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Biden says decision on gas tax holiday may come this week

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon. "Yes, I'm considering...

 

Biden plots inflation fight with Fed chair as nation worries

WASHINGTON (AP) — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent...

 

US, SKorea open to expanded military drills to deter North

SEOUL, South Korea (AP) — U.S. President Joe Biden and South Korean President Yoon Suk Yeol said after meeting Saturday that they will consider expanded joint military exercises to deter the nuclear threat from North Korea at a time when there's li...

 

Biden showcases deficit progress in bid to counter critics

WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government's red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leade...

 

Biden waiving ethanol rule in bid to lower gasoline prices

MENLO, Iowa (AP) — With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday to announce a modest step aimed at trimming gasoline prices by about a dime a gallon at a limited number of stations by waiving rules...

 

Biden oil move aims to cut gas prices 'fairly significantly'

WASHINGTON (AP) — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation's strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and...

 

Biden budget seeks minimum tax on households worth $100m

WASHINGTON (AP) — President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade, according to a fact sheets released Saturday...

 

Biden has long-term inflation plan, but voter patience short

WASHINGTON (AP) — President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces. His belief is that a cluster of companies control too many industries, which reduces...

 

Money on the table: child credit $ available via tax returns

The Biden administration wants families with children to know that there is roughly $193 billion waiting for them — all they need to do is file their taxes to claim it. That estimated total is what remains of the expanded child tax credit, and the...

 

Biden sees US economy as powering past the pandemic

WASHINGTON (AP) — That bleak jobs report the White House had been bracing for never arrived Friday. Instead, President Joe Biden got the pleasant surprise that the U.S. economy had powered through the omicron wave of the coronavirus and posted...

 

Biden's economic challenge: Finding workers and goods

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a "supply" problem — there aren't enough jobseekers or goods to meet the country's needs. This is also a political problem. The mismatch has obs...

 

Fighting gas prices, US to release 50 million barrels of oil

WASHINGTON (AP) — President Joe Biden on Tuesday ordered a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including...

 

Biden signs $1T infrastructure deal with bipartisan crowd

WASHINGTON (AP) — President Joe Biden signed his hard-fought $1 trillion infrastructure deal into law Monday before a bipartisan, celebratory crowd on the White House lawn, declaring that the new infusion of cash for roads, bridges, ports and more...

 

US, EU reach agreement to settle rift over Trump-era tariffs

ROME (AP) — The U.S. and European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit....

 

US, European allies warn of Iran's 'provocative' nuke steps

ROME (AP) — President Joe Biden said Saturday that nuclear talks with Iran would resume as he and European leaders warned Tehran that "accelerated" and "provocative nuclear steps" it has taken will jeopardize its return to compliance under a 2015 n...

 

Exacerbated by pandemic, child care crisis hampers economy

SEATTLE (AP) — After Bryan Kang's son was born in July, the occupational therapist and his wife, a teacher, started looking for child care in the Los Angeles area. The couple called eight day care centers: Some didn't have spots for months; others...

 

EXPLAINER: What's a 'wealth tax' and how would it work?

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright "wealth tax" when campaigning last year. But his more conventional proposed rate hikes on...

 

Congress foresees short-term debt fix amid perilous standoff

WASHINGTON (AP) — Republican and Democratic leaders edged back Wednesday from a perilous standoff over lifting the nation's borrowing cap, with Democratic senators signaling they were receptive to an offer from Senate GOP leader Mitch McConnell...

 

Biden tells GOP to 'get out of the way' on debt limit

WASHINGTON (AP) — President Joe Biden on Monday urged Republican senators to "get out of the way" and let Democrats suspend the nation's debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate...

 

Biden faces limits of $1.9T COVID aid as some states resist

WASHINGTON (AP) — President Joe Biden entered the White House promising to stop the twin health and economic crises caused by COVID-19, but $1.9 trillion and countless initiatives later he's confronting the limits of what Washington can achieve...

 

Frustration as Biden, Congress allow eviction ban to expire

WASHINGTON (AP) — Anger and frustration mounted as President Joe Biden showed no signs of reversing plans to allow a nationwide eviction moratorium to expire at midnight Saturday — one Democratic lawmaker even camping outside the Capitol in...

 

Anger mounts as Biden, Congress allow eviction ban to expire

WASHINGTON (AP) — Anger and frustration mounted in Congress over the weekend as a nationwide eviction moratorium expired during a surge in the COVID-19 pandemic. One Democratic lawmaker even camped outside the Capitol in protest as millions of...

 

Inflation fears and politics shape views of Biden economy

WASHINGTON (AP) — President Joe Biden is banking on the idea of making life more affordable for middle-class families — and that's where the recent bout of inflation poses both a political and an economic risk. The U.S. economy may be poised for...

 

Biden ends GOP infrastructure talks, starts new negotiations

WASHINGTON (AP) — President Joe Biden ended talks with a group of Republican senators on a big infrastructure package on Tuesday and started reaching out to senators from both parties in a new effort toward bipartisan compromise, setting a summer d...

 

Biden betting on wage growth, while GOP warns of inflation

WASHINGTON (AP) — The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money. This recommendation, included in a White House memo about the state of the economy, gets at a...

 

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