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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

west is water conservation. every single drop counts from here on out. wow. bill, thank you for explaining all that. the situation is obviously very dire. they need to find a way to compromise. thank you very much for explaining it to us. top of the hour on cnn newsroom. it s good to have you. this hour we expect to see the president at the white house. he ll sign a bill into law that one adviser calls a culmination of the administration s effort towards building the economy. the inflation reduction act as it s called makes historic investmentes in the fight against climate change. it gives medicare more negotiating power with prescription drug companies. and it imposes new taxes on some of america s biggest corporations. cnn chief white house correspondent kaitlyn collins joins us live now. so democrats consider this a significant victory. they didn t get everything they wanted here. it s not everything they wanted. and it s very different than the build back ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:42:00

mr. president, you know how much you meant to my late wife emily. who three years ago lost her 30-year battle with diabetes. if she were here today, she would be beyond joy, celebrating the $35 per month cap on insulin and the $3,000 annual cap on out of pocket costs for medicare patients. she will also rejoice in three year extension for affordable care act subsidies and the authorization of medicare to negotiate some drug prices. emily had adequate health insurance. but many of our neighbors and her friends did not. mr. president, you took office ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:53:00

Congress. this law, this law that i m about to sign finally delivers on a promise that washington has made for decades to the american people. i got here as a 29-year-old kid. we were promising to make sure that medicare would have the power to negotiate lower drug prices back then. back then, prescription drug prices, but guess what, we re giving medicare the power to negotiate those prices now. on some drugs. thiamines seniors are going to pay less for their prescription drugs. while we re changing circumstances for people on medicare by putting a cap, a cap of a maximum of $2,000 a year on their prescription drug costs, no matter what the reason for those prescriptions are. that means if you re on medicare, you ll never have to pay more than $2,000 a year no matter how many prescriptions you have, whether it s for cancer or any other disease. no more than $2,000 a year. and you all know it because a lot of you come from families that need this. this is a godsend. ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:02:00

Build back better bill, the proposal we were talking about just last summer. but, of course this is a far cry from what democrats thought they were going to get. they were worried they were not going to get anything at all. negotiations really stalled between the more progressive and moderate members of the democratic party. certainly in the senate and, of course, it was last month when that surprise announcement came from nor schumer and manchin that they had an agreement on this this really changed everything and led to the senate passing, house passing this last friday which is culminated here today with president biden going to put his signature on this bill and sign it into law. and so what you re going to see on the other side of this is the white house trying to sell this bill to voters to make sure they know what s in it. because they want to make this argument that this is one of the biggest legislative achievements that you ve seen congressional democrats have in some time no ....

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