ECONOMIC POLICY

Democrats savor spending bill — and some tell voters they want to do more

As the House prepares to vote on the Inflation Reduction Act, some lawmakers are looking to next year, wishing for more votes to deliver what they couldn’t now

By Tony RommAugust 10, 2022

A new era of industrial policy kicks off with signing of the Chips Act

The legislation provides $52 billion in subsidies to companies building chip factories in the United States.

By Jeanne WhalenAugust 9, 2022

How the Inflation Reduction Act might impact you — and change the U.S.

The package, while smaller than Democrats’ initial ambitions, would transform huge sectors of the U.S. economy and affect millions of Americans

By Jeff Stein, Maxine Joselow and Rachel RoubeinAugust 7, 2022

With Sinema’s help, private equity firms win relief from proposed tax hikes

Sen. Kyrsten Sinema (D-Ariz.), a must-have vote for the legislation, insisted on last-minute changes to exempt the industry from a new minimum tax on billion-dollar corporations.

By Jeff SteinAugust 7, 2022

Senate approves Inflation Reduction Act, clinching long-delayed health and climate bill

More than eight hours into debate, party lawmakers appeared on track to deliver the political centerpiece of President Biden’s long-stalled economic agenda.

By Tony RommAugust 7, 2022

Republicans block cap on insulin costs for millions of patients

GOP lawmakers stripped efforts by Democrats to impose a $35 price cap on the cost of insulin for many patients from the legislative package moving through Congress.

By Evan Halper and Tony RommAugust 7, 2022

Post Roe, some in GOP wage uphill battle to offer families more support

With abortion rights overturned, are Republicans ready to change the way they think about federal support for families?

By Jeff Stein and Leigh Ann CaldwellAugust 7, 2022

Senate opens debate on Biden-backed Inflation Reduction Act

The Inflation Reduction Act of 2022 is up for debate on the Senate floor. A final vote could come soon.

By Tony RommAugust 6, 2022

Sanders grapples with missed opportunity in Democrats’ economic plan

The Vermont senator wanted Democrats to seek significant changes to the economy. “Does this bill do that? No," he said. "Might it be better than nothing? Yes.”

By Tony RommAugust 5, 2022

Democrats, Sinema reach deal on Inflation Reduction Act, after key changes to tax policies

The new approach — along with other changes to the proposal known as the Inflation Reduction Act of 2022 — satisfied Sinema’s chief concerns and helped set in motion a plan to approve the bill as soon as this weekend.

By Tony RommAugust 4, 2022

Pelosi dined with Taiwan computer chip executives during her brief visit

In a Facebook post on Wednesday, Taiwanese President Tsai Ing-wen said that Pelosi and she attended a lunch with Morris Chang, the founder of Taiwan Semiconductor Manufactuering Company, and its chairman, Mark Liu, as well as Chen Jianzhong, vice chairman of electronics manufacturer Pegatron Corp.

By Jeanne Whalen and Cate CadellAugust 3, 2022

Democrats weigh reducing new taxes to get Sinema’s vote for climate bill

The senator from Arizona — a centrist fiscal hawk — previously has raised concerns with plans to revise federal tax laws.

By Tony Romm and Jeff SteinAugust 3, 2022

Democrats race to ready Inflation Reduction Act for vote this week

Democrats need to short up support among their own ranks, steel themselves for new Republican attacks and prepare for the possibility that a coronavirus outbreak could rattle even the best-laid plans.

By Tony RommAugust 2, 2022

Pelosi to meet with Taiwan’s biggest semiconductor manufacturer

The meeting with the CEO of TSMC, the largest computer chip manufacturer in the world, underscores the importance of the tiny silicon bits to the United States.

By Jeanne Whalen and Ellen NakashimaAugust 2, 2022

Democrats’ side deal with Manchin would speed up projects, West Virginia gas

The deal would also clear the way for a West Virginia gas pipeline. The senator from West Virginia and Democratic leaders forged a separate deal to expand energy infrastructure that would have to be voted on outside the party’s energy package.

By Jeff Stein and Tony RommAugust 1, 2022

White House insists economy is strong as allies grow uneasy about Fed

With Fed Chair Jerome H. Powell moving aggressively, the White House now faces the prospect that these efforts could instead tip the economy into a recession.

By Jeff Stein and Tony RommJuly 29, 2022

Democrats race to adopt climate, health deal after Manchin breakthrough

The key Senate Democrat said he reversed course after securing Democratic leaders’ support for fossil fuels and assurances that their plan would not contribute to inflation.

By Tony Romm, Mike DeBonis and Marianna SotomayorJuly 28, 2022

Democrats seek $21 billion to fight coronavirus and other outbreaks

The spending proposal aims to fulfill the White House's request for more covid aid while giving the government more flexibility to use the money on monkeypox.

By Tony RommJuly 28, 2022