Browsing Category
Economic News
In-depth coverage of the most significant financial events affecting you, your family, and your businesses.
Kamala Harris Faces Criticism for Saying Inflation Reduction Act Puts ‘Trillions of…
TL/DR -
Vice President Kamala Harris faced criticism for her statement that the Inflation Reduction Act would distribute "trillions of dollars" on American streets, which some saw as a possible reference to the potential negative impact…
Xinhua News: China’s Car Industry Strongly Opposes Certain Provisions of the US Inflation…
TL/DR -
The article from Xinhua News presents China's firm opposition to measures under the U.S. Inflation Reduction Act that impact its automobile industry. No specific details on the act or China's objections are provided in the…
Xinhua News Reports: Chinese Car Industry Strongly Resists Measures Under US Inflation Reduction Act
TL/DR -
China's automobile industry strongly opposes measures under the U.S. Inflation Reduction Act. The industry sees the act as a way for the U.S. to restrict foreign competitiveness and protect its domestic market. The article did not…
CGTN: Chinese Automobile Industry Takes a Stand against Measures in the U.S. Inflation Reduction Act
TL/DR -
The China Association of Automobile Manufacturers (CAAM) has expressed its resistance to the U.S. Inflation Reduction Act. The act proposes to impose duties on Chinese auto parts, which the CAAM argues would disrupt the global…
SHINE News: Chinese Car Industry Strongly Resists Pertinent Provisions in US Inflation Reduction Act
TL/DR -
The China Association of Automobile Manufacturers (CAAM) has publicly opposed measures under the US Inflation Reduction Act. They argue that the Act, which targets Chinese exports including automobiles and auto parts,…
Review of the 2025 Act for Reducing Inflation and Redesigning Medicare Part D
TL/DR -
The Inflation Reduction Act of 2022 (IRA) established several key changes to the Medicare Part D plan, which will go into effect in 2025. These changes include eliminating the coverage gap, adjusting the share of Medicare Part D…
Let’s Realistically Consider the Boundaries of Biden’s Economic Policies
TL/DR -
"Bidenomics," or the economic policy of President Joe Biden's administration, has been marked by generous social welfare initiatives, large federal investments in infrastructure and manufacturing, and a stance against big…
IRS Collects Over $1 Billion in Overdue Taxes from Millionaires, Continues Compliance Measures
TL/DR -
The Internal Revenue Service has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes as part of the Inflation Reduction Act. This is due to increased efforts on individuals whose incomes…
Chile’s Access to Lithium Benefits the US Inflation Reduction Act
TL/DR -
Chilean lithium, which is central to the production of electric vehicle batteries, is now eligible for benefits under the US Inflation Reduction Act (IRA). The credits from the IRA could exceed the base amount of clean energy…
The Project Solarize the Triad Strives to Increase Solar Energy Knowledge and Reduce Costs
TL/DR -
A new private-public coalition called Solarize the Triad aims to expand solar energy usage in the region through community outreach and group purchasing of materials and services. The Inflation Reduction Act of 2022 allows local…