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US Economy

NYSERDA Proposes More Solar Capacity, Reviews Inflation Act Impact

TL/DR - The New York State Energy Research and Development Authority (NYSERDA) filed a report on the impacts of the federal Inflation Reduction Act on the state’s solar program, NY-Sun. NYSERDA proposed using previous funding to support the generation of an additional 557 MW to 1,254 MW of solar capacity under six different scenarios. Despite…

Philly Needs Federal Funds to Become Largest US City

TL/DR - The article discusses the need for federal funding to help Philadelphia become the largest green city in the U.S. The author argues that such an initiative will help the city combat climate change while also addressing issues of inequality and improving public health. They further suggest that investments in green infrastructure, clean…

2nd Anniversary of Order Enhancing Experiences for Farmers – Pt. 3

TL/DR - The USDA has been working to expand equitable access to its programs and services following President Joe Biden’s December 2021 Executive Order on improving customer experience. This includes implementing a streamlined process for direct loans via the Farm Service Agency, which involves a new online Loan Assistance Tool and application.…

Q1 fiscal year sees US deficit exceed $500 billion

TL/DR - The U.S. government's budget deficit for Q1 of its fiscal 2024 year hit nearly $510 billion, according to a report by the Treasury Department. The increased deficit has pushed the total government debt past $34 trillion for the first time. Despite the Biden administration's assurances that the Inflation Reduction Act would reduce the…