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US Economy

Australia to Implement IRA-Like Act for Green Manufacturing Shift

TL/DR - Australian Prime Minister Anthony Albanese is planning a program to stimulate green manufacturing industries to enhance the country's economy beyond its traditional mineral extraction base. By the end of the year, the Australian government will pass the "Future Made in Australia Act" to boost investment and create jobs in green…

Biden’s $1T Bill Faces Voter Pushback

TL/DR - President Joe Biden's Inflation Reduction Act, which allocates about $1 trillion toward tax credits, grants, and loans for clean energy, has not been well-received among voters, despite the administration highlighting its benefits such as job creation, reduced costs for families, and tax code simplification. More than 40% of the public…

US Green Energy Thrives Amid Federal Funding Boost – BBC.com

TL/DR - The US green energy sector is experiencing significant growth due to the influx of federal cash. President Biden's $2tn infrastructure plan, which is heavily focused on clean energy, is expected to further boost the sector. This funding surge has led to an increase in renewable energy projects and jobs across the country. US Green…

Healthcare Savings to Benefit Inland Empire

TL/DR - The U.S. Department of Health and Human Services Secretary Xavier Becerra has announced new measures to reduce prescription drug costs in California, particularly for the Latino community. As part of the Biden Administration’s Inflation Reduction Act, insulin costs will be capped at $35 for Medicare users, benefitting 108,164 Californians…