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.

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What You Need to Know About the Manchin-Schumer Deal

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1 Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

2 Fed’s Focus Has Returned Firmly to Inflation

3 Fed Lowers Interest Rates by a Quarter Point

4 Fabricating a Treasury Function from Scratch to Support an $18 Billion Business

5 U.S.–Euro Rates Gap Is Set to Widen Again

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