Three top Democratic campaign arms said Friday that they would set aside more than $1 million in contributions from former crypto golden boy FTX founder Sam Bankman-Fried, as first reported by The Washington Post. The groups plan to return the money to FTX customers as part of ongoing legal proceedings. The Verge reports: The Democratic National Committee and two top Democratic campaign groups announced the moves days after Bankman-Fried was arrested and charged with eight counts, including wire fraud and campaign finance violations. "Given the allegations around potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020," a DNC spokesperson confirmed in a statement to The Verge on Friday. "We will return as soon as we receive proper direction in the legal proceedings."

The Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee have also pledged to set aside the $103,000 and $250,000 each received from Bankman-Fried, respectively, according to The Post. Over the last two years, Bankman-Fried became one of the most prolific political megadonors in the US, contributing more than $40 million in personal donations to mostly Democratic campaigns and organizations. But shortly after FTX went bankrupt in November, Bankman-Fried told crypto reporter Tiffany Fong that he donated a similar amount of money to Republican groups as well.

While the extent of Bankman-Fried's GOP contributions has yet to be uncovered, Democratic candidates have been pressured to return any money they received from the crypto mogul. CBS News reported Thursday that most Democratic campaigns that received publicly disclosed contributions from Bankman-Fried have pledged to either return or donate the money to charity. Newly elected Rep. Maxwell Frost (D-FL) confirmed Wednesday that he would donate Bankman-Fried's contributions to his campaign to the Zebra Coalition, a Florida-based group servicing homeless LGBTQ+ youth. [...] Sens. Kirsten Gillibrand (D-NY), Tina Smith (D-MN), Alex Padilla (D-CA), and Bill Cassidy (R-LA) all received $5,800 from Bankman-Fried since last year and have either already donated or plan to donate the funds, according to CBS News.

CNN reports: Facebook's fact-checkers will need to stop fact-checking former President Donald Trump following the announcement that he is running for president, according to a company memo obtained by CNN.

While Trump is currently banned from Facebook, the fact-check ban applies to anything Trump says, and false statements made by Trump can be posted to the platform by others. Despite Trump's ban, "Team Trump," a page run by Trump's political group, is still active and has 2.3 million followers.... The carve-out is not exclusive to Trump and applies to all politicians, but given the rate fact-checkers find themselves dealing with claims made by the former president, a manager on Meta's "news integrity partnership" team emailed fact-checkers on Tuesday ahead of Trump's announcement. ...

The company has long had an exception to its fact-checking policy for politicians. "It is not our role to intervene when politicians speak," Meta executive Nick Clegg, a former politician, said in 2019, defending the exemption. The Meta memo sent to fact-checkers made clear that if Trump announced a 2024 presidential bid Tuesday night, he could no longer be fact-checked on the platform. The memo noted that "political speech is ineligible for fact-checking. This includes the words a politician says as well as photo, video, or other content that is clearly labeled as created by the politician or their campaign."

It concluded that "if former President Trump makes a clear, public announcement that he is running for office, he would be considered a politician under our program policies."

Andy Stone, a Meta spokesperson, said the memo was "a reiteration of our long-standing policy" and "should not be news to anyone...."

Meta plans on considering allowing Trump back on the platform as soon as January — two years since his initial ban.

According to documents recently declassified by the National Geospatial-Intelligence Agency (NGA), former President Donald Trump posted a classified satellite image of a failed rocket launch in Iran on Twitter in 2019. NPR reports: Now, three years after Trump's tweet, the National Geospatial-Intelligence Agency (NGA) has formally declassified the original image. The declassification, which came as the result of a Freedom of Information Act request by NPR, followed a grueling Pentagon-wide review to determine whether the briefing slide it came from could be shared with the public. Many details on the original image remain redacted -- a clear sign that Trump was sharing some of the U.S. government's most prized intelligence on social media, says Steven Aftergood, specialist in secrecy and classification at the Federation of American Scientists. "He was getting literally a bird's eye view of some of the most sensitive US intelligence on Iran," he says. "And the first thing he seemed to want to do was to blurt it out over Twitter." "[A]erospace experts determined the photo was taken by a classified spacecraft called USA 224, believed to be a multibillion-dollar KH-11 reconnaissance aircraft," adds Gizmodo. "The spacecraft is similar to the Hubble Telescope, but instead of getting a closer look at the stars, it views the Earth's surface."

An anonymous reader quotes a report from the Associated Press: Should California's richest residents pay higher taxes to help put more electric vehicles on the road? That's a question the state's voters are weighing in the election that concludes Tuesday. Proposition 30 would place a new 1.75% tax on incomes above $2 million, which is estimated to be fewer than 43,000 taxpayers. It would raise billions annually, with most going to help subsidize the purchase of electric vehicles and construction of charging stations. Twenty percent of the money would go toward boosting resources to fight wildfires. The ballot fight comes as California races to reduce emissions from transportation -- by far the largest source -- and meet its ambitious climate goals. Wildfires, meanwhile, are spewing more carbon into the air as they become larger and more destructive, threatening to set back the state's progress.

Though Democratic Gov. Gavin Newsom pushed for a policy that bans the sale of most new gas-powered cars in the state in 2035, he does not support Proposition 30. That's pit him against the state Democratic Party and a number of environmental and public health organizations. Newsom has called it a taxpayer-funded giveaway to rideshare companies, which under California regulations must ensure nearly all trips booked through their services are zero-emission by 2030. Lyft supplied most of the "yes" campaign's funding; competitor Uber has not taken a position.

Backers of the measure, including most major environmental groups, say the state needs a dedicated, robust source of funding to set up infrastructure that can handle more plug-in cars and to help Californians of all income levels to buy them. The money won't go exclusively to passenger cars; the state could also tap it to put cleaner delivery trucks, buses and even e-bikes on the roads. A portion of the money must go to help people in low-income or disadvantaged communities buy or access electric cars. [...] Rideshare companies like Lyft do not own the vehicles their drivers use, but they are still on the hook to ensure that trips booked through their app will be zero-emission. Proposition 30 does not include any provisions that exclusively benefit Lyft. But Newsom and other opponents say the measure would allow Lyft to rely on taxpayer dollars, not company money, to help its drivers transition to electric cars. Supporters of the measure, though, say an effort to raise taxes on the rich to boost electric vehicle adoption was in the works before Lyft got involved.

An anonymous reader quotes a report from the New York Times: The user on Gab who identifies as Nora Berka resurfaced in August after a yearlong silence on the social media platform, reposting a handful of messages with sharply conservative political themes before writing a stream of original vitriol. The posts mostly denigrated President Biden and other prominent Democrats, sometimes obscenely. They also lamented the use of taxpayer dollars to supportUkraine in its war against invading Russian forces, depicting Ukraine's president as a caricature straight out of Russian propaganda. The fusion of political concerns was no coincidence. The account was previously linked to the same secretive Russian agency that interfered in the 2016 presidential election and again in 2020, the Internet Research Agency in St. Petersburg, according to the cybersecurity group Recorded Future. It is part of what the group and other researchers have identified as a new, though more narrowly targeted, Russian effort ahead ofTuesday's midterm elections. The goal, as before, is to stoke anger among conservative voters and to undermine trust in the American electoral system. This time, it also appears intended to undermine the Biden administration's extensive military assistance to Ukraine.

"It's clear they are trying to get them to cut off aid and money to Ukraine," said Alex Plitsas, a former Army soldier and Pentagon information operations official now with Providence Consulting Group, a business technology company. The campaign -- using accounts that pose as enraged Americans like Nora Berka -- have added fuel to the most divisive political and cultural issues in the country today. It has specifically targeted Democratic candidates in the most contested races, including the Senate seats up for grabs in Ohio, Arizona and Pennsylvania, calculating that a Republican majority in the Senate and the House of Representatives could help the Russian war effort. The campaigns show not only how vulnerable the American political system remains to foreign manipulation but also how purveyors of disinformation have evolved and adapted to efforts by the major social media platforms to remove or play down false or deceptive content. The agencies urged people not to like, discuss or share posts online from unknown or distrustful sources. They did not identify specific efforts, but social media platforms and researchers who track disinformation have recently uncovered a variety of campaigns by Russia, China and Iran.

These are much smaller campaigns than those in the 2016 election, where inauthentic accounts reached millions of voters across the political spectrum on Facebook and other major platforms. The efforts are no less pernicious, though, in reaching impressionable users who can help accomplish Russian objectives, researchers said. "The audiences are much, much smaller than on your other traditional social media networks," said Brian Liston, a senior intelligence analyst with Recorded Future who identified the Nora Berka account. "But you can engage the audiences in much more targeted influence ops because those who are on these platforms are generally U.S. conservatives who are maybe more accepting of conspiratorial claims." Some characteristics of an inauthentic user to look out for include: no profile picture, no identifying biographical details, and posts exclusively on political issues that often include false or misleading posts and little engagement. They may also link to obscure websites like electiontruth.net, which Recorded Future said was almost certainly linked to the Russian campaign.

According to The Record, New Hampshire will pilot a new kind of voting machine that will use open-source software to tally the votes. The Record reports: The software that runs voting machines is typically distributed in a kind of black box -- like a car with its hood sealed shut. Because the election industry in the U.S. is dominated by three companies -- Dominion, Election Systems & Software and Hart InterCivic -- the software that runs their machines is private. The companies consider it their intellectual property and that has given rise to a roster of unfounded conspiracy theories about elections and their fairness. New Hampshire's experiment with open-source software is meant to address exactly that. The software by its very design allows you to pop the hood, modify the code, make suggestions for how to make it better, and work with other people to make it run more smoothly. The thinking is, if voting machines run on software anyone can audit and run, it is less likely to give rise to allegations of vote rigging.

The effort to make voting machines more transparent is the work of a group called VotingWorks. [...] On November 8, VotingWorks machines will be used in a real election in real time. New Hampshire is the second state to use the open-source machines after Mississippi first did so in 2019. Some 3,000 voters will run their paper ballots through the new machines, and then, to ensure nothing went awry, those same votes will be hand counted in a public session in Concord, N.H. Anyone who cares to will be able to see if the new machines recorded the votes correctly. The idea is to make clear there is nothing to hide. If someone is worried that a voting machine is programmed to flip a vote to their opponent, they can simply hire a computer expert to examine it and see, in real time.

An anonymous reader quotes a report from Reuters: The Republican National Committee (RNC) filed a lawsuit against Alphabet's Google on Friday for allegedly sending its emails to users' spam folders. The U.S. political committee accuses the tech giant of "discriminating" against it by "throttling its email messages because of the RNC's political affiliation and views," according to a lawsuit filed in U.S. District Court in California. "Google has relegated millions of RNC emails en masse to potential donors' and supporters' spam folders during pivotal points in election fundraising and community building," the RNC said in the lawsuit. Google rejected the claims.

Spam filters on email services typically weed out unsolicited "spam" messages and divert them to a separate folder. The RNC said that for most of the month, nearly all of its emails end up in users' inboxes but at the end of the month, which is an important time for fund-raising, nearly all of their emails end up in spam folders. "Critically, and suspiciously, this end of the month period is historically when the RNC's fundraising is most successful," the lawsuit said, adding that it does not matter whether the email is about donating, voting or community outreach. The committee said the "discrimination" had been going on for about 10 months despite its best efforts to work with Google. It said the alleged routing of its emails to spam folders had eaten up revenue and that more money would be lost in coming weeks as midterm elections loom. "As we have repeatedly said, we simply don't filter emails based on political affiliation. Gmail's spam filters reflect users' actions," Google spokesperson Jose Castaneda said in a statement. "We provide training and guidelines to campaigns, we recently launched an FEC-approved pilot for political senders, and we continue to work to maximize email deliverability while minimizing unwanted spam," he said, referring to the Federal Election Commission.

Further reading: US Approves Google Plan To Let Political Emails Bypass Gmail Spam Filter

Rishi Sunak will become Britain's next prime minister, prevailing in a chaotic Conservative Party leadership race on Monday after his remaining rival for the position, Penny Mordaunt, withdrew. He will be Britain's third leader in seven weeks and the first prime minister of color in its history. From a report: The 42-year-old former chancellor of the Exchequer who is the son of Indian immigrants, Mr. Sunak won the contest to replace the ousted Liz Truss, who resigned under pressure last Thursday after her economic agenda caused turmoil. Boris Johnson, the prime minister before Ms. Truss, pulled out of the race on Sunday night, clearing a path for Mr. Sunak, who challenged Ms. Truss last summer but lost in a vote of the party's members. As the only surviving candidate this time, Mr. Sunak was not subjected to another vote of the membership. It was a head-spinning reversal of fortune for Mr. Sunak, whose resignation from Mr. Johnson's cabinet in July set in motion the events that brought down his boss over a series of scandals and pitched Britain into weeks of political upheaval.

Prime Minister Liz Truss announced on Thursday that she would resign, just days after her new finance minister reversed virtually all of her planned tax cuts, sweeping away a free-market fiscal agenda that promised a radical policy shift for Britain but instead plunged the country into weeks of economic and political turmoil. From a report: "I cannot deliver the mandate on which I was elected," she said in brief remarks outside Downing Street. She said she had informed King Charles III that she was resigning as leader of the Conservative Party, and that she would remain leader and prime minister until a successor is chosen within a week.

Her departure, after only six weeks in office, was a shockingly rapid fall from power, and throws her Conservative Party into further disarray, following the messy departure of Boris Johnson from Downing Street over the summer. The announcement came minutes after Ms. Truss held an unscheduled meeting with Graham Brady, the head of a group of Conservative lawmakers known as the 1922 Committee that plays an influential role in selecting the party leader. Ms. Truss's political viability had become tenuous after her proposals for broad unfunded tax cuts roiled markets and sent the pound's value plunging. She suffered a grave blow on Monday, when her newly appointed chancellor of the Exchequer, Jeremy Hunt, said that the government was undoing the last vestiges of Ms. Truss's tax proposals. Financial Times adds: She will go down in history as Britain's shortest-serving prime minister, her government having collapsed in the wake of its failed "mini" budget of last month, which contained $50.6bn of unfunded tax cuts and triggered turmoil in the sterling and gilt markets.

An anonymous reader quotes a report from Motherboard: The Synthetic Party, a new Danish political party with an artificially intelligent representative and policies derived from AI, is eyeing a seat in parliament as it hopes to run in the country's November general election. The party was founded in May by the artist collective Computer Lars and the non-profit art and tech organization MindFuture Foundation. The Synthetic Party's public face and figurehead is the AI chatbot Leader Lars, which is programmed on the policies of Danish fringe parties since 1970 and is meant to represent the values of the 20 percent of Danes who do not vote in the election. Leader Lars won't be on the ballot anywhere, but the human members of The Synthetic Party are committed to carrying out their AI-derived platform.

Leader Lars is an AI chatbot that people can speak with on Discord. You can address Leader Lars by beginning your sentences with an "!". The AI understands English but writes back to you in Danish. Some of the policies that The Synthetic Party is proposing include establishing a universal basic income of 100,000 Danish kroner per month, which is equivalent to $13,700, and is over double the Danish average salary. Another proposed policy change is to create a jointly-owned internet and IT sector in the government that is on par with other public institutions.

The Synthetic Party's mission is also dedicated to raising more awareness about the role of AI in our lives and how governments can hold AI accountable to biases and other societal influences. The party hopes to add an 18th Sustainable Development Goal (SDG) to the United Nations SDGs, which are goals relating to issues such as poverty, inequality, and climate change, to be achieved by all nations by 2030. The Synthetic Party's proposed SDG is called Life With Artificials and focuses on the relationship between humans and AI and how to adapt and educate people to work with machines. [...] So far, The Synthetic Party has only 11 signatures out of the 20,000 that would make it eligible to run in this November's election. If the party were to be in the parliament, [...] it would be the AI powering policies and its agenda, and humans acting as the interpreter of the program. "Leader Lars is the figurehead of the party. Denmark is a representative democracy, so would have humans on the ballot that are representing Leader Lars and who are committed to acting as a medium for the AI," said Asker Staunaes, the creator of the party and an artist-researcher at MindFuture.

"People who are voting for The Synthetic Party will have to believe what we are selling ourselves as, people who actually engage so much with artificial intelligence that we can interpret something valuable from them," Staunaes said. "We are in conversations with people from around the world, Colombia, France, and Moldova, about creating other local versions of The Synthetic Party, so that we could have some form of Synthetic International."

The top executive of an elections technology company that has been the focus of attention among election deniers was arrested by Los Angeles County officials in connection with an investigation into the text, the county said on Tuesday. From a report: Eugene Yu, the founder and chief executive of Konnech, the technology company, was taken into custody on suspicion of theft, the Los Angeles County district attorney, George Gascon, said in a statement.

Konnech, which is based in Michigan, develops software to manage election logistics, like scheduling poll workers. Los Angeles County is among its customers. The company has been accused by groups challenging the validity of the 2020 presidential election with storing information about poll workers on servers in China. The company has repeatedly denied keeping data outside the United States, including in recent statements to The New York Times. Mr. Gascon's office said its investigators had found data stored in China. Holding the data there would violate Konnech's contract with the county.

An anonymous reader quotes a report from TechCrunch: Dubbed the Facial Recognition Act, the bill would compel law enforcement to obtain a judge-authorized warrant before using facial recognition. By adding the warrant requirement, law enforcement would first have to show a court it has probable cause that a person has committed a serious crime, rather than allowing largely unrestricted use of facial recognition under the existing legal regime. The bill also puts other limits on what law enforcement can use facial recognition for, such as immigration enforcement or peaceful protests, or using a facial recognition match as the sole basis for establishing probable cause for someone's arrest.

If passed, the bill would also require law enforcement to annually test and audit their facial recognition systems, and provide detailed reports of how facial recognition systems are used in prosecutions. It would also require police departments and agencies to purge databases of photos of children who were subsequently released without charge, whose charges were dismissed or were acquitted. [...] The bill has so far received glowing support from privacy advocates, rights groups and law enforcement-adjacent groups and organizations alike. Woodrow Hartzog, a law professor at Boston University, praised the bill for strengthening baseline rules and protections across the U.S. "without preempting more stringent limitations elsewhere."

An anonymous reader quotes a report from The Verge: The Federal Trade Commission is facing mounting pressure to block Amazon's proposed $1.65 billion purchase of iRobot, the company behind Roomba autonomous vacuums. In a letter (PDF) to FTC Chair Lina Khan on Thursday, a group of Democratic lawmakers argued that the proposed merger would unfairly bolster Amazon's dominance in the smart home market by acquiring one of the company's leading competitors. They also criticized Amazon's data privacy and security practices following past acquisitions of companies like Ring, including data sharing partnerships with over 600 law enforcement agencies across the country. "iRobot is a powerful market incumbent, and Amazon, given its vast resources, history of producing smart vacuums... and powerful platform, is an extraordinarily significant 'potential entrant' into the market," the lawmakers wrote on Thursday. "Amazon's ability to acquire iRobot would cause substantially less competition." Sen. Elizabeth Warren (D-MA) led Thursday's letter along with four other House lawmakers, including Rep. Pramila Jayapal (D-WA), who represents thousands of Amazon workers in Seattle.

Earlier this month, The Wall Street Journal reported that antitrust enforcers at the FTC were already reviewing the proposed deal. iRobot confirmed in recent securities filings that the FTC formally requested any documents outlining the proposed purpose and scope of the merger. "Given Amazon's record of infringing on consumers' privacy, and their ongoing history of anticompetitive mergers to increase their monopoly power, the FTC should use its authority to oppose the Amazon -- iRobot transaction," the lawmakers wrote. These investigations would be led by Chair Khan, whose criticisms of Amazon's market power led to her rise in prominence. Khan published a legal paper in 2017 arguing that the federal government may need to pass new antitrust statutes to properly address the market dominance of online tech platforms like Amazon.

TikTok says it plans to ban all fundraising activity soon -- only six weeks before the November midterm elections. The Verge reports: In a blog post, TikTok's president of global business solutions, Blake Chandlee, said the company would immediately turn off all advertising and monetization features, like gifting and tipping, for politicians and parties on the platform. Additionally, accounts belonging to governments, politicians, and political parties will have to apply for verification. Over the next few weeks, TikTok expects to roll out a sweeping ban on campaign fundraising altogether. The ban will prohibit politicians and parties from using the platform to direct viewers to their campaign websites to make donations. TikTok spokesperson Jamie Favazza told The Verge on Tuesday that the company plans to enforce these new rules "through a combination of technology and human moderation."

"We will work with governments, politicians, and political parties to verify their account either when they submit a verification request, or if we identify an account we believe belongs to a government, politician, or political party, we will confirm the authenticity of the account and begin the verification process."

Google is launching a pilot program to keep emails from political campaigns from going to users' spam folders this week, the company told Axios. From the report: Google asked the Federal Election Commission in June if a program that would let campaigns emails bypass spam filters, instead giving users the option to move them to spam first, would be legal under campaign finance laws. Despite hundreds of negative comments submitted to the FEC arguing against it, the FEC approved the program in August. Eligible committees, abiding by security requirements and best practices as outlined by Google, can now register to participate.

Google has come under fire that its algorithms unfairly target conservative content across its services, and that its Gmail service filters more Republican fundraising and campaign emails to spam. This is partly based on a study from North Carolina State University, though its authors say it has been misconstrued. "We expect to begin the pilot with a small number of campaigns from both parties and will test whether these changes improve the user experience, and provide more certainty for senders during this election period," Jose Castaneda, a Google spokesperson, told Axios. "We will continue to listen and respond to feedback as the pilot progresses." He added: "During the pilot, users will be in control through a more prominent unsubscribe button."

The US Federal Election Commission approved a Google plan to let campaign emails bypass Gmail spam filters. From a report: The FEC's advisory opinion adopted in a 4-1 vote said Gmail's pilot program is permissible under the Federal Election Campaign Act and FEC regulations "and would not result in the making of a prohibited in-kind contribution." The FEC said Google's approved plan is for "a pilot program to test new Gmail design features at no cost on a nonpartisan basis to authorized candidate committees, political party committees, and leadership PACs." On July 1, Google asked the FEC for the green light to implement the pilot after Republicans accused the company of giving Democrats an advantage in its algorithms. Republicans reportedly could have avoided some of their Gmail spam problems by using the proper email configuration. At a May 2022 meeting between Senate Republicans and Google's chief legal officer, "the most forceful rebuke" was said to come "from Sen. Marco Rubio (R-Fla.), who claimed that not a single email from one of his addresses was reaching inboxes," The Washington Post reported in late July. "The reason, it was later determined, was that a vendor had not enabled an authentication tool that keeps messages from being marked as spam, according to people briefed on the discussions."

President Joe Biden on Tuesday signed a bipartisan bill that aims to strengthen U.S. competitiveness with China by investing billions of dollars in domestic semiconductor manufacturing and science research. From a report: "Today is a day for builders. Today America is delivering," Biden said at the signing ceremony outside the White House. He was joined by a crowd of hundreds, including tech executives, union presidents and political leaders from both parties. The bill, dubbed the Chips and Science Act, includes more than $52 billion for U.S. companies producing computer chips, as well as billions more in tax credits to encourage investment in semiconductor manufacturing. It also provides tens of billions of dollars to fund scientific research and development, and to spur the innovation and development of other U.S. tech. The Biden administration also contended that the legislation will "unlock hundreds of billions more" in private spending in the industry. The White House said Tuesday that multiple companies, "spurred" by the chips bill, have announced more than $44 billion in new semiconductor manufacturing investments.

Slashdot reader Charlotte Web writes: At 3:02 p.m. EST, vice president Kamala Harris began presiding over the U.S. Senate. After a vote on the very last proposed amendment, the Senate heard these final remarks from Democrat Senate Majority Leader, Chuck Schumer on what he called "the boldest climate package in US history."

"It's been a long, tough, and winding road. But at last — at last — we have arrived. I know it's been a long day and long night, but we've gotten it done...."

"It's a game changer. It's a turning point. And it's been a long time coming.

"To Americans who have lost faith that Congress can do big things, this bill is for you... And to the tens of millions of young Americans who spent years marching, rallying, demanding that Congress act on climate change, this bill is for you. The time has come to pass this historic bill."

One by one, Senators delivered their votes for the official tally, and at 3:18 PST Harris announced that "On this vote, the yeas are 50, the nays are 50." And with the vice president casting deciding votes in an equally-divided Senate, "the bill as amended is passed."

And the Senate broke into spontaneous applause.

The bill now goes to the U.S. House of Representatives, which is expected to vote on it Friday.
As Slashdot reported last week: The bill helps U.S consumers buy electric vehicle chargers, rooftop solar panels, and fuel-efficient heat pumps. It extends energy-industry tax credits for wind, solar and other renewable energy sources -- and for carbon capture technology. In fact, most of its impact is accomplished through tax credits, reports the New York Times, "viewed as one of the least expensive ways to reduce carbon emissions.

"The benefits are worth four times their cost, according to calculations by the Energy Policy Institute at the University of Chicago." One example is ending an eligibility cap on the $7,500 tax credit for consumers buying electric vehicles.

White House adviser Tim Wu, who worked to shape the Biden administration's agenda to increase economic competition, is set to leave his position in the coming months, Bloomberg News reported Wednesday, citing people familiar with the move. From a report: Wu is expected to return to antitrust law at Columbia Law School after serving as special assistant to the president for technology and competition policy since March 2021. He was the key architect behind President Joe Biden's executive order to bolster competition last year, which included 72 initiatives by more than a dozen federal agencies. The administration focused on improving competition within industries including technology, health care and agriculture.

A proposed $369 billion bill would have far-reaching impacts on America's energy landscape — and in a wide variety of ways. The Washington Post took a close look at its tightly targetted energy-industry tax subisidies. "The goal? To make new green energy production cheaper for utilities to build than fossil fuel plants are." But others benefit too:

The bill contains numerous smaller measures aimed at specific parts of the economy with high emissions: $20 billion for agriculture subsidies to help farmers reduce emissions, $6 billion to reduce emissions in chemical, steel and cement plants, and $3 billion to reduce air pollution at ports.
Yet how do you convince a congressman from a coal-producing state? Politico explores what changed the mind of one of the legislation's last hold-out votes and convinced West Virginia Senator Joe Manchin that "The next generation of clean tech needed Washington's backing to take off."

Brandon Dennison, CEO of the economic development organization Coalfield Development, said he'd argued that the legislation offered a way for the coal-producing region to "stay an energy state.... If we want to benefit from the investments and the jobs that are going to come with that transition, we need to be part of the proactive solutions and policies rather than constantly playing on defense." Jason Walsh, executive director of the BlueGreen Alliance, a coalition of labor and environmental groups, said several West Virginia companies pushed Manchin to back the credits as well — even suggesting failure to pass the bill imperiled their plans to invest in new operations. "There were folks who I can't talk about who are directly involved in potentially developing clean energy manufacturing in the state of West Virginia where site visits had happened where all they needed was a set of investments," Walsh said. "And that communication happened as well."

A senior executive with a utility operating in Appalachia said that his company communicated with Manchin how aspects of the bill such as tax credits to build clean energy manufacturing plants at former coal sites and incentives for developing small nuclear reactors and hydrogen would help West Virginia's economy. "We know coal plants are ultimately going to close," the executive said. "What is going to replace them? What are the jobs? What are we transitioning to? In this case, we are going to explore hydrogen, new nuclear and get manufacturing in the state."

Form Energy, a battery storage startup backed by Gates' Breakthrough Energy Ventures and which has plans for a West Virginia manufacturing hub, walked Manchin's staff through its growth trajectories with and without the proposed suite of legislative incentives, a person directly familiar with the interaction said. That person said Form Energy officials showed the differences on a graph. Its investors — including Gates — also called to assuage Manchin's concerns over disbursing the tax credits to companies through a direct pay system rather than using tax equity markets.