it's a big deal also for the 1st time in a long time, began to restore fairness to the facts code began to restore fairness by making the largest corporate nations of large corporation, america. pay their fair share with any without any new taxes on people making under $400000.00 a year. experts, even some experts who have criticized my administration in the past agreed and this bill. this bill will reduce inflationary pressures on the economy. this bill will, in fact reduce inflationary pressure and economy. it's a bill, a cost that will cut your cost of living and reduce inflation for it lowers the deficit. it strengthens our economy for them and the long run as well is bill has want to support of climate leaders like former vice president al gore, who said the bill is quote, long overdue and a necessary step to ensure the united states takes decisive action on the climate crisis that helps our economy and provide leadership for the world. by example.

inflation hawks like former secretary, treasury, larry summers said quote, this bill is fighting inflation resent this bill is fighting inflation progressively. there's like center elizabeth warren said, quote, this bill, this is a bill that truly is about fighting inflation, bringing down the cost for families and putting our country on a sounder economic foot. here's how it works. first, the bill finding deliveries on a promise that washington has made for decades to the american people were given medicare recovery, medicare, the power to negotiate for law, prescription drug prices, which means singers and consumers will pay less for their prescription drugs. medicare will save in the process about $290000000000.00 and edition. it also changes circumstance for people on medicare by putting a cap of a maximum 2000 dollars year. is there have to pay no more than $2000.00 a year?

no matter how many prescriptions they have for all the prescription drugs, which is especially important for people with cancer and long term diseases is a godsend. and literally a godsend for many families. and have 2nd, the bill locks in place, lower health care premiums for the next 3 years. for millions of families that get coverage under the affordable care act. they will mean an average savings of $800.00 a year for $13000000.00 people. 3rd, in invest $369000000000.00. granted, i call for $500.00 plus, but invest $369000000000.00 to secure energy future and address climate crisis bringing down family energy bills by hundreds of dollars by providing working families, tax credits. it gives folks rebates,

buy to buy new and efficient appliances to whether either homes and tax credits for heat pumps and rooftop solar. it also gives consumers a tax credit to buy any electric vehicle or fuel cell vehicle, new or used, and a tax credit for up to $7500.00. if those vehicles were made in america. this investment environmental justice is real and also provides tax credits that will create thousands of good paying jobs, manufacturing jobs, and clean energy construction projects, solar projects. when projects clean hydrogen projects, carbon capture projects, and more by giving tax credits for those who bill. these projects here in america, and let me be clear, this bill would be the most significant legislation history to tackle the climate crisis and improve our energy security right away. and give us a tool to meet the climate goals that are set that we've agreed do by cutting

emissions and accelerating clean energy a use step forward forth. this bill requires the largest corporations to begin to begin to pay toward their fair share and taxes by put in place a 15 percent corporate minimum tax. now, i know you've never heard me say this before. will come as a shock to you, but $55.00 for the fortune $500.00 companies paid no federal income tax in 2020. and i only heard me say that about $10000.00 times, but the fact is a paid no taxes on an income collective income over $40000000000.00. oh, guess what this bill ends there is couldn't they're going to have to pay a minimum of 15 percent tax on that $40000000000.00 or whatever the number turns out to be 5th. this package to reduce the federal deficit by over $300000000000.00 . already on my watch deficit come down my 1st year by

$350000000000.00. and a record $1.00 trillion dollars the end of this fiscal year. now that this bill is going to keep that progress going. yes. so say again, this legislation will bring down the deficit. bring down the deficit. the 64 and i want to make is this bill will not raise taxes. anyone making less than 400000 dollars year and i promise a promise i made during the campaign and one which that i had went that i've kept a lot. i know it can be sometimes seem like nothing is done in washington. and oh, never cross any of your minds, but the work of the government can be slow and frustrating and sometimes even infuriated. then the hard work of hours and days and months from people who refused to give up pays off. history is made, lives are chaise. with this legislation. we're facing up to some of our biggest

problems and we're taking a giant step forward as a nation. at the end just happened on this is what i'm this inflation reduction bill. it also happened yesterday when the senate made the bi partisan decision as a nation to invest in america's manufacturing technology of semiconductors and additional funding for basic research and development and the cutting edge industries of the 21st century. if house passes this bill, i think speaker, i want to thank the speaker pelosi, i think she's going to get done for leadership here. it has, it has added to the benefit it has the added benefit of creating tens of thousands of good pain, additional good paying jobs. lori inflation skew have us ability, the ability not only to compete with china for the future, but to lead the world. and when the economic competition of the 21st century, you've heard me say a 1000 times, we have to invest in research, development and growth. i hope that the house is gonna fastest build

a day. my plea is put politics aside. get it done. we need to lower the cost of automobiles, appliances, smartphones, consumer electronics, and so much more. and you can't do it. all these things are powered. must deputies in our lives of power by these semiconductors and tiny computer chips, the size of the finger now to look wish passes to day get moving. i know the compromise on the inflation bill doesn't include everything that i've been pushing for, for since i got to office, for example, i'm going to keep fighting for in the future to bring down the cost of things for working families and middle class families that matter by providing for affordable, accessible things like affordable child care, affordable elder care preschool cause the cost to preschool, housing, keeping students with the car, helping students, the cost of colleagues, closing health care coverage gap. now it's

a fancy way of saying health care coverage gap. expanding medicaid and stays, refused to do it. and more. look, this bill is far from perfect. it's a compromise. but it is as often how progress is made by compromises. and the fact is that my message to congress is this. this is the strongest bill you can pass to lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis and program promote energy security all the time while reducing the burdens facing working class and middle class families. so passive, passive, for the american people. passive for america are more to say this later. i want to thank a liter schumer and imagine jo manson sat imagine for extraordinary effort it took to reach this result. thank you. and let me speak to one other issue. let me speak

to one other issue. the g d p, and whether or not are we are in a recession, bows chairman pal, and many of the, um, significant a bang him personnel, an economist say we're not in recession. but let me just give you what the facts are. in terms of the stated economy, number one, we've a record job market of record, unemployment of 3.6 percent. today we've created 9000000 new jobs so far, just as become president, business or investing in america record rates at record rates. foreign business, i guess k and others are investing in america. hundreds of millions and millions of dollars, some total. $100000000000.00 in the semiconductor investments already announced by

intel, samsung and texas estimates more than $100000000000.00 electric vehicle battery investments by ford, general motors. hon day tesla and more. and just last week, as it had s k corporation of republic, a korean awesome 22000000000 dollars in new investment and semiconductor batteries, charges and medical devices created another 16000 jobs here in america. and this is powering the strongest rebound in american manufacturing, in over 3 decades. crating, 613613000 manufacturing jobs. passing the chips bills going to put another $72000000000.00 for incentives and tax credits to expand semi conductor production. in the inflation reduction act, or add another $370000000000.00 in clean energy tax credits and reconciliation. including incentives to accelerate domestic production of solar

panels, wind turbines, batteries, and critical materials processing that does sound like recession to me. thank you very much. oh, that is of course us president joe biden is talking primarily about the inflation reduction acts and he's really encouraging the house to pass it today. bill, he says that will reduce inflationary pressure on the economy. cut the cost of living on things like, hey, giving medicare, the availability to negotiate, to keep costs down on predict. prescription drugs are locking in lower health care premiums are rebates and tax credits focused on renewable energy. so investing into trying to tackle the climate crisis. he called it the most significant bill in history to try and tackle the climate crisis. i. he then also addressed the g d. p . figures which have come out today. and the big question of, are we in a recession for more on that?

let's bring in mike hannah, who's in washington, d. c. mike. so he did mentioned those g d p numbers and the r word recession. so are we in a recession? well, the biden administration is absolutely adamant that we are not and so 2 is the chairman of the federal reserve board. now the fact that the g d p has dropped for 2 quarters in a row has preceded previous recessions. but what is also preceded previous recessions is a drop in the unemployment rate. and now this is why the data is exceedingly confused. because in the 1st few months of this year, they have been some 2 and a half 1000000 jobs added to the economy. there is an absolutely escalating employment which is not what happened before previous recession. so the data is confusing, but the president and his administration, and if i said the chairman of the federal reserve board,

absolutely adamant that there is no recession, what they are, what we are seeing at the moment. according to these g, d, p figures as the administration, and the fed is a flattening out of growth. now that was accelerated growth in the recovery post covered pandemic. that what's essential says the administration to slow down, and this is what we're seeing. they did not want the economy to go too hot. what they wanted is what the economists refer to as a soft landing to come through a recovery process into one of transition and then to be able to stabilize the economy without losing any jobs or without increasing employment too much. so it's a complicated process, but a short answer to your question is, according to the administration and the federal reserve board, there is no recession. right. thank you very much for that of them. i kinda live for us in washington dc. the family of murdered elders are journalists,

serene. barclays, says demanded accountability during talks with the us secretary of state, the family met with secretary of state and the blinking only of this week. they say they've made it clear that a thorough, credible, independent, and transparent investigation is needed. sure. he was shot in the head by the way, the forces, while she was on assignment in the occupied westbank. in may. any family of us citizen who is skilled abroad expects the government to put its resources behind an investigation. this is the very least the by the administration must do. they cannot rely on israel's word. war criminals cannot investigate their own crimes. to many palestinian families suffer every day as our families suffering. now. they all deserve to live in safety with their families. they all deserve justice. they all deserve freedom. chaperones, it was at that new conference in washington and joins me now live she hub. so it really seems like a maximum pressure campaign from the family sharina bought

a family to ensure that there is some level of accountability they will not give up. they say they weren't, they say they're not naive. they say that they have seen in the past how the us always gives cover to these early government. and these really military, whenever it kills with impunity. but know they're going to try this times hard as they possibly can. that's why they're in washington. they came to washington, it's true. anthony lincoln gave a rather blankets a blanket invitation to the family. they welcome to come and see me when joe biden refused to go and see them. when he was in the middle east, they called the administration of law. they came here without an appointment, but as you blink and the secretary of state came here on monday. a, an article appeared in one of the rather influential political magazines here in washington. and then they got that appointment and we have lincoln shortly after that they met with lincoln on tuesday. from what we can tell. he promised to find

accountability. listen a tweet after he sent off to that meeting. he, we, he said he would push you accountability for sharina, quite tragic killing. but he told them, however, he was giving them no, no commitment to any to any investigation. and in fact, the times of israel just last saturday, added to the ministration official. tell them that there is no intention of administration to open an investigation and independent investigation, but that's not something a family from trying. so they would congress today they have the support over 80 members of congress now for an independent investigation. and we learned today that our next meeting will be of the department of justice, human rights division. that's one of the bodies who could mount the investigation which as we. busy heard over and over again from the family and for him as a congress is standard. whenever a us citizen is killed abroad, especially, and circumstances like this, unless israeli government is responsible shepherd towns, the thank you as president joe biden is on the phone call with chinese

leadership paying amid rising tensions, i just want that it will take what it calls, forceful measures if the speaker of the us house of representatives visits taiwan next month. if the truck goes ahead, nancy pelosi will be the highest ranking american politician to visit the island since 1997. china considers taiwan part of its territory. now. whitehouse correspond kimberly hawk it joins us now live from washington. d. c. kimberly. so we just heard from president biden there he didn't mention anything about the school that we know how it all went. we're still waiting for a read out from the us side. although we have had one from the chinese government side and the message still loud and clear that the chinese government is not keen on having nancy pelosi how speaker visit shine. it is very much i hoping that the united states will adhere to what it calls the one china policy. we should point

out that that is also u. s. policy to recognize that taiwan is part of the broader china i. and so to that end, even if dance, you pelosi, the house be her, were to visit ty, wine, and this is something that is rumored to be possible. she is scheduled to visit singapore indonesia as well as japan in august that she would be going there to show potentially economic support, even military support. what complicates this visit, what does upset china is the fact that under us law there is this potential that if there were any sort of confrontation, the us under us law is obligated to defend high watt. and that's where things get a little sort of murky and difficult. and the potential for escalation is, is obvious. and so that's what this, the phone call was about is the 5th call between these 2 world leaders. it was

about try to tamp down these tensions and in addition to the travel that was discussed, there were also other major concerns that have been percolating between these 2 nations for some time backdoor espionage that's embedded in chinese goods sold in the united states of escalating trade tape for tat tariffs, as well as the concerned by the united states that china has not condemned russia's invasion of ukraine. so these are all, some of the diplomatic disputes that exist. but it is this most eminent issue of whether or not nancy pelosi will travel. we should point out, the pentagon is discouraging it at this time. but at the same time, congress is a co equal branch of the white house in terms of government. it's not up to the white house to say whether or not she travels, even as it is advising against it. kimberly obviously nancy pelosi is well aware of what this trip would mean and the potential for escalation. why then is she,

is she even considering going to taiwan? well, you know, there are a lot of domestic politics at play. i nancy pelosi is a member of the house of representatives, and she represents many of asian americans who feel that it's important to recognize ty, wine in its own sort of democratic rights. and so this is something that is important to her as she recognizes those interests of her own constituents. add to that there's sort of an economic issue that's at play here as well. and so there are a number of domestic issues. in fact, some would say that nancy pelosi is really playing to domestic interests and this is creating a bit of a foreign policy challenge for the biden administration. and so i, it is a bit of a delicate situation. one that has made it difficult for joe biden, given the fact that nancy pelosi is

a high profile member of his own democratic party indeed are at. kimberly, how can i white house correspondent, thanks so much for that. grain export from ukraine are expected to begin in the next 24 hours. 25000000 tons awaiting and ukrainian ports where they've been stuck since russia invaded. that's caused food shortages and price hikes around the world . the un humanitarian chief motto, griffiths, says, the plan is in place for the shipment in and that's it's encouraging. we are hopeful, of course, planning, but hopeful for the 1st ship movements to take it within days her for to morrow. out of those votes, there are vessels, of course, in those ports with great on board, ready to move. they will be the 1st to move, and then we will start having ships going in, inspected. i'm going on. hanjin is in the port city of odessa. he says ukrainian

farmers are reluctant to send their grain. there is, is one of 3 ports where those grain shipments will be leaving from and they are where that grain is being stored right now. this is odessa, the 1st shipments are expected to go from turner mores, and then there would be shipments from pick denny as well. now there's been an inspection site where presumably the russian officials who can take control some of those areas will, will be inspecting those ships. but there's also been a corridor mapped out south down the coast on the black sea. that is theoretically a safe corridor by the region of odessa has been struck a couple of times. and that leaves some of the farmers who were shipping this grain uncomfortable. we talked to one yesterday in northern ukraine who said that they were going to store their grain on site in containers at their farm because they just don't feel it safe yet. so those 1st shipments will really be

a test as to whether other farmers are going to follow suit in iraq, the main pro iran parliamentary block says it will go ahead with the nomination of mohammad also dani for prime minister as despite the storming of parliament by opponents on wednesday night, a protest says was supporters of the influential shia cleric, mercado al santo is cast himself as a critic of both the iranian and american influences in iraq. or ben manley has mall, ah, a shoe of descent in the hall to political decision making in baghdad. brutus is taken over the speakers plain and m p 's, benches. they support as the influential shia cleric booked out of solder. he says he does not want mohammed also done to be the next prime minister. this was over the phone by that is brenda supporters from other provinces stormed the green zone. parliament are in good numbers. it seems to me that there is

no escalating, this protesting movement, so to speak. he basically wants to the swatch of the candidate for the cream, your shirt. this is how they got into the heavily fortified greens. a undeterred by water cannon protest is tore down the cement bloss, who's surrounding a 10 kilometer stretch of the city, 100 pounds, with apparent ease, forcing their way down the main thoroughfare towards parliament. there they remained until sunday, instructed them to withdraw. in a tweet, he described it as a revolution of reform and rejection of corruption saying the message had been delivered and the protesters have terrified the corrupt in power. sada is one of the most popular politicians in iraq. his party was the biggest winner in

october's election, but he failed to form a majority coalition. ah, last month, more than 70 m. p 's, along with the shia cleric, was signed from parliament calling it corrupt. now the pro, wrong coordination framework is trying to fill that void by nominating su donny as prime minister. for now, this is a victory for santos, and a threat to the political decision makers. unless a protest is unlikely to maintain the pressure from the streets. norbert manly al jazeera unload, although a heads is in baghdad. he says, the pro iranian blocks plans will lead to more protests. supporters of southern mac to the us so that they rose up against that nomination of mohammed. she asked who danny? they believe, as they say, that he is another for seed of corruption. another for said of a new real malady,

the former prime minister, who was a prime minister for 2 terms. and he's accused by the sort of supporters of corruption and of runing, the state resources and runing the state funds for 2 terms when he was prime minister. now the coordination framework says that there calling on the speaker of the parliament hamlet had lucy and on the government not to change anything in the plan. the plan that was set to hold a session on saturday to elect a new president of the state. and then the pre, the new president of the state would assign the newly a nominated prime minister who is mohammed t. i so that he, according to the coordination framework to form the new government. it seems that we're going to probably see more escalation in the coming days as the supporters of looked under a southern. we'll definitely reject that move and would probably most to probably

take again to st. and this time it would probably be more violent. protests are expected, his parents president petrocca, theo delivered a speech to mark his 1st year in office. it's been a challenging 1st year for castillo. he survived 2 attempts to impeach him and faces allegations of corruption protest. i have been calling for castillo to resign . heavy rain is triggered flash floods in the united arab emirates. some houses were damaged and cards was swept away. it's also been heavy rain here and cut out and unprecedented is out whether present at rob macau. we explains who's they were thunderstorms in doha, qatar this morning. and so what you might think is to say what it is never rained in july in recorded history or any bodies living memory. it just doesn't happen. the reliable forecast arabia is hot, dry, and dusty throughout the summer,

4 months over the summer. now the monsoon does affect some palet sarabia when it bursts out of india catches southerner mom salon or it's drizzling overcast. they're occasional thunderstorms in a mom and yemen. but this year, when the monsoon burst into pakistanis call substantial damage or loss of life, it cause a similar amount of flooding. you know, mom, this is a couple of weeks ago and we so okay, so it's come a long way beyond where it shouldn't been stronger. the sister occasional variation . so say it's never rained in july in katara recorded history or anybody's memory. the same is true in q, wait it iran, very similar walla to shower may be while there's been flooding in the west coast of iran, the rains moving north in for the next 3 days of the forecast of significant rain causing flooding. maybe again, here in bahrain as well, western iran, and even in q wait on saturday. is this a one year? and normally i have to say, i don't know, seems to be an extension of the monsoon drive. willoughby repeats in future years with yet to see. as rob just mentioned,

there's been severe flooding and pakistan more than 300 people to confront have died in flood since several provinces since june. anymore have been injured in the extreme weather, which was triggered by monson rains rescue canes have been deployed to assist hundreds of people forced to leave their homes. several roads and thousands of bridges had been washed away while thousands of buildings a heavily damaged. ma harder is in islamabad with the buggy, saudi major, roger, good aboard man. dat issued a warning of fall landslide, then flash, large and high buckled booked, and while bravo in spots of the upon job got by dawn. but the biggest and the worst affected so far as the province of baluchistan and the larger province of the country area wise with the least population. we just got dared over a large area. and therefore, the relief and rescue efforts that being hampered because of the logistical regions

. the men link road from karachi to the prevention capital of quite i been blocked because some of the bridges have been washed away. sections of the highway have been washed away and the military of gods and now using helicopters to reach the remote regions and to try to ahead to evacuate the people the government of value just on the adolfo promised to give cash compensation to for the family of large family members, as well as getting relief like essential food items to the area. now, the warnings are in place regard, the major logical department. they also said that this is going to last in the middle of september, and that the country will receive, or what 30 percent of which normally monsoon grains around dinosaurs skeleton has sold at an auction in new york for more than $6000000.00. go get forrest was a cousin to the more famous t rex and.