10 things you need to know today: August 8, 2022

The Senate passes a sweeping climate and health bill, Ukraine accuses Russia of strikes at nuclear power plant, and more

Chuck Schumer
(Image credit: Kent Nishimura/Los Angeles Times via Getty Images)

1. Senate passes sweeping climate, health bill

The Senate on Sunday passed a spending bill that includes an unprecedented $400 billion to reduce greenhouse gas emissions. The legislation also includes health provisions, including reduced prescription drug costs for the elderly. It offsets the spending with a new tax on some corporations currently paying nothing to the federal government, and other tax changes. Democrats scaled down the bill from President Biden's $2.2 trillion Build Back Better package after long negotiations with moderate Democratic Sens. Joe Manchin (D-W.V.) and Kyrsten Sinema (D-Ariz.), and renamed it the Inflation Reduction Act. Democrats pushed it through the Senate with no Republican votes using a process known as reconciliation. House Speaker Nancy Pelosi (D-Calif.) said the House would "move swiftly" to pass the bill.

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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.