Biden weighs pause to federal gas tax to reduce prices

Robert Besser
23 Jun 2022, 15:03 GMT+10

The Biden administration is evaluating a pause on federal gas taxes as an option to help reduce prices at the pump
The Biden administration is facing record high gasoline prices and inflation, now at a 40 year high
U.S. Energy Secretary Jennifer Granholm repeated Biden's position that a recession is "not inevitable"

WASHINGTON D.C.: U.S. Energy Secretary Jennifer Granholm has said that the Biden administration was evaluating a pause on federal gas taxes as an option to help reduce prices at the pump.

Granholm said the president is currently reviewing a temporary halt to charging federal gas taxes, telling CNN that such a move was "not off the table."

Granholm's comments come as the Biden administration faces record high gasoline prices and inflation, now at a 40 year high.

Granholm has repeated Biden's position that a recession is "not inevitable," noting that labor market and consumer spending remained strong.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.

More Information

26 ℃

Mostly Cloudy in Seletar

International

Section

UK's Telegraph news block in Russia due to war coverage

MOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...

Airbus captain tries to land at Lahore runway closed two years ago

LAHORE, Pakistan - An Airbus 320 carrying 171 passengers narrowly avoided an accident at Allama Iqbal International Airport, Pakistan's second-largest ...

Biden vows to combat effects of Supreme Court decision on Roe v. Wade

WASHINGTON, DC - U.S. President Joe Biden on Friday vowed to "do all in my power" to protect a woman's ...

Myanmar junta minister discusses nuclear cooperation with Russia

YANGON, Myanmar - According to military-run media, a junta delegation discussed nuclear technology collaboration with a Russian state-owned atomic energy ...

U.S. to provide Tk2.3 crore as emergency funding for northern Bangladesh

DHAKA, Bangladesh - The United States Agency for International Development (USAID) is providing more than Tk2.3 crore in emergency funding ...

661 pound freshwater fish caught in Cambodia river

PHNOM PENH, Cambodia: Cambodian villagers on the Mekong River have caught a stingray fish weighing 661 pounds, which is the ...

Business

Section