Economy

TL/DR - US Energy Secretary Jennifer Granholm emphasized the need for a national industrial strategy during a visit to Northern Nevada. She spoke about the Biden Administration's strategy to subsidize and incentivize new US manufacturing, which would stimulate economic activity and secure domestic supply lines. The strategy is centered on clean…

TL/DR - US Sen. Joe Manchin has urged West Virginia manufacturers to apply for the second round of Inflation Reduction Act’s 48C Qualifying Advanced Energy Project Credit program funding. The second round will make up to $6 billion available, with at least $2.5 billion reserved for projects in coal communities. The 48C portal for submitting…

TL/DR - The Canton North Carolina Aldermen have discussed long-term plans for their wastewater treatment plant, which is oversized for the town's needs. The plant's current capacity is 2.5 million gallons per day, but the town's average use is only 1 million gallons per day. This oversizing is leading to high costs for the town, including a $9…

TL/DR - The Internal Revenue Service (IRS) is set to collect hundreds of billions of dollars of additional tax revenue from the outstanding and overdue taxes of the ultra-wealthy, funded by President Biden's Inflation Reduction Act. The Treasury Department and the IRS estimate that tax revenues will rise by up to $561 billion from 2024 to 2034…