President Joe Biden has called on Republicans in Congress to work together with Democrats to take action to ban assault weapons and high-capacity magazines, to require safe storage of firearms, to require background checks for all gun sales, and to eliminate liability protections for gun manufacturers.
Biden repeated his call after five people were killed and nine others were injured in a mass shooting at a bank in Louisville, Kentucky, Monday.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.