Senate Democrats’ climate bill includes $3 billion in loans and grants for electric transmission projects—money that, in addition to tax incentives for electricity generators, would break down a significant barrier to a large-scale clean energy rollout, advocates said.

The corporate minimum income tax passed by the Senate has prompted questions from tax professionals on implementation and raised concerns about how it will impact financial accounting rulemaking.

Read more: Biden predicts reconciliation bill will boost Democrats in midterms. A closer look at what the tax, climate, and health care package means for labor. The IRS is under pressure to change proposed estate tax rules.

President Joe Biden signed into law a broad competition bill Tuesday that includes about $52 billion to boost domestic semiconductor research and development, calling it a “once-in-a-generation investment in America itself.”

After two years of surging surpluses, state budgets are well prepared to weather the headwinds of rising inflation and slow economic growth, Fitch Ratings said in a report released Monday.

President Joe Biden raised the final pillar of his economic agenda with the Senate’s passage of a breakthrough climate and tax package, sealing a legacy that risks being undermined by an inflation surge he’s blamed for sparking.

Tacked on to the vast majority of climate-focused tax incentives that make up the reconciliation deal brokered by Senate Democrats are bonuses that can be unlocked if certain labor standards are met.