“It’s time for the president to demand that Congress pass a windfall profits tax on Big Oil and use the revenue to provide rebates to consumers NOW!” wrote Sen. Bernie Sanders. ExxonMobil indicated in a securities filing submitted just ahead of the holiday weekend that its profits doubled in the second quarter of 2022 compared to the first […]
Leaders of the Group of Seven economies met in Germany’s Bavarian Alps on Sunday, looking to show they are united against Russian President Vladimir Putin’s invasion of Ukraine while discussing ways to minimize the war’s effect on rising global food and energy costs. U.S. President Joe Biden and German Chancellor Olaf Scholz met ahead of […]
WASHINGTON — U.S. President Joe Biden is considering declaring a federal gas tax holiday and curbing some tariffs on imported Chinese goods to help Americans cope with the surging cost of consumer goods, Treasury Secretary Janet Yellen said Sunday. “President Biden wants to do anything he possibly can to help consumers,” Yellen told ABC’s “This Week” […]
The fresh calls came after new reporting detailed how rising U.S. crude exports have helped push the nation’s gas prices to record highs. With gas prices surging to unprecedented levels across the United States, President Joe Biden on Thursday faced fresh calls to use his authority to temporarily halt crude oil exports that—in addition to damaging […]