Joe Biden on Thursday (28 July) hailed Inflation Reduction Act as a “historic agreement to fight inflation and lower costs for American families” and offered his full support for the bill. This bill is a $433bn reconciliation package negotiated by West Virginia Senator Joe Manchin and Senate Majority Leader Chuck Schumer. “It’s a big deal,” the US president said. The … [Read more...]
Officials announce unexpected climate and tax deal
In a surprise move, Sen. Majority Leader Chuck Schumer and West Virginia Sen. Joe Manchin announced a historic deal on climate, energy and health care costs – a major breakthrough for President Biden. Chief White House correspondent Nancy Cordes has details on the unexpected compromise. Each weekday morning, "CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson … [Read more...]