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Economic News
In-depth coverage of the most significant financial events affecting you, your family, and your businesses.
Tariffs are Necessary to Safeguard ‘Stimulus’ from ‘Inflation Reduction Act’
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US Treasury Secretary Janet Yellen spoke in an interview on Bloomberg about President Biden's upcoming announcement regarding increased tariffs on China. The decision is motivated by the administration's desire to protect American…
Appalachian Voices: West Virginia Companies Implementing Federal Manufacturing and Clean Energy…
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In December 2023, four West Virginia school districts introduced new all-electric school buses. These buses, manufactured by Green-Power Motors in South Charleston, are part of a move towards more sustainable transportation. The…
Inflation Reduction Act’s Health Care Savings Emphasized during HHS Secretary’s Visit to…
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U.S. Secretary of Health and Human Services Xavier Becerra visited LCH Health and Community Services in Kennett Square to discuss the impacts of the 2022 Inflation Reduction Act on healthcare. The Act has provisions to lower…
How did the ‘Buy Clean’ Concept Transform into ‘Buy Dirty’?
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The Inflation Reduction Act (IRA) allocated over $4 billion to the General Services Administration (GSA) and Federal Highways Administration (FHWA) for “Buy Clean” programs, requiring purchases to have “substantially lower”…
John Joyce and Wiley Nickel Aim to Promote Rare Disease Research by Amending the Inflation Reduction…
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Reps. John Joyce (R-Pa.) and Wiley Nickel (D-N.C.) are pushing for a bill that would modify the Inflation Reduction Act (IRA) to protect research into treatments for rare diseases. The proposed ORPHAN Cures Act would ensure that…
New poll reveals voters’ unfamiliarity with President Joe Biden’s domestic spending…
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A new Politico-Morning Consult poll reveals that many voters are unfamiliar with President Biden’s major domestic spending initiatives. The poll asked about four major policies: the 2021 American Rescue Plan, the 2021 bipartisan…
Act to Reduce Inflation Attracts Four Companies and Creates 850 Jobs in the State
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The Inflation Reduction Act, implemented eighteen months ago, has brought many jobs and companies to West Virginia, including Berkshire Hathaway Energy, Gestamp, Form Energy and Solar Holler. The Act has generated over $1.3…
Over 200 Tribes and Four Territories Develop Climate Action Strategies Backed by President…
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The U.S. Environmental Protection Agency announced that over 200 tribes, along with the territories of American Samoa, the Northern Mariana Islands, Guam, and the U.S. Virgin Islands, have prepared climate action plans with help…
Republicans Propose Legislation that Could Give China the Upper Hand in US EV Market
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Republicans have introduced a bill aiming to eliminate the US EV tax credit included in the Inflation Reduction Act, a move that could hinder progress in US EV manufacturing. The Inflation Reduction Act allotted billions of…
Examining the Environmental and Climate Advantages of the Inflation Reduction Act
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The Inflation Reduction Act, passed by the Biden Administration in 2022, allocated $369 billion for climate investments and clean energy, aiming to bring $3 trillion into renewable energy, create 170,000 jobs, and boost electric…