The Evening: Biden Details Aid, Fed Raises Rates, One More Saturday Night, and More

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Good Evening,

It's Wednesday, March 16th.

Note: The Evening will be “gone fishin’” until March 28.

Biden Details Aid to Ukraine

President Biden announced on Wednesday an additional $800 million in security aid to help Ukraine fight Russia’s grinding invasion, hours after President Volodymyr Zelensky of Ukraine made an impassioned appeal for help to Congress that cast the war as a battle for the cause of democracy, as the NYT reports

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Cautious Optimism

Officials from Russia and Ukraine expressed cautious optimism Wednesday that peace talks were making progress toward ending almost three weeks of fighting across Ukraine and Russian Foreign Minister Sergei Lavrov said Wednesday that there is “hope for reaching a compromise,” as the Washington Post reports

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Fed Raises Interest Rates

Fed officials said Wednesday they would raise their benchmark federal-funds rate for the first time since 2018 by a quarter percentage point to a range between 0.25% and 0.5% from near zero, as the WSJ reports

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Executive Education

Gain the tools and knowledge necessary to better navigate Washington's distinctive culture, policy dynamics, and political constructs through Understanding Washington

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, a CSIS Executive Education course.

Video Shorts

Check out CSIS's YouTube Channel

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for the latest releases in our “Crisis Crossroads: Ukraine” video series.

In That Number

1 million

Nearly 1 million child refugees have fled Ukraine for Poland since war began.

Source: WSJ

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Critical Quote

“Remember Pearl Harbor, terrible morning of December 7, 1941, when your sky was black from the planes attacking you. Just remember it, remember, September the 11th, a terrible day in 2001 when evil tried to turn U.S. cities into battlefields, when innocent people were attacked from air, just like nobody else expected it and you could not stop it. Our country experiences the same, every day, right now at this moment.”

— Ukrainian President Volodymyr Zelensky

iDeas Lab

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James Lewis, Director of the Strategic Technologies Program at CSIS, discusses

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the digital governance challenges posed by Russia and China following the invasion of Ukraine.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

(Photo credit: J. Scott Applewhite/Pool/Getty Images.) Ukrainian President Volodymyr Zelensky speaks to the U.S. Congress by video to plead for support as his country is besieged by Russian forces at the U.S. Capitol on March 16, 2022.

Recommended Reading

“The Case for Cooperation: The Future of the U.S.-UK Intelligence Alliance

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” by CSIS's Jake Harrington and Riley McCabe.

This Town Tomorrow

At 9:00 a.m.

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, join the Atlantic Council for a conversation that explores great power projection and the China-Russia relationship as a force multiplier in the Middle East.

And, at 9:30 a.m.

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, the Wilson Center holds a discussion on the impacts of the war in Ukraine on the Balkans.

Then, at 11:00 a.m.

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, the Carnegie Endowment hosts an event examining the global fallout from Russia's invasion of Ukraine.

Video

Earlier today, four former Supreme Allied Commanders of Europe—General Philip M. Breedlove, General James L. Jones, General Joseph W. Ralston, and General Wesley K. Clark—joined CSIS's Seth Jones to discuss the implications of the Russian invasion of Ukraine. Watch the video here

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Podcasts

“There is no respect by the Russian Federation of safe passage for civilians or safe passage for humanitarian goods, in direct contravention of their obligations under the Geneva Convention and international law,” said CSIS's Jacob Kurtzer in today's episode of The Truth of the Matter. Also examined are the detrimental effects the war is having on Ukrainian and global food security.

Listen on Spotify

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& Apple Podcasts

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Smiles

Turn on channel six, the President comes on the news

Says, "I get no satisfaction, that's why I sing the blues"

His wife say, "Don't get crazy, Lord, you know just what to do

Crank up that old Victrola, put on your rockin' shoes"

Since you all liked the Bob Weir clip from yesterday so much, here’s another recent clip

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of Weir performing with Phil Lesh and Friends. This one is special—just a bunch of cowboys out west getting down.

I invite you to email me at [email protected]

mailto:[email protected]

and follow me on Twitter @handrewschwartz

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The Evening is my daily guide to key insights CSIS brings to the events of the day. It is composed with the External Relations team: Kendal Gee, Paige Montfort, and Christopher Healey.

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Connect w/ H. Andrew Schwartz



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