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.
The Biden administration has paired up with Big Business to promote its latest social spending bill. The President said a Democrat-backed spending binge will combat inflation, but hundreds of economists disagree.