Mar 31 Watch 4:50 Biden taps U.S. oil reserves to counter rising gas prices President Biden announced a historic effort to lower gas prices that have skyrocketed since Russia invaded Ukraine. He said the administration would release 180 million barrels of oil from the Strategic Petroleum Reserve over the next six months. At one… Continue watching
Mar 31 Lawmakers near deal on trimmed $10 billion COVID bill By Alan Fram, Associated Press The price tag was a reduction from an earlier $15.6 billion compromise that fell apart weeks ago after House Democrats rejected cuts in pandemic aid to states to help pay for it. Continue reading
Mar 31 Watch 6:02 How tough sanctions against Russia could permanently reshape the global economy By Paul Solman, Diane Lincoln Estes The rise of oil prices since Russia invaded Ukraine five weeks ago is one key part of the larger economic fallout from the war and from the tough sanctions the U.S. and many other countries have imposed on Russia in… Continue watching
Mar 31 Vote counts begin in Amazon union elections in New York, Alabama By Haleluya Hadero, Associated Press If a majority votes in favor of a union at either location, it would mark the first successful U.S. organizing effort in Amazon history. Continue reading
Mar 31 Russia demands natural gas payments in rubles, leaves a loophole By Frances D'Emilio, Geir Moulson, Associated Press Russian President Vladimir Putin has issued a decree demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank. Continue reading
Mar 30 Watch 6:51 Democrats unveil new plan to increase taxes on billionaires By Lisa Desjardins, Dorothy Hastings President Biden unveiled a budget proposal this week that includes a new wealth tax targeting the richest Americans and aimed at addressing wealth inequality. The latest Democratic proposal would affect households worth $100 million or more. Dan Primack, business editor… Continue watching
Mar 30 The IRS is still working through last year's backlog. Here's what to know about your taxes this year By Hannah Grabenstein Tax season this year could get complicated. Here’s what filers need to know as this year’s April 18 filing deadline approaches. Continue reading
Mar 29 Americans are easing up on masks and other COVID safeguards according to AP-NORC poll By Russ Bynum, Emily Swanson, Associated Press Americans are letting their guard down as new COVID-19 infections plummet to their lowest level since July. But experts warn a new wave of cases is coming. Continue reading
Mar 29 Labor Department says U.S. job openings remain at historic highs By Christopher Rugaber, Associated Press Job openings stayed at a near-record level in February, little changed from the previous month, continuing a trend that Federal Reserve officials see as a driver of inflation. Continue reading
Mar 29 Poland blocks coal imports in an effort to reduce Russian energy dependency By Vanessa Gera, Associated Press Tuesday’s move is part of a larger strategy to reduce energy dependence on Russia which gained new urgency after the invasion of Ukraine. Continue reading