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To help Democrats win their 51st Senate seat in a Georgia runoff election, President Joe Biden is headed north — to Massachusetts. Days before polls close on Tuesday, Biden still has no plans to visit Georgia. Instead Biden will aim to help Sen. Raphael Warnock’s reelection campaign from afar with appearances Friday at a Boston phonebank and a fundraiser. The appearances mark the culmination of the support-from-a-distance strategy Biden employed throughout the midterms. Biden is set to join a phonebank helping Warnock’s campaign before appearing at a fundraiser for the Democratic Senatorial Campaign Committee, which has spent millions of dollars to boost Warnock’s campaign over Republican challenger Herschel Walker.

AP
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The Group of Seven nations and Australia have joined the European Union in agreeing to a $60-per-barrel price cap on Russian oil. It's a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. The nations needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect. The price cap aims to prevent a sudden loss of Russian oil to the world that could lead to a new surge in energy prices.

wire
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WASHINGTON — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat.

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.