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The Hill’s 12:30 Report: Biden’s strategy to lower gas prices

The Hill's 12:30 Report: Biden’s strategy to lower gas prices 1

The Hill 12:30 Report

 
 
 
NEWS THIS MORNING
We’re getting some oil from the ~secret stash~:

The Hill's 12:30 Report: Biden’s strategy to lower gas prices 2

© Giphy

 

The White House announced this morning that it will release 50 million barrels of oil from the U.S.’s Strategic Petroleum Reserve to lower the rising cost of gas at the pump. https://bit.ly/3l1SMMu

 

Will that oil be replenished?: Yes, 32 million barrels of the oil will eventually be returned to the reserve once prices lower.

 

Are other countries doing the same?: Yes, “Tuesday's announcement was made in concert with China, India, Japan, South Korea and the United Kingdom, which will also tap into their own strategic reserves.” This discussion has reportedly been in the works for weeks. 

 
RISING PRICES ARE AN INCREASING THREAT FOR BIDEN:

Via The Hill’s Niall Stanage, “Inflation reached its highest level in more than 30 years in October. And as it has risen, Biden’s approval rating has fallen precipitously.” What could happen now: https://bit.ly/3rbe8um

 

It’s a pretty quiet Tuesday of the holiday week. I’m Cate Martel with a quick recap of the morning and what’s coming up. Send comments, story ideas and events for our radar to cmartelkatanathehill.com — and follow along on Twitter katanaCateMartel and Facebook.

 

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IN CONGRESS
Biden’s decision to simplify things just a lil’ isn’t every Democrats’ choice:

Via The Hill’s Alexander Bolton, “President Biden sidestepped a battle over the leadership of the Federal Reserve by disappointing progressive allies and sticking with Jerome Powell, whom former President Trump nominated as Fed chairman four years ago.” https://bit.ly/3nIit6e

 

Why Powell was an enticing pick — the alternative would have been more of a fight: “Senate aides predict Powell will easily have enough votes to secure confirmation … and warned that Biden would have had a much tougher fight on his hands had he instead picked Lael Brainard, the only Democrat on the seven-member board and the favorite of a number of progressives.”

 

Biden’s consolation prize to progressives: Biden nominated progressives’ favorite, Lael Brainard, as the vice chair.

 
THE JAN. 6 INVESTIGATION
Alex Jones, Roger Stone, you’re on deck.:

Via The Hill’s Rebecca Beitsch, “The House select committee investigating the Jan. 6 riot is subpoenaing Trump ally Roger Stone and far-right radio host Alex Jones along with others who helped plan and finance the rallies that preceded the attack on the Capitol.” https://bit.ly/3l19Emi

 

Why Stone?: “Stone, one of several Trump confidants to be pardoned by the former president, was set to speak at rallies on both Jan. 5 and Jan. 6 and reportedly used members of the far-right militia group the Oath Keepers as personal security that day.”

 

Why Jones?: “Jones, a right-wing conspiracy theorist, also spoke at both rallies and facilitated a donation to provide what he described as ‘80 percent’ of the funding for the rally near the White House on Jan. 6.”

 
IN THE GOP
Let’s go splitsies:

Via The Washington Post’s David A. Fahrenthold, Josh Dawsey, Isaac Stanley-Becker and Shayna Jacobs, “The Republican National Committee is paying some personal legal bills for former president Donald Trump, spending party funds to pay a lawyer representing Trump in investigations into his financial practices in New York, a party spokeswoman said Monday.” https://wapo.st/3DKzOkA

 

How much?: “In October, the RNC made two payments totaling $121,670 to the law firm of Ronald Fischetti, a veteran defense attorney whom Trump hired in April.”  

 

Is it related to his campaign?: No, “there has been no indication that either investigation involves Trump’s time as president or any of his political campaigns.”

 

The full story: https://wapo.st/3DKzOkA

 
‘TRUMP ALLIES LEANING ON HIS EXECUTIVE PRIVILEGE CLAIMS’:

How so, from The Hill’s Rebecca Beitsch and Harper Neidig: https://bit.ly/3nGEGBM

 
‘THE THREE I’S THAT COULD DOMINATE 2020 MIDTERM ELECTIONS’:

Via The Wall Street Journal’s Gerald F. Seib, “They want to focus voter attention on three I’s: inflation, immigration and identity politics—specifically, whether Democrats now are the ones practicing identity politics.” https://on.wsj.com/3CIYxVi 

 
LATEST WITH COVID-19
To reinstate the mandate or not, that is the question:

Via The Hill’s John Kruzel, “The Biden administration on Tuesday asked a federal court to reinstate a workplace vaccine mandate that was put on hold earlier in November.” https://bit.ly/32i2Ry4

 

Details of the case: “In court papers filed overnight, the administration urged a Cincinnati-based federal appeals court to lift a court order blocking the public health rule, which requires larger businesses to have employees receive the COVID-19 vaccine or undergo regular testing and mask-wearing.”

 

The full story: https://bit.ly/32i2Ry4

 

Read the court papers filed: If you’re into that kinda thing … https://bit.ly/32m2D9b

 
Some restrictions are back in place in Europe:

Via The New York Times’s Patricia Cohen and Melissa Eddy, “Europe’s already fragile economic recovery is at risk of being undermined by a fourth wave of coronavirus infections now dousing the continent, as governments impose increasingly stringent health restrictions that could reduce foot traffic in shopping centers, discourage travel and thin crowds in restaurants, bars and ski resorts.” https://nyti.ms/3CIJ3jZ

 

Especially in Austria: “Austria has imposed the strictest measures, mandating vaccinations and imposing a nationwide lockdown that began on Monday.”

 

What to expect: https://nyti.ms/3CIJ3jZ

 
CASE NUMBERS:

Coronavirus cases in the U.S.: 47,890,888

 

U.S. death toll: 772,440

 

Breakdown of the numbers: https://cnn.it/2UAgW3y

 
VACCINATION NUMBERS:

Total number of vaccinations administered in the U.S.: 451 million shots have been given.

 

Seven-day average of doses administered: An average of 1.56 million doses

 

For context: The U.S. population is roughly 331 million.

 

Breakdown of the numbers: https://bloom.bg/3iVTPLH

 
NOTABLE TWEETS:
USA! USA! USA!:

The cheese stockpile

© Twitter

 
The best time of the year at Union Station:

Christmas wreaths at Union Station

© Twitter

 
A look at the new DCA airport setup:

Thanksgiving travel

© Twitter

 
ON TAP:

The House and Senate are out. President Biden and Vice President Harris are in Washington, D.C.

 

19 a.m. EST: President Biden and Vice President Harris received the President’s Daily Brief.

 

4 p.m. EST: President Biden, first lady Jill Biden, Vice President Harris and second gentleman Doug Emhoff participate in a service project at DC Central Kitchen. 

 

5:55 p.m. EST: President Biden and first lady Jill Biden leave for Nantucket, Mass.

 
WHAT TO WATCH:

Today: Closing arguments in the trial of the killing of Ahmaud Arbery. Livestream: https://bit.ly/3cEK16n

 

2 p.m. EST: President Biden delivers remarks on the economy. Livestream: https://bit.ly/3CK3qxa

 

3:15 p.m. EST: White House press secretary Jen Psaki holds a press briefing. Livestream: https://bit.ly/3CJFRVs

 

3:30 p.m. EST: State Department Spokesperson Ned Price holds a press briefing. Livestream: https://bit.ly/3l2sxoO

 
IN LIGHTER NEWS:

Today is National Espresso Day and National Cashew Day!

 
Give me a tune — ‘It’s the most consumer-focused day of the yeaaar’:

Via The New York Times’s Wirecutter compiled a list of the best Black Friday Deals: https://nyti.ms/3nHDluv

 

Including

A few of the best Amazon deals: https://nyti.ms/3CIL0Nl

 

A few of the best Target deals: https://nyti.ms/3DP5sxA

 

Some sales directly from manufacturers: https://nyti.ms/3cMWkNL

 

And to make you smile during this holiday week, here’s a flamingo perfecting the skill of standing on one leg: https://bit.ly/3l0UrBU

 
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