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On Friday’s broadcast of MSNBC’s “Morning Joe,” White House Council of Economic Advisers member Heather Boushey stated that “the reason that we see inflation today is because we’re recovering from this historic global pandemic.” Boushey said, “Well, let me be very clear, you know, the reason that we see inflation today is because we’re recovering from this historic global pandemic. So, the president has outlined a number of steps that he is taking to make sure that we contain inflation. One of them is letting the Federal Reserve do their job. But another set of them is making sure that...

President Biden speaks to the nation following a spate of mass shootings in Buffalo, Uvalde, and Tulsa, and will call for congressional action to address the issue of gun violence.

President Joe Biden’s Energy Secretary Jennifer Granholm told reporters on Thursday that drivers will have to pay at least four dollars a gallon for the foreseeable future. “The price of gas is likely to remain above $4 per gallon,” she said, based on data from the Department of Energy. Granholm has said in the past that high gas prices will encourage people to buy more expensive, fuel-efficient vehicles.

For the past several months, a White House-led team of economic specialists has marked each day in the same way: With a painstaking, state-by-state examination of gasoline prices and the intricate market forces pushing them relentlessly upward. Senior officials and others close to President Joe Biden view those prices as the cost that most directly affects voters’ everyday lives, and therefore their perception of the economy as well. As such, Biden and his top advisers fixate on them with an intensity that some aides describe as obsessive. White House chief of staff Ron Klain has grown particularly absorbed by the...

One gas station in downtown Los Angeles is charging upwards of $8 a gallon for regular gas. This comes as gas prices continue to rise across California and the U.S. The average price in Los Angeles County rose to a record $6.172 on Tuesday. However, the Chevron station off Alameda in Downtown LA is charging over $8 a gallon. Many people in the area say the station is price gouging. In a statement released to FOX 11, Chevron said there are multiple factors that go into the price of a gallon of gasoline, "including some unique ones specific to California."...

President Joe Biden falsely claimed Saturday that supporters of former President Donald Trump killed police officers during the January 6th riots on Capitol Hill. The president spoke about the January 6th protests during his commencement speech at the University of Delaware. "A mob of insurrectionists stormed the Capitol, the very citadel of democracy. Imagine what you’d be thinking today if you had heard this morning before you got here that a group of a thousand people broke down the doors of the parliament of Great Britain, killed two police officers, smashed and ransacked the office of members of the British...

The cost of diesel fuel — used by farmers and truckers to supply Americans with the products they need — has increased 75 percent over the past year. The national average for diesel fuel is $5.61 a gallon, according to the American Automobile Association’s (AAA) May 16 report.

<p>The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.</p><p>The DOI halted the potential to drill for oil in over 1 million acres in Alaska's Cook Inlet, along with two lease sales in the Gulf of Mexico. The move comes as Biden has taken a few actions to combat high gas prices, despite his administration's generally hostile approach to the oil industry.</p>

Gas prices in Massachusetts reached a new record high for the sixth day in a row Friday, according to AAA. The average price for a gallon of gasoline in the state is now $4.53. That’s up six cents from Thursday and 23 cents in the last week. A year ago at this time it was $1.64 lower at $2.89 a gallon. The national average is now $4.45 a gallon, also a new record AAA said Saturday. Diesel prices have also hit a new high in Massachusetts, now averaging $6.36 as of Saturday.

U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off. The tech-heavy Nasdaq Composite fell 4.2% to 12,334.64, weighed down by Amazon’s post-earnings plunge. The S&P 500 retreated by 3.6% to 4,131.93. The Dow Jones Industrial Average shed about 940 points, or 2.8%, to 32,977.21.

The California legislature is going to miss a May 1 deadline to kill the annual summer increase in its 51-cent gas tax , Gov. Gavin Newsom’s office said. The increase goes against Newsom’s January promise to motorists that he would suspend any tax increases given that the state pays the highest amount in the nation, both in taxes and per gallon. Currently, the average price to fill up is $5.69, according to AAA . “It is clear now that the Legislature will not act in time to provide that immediate, limited relief, but we look forward to working with lawmakers...

U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy crunch and as forecasts called for cooler spring temperatures. Futures jumped 10% to trade as high as $8.05 per million British thermal units, the highest since September 2008. The jump builds on recent strength, with natural gas coming off five straight positive weeks. Prices later retreated slightly, with the contract ending the day 7.12% higher at $7.82. “The impact of the conflict between Ukraine and Russia is likely to be long-lasting for North American natural gas...

Some Americans may be reminded of the words of one-time New York gubernatorial candidate Jimmy McMillan — the rent is still "too damn high" — with the latest rental data showing a 17% surge in major U.S. cities from a year ago. Renters paid a median monthly rent of $1,807 in March, according to Realtor.com. That double-digit spike even outpaced an 8.5% increase in consumer prices during the same period, with inflation hitting a 40-year high in large part due to higher costs at the gas pump.

BREAKING: Pennsylvania Trumper is tackled by police and charged with resisting arrest, criminal mischief, harassment, and disorderly conduct after being busted putting multiple anti-Biden stickers on a gas station’s pumps. RT TO THANK THE GAS STATION FOR CALLING THE COPS ON HIM!— Occupy Democrats (@OccupyDemocrats) April 9, 2022

A Pennsylvania man fed up with rising gas prices was arrested after he put stickers on fuel pumps featuring a finger-pointing Joe Biden that say 'I did that!' in a protest gaining traction around the country.

President Joe Biden on Thursday reacted to the latest report showing soaring inflation numbers for February by blaming Russian President Vladimir Putin. “[T]oday’s inflation report is a reminder that Americans’ budgets are being stretched by price increases and families are starting to feel the impacts of Putin’s price hike,” the White House said in a statement sent to reporters in Biden’s name.

BlackRock has taken a $17 billion loss as a result of its Russian exposure since Putin’s invasion of Ukraine began in late February—and it’s not the only Western bank set to take a sizable hit. International banks are owed roughly $121 billion by Russia-linked entities, according to data from the Bank for International Settlements—and because of the recent decoupling of the West and Russia, they are unlikely to get most of that money back. BlackRock’s clients held around $18.2 billion in exposure to Russia-linked assets as of the end of January, the firm revealed. The world’s largest asset manager declined...

President Joe Biden complained Friday he was “sick” of Americans blaming him for inflation instead of the coronavirus pandemic or Russian President Vladimir Putin. “I’m sick of this stuff… The American people think the reason for inflation is the government spending more money,” Biden said angrily. “Simply. Not. True.”

Russian Mission asked for a meeting of #SecurityCouncil for 11 March to discuss the military biological activities of the US on the territory of #Ukraine https://t.co/51LOJwi6zy— Dmitry Polyanskiy (@Dpol_un) March 10, 2022

President Joe Biden said the ban is a 'powerful blow to Putin's war machine' during White House remarks The ban will be levied by the US alone without European Union allies, which rely more on Russian energy Biden used their reliance on Russian oil and gas as a reason to accelerate the move toward clean energy, which he said 'will mean that no one has to worry about price at the gas pump in the future' American markets only bought 3.5 percent of their crude oil from Russia last year, with most from Canada Domestic gas prices have skyrocketed since...