Watch Live: Biden and Democrats tout new climate, tax and health care law at White House
CBSN
Washington — President Biden and Democratic lawmakers are gathering Tuesday at the White House to celebrate passage of the Inflation Reduction Act, the new tax, climate and health care law that Democrats hope will help propel them to victory in November's midterm elections.
The president and Vice President Kamala Harris are speaking on the White House South Lawn to hail the enactment of the $750 billion piece of legislation, which Mr. Biden signed last month. The White House waited until Congress returned from summer recess to hold a formal ceremony celebrating the law.
The House and Senate passed the bill along party lines. The law provides $369 billion to fund energy and climate projects aimed at reducing carbon emissions by 40% in 2030, the most significant investment fight climate change in history.
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Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds. Edited by Alain Sherter
Washington — The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law, delivering a significant blow to the president's signature economic policy.
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