sandra: america s energy crisis, president biden will ask congress to suspend the gas tax for summer. critics say it will have little impact on american wallets and could make the inflation situation worse. hello, welcome, everyone, i m sandra smith in new york. hi, john. john: i m john roberts in washington and this is america reports. the president will request a three month suspension of the gas tax through september, currently $0.18 a gallon for gasoline. $0.24 a gallon for diesel. studies show a move like this does not save people all that much money but does cost the government billions of dollars in revenue. sandra: former president obama famously called it a gimmick in 2008, and all of this as we expect president biden to pin the blame once again on his favorite bogeyman, vladimir putin. jacqui heinrich is live at the white house. hi, jacqui. jacqui: good afternoon to you. the president is expected to call on congress to extend a federal gas tax holiday, som
to give a break to the oil companies, that is not even going to the consumer. so, that s the con. the pros very show biz. and let s put a number on it. the american public will get a $6 billion decrease for the prices at the pump as a result of this. but we are paying $334 billion more a year because of that 2.50 extra that we are paying by the biden gas tax. so this is a drop in the bucket, if you will, compared to what we are paying because of inflation. and it all comes down to the president decreasing supplies, he keeps talking about those 9,000 licenses, leases that have been sent out. 2200 of these leases are tied up in legal battles, so nothing can be produced on it. so that leaves 6800 and of course those don t have the permits and you have to go
venezuela. when it comes to venezuela, i would say we as the united states should promote our values and do things like recognizing the interim president. we have to keep in mind what is the best way we can affect the outcome we want? greg: so you are saying assassination. marie: sometimes the united states has tried to get certain outcomes by being too involved in other countries internal affairs, by supporting opposition leaders or revolutions. we have to keep in mind that we have a little bit of a checkered history here. the other thing i would bring up is the diplomats that are still there. president maduro has asked them to leave. the present we are recognizing now is asking them to stay. as of right now, they are staying but they are in the middle of a very tense security situation. they are short of being used as pawns here on the ground by both sides. that concerns me. it worries me a little bit. greg: dan, i don t see both sides. 12 years, this was a beautiful country.
japan should have taken the threat of the tsunami more seriously. a european food crisis as scientists look for the source of a deadly infection. there is anger in spain as vegetable exports are turned away. and the final endeavor. the space shuttle s last mission. we re live at the kennedy space center in florida. fifa is poised to re-elect set blater as president, the most controversial leadership vote in football s governing body. fifa ignored calls to postpone the ballot. prince william, the president of the english association, supported that call and so has the scottish association. in a stunning about turn, though, fifa vice president jack warner suspended from his duties at the weekend that a corruption investigation urged fifa members to get behind blater s bid. 24 hours later, he was saying that blatter had to be stopped. the vote is now a formality and insuring another four-year presidential term for the 75-year-old swiss. his challenge is to steer the organi
allowed to float it would be higher. why does it matter? the higher the value of chinese currency the less attractive their exports are. take last year, between january and november of the last year, the united states imported $334 billion worth of goods from china and exported $280 billion of good. if the dollar, the value is up here and here is the value of the chinese currency, if it was allowed to float the value would come up, would it make some of those exports less attractive for us to buy and it would make it more attractive to buy u.s. goods. bill: so they are keeping american goods more expensive in their own country by this kind of manipulation. it s hard to figure it out. say i go over to beijing and i give hundred dollars to change into chinese money. then i come back out with the same hundred. i don t spend anything and i try