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The Latest Breaking News from Chuck Schumer

Manchin spending deal includes billions in oil import taxes

WASHINGTON — The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Sen. Joe Manchin could cost billions in new taxes.

Tribune News Service

Bumps, bipartisanship in long fight for semiconductor bill

President Joe Biden will soon be signing into law a major bill to revive the U.S. computer chip sector

The Independent UK

Volatility Of Cannabis Stocks: Schumer's Bill Was A 'Hail Mary', But Industry Has Other Catalysts – Experts Explain

This was a very challenging year for pot stocks. Year-to-date, AdvisorShares Pure US Cannabis ETF (ARCA:MSOS) dropped 54.01%, AdvisorShares Pure Cannabis ETF (ARCA:YOLO) declined 57.46%, compared to SPDR S&P 500 (ARCA:SPY) which lost 13.61%.

Benzinga

From analysis to the latest developments in health,
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The 'Inflation Reduction Act' Won't Actually Reduce Inflation

But it will hike taxes, including on Americans earning less than $200,000 annually.

Reason

Five things to watch this week as the Senate tries to pass major climate and tax bill

Democrats need to get every member of their caucus on board to pass the Inflation Reduction Act

The Independent UK

Veteran Affairs secretary bemoans GOP amendments to burn pits bill: ‘Let’s just get it done’

’I can’t, in good conscience, do that, because the outcome of that will be rationing of care for vets, which is something I just can’t sign on,’ VA Secretary Denis McDonough said

The Independent UK

Manchin pitches Democrats’ tax-climate bill to silent Sinema

Senator Joe Manchin, the architect of the Democrats’ new tax, climate and drugs bill, made a public pitch to his colleague Kyrsten Sinema to get on board with the legislation, arguing that it doesn’t raise taxes.

Tribune News Service

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Ted Cruz fist bump upsets backers of bill to help veterans sickened by burn pits

WASHINGTON — As the Senate voted this week on a bill that would help veterans sickened by toxic fumes from burn pits in Iraq and Afghanistan, Sen. Ted Cruz, R-Texas, was standing near the front of the room chatting with colleagues.

Tribune News Service

Dems seem headed, finally, toward triumph on climate, health

It’s been more than a year in the making and has seen plenty of ups and downs

The Independent UK

Sinema indicates she may want to change Schumer-Manchin deal

Sinema has leverage and she knows it.

Axios

Editorial: New budget deal would be a big win for Congress — and the country

Rather unexpectedly, the 117th Congress is shaping up to be one of the most productive in recent memory. A new compromise reached by Sen. Joe Manchin and Senate Majority Leader Chuck Schumer could prove to be its most significant achievement yet.

Tribune News Service

The Senate passed a bill to help sick veterans. Then 25 Republicans reversed course

Veterans groups are slamming GOP senators for blocking a bill that would have given health care and benefits to veterans affected by from toxic chemicals and burn pits in wars dating back to Vietnam.

WEKU

Climate experts experience an odd sensation after the Manchin budget deal: optimism

Democrats in Congress look ready to pass legislation with significant climate change elements that push the country closer to President Biden's ambitious goals.

WEKU

Basement talk, virtual handshake led to Manchin-Schumer deal

Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin had been wrestling for more than a year over President Joe Biden’s big rebuilding America package

The Independent UK

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Axios

Democrats moving full steam ahead on Manchin's spending bill

House leaders are preparing to call lawmakers back to Congress the week of Aug. 8.

The Independent UK

Build Back Manchin: Here’s what is included in the monster spending deal agreed to by Democrats

Tons of money for renewable energy, lease sales for drilling in Alaska and the Gulf of Mexico and prescription drug pricing.

The Independent UK

Schumer rallies Democrats after surprise deal with Manchin

Senate Majority Leader Chuck Schumer has told fellow Senate Democrats they now have an opportunity to achieve two “hugely important” priorities on health care and climate change after the deal he struck with Sen. Joe Manchin

The Guardian - US

Biden hails ‘most significant legislation to tackle climate crisis’ after Manchin says yes – as it happened

President lauds ‘huge step forward’ for his domestic agenda after deal between Manchin and congressional Democrats

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The Guardian - US

Anger as Republicans block bill to help military veterans exposed to toxins

Jon Stewart, who has lobbied for bipartisan bill to expand healthcare for veterans, condemns ‘stab-vets-in-the-back senators’

Benzinga

Benzinga Before The Bell: Apple's Latest Move For Self-Driving Car Project, Monkeypox Is A National Emergency, Spirit-Jet Blue Merger And Other Top Financial Stories Thursday, July 28

Reuters

Benzinga

What Does The New Senate Deal Mean For Tesla, Toyota And Other Automakers?

Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin have agreed to vote on the “Inflation Reduction Act of 2022,” which has at its core measures to tackle inflation including paying down national debt and lowering energy and healthcare costs.

Axios

Schumer-Manchin deal gives new life to climate legislation

Biden's target for emissions cuts could be within reach — if it passes.

Benzinga

Biden's Plan To Tackle Inflation Gets A Fresh Lease Of Life As Manchin Comes To Terms With Democrats

Senator Joe Manchin III (D-WV) said in a statement Wednesday that he would vote for the Inflation Reduction Act of 2022 — the name of a law that addresses inflation, lowering energy and healthcare costs.

Chicago Sun-Times

Federal bill to legalize marijuana would help, not hurt, the illicit market

California’s experience shows why burdensome taxes and regulations, as in Sen. Chuck Schumer’s proposed bill, would drive consumers away from the legal pot market.

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

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