Biden says anticipate excellent news in subsequent 24 hours

President Joe Biden pauses whereas talking within the East Room of the White Home in Washington, D.C., U.S., on Monday, Might 10, 2021. Chris Kleponis | Bloomberg | Getty Pictures WASHINGTON — President Joe Biden on Wednesday mentioned he anticipates excellent news “within the subsequent 24 hours” on the continued Colonial Pipeline cyber assault that


President Joe Biden pauses whereas talking within the East Room of the White Home in Washington, D.C., U.S., on Monday, Might 10, 2021.

Chris Kleponis | Bloomberg | Getty Pictures

WASHINGTON — President Joe Biden on Wednesday mentioned he anticipates excellent news “within the subsequent 24 hours” on the continued Colonial Pipeline cyber assault that has disabled gasoline deliveries up and down the East Coast in current days.

“We’ve been in very, very shut contact with Colonial Pipeline, which is the one space you are speaking about — one of many causes gasoline costs are going up,” Biden mentioned at an occasion Wednesday afternoon.

“I feel you are going to hear some excellent news in subsequent 24 hours. And I feel we’ll be getting that underneath management.”

The remarks got here as People within the Southeast and Mid-Atlantic confronted gasoline shortages on the pump beginning late Monday, which confirmed little signal of abating by Wednesday afternoon. Panic shopping for in some states was exacerbating the provision chain points.

“I’ve within the meantime made it simpler for us to have lifted a few of the restrictions on the transportation of gasoline, in addition to entry to the USA army offering gasoline, and with autos to get it there, locations the place it is badly wanted,” mentioned Biden.

The assault on Colonial Pipeline has been traced again to a hacker group known as the DarkSide, an organized group of hackers arrange alongside the “ransomware as a service” enterprise mannequin. This implies the DarkSide hackers develop and market ransomware hacking instruments, and promote them to different criminals who then perform assaults.

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CNBC’s Eamon Javers contributed reporting.

That is breaking information. Please examine again for updates.



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