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President Biden Calls on Congress to Suspend Federal Gas Taxes to Help Ease Prices

President Biden Calls on Congress to Suspend Federal Gas Taxes to Help Ease Prices

FromThe Daily Dive


President Biden Calls on Congress to Suspend Federal Gas Taxes to Help Ease Prices

FromThe Daily Dive

ratings:
Length:
20 minutes
Released:
Jun 23, 2022
Format:
Podcast episode

Description

President Biden has called on Congress to suspend the federal gas tax for three months in an effort to ease prices that have been skyrocketing.  Biden is also calling on states to suspend their gas taxes, but it’s a tough sell as lawmakers and economists are skeptical it will provide enough relief.  He is also pinning the blame on oil and gas companies calling for them to increase oil production. Hans Nichols, reporter at Axios, joins us for what to know.

Next, as fears of a recession loom, more companies are announcing layoffs or hiring freezes leaving current employees to think of ways to stand out and stay employed.  The pendulum is swinging back in favor of employers where the Great Resignation had empowered employees to jockey for better pay and benefits.  Ray Smith, reporter at the WSJ, joins us for how to keep your job or find a better one should a recession come.

Finally, the real estate market has begun to cool ever since mortgage rates have increased, but home prices are still going up.  The spring selling season has been slow, and the lack of supply is keeping prices up.  Rents are even on the rise, on average they are up 26% from before the pandemic.  Emily Peck, markets correspondent at Axios, joins us for more.

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Released:
Jun 23, 2022
Format:
Podcast episode

Titles in the series (100)

Start your day with The Daily Dive. News without the noise, told straight. Explore the most interesting news of the day. Connect with the writers, analysts and reporters that know the real story. Hosted by Oscar Ramirez in Los Angeles, this 20 minute podcast will be ready for you when you wake up. (Posted by 6 AM EST)