Biden signs inflation act, hands pen to Manchin

WASHINGTON, Aug 16 (Reuters) – President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in US history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices and high inflation. At a White House event, Biden was joined by Democratic … Read more

U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

WASHINGTON, Aug 7 (Reuters) – The US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections. After a marathon, … Read more

Senate Democrats battle to pass $430 billion climate, drug bill

WASHINGTON, Aug 6 (Reuters) – The US Senate on Saturday began debating a Democratic bill to address key elements of President Joe Biden’s agenda – tackling climate change, lowering the costs of medication for the elderly and energy, while forcing corporations and the wealthy to pay more taxes. The debate began after the Senate voted … Read more

Key U.S. Senator Sinema agrees to $430 billion drug, energy bill

WASHINGTON, Aug 4 (Reuters) – Democratic US Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter’s approval of the bill, which Democrats intend to pass over Republican objections. Senate Majority Leader Chuck Schumer said earlier on Thursday the … Read more

Bezos slams Biden’s call for gasoline stations to cut prices

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register July 3 (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s … Read more

Biden demands oil companies explain lack of gasoline as prices rise

Gas prices over the $6.00 mark are advertised at a 76 Station in Santa Monica, California, US, May 26, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 15 (Reuters) – US President Joe Biden on Wednesday demanded oil companies explain why they aren’t putting more gasoline on the market, … Read more

Facing record inflation, Biden chides Exxon, oil companies for profits

US President Joe Biden speaks during the opening plenary session at the Ninth Summit of the Americas in Los Angeles, California, US, June 9, 2022. REUTERS/Daniel Becerril Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, June 10 (Reuters) – US President Joe Biden on Friday accused the US oil industry, and Exxon … Read more

Yellen says inflation to stay high, Biden likely to up forecast

WASHINGTON, June 7 (Reuters) – US Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. During a Senate Finance Committee hearing, Yellen said that the United States was dealing with “unacceptable … Read more

Emerging markets suffer $9.8 billion outflow in March with big hit to China

Investors sit in front of a board showing stock information at a brokerage house on the first day of trade in China since the Lunar New Year, in Hangzhou, Zhejiang province, China February 3, 2020. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register April 4 (Reuters) – Emerging markets suffered … Read more

G20 members condemn Russia’s war in Ukraine, after Yellen and others stage walkout

WASHINGTON/LONDON, April 20 (Reuters) – Top officials from Britain, the United States and Canada walked out on Russia’s representatives at a Group of 20 meeting on Wednesday and many members spoke to condemn Moscow’s war in Ukraine, exposing deep divisions in the bloc of major economies. Indonesian Finance Minister Sri Mulyani Indrawati, who chaired the … Read more