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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [265] [266] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [267]
The credit rating agency says that the act would “modestly reduce inflation over the 10-year budget horizon,” with an average “reduction in CPI inflation of 3.3 basis points” per year.
One way the administration did that was through the Inflation Reduction Act (IRA), which was signed into law in 2022. Key provisions of the bill are directly aimed at improving the lives of the ...
The Inflation Reduction Act — which still has plenty of hurdles to overcome before it becomes law — is a far cry from some early Democratic ambitions but nonetheless marks a potentially giant ...
The Inflation Reduction Act is headed to President Biden's desk. The House approved the bill, a pared-back version of the original Build Back Better legislation, Friday afternoon, with all 220 ...
With President Joe Biden signing the Inflation Reduction Act into law on Aug. 16, it marks one of the biggest spending packages in American history at $750 billion, per CNN. In total, $430 billion...
Biden says ‘Inflation Reduction Act’ is a misnomer as legislation provides alternatives that generate economic growth WASHINGTON (AP) — Even The post Yes, inflation is down. No, the ...
Over the weekend, Senate Democrats passed the Inflation Reduction Act of 2022, legislation that would fulfill some of President Biden’s campaign promises on climate and prescription drugs ...