Sen. Toomey: Doubtful Manchin Bill Will Reduce Deficit

Bloomberg Politics published this video item, entitled “Sen. Toomey: Doubtful Manchin Bill Will Reduce Deficit” – below is their description.

US Senator Pat Toomey, a Pennsylvania Republican, says he won’t support the Inflation Reduction Act even if it does reduce the deficit. He speaks during an interview with David Westin on “Bloomberg Markets.”

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About This Source - Bloomberg Politics

Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Pennsylvania, officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, and Appalachian regions of the United States.

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