Business Standard

Monday, December 23, 2024 | 12:36 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Biden's $430-billion climate and drug deal gets Senate's approval

Schumer said the legislation contains "the boldest clean energy package in American history" to fight climate change

President Joe Biden speaks about the latest round of mass shootings, from the East Room of the White House in Washington, Thursday, June 2, 2022. Biden is attempting to increase pressure on Congress to pass stricter gun limits after such efforts fail
Premium

US President Joe Biden

Reuters
The US Senate passed a sweeping $430-billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections.

After a marathon, 27-hour session of debate and Republican efforts to derail the package, the Senate approved the legislation known as the Inflation Reduction Act by a 51-50 party line vote, in which Vice President Kamala Harris cast the tie-breaking ballot.

The action sends the measure to the House of Representatives for a vote, likely on Friday when

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in