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Sources:
https://www.dailywire.com/news/biden-signs-740-billion-inflation-reduction-act

President Joe Biden signed the Inflation Reduction Act into law on Tuesday, a move heralded by the Biden administration as a huge win and by Republicans as a devastating loss.

During the bill signing on Tuesday, Biden called the legislation “one of the most significant laws in our history” and joked that he never had a doubt that he had Sen. Joe Manchin’s (D-WV) support for the legislation.

Manchin, who struck a deal in private on the legislation with Senate Majority Leader Chuck Schumer (D-NY), has claimed that this package will help the nation fight inflation.

The president and his administration have promised that the act will lower the costs of energy, prescription drugs, and health care for American families, as well as combat the climate crisis, reduce the deficit, and force the largest corporations to pay their “fair share of taxes.”

The legislation passed the United States House of Representatives and Senate last week, allocating $740 billion toward Internal Revenue Service (IRS) funding, Affordable Care Act subsidies, green energy subsidies and tax credits, and more.

Democrats claimed that the Inflation Reduction Act would allow Congress to pay down federal debt by leading to new federal revenue, but Republicans expressed strong concerns about the $80 billion allocated in new funding to the IRS (allowing for up to 87,000 new IRS employees) and argued that poorer Americans will subsequently face more audits.

“The law will increase historic inflation and deepen the ongoing recession,” Alfredo Ortiz, president and CEO of Job Creators Network, said in a Tuesday statement. “Not even the media, which is quick to echo Biden’s claims, thinks the legislation will reduce inflation.” - DW

https://www.dailywire.com/news/biden-administration-cancels-4-billion-in-itt-tech-student-loans

The U.S. Department of Education announced Tuesday that it would cancel about $4 billion in the remaining 208,000 federal student loans for borrowers who attended ITT Technical Institute from 2005 until the for-profit college chain dissolved in 2016.

Officials said the debt forgiveness comes after the department reviewed extensive internal records, testimony from ITT managers and recruiters, and first-hand accounts from borrowers allegedly defrauded by the quality of the institute’s programs. - DW

https://www.dailymail.co.uk/news/article-11117473/Cheney-brings-dad-Dick-moral-support-just-hours-left-shes-likely-ousted-House.html

Liz Cheney brings dad Dick for moral support to vote in Wyoming with just hours left of Republican primary: Residents tell DailyMail.com they want to replace 'spoiled brat' with Trump-backed Harriet Hageman - who has a 29-point lead in polls
GOP Rep. Liz Cheney brought along her father, former Vice President Dick Cheney, when she showed up to vote in Jackson, Wyoming Tuesday
Cheney was just hours away from a likely ousting from Congress, as the Trump-backed Harriet Hageman was leading her 29 points in the polls
'We're facing a moment where our democracy really is under attack and under threat,' Cheney told CBS News outside the polling location
She pushed Wyoming voters of all stripes - Republican, Democrat, independent - 'to put that above party,' and keep her in office
Wyoming voters can switch parties the day of an election, and can also vote at any polling place as long as they show identification
Republican voters DailyMail.com spoke with in Cheyenne had all voted for Hageman, with a lone Democrat saying he had not switched parties for Cheney - DM

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