10 things you need to know today: July 28, 2022

Manchin and Schumer reach a deal on a health and climate spending package, the U.S. proposes a prisoner exchange to free Brittney Griner, and more

Sen. Joe Manchin stands outside a Energy and Natural Resources committee hearing earlier this month
Sen. Joe Manchin stands outside a Energy and Natural Resources committee hearing earlier this month
(Image credit: Bill O'Leary/The Washington Post via Getty Images)

1. Manchin, in reversal, agrees to health and climate spending plan

Sen. Joe Manchin III (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-N.Y.) announced Wednesday they had reached a deal on a health-care and climate spending package. The agreement signaled a possible breakthrough after more than a year of negotiations that collapsed several times. Democrats could try to advance the legislation next week. The deal, a pillar of President Biden's economic agenda, calls for about $433 billion in new spending, mostly to fight climate change. Manchin, a moderate from a coal-producing state, and Schumer agreed to tax-law changes, including a new corporate minimum tax and Internal Revenue Service investments to catch tax cheats, to raise $739 billion over a decade. That would offset the bill's cost and reduce the deficit, a Manchin priority.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us