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Transcripts For KNTV NBC Bay Area News At 11AM 20220728

Considered a recession. The president argues other Critical Data including employment numbers are still robust. In a speech minutes ago he urged a senate vote today on the inflation reduction act, which lowers healthcare costs, reduces the deficit, and makes an historic investment in climate change. It gives folks rebates to purchase new and efficient appliances, to weatherize their homes, and tax credits. It also gives consumers a tax credit to purchase any electric vehicle or fuelcell vehicle new or used. We have a live look at wall street right now where you see the Dow Jones Industrial is up considerably, over 365 point so far. The treasury secretary is echoing the president s remarks of not being in a recession. It is important to note the National Bureau of
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