In the wake of the Russian occupation of the Donbas region and sending its forces to Ukrainian separatist regions of Donetsk and Luhansk, President Joe Biden ordered U.S. troops already based in Europe to shore up the defenses of nations bordering Ukraine.?
Biden directed Secretary of Defense Lloyd J. Austin to move forces within the U.S. European Command's area of operations to the Baltic Republics, Poland and Ukraine's southeastern flank.?
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.