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grown. the estimated cost of just the climate and energy part of the whole act has gone from 385 billion in their estimate to aaa and, to more than a trillion dollars. so how does that not create more inflation inside the inflation reduction act, when pressed on this, white house says it won't, but senator joe manchin who was the deciding vote on the ira says that in his mind democrats broke their word to him. and he is willing to fight to repeal the whole deal. steve moore and robert wolf standing by, but first a fox business correspondent with the backstory from capitol hill. hi, g...

have been ringing the alarm bell for years. we begin with this fox news alert. >> john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as "america reports" rolls onto us again our appeared happy monday, sandra. here we go again. >> sandra: i'm sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley off...

>> the bill includes $369 billion to combat climate change, largest in u.s. history. it gives medicare the power to negotiate some drug prices. it caps medicare out-of-pocket expenses at $2,000 and extended affordable care act subsidies for three years. >> white house reporter kevin livtak looks at what it means. jess, i want to start with you because we have news breaking in the last five to ten minutes, which i think is a good harbinger for your next few days at the capitol, where do things stand for the key elements for this to move forward? >> reporter: phil, democrats getting go...

They pulled it off over the last eight years. with very mixed success. kyiv is another ball game altogether. first of all the fighting for kyiv is only begun. it seems to mee determined to make kyiv -- ano another. it's hard to imagine. i think whoever that will be it will be ruling over a ruling city. >> peter, i'm glad you took the time to speak with us. our thought rs with you and your family. please do take care. peter, thank you so much. be well. >> thank you. like so much in the war

The virus very effectively. i just cannot imagine why people are not looking at this as let's say we're all in this together. the common enemy is the virus. let's not let the common enemy be arguing with each other and have ideological differences dictate whether or not you will get vaccinated or not. as long as you have, and we have in this country 93 million people who are eligible who are not yet getting vaccinated, that allows the virus to circulate regularly and easily and therefore you have the possibility of the emergence of ano another that may also allow to spread.