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President Joe Biden speaks at POET Bioprocessing in Menlo, Iowa, Tuesday, April 12, 2022. (AP Photo/Carolyn Kaster)

Biden blames Russia for intensifying inflation

Amid intensifying inflation, the White House has struggled to point the finger on whose to blame for the crisis. President Joe Biden has continued to blame inflation on Russia, although prices had been soaring for several months before the Ukraine crisis.






One-on-One with Economic expert & CEO of Opimas, Octavio Marenzi

Joe Biden announced he will tap U.S. oil reserves again for the 3rd time in less than a year. The administration will release 1 million barrels of oil a day from the National Petroleum Reserve in an effort to lower gas prices. The U.S. Energy Information Administration said the U.S. uses about 20 million barrels of oil a day, so releasing 1 million barrels a day is about 5 percent of what we consume.