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U.S. Democrats pass sweeping tax and climate package

Published

3 years ago

August 8, 2022

Senate Democrats have officially passed their sweeping inflation reduction package, with Vice President Kamala Harris confirming the vote

The long-awaited $740 billion tax, health care and climate change legislation was approved on Sunday afternoon after a full night and morning of renegotiations.

It will raise taxes on corporations, tackle climate change, lower prescription drug costs and reduce the nation’s deficit.

Many viewed the bill as dead in the water, but it was brought back to life when controversial Senator Joe Manchin and Majority Leader Chuck Schumer struck a deal.

Renamed the Inflation Reduction Act, Schumer says this is one of the defining legislative feats of this generation.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Climate report warns of rising heat deaths and property losses

Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

Published

48 minutes ago

September 15, 2025

Ahron Young

Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

In Short:
– Climate change could cause hundreds of deaths and $500 billion decline in property values in Australia.
– Increased extreme weather events may lead to rising insurance costs and potential uninsurability of homes.

A government report warns that climate change could lead to significant challenges for Australia, with hundreds of deaths expected from heat-related illnesses.

Property values may decline by up to $500 billion as homes risk becoming uninsurable due to extreme weather events.

The assessment by the Albanese Government forecasts increased frequency of floods, cyclones, and bushfires.The report anticipates over a thousand potential heat-related fatalities in Sydney and Melbourne if action is not taken.

The projected increase in heat-related deaths in Australia’s capital cities, as outlined in the report. Picture: Climate Risk Assessment

Rising sea levels and extreme weather are expected to escalate insurance costs, making coverage unaffordable or unavailable.

Climate Change and Energy Minister Chris Bowen acknowledged that many Australians will find these projections distressing, but they underscore the urgency of addressing climate change.

Changes in total annual freight costs by Local Government Area in a 2090 scenario, compared to 2024. Picture: Australia’s National Climate Risk Assessment

Property Risks

Projected increases in heat-related deaths are particularly concerning. For instance, at a 1.5-degree rise in temperatures, heat-related mortality in Sydney could increase by 103%, reaching about 450 deaths annually at a 3-degree rise.

Coastal flooding days are expected to increase significantly in major urban areas, necessitating critical intervention.

News

The Coalition reshuffles after record low poll

Coalition hits record low vote in Newspoll, prompting a significant frontbench reshuffle by deputy leader Sussan Ley.

Published

2 hours ago

September 15, 2025

ticker NEWS

Coalition hits record low vote in Newspoll, prompting a significant frontbench reshuffle by deputy leader Sussan Ley.

The Coalition has slumped to a record low primary vote in the latest Newspoll, sparking a major frontbench reshuffle by deputy leader Sussan Ley.

The shake-up, which includes sacking Jacinta Nampijinpa Price and elevating James Paterson, is being seen as a high-stakes attempt to stabilise the Opposition amid internal rifts.

#Coalition #AusPol #Newspoll #TickerNews

News

Trump pushes NATO on Russia sanctions

Trump ready to impose sanctions on Russia, urges NATO to halt oil purchases and consider tariffs on China.

Published

2 hours ago

September 15, 2025

ticker NEWS

Trump ready to impose sanctions on Russia, urges NATO to halt oil purchases and consider tariffs on China.

President Donald Trump says he is prepared to impose sweeping sanctions on Russia, but only if NATO allies act in unison by halting oil purchases from Moscow.

He has also urged the bloc to consider tariffs on China, arguing this would weaken Beijing’s support for Russia once the war ends.

#Trump #Russia #NATO #Sanctions #TickerNews