Joe Biden to call for three-month suspension of petrol and diesel taxes
.US President Joe Biden will call on Congress to suspend federal gasoline and diesel taxes for three months.
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.US President Joe Biden will call on Congress to suspend federal gasoline and diesel taxes for three months.
Oil prices tumbled by more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut fuel costs for drivers in the latest episode to aggravate relations between the White House and the U.S. oil industry. Brent crude futures were down $5.10, or 4.5%, to $109.55 a barrel while U.S. ...
The president's push faces uphill odds in Congress, which must act in order to suspend the taxes, and where many lawmakers, including some in his own party, have expressed reservations.
The energy industry also exposes how Biden's approach has made everything worse...
Energy companies are scheduled to meet Thursday with Energy Secretary Jennifer Granholm.