After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases.

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The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability.

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One year ago, Joe Biden marked his first Earth Day as president by convening world leaders for a virtual summit on global warming that even Russian President Vladimir Putin and China's Xi Jinping attended. Biden used the moment to nearly double the United States' goal for reducing greenhouse gas emissions, vaulting the country to the front lines in the fight against climate change.

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The Michigan governor wants a nuclear power plant on Lake Michigan to stay open and she's asking the federal government to pay for it.

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The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.

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The Biden administration is restoring federal regulations guiding environmental reviews of major infrastructure projects such as highways and pipelines that were scaled back by the Trump administration in a bid to fast-track the projects. A rule completed on Tuesday will restore central provisions of the National Environmental Policy Act, a bedrock environmental law designed to ensure community safeguards during environmental reviews for a wide range of federal projects and decisions, the White House said.

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The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.

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President Joe Biden said Tuesday his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer. The move, which Biden announced during a visit to Iowa, is intended to tamp down prices at the pump that have spiked during Russia's war with Ukraine. Iowa is a key producer of the corn-based fuel additive.

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America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic, Russia's war against Ukraine and the highest inflation in 40 years.

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President Joe Biden is again dipping into the nation's petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily release of 1 million barrels of oil from the strategic petroleum reserve for the next six months. Biden will also ask Congress to penalize oil and gas companies that lease public land but aren't producing energy.

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