Biden administration cancels bulk shipments of dollars to Afghanistan

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- The Biden administration last week canceled bulk shipments of dollars headed for Afghanistan as Taliban fighters were poised to take control of the capital city of Kabul, part of a continuing scramble to keep hundreds of millions of dollars out of the hands of the terrorist group. - Federal Reserve Chairman Jerome Powell said it remains to be seen how the U.S. economy will weather the recent Covid - 19 surge, in comments that offered no views on the outlook for monetary policy. The Washington Post, New York Times and Wall Street Journal issued a joint statement Tuesday to the Biden administration requesting safe passage for their journalists, including facilitated air movement out of the country.