President Joe Biden has called for a ban on assault weapons and high-capacity magazines. He suggested that if it is not possible, the age to purchase them should be raised from 18 to 21.
Biden made the call while addressing the nation after a series of mass shootings shook the nation recently.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.