![]() ![]() How The Inflation Reduction Act Will Affect Your Health Care Here's who Texas could lose out to.īiden Marks Anniversary of Inflation Reduction Act, Previewing 2024 Message According to analysis by energy consultancy RMI, Texas benefits the most from the IRA by 2030, it will have received $131 billion in investments. The IRA allocates $500 billion for infrastructure investments crucial for a green economy transition. Why it matters: In November, an unnamed campaign official told the Financial Times the former president would "cut a lot of that spending" if he wins, while Trump allies also indicated the IRA was firmly in his crosshairs. Texas and other Republican states stand to lose billions of dollars in economic investment if Donald Trump were re-elected and seeks to repeal the Inflation Reduction Act (IRA), a landmark deal brokered by the Biden administration. "I don't think that there's any way to argue that repealing the Inflation Reduction Act would somehow be good for Texas's energy industry in particular.” Leading Texas energy consultant Doug Lewin told Newsweek. Texas Poised to Lose Billions in Investment if Trump Elected Trump, who continues encouraging Republicans to block bills he doesn't seem as “perfect,” seems unlikely to reverse course and join forces with the incumbent president. Joe Biden Confronted Over Laken Riley's Death During Border Visitĭonald Trump Gives Gavin Newsom New Nickname in Blistering Border Speechīiden Admin's New Term for Migrants Sparks Republican Furyīiden’s efforts to pass bipartisan border legislation may face challenges before November's presidential election. However, the president is not alone in suggesting that Trump asked Republicans to block the bill in hopes of worsening the situation at the border for his political benefit. Here's what Trump spokesperson Steven Cheung told Newsweek. After a group of bipartisan lawmakers spent months crafting the legislation, it failed in the Senate when it became clear that Republicans would no longer support it. Why it matters: Republicans blocked a $118 billion bill that included $20 billion for securing the U.S.-Mexico border and immigration policy changes earlier this month. Trump accused Biden of having "blood on his hands" regarding border policies. You know and I know, it's the toughest, most efficient, most effective border security bill this country's ever seen,” President Joe Biden said about Donald Trump.īiden called on Trump to join efforts to pass a bipartisan border bill during a visit to the southern border, challenging Republicans to show support. We appreciate your feedback and you starting your day with us. If you have any story tips, feedback or ideas for what we should do next, please email Emeri B. If you've been forwarded this email, you can sign up here. ![]() If you like this newsletter, please share it. In the ongoing war in Ukraine, a major arms production hub located in the city of Dzerzhinsk in Russia's Nizhny Novgorod region is reported to have been targeted in a Ukrainian drone strike overnight, Russian independent news outlet SOTA reported on its Telegram channel.Trump attacks Biden religiously: Donald Trump has claimed that Joe Biden is "after the Catholics," alleging on Fox News that Biden had weaponized the FBI and Department of Justice (DOJ)."will not be intimidated" by ongoing Russian nuclear brinkmanship, following Vladimir Putin's threats against the West. US responds to Putin's nuclear threats: The State Department said that the U.S.Iran parliamentary election: Iran began voting today in its first parliamentary elections since the mass 2022 protests over its mandatory hijab laws after the death of Mahsa Amini.Navalny's funeral: The funeral of late Russian opposition leader Alexei Navalny will take place today in a church on the outskirts of Moscow, two weeks after he died in prison. ![]()
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