Aug 12 WATCH: Pelosi says Inflation Reduction Act is ‘historic and transformative’ By Associated Press Pelosi also commented on the retrieval of documents from former President Donald Trump's Florida estate, calling it a "very serious" situation. Continue reading
Aug 11 Sweeping climate bill will push American energy to go green By Seth Borenstein, Matthew Daly, Michael Phillis, Associated Press Congress is poised to pass a transformative climate change fighting bill. Friday's vote would be the first major climate package in the U.S. and would include close to $375 billion in spending. Continue reading
Aug 10 Watch 6:21 How the Inflation Reduction Act could affect your taxes By Lisa Desjardins, Courtney Norris There’s a $1 trillion gap between what Americans owe in taxes and what the government collects. The Democrats’ budget deal would unleash nearly 100,000 new IRS agents to round up all that missing money. Former IRS Commissioner John Koskinen joins… Continue watching
Aug 09 Watch 10:41 Senate Majority Leader Chuck Schumer discusses Democrats’ major climate and health bill President Biden on Tuesday signed the bipartisan CHIPS Act into law, just days before his top health care, tax and climate change bill known as the Inflation Reduction Act heads to the House, where it's likely to pass after proceeding… Continue watching
Aug 07 Watch 2:31 News Wrap: Cease-fire takes effect in Gaza after days of violent conflict In our news wrap Sunday, a cease-fire in Gaza has gone into effect after days of Israeli strikes and militant counterattacks, the U.S. Senate passed a sprawling bill to fight climate change and lower healthcare costs, Biden cleared from isolation… Continue watching
Aug 07 Watch 5:29 A look at the policies in the Democrats’ historic climate bill The Inflation Reduction Act is the largest investment in climate policy in U.S. history, including more than $300 billion to address global warming. It also sets a goal of reducing carbon emissions by 40 percent by the year 2030 and… Continue watching
Aug 07 Watch 5:47 How the Inflation Reduction Act aims to lower drug costs 48 million Americans get prescription drugs through Medicare Part D, but Medicare has had no ability to negotiate prices. A provision in the Inflation Reduction Act would change that in some cases. The bill would also cap out-of-pocket drug costs… Continue watching
Aug 05 Watch 6:19 Congress tries to cap insulin costs as diabetics ration supplies By Lisa Desjardins There is another proposal that could make it into the Senate budget deal that would cap the cost of insulin. More than 7 million Americans with diabetes use insulin and about 1 million put an enormous amount of their paycheck… Continue watching
Aug 04 Democrats reach agreement with Sinema on economic package, setting the stage for a Senate vote By Alan Fram, Associated Press Sen. Kyrsten Sinema, D-Ariz., a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions and was ready to “move forward” on the bill. Continue reading
Aug 04 WATCH: Biden touts Inflation Reduction Act during roundtable with business leaders By Associated Press Biden said the bill will "save the American people and Medicare hundreds of billions of dollars," while also making the "largest investment ever in clean energy and in American energy security."… Continue reading