Biden says Russia will "bear the consequences" for its Ukraine invasion, but locking it out of the SWIFT banking network seems off the table for now.
Air strikes and troop movements are visible from space.
The president says Putin's aggression will cost Russia dearly.
The cost of crude oil tipped past $105 a barrel on Thursday for the first time in eight years.
The actions come after Ukraine's president makes an emotional plea for peace.
The sources include official government channels, respected aid organizations and journalists on the ground from major publications.
Russia's incursion into Ukraine has already dented the stock market and threatens to worsen inflation as oil prices soar.
Truth Social tops Apple's App Store despite a buggy rollout.
President Biden is expected to name his pick this week. Ketanji Brown Jackson, Leondra Kruger and Michelle Childs are all reportedly top contenders.
The president said there are over 150,000 Russian troops surrounding Ukraine.
Some people who downloaded the social media app received error messages when they tried to create an account. Others were placed on a waitlist.
Law enforcement agencies in the US capital are already looking for support from the National Guard.