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Post Politics Now Biden signs sweeping climate, health-care and tax bill; Cheney expected to lose in Wyoming

President Joe Biden hands Sen. Joe Manchin (D-W.Va.) the pen used to sign into law H.R. 5376, the Inflation Reduction Act of 2022 in the State Dining Room of the White House. (Demetrius Freeman/The Washington Post)

Today, President Biden returned to Washington briefly to sign the Inflation Reduction Act, a sprawling bill that aims to lower prescription drug costs, address global warming, raise taxes on some billion-dollar corporations and reduce the federal deficit. A year and a half in the making, the legislation gives Democrats something else to tout heading into challenging midterm elections in November.

The president called the Inflation Reduction Act, “one of the most significant laws in our history” before signing the bill at a White House ceremony.

“Let me say from the start with this law, the American people won and the special interests lost,” he added.

Before Biden departed South Carolina, the White House announced that first lady Jill Biden has tested positive for the coronavirus.

Your daily dashboard

  • 1:50 p.m. Eastern time: Biden arrived at the White House from South Carolina.
  • 3:30 p.m. Eastern: Biden signed the Inflation Reduction Act at the White House. Watch here.
  • 7 p.m. Eastern: Biden left the White House en route to Delaware.

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