US Economy

TL/DR - US Senator Bob Casey has urged the Biden administration to correct a guidance in the Inflation Reduction Act (IRA) that would undermine American manufacturers and workers. The guidance currently allows foreign steel in solar electricity generation projects to qualify for a 10% tax credit, which is inconsistent with the intent of the act…

TL/DR - President Biden announced over $5 billion in new investments as part of his Investing in America agenda, to support economic development and sustainability in rural America, and to help farmers adopt new climate-smart agricultural practices. The investment includes $1.7 billion for climate-smart agriculture, $1.1 billion for rural…

TL/DR - The U.S. healthcare legislation has been crucially affected by the removal of Kevin McCarthy as the Speaker of the House; however, progress around digital therapeutics, access to care, and health care disparities is still important. The federal legislative and regulatory updates include the Access to Prescribing Digital Therapeutics Act,…

TL/DR - The US economy continues to outperform its global counterparts, according to data from the International Monetary Fund (IMF) and other sources analysed by the US Department of Treasury. The analysis showed the US's economic output, labour market resilience, and slowing inflation were growing stronger than anticipated throughout 2023. The…