The United States will soon purchase 3 million barrels of oil in order to replenish the country's dwindling Strategic Petroleum Reserve, the Department of Energy said Friday.
The big picture: The Biden administration tapped into the country's Strategic Petroleum Reserve earlier this year to slow down rising gas prices.
Republicans are starting their all-out assault on ESG by targeting a Biden administration rule for retirement plan fiduciaries, Axios has learned.
Driving the news: Sen. Mike Braun (R-Ind.) and Rep. Andy Barr (R-Ky.) are attempting to dismantle a recent Department of Labor rule allowing retirement plan fiduciaries to consider climate change and other environmental, social and governance (ESG) factors in their investment actions.
A destructive winter storm that's unleashed blizzard conditions and freezing rain on much of the country while spawning deadly tornadoes in the U.S. South began impacting the Northeast on Thursday night.
The big picture: More than 40 million people across the U.S. were under winter storm warnings or advisories Thursday, as the severe storm caused widespread power outages and travel chaos across several states.
