Economy News

Greenhouse Gas Reduction Investment Boosts Main Streets – Forbes

Article Summary – The article discusses the benefits of investing in greenhouse gas reduction, particularly on main streets. Investments in these areas not only promote climate-friendly transformations but also provide job opportunities, boost local economies, and improve public health. Furthermore, it suggests that such investments should be expanded beyond wealthier

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Sherrod Brown Diverges from Biden on China, Says Punchbowl

Article Summary – U.S. Senator Sherrod Brown has been leading efforts to push the Biden administration to stand against China’s trade cheating, and to prevent Chinese companies from receiving American taxpayer money. Brown has criticized the administration over clean energy tax credit rules and new tariffs, arguing that these measures

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NRCS Texas Opens 2nd FY24 Conservation Program Sign-up

Article Summary – The U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) in Texas has opened a second sign-up for the Conservation Stewardship Program (CSP) for fiscal year 2024, accepting applications until June 21, 2024. The program aims to assist farmers, ranchers, and forest landowners in enhancing their

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Medicare Vaccine Uptake Rises, Act’s Role Still Unclear to Many

Article Summary – The U.S. Department of Health and Human Services Office of the Assistant Secretary for Planning and Evaluation (ASPE) reports that provisions of the Inflation Reduction Act (IRA) have increased the uptake of Part D-covered vaccines and saved beneficiaries over $400 million in 2023. An increase of 42%

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Poll: Older PA Voters Prioritize Safety Net Programs

Article Summary – AARP’s April 2024 Pennsylvania voter survey of people aged 50 and over found that their main voting issue is personal economic issues, most notably Social Security and Medicare. The stance on these issues separates Democratic Sen. Bob Casey and his Republican opponent, Dave McCormick, with Casey having

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Poll: Voters More Conscious of Drug Pricing in Inflation Act

Article Summary – President Biden’s messaging about lowering prescription drug costs through the Inflation Reduction Act is reaching more people, although most voters are still unaware of key provisions, according to a KFF poll. Awareness is highest among voters aged 65 and above, with 52% aware of the law’s $35

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April sees grocery cost drop amid cooling inflation

Article Summary – The U.S. saw a slowdown in the rate of price increases in April, with decreases noted in areas such as groceries, utilities, airline fares, and used vehicles, according to a consumer price index report from the Bureau of Labor Statistics. Prices rose by 0.3% in April, a

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Trump pledges further tax cuts for wealthy and corporations

Article Summary – Former President Donald Trump has proposed to make expiring provisions of his 2017 tax law permanent and introduce major new tax cuts for the wealthiest individuals and corporations. However, his previous tax cuts have resulted in increased national debt without fulfilling pledges to cut tax rates for

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Biden hikes tariffs on Chinese goods to safeguard US economy

Article Summary – US President Joe Biden has raised tariffs on some imported goods from China, including steel, aluminium, semiconductors, and various other products. The move is aimed at curbing China’s unfair trade practices which Biden says have pushed other manufacturers out of business and caused job losses in the

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US hikes tariffs to 25% on Chinese batteries

Article Summary – The White House is increasing tariffs on several imports from China, including battery parts, natural graphite, permanent magnets, and certain critical minerals, in an attempt to protect American workers and businesses from China’s “unfair trade practices”. This includes increasing solar cell tariffs from 25% to 50%, EVs

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