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Biden administration

Biden administration tries again to relieve student debt

by Savannah Peters
Aug 1, 2024
It's trying a different route to loan forgiveness, but it is unclear how successful the plan will be.
President Joe Biden's administration is eyeing statutory rules changes to waive accrued interest in its latest attempt at debt relief. Above, Biden in April.
Andrew Caballero-Reynolds/AFP via Getty Images
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The CHIPS Act and Inflation Reduction Act — 2 years on

by David Brancaccio and Alex Schroeder
Aug 1, 2024
Heather Boushey, a member of the White House's Council of Economic Advisers, on the results of the legislation so far.
"We've now seen announcements of $900 billion of private sector investment all across the country," said Heather Boushey, a member of the White House's Council of Economic Advisers.
Kevin Dietsch/Getty Images
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Election 2024

Biden White House has a lot on its economic plate before term ends

by David Brancaccio and Ariana Rosas
Jul 26, 2024
Lindsay Owens of the Groundwork Collaborative points to relief from junk fees and medical debt as well as policy fights around taxes.
President Joe Biden speaking in Chicago about his "Bidenomics" economic agenda.
Andrew Caballero-Reynolds/AFP via Getty Images
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Business reactions to Biden Administration tariffs vary widely

by Sabri Ben-Achour
Jun 26, 2024
Some businesses say the new tariffs will put them on a level playing field with Chinese exporters. Others see little advantage.
Biden is keeping many Trump-era tariffs and introducing new ones, including lithium ion batteries, electric vehicles and feeding tube parts. 
Spencer Platt/Getty Images
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How tariffs compare in the Biden and Trump eras

by Justin Ho
May 14, 2024
Both used tariffs to support American jobs and industries. But the Biden administration's have been higher and more targeted.
President Biden announced increased tariffs on Chinese products Tuesday. The current administration's levies are higher and more targeted than those under Donald Trump.
Win McNamee/Getty Images
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How new China tariffs could affect prices for U.S. business owners, consumers

by Samantha Fields
May 14, 2024
When tariffs increase, costs often go up for business owners, who often then pass some of those increased costs along to consumers.
The Biden administration worries that importing Chinese EVs will hurt U.S. manufacturers, said Howard Gleckman with the Urban-Brookings Tax Policy Center.
Mandel Ngan/AFP via Getty Images
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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

by Kai Ryssdal and Sean McHenry
May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
Saul Loeb/AFP via Getty Images
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A Warmer World

Sustainable jet fuel costs twice as much as fossil fuel. New federal subsidies aim to close that gap.

by Caleigh Wells
May 2, 2024
The Biden administration wants increase the use of sustainable aviation fuel around 180 fold by 2030.
Right now, the aviation industry uses about 16 million gallons of sustainable aviation fuel each year. The Biden administration is hoping to hit 3 billion gallons by 2030.
Justin Sullivan/Getty Images
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Biden administration will award $7 billion in solar energy grants for homes

by Stephanie Hughes
Apr 22, 2024
The funds will help 900,000 low-income and disadvantaged households benefit from solar energy, including by cutting their electric bills.
President Biden announced the Solar for All program Monday in Virginia during an event commemorating Earth Day.
Andrew Harnik/Getty Images
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A Warmer World

Nonprofits to receive billions of dollars for clean energy projects

by Samantha Fields
Apr 5, 2024
$20 billion in grants and loans will be forthcoming from the Biden Administration. It's hoped this will attract private investment too.
At least 70% of recent federal funding for "green banks" is going to clean energy projects in low-income and disadvantaged communities.
Mario Tama/Getty Images
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