Sen. Joe Manchin (D-W.Va.) announced on Wednesday that he and Senate Majority Leader Chuck Schumer (D-N.Y.) had reached an agreement on a reconciliation bill that represents a pared-down version of President Biden's Build Back Better agenda.
Punchbowl News founder Jake Sherman reported that the reconciliation bill — which requires only 51 votes to pass — "deals with climate, energy, tax[es], and healthcare." According to The Washington Post, the legislation, known as the Inflation Reduction Act of 2022, includes "roughly $433 billion in new investments, much of which is focused on climate change and energy production."
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