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...

Toomey says Manchin-Schumer deal is ‘gimmick’ with ‘very dubious’ projections

Sen. Pat Toomey (R-Pa.) on Sunday cast doubt on Democrats’ claims that a newly announced climate, health care and tax package would reduce the deficit and inflation, instead calling its cost projections a “gimmick.”

During an appearance on CBS’s “Face the Nation” with guest moderator John Dickerson, Toomey said the projected revenues from tax changes will be accrued over 10 years, while the projected expenses assume the package’s health care subsidy extension will ultimately e...

Progressives need to stop making plans around ending the filibuster

The Supreme Court’s radical shift to the right — sharply narrowing states’ ability to regulate firearms or prevent religious coercion in schools, hobbling federal efforts to fight climate change and public health threats, overruling Roe v. Wade, and much more — has brought even more insistent demands for abolishing the filibuster. Doing so now seems to be the first step in most prominent progressives’ plans for correcting what the court and the Trump administration have done or for safe...

Toomey says ‘Joe Manchin has been taken to the cleaners’ on climate deal

window.loadAnvato({"mcp":"LIN","width":"100%","height":"100%","video":"7873242","autoplay":false,"expect_preroll":true,"pInstance":"p1","plugins":{"comscore":{"clientId":"6036439","c3":"thehill.com","version":"5.2.0","useDerivedMetadata":true,"mapping":{"c3":"thehill.com","ns_st_st":"hill","ns_st_pu":"Nexstar","ns_st_ge":"TheHill.com","cs_ucfr":""}},"dfp":{"adTagUrl":"https://pubads.g.doubleclick.net/gampad/ads?sz=1x1000&iu=/5678/nx.thehill/just_in/landing&ciu_s...

Manchin says Sinema not involved in bill talks because he ‘didn’t think it would come to fruition’

Sen. Joe Manchin (D-W.Va.) on Sunday said the reason lawmakers such as Sen. Kyrsten Sinema (D-Ariz.) were not brought into negotiations on a climate, health care and taxes deal that he struck with Senate Majority Leader Charles Schumer (D-N.Y.) was that he feared it wouldn't come to "fruition."

The deal would require the support of all 50 Senate Democrats, placing Sinema, who was not involved in the behind-the-scenes negotiations, in close scrutiny until she announces a positi...

Biden promotes health care proposals in reconciliation package on Medicare, Medicaid anniversaries

President Biden emphasized the provisions on health care in the health, climate and tax package that is set for a Senate vote in a statement recognizing the 57th anniversaries of the creation of Medicare and Medicaid. 

Biden said in the statement that the legislation, called the Inflation Reduction Act, will maintain the eligibility improvements to the Affordable Care Act that were included in the American Rescue Plan, which saved 13 million Americans an average of $800 p...