The Ukraine Situation.

Last week, news outlets in the U.S. began reporting that intelligence officials had determined Vladimir Putin was considering a "military action" in Ukraine — possibly an invasion — that could begin as early as 2022. The intelligence finding estimated Russia was planning to deploy as many as 175,000 troops and almost half of them were already present along Ukraine's border.

In response, President Joe Biden pledged to make it "very, very difficult" for Putin to take any military action, and then held a two-hour video conference with Putin in which U.S. officials say Biden issued a warning about the economic penalties that would come down if a large-scale invasion took place.

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