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☆ White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor says
▼ + stars: | 2024-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

President Joe Biden's top economic advisor said Thursday that the White House will "make sure gas prices remain affordable" when asked whether the administration would consider tapping the Strategic Petroleum Reserve. We'll continue to monitor closely and want to make sure that those gas prices remain in current ranges," Brainard said. U.S. crude oil hit a high of $87.67 per barrel this year before pulling back to around $83 a barrel. The White House is keeping a close eye on "geostrategic risk" in the Middle East, Brainard said. Daniel Yergin, vice chairman of S&P Global, said oil prices above $90 presents a problem for the broader market.

Persons: Lael Brainard, Joe Biden's, Brainard, Biden, Lloyd Austin, John Podesta, Tuesday Biden, –, Daniel Yergin, It's, Yergin, CNBC's Organizations: AAA, Summit, Strategic Petroleum Reserve, JPMorgan, Brent, P Global Locations: East, Eastern Europe, Israel, Ukraine, Iran

Aides previously found another batch of classified documents at his residence, and at a Washington think tank where he had an office after his time as vice president in the Obama administration. The White House has largely been on the defensive since the initial revelations that the documents had been found. The department is separately probing Trump's handling of highly sensitive classified documents that he retained at his Florida resort after leaving the White House in January 2021. Sams said the White House had received a "few letters" from the Republican-led House Oversight Committee on the issue, is reviewing them and will make a determination about its response in due course. The White House reiterated on Tuesday Biden's commitment to cooperating with the Justice Department’s investigation.

If Democrats elect more senators and keep control of the House of Representatives, Biden said he will sign a law codifying Roe in January to protect abortion rights. White House press secretary Karine Jean-Pierre said on Tuesday Biden would support a carveout of the filibuster reform in order to codify abortion rights. Jean-Pierre did not say what happens to abortion rights if Democrats do not control the legislature. Some 20% of Democratic women cite the end of national abortion rights as their top issue for the midterms, compared with 22% who cite inflation. Biden and top White House officials this month announced new guidelines and grants to protect abortion and contraception rights.

Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022. Still, the U.S.-Saudi rift is widening as Saudi Crown Prince Mohammed bin Salman, widely known as MbS, flags his country's -- and his own -- importance on the world stage. "He has made a great effort since day 1 to signal to the U.S. that he wants excellent ties. Prince Mohammed, the kingdom's de facto ruler, is aware of Riyadh's oil market power and position as a counterweight to Iran, and may stand firm in the face of U.S. criticism. It says it faces a threat from Iran and its proxies, especially after 2019 attacks that temporarily hit Saudi oil output and shook energy markets.

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