Tag Archives: White House

US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …

The White House will unveil its “Trucking Action Plan” on Thursday to address supply chain challenges that have plagued the US economy for several months.The plan is the product of the administration’s Supply Chain Disruptions Task Force, a group chaired by Commerce Secretary Gina Raimondo, Transportation Secretary Pete Buttigieg and …

“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …

White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …

Oil prices slipped to a one-week low on Monday on expectations on supply boost and weaker demand under pressures from recent surge in energy costs, the strong dollar and increasing COVID-19 cases.On Sunday, Senate Majority Leader Chuck Schumer urged Biden’s administration to tap into Emergency Petroleum Reserves (SPR) to lower …

Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher. NYT said that it is bad news for economic Fed’s policymakers and for the White House, which had been emphasizing a recent slowdown in price gains.Inflation picked up to 0.9 percent …

The biggest signal that Federal Reserve Governor Lael Brainard is a major candidate to succeed Jerome Powell as U. S. Fed Chair has generated a wave of speculations over how financial markets would react if Biden announced her as his nominee.The longest wait for the announcement in the modern era …

U. S. WTI sharply advances in the New York session, up by almost 2%, trading at $82.93 per barrel. Earlier, Tuesday, oil retreated under the $81.00 psychological figure, but later found support at the 1-hour 50-simple moving average at $80.99, which capped the downward pressure on the U. S. crude …

Oil prices settled at a three-year high above $85 a barrel on Friday, boosted by anticipated supply deficit in the next few winter months as the easing of coronavirus-related travel restrictions leads demand surge.Brent crude futures settled up 86 cents, or 1%, at$84.86 a barrel. Front-month prices, which touched their …

Another month of slow hiring forced White House officials to admit that the recovery is lagging expectations, and that inflation and worker shortages could continue into 2022.Administration officials are planning to highlight whatever bright spots they can find, such as rising wages and the pace of economic growth, and use …