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Biden administration

Biden seeks to keep Powell in place, elevate Brainard at Federal Reserve

by Sabri Ben-Achour
Nov 22, 2021
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
President Joe Biden names Jerome Powell, left, as his nominee for Federal Reserve chair and Lael Brainard, right, as vice chair.
Jim Watson/AFP via Getty Images
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A Warmer World

Biden administration auctions oil and gas leases on 1.7 million acres of the Gulf of Mexico

by Samantha Fields
Nov 19, 2021
A court ordered the administration to resume the auctions it had suspended.
Drilling of the newly auctioned Gulf of Mexico gas and oil leases likely won't begin for seven to 10 years. Above, a drilling platform off the coast of Texas.
Tom Pennington via Getty Images
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Biden administration considers its options as gas prices rise

by Justin Ho
Nov 18, 2021
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
There are several factors that go into why the price for gas can be so different from country to country.
Justin Sullivan via Getty Images
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The infrastructure bill is on the president’s desk. What’s in it for rural America?

by Savannah Maher
Nov 15, 2021
Rural states with the most work to do on those fronts — like Alaska, Wyoming, Montana and Vermont — will receive the most funding per capita.
Street lights line an unpaved road in Kivalina, Alaska. Alaska is among the rural states to receive the highest per capita funding from the $1 trillion infrastructure bill.
Joe Raedle via Getty Images
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Congress' budget gurus may slow down Biden’s Build Back Better plan

by Kai Ryssdal and Richard Cunningham
Nov 11, 2021
Zach Moller talks about what a Congressional Budget Office score is and how it affects legislation.
Roosevelt Forward CEO Felicia Wong says President Biden and congressional Democrats may be able to implement their economic priorities through laws they already passed, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Act.
Win McNamee via Getty Images
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So what exactly is in the infrastructure bill?

by Matt Levin
Nov 8, 2021
And how exactly does it address the biggest challenges facing this economy?
President Joe Biden speaks Saturday, after the House passed the bipartisan infrastructure bill. It invests in climate-friendly transportation and addresses equity for marginalized communities, among other issues.
Samuel Corum via Getty Images
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When will we see the economic impact of new infrastructure spending?

by Sabri Ben-Achour
Nov 8, 2021
There are shorter- and longer-term projects in Biden's $1 trillion plan. State and local governments will influence how it’s spent.
President Biden's $1 trillion plan invests in long-term infrastructure change, although state and local officials will have plenty of say in how the money is spent.
Andrew Caballero-Reynolds via Getty Images
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Paid family leave would be a paradigm shift for many workers

by Meghan McCarty Carino
Oct 26, 2021
Even when the benefit is available, many Americans hesitate to use it. It's included in the Democrats' social-spending bill.
Though the Democrats' paid family leave proposal has been reduced from 12 weeks to four, it would still be a major change for Americans.
hobo_018 via Getty Images
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Housing advocates fight to maintain place in social-spending bill

by Amy Scott
Oct 25, 2021
Advocates had high hopes for the $320 billion initially included for housing, but the plan’s funding is being cut during negotiations.
President Joe Biden promotes his Build Back Better agenda in New Jersey on Monday. His plan to expand the nation's social safety net is being pared back by congressional negotiators.
Andrew Caballero-Reynolds/AFP via Getty Images
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Biden administration squeaks open door to tariff exemptions

by Sabri Ben-Achour
Oct 11, 2021
Some companies that won exemptions from levies on Chinese goods in the past will be able to apply for relief again.
President Joe Biden at the White House. The administration is reopening the application process for companies seeking to avoid paying tariffs on certain goods imported from China.
Mandel Ngan/AFP via Getty Images
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