Tag Archives: administration

WASHINGTON (AP) — John Kerry, the U.S. special envoy on climate, is stepping down from the Biden administration in the coming weeks, according to two people familiar with his plans. Kerry, a longtime senator and secretary of state, was tapped shortly after Joe Biden’s November 2020 election to take on the new role created specifically to fight climate change on behalf of the administration on the global stage. Kerry’s departure plans were first reported Saturday by Axios. Kerry was one of… Source link

[unable to retrieve full-text content]VTB CEO Kostin wants Yandex put into administration  AIM Group Source link

A 2017 report by the Inspector General for the National Science Foundation also found ethics concerns and recommended that the foundation “take corrective actions to strengthen controls over IPA conflicts of interests, including reassess controls to ensure staff do not have access to awards and proposals for which they are conflicted.” In a statement, FAS said that “we have strict policies in place to ensure the integrity and independence of the process by mandating a firewall between… Source link

The Biden administration expects to implement the first phase of a price cap on Russian oil exports this fall in coordination with the G7, with sights set on bringing additional Asian partners on board in the winter. “We’re trying to prevent a spike in global energy prices by avoiding a situation where Russia production just shuts down, and you see a subsequent spike in the price,” Assistant Treasury Secretary for Economic Policy, Ben Harris, told Yahoo Finance. The U.S. has been in… Source link

The Biden administration may trim mortgage costs for new and low-income homebuyers in a move to make homebuying more accessible, The Wall Street Journal reports. Industry officials are asking the Federal Housing Administration to cut premiums it charges for loans they insure by $50 to $70 a month per buyer, though some analysts say the federal agency is unlikely to make such deep cuts, the newspaper reports. Biden’s moves to make homebuying more affordable have so far centered on easing… Source link

Tobacco companies will be forced to reduce nicotine in cigarettes sold in the U.S. to nonaddictive, or minimally addictive, levels, if the Biden administration has its way. The policy could be announced as early as this coming week, The Wall Street Journal reported Friday. But it likely won’t take effect for several years. The U.S. Food and Drug administration would have to draft a proposed rule and open it for public comment. After it published the rule, tobacco companies could sue, delaying… Source link

When President Biden signed the Bipartisan Infrastructure Law last November, it promised $45 billion to help upgrade America’s spotty broadband infrastructure. This week, administration officials offered more details on how that money will be made available through a new “Internet for All” program that aims to bring high-speed internet to every part of the U.S. “We are going to ensure every American will have access to technologies that allow them to attend class, start a small… Source link

The White House announced $3.16 billion is on the way to help with the battery shortage in America. The money, which will come from funds in the recently enacted Bipartisan Infrastructure Law, was announced by the White House and the Department of Energy on Monday. Officials promise the money will help domestic manufacturers make more batteries in the U.S., iron out supply chain issues for components, and also mitigate some of the environmental impacts from battery manufacturing. “We need a… Source link

For SoFi CEO Anthony Noto, the topic of excessive student loan debt is personal and runs far deeper than him being CEO of a fintech company that refinances student loans. “My younger brother Tommy died in 2018, and it was a very traumatic experience for us as a family. My older brother and I were going through his belongings in his apartment a couple days after he passed away. On his desk was a letter from Mohela. I opened up that letter [from] a 47-year-old man who had been incredibly… Source link

Americans across the country are feeling the cost of war as they head to the gas pumps. Gas prices haven’t yet reached record highs (when adjusted for inflation), but they are at levels not seen since 2008 as a result of the Russian invasion of Ukraine and ensuing sanctions. On Tuesday, President Biden announced the ban on Russian energy imports — and warned about the ripple effects for regular Americans. And according to Brian Deese, director of the White House’s National Economic Council,… Source link