The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.Ā
The nationās economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher.
The Biden administration on Wednesday announced $3.5 billion for 58 projects across the country to strengthen electric grid resilience as extreme weather events continue to strain the nationās aging transmission systems.
ExxonMobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billionāits largest buyout since acquiring Mobil two decades agoācreating a colossal fracking operator inĀ West Texas.