The release of reserves in the U.S. could create pressures that could reduce oil prices, though Biden has already twice ordered releases from the strategic reserves without causing a meaningful shift in oil markets.
Clean energy leaders said the investigation—which could result in retroactive tariffs of up to 240%—would severely hinder the U.S. solar industry, leading to thousands of layoffs and imperiling up to 80% of planned solar projects in the United States.
Biden is proposing a total of $5.8 trillion in federal spending in fiscal 2023, which begins in October. The deficit would be $1.15 trillion.
The introduction of the minimum tax on the wealthiest Americans would represent a significant reorienting of the tax code.
Scores of projects across the United States are being funded with federal coronavirus relief money despite having little to do with combating the pandemic, a review by The Associated Press has found.
The plan contains 21 steps to improve oversight and accountability, including a legislative proposal to modernize the governance structure of the appraisal industry.
During a conference call to discuss the nomination of Judge Ketanji Brown Jackson to the Supreme Court, Sen. Mike Braun from Indiana said he’d welcome the rescinding of several key decisions made by the court in the past 70 years to pass the power to the states.
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation’s cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks
The Senate rejected an amendment by Sen. Mike Braun, R-Ind., to strip earmarks from the legislation. Braun said they encompassed 367 pages that weighed five pounds and showed “the swamp is rising again.”
In some of the cases, suspects wrongfully obtained federal loans to bolster companies that didn’t actually exist. In others, large, transnational crime syndicates stole workers’ identities to receive generous unemployment benefits under someone else’s name.
Indiana Gov. Eric Holcomb joined President Joe Biden at the White House on Wednesday to urge Congress to pass funding provisions to legislation designed to boost economic competition and semiconductor chip production in the United States.
A congressional panel on Wednesday debated whether to end the nation’s “spring forward” and “fall back” daylight saving policy, citing the health effects of shifting the clock twice per year. Most agreed it was about time.
The House Judiciary Committee escalated the bipartisan battle against the world’s biggest online retailer with a letter to Attorney General Merrick Garland, referring the case for a criminal inquiry.
Passage of the Ukraine aid and the $1.5 trillion government-wide legislation that carried it let both parties lay claim to election-year victories for their priorities.
Nearly 30 million Americans have diabetes, and more than 6 million use insulin to keep their blood sugars under control. It’s an old drug, refined over the years, that has seen relentless price increases.
Biden’s top economic and national security adviser said the order establishes the first comprehensive federal digital assets strategy for the United States.
Critics see this new Biden effort as largely an attempt at political damage control, rather than a data-driven approach to reducing inflation.
Congress mustered rare bipartisan support for the Postal Service package, dropping some of the more controversial proposals to settle on core ways to save the service and ensure its future operations.
The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday, rising by 10 cents in one day, and up 55 cents since last week, according to auto club AAA.
President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
