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Play a positive and productive partnership role in addressing climate change, but also both the us and china are pivoting their economies towards clean energy. china is already the largest producer of wind turbines, batteries for electric vehicles, and solar panels. the united states has just come to the brink, passing the so—called inflation reduction act, which will put about $360 billion into clean energy projects, both direct investments and tax incentives. so both countries need this, but they also need the leadership. so the critical feature, here, is that secretary kerry and his chine...

Pushing the story. then, the midterm elections are now just 170 days away, and the democrats' approvals are falling as fast as joe biden's. coming up, mark penn, pollster on tuesday's race in georgia. a too close to call race in pennsylvania and what independent voters are thinking ahead of 2024. it's all right here right now on "sunday morning futures." ♪ ♪ maria: but first this morning, president biden is in tokyo today expected to meet with officials from japan, india and australia after visiting south korea yesterday. the white house is claiming that it is using this asia trip to reinf...

In my first year in office. and we're on track to reduce it by the end of september by another $1.5 trillion, the largest drop ever. >> cnn reporter, fact-checker in chief, has the latest. >> there is no doubt the deficit has fallen under president biden so far. it was about $3.1 trillion under president trump in fiscal 2020. it was $360 billion lower than that, so about $2.8 trillion in fiscal 2021, mostly under president biden. even with that $360 billion decline, experts i spoke to still scoffed at the idea that president biden is personally responsible for having reduced the deficit. in fa...

Billion at the time president biden took office. in fact, at the time, the nonpartisan congressional budget office projected the deficit would fall by more than $870 billion in 2021 if president biden did not implement new policy. then president biden came in, like most presidents, did new policy. there's $1.9 trillion pandemic relief bill. there was a bigbie partisan infrastructure bill, expansion of food stamp benefits. whatever you think of all those policies, they all cost money. there ended up being less deficit reduction than expected. president biden likes to cite a certain economic res...

In the meantime president biden going after america's wealthiest with new 20% minimum tax on billionaires, budget proposal to be released tomorrow. alexandria hoff. alex: according to the white house it does set a 20% tax rate floor and by their own calculation would reduce the federal deficit by a trillion and could raise up 360 billion over ten years. but we are not just talking about taxable income here, what piqued the interest of wealthy is unrealized gains such as increase in value of stock that one holds. his idea was first brought up as a way to fund president biden's fallen build back...