28 Sep Big Pressure on Biden, Dems to Trim $3.5T Federal Overhaul WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes. Read more...
28 Sep Lucid to Deliver 520-Mile Electric Sedan in October Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October. Read more...
28 Sep Yellen Warns Delay in Raising Debt Limit Will Slow Economy WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so. Read more...
28 Sep GM Debuts Midsize Electric Delivery Van General Motors Co.’s electric van unit plans to build a new midsized cargo hauler called the EV410, and has signed up Verizon Communications Inc. as the first buyer, the company said Sept. 28. Read more...
28 Sep Why and How the UK Is Experiencing a Fuel Crisis LONDON — Long lines are snaking down streets across the U.K. as drivers struggle to fill up their cars, causing widespread traffic misery and worries over whether emergency services can do their work. Read more...
28 Sep Colorado’s Central 70 Project Receives Federal Boost A highway project vital to the flow of freight and commuters in Colorado will receive additional federal backing, the U.S. Department of Transportation announced recently. Read more...
28 Sep Raimondo Says CEOs More Reasonable on Taxes Than Lobbyists Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on taxes than the trade groups who are aggressively lobbying against increases. Read more...
28 Sep Total Sees Oil Demand Peaking Before 2030 in Power Switch French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in transport and industry to mitigate global warming. Read more...
28 Sep European Energy Prices Surge to Records as Supply Crisis Spreads European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts. Stockpiles of everything from gas to coal and Norwegian water for electricity production are dwindling and there are few signs the situation will improve anytime soon as demand continues to roar back from a pandemic-driven lull. Read more...
28 Sep Pandemic Shopping Spree Fuels Rebound in Shipping Emissions The pandemic-driven shopping spree is having at least one unintended consequence: Emissions from shipping are on the rise again. Read more...