chuckat schumer, released a joi statement, with senator manchin saying that theem west virginia democrat will now support, not oppose, but yes, support the democrats rt big new budget dea. despite objecting to it, just two weeks ago. now, we don t have all the details yet, but a one-page summary says that the deal will make progress in some pretty big areas. including a 15% minimum tax on corporations, along with other provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. decreasing energy production and decreasing carbon emissions over the next 40%. which would be huge. and 725 pages. obviously, this is not a done deal yet reactions from other democratic members of congress have ranged from cautious optimismge to outright frustratn at having apparently been kept out of t
interest rates in hopes of slowing inflation. and this morning, a key report could provide a better outlook on our economy s health. meanwhile on capitol hill, senator joe manchin finally agrees to a major deal on climate, health care, and taxes, and we ll break down what s in that reconciliation package. and potential prisoner swap for brittney griner, the state department says there s a substantial offer to bring the wnba star, and another american, back home. good morning, and welcome to way too early on thursday, july 28th. i m jonathan lemire. thanks for joining us. after nearly a year of, a year and a half of on and off negotiations, democratic senator joe manchin says he has reached a deal with party leaders on a sweeping reconciliation package. in a statement yesterday, that surprised even most democrats on the hill, the west virginia lawmakers announced an agreement on what is being called the inflation reduction act of 2022. writing in part this, this bill
conversation, maybe you should do more than just raise it it with him and maybe oppose him. maybe that s just me. maybe the modern american conservative movement is just orb with fascism and racism. that does it for us tonight. we ll see you again tomorrow. way too early with jonathan lemire is coming up next. i do not think the u.s. is currently in a recession. and the reason is, that there are too many areas of the economy that are performing you know, too well, and of course, i would point to the labor market in particular. 2.7 million people hired in the first half of the year. it doesn t make sense that the economy is in a recession with this kind of thing happening. so i don t think the u.s. economy is in recession right now. federal reserve chairman jerome powell standing firm on the state of the u.s. economy. it comes as the fed again hikes