Tag Archives: Biden

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 10, 2022 Plaudits for Biden on crypto order, but challenges loom The pistol for cryptocurrency regulation has officially been fired — and the crypto world is ready and raring to go. On Wednesday, the Biden administration issued its hotly-anticipated executive order that directs the federal government (with the advice and consent… 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

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets. The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion. The… Source link

WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion…. Source link

When President Joe Biden wanted to talk about building electric vehicle chargers as part of his “Made in America” initiative last week, he turned to the U.S. wing of a German technology conglomerate. It was Siemens USA CEO Barbara Humpton who was on stage with the president on Friday to announce $54 million in new investments, including a new plant that promises to be a centerpiece of the company’s efforts to produce over a million EV chargers in the U.S. over the next four years. The… Source link

The authors are former commissioners of the IRS. The IRS is in crisis. Geoffrey Chaucer said 632 years ago that curses come back to haunt their originator, just as birds come back to their own nest. He didn’t realize it at the time, but he correctly predicted that years of starving the Internal Revenue Service of funds would create a deep level of dysfunction that is a curse on millions of honest taxpayers. Taxpayers owed refunds are often not getting them and cannot find out why; taxpayers… Source link

President Joe Biden focused much of his State of the Union address tonight on Russia’s invasion of Ukraine but he also wanted Americans to hear his message on surging inflation. “One way to fight inflation is to drive down wages and make Americans poorer,” he said as he attempted to reframe his domestic agenda, adding “I have a better plan to fight inflation: lower your costs, not your wages.” Biden delivered his optimistic economic message Tuesday to remind Americans of economic progress like… Source link

As President Biden prepares to deliver his first State of the Union address Tuesday night, a new Yahoo News/YouGov poll shows that a combination of Republican rancor and Democratic disappointment has left his approval rating languishing near an all-time low after a tumultuous first year in office. The survey of 1,532 U.S. adults, which was conducted online from Feb. 24 to 27, found that just 41 percent of them now approve of how Biden is handling his job — a number that has hovered between… Source link

On Wednesday, the Biden administration said it will set aside $450 million from the Bipartisan Infrastructure Law this year towards accomplishing one goal: unclogging U.S. ports. Individual ports, which operate as independent businesses, will soon be able to apply for money from the government to pay for a wide range of projects — from expanding terminals to constructing new piers to creating rail yards for moving goods. “At a foundational level, all of the projects to be chosen must… Source link

President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide strategy to regulate digital assets. According to an administration official familiar with the matter, the forthcoming directive will commission a study of a CBDC and ask a range of agencies – including the Departments of Treasury, State, Justice and Homeland Security – to develop… Source link