President Joe Biden made a scathing attack on big drug manufacturers and Republican lawmakers for fighting tooth and nail to scuttle the Inflation Reduction Act.
"Big drug companies spent nearly $100 million to defeat this bill. And remember: Every single Republican in Congress voted against this bill," Biden said while delivering remarks ahead of signing the sweeping $739 billion bill into law.
For comments and feedback contact: editorial@rttnews.com
Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.