As the United States' first step towards giving its approval to Finland and Sweden's NATO membership bid, President Joe Biden sent to the Senate the protocols for the accession of the two Baltic countries to the defense alliance.
"I transmit herewith, for the advice and consent of the Senate to its ratification, the Protocols to the North Atlantic Treaty of 1949 on the Accession of the Republic of Finland and the Kingdom of Sweden," Biden said in a message to the Senate on Monday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.