Talia Kaplan, Fox Business
U.S. truckers discussed the "unprecedented" diesel price surge on Thursday, noting that the situation is posing a real crunch for drivers and explained what they are doing to try and alleviate the burden.
by Myles Udland, Yahoo! Finance
With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday.
Liz Peek, Fox News
Stock markets are crashing, but Joe Biden doesn’t care. The cheery president is oblivious, even though U.S. investors have lost $7.6 trillion since he took office and we are now officially in a bear market. Politico reports that Biden wants to hit the road, eager to tout his economic achievements and confident that the "nation’s outlook is brightening."
Breck Dumas, Fox Financial
Rising prices and market volatility over the past year have caused Americans to reassess how much they will need to save for retirement – and it is a whole lot more than what they thought they needed in 2021.
Brian Anderson, 401k Specialist
Having enough income in retirement is the second-biggest financial concern in 2022 for Americans—trailing only inflation—according to new research from Lincoln Financial Group. While recession fears are widespread, inflation has been the top concern in rotation for all of 2022, finishing the year with 71% of Americans saying they’re concerned about it, up from 64% in the first quarter.
Troutman Pepper
The Inflation Reduction Act of 2022 (IRA) will be a game changer for the energy industry. This guide focuses on those issues of particular significance to the energy industry; it is not intended to be comprehensive.
Norton Rose Fulbright
During our webcast on the tax provisions of the Inflation Reduction Act of 2022 (H.R. 5376) (the “IRA”), we received over 800 questions. Below we answer the ones that are of the broadest interest to the renewable energy industry.
The Cherrytree Group
The major legislation passed by Congress this month is nothing short of transformational. The Inflation Reduction Act (which I’ll nickname as the “Climate Tax Bill”), if passed by the House, would expand the use of Federal tax credits to advance climate stabilization goals and attempt to curb global warming. In doing so, this bill lays bare the power and reach of the U.S. Tax Code to harness renewable energy as a tool to achieve economic security.
Fox Business
The Biden administration says it is keeping a close watch on diesel inventories and working to boost supplies following news that reserves have been depleted and could run out in less than a month if not replenished, sparking fears of shortages and rising prices.
