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US Economy

Biden Accurate on $35 Insulin Cap, Overstates Previous Medicare Costs

TL/DR - The cost of insulin for Medicare beneficiaries in the United States has been significantly reduced to an average of $35 per month, according to President Joe Biden. This reduction is due to recent changes by the federal government and drug manufacturers, as well as the Inflation Reduction Act that Biden signed in 2022, which capped…

New Guidance Boosts Offshore Wind, Challenges Remain: Locke Lord LLP

TL/DR - The IRS issued additional guidance on the Inflation Reduction Act's energy communities provision on March 22, 2024. The guidance expands the criteria for offshore wind projects to qualify for the Energy Communities (EC) bonus credit. The new rules extend the bonus credit's applicability to include ports used for the installation,…

USDA allocates $1.5B for climate-friendly farming, conservation

TL/DR - The US Department of Agriculture (USDA) has earmarked $1.5 billion in 2024 to put towards the Regional Conservation Partnership Program (RCPP), with the aim of assisting farmers, ranchers, and forest landowners adopt and increase conservation efforts and strategies to combat the climate crisis. Announced by Agriculture Secretary Tom…

Mecklenburg Commissioners to Decide on Inflation Reduction Act

TL/DR - The Mecklenburg County commissioners are set to vote on the Inflation Reduction Act. The article does not provide specific details about the proposed Act. The news is reported by WSOC Charlotte. Mecklenburg County Commissioners' Voting on Inflation Reduction Act Mecklenburg County commissioners are set to take a significant vote on…