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Feb 04 2023
News
More EVs to qualify for tax credit following Treasury changes
More electric vehicles will qualify for a $7,500 tax credit under changes revealed Friday by the federal government, a move that follows pressure from auto industry lobbyists to better define the eligibility requirements.
The Treasury Department said Friday it was modifying how it classifies vehicles subject to certain price caps set under the Inflation Reduction Act, which made
Fox Business
Feb 04 2023
News
U.S. says more Tesla, Ford, GM EVs eligible for tax credits
The U.S. Treasury Department said Friday it will make more Tesla (TSLA.O), Ford Motor (F.N), General Motors (GM.N) and Volkswagen (VOWG_p.DE) electric vehicles eligible for up to $7,500 tax credits after it revised its vehicle classification definitions.
The reversal by Treasury is a win for Tesla, GM, Ford and other automakers which had pressed the Biden administration to change the
Reuters
Feb 04 2023
News
More EVs Will Qualify for Tax Credits After US Reverses Course
The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.
The change announced Friday by the Treasury Department effectively expands the number of buyers who can take advantage of a lucrative $7,500 consumer tax credit by broadening the definition of
Bloomberg
Feb 04 2023
News
U.S. military shoots down suspected Chinese surveillance balloon
The U.S. military on Saturday shot down a suspected Chinese surveillance balloon that had been transiting across the country for several days.
In a statement Saturday, Secretary of Defense Lloyd Austin said a U.S. fighter aircraft assigned to U.S. Northern Command successfully brought down the balloon at the direction of President Joe Biden. Lloyd said the balloon was being used by the
CNBC
Feb 04 2023
News
US downs Chinese balloon, a flashpoint in US-China tensions
The U.S. military on Saturday shot down a suspected Chinese spy balloon off the Carolina coast on orders from President Joe Biden after it traversed sensitive military sites across North America, the latest flashpoint in tensions between Washington and Beijing.
Biden wanted the balloon downed on Wednesday but was advised that the best time for the operation would be when it was over
Associated Press
Feb 04 2023
News
Biden says he authorized Pentagon days ago to shoot down Chinese spy balloon
President Joe Biden said shortly after the U.S. military shot down a Chinese spy balloon that he gave the order to shoot it down on Wednesday but that military officials waited until Saturday to do so.
"I ordered the Pentagon to shoot it down on Wednesday as soon as possible," Biden told reporters on Saturday. "They decided without doing any damage to people on the ground they decided
Fox News (Online News)
Feb 01 2023
News
FBI Finds No Classified Docs in Search of Biden Beach House
The Federal Bureau of Investigation searched President Joe Biden's vacation home in Rehoboth Beach, Delaware, Wednesday and found no classified documents, the president's personal lawyer said.
Agents did take some handwritten notes and other materials relating to Biden's time as vice president for review, the lawyer, Bob Bauer, said.
Newsmax (News)
Feb 02 2023
News
FBI to search Mike Pence's home for classified documents: Report
The FBI is reportedly set to search former Vice President Mike Pence's home in Indiana for additional classified documents in the coming days.
Pence and officials are currently working on scheduling the upcoming search, per the Wall Street Journal.
Washington Examiner
Feb 02 2023
News
National Archives Says It Was 'Ordered' to Keep Biden's Classified Documents Hidden From Public
As House Oversight Committee Chairman James Comer (R-KY) gets to work investigating the Biden administration for its many crises and mishandling of various issues, he's also trying to get to the bottom of President Joe Biden's mishandling of classified documents — but he keeps running into the same non-transparent Biden administration that has frustrated Americans with its lack of candor and
Townhall
Feb 02 2023
News
‘A big deal’: US, Philippines tighten military ties
The Philippines said Thursday it was allowing U.S. forces to broaden their footprint in the Southeast Asian nation, the latest Biden administration move strengthening an arc of military alliances in the Indo-Pacific to better counter China, including in any future confrontation over Taiwan.
Thursday’s agreement, which gives U.S. forces access to four more military camps, was announced
Associated Press