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☆ Every country needs an Inflation Reduction Act
▼ + stars: | 2023-11-23 | by ( Antony Currie | ) www.reuters.com time to read: +9 min

REUTERS/David Gray/File Photo Acquire Licensing RightsMELBOURNE, Nov 23 (Reuters Breakingviews) - Lawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. The Biden administration’s willingness to negotiate on its package of $370 billion of tax breaks and other measures has helped. Reuters GraphicsTrouble is, governments also need to show that they will be fiscally responsible stewards of the energy transition in the short term – especially with inflation still a threat and budgets under pressure. In a speech on Nov. 2 about enabling Australia’s energy transition, Treasurer Jim Chalmers said that “incentives like the type we’ve seen in the Inflation Reduction Act in the United States can be part of an answer but they’re not the whole answer”.

Persons: David Brockwell, David Gray, Australia’s Fortescue, FMG.AX, Joe Biden, Biden, –, Goldman Sachs reckons, ’, Uncle Sam, Fumio, Jim Chalmers, they’re, Chalmers, Una Galani, Thomas Shum Organizations: REUTERS, Rights MELBOURNE, Reuters, Australia, Washington, European, of America, Labor Energy Partnership, U.S, Canberra, Climate Energy Finance, Climate Capital Forum, Deloitte, National Australia Bank, quicken, Thomson Locations: Lake George, Canberra, South Korea, United States, Seoul, European Union, U.S, Japan, Washington, EU, Australia

The lawsuit against the IRS is only the latest in a series of counterpunches by the president's son. Now, Hunter Biden could be heading to trial in the midst of his father’s reelection effort. Hunter Biden, according to his memoir, tumbled into drug addiction after the death of his older brother, Beau, in 2015. Earlier this year Hunter Biden hired high-profile attorney Abbe Lowell, a legal heavyweight known for also representing Jared Kushner and Ivanka Trump. “And it is not even touching on the issue of whether people think that he is being prosecuted because he’s Hunter Biden," she said.

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☆ 'Bellyaching': Democratic unity defending Biden begins to see defections
▼ + stars: | 2023-01-27 | by ( Peter Nicholas | Peter Nicholas Is Senior White House Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +7 min

WASHINGTON — A Democratic push to discredit the congressional Republicans who are launching a slew of investigations into President Joe Biden may be fracturing because of an unexpected obstacle: fellow Democrats. And former Vice President Mike Pence revealed this week that he, too, had discovered classified documents in his Indiana home. On Capitol Hill, House Republicans have opened an oversight inquiry into Biden’s handling of the records. (Both the White House and the Secret Service said they don’t keep such records for his personal residence.) The White House counsel’s office now has a communications arm to quickly respond to Republican allegations of presidential wrongdoing.

But even Democrats acknowledge the issue will give the new GOP-controlled House a fresh line of attack against the White House and may help Trump neutralize or counteract one of the most potent charges against him. And of course, the FBI investigation into classified documents on former Secretary of State Hillary Clinton’s private email server may have sunk her 2016 presidential campaign. Recent polls show most Americans have little interest in Congress investigating Biden and are more likely to trust him over Trump or the new Congress. “I think House Republicans have tied themselves into knots already,” Petkanas added, noting GOP lawmakers have downplayed Trump’s documents. James Comer said Trump’s documents are not 'a priority.’ So how can they with a straight face say that the Biden documents have legs but Trump’s do not?”

Joe Biden beat Donald Trump once, and Democrats are crafting a strategy to try to beat him again in 2024 — even if his name isn’t on the ballot. But Democrats interviewed about the emerging 2024 strategy said they plan to make sure this particular comment isn’t soon forgotten. (Trump issued another statement on his Truth Social platform insisting he hadn’t said he wanted to “terminate” the Constitution.) A Trump ally, former Republican House Speaker Newt Gingrich, said he doesn’t believe Trump will suffer a backlash over his comment about the Constitution. Trump’s comment “is very serious,” said longtime Biden confidant Ted Kaufman, a former U.S. senator from Delaware.

☆ There is a growing shadow campaign to defend Joe Biden from House Republicans
▼ + stars: | 2022-11-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

Three new "war rooms" have sprung up in the past two weeks to combat the House Republican investigations, each backed by multimillion-dollar dark money budgets and some of the best-known operatives in the Democratic Party. Every White House has faced congressional investigations. The White House itself has been preparing for months for the barrage of inquiries, adding both legal and public relations firepower to the White House Counsel’s Office, which is quarterbacking its effort, and encouraging federal agencies to take similar moves. And the White House prefers to stay above the political fray, anyway. I also think it’s the story of Joe Biden as an empathetic father.”

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