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8/13, 12:43 AM (Source: TeleTrader)
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Biden to sign IRA into law next week

United States President Joe Biden stated on Friday that he will sign the Inflation Reduction Act (IRA) into law the following week. The $430 billion bill will deal with Medicare and drug prices, extending the Affordable Care Act for three years, deficit reduction, as well as new energy and climate proposals.

"And while I plan to sign the Inflation Reduction Act into law next week, on September 6 we will hold a celebration at the White House in honor of this historic legislation," the president wrote on his Twitter account.

On Sunday, the US Senate passed the bill, giving Democrats a major win three months before the mid-term elections.

Baha Breaking News (BBN) / JN