Tag Archives: Biden

On Friday, three days ahead of tax day for most Americans, President Joe Biden and Vice President Kamala Harris released the completed tax returns from their first year in office. In a notable contrast to former President Donald Trump, Biden has now made 24 years of his tax returns public. Harris has released 18 years of her returns. Biden, 79, filed jointly with his wife Jill, reporting an adjusted gross income of $610,702. The majority of their money came from their salaries. Jill Biden, a… Source link

President Biden says he’s doing “everything within my power” to lower inflation. But he’s not. What he’s really doing is making a calculated bet that inflation will break without forcing him to abandon some key political principles. If he’s right, his ratings will improve, along with the odds for Democrats’ electoral success. If he’s wrong, Democrats will likely suffer a wipeout in this year’s midterm elections, with a possible recession looming over the second half of… Source link

Biden administration officials have been publicly and privately cajoling energy executives to increase production and help lower gasoline prices, which are well above $4 per gallon. Asking won’t work, however. Even if they ask nicely. Oil and natural gas producers base drilling decisions on economic factors and profitability estimates, not on requests from politicians. If President Biden wanted to, his administration could adjust federal policy in ways that would make fossil fuel… Source link

Inflation is the biggest threat to Joe Biden’s presidency. Prices are rising nearly 8% per year, and could go higher still before Federal Reserve rate hikes or other measures bring some relief to family budgets. But inflation isn’t the only risk Biden faces, and a key cohort of voters have another major complaint: student debt. As a candidate in 2020, Biden pledged to cancel up to $10,000 in student debt per borrower. As president, however, Biden has done very little, and he’s once… Source link

President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a release would help the oil market rebalancing in 2022, increasing supply by 1 millions barrels per day for six months, for example. This would reduce the amount of necessary price-induced demand destruction, the sole oil rebalancing mechanism currently available in a world devoid of inventory buffers… Source link

In what has become a familiar pattern, former President Donald Trump has once again solicited help from a foreign leader in exposing possible dirt to try to wound a political enemy. Trump, who was impeached in 2019 for his request to Ukrainian President Volodymyr Zelensky that he do Trump a “favor” by investigating Joe Biden’s son Hunter, told right-wing television host John Solomon in an interview published Tuesday that he wanted Russian President Vladimir Putin to shed light on unverified… Source link

European stocks: US President Joe Biden gives a joint press statement with European Commission President Ursula von der Leyen in Brussels, Belgium. Photo: Evelyn Hockstein/Reuters European stock edged higher on Friday as US president Joe Biden and European officials announced plans to send US natural gas to Europe. The FTSE 100 (^FTSE) was up 0.1% to 7,482, while the French CAC (^FCHI) was 0.1% lower. The DAX (^GDAXI) was up by 0.2% as trading closed in Europe. Across the pond, stocks stalled… Source link

WASHINGTON — Speaking from Brussels while meeting with European leaders about Russia’s war with Ukraine, President Biden indicated he would relish a rematch with Donald Trump in the next presidential election. “I’d be very fortunate to have the same man running against me,” Biden said during a press conference at which he was asked about whether he would seek reelection in 2024. As has frequently been the case since he took office, Biden did not mention Trump by name, though he said… Source link

President Biden has good intentions on climate change. His plan to halve carbon emissions by 2030 is on the scale energy and climate experts say is necessary to prevent the worst damage a warming planet could cause. He favors aggression action without the massive overshoot far-left schemes such as the “Green New Deal” would entail. That fits with his desire to make big changes that have at least some bipartisan support and can survive political turnover in Washington. Yet Biden now finds… Source link

Alabama Attorney General Steve Marshall testified Thursday as a Republican witness in opposition to the confirmation of President Biden’s Supreme Court nominee, Ketanji Brown Jackson, but instead made headlines over his refusal to acknowledge Biden as the “duly elected and lawfully serving president of the United States.” Marshall was questioned by Sen. Sheldon Whitehouse, D-R.I., who focused his initial line of questioning on Marshall’s views about Biden. “Is Joseph R. Biden of Delaware the… Source link