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 >
Behind the surge is much higher prices for food, energy, rent, airline tickets and and new and used cars. read more >
The Chicot County project is set to be first of kind in South. read more >
Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth. read more >
Gasoline is up an average of 48% in the past year. Airline tickets are up 24%, men's suits nearly 15%, bacon 18%. read more >
Administration officials said the move will save drivers an average of 10 cents per gallon. 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 >
Output from utilities fell 1.5%, reflecting unusually warm December weather that reduced heating demand. read more >
