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US Economy

Pelosi Buoyant at White House Inflation Reduction Act Celebration

TL/DR - Speaker Nancy Pelosi attended a White House celebration for the Inflation Reduction Act, a major legislative piece that required strong cooperation among Senate Democrats, including moderate-voting Senators Manchin (D-WV) and Sinema (D-AZ). The act focuses on tackling climate change, controlling drug prices, reducing healthcare costs, and…
US Economy

LS Cable & System Gets $99M Tax Credit Under Section 48C

TL/DR - The United States Department of Energy (DOE) has granted LS GreenLink USA, a subsidiary of LS Cable & System Ltd. (LS C&S), an investment tax credit of $99,060,000 under the Qualifying Advanced Energy Project Credit Program. LS GreenLink plans to use this funding to build a state-of-the-art manufacturing facility to produce…
US Economy

Doubts Rise over Biden’s Climate Law Amid Growing Eco-Concerns

TL/DR - A new Associated Press-NORC Center for Public Affairs Research poll shows that 45% of U.S. adults have become more concerned about climate change over the past year. President Biden's Inflation Reduction Act, which promotes clean energy and electric vehicles, is not widely known among the general population and only 23-35% believe it will…
US Economy

Poll: Climate worries rise, but few believe Biden’s law will help.

TL/DR - A new poll from the Associated Press-NORC Center for Public Affairs Research shows that 45% of US adults are more concerned about climate change than a year ago. However, many are unaware of President Joe Biden's Inflation Reduction Act, which invests billions into clean energy incentives. Even though about a quarter of Americans…