U.S. President Joe Biden raised the last pillar of his economic agenda with the passage of a breakthrough climate and tax package by the Senate, sealing a legacy that was hampered by an inflation surge he blamed for sparking.
The Inflation Reduction Act will give Democrats a rally cry for midterm elections and joins three other bills as a foundation for Bidenomics: a $3 trillion push to reshape the U.S. economy toward working families and domestic manufacturing, boost competition against China and prevent the kind of stunted recovery Biden saw as a vice president.
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