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President Joe Biden will announce $7.3 billion in awards for more than a dozen rural electric cooperatives during a trip to Wisconsin on Thursday, as Democrats try to highlight efforts to combat inflation in a critical battleground state. #biden #trump #harris #politics The funding – spread across 16 cooperatives that serve rural residents and businesses across 23 different states – is expected to help underwrite the purchase of clean energy, as well as investments in transmission lines, substation upgrades, and software to help lower energy costs. The investments are the first tranche of funding from the Inflation Reduction Act, which Congress passed in 2022. Democrats hope the announcement can provide a boost across states where Vice President Kamala Harris, who has stepped up efforts to court rural voters in recent days, faces a tough battle against Republican presidential nominee Donald Trump. Read more: -------- Subscribe to our YouTube channel: Subscribe to Bloomberg Originals: Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: Breaking News on YouTube: @BloombergQuicktakeNow
