US Economy

TL/DR - The Inflation Reduction Act (IRA) introduced in the US is unlikely to prevent companies from expanding abroad because businesses flourish through competition and not regulation or subsidies, says the chairman of Chinese battery maker Gotion High Tech. Even as the IRA, an anti-inflation measure that offers tax benefits based on…

TL/DR - The interest rates on ten-year US Treasuries have reached nearly 5%, more than triple the levels from two years ago, making bond yields attractive once more. Despite a difficult few years for investors in US Treasury bonds, the "smart money" is now returning, with the expectation that interest rates will fall and bond prices will recover…

TL/DR - The Center for American Progress (CAP) was founded by John Podesta during the Iraq War and Bush administration. In its early years, it took significant steps in opposing the Iraq War and supporting marriage equality, later playing a crucial role in the passing of the Affordable Care Act and Inflation Reduction Act. Looking forward, CAP…

TL/DR - US Senator Bob Casey has reaffirmed his commitment to investing in Southwestern Pennsylvania’s river communities and economy, and to promoting their long-term success. Senator Casey voted for the Infrastructure Investment and Jobs Act, which allocated $857 million to replace the Montgomery Locks and Dam in Beaver County, and successfully…