Bloomberg The White House reiterated President Joe Biden’s opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan, raising new questions about the viability of a bipartisan compromise emerging in the Senate. “After the extraordinarily hard times that ordinary Americans endured in 2020 — job losses, shrinking incomes, squeezed budgets — he is simply not ...

Bloomberg Germany is lobbying the European Commission to set stricter climate protection targets for the region’s car and aviation industries, according to Frankfurter Allgemeine Sonntagszeitung. In a position paper sent to the European Union (EU) executive, the government urged “ambitious fleet limits” for emissions from new cars in Europe by 2030, the newspaper reported. CO2 limits for automakers are a “decisive ...

Bloomberg Canadians are piling on debt to purchase property at the fastest pace in more than a decade amid a pandemic-driven housing boom. Household mortgage debt grew by 1% in April to C$1.69 trillion ($1.4 trillion), Statistics Canada reported. That’s the fastest pace since 2010. In absolute terms, residential mortgage credit was up C$17 billion during the month, the largest ...