Biden discusses inflation, signs PACT Act providing aid to veterans

Yahoo Finance published this video item, entitled “Biden discusses inflation, signs PACT Act providing aid to veterans” – below is their description.

#inflation #economy

On Aug 7, 2022 Senate passed the Inflation Reduction Act in a 51-50 vote. We broke down the tax provisions in the Democrats’ climate and economic bill and what the bill passing could mean for markets. Originally aired on August 8, 2022.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Voting is a method for a group, such as a meeting or an electorate, in order to make a collective decision or express an opinion usually following discussions, debates or election campaigns. Democracies elect holders of high office by voting. Residents of a place represented by an elected official are called “constituents”, and those constituents who cast a ballot for their chosen candidate are called “voters”. There are different systems for collecting votes, but while many of the systems used in decision-making can also be used as electoral systems, any which cater for proportional representation can only be used in elections.

In smaller organizations, voting can occur in different ways. Formally via ballot to elect others for example within a workplace, to elect members of political associations or to choose roles for others. Informally voting could occur as a spoken agreement or as a verbal gesture like a raised hand or electronically.

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