AP Photo/Evan Vucci

Kerry admits IRA has nothing to do with inflation

U.S. special presidential climate envoy John Kerry praised the Inflation Reduction Act, calling it an “amazing” bill due to its climate-related impact while acknowledging that it does not seem to do much for inflation. Speaking at the International Energy Agency’s Global Clean Energy Action Forum, Kerry called the bill “a completely misnamed piece of legislation,” […]

Colorado Gazette

Biden parties at White House while Dow crashes

President Joe Biden’s foes are lambasting him online for celebrating legislation geared toward the fight against rising consumer costs the same day new figures show inflation remains stubbornly high. Appearing with congressional allies and iconic singer-songwriter James Taylor, Biden held a White House event Tuesday to celebrate the Inflation Reduction Act. The bill is the […]

Drew Angerer | Getty Images

The Inflation Reduction Act doesn’t live up to the hype

The Democrats are celebrating the passage of the Inflation Reduction Act over unified Republican opposition, claiming that the legislation is a historic breakthrough. Sadly, it’s not. Though the new legislation takes some steps in the right direction on climate and drug prices, it falls far short of what is needed. The Democrats, with control over […]

David Zalubowski

Will the Inflation reduction act have any impact on Inflation?

With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden’s landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households? Economic analyses of the proposal suggest that the answer […]