Congress OKs Dems' Climate, Health Bill, A Biden Triumph

The House passed the $740 billion Inflation Reduction Act, aiming to lower healthcare costs, combat climate change, reduce the deficit, and raise taxes on large corporations. The bill, negotiated by Senate Majority Leader Chuck Schumer and Senator Joe Manchin, includes $300 billion for climate change and energy provisions, Medicare prescription drug price negotiations, and a 15% corporate minimum tax. Despite Republican opposition, the bill passed with all Democrats voting in favor. It now awaits President Biden's signature.

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