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US Economy

Inflation Act Fuels Conservation Through Sustainable Farming in PA

TL/DR - Josh Daniels, a farmer from Pennsylvania, received funding from the USDA's Inflation Reduction Act for climate-smart agriculture and forestry mitigation activities. He used the funding to establish field borders to prevent runoff, create habitats for pollinators, and maintain wildlife cover. Through his partnership with the Natural…

Inflation rebates to cut down Medicare cost for 41 Part B drugs

TL/DR - Medicare will reduce the coinsurance amount for 41 Part B prescription drugs from 20% to between 3.8% and 19.9% from April to June, under the Inflation Reduction Act. This change is due to the requirement of the IRA that drug companies must pay rebates to Medicare when the prices for certain prescription drugs increase faster than…

Ohio Local 1943 Aids Cleveland-Cliffs’ Green Transition with Federal Funding

TL/DR - Cleveland-Cliffs in Middletown, Ohio, has been granted up to $500 million in federal funding from the Bipartisan Infrastructure Law and Inflation Reduction Act for environmental improvements. The funding will be used to retire a blast furnace and replace it with two electric ones, which will reduce the carbon intensity of ironmaking by…

$6B invested by Energy Dept to cut industrial emissions

TL/DR - The US Department of Energy (DOE) plans to invest up to $6 billion to lower emissions from industrial manufacturing. The funds will be allocated to 33 projects across over 20 states and are expected to decrease carbon emissions by an average of 77%. The projects, which include sectors such as metal, cement, and chemicals, will focus on…