Under mounting pressure over soaring gas prices, House Democrats passed a bill to punish oil and gas producers for alleged price gouging. But Larry Summers, a top Democratic economic adviser, says this move will have no impact on lowering prices, and could even make the situation worse.
The unprecedented baby formula crisis is still ongoing. The FDA told lawmakers the Abbott manufacturing plant will be on track within weeks. Meanwhile, scammers are tricking desperate parents into paying steep prices for formula.
In a White House meeting with Finnish and Swedish leaders Thursday morning, President Joe Biden gave his full support to their joining NATO. But not all NATO-member countries support their inclusion….