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.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.