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US Economy

Biden, Trump Disagree on Economic Plans, Inflation in 1st Debate – MDJOnline

TL/DR - During the first presidential debate, Joe Biden and Donald Trump clashed over their economic policies, with a particular focus on inflation reduction. No specific details were given in the article regarding the content of the argument. The source of this information is MDJOnline.com. Trump and Biden Face Off Over Economic Strategies:…

No intent to return to Congress for inflation act amendment

TL/DR - The White House has confirmed that there are no plans to push for changes to the Inflation Reduction Act, despite concerns from European leaders. President Joe Biden had specified that tweaks could potentially be made to facilitate European countries' participation, or enable them to establish their own similar provisions. However, White…

Biden Faces Difficulty Expressing Key Policy

TL/DR - The 2022 Inflation Reduction Act, signed by President Joe Biden, provides measures to reduce prescription drug costs for Medicare beneficiaries, including allowing Medicare to negotiate prices and capping monthly insulin prescriptions at $35. Additionally, it sets an annual out-of-pocket limit for Medicare Part D enrollees at $2,000,…