Economy - Finance > House

Oil-rich nations may respond to Biden's attempt to cut gas prices by hoarding their stock to keep prices high at the pump

14 days ago   |   By Business Insider

President Joe Biden delivers remarks on the passage of the Bipartisan Infrastructure Bill in the State Dining Room of the White House on Saturday, Nov. 6, 2021. (Kent Nishimura / Los Angeles Times via Getty Images
Key OPEC nations are weighing a halt to efforts to ramp up oil production, the WSJ reported.
It comes a day after the US and other nations announced they'd be tapping strategic oil reserves to relieve high prices.
The brewing rivalry could keep gas prices at 7-year highs.
A new rivalry is brewing in the oil market, and its keeping gas prices at seven-year highs. Saudi Arabia and...
Read more ...

 

Biden's monthly child tax credit payments will expire in 3 weeks for 35 million families if Congress doesn't step in

14 days ago   |   By Business Insider

President Joe Biden. John Tully/Getty Images
Millions of families rely on the child tax credit to make ends meet, but it expires in just weeks.
It's unclear if Congress will act before the last payments go out on December 15.
If it gets renewed, the IRS may be able to act swiftly, as it did earlier this year with stimulus checks.
Over 35 million families are receiving monthly payments from President Joe Biden's child tax credit. The federal aid is being used to put food on the table, buy clothes, cover rent, and cover school-related expenses, per data from the Census Bureau. However, the...
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Biden's poll numbers are cratering and he needs to reset his presidency. There's a simple solution: leave the US

14 days ago   |   By Business Insider

President Joe Biden boards Air Force One for Rome, Italy. BRENDAN SMIALOWSKI/POOL/AFP via Getty
Joe Biden needs to reset his presidency.
His poll numbers are slipping and his policies are moving slowly through Congress.
If he wants to jumpstart his term, then he should take a trip abroad.
Brett Bruen was the director of global engagement in the Obama White House and a career American diplomat. He runs the crisis-communications agency Global Situation Room.
This is an opinion column. The thoughts expressed are those of the author.
Joe Biden needs to reboot his presidency. His poll numbers...
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