Biden

The debt ceiling debate in Congress is becoming louder, and markets are beginning to price a premium on U.S. debt by the end of the year. The Treasury is spending down its cash holdings by $1.5 trillion, the lowest level in recent times. The Federal Reserve reverse repo activity is at an all-time...

There’s a mixed tone early after an overnight rally flagged amid political turmoil in Washington, D.C., and concerns about more supply chain challenges. The coming decisions around the budget, debt ceiling, and other issues on Capitol Hill really appear to be the focus this week in a big way...

The Biden administration on Thursday announced an interim goal to produce 3 billion gallons of sustainable aviation fuel (SAF) per year by 2030 on the way to net-zero emissions by mid-century. Commercial domestic and international flights in the U.S. are responsible for 11% of the country's...

On this week's Drilling Deep podcast, host John Kingston kicks things off by looking at the unexpected call by the Biden administration for OPEC to put more oil on the market. The request for more supply may be coming just as the need for it is starting to fade.  Also on the podcast, the guest of...

Supply chain experts advising the Biden administration want the U.S. Department of Commerce to lead a multiagency effort to address a truck driver shortage they warn has "likely reached an all-time high." The International Trade Administration's Advisory Committee on Supply Chain Competitiveness (...

The ADP jobs report earlier in the week was a bit of a shocker, falling well short of expectations. Given how the ADP report has not been a consistent indicator of how well the private sector performs in the official BLS nonfarm payroll report, it set the tone for lower expectations for today...

President Biden on Thursday announced an ambitious new goal for the automobile industry – for EVs to make up half of all U.S. vehicle sales by 2030. The president signed an executive order declaring the non-legally binding milestone a priority, while also proposing new vehicle emission standards to...

Defining what it means to provide rail shippers with robust competitive options could be the lens that the Surface Transportation Board uses as it responds to an order from President Joe Biden aimed at promoting competition within the freight railroad and maritime industries.  But it remains to be...

The U.S. House of Representatives on Thursday passed a highway reauthorization bill that includes a provision to raise trucking insurance liability from $750,000 to $2 million, mandates automatic braking on new trucks and increases scrutiny of truck dispatch services. The Investing in a New Vision...

While you never want to spike the ball on the five-yard line, the stock market has a green tint this morning amid news of progress on an infrastructure deal. It’s got the market excited and is probably the main impetus for stocks being up so much overnight. Obviously, people have had their...

A bipartisan infrastructure plan in the U.S. government, costing little over $1 trillion, has been gaining support in the U.S. Senate, but disputes continue on how it should be funded, Reuters reports. Twenty-one (11 Republicans, nine Democrats and one independent) of the 100 U.S....

The right way to make America great again The biggest news from last week came on Thursday. that is, U.S. president Joe Biden stood in front of placards that read “Blue Collar Blueprint For America” and unveiled his Administration’s ambitious proposal. Among the revelations is a...

President Joe Biden's election signaled a stark change in policies and priorities from those of the Trump administration — not uncommon when the White House flips political parties — highlighted by a flurry of executive orders that started just hours after Biden was inaugurated. Included in those...