The Latest Breaking News from Brian Deese

Yellen says US recession not ‘inevitable’ but expects ‘economy to slow’

Treasury secretary says ‘inflation unacceptably high’ and it is Biden’s ‘top priority to bring it down’

The Guardian - US · Jun 19, 2022

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service · Jun 15, 2022

Contentious CNN interview about baby formula derailed as camera collapses on set

Mr Deese attempted to catch the camera before it tumbled to the ground

The Independent UK · Jun 2, 2022

US gets first 70,000 pounds of baby formula to counter shortage

A planeload of more than 70,000 pounds of baby formula arrived in the U.S., starting an emergency program to alleviate a national shortage that has left some parents scrounging to feed their children.

Tribune News Service · May 22, 2022

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

Tribune News Service · May 22, 2022

Nestlé baby formula shipment lands in U.S. to ease shortage

The shipment will account for 15% of the need for specialty medical grade formula.

Axios · May 22, 2022

Abbott CEO says ‘sorry’ over baby formula shortage and vows to ensure ‘this never happens again’

Chairman and CEO of the embattled company Robert Ford insists the company is taking steps ‘to ensure this never happens again’

The Independent UK · May 22, 2022

US economy now ‘facing rocky waters,’ Biden aide Deese says

President Joe Biden’s top economic adviser said that the U.S. may see some difficulties as it contends with elevated inflation and further supply-chain challenges stemming from COVID lockdowns in China and the Russian invasion of Ukraine.

Tribune News Service · Apr 11, 2022

India optimistic on US defence talks despite Russia strain

NEW DELHI: India is optimistic about talks next week with the US on military cooperation even as the Biden administration becomes more vocal in rebuking New Delhi over its reluctance to criticize Russia's war in Ukraine, people familiar with the matter said.

The Times of India · Apr 8, 2022

Analysis: Biden’s actions and words since Warsaw align with walked-back declaration that Putin must go

WASHINGTON — The White House might have walked back President Joe Biden’s declaration that Vladimir Putin “cannot remain in power” in Russia, but his words and actions since then fall in line with the boldest statement of his term.

Tribune News Service · Apr 7, 2022