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Wed, Jul 16

NEWS: Here’s How Much Money Biden Actually Spent From the IRA

When Congress clawed back unspent money from the Inflation Reduction Act, it revealed about $62B had already been legally obligated—roughly two-thirds of what was up for grabs. (Heatmap)

  • The EPA spent nearly all of its IRA funds (including the full $27B Greenhouse Gas Reduction Fund), while the Forest Service deployed more than $2B. DOE lagged behind, but separately issued nearly $58B in clean energy loans.

  • The catch? Courts and the Treasury will now decide if those commitments stick.

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