President Joe Biden has signed the Inflation Reduction Act, a $740-billion bill that largely focuses on clean energy and climate resiliency, deficit reduction and health care, funded through tax changes.

The White House announced a new Office on Clean Energy Innovation and Implementation to coordinate the policymaking process for the energy and infrastructure provisions of the Inflation Reduction Act of 2022, legislation that has been called the single biggest climate investment in U.S. history.

President Joe Biden this morning delayed his planned departure for Europe to announce a framework for the Build Back Better Act, a $1.75 trillion plan that the president said he was confident could pass both houses of Congress.