ECONOMIC POLICY

Western leaders walk out as Russian officials address G-20

World leaders have gathered in D.C. for meetings of national finance ministers.

By Jeff Stein and Stefano PitrelliApril 20, 2022

The U.S. will boycott some G-20 meetings to protest Russia’s invasion

The U.S. treasury secretary is set to skip meetings of international leaders over Russia's presence.

By Jeff SteinApril 19, 2022

Biden to nominate Michael Barr as Fed’s top banking cop

The president’s initial pick, Sarah Bloom Raskin, withdrew her nomination amid a GOP boycott of her confirmation.

By Rachel SiegelApril 15, 2022

Biden takes additional steps to ease gas prices as inflation rises

The White House will issue an emergency waiver to allow use of blended biofuels over the summer hours after report is expected to show inflation keeps surging.

By Annie Linskey,  Tyler Pager,  Jeff Stein and Evan HalperApril 12, 2022

Higher interest rates could help, Powell says. Not everyone agrees.

The Federal Reserve has outlined a fix it says can help both problems plaguing the economy. Economists say it’s much more complicated.

By Rachel SiegelApril 11, 2022

ACLU helped defeat plan to seize Russian oligarchs’ funds for Ukraine

A bipartisan bill to send seized oligarch assets to Ukraine has stalled.

By Jeff SteinApril 8, 2022

Some economists celebrate Biden’s economy, even if the public doesn’t

Some economists are frustrated, if not perplexed, by the apparent dissatisfaction with an economy producing record job growth.

By Jeff SteinApril 7, 2022

President Biden appears to back broadening union push at Amazon

"By the way, Amazon here we come," the president said in a speech to the building trades.

By Jeff SteinApril 6, 2022

Biden extends federal student loan payment pause through Aug. 31

President Biden extended the suspension of federal student loan payments through Aug. 31, saying “We are still recovering from the pandemic and the unprecedented economic disruption it caused."

By Danielle Douglas-Gabriel and Andrew Van DamApril 6, 2022

Some Fed officials wanted larger March rate hike despite uncertainty

In the weeks since, policymakers have signaled more aggressive hikes could come in the next few months.

By Rachel SiegelApril 6, 2022

White House expected to extend student loan payment pause

The Biden administration is gearing up to once again extend the suspension of federal student loan payments, according to people familiar with the matter. The pause was set to end in May.

By Danielle Douglas-Gabriel and Jeff SteinApril 5, 2022

Fed official: Inflation falls hardest on poorer families

Federal Reserve governor Lael Brainard said policymakers don’t have enough data to fully capture the disparity as inflation soars to highest level in 40 years.

By Rachel SiegelApril 5, 2022

U.S. impedes Russia’s debt payments as new sanctions package emerges

A default would be the most severe economic consequences of the war to date on Moscow.

By Jeff Stein and Aaron GreggApril 5, 2022

U.S. weighs tougher Russia sanctions after evidence of Bucha killings

No final decisions have been made, but U.S. officials are looking at stiffening the penalties against Moscow amid global outcry over civilian deaths.

By Jeff Stein and John HudsonApril 3, 2022

Biden unveils plan to release 1 million barrels of oil per day

The announcement is expected on Thursday amid concern about rising prices at the pump.

By Tyler Pager and Jeff SteinMarch 31, 2022

Four takeaways from President Biden’s budget proposal

From reducing the deficit to some outdated inflation expectations, here’s a look at the nearly $6 trillion plan

By Rachel Siegel and Alyssa FowersMarch 28, 2022

Biden budget pivots to deficit concerns while boosting military, domestic programs

In a shift, the administration is putting fiscal responsibility at the center of its economic agenda.

By Jeff SteinMarch 28, 2022

President Biden to unveil new minimum tax on billionaires in budget

The plan would establish a 20 percent minimum tax rate on income above $100 million.

By Jeff SteinMarch 26, 2022

White House studies options on gas prices as Sanders pushes profits tax

Liberal Democrats in Congress try to push President Biden into a more adversarial approach with industry over prices at the pump.

By Jeff SteinMarch 25, 2022

Biden aides explore rarely used sanctions weapon against Russia

No final decision has been made to enact “secondary sanctions,” as the White House announces more modest measures.

By Jeff Stein and Jeanne WhalenMarch 24, 2022