Buttigieg emphasizes inflation alleviation and new flight procedures while promoting new grant
Fox News
Secretary of Transportation Pete Buttigieg spoke about the Inflation Reduction Act and measures being taken to alleviate passengers' concerns regarding flight cancellations.
Haley Chi-Sing is a Fox News Digital production assistant. You can reach her at @haleychising on Twitter.
Buttigieg said the act will help lower costs for Americans, as the annual inflation rate has reached 9.1% for the past 12-month period that ended in June, according to data published in July by the U.S. Department of Labor. The Congressional Budget Office has stated that the Inflation Reduction Act would have a "negligible" effect on inflation in 2022, and very little effect on inflation in 2023, depending on other factors like the Federal Reserve.
But Buttigieg said the act would help alleviate the pain of inflation by lowering the costs of things like prescription drugs, insulin for Medicare subscribers, home utility bills, and electric vehicles.