Biden will meet with U.S. financial regulators on Monday

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Shawna Chen
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

President Biden will meet with financial regulators on Monday.

Driving the news: "The meeting will cover regulatory priorities including climate-related financial risk and agency actions to promote financial inclusion and to responsibly increase access to credit," said press secretary Jen Psaki, according to a press pool report.

Get market news worthy of your time with Axios Markets. Subscribe for free.

Why it matters: Wall Street, K Street, Congress and beyond have signaled to financial regulators their interest in influencing new federal climate disclosure requirements.

The big picture: Biden is also set to continue negotiations with Republicans and Democrats on the American Jobs Plan next week, per Psaki.

More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Recommended Stories

  • Chicago USPS postmaster replaced following mounting calls for her resignation over mail delays

    CHICAGO — Chicago’s embattled postmaster has been replaced after months of outcry about mail delays, according to an internal announcement. Wanda Prater, the leader of the U.S. Postal Service’s Chicago district, left that role Saturday following complaints from congressmen, aldermen and the local mail workers union about delivery delays. Taking the helm is Eddie Morgan Jr., who most recently ...

  • Biden to Meet With Top U.S. Financial Regulators on Monday

    (Bloomberg) -- President Joe Biden plans to meet with top U.S. financial regulators on Monday to discuss the health of the system they oversee and how his administration’s priorities, including on climate change and inclusion, can best be addressed.The meeting, which was announced by the White House on Friday night, comes at a critical stage for Biden’s infrastructure proposal and after Federal Reserve officials said this week that they anticipated two interest rate increases by the end of 2023.

  • Bad strategy? How the Republican attack on voting rights could backfire

    Republicans are pushing hundreds of bills to limit voting access. Some measures may get in the way of their own voters Boxes from Milwaukee’s voting wards on election night as absentee ballots are counted. Voting experts now say the restrictions being approved in Republican-led states may not help the party’s chances. Photograph: Bing Guan/Reuters As the coronavirus wreaked havoc around the world, lawmakers in the US were faced with a monumental task: carrying out a presidential election in the

  • Catholic leaders advance plan that could deny Biden Communion

    The U.S. Conference of Catholic Bishops overwhelmingly voted, 168-55, to draft a document that they hope will prevent President Biden and other Catholic politicians from receiving Communion if they advocate for abortion rights, the Associated Press reports.Why it matters: Biden is the United States' second Catholic president and the country's most religiously observant leader since Jimmy Carter, per the New York Times. Enforcing the rule to deny Communion would be up to individual bishops.Get ma

  • Biden Touts 300 Million Vaccines in 150 Days

    "Get vaccinated now, now," the president said

  • Trump DOJ takes extreme measures to another level

    15 years ago, the Justice Department investigated a lawmaker: What those in charge then say about newly revealed subpoenas for Democrats' phone data.

  • Three arrested in property fraud case after an elderly owner discovers lot sold for $230,000

    Shirley Gibson, 86, made the annual trek to a county office to pay her property taxes earlier this year, only to be told they were already paid by the new owner.

  • Trump changed the date of his Juneteenth Tulsa rally after a Black Secret Service agent told him it was 'very offensive,' book says

    The Trump campaign changed the date of the Tulsa rally after President Trump asked a Black Secret Service member about the meaning of Juneteenth.

  • Rudy Giuliani, Sidney Powell, and Fox News have August date confirmed for court bid to dismiss $2.7 billion Smartmatic lawsuit

    NY Judge David Benjamin Cohen on August 17 will hear oral arguments from Fox News and some of former President Trump's lawyers.

  • Virus surge claims brightest minds at Indian universities

    Sajad Hassan sat at his professor's hospital bedside for three nights, doing most of the talking as his friend and mentor breathed through an oxygen mask and struggled with a suspected COVID-19 infection. “I could visibly see fear in his eyes,” Hassan recalled. Two days later Dr. Jibraeil was dead, one of nearly 50 professors and non-teaching staff at AMU, one of India's top universities, who fell victim to the coronavirus as it ripped through through the country in April and May. AMU's tragedy was repeated across India as schools suffered similar blows to their faculty, and the loss of their knowledge — and in many cases friendship and guidance — has been devastating to the academic community.

  • The Spectacular Failure of the MyPillow Guy’s Mask Operation

    Photo Illustration by The Daily Beast/Photos via GettyMyPillow CEO Mike Lindell’s charity and business combo venture to make and sell COVID-19 masks has cost him millions of dollars, according to the increasingly far-right conservative figure.Today his company is sitting on millions of unsold face coverings, which he now despises and wants to burn.“I can’t give them away,” Lindell told The Daily Beast in a phone interview this week. “I tried to. No one wants the things anymore.”Lindell, who clai

  • Rep. Ted Lieu calls Catholic bishops 'hypocrites' for trying to deny Biden Communion over abortion stance while ignoring Bill Barr's death penalty push

    Rep. Ted Lieu, a Catholic, said the move was "nakedly partisan" and said "next time I go to Church, I dare you to deny me Communion."

  • Biden says the Delta variant - set to become the US's dominant strain - is 'particularly dangerous for young people'

    Young people who are unvaccinated and socially active may be particularly susceptible to a Delta infection.

  • The Palestinian Authority rejected 90,000 vaccine doses from Israel because they were almost expired

    The PA health minister said the doses were supposed to expire in July or August, but expired this month instead.

  • 300K Americans may live with a chronic, deadly disease transmitted by the 'kissing bug.' What is Chagas and why are doctors missing it?

    The key is to treat the infection early but many Americans are unaware they have it and a recent study suggests doctors are under-diagnosing it.

  • How the 'F9' team sought justice for Han and shaped the franchise's future

    "F9" star Vin Diesel, director Justin Lin, a returning Sung Kang and more stars on the "Fast & Furious' family reunion and what's next for the franchise.

  • The Biden administration is enabling a Trump comeback

    Democrats think enforcing the law on their opponents is somehow unfair

  • His bagel didn’t have cream cheese, so he pulled gun on a police chief’s daughter, cops say

    While working her job at Starbucks, the daughter of Miami Gardens’ police chief was allegedly threatened with a gun over an order mix-up — the gunman was given his bagel without cream cheese, police say.

  • Police arrest boy, 16, in killing of teenager shot in chest in northwest Fort Worth

    Police also arrested a woman in a separate homicide case in which an 18-year-old was killed.

  • Week ahead: Fed chief returns to Capitol Hill

    There’s no rest for Federal Reserve Chairman Jerome Powell. After hashing it out with fellow policymakers, now he's talking things out with lawmakers. The Fed Chief back on Capitol Hill - virtually, that is - tops the Reuters Business Calendar for the week of June 21.1. The Fed's learning momentsMarkets get another dose of Mr Powell on Tuesday. He will testify before a House committee delving into quote the "Lessons learned" about The Federal Reserve’s response to the global crisis. The Fed has thrown trillions of dollars at shoring up the economy. Powell's testimony comes with the Fed now ready at least to start thinking about how and when to pull back some of that extra help, given the strength of this economic rebound.Summit Place Financial Advisors President Liz Miller:"The Fed updating its economic dot plot, taking into account that we are seeing arguably a stronger opening than anyone expected in the spring of 2021, and therefore an expectation that rates will start moving up in 2023." 2. Keeping an eye on the gauge But any movement in rates or the Fed's bond-buying program will still largely depend on the data....particularly the big "I" word: inflation. The Fed’s favored inflation gauge comes out on Friday. The Core Personal Consumption Expenditures Index, excluding food and energy, otherwise known as core PCE, is expected to show a year-over-year surge of 3.5 percent for the month of May. It posted the biggest annual surge in nearly 30 years the month before. 3. Big Tech under the microscope Going back to Washington.....There's a vote on Capitol Hill on Wednesday that could mark the beginnings of a Big Tech break-up. Lawmakers on The House Judiciary Committee will vote on six anti-trust bills aimed at limiting the power of America's tech giants. Two of the bills take aim at how big companies like Amazon and Alphabet, the parent of Google, create platforms for other businesses to use...and then compete against those same businesses. Another bill would force tech companies to let consumers take their data with them when they transfer to a competing tech platform. Any of the bills that pass the committee vote would then have to be approved by the full House of Representatives.4. A real deal bandwagonReady....set.....click.....Are consumers ready for a mid-year online shopping spree? Amazon kicks off what it is calling “two days of epic deals” when it launches Prime Day, which - actually - isn't just one day. This year it’s Monday and Tuesday June 21st and 22nd. Not to be outdone, Walmart and Target are ready to go toe-to-toe with Amazon and are starting their online discounts a day earlier.5. Buckling up at the box officeBuckle your seat belts. Hollywood is about to go into hyper drive. "F9: The Fast Saga" comes out Friday June 25th with enough fast-winding twists and turns to give you whiplash. This is the latest installment in the blockbuster car-racing Fast and Furious franchise. The previous eight films have brought in some $5 billion globally, according to promotional materials. The whole gang is back, led by Vin Diesel, but cast newcomers John Cena and Cardi B join the chase....hopefully shaking things up on the big screen and at the box office.