President Joe Biden is set to sign the sweeping $739 billion Inflation Reduction Act into law on Tuesday.
Biden will deliver remarks ahead of the signing ceremony to be held in the State Dining Room at 3:30 PM ET.
The long fought political battle between the Republican and Democratic lawmakers on the provisions of the key legislation finally culminated in members of both chambers of the Congress voting along party lines and Vice President Kamala Harris breaking a tie in the Senate to ensure passage of the Bill.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.