The U.S. government is expected to make an announcement this week about 

How it will address both gasoline prices and burdensome student loan debt.

According to CNN, Biden hopes to decide soon whether to support a gas tax holiday. 

Additionally, he is close to making a decision regarding student loan relief.

Asked whether he supports a gas tax holiday, Biden said at a press briefing in Delaware, "I hope to make a decision by the end of the week."

Asked whether he supports a gas tax holiday, Biden said at a press briefing in Delaware, "I hope to make a decision by the end of the week."

In spite of the fact that many lawmakers support funding infrastructure improvements on the nation's roads 

And highways, that might be a tough sell. As the summer travel season kicks off, the White House faces increasing

pressure to lower gas prices. It climbed above $5 a gallon for the first time this week before dropping to $4.968.

According to Fortune, Biden told his staff he was going to meet with oil industry executives this week. 

In his letter to U.S. refiners last week, he said record profits are unacceptable. 

It is imperative that oil production be improved immediately, he said. 

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