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US Economy
LS Cable Secures $99M Tax Credit Under Section 48C, Inflation Reduction Act
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LS Cable & System has received a $99 million investment tax credit under Section 48C of the Inflation Reduction Act. This action reflects the Biden Administration's commitment to clean energy, as Section 48C provides tax credits for investments in advanced energy manufacturing projects. LS Cable & System is expected to boost the…
LS Cable & System Gets $99M Tax Credit Under Section 48C
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The United States Department of Energy (DOE) has granted LS GreenLink USA, a subsidiary of LS Cable &…
Inflation Reduction Act alters affordable housing scene
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The Inflation Reduction Act is promoting broader participation in affordable housing and a renewed focus…
Concern over climate change rises; doubts persist on Biden’s policy
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A recent survey shows approximately 45% of U.S. adults are becoming more concerned about climate change. However, there is persistent skepticism about President Biden's Inflation Reduction Act and its incentives for clean energy, with only a small proportion of Americans recognizing personal benefits from the policy. Democrats are more…
Doubts Rise over Biden’s Climate Law Amid Growing Eco-Concerns
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A new Associated Press-NORC Center for Public Affairs Research poll shows that 45% of U.S. adults have…
New Poll: Few Believe Biden’s Law Aids Climate Change Fight
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A majority of Americans do not believe that the Inflation Reduction Act (IRA), signed into law by…
$8.8B Historic Home Energy Rebate Program to Cut Utility Bills
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The U.S. Department of Energy has approved New York's application for the Inflation Reduction Act’s Home Energy Rebates, awarding the state $158 million for a rebate program to help families afford energy-efficient appliances. The program, which is part of President Biden's Investing in America agenda, could offer households up to $14,000…
Poll: Climate worries rise, but few believe Biden’s law will help.
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A new poll from the Associated Press-NORC Center for Public Affairs Research shows that 45% of US adults…
Inflation Reduction Act Benefits Few, Reports Say
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Approximately two years after the Inflation Reduction Act, which included measures for clean energy tax…
German Finance Head Advises US on Spending in Washington
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Germany's finance minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing it has not been effective in controlling consumer prices in the US. He made these statements at an event in Washington, referring to domestic critics who urged him to relax restrictions on public…