translator: we don t want to keep going through this. every year there are strikes. this is where the next phase of the war will be won or lost, in trenches like this. live from london, this is cnn newsroom with max foster. it is monday, august 8, 9:00 a.m. here in london, 4:00 a.m. in washington where new life is being breathed into president biden s domestic agenda after senate democrats finally passed their sweeping climate health care and tax plan officially known as the inflation reduction act. vice president kamala harris cast the deciding vote after a deadlock along party lines. on this vote the yeas are 50, nays are 50. the senate being equally divided, the vice president votes in the affirmative and the motion is agreed to. the measure represents the largest climate investment in u.s. history with $370 billion to combat climate change. it also makes major changes to health policy such as giving medicare the power to negotiate some drug prices and it imp
debating the idea of allowing medicare to negotiate for prescription drug price, but it will mean millions of americans can actually access those prescriptions they need at lower costs. we ve been trying for decades to address the climate crisis in the way we need. what that means for families is lower energy costs, lower utility bills. this bill now heads to the house of representatives. president joe biden could sign it into law as early as friday. we will have much more on the impact of this proposed legislation in just a moment. hugely consequential weekend. president biden and the first lady headed to kentucky this morning. the two are expected to visit flood-ravaged parts of the state. they will speak with families devastated by these storms. we know at least 37 people were killed after heavy rain led to widespread flooding last week. rescue workers continue to search for the missing. let s begin, though, this morning with president biden s major legislative win.
hell of a lot more bills. we ll sort through the republican s successful removal of a proposed $35 cap on insulin in the private market. and president biden and the first lady are in eastern kentucky surveying the damage from last week s floods. we ll have live coverage. and there are renewed concerns either potential nuclear catastrophe for ukraine and europe after weekend shelling near europe s largest nuclear plant in ukraine with the international atomic energy agency sounding the alarm of the very real risk of a nuclear disaster. we begin with ali vitale and jillian tet. 11:29 p.m. saturday night they finished after 4:00 sunday afternoon. reporter: this whole process from the time they started with the motion to proceed vote on saturday until the moment they passed it on sunday was about 22 hours continuously of work in the senate. this is a building that s rarely working on the weekends and certainly not stretching for 22 hours at a time. but that s what it to
hours. what s the latest? democrats are now on pace to pass this bill, probably within the hour. this after a marathon voting session that started at 11:30 p.m. eastern time last night, has gone all through the night into the afternoon, and after some last-minute drama, within their own caucus, democrats have resolved those issues, and now are pushing ahead to final passage. that drama caused by concerns initially raised by kyrsten sinema of arizona. the 15% corporate minimum tax. she was concerned it could impact some smaller companies. it s supposed to hit companies that have a billion dollars or more in income. but she had concerns about companies that were subsidiaries of those that were owned by private equity firms. she wanted to exempt those subsidiaries. she agreed to a republican amendment that targeted this, that narrowed this corporate minimum tax, exempted those subsidiaries. but democrats were revolting over this because of the way that republican amendment wou
recession. the recession will deepen. it is inevitable, there is no way out. carley: larry kudlow sure about that, i m carley shimku . todd: i d todd piro. carley: new polling shows republicans hold 3-point edge on the ballot. both sides are equally motivated to vote. alexandria hoff is like with details. alexandria: good morning, the president is back in washington and must contend with the frustration of the american people. build back better plan has been knocked down into smaller bits. west virginia senator joe manchin said he would not support a plan that includes new taxes to fund climate initiatives. he didn t abruptly do anything. people like manchin and kyrsten sinema who are intentionally sabotaging the president s agenda. i do not know why senate majority leader chuck schumer allows manchin to be chair of the energy committee. alexandria: senator manchin fears new spending would exacerbate inflation. here is fox news sunday yesterday. inflation is u