President Joe Biden signs a historic piece of legislation. It lower healthcare costs for millions of Americans.

It addresses the climate problems as well. The deal also covers the environment and tax package for democrats.

The bill signing event took place at the White House. Joe Biden hopes this will serve the American people and any special interests lost.

Its other name is the Inflation Reduction Act. Law approved by Senate of the party-line and the House. 

The discussions for the Inflation Reduction Act's passage have taken place among Democrats for more than a year since the Build Back Better Act. 

The inflation Reduction Act is the outcome of negotiations between Chuck Schumer and Manchin. The law reduces the US emissions by 40% by 2030 compared to 2005 levels.

It lowers the premium for consumers who purchase government insurance, known as Obamacare, the Affordable Care Act marketplace.

To read about legislation in detail...

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