Browsing Category

US Economy

MD Healthcare for All seeks bi-partisan backing for Inflation Act

TL/DR - Healthcare advocates in Maryland are urging political candidates to support the Inflation Reduction Act (IRA) at a federal level, an act set to expire in 2025. The IRA, which allows Medicare to negotiate with pharmaceutical companies to regulate prescription costs and caps insulin expenses at $35 per month for Medicare recipients, has…

Poll reveals voters unfamiliar with Biden’s domestic spending plans

TL/DR - The Politico-Morning Consult poll has revealed that a significant portion of voters are unfamiliar with President Biden's domestic spending initiatives. The poll asked voters about their knowledge of four major domestic policy laws, which included the 2021 American Rescue Plan, the 2021 bipartisan infrastructure law, the 2022 CHIPS and…

Detroit firm uses IRA funds for household energy efficiency

TL/DR - Michigan Central Station's reopening on June 6 is expected to boost the local economy and innovation sector. State funds from the Inflation Reduction Act will be utilized to create jobs, increase domestic manufacturing, lower energy costs, and reduce air pollution. Additionally, Detroit-based business Pearl Edison, which promotes clean…

Tariffs Required to Safeguard ‘Stimulus’ from ‘Inflation Reduction Act’

TL/DR - US Treasury Secretary Janet Yellen, in an interview with Bloomberg, commented on President Biden's forthcoming announcement of increased tariffs on China, stating that the move aims to protect the stimulus being provided through the Inflation Reduction Act. The tariffs are intended to support strategic industries like semiconductors and…