Biden releases oil reserves to battle gas prices
President Biden announced plans to release oil from the Strategic Petroleum Reserve in an effort to bring down high gas prices. Ed O'Keefe shares more.
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President Biden announced plans to release oil from the Strategic Petroleum Reserve in an effort to bring down high gas prices. Ed O'Keefe shares more.
President Biden spoke Tuesday about how his administration is tapping an emergency oil reserve to increase supply and help lower gas prices at the pump. He also spoke broadly about the state of the economy. CBS News congressional correspondent Kris Van Cleave joins CBSN's Tanya Rivero to discuss.
President Biden will speak about rising gas prices and the state of the economy as his administration plans to release some oil from the Strategic Petroleum Reserve in an attempt to lower prices at the pump. Sean Sullivan, a CBS News political contributor and White House reporter for The Washington Post, joins CBSN to discuss the latest.
Target announced that a decision last year to close on Thanksgiving because of the pandemic is now permanent. The retail giant will close all of its stores on Thanksgiving.
President Biden is nominating Jerome Powell for a second term as Federal Reserve chair. Powell, a Republican who was originally nominated by President Trump, said he will focus on inflation if confirmed again.
The restaurant industry is struggling to recover from the coronavirus pandemic, and high inflation and rising prices contribute to the pain. New York City restaurant owner Jeff Katz joins CBSN's Lana Zak for more.
Dock workers say there is nowhere to store all the containers coming off of cargo ships, adding to the ongoing supply chain issues. Carter Evans takes a look.
Dock workers say there is no place to store containers once they come off the ships.
President Biden hit the road on Tuesday to promote his signature infrastructure deal, one day after after signing it into law. The president visited New Hampshire, where he discussed how the $1.2 trillion plan will help repair aging and damaged roads and bridges. Jeff Mason, a White House correspondent for Reuters, joins CBSN's Elaine Quijano to discuss.
Prices are rising throughout the country, making 2021's Thanksgiving dinner one of the most expensive holiday meals ever? Norah O'Donnell speaks to a farmer in Maryland about the skyrocketing costs of Thanksgiving feasts.
A holiday for family bonding and a large feast could see the table missing an American favorite: turkey. As supply chain issues continue to plague logistics grocers will have fewer turkeys available this year. John Lauritsen reports.
CBS News senior national correspondent Mark Strassmann reports on the nationwide spike in prices and supply chain problems that are fueling economic fears just before the holidays.
Neel Kashkari, the head of the Minneapolis Federal Reserve, expects inflation to continue to get worse before beginning to come down.
Janet Yellen sat down with "Face the Nation" moderator Margaret Brennan for a look at current work place shortages and supply chain issues nationwide.
The Biden administration says it's taking urgent steps to address supply chain congestion that's impacting the U.S. economy. Mike Pyle, chief economic adviser to Vice President Kamala Harris, spoke with CBSN's Anne-Marie Green and Vladimir Duthiers about the issue.
President Biden is paying his respects on Veterans Day, attending the annual wreath-laying ceremony at Arlington National Cemetery. CBS News senior White House correspondent Weijia Jiang has more on the president's day, his plans for signing the bipartisan infrastructure bill, and what lies ahead for his Build Back Better agenda.
The U.S. Labor Department says inflation has hit a 31-year high. President Biden addressed the rising inflation rate and promoted the newly passed bipartisan infrastructure bill in Baltimore yesterday. CBS News chief White House correspondent Nancy Cordes joined CBSN with more.
President Biden visited the Port of Baltimore to explain how his infrastructure plan can fix supply chain issues. Weijia Jiang has more.
Surveys show President Biden's infrastructure, social and climate spending plans are more popular than the president himself. Plus, the White House addresses inflation head-on. Washington Examiner political and investigative reporter Sarah Westwood and Wall Street Journal White House reporter Catherine Lucey join CBSN's "Red & Blue" anchor Elaine Quijano with more.
Last month, prices increased at the fastest pace in more than 30 years as companies struggle with supply chain issues and a labor shortage. Americans are now paying more for homes, food, fuel, medical care and many other goods and services. Anna Werner takes a look.
President Biden travels to Baltimore on Wednesday to promote the newly passed bipartisan infrastructure bill. He will deliver remarks at the city's ports as supply chain issues persist around the country. CBS News chief White House correspondent Nancy Cordes joins CBSN AM to discuss the latest.
Online shoppers are finding a growing number of products out of stock amid supply-chain snags.
November is traditionally one of the best months to find deals, but many hot products are in short supply or more expensive than usual.
Food banks are struggling to feed people in need as food prices increase and donations decrease amid supply chain issues. Mark Strassmann takes a look.
FedEx CEO Fred Smith says the company can make holiday deliveries on time, as long as it can hire the employees needed to do so.