The proposal brought immediate backlash from both environmentalists — who accused Biden of betraying the climate cause — and oil industry officials and allies, who said it would do little to help counter high energy prices. read more >
The Fed's three-quarter-point rate increase exceeds the half-point hike that Chair Jerome Powell had previously suggested was likely to be announced this week. read more >
The figures indicate that rising prices will continue to erode Americans' paychecks and wreak havoc on household budgets in the coming months. read more >
Pipeline companies for years resisted new valve requirements because of the expense of installing them and concerns they could close accidentally and shut off fuel supplies. read more >