Biden signs historic climate, tax bill into law | ABCNL

ABC News published this video item, entitled “Biden signs historic climate, tax bill into law | ABCNL” – below is their description.

President Joe Biden on Tuesday signed the Inflation Reduction Act into law, which enacts sweeping changes to the country’s climate and healthcare policies.

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About This Source - ABC News

American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.

ABC News is primarily broadcast from the Times Square Studios in New York City.

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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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