The Senate has passed the Inflation Reduction Act of 2022 in an effort to help address inflation, lower the cost of health care, combat the climate crisis and ensure that the biggest corporations and the wealthiest few pay their fair share of taxes.
The vote on the $750 billion legislation was tied at 50-50 along party lines when Senate chair and Vice President Kamala Harris broke it by using her privilege in favor of the Bill.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.