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>> the president welcomed this agreement. you've seen wide agreement, even people who disagree or criticize that this would reduce inf inflation, reduce the deficit, reduce health costs for 13 million americans. >> daniella diaz is live on which i will. manchin has been a thorn in his party's side. how significant is this deal for democrats? >> reporter: so, so significant. this is a $369 billion package that would invest that money into climate and energy provisions, the programs that democrats were hope that they could pass during this congress. it would be the biggest climate deal in histor...

In addition it also changes the circumstances for people on medicare by putting a cap of a maximum $2,000 a year, they'll have to pay no more than $2,000 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. it's a godsend. it will literally be a godsend for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. that will mean an average savings of $800 a year for 13 millio...

Economy. first let's talk more about the historic deal in the senate that could lead to the biggest climate investment in u.s. history. the inflation reduction act of 2022 includes $369 billion to address energy security and climate change, including tax breaks to encourage investments in clean energy technologies, including incentives to ramp up production of wind, solar and geothermal energy and credits for individuals to purchase electric cars. here's president biden just a short time ago. >> it will be the most important investment, the most important investment we've ever made in our ener...

Process about $290 billion and in addition, also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year they have to pay no more than $2,000 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. it's a god send. literally be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. average savings of $800 a year for 13 milli...

0 bill is long overdue and it helps us take decisive action on the climate crisis and leads for the world by example. inflation hawks like larry summers said this bill is, quote, fighting inflation, let me say it, this bill is fighting inflation. progressive leaders like senator elizabeth warren said, quote, this is a bill that truly is about fighting inflation, bringing down the costs for families and putting our country on a sounder economic footing. here's how it works. first, the bill finally delivers on a promise that washington has made for decades to the american people. we're giving me...