President Biden, expressing frustration over oil and gas companies' record-high profits while consumers face skyrocketing costs, has threatened that companies will pay higher taxes if things don't change. "My team will work with Congress to look at these options that are available to us and others," he said during a public address Monday afternoon. "It's time for these companies to stop for profit tyranny, meet their responsibilities in this country and give the American people a break and still do very well." The news comes just a week out from a crucial midterm election battle that could determine the second half of Biden's tenure in office. If Republicans gain control of the House and/or Senate, it could effectively halt efforts on any meaningful priorities for the White House. Gas prices hit record highs over the summer — topping $5 per gallon in June. Average prices have hovered around $4 per gallon in the months since. The strain at the pump is considered a key issue for voters, along with eye-popping inflation. "One by one major oil companies have reported record profits," Biden said. "I mean profits so high it's hard to believe." While it may work as a good election message, realistically a new tax on oil and gas companies would be unlikely to pass Congress, where it would need support from at least 10 Republicans in the Senate. Read more about Biden's plan here. |
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Welcome to The Hill's Evening Report, catching you up on news from the afternoon and looking at the big stories likely to impact tomorrow. |
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🏛️ Pelosi attacker charged with alleged assault, attempted kidnapping
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The suspect in the attack on Paul Pelosi, the husband of Speaker Nancy Pelosi (D-Calif.), has been charged with assault and attempted kidnapping, days after he broke into the couple's San Francisco home and struck Paul Pelosi with a hammer, causing serious injuries. |
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📄 Trump asks Supreme Court to block release of his taxes to House
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Former President Trump filed an emergency appeal with the Supreme Court Monday after a lower court declined to reverse their ruling mandating that he turn over his tax records to the House Ways and Means Committee.
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🚨 Trump calls attack on Paul Pelosi a 'terrible thing,' rails against crime
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Former President Trump called the attack on Speaker Nancy Pelosi's
(D-Calif.) husband in their San Francisco home a "terrible thing" as he railed against crime in Democrat-led cities in a recent interview. |
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😬 Donald Trump Jr. mocks Paul Pelosi attack
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Donald Trump Jr. posted several photos and comments on Twitter and Instagram making light of the violent home invasion attack last week against Paul Pelosi, the husband of Speaker Nancy Pelosi (D-Calif.).
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🐘 McCarthy says he's 'better prepared' for Speaker's gavel than in past
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House Minority Leader Kevin McCarthy (R-Calif.) in a new interview said he is "better prepared" to lead as Speaker in the lower chamber, which Republicans are expected to capture in next week's midterm elections, now than he was in the past. |
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🦠 CDC director tests positive for COVID-19 again
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Rochelle Walensky, director of the Centers for Disease Control and Prevention, has tested positive for COVID-19 again after completing a round of the coronavirus antiviral treatment Paxlovid. |
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🇰🇷 Ohio Rep.'s niece among those killed in South Korea crowd surge
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The niece of Rep. Brad Wenstrup (R-Ohio) was among more than 150 people killed in a crowd surge in South Korea over the weekend, according to the lawmaker's office.
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📱 Elon Musk named sole director of Twitter, dissolves board
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Elon Musk has been named sole director of Twitter, dissolving the board in place before he completed his $44 billion acquisition of the company, the social media platform said in a securities filing on Monday.
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🛢️ OPEC forecasts fossil fuel surge through midcentury
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The Organization of the Petroleum Exporting Countries has called for trillions of dollars to be invested in the oil sector, projecting a surge in fossil fuel production through 2045. |
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⚧️ Florida moves closer to banning gender-affirming care for minors
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Members of Florida's medical boards have voted to start drafting a rule to ban gender-affirming health care including puberty blockers, hormone therapy and surgeries for transgender youth. |
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Global population about to hit 8 billion
| "As global population passes the 8 billion mark, it should be a wake-up call that it's time to take this issue seriously," write Bill Ryerson of the Population Media Center and Kathleen Mogelgaard of the Population Institute. |
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