What You Need to Know About the Manchin-Schumer Deal

The proposal would raise an estimated $739 billion, with the revenues going to fund climate and health initiatives, as well as to reduce the federal budget deficit.

By Laura Davison, Ari Natter & By Alexander Ruoff | July 28, 2022 at 04:04 PM

Photos of Sens. Chuck Schumer and Joe Manchin.

Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate, and healthcare deal on Wednesday, in what could prove to be major breakthrough after weeks of negotiations.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

News

1 Trudeau Government Has Likely Blown Past Fiscal Anchor

2 Yields on New China Dollar Bonds Fall Below Treasuries in Debut

3 ‘Rates Will Be a Lot Lower’ in 12 to 18 Months

4 2025 Alexander Hamilton Award Finalists

5 2024 Alexander Hamilton Awards: Operational Risk Management

Real Estate
GlobeSt. Healthcare Real Estate 2024
December 02, 2024 - Scottsdale

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!
More Information
Insurance
ThinkAdvisor LUMINARIES Awards 2024
December 11, 2024 - Las Vegas

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.
More Information
Insurance
Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
More Information

Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Trudeau Government Has Likely Blown Past Fiscal Anchor

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

By Ameya Karve, Finbarr Flynn and Lorretta Chen | November 18, 2024

Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

By Catarina Saraiva and Laura Curtis | November 18, 2024

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Instant Insights /