Biden urges oil companies to boost supply, slams high profit margins as 'not acceptable' in new letter
CNN
President Joe Biden is calling on major oil refinery companies to take "immediate actions" to ramp up supply, telling them in a new letter that "historically high" profit margins are unacceptable at a time when Americans continue to see soaring prices at the gas pump.
The letter is part of Biden's effort to shift blame for soaring gas prices, which have become a major political problem, though the reality remains that there is not much he can do about it.
"At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable," the President writes in a letter dated Tuesday that was sent to seven companies. "There is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing. But amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain."
President Donald Trump’s administration asked the Supreme Court in a series of emergency appeals Thursday to allow him to move forward with plans to end birthright citizenship, elevating a fringe legal theory that several lower courts have resoundingly rejected.
A federal judge has ordered half a dozen federal agencies to “immediately” reinstate probationary employees fired last month as part of the Trump administration’s effort to rapidly shrink the federal workforce.
The Trump administration is expected to invoke a sweeping wartime authority to speed up the president’s mass deportation pledge in the coming days, according to four sources familiar with the discussions.
The man said he was locked in an eight-by-nine-foot room and was fed two sandwiches a day with two cups of water for years, according to a police affidavit in Connecticut.
Pete Buttigieg is expected to forgo a run for Michigan’s open US Senate seat in 2026, according to two people familiar with the former transportation secretary’s plans, setting up a potential presidential bid in 2028.
The ambiguity of the president’s warning could pave the way for lawsuits. It also could be damaging, critics say, if it has the effect of stifling freedom of speech, among the nation’s most fundamental and heralded rights.
New Hampshire Democratic Sen. Jeanne Shaheen’s decision to not seek reelection marks the latest bit of tough luck for Senate Democrats, who face an increasingly challenging midterm election map as they fight to climb out of the minority.
President Trump’s move to revoke deportation protections for Venezuelans has sparked a sense of betrayal in Doral, Florida, a Miami suburb that is home to more Venezuelan immigrants than any other city in the US.
A month after losing her job at the Department of Veterans Affairs, Corinne Bazarnyj is still waiting to be approved for unemployment benefits.
An explosion on the Texas Tech University campus in Lubbock set off fires and power outages Wednesday, leading school officials to issue evacuation orders for several buildings and cancel classes for the rest of the week.
Tim Walz is headed back out on the road – this time, for a tour of House districts represented by Republicans, some of whom have stopped holding town halls amid the raucous receptions their colleagues have gotten across the country.
Ecuadorian President Daniel Noboa has announced a “strategic alliance” to fight organized crime with Erik Prince, the founder of the controversial private defense contractor formerly known as Blackwater.
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