Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check
WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this...
Elections
Student Loan Servicers Told to Hold Off on Sending Billing Statements
WASHINGTON—The federal government’s student loan servicing contractors have been instructed to hold off on sending billing statements ahead of an...
Sen. Joe Manchin Balks at Global Minimum Tax Championed by Biden
WASHINGTON—The Biden administration’s international tax agenda suffered a setback when Sen. Joe Manchin rejected a 15% minimum tax on multinational...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
Rising Risk of Recession Creates New Headache for Biden
The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession,...
Democrats Launch Attempt to Rescue Biden’s Economic Agenda
WASHINGTON—Democrats began a last-ditch effort to cobble together a narrower version of President Biden's once-sweeping economic agenda that could win...
Senate Expected to Confirm Brainard as Federal Reserve’s Vice Chairwoman
Federal Reserve governor Lael Brainard is poised to win confirmation as the central bank’s vice chairwoman after clearing a procedural...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
Biden Extends Pause on Federal Student-Loan Payments Through August
WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, setting up a politically...
Senate Republicans Block Vote on Biden’s Fed Nominees
WASHINGTON—Senate Republicans refused to attend a crucial committee vote on President Biden’s nominees to the Federal Reserve over a disagreement...
Peter Thiel to Step Down From Facebook Parent Meta’s Board
Peter Thiel, one of Facebook’s earliest investors and its longest-serving outside board member, is planning to step down from his...
House Approves Increase in Debt Ceiling, Sending Measure to Biden
WASHINGTON—Congress passed a measure raising the government’s borrowing limit by $2.5 trillion, sending to President Biden’s desk legislation that is...
WSJ News Exclusive | MyPillow to Pull Ads From Fox News in Disagreement With Network
The chief executive of MyPillow Inc., one of Fox News’s big advertisers, said he is pulling his ads from the...
