Medicare announces plan to recoup billions from drug companies
Drugmakers will be required to pay Medicare back for price increases that outpace inflation. The industry is expected to put up a fight over implementation.
Inflation Reduction Act
California offshore wind promises a new gold rush while slashing emissions
A federal offshore wind lease auction in December off California's coast promises to kickstart a work boom on the state's northern and central coasts.
Legal fights and loopholes could blunt Medicare's new power to control drug prices
The Inflation Reduction Act gives Medicare historic new powers to limit prescription drug prices. But the pharmaceutical industry is already lobbying to dull their impact.
You can get a $7,500 tax credit to buy an electric car, but it's really complicated
The Biden administration's climate and health care bill revamps the available tax credits for buyers of electric cars. Here's what to know about how they work.
The IRS just got $80 billion to beef up. A big goal? Going after rich tax dodgers
The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.
Fast-growing green jobs pay more, Wake Forest economist says
New research by Wake Forest University economist Mark Curtis finds that jobs in the renewable energy sector have tripled in the last 15 years, a figure that could grow with the recent passage of th
Democrats passed a major climate, health and tax bill. Here's what's in it
Senate Democrats spent the weekend advancing what they call a historic piece of legislation, but it's still a much smaller version of what they — and President Biden — originally called for.
The Senate is moving ahead on Democrats' sweeping health, climate and tax bill
The wide-ranging legislation targets climate change, health care costs and taxes. Majority Leader Chuck Schumer kicked off floor debate on Saturday evening.
President Biden has tested negative for COVID again but will remain in isolation
President Biden is negative for COVID-19 after a rebound case but will remain in isolation pending a second negative test, the White House announced on Saturday.
Sinema says she will move forward with Senate Democrats' climate, health and tax bill
The Arizona senator said late Thursday that she will move forward with the Inflation Reduction Act after Democrats reached an agreement to narrow the carried interest tax provision.