In an attempt to stem surging fuel prices, President Joe Biden on Wednesday called on Congress and states to take additional legislative action to provide direct relief to consumers. Specifically, Biden is calling on Congress to suspend the federal gas tax for three months, through September, without taking any money away from the Highway Trust Fund. He also called on states to take similar action...
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.