Biden Administration Announces $13 Billion in Aid To Help Families Lower Energy Bills
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Biden Administration Announces $13 Billion in Aid To Help Families Lower Energy Bills
Biden Administration Announces $13 Billion , in Aid To Help Families Lower Energy Bills.
'The Hill' reports that the White House
made the announcement on Nov.
2.
.
Vice President Kamala Harris will formally announce the new funding in Boston while visiting a sheet metal workers' union hall.
In addition to $4.5 billion going to the Low-Income Home Energy Assistance Program (LIHEAP).
$9 billion in Inflation Reduction Act funds will help low-income households make energy-efficient upgrades.
The White House says that the money
will help 1.6 million households.
As energy prices remain high, this Administration is working to cut costs for working families and businesses through historic investments for consumer rebates for more efficient home improvements and energy-efficient appliances nationwide, Jennifer Granholm, Energy Secretary, via statement.
President Bidenâs agenda means states will have greater resources to meet their consumersâ needs and more rapidly achieve home electrification on the path to a net zero emissions economy.
, Jennifer Granholm, Energy Secretary, via statement.
CNBC reports that another 700,000 homes will be weatherized under the Bipartisan Infrastructure Law.
In sum, these programs will make these cost-saving upgrades more accessible for low- and moderate-income families as states gain momentum toward deploying at least
12 million heat pumps by 2030, White House, via statement
16 Republican AGs Sue Biden Administration , for Pausing Liquid Natural Gas Exports.
The lawsuit was filed on March 21.
The states claim that the Biden administration
does not have the authority to deny
"federal permits for new liquid natural
gas (LNG) exports," 'The Hill' reports. .
The 16 attorneys general also allege
that the pause goes against Congress.
This ban disregards statutory mandates,
flouts the normal regulatory process, upends
the industry, disrupts Plaintiffsâ economies,
and subverts our constitutional structure, Via lawsuit.
These unlawful actions leave Plaintiffs
with no choice but to once more turn
to the courts to enforce the law, Via lawsuit.
The suit goes on to allege that the ban is
motivated by politics and comes "in the midst of an election year, and after a sustained pressure campaign from billionaire conglomerates, celebrities, âinfluencers,â and banks.".
The timing of the decision, in an election
year, raises the likelihood that political
motivations drove the action, House Oversight Committee Republicans,
in a letter to Energy Secretary Jennifer Granholm.
LNG, which is often considered to be
"a bridge between coal and renewables," was first pushed by the Obama administration.
LNG, which is often considered to be
"a bridge between coal and renewables," was first pushed by the Obama administration.
President Biden's pause on permits signifies
a stark contrast from his predecessor.
In February, the House passed a bill that would
strip the White House of its LNG permit authority
Credit: Wibbitz Top Stories Duration: 01:31Published
Kate Middleton's cancer diagnosis is on President Biden's radar ... as the White House Press Secretary addressed the news minutes after it broke. Karine.. TMZ.com
GloRilla never thought in a million yurrrs she'd be partying up at 1600 Pennsylvania Avenue -- but that was the Memphis rapper's real life as she met President.. TMZ.com
Two fatalities and five injuries occurred in a Washington, DC shooting, while Andre Gordon was arrested for a triple homicide in Pennsylvania. The DC incident's motive remains unclear, and no suspects are named. Gordon allegedly fled after the Pennsylvania shootings but was detained after a carjacking; no injuries resulted from the carjacking.
#WashingtonDC #DCShootout #WhiteHouse #WashingtonShooting #KennedyRecreationCenter #USCrimenews #USnews #Worldnews #Oneindia #Oneindianews
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Biden Administration to Invest $8.5 Billion , in Intelâs Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intelâs Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option â leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Injured crew member treated after Dali ship crash at Baltimore's bridge. Crew alerted authorities, saving lives. Synergy Marine Group confirms safety. Biden.. IndiaTimes
A freight ship collision in Baltimore, US, was prevented from turning into a major disaster thanks to the alertness of the Indian crew on board the ship 'Dali'... IndiaTimes
RFK Jr Picks Nicole Shanahan , As His Running Mate.
On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. .
On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. .
On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. .
Kennedy introduced Shanahan as
"a fellow lawyer, a brilliant scientist, technologist, a fierce warrior mom.".
Kennedy introduced Shanahan as
"a fellow lawyer, a brilliant scientist, technologist, a fierce warrior mom.".
He went on to call his campaign "a spoiler for President Biden and for President Trump" that
will "forge an unstoppable coalition of homeless Democrats and homeless Republicans.".
Kennedy's independent bid was launched
in October after challenging Biden for
the Democratic nomination.
The Democratic National Committee has condemned Kennedy's bid, saying that he
will only help to draw votes away from
Biden, ensuring Trump's victory. .
Shanahan revealed that she had left the Democratic Party because it was consumed with "elitism" and "winning at all costs.".
I believe I am taking the best
ideals and impulses with me. , Nicole Shanahan, via statement.
Shanahan's professional
colleagues speak highly of her.
She's motivated by trying to change
things for the better and having an
impact on social benefits, Roland Vogl, executive director of Stanford University's
Center for Legal Informatics, via statement.
Don't undersell someone
who comes from outside a
system to change the system. , Bruce Cahan, a professional colleague, via statement.
Announcing Shanahan as his running mate
will likely help Kennedy get on more ballots.
He's currently only confirmed on Utah's ballot
Credit: Wibbitz Top Stories Duration: 01:31Published
Acknowledging the vigilance of the 22 Indian crew members aboard the 'Dali', the vessel involved in the collision with a bridge in Baltimore, US President Joe Biden praised their swift response in issuing a 'Mayday' distress signal. This prompt action played a crucial role in averting further casualties in the tragic incident.
#BaltimoreBridgeCollapse #USBridgeCollapse #BaltimoreBridgeCollapseVideo #FrancisScottBridgeCollapse #BridgeCollapseVideo #CoalExport #SupplyDisruption #CoalIndustry #BridgeCollapseImpact #GlobalTrade #EnergySupply #ExportImpact #CoalTransportation #USBridgeCollapse #CoalExports #IndiaCoalImport #SupplyChainDisruption #InfrastructureFailure #EconomicImpact #EnergyMarket #CoalTrade #GlobalShipping #TradeDisruption #ExportMarket
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The Indian Embassy in Washington mourned a cargo ship collision with a Baltimore bridge, involving an all-Indian crew, prompting a distress call. US President Biden praised their alertness. Investigations are ongoing, with no evidence of foul play. Efforts are underway to rescue the missing and rebuild the vital port.
#MarylandBridge #BaltimoreBridgecollapse #francisscott #Maryland #Baltimore #WesMoore #India #Bridgecollapse #USnews #Biden #Worldnews #Oneindia #Oneindianews
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Kamala Harris said a pause in fighting between Israel and Hamas would "get the hostages out" and a "significant amount of aid in" to the Palestinian enclave.
Credit: euronews (in English) Duration: 01:18Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
St. Patrick's Day
by the Numbers.
Everyone can be
Irish for a day on March 17.
In the U.S., St. Patrick's Day
has evolved into a reason to
celebrate your Irish heritage.
On average, 13 million pints of Guinness
are served on March 17.
Chicago has a famous tradition
of dyeing its river green.
The tradition started in 1942,
and takes 40 pounds of dye.
Boston is a great place to
celebrate with its annual parade.
It is the most Irish city in the U.S.,
with 20.4% of its citizens are of Irish ancestry.
79% of celebrators plan to wear green.
Credit: Wibbitz Top Stories Duration: 00:56Published
This Day in History: , Alexander Graham Bell
Patents the Telephone.
March 7, 1876.
Born in Scotland, Bell relocated to Boston after he
worked with the deaf in London.
Through his work at Boston's Pemberton Avenue School
for the Deaf, Bell began to develop the ideas
that would lead to the invention.
Seeking to improve upon the then-cutting edge
telegraph technology, Bell sought to
create a "harmonic telegraph.".
He wanted to combine the long-distance
communication abilities of the telegraph with
the sound-producing abilities of the record player.
Working with Thomas A. Watson,
the inventors created a device that used an
electric current to transmit sound.
Days after the patent approval,
the first message carried by telephone was Bell's
famous request, "Mr. Watson, come here, I need you."
Credit: Wibbitz Top Stories Duration: 00:59Published
JetBlue and Spirit , Terminate Proposed Merger.
On March 4, JetBlue and Spirit Airlines
announced that a court ruling has blocked
the companies' proposed $3.8 billion merger. .
On March 4, JetBlue and Spirit Airlines
announced that a court ruling has blocked
the companies' proposed $3.8 billion merger. .
Associated Press reports that JetBlue said the
two companies are unlikely to meet the required
closing conditions prior to a July 24 deadline.
Both companies' CEOs expressed
disappointment in canceling
the potential deal. .
We are proud of the work we
did with Spirit to lay out a vision
to challenge the status quo, but given
the hurdles to closing that remain,
we decided together that both airlinesâ
interests are better served by
moving forward independently, Joanna Geraghty, JetBlue CEO, via Associated Press.
We are proud of the work we
did with Spirit to lay out a vision
to challenge the status quo, but given
the hurdles to closing that remain,
we decided together that both airlinesâ
interests are better served by
moving forward independently, Joanna Geraghty, JetBlue CEO, via Associated Press.
We are disappointed we cannot move
forward with a deal that would save
hundreds of millions for consumers
and create a real challenger to the
dominant âBig 4â U.S. airlines, Ted Christie, Spirit CEO, via Associated Press.
However, we remain confident
in our future as a successful
independent airline, Ted Christie, Spirit CEO, via Associated Press.
AP reports that JetBlue will be required to
pay Spirit a termination fee of $69 million.
Last year, the Justice Department moved to
block the merger, claiming it would reduce
competition and drive up costs for consumers.
In January, a Boston federal
district judge blocked the deal,
claiming it would violate antitrust laws. .
News of the cancellation drove
shares of JetBlue Airways up
over 5% in premarket trading.
At the same time, news of the
abandoned merger caused stock
in Spirit to drop over 13%
Credit: Wibbitz Top Stories Duration: 01:31Published
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing CEO Dave Calhoun , to Step Down.
Calhoun will resign at the
end of the year, CNBC reports.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
As you all know, the Alaska Airlines
Flight 1282 accident was a
watershed moment for Boeing, Boeing CEO Dave Calhoun, via note to employees.
We must continue to respond to
this accident with humility and
complete transparency. , Boeing CEO Dave Calhoun, via note to employees.
We also must inculcate a total
commitment to safety and quality
at every level of our company, Boeing CEO Dave Calhoun, via note to employees.
Calhoun went on to say that
"the eyes of the world are on us.".
Calhoun went on to say that
"the eyes of the world are on us.".
I know we will come through this moment a
better company, building on all the learnings
we accumulated as we worked together to
rebuild Boeing over the last number of years, Boeing CEO Dave Calhoun, via note to employees.
Larry Kellner, chairman of the board,
will also step down in May.
Boeing director Steve Mollenkopf
will become the new chairman.
Boeing director Steve Mollenkopf
will become the new chairman.
Stan Deal, president and CEO of Boeing Commercial
Airplanes, will step down immediately.
Stephanie Pope, Boeing's Chief
Operating Officer, will take his place
Credit: Wibbitz Top Stories Duration: 01:30Published
Trump Canât Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendantsâ ongoing diligent
efforts have proven that a bond
in the judgmentâs full amount
is âa practical impossibility.â, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
On March 13, the House of Representatives passed
the bill, which would force ByteDance to divest
the platform or face a ban on the app in the U.S.
I think the legislation should
pass and I think it should be sold.
Itâs a great business and Iâm going
to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
This should be owned by
U.S. businesses. Thereâs no
way that the Chinese would
ever let a U.S. company own
something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
However, TikTok CEO Shou Zi Chew has said
that selling TikTok is not a viable option. .
According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. .
Mnuchin has yet to specify the potential valuation
of a deal to acquire the social media platform
or which investors may be interested in the deal.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden and Trump Clash , Over Cuts to Medicare and Social Security.
Biden and Trump Clash , Over Cuts to Medicare and Social Security.
In a telephone interview
with CNBC host Joe Kernen, .
former President Donald Trump was asked how he'd "handle entitlements" like Medicare and Social Security when it comes to addressing concerns about long-term debt.
So first of all, there is a lot you can do in
terms of entitlements, in terms of cutting, Donald Trump, via CNBC.
And in terms of, also, the theft and the
bad management of entitlements â
tremendous bad management of entitlements
â thereâs tremendous amounts of things
and numbers of things you can do, Donald Trump, via CNBC.
Biden, who pledged during his State of the Union address to stop those who âwant to
put Social Security on the chopping block,â.
took to social media to say,
âNot on my watch.â.
The president addressed the issue again
in New Hampshire on March 11.
If anyone tries to cut Social Security
or Medicare, or raise the retirement
age again, I will stop them, President Joe Biden, via statement.
This morning, Donald Trump
said cuts to Social Security and
Medicare are on the table again, President Joe Biden, via statement.
Trump campaign spokeswoman
Karoline Leavitt issued a statement.
President Trump delivered on his
promise to protect Social Security and
Medicare in his first term, and President
Trump will continue to strongly protect Social
Security and Medicare in his second term. , Karoline Leavitt, Trump campaign spokeswoman, via statement.
The only candidate who poses a threat
to Social Security and Medicare is Joe Biden â
whose mass invasion of countless millions
of illegal aliens will, if they are allowed to
stay, cause Social Security and Medicare
to buckle and collapse, Karoline Leavitt, Trump campaign spokeswoman, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published