Updated reconciliation text includes electric vehicle tax credit opposed by Manchin

This post was originally published on this sitePreliminary Senate Finance Committee text for the social spending and climate bill released Monday morning retains a tax credit for union-made electric vehicles, despite objections to the provision by Sen. Joe Manchin (D-W.Va.).The preliminary text…

Biden and Manchin spoke last week as President tries to secure senator’s vote on ‘Build Back Better’ bill

This post was originally published on this sitePresident Joe Biden spoke with Sen. Joe Manchin late last week, according to a source familiar with the conversation, as the President works to secure the West Virginia Democrat’s vote for his expansive economic and climate bill he wants passed by the end of the year.

Elon Musk named Time‘s 2021 Person of the Year

Elon Musk named Time’s 2021 Person of the Year

Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes

This post was originally published on this siteThe Fed has kept its key rate near zero since the COVID-19 pandemic triggered a deep recession in March 2020.     

Harris to announce new private sector investments in Northern Triangle

This post was originally published on this siteVice President Kamala Harris on Monday will announce a new slate of commitments from the private sector to invest in the Northern Triangle, senior White House officials say, marking the administration’s latest attempt to address the root causes of migration from the region by promoting economic opportunity.

Key officials raised alarm about care of migrant children in government custody, new memo reveals

This post was originally published on this siteAs the Biden administration scrambled to deal with thousands of migrant children at the US-Mexico border this spring, officials were raising concerns that they were ditching “even the most basic safety procedures” and setting up facilities “run like disaster camps.”

Economists call on Congress to ‘swiftly’ pass sweeping climate and social policy bill

This post was originally published on this siteOver 50 economists have signed on to a new letter calling on Congress to “swiftly” pass President Biden’s sweeping climate and social policy bill, arguing that it would alleviate some of the pressures of inflation by lowering healthcare and other…

Southern California’s Container-Ship Backlog Moves Further Out to Sea

This post was originally published on this siteThe backup of container ships waiting to enter the nation’s busiest port complex isn’t letting up. But it has moved further from shore.

U.S. Inflation Likely Hit a 39-Year High in November

This post was originally published on this siteEconomists estimate that prices rose at the fastest pace since 1982 as supply constraints drove up costs.

New York City gives noncitizens the right to vote in local elections

New York City gives noncitizens the right to vote in local elections

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