Oil and gas provisions in the climate bill are a worthwhile trade-off

On July 27, Senators Joe Manchin and Chuck Schumer stunned Washington by announcing that they had agreed on a climate package. The bill, known as the Inflation Reduction Act of 2022, allocates $369 billion for climate action. The United States would take a significant step toward attaining the em...

US SENATE LEADER CHUCK SCHUMER PROPOSES $52 BN FOR PRODUCTION & R&D OF CHIP IN US

Highlights

• Unveiling the proposal, Schumer said “American manufacturing has suffered rather dramatically from a chip shortage.”

• Along with boosting chip production, this proposal also includes $49.5 billion in emergency supplemental appropriations to ...

US SENATE CONSIDERS NEW BILL WORTH $30 BN TO BOOST CHIPMAKING SECTOR: REPORTS

Highlights

• It is also being said that lawmakers are aiming to bring the package, which would include other elements to boost America's tech sector, to a full vote in April

• The US Senate Majority leader has previously said that he has asked lawmakers to come u...

US TO DRAFT A LEGISLATIVE PACKAGE TO OUTCOMPETE CHINA, CREATE NEW JOBS & INVEST IN INDIA

Highlights

• On Tuesday, the Senate Majority Leader discussed his push to direct Senate committees to draft a legislation to protect American jobs and outcompete China

• According to Schumer, his intention is to put the legislation on the Senate for a vote this sprin...

U.S. PRESIDENT-ELECT JOE BIDEN TO MEET NANCY PELOSI AND CHUCK SCHUMER TODAY

Highlights

• According to the reports, Biden is all set to host the top Democrats in the House, while the Senate at his current transition headquarters in Wilmington, Delaware

• Though the agenda of these meetings remains unknown, it is being said the new governing t...