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  • BREAKING NEWS

BREAKING NEWS

Roanoke County drivers asked to avoid part of West Main Street due to crash

BRIAN DEESE


Biden in State of Union exhorts Congress: 'Finish the job'

President Joe Biden has exhorted Republicans in his State of the Union address to work with him to “finish the job” of rebuilding the economy and uniting the nation.

Biden's top economic aide leaving White House

President Joe Biden’s top economic adviser, Brian Deese, is leaving his post.

Korean firm plans $2.5B in new solar panel plants in Georgia

A South Korean solar panel maker says it will invest more than $2.5 billion in two Georgia factories.

What Trump promised, Biden seeks to deliver in his own way

Donald Trump pledged to fix U.S. infrastructure as president.

Biden visits Arizona computer chip site, highlights jobs

President Joe Biden has visited the building site for an Arizona computer chip plant to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority.

Biden says inflation help is coming but 'will take time'

President Joe Biden is cautioning that “it’s going to take time” for inflation to recede.

Biden pitchman Landrieu hawks infrastructure and hope

Mitch Landrieu is the man entrusted with promoting President Joe Biden's $1 trillion infrastructure plan to the nation.

White House: New rule will show 'true cost' of plane tickets

President Joe Biden has announced a new initiative that would eventually allow consumers to see a more complete price on airline tickets before they buy them.

Treasury recommends exploring creation of a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.

Tentative labor deal averts threat of nationwide rail strike

Rail companies and their workers reached a tentative agreement to avert a nationwide strike that could have shut down the nation’s freight trains and devastated the economy less than two months before the midterm elections.

Bumps, bipartisanship in long fight for semiconductor bill

President Joe Biden will soon be signing into law a major bill to revive the U.S. computer chip sector.

Biden shrugs off recession talk, talks up fighting inflation

President Joe Biden and his administration are going all out to play down a sobering new economic report.

BTS visits White House to discuss combating hate crime surge

K-Pop sensation BTS is visiting the White House to discuss combating the rise in hate crimes targeting Asian Americans with President Joe Biden.

78,000 pounds of infant formula arrives in US

A military plane carrying enough specialty infant formula for more than half a million baby bottles arrived Sunday in Indianapolis.

Nearly 43,000 people died on US roads last year, agency says

Nearly 43,000 people were killed on U.S. roads last year.

Biden bets strong job market will shield economy from slump

The Biden White House is betting the U.S. economy is strong enough to withstand the threats to growth posed by inflation and the war in Ukraine.

Biden has long-term inflation plan, but voter patience short

President Joe Biden came into office with a plan to fix inflation but not the particular inflationary problem that the country now faces.

White House confident Biden's bill will pass House this week

President Joe Biden’s top economic adviser is expressing confidence the White House’s $1.85 trillion domestic policy package will quickly pass the House this week.

In budget turning point, Biden conceding smaller price tag

In budget turning point, Biden conceding smaller price tag

President Joe Biden’s and congressional Democrats’ push for a 10-year, $3.5 trillion package of social and environmental initiatives has reached a turning point.

Vote delayed, Democrats struggle to save Biden $3.5T bill

Vote delayed, Democrats struggle to save Biden $3.5T bill

Despite a long night of frantic negotiations, Democrats remain unable to reach an immediate deal to salvage President Joe Biden’s $3.5 trillion government overhaul, forcing leaders to call off promised votes on a related public works bill.

White House competition council seeks lower consumer prices

White House competition council seeks lower consumer prices

At the first meeting of a new White House council on U.S. economic conditions, participants are highlighting at least 18 actions taken to help consumers and potentially lower prices.

Biden team is seeking ways to address rising energy prices

Biden team is seeking ways to address rising energy prices

President Joe Biden’s administration is moving at home and abroad to try to address concerns about rising energy prices slowing the nation’s recovery from the pandemic-induced recession.

White House calls on states to prevent evictions

White House calls on states to prevent evictions

The White House is pressing state and local governments to swiftly adopt policies to protect renters after an eviction moratorium expired over the weekend.

Pelosi, Democrats call on Biden to extend eviction ban

Pelosi, Democrats call on Biden to extend eviction ban

House Speaker Nancy Pelosi and House Democratic leaders are calling on the Biden administration to immediately extend the nation’s eviction moratorium.

Roads, bridges, jobs: Biden selling big infrastructure deal

Roads, bridges, jobs: Biden selling big infrastructure deal

President Joe Biden is trying to sell Americans on the economic benefits of the $973 billion infrastructure package under consideration in Congress, declaring there is an urgent need for a “generational investment."

Biden taking bipartisan infrastructure deal on the road

Biden taking bipartisan infrastructure deal on the road

President Joe Biden will look to sell voters on the economic benefits of the $973 billion infrastructure package when he travels to Wisconsin on Tuesday.

‘We have a deal’: President Biden announces infrastructure agreement

‘We have a deal’: President Biden announces infrastructure agreement

President Joe Biden has announced a bipartisan agreement on a pared-down but still huge infrastructure plan.

For infrastructure deal, Biden eyes 'multiple paths forward'

For infrastructure deal, Biden eyes 'multiple paths forward'

President Joe Biden is pursuing “multiple paths forward” as he looks to muscle his big infrastructure package through Congress.

Biden says jobs report bolsters case for government spending

Biden says jobs report bolsters case for government spending

President Joe Biden is portraying the May jobs report as a jumping off point for more spending on infrastructure and education.

WH legislative team pursues 'politics is personal' strategy

WH legislative team pursues 'politics is personal' strategy

While President Joe Biden pitches his infrastructure plan to the American public, the real work of delivering his legislative agenda takes place behind the scenes.

Biden doubling spending to prepare for hurricanes, storms

Biden doubling spending to prepare for hurricanes, storms

President Joe Biden says he's doubling U.S. emergency spending to help communities prepare for hurricanes and other extreme weather events.

Biden directs US to mitigate financial risk from climate

Biden directs US to mitigate financial risk from climate

President Joe Biden is directing federal agencies to develop a comprehensive strategy to identify and manage financial risks to government and the private sector posed by climate change.

WH memo sees economic strength where critics see fragility

WH memo sees economic strength where critics see fragility

White House officials are seeking to quell any anxiety about inflation and the pace of hiring.

EXPLAINER: Capital gains tax hike targets wealthy investors

EXPLAINER: Capital gains tax hike targets wealthy investors

President Joe Biden is proposing to nearly double the tax rate that the highest-earning Americans pay on profits made from stocks and other investments.

Biden to propose free preschool, as speech details emerge

Biden to propose free preschool, as speech details emerge

President Joe Biden will call for free preschool for all three- and four-year-old children as part of his American Families Plan.

Biden tells execs US needs to invest, lead in computer chips

Biden tells execs US needs to invest, lead in computer chips

President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push for his $2.3 trillion infrastructure plan.

Biden announces huge infrastructure plan to 'win the future'

Biden announces huge infrastructure plan to 'win the future'

Biden hopes to pass an infrastructure plan by summer, which could mean relying solely on the slim Democratic majorities in the House and the Senate. “Ninety-one Fortune 500 Companies, including Amazon, pay not a single solitary penny in income tax,” Biden said. “Wall Street didn’t build this country," Biden said. The new construction could keep the economy running hot, coming on the heels of Biden’s $1.9 trillion coronavirus relief package. But we have to get it done.”AdDemocratic leaders embraced Biden’s plan Wednesday.

Biden's top aides unlikely to qualify for relief payments

Biden's top aides unlikely to qualify for relief payments

WASHINGTON – At least one group in America is unlikely to get any money from President Joe Biden’s $1.9 trillion economic rescue plan — his own top aides. Most of Biden’s senior West Wing advisers made far more than the threshold that would qualify them for direct payments from the president’s COVID-19 relief bill, according to White House financial disclosure forms released Saturday. Others in the West Wing — whose positions don't require Senate confirmation — have had deep ties to the business world. He was listed as having a salary of $1.8 million, according to his disclosure form. Brian Deese, head of the national economic council, was previously global head of sustainable investing at BlackRock, according to his disclosure.

Yellen's encore: Lending economic heft to Biden's virus plan

Yellen's encore: Lending economic heft to Biden's virus plan

“Yellen is uniquely poised," said Brian Deese, director of Biden’s National Economic Council. "She has as much experience and expertise of addressing the challenges of our time as any living economic policymaker today. AdYellen juggled parenting with her work as a professor at the University of California, Berkeley, in the 1980s, helping to build her son’s pinewood derby car as a colleague fed economic data into a computer. It’s an argument cultivated from years of research that fully blossomed during Yellen’s time as Fed chair. She said Yellen values differences of opinion and diversity because that helps her get a fuller sense of the economy.

Airline CEOs, Biden officials consider green-fuel breaks

Airline CEOs, Biden officials consider green-fuel breaks

Airline officials are talking to the Biden administration about support for incentives to use cleaner fuels for airplanes. United Airlines said CEO Scott Kirby asked administration officials to support incentives for sustainable aviation fuel and technology to remove carbon from the atmosphere. A United Nations aviation group has concluded that biofuels will remain a tiny source of aviation fuel for several years. Some environmentalists would prefer the Biden administration to impose tougher emissions standards on aircraft rather than create breaks for biofuels. “We stand ready to work in partnership with the Biden administration.”

Biden meets Republicans on virus aid, but no quick deal

Biden meets Republicans on virus aid, but no quick deal

President Joe Biden meets Republican lawmakers to discuss a coronavirus relief package, in the Oval Office of the White House, Monday, Feb. 1, 2021, in Washington. From left, Sen. Mitt Romney, R-Utah, Vice President Kamala Harris, Biden, Sen. Susan Collins, R-Maine, and Sen. Lisa Murkowski, R-Alaska. AdRepublicans are tapping into bipartisan urgency to improve the nation's vaccine distribution and vastly expand virus testing with $160 billion in aid. Psaki said earlier Monday there is “obviously a big gap” between the $1.9 trillion package Biden has proposed and the $618 billion counteroffer. Biden himself has been on the phone to some of the Republicans, the official said.

Biden to meet with GOP lawmakers to discuss virus relief

Biden to meet with GOP lawmakers to discuss virus relief

The meeting to be hosted by Biden would amount to the most public involvement for the president in the negotiations for the next round of virus relief. Though Biden is wanting “a full exchange of views," Psaki reiterated that the president remains in favor of moving forward with a far-reaching relief package. But Cedric Richmond, a senior Biden adviser, said the president “is very willing to meet with anyone to advance the agenda." Under the Biden plan, families with incomes up to $300,000 could receive some stimulus money. “I support passing COVID relief with support from Republicans if we can get it.

EXPLAINER: Executive orders can be swift but fleeting

EXPLAINER: Executive orders can be swift but fleeting

A new president may overturn a predecessor's order by issuing another executive order effectively canceling it. BOTH SIDES DO IT; BOTH SIDES COMPLAINTo be sure, modern presidents from both parties have been heavy users of executive orders — and have been criticized by the opposition party. Not surprisingly, some Republicans have complained about Biden’s early reliance on executive orders. As his presidency plays out, an overreliance on executive orders could undercut that argument. HERE TODAY, GONE TOMORROWThe experiences of both Trump and Obama underscore the fleeting nature of executive orders.

White House begins talks with lawmakers on COVID-19 relief

White House begins talks with lawmakers on COVID-19 relief

At least a dozen senators met for an hour and 15 minutes in a virtual call with White House National Economic Council director Brian Deese and other senior White House officials. Many hope to approve a relief package before former President Donald Trump's trial, which is set to begin in two weeks, overtakes Washington’s attention. Senators also wanted more data on how the White House reached the $1.9 trillion figure. “It was about how can we work together to help the people of this country.”White House coronavirus response coordinator Jeff Zients and White House legislative affairs director Louisa Terrell also joined the call. “We’re going to continue to push because we can’t wait,” said White House principal deputy press secretary Karine Jean-Pierre.

WATCH: President Joe Biden delivers remarks on U.S. economy

WATCH: President Joe Biden delivers remarks on U.S. economy

WASHINGTON – President Joe Biden spoke about his plans for the U.S. economy Friday afternoon. Biden’s White House press secretary, Jen Psaki, held a press briefing with National Economic Council director Brian Deese a couple of hours before the president is set to speak. The president was expected to speak at 2:45 p.m.

WATCH: White House press secretary Jen Psaki holds press briefing on economy

WATCH: White House press secretary Jen Psaki holds press briefing on economy

WASHINGTON – The White House held a press briefing on how the Biden administration will be handling the U.S. economy Friday afternoon. White House Press Secretary, Jen Psaki, was joined by National Economic Council director Brian Deese. They were scheduled to begin speaking at 12:30 p.m.

Biden ordering stopgap help as talks start on big aid plan

Biden ordering stopgap help as talks start on big aid plan

President Joe Biden delivers remarks on the economy in the State Dining Room of the White House, Friday, Jan. 22, 2021, in Washington. “This can help tens of millions of families — especially those who cannot provide meals for their kids,” Biden said. White House press secretary Jen Psaki said at a Thursday briefing that the proposal has support ranging from democratic socialist Sen. Bernie Sanders to the U.S. Chamber of Commerce. Psaki stressed that Biden wants any deal to be bipartisan and that the process of meeting with lawmakers to talk through the plan is just beginning. Biden must balance the need for immediate aid against the risk of prolonged negotiations.

Fight over Fed powers stalls $900 billion aid plan

Fight over Fed powers stalls $900 billion aid plan

WASHINGTON – An arcane battle over emergency Federal Reserve powers foiled efforts on Saturday to lock down an agreement on an almost $1 trillion COVID-19 economic relief package. The deadlock was just the latest stumble in a partisan, months-long fight over pandemic relief and the lack of progress is backing lawmakers once again up against a government shutdown deadline Sunday night. Lawmakers on both sides said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the sticking point. At issue are Fed emergency programs, launched amid the pandemic this spring, that provided loans to small and mid-size businesses and bought state and local government bonds. Under the Dodd-Frank financial reform law passed after the Great Recession, the Fed can only set up emergency programs with the support of the treasury secretary.

The Latest: Biden: Trump inaugural presence important to US

The Latest: Biden: Trump inaugural presence important to US

WASHINGTON – The Latest on President-elect Joe Biden (all times local):9:55 p.m.President-elect Joe Biden says it is important that President Donald Trump attend his inauguration only in the sense that it would demonstrate the nation’s commitment to a peaceful transfer of power between political rivals. ___8:45 p.m.Members of the Congressional Hispanic Caucus have made a fresh push for President-elect Joe Biden to nominate New Mexico Gov. But $207.5 million came in after Election Day as Trump repeatedly – and falsely – claimed President-elect Joe Biden won due to voter fraud. Gina Raimondo has knocked down talk that she is in the running for President-elect Joe Biden’s secretary of health and human services. ___12:25 p.m.President-elect Joe Biden has tapped former Obama administration senior economic adviser Brian Deese to be director of the National Economic Council.

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