Inflation Reduction Act

Biden’s approval rating on the economy stagnates despite slowing inflation, AP-NORC poll finds

By Josh Boak, Emily Swanson, Associated Press

Only 36 percent of U.S. adults approve of Biden's handling of the economy, slightly lower than the 42 percent who approve of his overall performance.

WATCH: Homeland Security announces new Inflation Reduction Act investment

By News Desk

The IRA, President Joe Biden's climate, health and tax package, turned a year old on Wednesday.

News Wrap: Russian drone strikes damage port infrastructure along Danube in Ukraine

In our news wrap Wednesday, Ukraine resumed operations at ports along the Danube River after a night of Russian drone strikes, 55 people were killed in Libya during intense militia clashes, an explosion in the Dominican Republic claimed the lives…

Continue watching

Inflation is down, but the Inflation Reduction Act likely doesn’t deserve the credit

By Josh Boak, Paul Wiseman, Associated Press

Price increases have indeed cooled over the past year, with the inflation rate dropping from 9 percent to 3.2 percent. But economists say little to none of the drop came from the law.

WATCH: Biden celebrates 1-year anniversary of the Inflation Reduction Act

By Seung Min Kim, Associated Press

Biden proclaimed his administration is “turning things around” for Americans when it comes to the economy, with his signature climate, health care and tax package giving people “more breathing room” on prices and investing anew in clean energy jobs.

Biden takes economic message on the road amid questions about his re-election campaign

By Laura Barrón-López, Tess Conciatori

The Biden administration is barnstorming the country this week to mark the one-year anniversary of their landmark Inflation Reduction Act. Recent indicators of a growing economy are key to President Biden's message as he heads into the 2024 election. Laura…

Continue watching

WATCH: Biden touts economic policies in trip to battleground Wisconsin

By Fatima Hussein, Associated Press

On the heels of a fourth indictment for Trump, Biden focused on manufacturing jobs in a speech at a Wisconsin factory — putting his ideas for growth up against his Republican rivals in a bid to win over voters in a key…

‘Bidenomics’ delivers once-in-a-generation investment, but with political risks

By Lisa Mascaro, Associated Press

Democrats see the trio of bills — two of which also drew bipartisan support from Republicans — as their calling card to voters ahead of the 2024 election, the tangible results of Biden’s vision and tenure in the White House.

New rules for oil and gas leasing raise rates energy companies must pay to drill on public lands

By Matthew Daly, Associated Press

The Biden administration is proposing new rules for the nation's oil and gas leasing program to raise costs for energy companies to drill on public lands and strengthen requirements to clean up old wells where drilling is completed or abandoned.

House Republicans pass energy bill to roll back regulation of fossil fuel production

By Matthew Daly, Associated Press

The legislation would sharply increase domestic production of oil, natural gas and coal, and ease permitting restrictions that delay pipelines, refineries and other projects.