Mar 01 60 million barrels of oil to be released from global strategic reserves amid war By David McHugh, Associated Press Russia plays an outsized role in global energy markets as the third-largest oil producer. Continue reading
Mar 01 Oil prices surge above $100 a barrel as war on Ukraine rages By Damian J. Troise, Alex Veiga, Associated Press The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine. Continue reading
Mar 01 WATCH: House panel explores legislation to protect online users, hold Big Tech accountable By Associated Press The House Energy and Commerce Committee is expected to hold a hearing about protecting online users and holding tech companies accountable when social media platforms are used in harmful ways. Watch here starting at 10:30 a.m. ET. Continue reading
Feb 28 What to know as Ukraine resists Russia’s advance By Associated Press The Russian military assault on Ukraine went into its fifth day after Russian President Vladimir Putin ordered his nuclear forces put on increased alert, ratcheting up tensions yet further. Continue reading
Feb 28 Ruble plummets amid global sanctions, sending Russians to banks and ATMs By Vladimir Isachenkov, David McHugh, Daria Litvinova, Associated Press Ordinary Russians are facing the prospect of higher prices as Western sanctions over the invasion of Ukraine sent the ruble plummeting. Continue reading
Feb 28 WATCH: President Joe Biden’s 2022 State of the Union address – A PBS NewsHour Special By Zeke Miller, Colleen Long, Associated Press Addressing a concerned nation and anxious world, President Joe Biden vowed in his first State of the Union address Tuesday night to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus. Continue reading
Feb 27 Watch 6:11 Sanctions, protests: How Putin’s war is impacting ordinary Russians By PBS NewsHour Hundreds of Russians have been arrested for demonstrating against Ukraine’s invasion across the country. Meanwhile, sanctions aimed at crippling Russia’s economy are slowly having an impact: the ruble is fluctuating, people are queuing up outside ATMs and prices are rising. Continue watching
Feb 27 In Russia, economic consequences of invasion begin to emerge By Associated Press Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs, while the Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs. Continue reading
Feb 25 Treasury: Most COVID rental aid went to low-income residents By Michael Casey, Fatima Hussein, Associated Press The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants. Continue reading
Feb 25 Key inflation gauge hit 6.1 percent in January, highest since 1982 By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1 percent in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine. Continue reading