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Biden releases reserve gasoline in Northeast

Energy Secretary Jennifer Granholm described the effort as “a strategic release of these reserves” in a statement about the announcement Tuesday. From Memorial Day to July 4th” She said this is being done to “ensure there is sufficient supply in the tri-state area and the Northeast at a time when hardworking Americans need it most.” […]

Biden administration releases 1M barrels of reserve gasoline in effort to lower prices

The Biden administration is releasing about 1 million barrels of spare gasoline supplies as part of an effort to lower pump prices in the northeastern United States. In a statement about the announcement, Energy Secretary Jennifer Granholm on Tuesday described the effort as a “strategic release of this reserve between Memorial Day and the Fourth […]

Biden Admin Tapping Into Key Gasoline Reserve To Tame Prices As 2024 Election Looms

The Biden administration announced Tuesday that it will tap into emergency gasoline reserves to sharply lower prices ahead of the 2024 election. Department of Energy (DOE) announced announced the release of 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve (NGSR) with the express purpose of lowering gas prices. The NGSR was established […]

Inflation, Federal Reserve, NABE | Fox Business

Kevin O’Leary, Chairman of O’Leary Ventures, discusses the outlook for the U.S. economy and stock market on “Kudlow.” Inflation is likely to remain above desired levels for the remainder of this year, according to a new study by top US economists. “With rising inflation expectations, panelists now expect the Federal Reserve’s Open Market Committee to […]

Thomas Massie introduces bills to audit, abolish the Federal Reserve

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Biden Must Stop Playing Politics With The Strategic Petroleum Reserve

Oil and gasoline prices are rising now, just in time to become an issue for the 2024 presidential election campaign. The U.S. domestic price for West Texas Intermediate topped $86 per barrel in Friday trading, while the international Brent index briefly hit $91 before dropping slightly below that level. These are the highest prices for […]

Federal Reserve Chairman: Migration Boosts Mortgage Rates

President Joe Biden’s immigration crisis is causing mortgage rates to rise, putting a strain on young couples and families, according to the president of the Minneapolis Fed. “The long-term impact of increased immigration on inflation is unclear, but immigrants still need a place to live, and their arrival in the U.S. likely increased demand for […]

Federal reserve president says rate cuts may not come in 2024

Claman Countdown panelists Ted Weisberg and Tim Urbannowicz discuss interest rates, Apple’s iPad Pro, and Disney’s earnings. minneapolis federal reserve President Neel Kashkari said on Tuesday the central bank needs to keep interest rates unchanged for the “long term”, which could last until the end of the year. Kashkari spoke at the Milken Institute conference, […]

Federal Reserve is giving money away. It could destroy more than your wallet

Breitbart economics and finance editor John Carney offers his outlook ahead of the 2024 presidential election in “The Bottom Line.” Federal Reserve Chairman Jerome Powell spoke on May 1, trying to project an image of mild optimism. But like the Wizard of Oz, the Fed doesn’t want you to draw attention to the real problems […]