reduction act, would be the largest investment in energy and climate programs in u.s. history. for the first time it would give medicare the power to negotiate prescription drug prices, cap medicare out-of-pocket costs at $2,000, and extend expiring health care subsidies for three years. but before any of that happens, it must get approval from the senate parliamentarian to proceed with a filibuster-proof reconciliation process, allowing democrats to pass the bill with just 50 votes. cnn s jessica dean is on capitol hill for us. jessica, where does the bill stand right now? reporter: well, now we are sitting around and waiting for it to make its way through this very complex budget procedure that you just kind of outlined there, frederica. but what we are anticipating is that the senate will gavel in in about an hour around noon. from there, they re going to they have to kind of get through all of these procedures. so what we ve learned in the last couple of hours, the
november? i ll also speak with a florida primary winner trying to become the first member of congress from generation z. and a proposal to tackle homelessness, forcing hotels to offer up empty rooms. but how do hotel guests and owners feel? a contentious debate playing out right now in a major american city. welcome to the lead. i m jake tapper. we start today with our money lead. a monumental announcement out of the white house today affecting tens of millions of americans. president biden laying out his decision to cancel $10,000 in student loan debt for borrowers who make less than $125,000 a year. some americans could see $20,000 in relief, and this move could completely wipe out student debt for one-third of borrowers. president biden is also extending the loan repayment freeze through the rest of the year. leading democratic lawmakers are hailing the president s move today, calling it, quote, a giant step forward in addressing the student debt crisis, but some key
bill: we have gotten a lot of this video in overnight. precision missile strikes blanketing the waters around taiwan, threatening the democratic republic that the u.s. considers to be a strong ally. dana? dana: china demonstrating its ability to bombard the island by air and sea. the show of force prompting taiwan to put its military on high alert and cancelled dozens of commercial flights. bill: beijing is conducting these drills closer to taiwan than ever before. some of them happening a mere 12 miles away. beijing surrounding the island with helicopters and war ships showing its ability to enforce what could be an all out blockade at some point. dana: meanwhile, republicans are blaming president biden. they say his mixed messaging on pelosi s visit gave china the green light. he sent the wrong message like he did to putin. let s invade a little portion of it. we should be very upfront at the very beginning. do not send a missile across. we should set a fine line
care decisions. now, this, of course, comes as the white house continues to deal with the fallout from the supreme court overruling roe v wade. in just a moment, we are going to see the president virtually address this issue executive order that he had issued. this is the second time he has done so since that historic decision. let me take you through some of the top headlines. he is directing the hhs to consider actions that would support women who now need to travel out of state to get some of these reproductive health care services, including through medicaid. another big one is directing the hhs to consider actions that ensure that health care providers comply with federal nondiscrimination laws. another is ordering the hhs to improve data collection related to maternal health. for a lot of these, the details are still forthcoming. the language you see in the fact sheet from the white house says he is directing the hhs secretary to consider what the possible actions are.
so here we start this hour by wishing all of you a very good today here from msnbc world headquarters here in new york. welcome to alex witt reports. again, we are going to keep a close eye on. thanks buckingham palace. but, before beginning with a brand-new insight into what issues matter most to voters. of, course just months ahead of the november midterms. and you from abc news and if ipsos shows the economic concerns are growing at only due to 61% of americans disapprove of how biden has handled the economy, but because most american faith, the, economy and gas prices are the top issues affecting how people will vote in the coming election. up next, making a case for our publicans should vote. the bottom line is there are two very clear in very different approaches here. there is our approach, which is to find solutions to invest in our supply chains, like we are doing with the infrastructure money in my department and in others, to do everything we can to lower costs