Apr 28 Watch 6:13 A divided Congress grapples with rising gas prices, COVID relief and immigration By Lisa Desjardins, Tyriana Evans, Saher Khan Lawmakers returned to Capitol Hill this week and were met with a growing list of legislative items to tackle. From funding for Ukraine to more COVID relief, there’s a lot they’re hoping to accomplish before the legislative calendar is upended… Continue watching
Apr 28 Top Democrats push for federal crackdown on price gouging By Matthew Daly, Kevin Freking, Associated Press Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging. Continue reading
Apr 18 Watch 5:35 Why both climate activists and the oil industry are unhappy with Biden's new drilling leases By Stephanie Sy, Courtney Norris, Ryan Connelly Holmes Facing rising prices, the Biden administration is forging ahead with a plan to sell new leases for oil and gas drilling on a small portion of federal land. Some climate activists say President Biden is breaking his campaign promise to… Continue watching
Apr 12 Watch 7:38 Inflation hits new historic high, painting a bleak economic picture Inflation numbers released Tuesday by the U.S. Labor Department show prices are up in nearly every consumer category, but especially energy costs. President Biden traveled to the midwest to explain how his administration is going to ease the pain at… Continue watching
Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading
Apr 06 Watch 3:34 U.S. lawmakers grill oil executives about sharp rise in gas prices By Amna Nawaz, Courtney Norris, Tommy Walters Since Russia’s invasion of Ukraine, fuel prices have shot up and stayed high. Lawmakers on Capitol Hill Wednesday were laying blame for rising gas prices on executives from BP, Chevron, Shell, ExxonMobil and others. Meanwhile, everyday Americans are feeling the… Continue watching
Apr 01 Watch 12:45 Brooks and Capehart on Biden's shifting immigration policy, the Jan. 6 investigation New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including President Biden's decision to tap the country's strategic petroleum reserve, a return to pre-pandemic border policies and the… Continue watching
Mar 31 WATCH: Biden announces use of strategic oil reserves for 6 months to control gas prices By Zeke Miller, Josh Boak, Associated Press Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the U.S. imposed steep sanctions on Russia. Continue reading
Mar 31 Biden orders release of 1 million barrels oil a day from strategic reserve to hit brakes on gas prices By Zeke Miller, Josh Boak, Associated Press President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation's strategic petroleum reserve for six months in a bid to control energy prices. Continue reading
Mar 21 Saudi Arabia says it 'won't bear any responsibility' for high oil prices By Isabel Debre, Associated Press The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets. Continue reading