Iran & Saudi Arabia to Join BRICS Bloc of Developing Countries | EWTN News Nightly

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Iran and Saudi Arabia will be joining the BRICS bloc of developing countries. Iran's president celebrated the decision saying that joining the group will "make history." He also hailed the group's attempts to replace the US dollar as trading currency. The current BRICS nations include Brazil, Russia, India, China and South Africa. Research fellow at the Heritage Foundation, Joel Griffith, joins to tell us more about the 6 countries joining the bloc of developing economies, why the group is adding members and how significant it is. Griffith discusses whether the expansion of BRICS affects countries like the US and whether the White House should do anything to respond. On another note, mortgage rates today hit a 22 year high. They are now above 7%. Griffith shares what this means and whether enough is being done to address this. He fills us in on what other stories he is following. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf