US Economy

TL/DR - The Inflation Reduction Act, a major climate change law by the Biden administration, has resulted in a boom in US clean energy manufacturing, courtesy of substantial tax credits and incentives. Despite this, the Republican Party has expressed intentions to repeal it, a move that John Ketchum, CEO of NextEra Energy (the largest renewable…

TL/DR - Inflation is largely caused by factors including the Covid-19 pandemic, climate change, and corporate greed. The pandemic disrupted global economies and supply chains while prompting nations to give financial support to citizens and businesses, contributing to inflation. Climate change has increased the cost of various goods, and…

TL/DR - The Maryland Forest Service has initiated a new grant program to distribute $4.8 million from the federal Inflation Reduction Act towards urban and community forestry projects over the next four years. The Community Forestry Catalyst Fund will expand the state's efforts in its 5 Million Trees for Maryland initiative and existing programs…

TL/DR - Sen. Joe Manchin criticized the Biden administration's guidelines on who is eligible for tax credits for electric vehicle chargers, stating it neglects rural America. Manchin accused the administration of manipulating the Inflation Reduction Act to suit its climate goals, contrary to the act's original intent. As an author of the…