The Energy Department will provide a nearly $6.6 billion loan to Rivian to finance the development and construction of Project Horizon in Georgia.
In offshore wind, I decided to put the project on pause, because all the offshore wind projects are in Democratic states ... we’ll see better in four years,” TotalEnergies CEO Patrick Pouyanne said.
The loan announced for Rivian on Tuesday includes an additional $600,000 in capitalized interest funded through the $891 billion Inflation Reduction Act of 2022.
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With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.
If the IRS saw another $20 billion cut, the agency would run out of enforcement funding in FY 2025 and exhaust funding for taxpayer services in FY 2026.
Federal Reserve policymakers unanimously decided to reduce interest rates by 25 basis points to a range of 4.5%-4.75% during ...