The debt limit is not a tool for "extortion," Biden adviser Lael Brainard says

The new head of the National Economic Council on inflation, supply chains, jobs and post-SVB bank regulation.
The investing in America agenda “is transformative," Lael Brainard says. "It has the power to reindustrialize the U.S. economy."
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After Norfolk derailment, Biden wants more funding for the EPA

Mar 16, 2023
The White House is proposing $12 billion to fund the agency, nearly 20% more than the EPA’s budget this year.
Ohio EPA Emergency Response looks for signs of fish and also agitates the water in Leslie Run creek following a train derailment in East Palestine, Ohio.
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EPA proposes new limits on forever chemicals in drinking water

Mar 16, 2023
PFAS are linked to health issues including cancer. Critics are concerned about the costs of complying with the proposed standards.
The Environmental Protection Agency headquarters in Washington, D.C.
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Buckle up for a big economics week in Washington

Mar 6, 2023
Fed Chair Jerome Powell testifies on Capitol Hill tomorrow and Wednesday. President Biden is set to release a budget outline on Thursday, and we get February jobs numbers this Friday.
Above, Federal Reserve Chair Jerome Powell testifies to Congress in June. He's slated to appear before lawmakers again this week to discuss the central bank's activities and a range of economic issues.
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New standards for EV chargers also mean new business opportunities

Feb 16, 2023
Standardization of electric vehicle chargers across the country mean they'll be able to serve all models of cars.
Tesla car sits parked at a Tesla Supercharger. The Biden administration's new standards for EV chargers announced this week could set the stage for more business opportunities.
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Biden student loan plan would let borrowers pay less, get forgiveness faster

Jan 10, 2023
People who borrowed less than $12,000 for undergrad schooling could have debt forgiven after making regular payments for a decade.
Under the regulations, people who borrowed less than $12,000 for their undergraduate education could receive debt forgiveness after making regular payments for a decade.
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For public good, not for profit.

After a year of drawdowns, the Biden administration moves to replenish the Strategic Petroleum Reserve

Dec 22, 2022
Analysts say the SPR is increasingly being used not just to cushion against oil price shocks, but to support prices.
A Strategic Petroleum Reserve storage site in Freeport, Texas. Currently, there's less oil in the reserve than at any point since 1984.
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New rule for electric car tax incentive delayed

Dec 20, 2022
The rule requires a percentage of battery components to be sourced in the U.S. or countries that have free-trade agreements with the U.S.
Electric vehicle tax credits are currently only available to people who buy cars assembled in the U.S. Above, EVs being produced in Michigan.
Jeff Kowalsky/AFP via Getty Images

Tribes make progress in push to co-manage public lands

Dec 2, 2022
While the push for tribal co-management isn’t new, the Federal government’s willingness to engage is, a University of Arizona professor says.
The Biden administration agreed to new commitments on tribal co-management of public lands at the White House Tribal Nations Summit.
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