Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
President Joe Biden on Monday urged U.S. companies to make sure their digital doors are locked tight because of “evolving intelligence” that Russia is considering launching cyberattacks against critical infrastructure targets as the war in Ukraine continues.
Rising gas prices are an immediate problem — rising seas are not. Yet in his State of the Union address on Tuesday, President Biden had nothing new to say about bringing gas prices down. Releasing a few barrels from the Strategic Petroleum Reserve is not a solution; it's a Band-Aid that will last about two days. Yet all that Biden can do is repeat the outworn bromide that global warming is a catastrophe bringing drought, storms, and rising seas.
Stephen Breyer replaced a liberal justice, and a liberal justice will replace him. That much is assured. There’s no underestimating President Joe Biden’s ability to foul things up for Democrats. It’s easy to imagine him picking someone for Breyer’s seat whose nomination somehow blows up, or at least proves more contentious than expected.