Heather Cox Richardson: “The introduction of the Inflation Reduction Act caps what has turned out to be a spectacular week for the Biden administration. Jobs numbers out today showed not the downturn that many expected, but instead the addition of 528,000 new jobs, restoring the U.S. job numbers to where they were before the pandemic and putting unemployment at 3.5%, the lowest rate in 50 years. The United States Chips and Science Act (CHIPS) and the Promise to Address Comprehensive Toxics Act (PACT) have both passed Congress. The president authorized and troops achieved the killing of al-Qaeda leader Ayman al-Zawahiri. And gas prices have hit a 50-day low.”
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