Biden signs $740B Inflation Reduction Act into law
President Joe Biden poured $740 billion on top of red hot inflation with the stroke of a pen. On Tuesday, he was met with cheers as as he signed the so-called Inflation Reduction Act into law.
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President Joe Biden poured $740 billion on top of red hot inflation with the stroke of a pen. On Tuesday, he was met with cheers as as he signed the so-called Inflation Reduction Act into law.
The White House has continued its climate crusade by pumping millions into grant programs. While speaking at Florida International University in Miami on Monday, Vice President Kamala Harris pledged grants worth $1 billion to go towards addressing extreme weather events that she attributes are due to climate change. The Biden administration will be dispersing these funds to 343 towns and cities nationwide. The funds are intended to address a variety of natural disasters and may be used at the discretion of local jurisdictions.
President Joe Biden claims the latest proposed reconciliation package will bring down rampant inflation. During a press conference at the White House Thursday, he asserted the bill will lower the cost of living for Americans and even cut the federal deficit.
Six congressional staffers were arrested after protesting in Senate Majority Leader Chuck Schumer’s (D-N.Y.) office. On Monday, the progressive staffers confronted the lawmaker to restart so-called green energy negotiations with =Sen. Joe Manchin (D-W.Va.)