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The Latest Breaking News from Brian Deese

The 'money doctor' says America is turning European under Biden's industrial policy. 'The Biden agenda could be sporting a beret'

"When France tells you that your industrial policy’s over the top, and worse than theirs, you know you’re in trouble," Steve Hanke tells Fortune.

Fortune

Biden bets big on bringing factories back to America, building on some Trump ideas

President Biden has embraced the idea of subsidies for key industries and measures to shut out Chinese competitors. Reviving manufacturing is a theme he's expected to run on in 2024.

WEKU

Departure of top Biden economic adviser leaves West Wing power vacuum

Deese was instrumental in delivering Sen. Joe Manchin’s vote for Biden’s signature bill.

Axios

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Biden names Fed vice chair as top economic advisor

Washington (AFP) - US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation.

AFP

Biden will name Fed’s Lael Brainard as his top economic adviser

WASHINGTON — President Joe Biden has decided to name Federal Reserve Vice Chair Lael Brainard as his top economic adviser, with an announcement coming as soon as Tuesday, people familiar with the matter said.

Tribune News Service

Biden pitches optimism to skeptical Americans in State of the Union address

WASHINGTON — President Biden is delivering his second State of the Union speech, and hoping to convince skeptical Americans that they are better off than they were when he took office two years ago.

Los Angeles Times

‘Pride is coming back’: Biden touts victories on jobs and climate in State of the Union address

President also calls on Republicans to help him ‘finish the job’ of rebuilding the economy and restoring faith in democracy

The Guardian - US

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McCarthy, House Republicans reframe debt limit strategy

WASHINGTON — House Republicans have started downplaying their desire to cut spending in conjunction with lifting the debt limit, seeking to reframe their strategy as targeting “waste” and finding “efficiencies.”

Tribune News Service

Biden faces deep economic skepticism ahead of State of the Union

"The economic anxiety is real," one Biden staffer said Monday.

Axios

McCarthy, House Republicans reframe debt limit strategy - Roll Call

House Republicans are downplaying their desire to cut spending in conjunction with lifting the debt limit, seeking to reframe their strategy.

Roll Call

Biden's top economic adviser to leave White House

Biden said Thursday that Deese’s work was “critical” to shaping his economic agenda.

Axios

White House memo reveals Biden’s agenda for Kevin McCarthy meeting on debt limit

The meeting between Mr Biden and the new House speaker comes less than two weeks after the Treasury Department began enacting ‘extraordinary measures’ to avoid a debt default

The Independent UK

Korean firm plans $2.5B in new solar panel plants in Georgia

A South Korean solar panel maker says it will invest more than $2.5 billion in two Georgia factories

The Independent UK

What Trump promised, Biden seeks to deliver in his own way

Donald Trump pledged to fix U.S. infrastructure as president

The Independent UK

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AFP

Biden celebrates US manufacturing comeback at giant semiconductor project

Phoenix (AFP) - President Joe Biden declared the comeback of US manufacturing Tuesday at the site of a mammoth expansion to a Taiwanese-owned semiconductor plant aimed at breaking risky US dependency on foreign-based producers for the vital component.

AFP

Biden celebrates giant semiconductor project in Arizona

Washington (AFP) - President Joe Biden flew Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

AFP

Biden celebrates giant TSMC semiconductor project

Washington (AFP) - President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

AFP

Biden celebrates giant semiconductor project

Washington (AFP) - President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

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Tribune News Service

Karl W. Smith: Biden's economic agenda needs an overhaul

Presidential administrations never stay the same from beginning to end. Top personnel come and go for various reasons, and we seem to be seeing that now with the Joe Biden administration. Bloomberg News recently reported that the White House’s top economic adviser, Brian Deese, is expected to depart next year…

The Independent UK

Biden's economic team losing adviser Rouse after midterms

A key member of President Joe Biden’s economic team is leaving his administration

The Independent UK

Biden pitchman Landrieu hawks infrastructure and hope

Mitch Landrieu is the man entrusted with promoting President Joe Biden's $1 trillion infrastructure plan to the nation

Tribune News Service

Biden open to new oil reserve sales as last tranche released

The Biden administration plans to release 15 million barrels from US emergency reserves and may consider freeing up significantly larger additional supplies this winter as it tries to ease high gasoline prices that have become a liability for Democrats in next month’s midterm elections.

Tribune News Service

Biden says more oil releases possible to cut gasoline prices

President Joe Biden announced the drawdown of an additional 15 million barrels of oil from U.S. emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.

AFP

'All options' on table in US response to OPEC+ cuts: W.House

Aboard Air Force One (AFP) - The White House on Thursday said "all options" are being considered after the OPEC+ group's decision to cut oil production, despite US arguments that this will raise fuel costs and endanger world economies.

Crikey

OPEC slashes oil production as recession looms, with developing countries set to be the biggest losers

With a possible recession set to cut deeply into global demand for oil, the cartel is cutting production by 2 million barrels per day.

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