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Reduction act will add another $370 billion in clean energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries, and critical materials processing. that doesn't sound like a recession to me. to you very much. >> good afternoon. i'm chris jansing live at msnbc headquarters in new york city, and i just heard it from washington. president biden on offense, frankly, for the first time in a long time as key elements of his agenda suddenly and surprisingly seem to be coming together. that bill he just talked about which demo...

And the inflation reduction act will add another $370 billion in clean energy tax credits in reconciliation, including to accelerate domestic production of solar panels, wind turbines, batteries and critical materials process. that doesn't sound like a recession to me. thank you very much. >> taking no questions from the white house there. president biden, welcome, i'm in new york. we're listening to the president there taking a very optimistic view on the economy. he is trying to underscore that it doesn't appear we're in a recession. it's kind of a good news, bad news day. bad news on the gd...

The wrong direction. thank you for clarifying it all for us. we'll be watching tonight on the 11th hour and every week night at 11:00 p.m. eastern on msnbc. let's talk more about the major break through on capitol hill. senator joe manchin and chuck schumer reached an agreement on a reconciliation package after nearly a year and a half of on and off negotiations. the inflation reduction act of 2022 includes more than $400 billion in revenue from tax reforms and a new minimum tax of 15%. it also would raise about $300 billion in revenue through the lowering of prescription drug costs and allow ...

Is something we've ever done. i can't remember a piece of legislation that had this and then we used the money to pay down the debt and deficit. we stopped caring about that. those are historic things that are going to happen. and i think democrats need to really seize on this moment and tell this story. scream it at the top of your lungs. if this was donald trump, he would be out there having press conferences in the rose garden, all over the country. we should be doing the same thing. >> so good for you to join us. thank you. i'm joined by democratic senator brian schatz of hawaii. thank y...

Expand semiconductor production, and the inflation reduction act will add another $370 billion in clean energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries and critical materials processing. that doesn't sound like recession to me. thank you very much. >> john: president biden walking out of the state dining room there after refusing to accept the country has slipped into recession, even though we had our second quarter of negative growth there, the president saying, sandra, strong labor market and continuing si...