[Stay on top of transportation news: Get TTNews in your inbox.] The US president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week. The effort, announced May 12 by House Speaker Nancy Pelosi, […]
CNN — The Biden administration announced Wednesday it would cancel three upcoming offshore oil and gas leases – two in the Gulf of Mexico and one in Alaska – over a lack of interest and delays. The cancellation of the previously planned Cook Inlet sale in Alaska, as well as the lease sales in the […]
Washington’s latest inflation report shows prices rising by 8.3% over the past year and core inflation (which excludes volatile food and energy prices) continuing to accelerate. Real wages have failed 2.7%. Moody’s Analytics and Penn-Wharton estimate that inflation is costing the average household $300 per month. A Harris poll reveals that 84% of Americans are […]
Gasoline prices in the US hit a new record on Thursday — the same day the Biden administration canceled three oil-and-gas lease sales. Republican lawmakers are pointing to surging fuel costs as a rationale for selling more leases to drill on federal lands, with some criticizing President Biden’s decision as hurting America’s energy independence. Alaska […]
BUCHA, Ukraine (AP) — As he listened to his father die, the boy lay still on the asphalt. His elbow burned where a bullet had pierced him. His thumb stung from being grazed. Another killing was in progress on a lonely street in Bucha, the community on the outskirts of Ukraine’s capital, Kyiv, where bodies […]
Americans are unhappy about the economy. They report less confidence in it than they did at the start of the Covid pandemic, when the unemployment rate was four times as high as it is now. Their feelings toward the economy are almost as low as they were during the depths of the Great Recession in […]
FOX Business’ Ashley Webster and Lauren Simonetti analyze Thursday’s opening bell as the market reacts to inflation data hovering near 40-year highs. Kaltbaum Capital Management President Gary Kaltbaum, during an interview on FOX Business’ “Varney & Co.” discussed the “monstrous bubble” created by the Federal Reserve as the US continues to grapple with inflation, arguing […]
In 2014, I was fresh out of college and thought I had my life all planned out: Go to medical school, get a six-figure job as a doctor, and make my parents proud. None of that worked out. I realized I hated blood and needles, and got rejected from more than 15 medical schools. My […]
The first time I fired someone, it was a debacle. Why it matters: I was as subtle as a sledgehammer. My lack of finesse — and dignity in delivery — got me an F. The backstory: It was early 2007. John Harris, one of our Politico co-founders, and I decided we had to let one […]
Dozens of New Jersey gas stations plan to offer discounted fuel on Friday in the latest push to convince state leaders to allow for self-service. You won’t have to pump your own gas to get the price break from record high gas prices during the Fuel Your Way NJ coalition’s Self-Serve Day of Awareness. The […]