All articles tagged with #uspolicy
Originally Published 1 month ago — by Bloomberg.com
The Trump administration plans to expand its travel ban to include around 30 countries, intensifying restrictions on migration following a recent shooting in Washington, with a review of existing approvals and a pause on immigration requests from the currently restricted nations.
Originally Published 1 year ago — by POLITICO Europe
The COP29 climate summit has been overshadowed by political tensions, particularly with Donald Trump's influence casting doubt on the Biden administration's climate commitments. Despite Israel's advice to remain in the Paris Agreement, the US has quietly abandoned efforts for more ambitious climate goals. Meanwhile, Azerbaijan's president criticized Western nations' climate policies, highlighting the geopolitical complexities at the summit.
Originally Published 1 year ago — by CNN
A coalition of humanitarian aid organizations has criticized Israel for failing to meet US-set criteria to improve the humanitarian situation in Gaza, as outlined in a scorecard released on the 30-day deadline set by US officials. The scorecard highlights Israel's non-compliance with measures intended to alleviate conditions in Gaza, including allowing sufficient aid and commercial trucks to enter the region. Despite some aid deliveries, the situation remains dire, with reports of severe food shortages and attacks on humanitarian sites. The US has warned Israel of potential legal and policy consequences if the situation does not improve.
Originally Published 1 year ago — by Bloomberg
The Biden administration plans to triple the US's nuclear power capacity by 2050, aiming to add 200 gigawatts through new reactors, plant restarts, and upgrades, as part of a strategy to meet rising energy demand with carbon-free sources. In the short term, the goal is to achieve 35 gigawatts of new capacity within the next decade.
Originally Published 2 years ago — by The Guardian
As US Secretary of State Antony Blinken embarks on a Middle East tour, Israel is proposing policies for Gaza to placate US concerns over regional tensions and civilian protection. Israeli Defense Minister Yoav Gallant suggests a plan for Israeli security control with local Palestinian administration post-conflict, diverging from US preferences for a revitalized Palestinian Authority. The Biden administration is pressing for more precise military operations and criticizes far-right Israeli ministers' inflammatory rhetoric. Amidst the conflict, which has caused significant Palestinian casualties and displacement, Blinken's visit aims to address tough issues and seek reassurances for a peaceful resolution.
Originally Published 2 years ago — by Democracy Now!
Ralph Nader criticized U.S. policy in Gaza, highlighting the Congress and White House's role in the conflict and the significant financial support provided to Israel. He called out the hypocrisy in the Biden administration's approach to the ceasefire and the need for humanitarian aid in Gaza. Nader also addressed the influence of major donors on university policies, referencing recent controversies at Harvard and UPenn. Additionally, he discussed his new book, "The Rebellious CEO," which profiles corporate leaders who prioritize ethical practices.
Originally Published 2 years ago — by Reuters
General Motors is offering a $7,500 incentive on its electric vehicles that no longer qualify for a U.S. government tax credit due to new battery sourcing requirements. This move comes after the Treasury's guidelines, which aim to reduce reliance on China for EV supply chains, resulted in a reduction of eligible EV models from 43 to 19. Meanwhile, Ford is adjusting prices on its F-150 EVs, with increases on lower-priced models and cuts on premium ones. GM expects its EVs to regain eligibility for the credit in early 2024 after a sourcing change. The new U.S. EV tax credit rules are part of the 2022 Inflation Reduction Act, which requires vehicles to be assembled in North America to qualify.
Originally Published 2 years ago — by The Verge
The number of electric vehicles eligible for the full $7,500 federal tax credit in the US has been significantly reduced due to new requirements on battery minerals and sourcing from the Inflation Reduction Act of 2022. Only five battery electric vehicles and one plug-in hybrid vehicle qualify for the full credit, with a few others eligible for a half credit. Popular EVs like the Tesla Model 3, Nissan Leaf, and Volkswagen ID.4 have been removed from the list, and many EVs manufactured outside North America never qualified. The tax credit is becoming more restrictive to encourage the use of battery materials not sourced from "foreign entities of concern" and to boost the US EV sector and job creation. Automakers are now investing in North American battery plants and mining operations to comply with the new regulations.
Originally Published 2 years ago — by Reuters
The U.S. Treasury announced that many electric vehicles, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s, and Chevrolet Blazer EV, lost eligibility for federal tax credits due to new battery sourcing rules aimed at reducing dependence on China. The number of qualifying EV models dropped from 43 to 19. Automakers are adjusting supply chains to meet the new requirements, with some vehicles expected to regain eligibility in 2024. The changes are part of the 2022 Inflation Reduction Act, which mandates North American assembly for tax credit qualification.
Originally Published 2 years ago — by Decrypt
The year 2024 is anticipated to be pivotal for cryptocurrency regulation in the United States, with several major legal cases and proposed rules potentially bringing clarity to the industry. Key developments include a Coinbase legal challenge to the SEC, a Supreme Court case that could limit federal agencies' power, and the conclusion of Ripple's lawsuit with the SEC. Proposed rules from the SEC, IRS, and Treasury Department could significantly impact the crypto landscape, with outcomes ranging from stifling DeFi development to prompting Congress to establish a regulatory framework. However, the exact direction of U.S. crypto regulation remains uncertain, with industry leaders acknowledging the difficulty in predicting congressional actions.