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US Economy
UK Favors Gradual Approach in Global Green Subsidies Race
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The UK's Finance Minister, Jeremy Hunt, has said that Britain will not be able to offer subsidies similar in scale to the US's Inflation Reduction Act, which provides $369 billion for green investment. The UK will use a case-by-case approach for subsidies, a move criticised by some economists for lacking predictability and risking…
IRA’s influence in 7 swing states
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The Inflation Reduction Act, with its nearly $370 billion allocation for climate and clean energy, is…
New Federal Laws Address Digital Therapeutics, Care Access
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The U.S. healthcare legislation has been crucially affected by the removal of Kevin McCarthy as the Speaker…
Summary of CEQ’s Environmental Permitting Tech & Data Summit
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The first-ever Environmental Permitting Technology and Data Summit was held recently to discuss the use of software and other tools in enhancing the efficiency of environmental reviews. The summit, convened by the White House Council on Environmental Quality, the White House Office of Management and Budget, and the Federal Permitting…
Biden-Harris Admin Aims for Affordable Housing via Commercial Conversions
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The Biden-Harris Administration is taking new steps to convert high-vacancy commercial buildings to…
U.S. Economy Leads in Growth and Labor Strength, Says Treasury Analysis
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The US economy continues to outperform its global counterparts, according to data from the International…
Fears rise that Inflation Act funds may not reach intended communities
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Billions of dollars are available in tax credits and federal grants under the Biden Administration’s Inflation Reduction Act, which could help Louisiana community-led organizations and environmental groups reduce electricity bills, fortify homes against natural disasters, and reduce pollution in underserved areas. Concerns have been raised…
Urban tree plans are crucial, says White House adviser
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The city of Charlotte will receive two grants totaling $1.1 million to preserve its tree canopy,…
IRS crackdown on wealthy nets millions in back taxes
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The IRS has announced that it has collected $122 million in back taxes from 100 cases involving…
‘Sessions and McClain to Debate Democrats’ IRS Expansion Impact’
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The Subcommittees on Government Operations and the Federal Workforce, and Health Care and Financial Services, are holding a joint hearing titled “Oversight of the Internal Revenue Service.” The focus will be on how IRS plans to utilize increased funding from the Inflation Reduction Act, and to discuss IRS policies on enforcement, customer…