franken beat former congresswoman聽Abby Finkenauer聽and physician Glenn Hurst and earned the right to run against Grassley, who is seeking an eighth Senate term and beat back a nominal primary challenge of his own on Tuesday.Frankens primary win is something of a surprise, given Finkenauer was better known throughout the state after her 2018 victory over a Republican congressman that made her the second-youngest woman elected to Congress. Finkenauer lost in a reel
stanley cup ection bid in 2020 but was a frequent presence on cable television and raised millions of dollars toward her Senate run.In his campaign, Franken emphasized a need to dial down the political tension in Washington. He also called for adding a public insurance option to the Affordable Care Act.Joyce Mahl of Council Bluffs in western Iowa said she voted for Franken because she was unsure Iowans would vote for a Democratic woman in the general election, though Iowa has elected Democratic women, including Finkenauer, to Congress. Mahl top priority is a candidate she views as stronger against Grassley.WATCH: How controversial new voting laws are impacting 2022 elections If you want Grassley out, youve got to vote for the one that you think can beat him, Mahl, 66, said after voting at a downtown Council Bluffs ch Chvw Nobel Laureate Robert Shiller says human nature, not China, explains market volatility
WASHINGTON AP 鈥?A provision in the recently signed聽d
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stanley cup ing bill聽mandates that the United States work to ease Ukraines debt burden at the International Monetary Fund, which could create tensions at the worlds lender-of-last-resort over one of its biggest borrowers.The National Defense Authorization Act requires American representatives to each global development bank, including the IMF, where the U.S. is the largest stakeholder, to use the voice, vote, and influence 聽of the U.S. in seeking to assemble a voting bloc of countries that would change each institution debt service relief policy regarding Ukraine.Among other things, the U.S. is tasked with forcing the IMF to reexamine and potentially end its surcharge policy on Ukrainian loans. Surcharges are added fees on loans imposed on countries that are heavily indebted to the IMF.The U.S. interest in changing the policy comes as it has distributed tens of billions for Ukrainian military and humanitarian aid since the Russian invasion began in February. Most recently, Ukraine will receive $44.9 billion in aid from the U.S. as part of a聽$1.7 trillion government-wide spending bill.READ MORE: Biden signs $1.7 trillion bill funding government operationsInevitably, some U.S. grant money is spent servicing IMF loans. I can see wh
af1 y the Senate would want to relax the surcharge for Ukraine, Peter Garber, an economist who most recently worked at the global markets research division of Deutsche Bank, wrote in an email.
