The IRS aims to improve customer service by hiring 5,000 additional workers

Sep 15, 2022
The agency's budget has been shrinking, its workforce is aging, and it's been saddled with new responsibilities.
Treasury Secretary Janet Yellen tours a new technology workspace at the Internal Revenue Service on Sep. 15. The agency is receiving $80 billion to upgrade technology and hire more staff.
Saul Loeb/AFP via Getty Images

Where does the U.S. stand in the race toward electrification?

The world is shifting to electric vehicles. But the U.S. is home to just 10% of EV production and 7% of battery production capacity.
The push toward electrification is on. But is the U.S. equipped to keep up with EV production demands?
Justin Sullivan/Getty Images

Controversy follows changes to federal debt relief program for farmers of color

Aug 22, 2022
A federal program to aid farmers of color has been changed to omit references to race.
A federal program to provide aid to farmers of color was broadened by the recently-passed climate bill and now omits references to race.
Michael M. Santiago/Getty Images

Fracking flourishes as era of net-zero carbon looms

Aug 15, 2022
The energy industry is emphasizing the controversial technique over traditional drilling, partly for its shorter timetable.
A fracking pump jack in California. Fracking for oil is generally a lower-risk and shorter-term proposition than vertical drilling.
David McNew/Getty Images

Democrats pass major agenda items, but they have a lot of hard work ahead

Democrats need to make the Inflation Reduction Act live up to its promise, Felicia Wong of the Roosevelt Institute says.
What are some potential obstacles that await Democrats as they prepare to implement the Inflation Reduction Act?
Nicholas Kamim/AFP/Getty Images

U.S. inflation slows from a 40-year peak but remains high

Aug 10, 2022
The report raises hopes that the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 5, 2022 at Wall Street in New York City.
ANGELA WEISS/AFP via Getty Images

The Inflation Reduction Act wants to incentivize electric car purchases – but there's a catch

Aug 10, 2022
The bill includes language that would make most existing electric vehicle models ineligible for the tax credit that's intended to make them more affordable.
People look at the engine of a Chevrolet Bolt EV at the New York International Auto Show at the Jacob K. Javits Convention Center on April 15, 2022 in New York City.
Michael M. Santiago/Getty Images

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Inflation Reduction Act's climate change funding takes aim at environmental inequity

Aug 9, 2022
The bill, which has passed in the Senate and is up for a vote in the House this week, would allocate tens of billions to communities which suffer disproportionately from the effects of climate change.
Climate change is making heat waves more frequent and hotter with large swathes of the U.S. currently under excessive heat warnings.
Photo by Mario Tama/Getty Images

Why isn't Big Oil up in arms about the climate-friendly Inflation Reduction Act?

Aug 8, 2022
The bill incentivizes clean energy but doesn't vilify fossil fuels. Traditional oil companies can access some of the benefits as well.
The climate legislation gives oil companies a win with expanded drilling opportunities on federal lands and a pipeline in West Virginia.
Mario Tama/Getty Images

Medicare may soon be able to negotiate prescription drug prices

Aug 8, 2022
The health policy reform is part of the Democrats' Inflation Reduction Act, which could aid 48 million Medicare recipients.
The Congressional Budget Office estimates that the Inflation Reduction Act will save Medicare $288 billion over the next decade.
Stefani Reynolds/Getty Images

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