New York CNN Business — Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians urging the Federal Reserve to pause its aggressive rate hikes in order to fight inflation are misguided. Those critics say that the Fed could throw the economy into recession, but Summers argued there’s […]
New York CNN Business — Presidents don’t have magic wands to make inflation disappear. But they do have a powerful tool that can help ease the pain of high gas prices: The Strategic Petroleum Reserve. More than any of his predecessors, President Joe Biden has aggressively leaned on this emergency oil stockpile to knock down […]
CNN — Pakistani officials said Saturday they had summoned the US ambassador to the country following recent comments made by President Joe Biden that doubted the safety of Pakistan’s nuclear arsenal. Speaking at a Democratic Party fundraiser in Los Angeles on Thursday, Biden said Pakistan was “one of the most dangerous nations in the world” […]
CNN — Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in order to stabilize markets and denied that there were political motives behind the decision, which has enraged US leaders and sparked calls to rethink ties with Riyadh. “We’re trying to make sure we […]
CNN — Mark Frerichs, an American held captive in Afghanistan for more than two years, has been released in a prisoner swap, a senior Biden administration official confirmed Monday. “Bringing Mark home has been a top priority for President Biden and his national security team,” the official said. Haji Bashir Noorzai, a prominent member of […]
