• By The Financial District

U.S. Senate Passes $430-B Bill

The US Senate on Sunday passed a sweeping USD430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes.


Photo Insert: The Senate approved the legislation, which is also known as the Inflation Reduction Act of 2022, in a 51-50 vote, with the tie-breaking vote being cast by Vice President Kamala Harris. This win comes after The PACT Act got the thumbs up.



Following a marathon debate, the Senate approved the legislation, which is also known as the Inflation Reduction Act of 2022, in a 51-50 vote, with the tie-breaking vote being cast by Vice President Kamala Harris, according to an Anadolu wire report.



All Republican senators stood against the bill, claiming this would worsen the economy.

The 755-page bill, which was defined as "the political and economic success” of the Biden administration before the Nov. 8 midterm elections, now goes to the House of Representatives, where it is expected to pass on Friday.



WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic



Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat