Turning back now to domestic politics. The question looming over
Capitol Hill is whether a handshake deal will hold allowing Democrats
to pass a 700 plus billion dollar chunk of the president's agenda.
Lisa Desjardin is here to break down all the latest developments
as lawmakers scrambled to complete their work ahead of the August
recess. ELISA
Hello to you. But first, I do want to ask you about the really tragic
news today that a member of Congress Congresswoman Jackie will or
ski of Indiana was killed in a car accident, along with two of her
staff members. You've been talking to people on the hill. Tell us
what they're saying. And you. You knew her. Some tell us a little
about her state of shock on Capitol Hill about this Congressman Wilensky
was a rising star. She was a standout member of the House Republican
Conference. She was tough. She was intense on her issues, but she
was also known as
Kind someone whose word you could count on She. In fact, when Liz
Cheney was being shown the door out of leadership, she was many people's
favorite choice People who didn't like at least two phonic as much
Also. Personally, I can tell you she always liked to talk about RV
manufacturing, perhaps the greatest advocate in history because that
is a big, important industry in her district, Also shocking to lose
two young staffers like this, so a very big loss for the capital
and our sympathies to everyone, Of course, absolutely Such such a
Tragedy.
So the agenda before Congress only days to go before they're trying
to get out for the for the August recess, the Senate Lisa, We are
talking about what a half a trillion dollar deal in the balance.
What is the holdup? What's going on? Okay, a quick reminder of what's
in this. Exactly So one big portion of it about $370 billion is for
climate change aspects. They also would address drug prices, including
Medicare being able to negotiate. It would extend some subsidies
and overall, it also would reduce the deficit depending on how you
count, and we'll probably talk about this another day.
Between 103 $100 billion So very big deal Now why do we even have
this deal? Of course, Senator Joe Manchin. You can show a picture
of him and you can see he's the key vote that brought this deal together.
Why is it held up another key Senator, Senator Kirsten cinema. She
has not yet gotten on board this deal, and they are really at odds
over an important aspect of this bill. I want to show some footage
from the Senate floor yesterday. If you look up there at the very
top where the Senate president sits there, you see Kirsten cinema.
She was chairing the proceeding there, Senator Joe Manchin. They
had a long talk yesterday did not resolve the differences now. Another
issue. Judy on Timing is the parliamentarian must also
Okay, that everything in this bill fits muster for this budget process
all in all duty. I think the timing on this might get pushed back.
But I still expect at least some action this weekend so interesting
about cinema and mansion there so often together this time, we don't
know We don't know what will happen. So this snag right now it's
called carried interest. It has been around as an issue for a long
time. Explain it to us again. We may come back to this in more depth
another day, but quickly. What carried interest is is it's a tax
provisions that has a lower tax rate, especially
Before the fund managers of things like hedge funds, they pay 20%
tax rate. Senator Joe Manchin wants to end that he looks at that
as a loophole. Senator Kirsten Cinema completely disagrees. She feels
just as strongly that this should remain in the code, and they are
fighting that out right now, as we speak, still no deal between them
yet.
Meantime, the Senate is getting something done. We've been reporting
on it this measure having to do with veterans. That's right. An amazing,
amazing kind of huge bill that passed yesterday and I just want to
play some sound after that happened, which was just after our airtime.
Today. Finally.
At long last America lived up to its ideals.
By saying to our veterans who have been exposed to toxic chemicals
from burn pits.
We have your back. Finally, Congratulations, thanks to the United
States Senate for demonstrating when there's something good
And a good cause.
This place still works bipartisan that was a Republican and a Democrat,
talking about it. Also, another bipartisan vote just happened on
NATO NATO expansion, So there are some things happen in the Senate.
As for that pact Act for Veterans president plans to sign it on Monday,
we'll go into law and take effect and just parts of it will take
effect in September and October, And just a few days ago where it
was hanging in the balance, we didn't know what was gonna happen.