HomeBusinessSenate passes sweeping climate, health and tax package, putting Democrats on cusp...

Senate passes sweeping climate, health and tax package, putting Democrats on cusp of historic win

U.S. Senate Majority Leader Chuck Schumer (D-NY) holds a news conference to tout the $430 billion drug pricing, energy and tax bill championed by Democrats at the U.S. Capitol in Washington, U.S. August 5, 2022. 

Jonathan Ernst | Reuters

WASHINGTON — Senate Democrats narrowly passed a sweeping climate and economic package on Sunday, putting President Joe Biden and his party on the cusp of a big legislative victory just three months before the crucial November midterm elections.

After a marathon overnight Senate session, the 51-50 vote was strictly along party lines, with all Republicans voting no and all Democrats voting yes. After Vice President Kamala Harris cast the tie-breaking vote, Democrats stood and applauded.

The legislation, dubbed the Inflation Reduction Act, now heads to the House, which plans to return from its summer recess on Friday, pass the legislation and send it to…

Read more at www.cnbc.com

RELATED ARTICLES
- Advertisment -

Most Popular