Treasury chief Yellen to tout surge in domestic manufacturing
U.S. Treasury Secretary Janet Yellen on Monday is set to talk up gains for domestic manufacturing, as she and other Biden administration officials hold events to mark the one-year anniversary of the Inflation Reduction Act.
“Since January 2021, companies have committed over $500 billion in manufacturing and clean energy investments,” she will add. “The explosion in U.S. factory construction is a uniquely American story: one that we do not see replicated in other peer countries.” From MarketWatch’s archives : Biden has signed the Inflation Reduction Act. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
Republicans have been criticizing Biden’s economic policies ahead as their campaigns for the 2024 presidential election ramp up. Republican National Committee Chair Ronna McDaniel said in a statement last week that families “across the country are struggling to keep up with sky high costs and falling real wages, yet Biden continues to lie and gaslight about the state of his economy. Republicans will continue to provide a clear choice to voters next fall: commonsense over crazy.
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Inflation down, but Inflation Reduction Act doesn’t deserve creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it's increasingly clear that immediately curbing prices wasn't the point.
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Inflation is down, but the Inflation Reduction Act doesn't deserve creditWhile price increases have cooled over the past year — the inflation rate has dropped from 9% to 3.2% — most economists say little to none of the drop came from the law.
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Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act. As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point.
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Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn&8…
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Yellen warns of risks of over-concentration of clean energy supply chainsThe United States is working to build resilient, diversified clean energy supply chains to protect its economic security, while guarding against the risks posed by over-concentration in a handful of countries, U.S. Treasury Secretary Janet Yellen said in remarks prepared for an event in Las Vegas on Monday.
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Wegovy patients saw 20% reduction in cardiovascular risks, drugmaker saysWegovy, one of a new class of drugs used for weight loss, reduced the risk of heart attacks in overweight adults in a large trial, according to its manufacturer.
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