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US Economy

Thompson Secures $600M+ for California’s Climate Resilience Boost

Biden and Newsom Announce $600 Million for Climate Resilience Projects in California Rep. Mike Thompson (CA-04) expressed his support for the recent announcement made by President Joe Biden and California Governor Gavin Newsom. The leaders confirmed that more than $600 million from the Inflation Reduction Act and Bipartisan Infrastructure Law…

BYD Claims Act Blocks Affordable EVs – Is it Logical?

BYD's Stance on the US EV Market Chinese electric vehicle (EV) giant BYD believes that the USA's Inflation Reduction Act of 2022 is preventing the sale of cheap electric cars in the United States. BYD's Stella Li claims that the US isn’t “under our current consideration” due to the Act, although it is worth noting that this didn't prevent BYD from…

Biden Averts U.S. Default: Debt Ceiling Bill Signed & Sealed

President Biden Raises Debt Ceiling to Avoid Default President Joe Biden signed a bill on June 3rd, just two days before the deadline, which lifts the nation's debt ceiling and prevents an unprecedented default on the federal government's debt. Following weeks of intense negotiations, the agreement suspends the debt limit until 2025 and restricts…

Unveiling Permitting Reform: The Hidden Energy Solution in Debt Talks

Understanding Energy Permitting Reform and its Role in the Debt Ceiling Deal Energy permitting reform, which aims to cut down the time it takes for new projects to get approved, could be one of the few bipartisan measures to emerge from a debt limit deal. Or it could be left on the cutting room floor. Here's what you need to know. What is energy…