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US Economy

Biden hustles to protect environmental rules from Congress

TL/DR - The Biden administration is fast-tracking major environmental regulations to protect them from possible reversal should Donald Trump win the 2024 presidential election. The administration is aiming to complete these regulations before May 22, 2024, which will safeguard them from the Congressional Review Act, a law that allows a new…

Biden confronts MAGA Republicans, climate change deniers – Fox News

TL/DR - The article discusses President Biden's criticism of Republicans who deny climate change and his reference to them as "MAGA Republicans". He accused these Republicans of not believing in science and having a self-centered view of the world. The President also stressed the urgency of addressing climate change, framing it as a matter of…

Is it Possible for Trump to Cancel the IRA?

TL/DR - Donald Trump has expressed interest in repealing the Inflation Reduction Act (IRA), Biden's signature climate initiative, as have some Republicans in Congress. However, repealing the Act would require Republican majorities in both the Senate and the House, which is described as difficult due to the GOP's struggles to pass legislation and…

Fortescue criticizes Biden’s green Hydrogen Tax Credit Act rules

TL/DR - The "hourly matching" rule, which requires hydrogen producers to either stop production when renewables are not available or subscribe to excess renewable power from various sources, can increase the cost of an 80-megawatt green hydrogen facility by 140 to 200%. This rule could force hydrogen producers to sign up for seven times more…