US eases EV battery rules, may expand tax credit eligibility

TL/DR - The U.S. government has made changes to rules concerning electric vehicle (EV) tax credits, potentially making more EVs eligible for credits up to $7,500. The Treasury Department has finalized regulations for these credits under the 2022 Inflation Reduction Act, which give automakers more time to comply with provisions regarding where…

Rishi Moudgil Takes Helm as Michigan Founders Fund’s New Director

TL/DR - Rishi Moudgil has been named the next executive director of the Ann Arbor-based Michigan Founders Fund (MFF), bringing with him a wealth of experience in social impact and entrepreneurial roles. Moudgil previously served as the founding executive director of Greenlight Fund Detroit and launched both tech and community-based ventures in…

Democrats urge Biden for executive action on border security

TL/DR - Fifteen House Democrats have urged President Biden to use his executive powers to secure the U.S. border amid a partisan stalemate in Congress. In their letter, the Democrats, many of whom face competitive re-election contests, stated that the situation remains untenable and, with Republicans blocking a bipartisan border bill earlier in…