BIDEN: "Don't panic, number one." President Joe Biden sought to dissuade Americans from panic buying on Thursday and warned gas stations not to price gouge... BIDEN: "Do not try to take advantage of consumers during this time." ...saying Colonial Pipeline should be reaching full operational capacity after a ransomware attack shut down its network and that he expected the situation to improve by the weekend.
BIDEN: "This morning Colonial reported that fuel is beginning to flow to (a) majority of the markets that they service and they should be reaching full operational capacity as we speak... But I want to be clear.
We will not feel the effects at the pump immediately... It had never been fully shut down in its entire history... and it's going to take some time, and there may be some hip, hic, hiccups - like I just had - along the way here." Colonial Pipeline began to slowly restart the nation's largest fuel pipeline network on Wednesday, after a crippling cyberattack - believed to be carried out by a shadowy criminal gang known as DarkSide - triggered fuel shortages and panic buying in the southeastern United States.
Biden said he did not believe the Russia government or President Vladimir Putin was behind the attack but that those who were involved in the attack were based in Russia.
BIDEN: "I am confident that I've read the report of the FBI accurately, and they say they were not, he was not, the government was not." Earlier on Thursday, Bloomberg News reported that Colonial Pipeline paid nearly $5 million to the Eastern European hackers on Friday, citing two people familiar with the transaction.
REPORTER: "Were you briefed on the fact that the company did pay the ransom?" BIDEN: "I have no comment on that." At her weekly press conference, House Speaker Nancy Pelosi had more to say than Biden on the issue, saying ransom should not be paid by companies that are the victims of cyberattacks.
In an interview with NBC, Russian President Vladimir Putin discussed the relationship between his country and the US, and compared President Biden to his predecessor Donald Trump. CNN’s Kaitlan Collins reports.
Russian President Vladimir Putin is going to Geneva, Switzerland, not merely to appear on the same platform as President Joe Biden, but because “the poor state of relations” between both countries demands a summit, Kremlin spokesman Dmitry Peskov told CNN in an exclusive interview. CNN’s Matthew Chance reports.
McDonald's Corp said on Friday that a data breach in South Korea and Taiwan has exposed some customer and employee information, making it the latest global company to be targeted by cybercriminals. Fred Katayama reports.
JBS SA said the "vast majority" of the company's beef, pork, poultry and prepared foods plants would be operational on Wednesday, after a ransomware attack by a Russia-linked hacking group disrupted meat production in North America and Australia. This report produced by Chris Dignam.
The White House on Friday sent Congress a $6 trillion budget plan that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and reduce deficits later. Gavino Garay produced this report.
The 35 out of 211 Republicans in the U.S. House of Representatives who voted for the independent commission to probe the Jan. 6 attack on the Capitol signaled some cracks in the party's defense of former President Donald Trump. This report produced by Chris Dignam.
The U.S. House of Representatives on Wednesday voted to approve the creation of an independent commission to investigate the deadly Jan. 6 attack on the Capitol by hundreds of supporters of then-President Donald Trump. This report produced by Chris Dignam.
Thousands of government, news and social media websites across the globe were coming back online on Tuesday after getting hit by a widespread hour-long outage linked to U.S.-based cloud company Fastly. Lisa Bernhard produced this report.
Ships deployed under emergency waivers were also moving fuel from U.S. Gulf Coast refiners to the northeast, while 18-wheel tanker trunks were ferrying gasoline from Alabama to Virginia, helping to stem the shortages. This report produced by Jonah Green.
Washington was running out of gasoline on Friday, even as the country's largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. Gloria Tso reports.