Biden Signs Inflation Reduction Act With $369B for Climate and Clean Energy

President Biden signed the Inflation Reduction Act, directing roughly $369 billion to climate and clean-energy programs. The law extended Investment and Production Tax Credits for solar and wind, added stand-alone storage credits, and created manufacturing incentives for batteries and electric vehicles. Senate Majority Leader Chuck Schumer secured Joe Manchin'support for the final 51-50 reconciliation vote with Vice President Harris breaking the tie.