Republicans will take over the U.S. House of Representatives two years into President Joe Biden’s term, though their narrow majority looks set to cause headaches for GOP leaders. Republican hopes Read more
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Opinion: Opinion: Biden’s energy policies make Powell’s job controlling inflation tougher
For President Joe Biden, tapping the Strategic Petroleum Reserve to lower gasoline prices RB00, -1.02% —along with pardons for federal marijuana possession convictions and forgiving student debt—was a key midterm election strategy. He Read more
Midterm election results: Control of House and Senate too close to call
The battle to control the U.S. House and Senate was too close to call early Wednesday, as Republican hopes for a strong red wave in the midterm elections appeared to Read more
Opinion: Why inflation will likely stay sky-high regardless of which party wins the midterms
Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem. Indeed, Republican candidates are taking full advantage Read more
Twitter adds fact-check to Biden White House’s tweet bragging about Social Security’s COLA of 8.7%
A White House tweet taking credit for the upcoming big cost-of-living adjustment for Social Security benefits has drawn a clarification from Twitter, along with criticism from Republicans. “Seniors are getting Read more
Opinion: Supply-side challenges frustrate the Fed and other central bankers
These are tough times for central bankers. As they tighten monetary policy to combat inflation, governments in the U.S., U.K. and EU spend too much, and supply-side problems are becoming Read more
Why have gas prices in the Northeast jumped in the past week?
The bad news is that gasoline prices have spiked in the U.S. Northeast in the past week. The good news is that prices probably won’t climb for long — and Read more
What the midterm elections could mean for the financial sector, energy and more
One poll this month found record interest in the 2022 midterm elections, which are now less than two weeks away. Analysts focused on key sectors are among those paying close Read more
Biden to promise bill codifying abortion rights if Democrats keep Congress
With three weeks to go until Election Day for the midterm races, President Joe Biden on Tuesday is slated to talk up his party’s support for abortion rights, as Republicans Read more
Biden official says ban on gasoline exports still on the table, as White House responds to OPEC+ supply cut
Top White House economic adviser Brian Deese said Thursday that a U.S. ban on exports of gasoline and other refined petroleum products still was under consideration, as Biden administration officials Read more