Biden claims Inflation Reduction Act is the ‘most significant investment ever’
President Biden is expected to announce $7 billion in grants for residential solar projects during his trip to Prince William Forest … source
Trump torches NY judge after bond reduction: ‘A disgrace to this country’
Former President Donald Trump speaks to press after his $454 million bond was reduced to $175 million. ‘Outnumbered’ … source
Ag Sec’y Vilsack on Inflationary Pressure from ‘Inflation Reduction Act’ Spending: The Law’s ‘Paced’
On Friday’s broadcast of CNBC’s “Squawk Box,” Agriculture Secretary Tom Vilsack said in response to a question about whether Inflation Control Act spending would create inflationary pressures. It’s the pace. All this money did not suddenly appear in the economy. ” Co-host Becky Quick said:[I]In the meantime, there’s a good chance that investments from your […]
Spending in ‘Inflation Reduction Act’ Will Make It Harder to Lower Inflation
On Friday’s CNBC broadcast of “Squawk on the Street,” BlackRock CEO Larry Fink said it will be difficult to achieve 2% inflation, in part because “we have the CHIPS Act, the Infrastructure Act, And we have $1 trillion in fiscal stimulus in the Infrastructure Act.” It’s an IRA. ” “Even if everyone was excited, it […]
California lawmakers vote for $17B deficit reduction plan
The California Legislature passed nearly $17 billion in spending cuts Thursday. Previous efforts pushed by Gov. Gavin Newsom and his Democratic allies have provided small revenue boosts, including $1.5 billion in additional revenue from increased taxes on companies that administer the state’s Medicaid program. . Lawmakers have already rejected attempts to reduce the budget deficit […]
California Dems reach $17.3B deficit reduction agreement
California Democratic leaders announced Thursday that they have reached an agreement on a plan that will reduce the state’s staggering multibillion-dollar funding shortfall by $17.3 billion through a combination of spending cuts, deferrals and postponements. Governor Gavin Newsom has enjoyed an unprecedented budget surplus of more than $100 billion during the coronavirus pandemic. But he […]
EPA issues majority of grants for Greenhouse Gas Reduction Fund
The Environmental Protection Agency is issuing $20 billion in grants under a program reducing greenhouse gas emissions in disadvantaged communities – allocating the majority of funds that were obligated under the Inflation Reduction Act. The announcement will be made Thursday by Vice President Kamala Harris and EPA Administrator Michael Regan in Charlotte, North Carolina, in […]
Judge blocks Biden’s emissions rule forcing states to set greenhouse gas reduction targets
A federal judge on Monday blocked the Biden administration’s new emissions regulations that would require states to set greenhouse gas reduction goals in order to receive federal highway funding. Daily Caller News Foundation report. What is your background? The Biden administration’s Federal Highway Administration made the announcement the day before Thanksgiving. new regulations The state […]
Trump responds to bond reduction
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WeWork targets Chapter 11 exit by May 31, secures $8 billion in rent reduction
WeWork on Tuesday said it aims to emerge from Chapter 11 bankruptcy protection in the U.S. and Canada by May 31, and will receive 80% of its rent commitments from landlords. The company announced that it had negotiated a reduction of more than $100 million. The shared office space provider, once privately valued at $47 […]