Biden signs the Inflation Cut Act, Democrats win long-awaited victory

[Biden signs the "Inflation Reduction Act" and Democrats win long-awaited victory] Jinse Finance reported that US President Joe Biden formally signed the "Inflation Reduction Act" on Tuesday, securing a major legislative victory ahead of the November midterm elections. Just a few weeks ago, the chances of passage of the bill seemed extremely slim, but after the Senate voted to pass it on August 7, the House of Representatives also passed the bill by a vote of 220-207 on August 12. No Republicans in either chamber voted for it. Biden and Democrats desperately need the law, along with a string of other legislative victories, to help boost poll numbers and boost hopes of retaining both chamber majorities in November's midterm elections. According to a FiveThirtyEight poll analysis, Biden's approval rating is only 40%, while 55% of Americans disapprove of his job.

Other news:

The U.S. Biden administration will release a Bitcoin mining report in August: Jinse Finance reported that the U.S. Biden administration will release a Bitcoin mining report in August to explore issues related to Bitcoin mining, such as mining equipment. Noise pollution, energy efficiency of different consensus mechanisms, etc. Costa Samaras, principal assistant director for energy at the White House Office of Science and Technology Policy, said: If bitcoin mining is to become part of our financial system in any meaningful way, it is important that it grows responsibly and minimizes total emissions. When we think about digital assets, it should be a conversation between climate and energy. [2022/7/5 1:52:43]

Biden's budget is expected to add $3.6 trillion in revenue over the next 10 years: The U.S. Treasury Department said it expects Biden's budget to add $3.6 trillion in revenue over the next 10 years. (Golden Ten) [2021/5/29 22:54:00]

US Treasury: Grants under Biden stimulus plan hit $325 billion: The US Treasury said 37 million economic impact payments totaling $83 billion were distributed this week. The $325 billion in economic impact payments under President Biden's economic stimulus plan will continue to be distributed in tranches. (Golden Ten) [2021/3/25 19:15:37]