Analysts: Lawmakers likely to seek non-legislative solution to IRA woes

The Biden administration and Congress likely will work to find a non-legislative solution to lawmakers’ concerns about a developing Inflation Reduction Act-related trade pact with the European Union that has highlighted longstanding -- and farther-reaching -- balance-of-power tensions over trade policy, analysts said on Wednesday. Congress is “not happy, either procedurally or substantively,” about the arrangement, Georgetown University law professor Kathleen Claussen said on Wednesday during a Washington International Trade Association webinar about the developing pact, which is expected to...