President Joe Biden announces the release of 50 million barrels of oil from the U.S.
"Joe Biden’s failed leadership caused skyrocketing prices, and now American families are paying more for gas, groceries, and everything this Thanksgiving," said Republican National Committee (RNC) Chairman Ronna McDaniel in a statement in response to Biden's remarks."Biden’s Build Back Broke agenda does not cost $0 – it would pump trillions of dollars in reckless spending into the economy, further increasing prices and raising taxes on hardworking Americans.Strategic Petroleum Reserve is expected to supply Chinese and Indian oil needs as gasoline demand has led to global shortages, reports said Tuesday
The White House said the Department of Energy will release 50 million barrels of oil held in U.S
President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, and Federal Reserve board member Lael Brainard to serve as vice chair, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021