The gas tax is currently 18.4 cents a gallon. Any freeze would require action by Congress.
Economists have expressed concern that the Fed raising interest rates last week to reduce high inflation could trigger an economic decline.
The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
“For many countries, recession will be hard to avoid,” said David Malpass, the World Bank’s president.
The richest man in the world said he has a "super bad feeling about the economy." President Joe Biden wished him "lots of luck on his trip to the moon. I don't know."
Inflation, rising interest rates, the ongoing Ukraine war and the continuing pandemic are raising concerns. Here's what the economic experts say.
Decades of economic studies show that women saw educational and economic advances thanks to the legalization of abortion in 1973.
Cryptocurrency trading platform Coinbase has lost half its value in the past week.
The 1.4% quarterly decline in gross domestic product — the first contraction since the pandemic hit in 2020 ― is not likely a prelude to recession, economists say.
Unemployment fell to 3.8% as the economy continues its pandemic recovery.