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US Economy
LG Energy, SK Sell US IRA Subsidy Rights to Offset Cash Shortages
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South Korean secondary battery producers LG Energy Solution and SK are looking to sell the rights to subsidies under the US Inflation Reduction Act (IRA) to improve cash flows. The subsidies are linked to the firms' US sales and manufacturing operations, and the process to receive the subsidies typically takes more than a year. The two…
Top 10 States with Largest Biden Infrastructure Funds are Key Battlegrounds
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The Biden administration has allocated $537 billion in infrastructure investments following the passing…
Biden’s Investment Agenda Cuts Costs for Families
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President Biden's Investing in America agenda and Inflation Reduction Act have resulted in tax credits…
Biden’s IRS to Increase Scrutiny on Super Rich, Big Corporations
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The Internal Revenue Service (IRS) is planning to increase audit rates to ensure that large corporations and wealthy taxpayers are not evading their tax responsibilities. The agency plans to increase the number of audits of taxpayers earning over $10 million annually by 50% for tax year 2026, with the audit rates of corporations with…
WV Firms Utilize Federal Manufacturing, Clean Energy Perks
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In December 2023, four West Virginia school districts began operating new all-electric school buses…
Biden uses Greene’s comments to argue for ‘Bidenomics’
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President Joe Biden reminded Americans that all Republicans, including controversial Rep. Marjorie Taylor…
Will Trump Reverse Biden’s Clean Energy Tax Credits if Reelected?
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Joe Biden's clean energy tax credits, incorporated in the 2022 Inflation Reduction Act (IRA), are now law and are likely to withstand any attempts at reversal even if Donald Trump wins the upcoming presidential election, says a senior administration official. The IRA includes tax credits, subsidies, and grants amounting to hundreds of…
HHS Secretary Spotlights Health Savings in Kennett Square Visit
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U.S. Secretary of Health and Human Services Xavier Becerra visited LCH Health and Community Services in…
Haaland declares $60M federal funds for Lower Rio Grande
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Interior Secretary Deb Haaland has announced $60 million in federal funding to improve water conservation…
US invests $60M to conserve Rio Grande water amid rising demand
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The US government plans to dedicate $60m to projects along the Rio Grande to improve resilience in the face of climate change and growing demands. The funding, the first from the Inflation Reduction Act for a basin outside the Colorado River system, will be used for various projects including capturing more stormwater runoff and improving…