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Heal our country's wounds overnight but i remain steadfast in my commitment to do everything in my power. democrats approved president biden's build back better school and safety net i should say, and climate bill. >> on this vote, the ayes are 220. the nays are 213. the build back better bill is passed. >> democrats celebrating briefly there on the house floor. the $1.9 trillion plan now heads to the senate where it's certain to undergo some changes. as for what is currently in the bill that house democrats passed, $570 billion for clean energy and combatting climate change. 381 billion for...

He made it clear that he may be comfortable with the bill coming to the floor before the christmas break but he hasn't made any assurances that he would be a yes on the these of legislation and also there's major changes they wants to see in the bit. one of them the fact that the legislation includes paid family leave. that is a policy that joe manchin has said he supports but not using a democratic-only process like reconciliation. john. >> more to come after the thanksgiving holiday. lauren fox, appreciate the live report up on the hill. with she in studio on this big day to share their repo...

The pandemic hit. fed chair jay powell also said he thinks the inflation we're seeing the temporary but said it could still last into next year. i want to bring in cnbc's senior economics reporter, steve leaseman. explain this move from powell. what is the fed doing? >> they are gradually reducing the stimulus they put in place. they've been out there buying a lot of treasuries, trying to bring the interest rate down in addition to keeping rates at zero and now what they're going to do is instead of buying $120 billion of treasuries and mortgages every month, they're going to buy $105 billion ...

What -- this mean? >> look, you know, ronald reagan used to say, he was not frightened by what liberals did not know. he was frightened by what liberals knew that was not true. and that is what you're saying. you are seeing the cumulative come together of every single liberal idea or radical idea, socialist idea, that they don't work. so for example, we have bernie sanders new $3.5 trillion big government socialist bill. there's $105 billion. set aside for illegal immigration trip lockhart know, if you are seeing $105 billion aside to help illegal immigrants. what is your signal to request why...

I can't name a single thing he has done that i like but i can't think of one. what does this mean? >> look, you know, ronald reagan used to say, he was not frightened by what liberals did not know. he was frightened by what liberals knew that was not true. and that is what you're saying. you are seeing the cumulative come together of every single liberal idea or radical idea, socialist idea, that they don't work. so for example, we have bernie sanders new $3.5 trillion big government socialist bill. there's $105 billion. set aside for illegal immigration trip lockhart know, if you are seeing $...