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Al Jazeera
Al Jazeera
Business

US Senate approves bill to fight climate change, cut drug costs

Joe Biden Inflation Chuck Schumer Joe Manchin Kyrsten Sinema Climate Change Medicare IRS
Vice President Kamala Harris waves as she departs the Senate after passage of the Inflation Reduction Act at the U.S. Capitol August 7, 2022 in Washington, DC [Drew Angerer/Getty Images via AFP]

Democrats in the United States have passed a sweeping $430bn bill intended to fight climate change, lower drug prices and raise some corporate taxes, in a major victory for President Joe Biden.

The package, known as the Inflation Reduction Act, passed the Senate on Sunday by a 51-50 party line vote with Vice President Kamala Harris casting the tie-breaking ballot.

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