Biden Will Sign the Inflation Reduction Act Today. Here’s MarketWatch’s Rundown: MW

Inflation and deficits: Whether the bill will live up to its name is a subject of fierce debate. In an analysis released Friday, the Penn Wharton Budget Model found the measure would reduce deficits by $264 billion over a decade. The same study concluded that the impact on inflation is “statistically indistinguishable from zero.”

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