First on CNN: White House explores tapping emergency diesel reserve to ease price spike
CNN
The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used stockpile in a bid to address a major supply crunch, a senior White House official told CNN.
The deliberations about tapping the Northeast Home Heating Oil Reserve underscore the level of concern inside the White House about record-high prices for diesel.
Diesel is a vital fuel for the US economy, powering not only farm and construction equipment but the trucks, trains and boats that move goods across the country. Skyrocketing diesel prices are likely to get passed along to families, contributing to America's worst inflation crisis in four decades.
Prosecutors seek 15 years in prison for former New Jersey Sen. Bob Menendez after bribery conviction
Prosecutors say former US Sen. Bob Menendez should be imprisoned for 15 years, after the Democrat from New Jersey became the first to be convicted of abusing a Senate committee leadership position and the first public official to be convicted of serving as a foreign agent.