BREAKING NEWS

President Biden signed a sweeping health, climate and tax law, cementing for Democrats a hard-fought win after more than a year of setbacks.

Tuesday, August 16, 2022 4:46 PM ET

The Inflation Reduction Act invests $370 billion in low-emission energy, extends federal health-insurance subsidies, allows the government to negotiate prescription drug prices for seniors on Medicare and is expected to reduce the deficit by about $300 billion over 10 years.

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