The Centerpiece of Trump's Crypto's Masterplan...

Donald Trump wants to be America's first crypto president. He even made Bitcoin a key plank in the Republican party platform. But there's a special coin that neither Trump nor Vance had mentioned on the campaign trail. I believe it could be the centerpiece of Trump's "Project Crypto."

House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales

MATTHEW DALY
September 20, 2024

WASHINGTON (AP) -- The GOP-controlled House approved a resolution Friday that would overturn a new Biden administration rule on automobile emissions that Republicans say would force Americans to buy unaffordable electric vehicles they don't want.

The rule issued by the Environmental Protection Agency in March would impose the most ambitious standards ever in the United States to cut planet-warming emissions from passenger vehicles.

The actions come as EV sales, needed to meet the standards, have begun to slow.

While former President Donald Trump and other Republicans have lambasted the rule as an EV "mandate,'' the rule would not force all sales of EVs. Under the regulation, industry could meet the limits if 56% of new vehicle sales are electric by 2032, the EPA said. The standard also would require at least 13% plug-in hybrids or other partially electric cars by 2032, as well as more efficient gasoline-powered cars that get more miles to the gallon than cars currently on the road.

The projected EV sales rate would be a huge increase over current sales, which rose to 7.6% of new vehicles last year, up from 5.8% in 2022.

"The EPA's latest tailpipe emissions rule is not really about reducing air pollution. It's about forcing Americans to drive electric vehicles,'' said Rep. Cathy McMorris Rodgers, R-Washington, the chair of the House Energy and Commerce Committee.

She called the rule "unreasonable" and "just another example of how the Biden-Harris administration's rush-to-green agenda is handing China the key to America's energy future, jeopardizing our auto industry and forcing people to buy unaffordable EVs they don't want.''

New Jersey Rep. Frank Pallone, the top Democrat on the energy panel, called the House measure "yet another Republican effort to attack the Clean Air Act and roll back commonsense air pollution protections.''

The GOP action "puts the profits of corporate polluters over the health and safety of the American people,'' Pallone said, adding that resolution is "ripped right out of Trump's extreme Project 2025 playbook.''

Instead of focusing on funding the government, which is set to shut down at the end of this month, "Republicans are wasting time by bringing up this resolution they know has zero chance at becoming law,'' Pallone said, noting that even if the measure passes in the Democratic-controlled Senate it faces a certain veto from President Joe Biden.

"This is yet another example of Republicans failing to be serious about governing or working to implement policies that actually benefit the American people,'' Pallone said.

The House passed the measure, 215-191. Eight Democrats voted in favor, while one Republican, Rep. Brian Fitzpatrick of Pennsylvania, voted no.

Republican Rep. John James of Michigan, who sponsored the resolution, said the "out-of-touch regulation" would "crater the Michigan auto industry and decimate our middle-class and most vulnerable'' citizens.

"Folks in my district simply can't afford to spend an additional $12,000 on an expensive, unreliable EV,'' James said. "Allowing the Biden-Harris administration to continue stifling consumer choice will only harm the American people.''

The EPA rule applies to model years 2027 to 2032 and would avoid more than 7 billion tons of planet-warming carbon emissions over the next three decades, providing nearly $100 billion in annual net benefits, including lower health care costs, fewer deaths and more than $60 billion in reduced annual costs for fuel, maintenance and repairs, the EPA said.

Cars and trucks make up the largest single source of U.S. greenhouse gas emissions.

The new standards are designed to be technology-neutral and performance-based, EPA Administrator Michael Regan said, noting that there are "multiple pathways companies can choose to comply? with the rule. The EPA could achieve its carbon pollution goals even if sales of battery electric vehicles are as low as 30% in 2032, as long as stringent standards for gas-powered cars are met, he said.

Biden, who has made fighting climate change a hallmark of his presidency, cited "historic progress" on his pledge that half of all new cars and trucks sold in the U.S. will be zero-emission by 2030.

"We'll meet my goal for 2030 and race forward in the years ahead,? Biden said when the rule was issued in March.

Continue Reading...

Popular

Facebook and Instagram users in Europe can opt for less personalized ads

LONDON (AP) — Facebook and Instagram users in Europe will get the option to see less personalized ads if they don't want to pay for an , social media company Meta said Tuesday, bowing to pressure from Brussels over digital competition concerns.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Dogecoin Explodes For 86% Weekly Gain: What Is Going On?

Dogecoin's (CRYPTO: DOGE) monster rally has traders speculating about elevated price targets.

Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it

It's one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.

Microsoft Goes Nuclear -- All for AI - Ad

Tech billionaires like Bill Gates, Sam Altman, and Jeff Bezos have already poured over $3 BILLION into Small Modular Reactors (SMRs). Here's the key..a small company that holds a monopoly on the essential tech required to power SMRs, and already has a partnership with the U.S. Department of Energy.

One Tech Tip: How to prepare your online accounts in case you die

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

Trump's Win Marks a New Era for AI Stocks - Ad

With Donald Trump back in the Oval Office, Louis Navellier says the next wave of AI winners is already taking shape. Discover which stocks could benefit from his first moves.

Microsoft fires employees who organized vigil for Palestinians killed in Gaza

Microsoft has fired two employees who organized an unauthorized vigil at the company's headquarters for Palestinians killed in Gaza during Israel's war with Hamas.

Trump To Joe Rogan: 'Biggest Mistake' Was Trusting 'Bad' And 'Disloyal' People

On Friday night, "The Joe Rogan Experience" podcast hosted by Joe Rogan finally aired its long-awaited episode with Donald Trump

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc.

Colorado teen fights kidney failure after eating McDonald's Quarter Pounders

A 15-year-old high school freshman is hospitalized with severe complications of food poisoning after eating McDonald’s Quarter Pounder hamburgers three times in the weeks before was detected.

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Wendy's closing 140 more restaurants as part of push to update its locations

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

Iranian Hackers Leak Stolen Emails From Trump's 2024 Campaign Ahead Of Nov. 5 Election: Report

The hacking group, identified as Mint Sandstorm or APT42, was previously indicted by the U.S. Justice Department for alleged election interference.

$2 Trillion Disappears Because of Fed's Secretive New Move - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Washington governor OKs massive new wind farm and urges swift turbine approvals

OLYMPIA, Wash. (AP) — Washington Gov. Jay Inslee has approved a revised plan for a massive proposed wind farm after he rejected a sharply slimmed-down version earlier this year.

Are You Aware of the Fed's Secretive New Move? (Not Cutting Rates) - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

Joe Rogan Refutes Rumors Of YouTube 'Censoring' Trump Podcast Episode: 'It Should Be Fine Now'

Popular podcast host Joe Rogan has put to rest speculations that YouTube had suppressed an episode featuring former President Donald Trump.

Astera Labs Stock Is Ripping Higher Today: What's Going On?

Astera Labs Inc. (NASDAQ: ALAB) shares are trading higher Tuesday after the company posted strong third-quarter financial results. Here's what you need to know.

The Only Defense Stock You Should Be Watching - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Amazon Shares Surge In Pre-Market As Q3 Earnings Beat Expectations

This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% increase from the previous year.

Listen to business owners and voters in Erie, Pennsylvania. They could help decide the White House.

ERIE, Pa. (AP) — It wasn’t much when he bought it, but Michael Hooks has made the old garage his own haven. And the city of Erie knows it. Half a dozen cars honk as they pass by one October afternoon, the people hanging out of car windows to wave hello at him.

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Apple Q4 Earnings: Revenue Beat, EPS Beat, Installed Base Hits New Highs, iPhone Sales Rise As Apple Intelligence 'Supercharges' Product Lineup

Apple reported fiscal fourth-quarter revenue of $94.9 billion, beating analyst estimates of $94.56 billion. The iPhone maker reported fourth-quarter adjusted earnings of $1.64 per share, beating analyst estimates of $1.60 per share.

A Republican Sweep Might Be The Most Inflationary Election Outcome, Economists Warn

Economists warn of high inflation if Republicans win, due to tariffs, budget deficit and immigration policies.

The No. 1 Gold Play for 2025 - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $6.

Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replica

LOS ANGELES (AP) — doesn't think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence. But if they did, he would lawyer up — even posthumously.

Trump: Harris Presidency Would 'Guarantee' World War III

Donald Trump said Saturday that the election of Kamala Harris to the presidency could trigger World War III.

What Trump 2025 Means for Military Stocks - Ad

A recently tested new superweapon could defeat China and restore our nation's global dominance... And I predict it could send 5 military stocks soaring. But it gets much bigger... This one controversial move by President Trump could make this wealth-building opportunity bigger. You will not want to miss out this time.

A Palestinian-Israeli collective made one of 2024's most lauded docs. Will it be released in the US?

NEW YORK (AP) — Basel Adra, a Palestinian, and Yuval Abraham, an Israeli, spent five years making a movie that depicts daily life in Adra’s village under . The resulting film, has been hailed as one of the year's most powerful documentaries, winning prizes at international film festivals.

Final jobs report before election will likely offer a blurred view of labor market

WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

What's Going On With Oklo Stock Tuesday?

Oklo Inc. (NYSE:OKLO) shares are moving lower on Tuesday, pulling back from a recent surge in which several nuclear stocks rallied for multiple trading sessions. Despite the pullback, Oklo shares are still up approximately 175% over the past month. Here's what you need to know.

Dogecoin Up 79% In A Month, Nears $0.20 With 'Beautiful Bounce From Key Levels,' Analysts Say

Dogecoin (CRYPTO: DOGE) is up 79% over the past 30 days, with analysts predicting its uptrend to continue for the foreseeable future.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

AST SpaceMobile Stock Is Rising After Hours: What's Going On?

AST SpaceMobile shares are trading higher in after hours Wednesday after the company announces it secured an initial contract with the Space Development Agency as a prime government contractor.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service