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Photo: Drew Angerer/Getty Images

President Biden on Thursday warned gas companies to not price gouge amid major shortages following the Colonial Pipeline cyberattack.

The big picture: Biden added that the FBI does not believe the Russian government is behind the attack, but they do know that those responsible "are living in Russia."

  • The president noted that the Justice Department launched a new task force that will specifically prosecute ransomware hackers "to the full extent of the law."
  • Biden on late Wednesday signed an executive order in an attempt to bolster the country's cybersecurity defenses following the cyberattack.

What he's saying: "I'm going to work with governor's the affected states to put a stop price gouging wherever it arises and asking our federal agencies to stand ready to provide assistance to state level efforts to monitor address any price gouging," Biden said.

  • "Nobody should be using this situation for financial gain. That's what the hackers are trying to do. That's what they are about, not us," he added.
  • Biden also said that people should avoid getting "more gas than you need the next few days" because "panic buying will only slow the process," as it will likely take a few days for the pipeline to return to normal operations.

Context: "Reports of price gouging have circulated in states most impacted by the closure of the 5,500-mile Colonial Pipeline. The pipeline runs from Texas to New Jersey, transporting more than 100 million gallons of fuel per day along the US Southeast," the Independent writes.

Go deeper:

Go deeper

Biden White House jammed on gas prices

Illustration: Sarah Grillo/Axios

The Biden White House increasingly views rising gasoline prices as a source of potential political peril — and is now asking some of the world's biggest oil producers to pump more oil.

Why it matters: This trend, combined with a fragile economic recovery threatened by the Delta variant of the coronavirus, and inflation beginning to bite consumers, could threaten the administration's ambitious congressional agenda for late summer and early fall.

911's digital makeover

Illustration: Annelise Capossela/Axios

A next-generation 911 would allow the nation's 6,000 911 centers to accept texts, videos and photos.

The big picture: U.S. emergency communications have remained stubbornly analog, but Congress is about to take another run at dragging 911 into the digital age.

Biden enlists business leaders in campaign for vax mandates

President Joe Biden at a meeting with business leaders Sept. 15, 2021. Photo: Oliver Contretas/Getty Images

President Biden convened a meeting of top business leaders Wednesday to build support for a sweeping vaccine mandate that will affect most of America's workers. The message: Vaccines work, and the stalled uptake is holding back the economy.

Why it matters: As vaccine rates have flattened across the country, business leaders have the power to impact their employees’ decisions. Many corporate leaders had been looking for stronger federal guidance to lean on.