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.
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Political News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.