Risky Money Moves: How Biden's Economic Plan Could BackfireThe Biden Administration is injecting a massive amount of money into the market ahead of the upcoming election. This fiscal spending, which began in earnest in May, is becoming a significant variable in the financial market. The funds deposited in the Treasury’s TGA account decreased from $930 billion at the end of April to $730 billion […]
Will Trump's Controversial Trade-Off Lead to No More Income Tax?Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
IMF Report: Biden's Trade Policies May Lead to Massive Global Economic LossesThe International Monetary Fund (IMF) criticized U.S. President Joe Biden’s aggressive tariff policy towards China as a threat to global economic growth. According to Bloomberg on the 16th (local time), IMF spokesperson Julie Kozak warned at a regular briefing that “the U.S. must maintain an open trade policy that is essential for economic performance.” She […]
Graphite Mining Companies Outraged as Biden Administration Lifts Chinese Graphite BanThe U.S. government is set to hold discussions with domestic graphite producers who suffered damage due to the postponement of a ban on graphite from China. It is analyzed as a means to appease graphite mining companies that are dissatisfied with the Biden administration’s decision. According to industry sources on the 8th, the U.S. government […]
U.S. Government Agencies Put AI Safeguards in PlaceThe Biden Administration in the United States has instructed federal agencies to establish specific safety measures related to artificial intelligence (AI) by December. According to CNN, the White House Office of Management and Budget (OMB) announced new policy rules on the 28th (local time) containing detailed requirements to prevent citizens from suffering unnecessary harm using […]
Biden Administration Invests in Intel, $8.5 Billion in Grants and $11.9 Billion in Loans“Largest Ever Funding Under CHIPS Act” The Biden Administration is pushing for funding support of $19.5 billion for the semiconductor manufacturer Intel. According to Bloomberg News on the 20th (local time), the White House announced in a statement, “We have tentatively agreed to provide Intel with up to $8.5 billion in grants and implement $11 […]
U.S. Federal Government Invests $750 Million To Expand Green Hydrogen ProductionForbes reported on March 13, 2024, that the U.S. Biden administration is pushing ahead with efforts to make carbon-free hydrogen a cheaper and more widely available clean energy source by distributing $750 million in federal funds to help companies and universities, including Plug Power, GM, and Cummins, expand production of electrolyzers that make hydrogen and […]
Biden Administration Announces $7.3 Trillion Budget Statement for Fiscal Year 2025“Cornerstone of the election campaign, contrasting with Trump’s economic policies.” The Biden administration announced a budget statement of $7.3 trillion for the 2025 fiscal year on the 11th (local time). The plan aims to reduce the fiscal deficit through increased taxes on the wealthy and corporations and secure financial resources for new low-income support programs. […]
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Risky Money Moves: How Biden's Economic Plan Could Backfire The Biden Administration is injecting a massive amount of money into the market ahead of the upcoming election. This fiscal spending, which began in earnest in May, is becoming a significant variable in the financial market. The funds deposited in the Treasury’s TGA account decreased from $930 billion at the end of April to $730 billion […]
Will Trump's Controversial Trade-Off Lead to No More Income Tax? Janet Yellen, the U.S. Secretary of the Treasury, criticized former President Donald Trump’s proposal to abolish income tax and replace it with tariffs on imported goods, stating it would significantly exacerbate the hardship of Americans. In an interview with ABC, Yellen discussed Trump’s tax cut idea, stating, “A tariff well over 100% would be necessary,” […]
IMF Report: Biden's Trade Policies May Lead to Massive Global Economic Losses The International Monetary Fund (IMF) criticized U.S. President Joe Biden’s aggressive tariff policy towards China as a threat to global economic growth. According to Bloomberg on the 16th (local time), IMF spokesperson Julie Kozak warned at a regular briefing that “the U.S. must maintain an open trade policy that is essential for economic performance.” She […]
Graphite Mining Companies Outraged as Biden Administration Lifts Chinese Graphite Ban The U.S. government is set to hold discussions with domestic graphite producers who suffered damage due to the postponement of a ban on graphite from China. It is analyzed as a means to appease graphite mining companies that are dissatisfied with the Biden administration’s decision. According to industry sources on the 8th, the U.S. government […]
U.S. Government Agencies Put AI Safeguards in Place The Biden Administration in the United States has instructed federal agencies to establish specific safety measures related to artificial intelligence (AI) by December. According to CNN, the White House Office of Management and Budget (OMB) announced new policy rules on the 28th (local time) containing detailed requirements to prevent citizens from suffering unnecessary harm using […]
Biden Administration Invests in Intel, $8.5 Billion in Grants and $11.9 Billion in Loans “Largest Ever Funding Under CHIPS Act” The Biden Administration is pushing for funding support of $19.5 billion for the semiconductor manufacturer Intel. According to Bloomberg News on the 20th (local time), the White House announced in a statement, “We have tentatively agreed to provide Intel with up to $8.5 billion in grants and implement $11 […]
U.S. Federal Government Invests $750 Million To Expand Green Hydrogen Production Forbes reported on March 13, 2024, that the U.S. Biden administration is pushing ahead with efforts to make carbon-free hydrogen a cheaper and more widely available clean energy source by distributing $750 million in federal funds to help companies and universities, including Plug Power, GM, and Cummins, expand production of electrolyzers that make hydrogen and […]
Biden Administration Announces $7.3 Trillion Budget Statement for Fiscal Year 2025 “Cornerstone of the election campaign, contrasting with Trump’s economic policies.” The Biden administration announced a budget statement of $7.3 trillion for the 2025 fiscal year on the 11th (local time). The plan aims to reduce the fiscal deficit through increased taxes on the wealthy and corporations and secure financial resources for new low-income support programs. […]
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