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Stories Tagged as

Biden administration

How tariffs compare in the Biden and Trump eras

by Justin Ho
May 14, 2024
Both used tariffs to support American jobs and industries. But the Biden administration's have been higher and more targeted.
President Biden announced increased tariffs on Chinese products Tuesday. The current administration's levies are higher and more targeted than those under Donald Trump.
Win McNamee/Getty Images
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How new China tariffs could affect prices for U.S. business owners, consumers

by Samantha Fields
May 14, 2024
When tariffs increase, costs often go up for business owners, who often then pass some of those increased costs along to consumers.
The Biden administration worries that importing Chinese EVs will hurt U.S. manufacturers, said Howard Gleckman with the Urban-Brookings Tax Policy Center.
Mandel Ngan/AFP via Getty Images
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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

by Kai Ryssdal and Sean McHenry
May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
Saul Loeb/AFP via Getty Images
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A Warmer World

Sustainable jet fuel costs twice as much as fossil fuel. New federal subsidies aim to close that gap.

by Caleigh Wells
May 2, 2024
The Biden administration wants increase the use of sustainable aviation fuel around 180 fold by 2030.
Right now, the aviation industry uses about 16 million gallons of sustainable aviation fuel each year. The Biden administration is hoping to hit 3 billion gallons by 2030.
Justin Sullivan/Getty Images
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Biden administration will award $7 billion in solar energy grants for homes

by Stephanie Hughes
Apr 22, 2024
The funds will help 900,000 low-income and disadvantaged households benefit from solar energy, including by cutting their electric bills.
President Biden announced the Solar for All program Monday in Virginia during an event commemorating Earth Day.
Andrew Harnik/Getty Images
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A Warmer World

Nonprofits to receive billions of dollars for clean energy projects

by Samantha Fields
Apr 5, 2024
$20 billion in grants and loans will be forthcoming from the Biden Administration. It's hoped this will attract private investment too.
At least 70% of recent federal funding for "green banks" is going to clean energy projects in low-income and disadvantaged communities.
Mario Tama/Getty Images
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With CHIPS Act money, the Biden administration bets an old plant can make new chips

by Henry Epp
Mar 26, 2024
A Vermont facility built in the 1950s is getting a shot at making semiconductors for smartphones and electric vehicles.
A 1950s-era facility built by IBM and now owned by GlobalFoundries is set to receive upgrades, funded partly by $125 million from the CHIPS Act.
Henry Epp/Marketplace
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Biden cancels $5.8 billion in student debt for public service workers

by Stephanie Hughes
Mar 22, 2024
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
Under the Public Service Loan Forgiveness program, eligible borrowers like teachers make student debt payments for a certain number of years and the rest should be forgiven. That hasn't always happened though.
Daniel Leal/AFP via Getty Images
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Biden uses State of the Union speech to tout his economic track record

by Nancy Marshall-Genzer
Mar 8, 2024
He cited job growth and cheaper drugs for seniors, among other things.
During the State of the Union address on Thursday, President Joe Biden touted the strong labor market the U.S. has seen under his presidency.
Shawn Thew - Pool/Getty Images
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Biden opens doors to government jobs for military spouses

by Kimberly Adams
Mar 1, 2024
Guidelines may aid career prospects for group that tends to be un- and underemployed. Recruitment and retention of troops may benefit too.
President Joe Biden and First Lady Jill Biden visit with Navy families in Norfolk, Virginia. Frequent relocation can make it hard for military spouses to hold down a job.
Alex Wong/Getty Images
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