Inflation Reduction Act
WASHINGTON — John Podesta, whose crowded resume includes such entries as advisor to presidents and founder of the Center for American Progress, the left-leaning think tank, will succeed former Sen. John Kerry, D-Mass., as the nation’s climate envoy. President Joe... Read More
WASHINGTON — A clean energy program created under the auspices of the Inflation Reduction Act has proven to be incredibly popular with the low-income communities it was designed to serve, according to the federal departments administering it. All told, the... Read More
WASHINGTON — President Biden is traveling to Minnesota on Wednesday, where he will announce more than $5 billion in funding for agriculture and other pressing needs while also kickstarting his outreach to rural America ahead of the 2024 election. Biden,... Read More
WASHINGTON — The White House minced no words on Monday in describing how it “strongly opposes” a proposed 2024 spending plan for the Defense Department that would gut the Inflation Reduction Act and other administration programs. The bill, H.R. 4365, also... Read More
WASHINGTON — Nearly a year after being signed into law by President Joe Biden, the Inflation Reduction Act has undeniably provided a huge boost to the renewable energy sector, but the speed at which the U.S. actually moves to a... Read More
WEST COLUMBIA, S.C. — President Joe Biden is visiting the midlands region of South Carolina on Thursday to celebrate the growth in manufacturing in the state since the passage of the Inflation Reduction Act. After arriving at the metropolitan airport... Read More
WASHINGTON — A new venture backed by Vikram Solar Ltd., one of the largest solar module manufacturers in India, is set to invest up to $1.5 billion in new manufacturing facilities in Colorado and an as-yet undisclosed state in the... Read More
WASHINGTON — A hard fought legal challenge to a 2021 oil and gas lease sale in the Gulf of Mexico was rendered moot by the passage of the Inflation Reduction Act last year, the U.S. Circuit Court for the District... Read More
WASHINGTON — When the Inflation Reduction Act became law last year, it empowered the Health and Human Services secretary, for the first time ever, to begin negotiating certain prescription drug prices with drug manufacturers. The prices would go into effect... Read More
WASHINGTON — About $20 million in Inflation Reduction Act funding is headed to Maine where it will support the development of two large-scale solar energy projects. Both projects are being undertaken in the state’s 1st Congressional District, in southeastern coastal... Read More
WASHINGTON — Pomp and military flare were on vivid display on the South Lawn of the White House early Thursday morning as President Joe Biden formally welcomed his French counterpart, President Emmanuel Macron, to the executive mansion. Though the two... Read More
ATLANTA — A clean-tech startup headquartered in Norway announced Friday that it has selected Coweta County, Georgia, just southwest of Atlanta, to be the site of its new electric vehicle battery factory. FREYR Battery said it plans to invest about... Read More
WASHINGTON — President Joe Biden, sans jacket but with his ever-present aviator sunglasses in place, was in full-on campaign mode as he welcomed thousands to the South Lawn of the White House Tuesday to celebrate last month’s passage of the... Read More
WASHINGTON — From Capitol Hill to the National Harbor in Maryland, momentum appeared to be building Friday against permitting reform legislation supported by Sen. Joe Manchin, D-W.Va., being included in a bill funding the government. A vote on the bill,... Read More
WASHINGTON — With Labor Day weekend now in the rearview mirror, Congress began to reconvene on Capitol Hill on Tuesday with much to do and little time to do it before the midterm elections are in full swing. The Senate... Read More
WASHINGTON — The Inflation Reduction Act signed into law by President Joe Biden last week is expected to have a transformative effect on the nation’s hydropower industry, dramatically accelerating the development of new pumped storage hydropower projects and hydropower generation... Read More
WASHINGTON — When President Joe Biden signed the Inflation Reduction Act into law on Tuesday, business leaders throughout the renewable energy sector cheered the finalization of the nation’s largest ever investment in climate and the clean energy solutions of the... Read More
WASHINGTON — Looking fresh and relaxed from a week vacationing in Kiawah Island, South Carolina, President Joe Biden returned to the White House this afternoon to sign the so-called Inflation Reduction Act and deliver on what he’s called the “final... Read More
WASHINGTON — A key compromise to ensure the passage of the Inflation Reduction Act could result in substantially less savings than was promised and may well wind up being nothing more than a “budget gimmick” in the hands of future... Read More
WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill... Read More
WASHINGTON — The Senate passed the roughly $740 billion tax, climate and health care package known as the Inflation Reduction Act on Aug. 7, by a vote of 51-50. The massive package includes provisions to reduce drug costs for patients... Read More
WASHINGTON — “It wasn’t on the scoreboard one month ago,” Sen. Edward Markey, D-Mass., marveled when talking to reporters over the weekend, but in just a matter of days a budget reconciliation bill long presumed dead was suddenly a “historic”... Read More
WASHINGTON — A proposed $35 monthly cap on the price of insulin failed to win approval in the huge economic tax and spending package the Senate passed Sunday. Republicans succeeded in removing the cap by inserting an amendment into the... Read More
