President Biden claims landmark law known as Inflation Reduction Act will boost economy on its first anniversary

President Joe Biden has used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to an American public.

Two decades ago Brazil, Russia, India and China came together to form an economic group called BRICs. We talk to the former Goldman Sachs economist, Jim O'Neill who came up with the acronym.

And we hear about how twenty vintage Ferraris bought by a collector from a dusty old barn are now being auctioned off in Sotherbys in California.

Picture: US President Joe Biden speaks on the anniversary of the Inflation Reduction Act. Source: EPA/ Michael Williams.