Inflation Reduction Act allegedly off the table in debt talks - Breaking The News
Download our appPlay StoreApp Store

Inflation Reduction Act allegedly off the table in debt talks

EPA-EFE/BONNIE CASH

The Biden administration told negotiators in Congress that Inflation Reduction Act is off the table when it comes to discussing spending plans and resolving the debt limit issue, CNN reported on Thursday citing two sources with knowledge on the matter.

House Republicans have been targeting the bill in their recent budget proposal, which United States President Joe Biden condemned. According to the sources, the White House wants to reduce the scope of negotiations by making certain items unavailable for discussion, and then start talking about spending cuts that are actually acceptable.

Other non-negotiable items also include the topic of student debt, alongside Medicaid and Supplemental Nutrition Assistance Program (SNAP) benefits, the sources added. They noted that Biden is willing to consider a limit on future spending, but would want that to last for a shorter period of time. The WH also wants the debt ceiling increase to last longer than a year.

Related News
Trump admin may cut Biden's $7B solar program
The United States Environmental Protection Agency (EPA) is considering canceling a $7 billion green energy program launched by former President Joe Biden, Fox News Digital reported. The program, known as Solar for All, aimed to install solar panels on nearly 900,000 low-income homes. However, under President Donald Trump's administration, the EPA may soon notify dozens of nonprofits and state agencies that their federal grants will be...
Abbott threatens to remove Dems who left state
Texas Governor Greg Abbott threatened to remove the Democrats who left the state in a bid to block Republicans from holding a vote in the Texas House on a new congressional district map."This truancy ends now. The derelict Democrat House members must return to Texas and be in attendance when the House reconvenes at 3:00 PM [local time] on Monday, August 4, 2025," Abbott said in a statement, adding that he will remove the missing Democrats from...
Texas Dems leave state to stop vote on redistricting attempt
Texas Democrats are leaving the state in a bid to prevent the Texas House from holding a vote on a Republican-led, mid-decade redistricting effort that could potentially result in Democrats losing five seats in the United States House ahead of the 2026 midterm elections.Sunday's move aims to block Texas Republicans from the needed quorum to hold a vote on a new congressional map that would provide them with five new seats, boosting their chances of...
US House said to probe Spotify over censorship claims
The United States House Judiciary Committee launched an investigation into Spotify Technology S.A. due to concerns that the music platform is censoring free speech, the New York Post reported on Tuesday, citing a letter from US Representative from Ohio Jim Jordan addressed to Spotify's CEO Daniel Ek.According to the report, Jordan criticized the recent laws made by the United Kingdom and the European Union that impose massive fines on social...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.