The price cap imposed on Russian oil by the G7 countries is not working as intended, US Treasury Secretary Janet Yellen said on Friday, as quoted by Bloomberg. She said market prices for crude exported from the sanctions-hit nation remain high. A $60-per-barrel price ceiling on Russian seaborne crude was ...
Time is running out. Saturday is the last day Congress can move to avert a government shutdown before funding expires at 12:01 a.m. Oct. 1, and lawmakers are almost completely out of options. The House yesterday failed to pass a continuing resolution, or temporary funding measure, that would extend government ...