House Dems pass $370 billion Inflation Reduction Act

ABC News published this video item, entitled “House Dems pass $370 billion Inflation Reduction Act” – below is their description.

The bill is a cornerstone of President Joe Biden’s economic agenda. It is the largest investment in fighting climate change in U.S. history. It will also help lower prescription drug costs for some.

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About This Source - ABC News

American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.

ABC News is primarily broadcast from the Times Square Studios in New York City.

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In This Story: Climate Change

Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.

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In This Story: Inflation

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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