WASHINGTON — President Joe Biden and congressional Democrats are touting the “Inflation Reduction Act” as their big election year triumph, a major way of getting soaring prices to come down.
But don’t look for any radical plunge in prices anytime soon. In the future, probably, but not now.
The Senate Sunday passed the Democratic-authored spending and tax package called the “Inflation Reduction Act” Sunday. It now goes to the House, which is expected to consider it Friday.
