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US Economy
Price: The Switch from ‘Buy Clean’ to ‘Buy Dirty’ Explained
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The Inflation Reduction Act has allocated $4billion to the General Services Administration and Federal Highways Administration for "Buy Clean" programs that favor purchasing products with "substantially lower" emissions. The Environmental Protection Agency defines "substantially lower" as products with the lowest 20% of embodied emissions…
AFP Challenges Rep Lee, Sen Rosen Over Inflation Reduction Act Support
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Americans for Prosperity launched ads targeting Rep. Susie Lee and Senator Jackie Rosen for supporting…
Congressmen Aim to Amend Inflation Act for Rare Disease Research
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The ORPHAN Cures Act has been introduced by Reps. John Joyce (R-Pa.) and Wiley Nickel (D-N.C.) to alter…
White House Economist: Tax Code Includes Green Transition
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The Chair of the White House Council of Economic Advisers, Lael Brainard, has stated that it would be difficult for Republicans to reverse the sustainable energy provisions of the 2022 Inflation Reduction Act (IRA) if they win majorities in the upcoming general election. The IRA incentivizes businesses and households to transition to…
Clean energy tax credits likely to stay, says Brainard
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Joe Biden's clean energy tax credits, part of the 2022 Inflation Reduction Act (IRA), are now law and are…
Joyce and Nickel Seek to Alter Inflation Act for Rare Disease Research
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Reps. John Joyce (R-Pa.) and Wiley Nickel (D-N.C.) are pushing to pass the ORPHAN Cures Act, a bill that…
Final Clean Vehicle, Battery Supply Chain Rules Released by Treasury
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The U.S. Treasury Department and IRS have released the final rules on clean vehicle provisions of the Inflation Reduction Act (IRA), with the Department of Energy issuing guidance on battery manufacturing issues as per the Bipartisan Infrastructure Law (BIL). These measures are said to be lowering costs for consumers and creating a US…
US eases EV battery rules, may expand tax credit eligibility
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The U.S. government has made changes to rules concerning electric vehicle (EV) tax credits, potentially…
Biden to halt offensive arms to Israel if Rafah is invaded
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President Biden has threatened to halt the supply of offensive weapons to Israel if Israeli forces invade…
Carper Discusses Climate Progress, Future Work at EPA Budget Hearing
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U.S. Senator Tom Carper has presided over a hearing on the proposed budget for the U.S. Environmental Protection Agency (EPA) for fiscal year 2025. The President's $11 billion budget request - a 20% increase from the previous year - is seen as essential after years of funding cuts to better protect the health and well-being of US citizens…