Jerome Powell would be the right apolitical candidate to continue heading the US Federal Reserve, President Joe Biden said.
The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices.
Powell, 68, will need to be confirmed by the Senate, currently controlled by Biden's Democratic party but closely divided
It was supposed to be a moment of triumph for Joe Biden. The Democratic president had just signed into law the most significant infrastructure package in generations. And he had done it by bringing Democrats and Republicans together, just as he promised during last year's campaign. But when Biden arrived in New Hampshire last week to promote the USD 1 trillion package at the foot of a crumbling bridge, not all of his VIP guests were in the mood to celebrate. Democrats are concerned, former state House Speaker Steve Shurtleff, a longtime Biden supporter who attended the ceremony, told The Associated Press when asked about Biden's political standing. I'm concerned about where we may be in another couple of years when people really start to gear up and start making trips to New Hampshire. Shurtleff was openly saying what a growing number of Democrats have been whispering for months: Biden's political standing is so weak less than a year into his presidency that he may not be able to
With the Biden administration now insisting on resolving irritants first, rather than going for a mini deal, the focus on Trade Policy Forum has again emerged.
What does the breaking up of General Electric tell us about the future of Indian conglomerates? What does the virtual summit between US President Joe Biden and Chinese President Xi Jinping tell us about India’s future ties with the US? And, what does India need to do, to make green hydrogen affordable?
The grind of legislating, treacherous for some, a sport for others, and often unsuccessful in the slow-moving Congress, is where Pelosi resides
China has hit out at US President Joe Biden for considering a diplomatic boycott of next year's Beijing Games
The buildup of Russian troops near Ukraine has left US officials perplexed, muddying the Biden administration's response. Some Republican lawmakers have been pressing the US to step up military support for Ukraine. But that risks turning what may be mere muscle-flexing by Russian President Vladimir Putin into a full-blown confrontation that only adds to the peril for Ukraine and could trigger an energy crisis in Europe. But a weak US response carries its own risks. It could embolden Putin to take more aggressive steps against Ukraine as fears grow he could try to seize more of its territory. And it could cause more political damage for President Joe Biden at a time his popularity is dropping. Knowing how to strike the right balance would be easier if the US had a better understanding of what Putin was trying to accomplish. But top officials admit they don't know. We're not sure exactly what Mr. Putin is up to, Defense Secretary Lloyd Austin said Wednesday. A week earlier, Secretar
According to reports, the UK government is actively discussing the possibility of not sending officials to the Winter Olympics in Beijing
President Joe Biden remains healthy and vigorous and fit for duty, but is showing some signs of aging, his doctor said Friday
A fractious US House handed President Joe Biden a marquee victory by approving a roughly $2 trillion social and environment bill
The US House of Representatives has narrowly passed President Joe Biden's roughly $2 trillion social spending and climate bill, sending it to the Senate, where it faces changes.
The House passed the measure in a 220-213 vote
The announcement of a range-wide evaluation of habitat plans for greater sage grouse came after the Trump administration tried to scale back conservation efforts
President Joe Biden's USD 1.85 trillion plan to boost social and education programmes as well as protect against global warming has passed the House, pushing it one step closer to law.
President Joe Biden was headed to Walter Reed National Military Medical Center on Friday for his first routine physical exam as president
China lashed out at Joe Biden for considering a diplomatic boycott of Winter Olympic Games over China's human rights abuses, saying Washington is trying to politicise the international sporting event
US President Joe Biden has confirmed that he is mulling a diplomatic boycott of the upcoming Winter Olympics in Beijing, CNN reported.
Sneering with disdain one minute, spilling sarcasm the next, McCarthy carried on for hours as Thursday night became Friday morning