The Biden administration is trying to ease European concerns about America’s new climate and tax law, which some allies view as a protectionist industrial policy that threatens their economies. More than a year after passage of the Inflation Reduction Act, European officials are still frustrated by the legislation, which included more than $300 billion in […]
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U.S. Imposes First Sanctions for Violations of Russian Oil Price Cap
The United States imposed sanctions on two shipping companies on Thursday for violating the oil price cap that the Group of 7 nations enacted to starve Russia of energy export revenue, the first such penalties that have been leveled amid growing concerns that the policy has been diminished by evasion and loopholes. The sanctions were […]
Read MoreWall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra became one of the most powerful financial regulators by pairing bark with bite. As director of the Consumer Financial Protection Bureau, he has attacked — often with a hammer — the perpetrators of what he considers injustices against everyday Americans. When the bureau slapped Wells Fargo last year with $3.7 billion in fines […]
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