US Economy

TL/DR - President Joe Biden's 2025 fiscal year budget proposal requests strengthening and protecting Medicare and Social Security. The budget proposal amounts to $7.3 trillion and covers a wide range of sectors, including healthcare, child care, and education. The proposed budget plans to extend the solvency of Social Security without cutting…

TL/DR - The BIG WIRES Act, proposed in the U.S., would require each region of the country to increase the amount of electricity it exchanges with neighboring regions. According to researchers from MIT, the Act would not entail any costs for the federal government or taxpayers as utilities and transmission developers would fund the upgrades, and…

TL/DR - Electric vehicle (EV) sales are rapidly increasing in the US, with the recently passed Inflation Reduction Act expected to further boost sales through consumer subsidies. In August, 70,871 electric vehicles were sold in the US, a 43% increase from August 2021, and electric vehicles accounted for 6.28% of total light-duty vehicle sales.…

TL/DR - U.S. solar manufacturers and training organizations, including community colleges and unions, are set to propose plans for training current and new employees in the solar energy sector. The project, which could involve pre-certification programs, specialized equipment training, or recruitment efforts, is part of a first-of-its-kind…