Like most major U.S. legislation, the Inflation Reduction Act is drawing mixed reviews one year after it was passed
U.S. President Joe Biden on Wednesday marks the first anniversary of signing his signature clean energy legislation called the Inflation Reduction Act by leading a campaign to better explain to Americans what, exactly, it does.
Biden is seeking a second term in office in the November 2024 election in what is expected to be a rematch against former President Donald Trump, front-runner for the Republican nomination. In a report on Tuesday, Moody’s said the legislation is likely supporting growth in gross domestic product, productivity and innovation.
That has upended financial projections, with some analysts at Goldman Sachs, Credit Suisse and University of Pennsylvania’s Wharton Business School predicting budget deficits in the range of $700-billion to $1.1-trillion over 10 years.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CTV National News: One-on-one with SmithAlberta Premier Danielle Smith won’t say if there’s a connection between wildfires and climate change. Omar Sachedina reports.
Read more »
CTV National News: One-on-one with SmithAlberta Premier Danielle Smith won’t say if there’s a connection between wildfires and climate change. Omar Sachedina reports.
Read more »
The war on inflation isn't over yet, despite what some people thinkBetting one’s portfolio on an outright win over rising prices in the near term could be dangerous, says Martin Pelletier. Read on.
Read more »
The war on inflation isn't over yet, despite what some people thinkBetting one’s portfolio on an outright win over rising prices in the near term could be dangerous, says Martin Pelletier. Read on.
Read more »
Inflation likely rose again in July, signalling new phase in Bank of Canada's fightEconomists expect the consumer price index to show inflation rose in July, signalling a reversal in progress after steady declines. Read on.
Read more »
ANALYSIS | Conflicting economic signals as Canada awaits inflation and home sales data | CBC NewsNew inflation and house price data out this week could be a crucial sign of whether the Bank of Canada will give borrowers a break from constantly rising interest rates. But they could also signal troubling economic weakness as the world puts on the brakes.
Read more »