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12:00ET/17:00BST: Pres Biden To Speak On Inflation Reduction Act


12:00ET/17:00BST: President Biden will deliver remarks this afternoon on the Inflation Reduction Act, negotiated by Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) yesterday.

  • The remarks will be available to watch here:
  • For more information see the report published by the MNI Political Risk team this morning:
  • The White House released a short statement yesterday following the surprise Schumer/Manchin announcement.
  • White House: "This afternoon, I spoke with Senators Schumer and Manchin and offered my support for the agreement they have reached on a bill to fight inflation and lower costs for American families... I will have more to say on this later. For now, I want to thank Senator Schumer and Senator Manchin for the extraordinary effort that it took to reach this result. If enacted, this legislation will be historic, and I urge the Senate to move on this bill as soon as possible, and for the House to follow as well."

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