Economists say reconciliation bill will lower prices for all Americans

A group of more than 120 economists is backing the climate, health care and tax package that Senate Majority Leader Charles Schumer (D-N.Y.) will bring to a vote this week.

The economists said in a letter addressed to Schumer, Speaker Nancy Pelosi (D-Calif.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) that the Inflation Reduction Act will reduce prices for American families while making “crucial" investments in energy and...

Moody’s: Schumer-Manchin deal will ‘nudge’ economy, inflation ‘in the right direction’

The deal announced last week by Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) will “nudge the economy and inflation in the right direction” and “meaningfully” address climate change, a new analysis by Moody's Analytics found. 

The analysis comes at a critical moment when Schumer and Manchin are hoping to persuade the last hold-out Democratic senator to support the deal: centrist Sen. Kyrsten Sinema (Ariz.). 

The deal, which would rais...

Cornyn tests positive for COVID-19

Sen. John Cornyn (R-Texas) announced on Monday that he had tested positive for COVID-19, which could further complicate the math of floor votes for Republicans and Democrats at the start of a busy week for the Senate.

“After dodging it for 2+ years I’ve tested positive for COVID-19,” Cornyn wrote on Twitter.

“I’m fully vaccinated and boosted, and doing fine,” he said. “While quarantining I’ll continue to fight Chuck Schumer and Joe Manchin’s massive tax increase on wo...

This week: Senate Democrats race to finish tax and climate package — if Sinema signs on

Senate Democrats this week are looking to press ahead with the multi-trillion dollar climate, taxes and health care package announced last week — and crossing their fingers that Sen. Kyrsten Sinema (D-Ariz.) signs on.

The Senate is set to break for recess on Friday, giving lawmakers little time to get Sinema on board and bring the multi-trillion dollar spending bill over the finish line. The Arizona Democrat — whose support is needed to clear the package through budget reco...