Treasury Secretary Janet Yellen is warns voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.
55 minutes ago– Treasury Secretary Janet Yellen warned voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.
“Rolling them back could raise costs for working families at a moment when it’s imperative that we continue to take action to lower prices,” Yellen said."It could jeopardize the significant investments in manufacturing we’re seeing here and across the country, along with the jobs that come with them, many of which don’t require a college degree. And it could give a leg-up to China and other countries that are also investing to compete in these critical industries.
The Republican case against the Inflation Reduction Act hinges on the argument that the spending is wasteful and benefits China.
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