Controversial Energy Bill Passes Congress, Sparking Fears for US AI Future and Power Costs
Controversial Energy Bill Passes Congress, Sparking Fears for US AI Future and Power Costs A contentious energy bill, backed by President Donald Trump and dubbed the ‘One Big Beautiful Bill,’ was narrowly approved by Congress on July 3, with the House concurring in a 218–214 vote. This landmark legislation is poised to significantly curtail clean-energy tax credits, a move that critics warn could severely impact the nation’s energy infrastructure, drive up electricity costs, and jeopardize America’s competitive edge in the…