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CNN CNN Newsroom With Ana Cabrera July 7, 2024

next up is the house, and they plan to take up the bill on friday. it s expected to pass, again, along party lines just as it did in the senate. once that happens, the white house plans to seize the momentum. while the president will be talking about this and explaining it absolutely to the american people and what it will look like is trying to explain in very practical terms why this matters for people s lives. the president will, our entire team will be out making the case. obviously right now we re focused on the last steps in this process, getting the bill through the house and to the president s desk for signature. let s go live to the capital and cnn s jessica dean. jes jessica, there are some wide-reaching provisions in this bill. lay it out for us. yeah, there s a lot in this bill. you mentioned that it s headed to the house. that s what comes next after senate democrats notched a big victory on something that frankly many of them didn t think they would ....

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

manchin earlier back in july, but now we do have this bill that has passed the senate. it is headed to the house. it has the biggest investment in climate ever to come out of congress and $369 billion. it also has a host of health care provisions in it, including expanding those affordable care act subsidies. for the first time ever, medicare will negotiate the price of some drugs that s going to cap out of pocket expenses at $2,000 for people on medicare, and also going to limit the cost of insulin, which is a popular drug that a lot of americans on medicare use for anybody on medicare, it s going to cap that at $35 a month, and puts in new tax provisions as well. chief among them, a 15% minimum tax on some of the largest corporations in america. that s a little bit of what s in the bill. it does go to the house where we are expecting it to pass and go to president biden s desk. victor, you alluded to this. it is really the latest in a string of victories for preside ....

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CNN The Lead With Jake Tapper July 7, 2024

cnn through the crime scene. plus, she s the one that we wanted and treasured. singer, actress, and icon olivia newton-john passes away. hello, and welcome to the lead. i m pamela brown in for jake tapper. we begin with our politics lead. president biden began his week on the cusp of a huge win for his party. the senate this weekend in a marathon voting session passed the democratic branded inflation reduction act strictly along party lines. every single republican voted against it. the bill now heads to the house. it is expected to pass along party lines there as well. and president biden could sign it into law as soon as friday. the massive $750 billion bill contains sweeping health care provisions, tax increases on wealthy corporations, and the largest climate investments in u.s. history. and this comes as the president and first lady tour eastern kentucky, where hellish flooding killed more than three dozen people and caused catastrophic damage to communities. ....

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CNN The Situation Room With Wolf Blitzer July 7, 2024

welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with president biden touting a significant win for his agenda, coming as the country struggles with inflation and he faces low approval ratings. let s get straight to the white house, our chief correspondent kaitlan collins is joining us. if this bill passes as it s expected to, it will be a much needed win for this president. yeah, wolf. and one that was kind of a surprise to a lot of democrats and even some white house aides whenever it was announced that senator manchin and senator schumer did have this deal. of course, that culminated yesterday when the snenate passd what is known as the inflation reduction act. it s a far cry from the build back better bill from a year ago, but it still does have significant proposals in it, including over $300 billion for climate change and energy reform, it also allows for the first time medicare ....

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CNN The Situation Room With Wolf Blitzer July 7, 2024

the world. i m wolf blitzer. you re in the situation room. tonight, president biden has started trying to convince voters that a much-needed victory for his agenda is a win for them as well. the senate approving the democrats flagship economic package. let s go to our chief white house correspondent, kaitlin collins. final passage is expected in the house of representatives later this week. it will be a very big moment for the president. reporter: it absolutely will, wolf, because it s been a very tough few months for this white house. so this is a welcome change of pace for many of the officials, including president biden as they are now cruising into what appears to be the passage of this major piece of legislation. you re right, going to the house later this week and then the white house hopes on to president biden s desk for his signature. while the bill is very different from what democrats were negotiating over just last summer, wolf, it is still something that ....

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