The U.S. Department of Energy stated that it will invest $1.5 billion to bolster the U.S. electricity grid.$1.5 billion will be invested in four transmission projects that will improve grid reliability and resilience, relieve costly transmission congestion, and open access to affordable energy to millions.The projects selected for the Transmission Facilitation Program will enable nearly 1,000 mile...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.