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we start tonight with breaking news out of washington, house and senate negotiations have hammered out a spending deal, just 12 days before another shutdown deadline. house speaker, mike johnson, is laying out the details in a letter to his republican colleagues. more than one and a half trillion dollar plan includes nearly 900 billion for defense and more than 700 billion for other programs. meanwhile, in less than 24 hours, president biden will hold his second campaign event of 2024 in the state that made his 2020 nomination and presidency possible. hill returned to the historic -- in charleston, the scene of a
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do administratively but without congress there is not -- without congress we can't fully deal with the issue, so as the question on the regulators, you know, already underway the regulators the president appointed reversing the changes we saw in 2018, but that again, but we need congress to take -- we can't let congress off the hook and they need to take action. both of congress and regulators to strengthen those rules, that's what we are calling on to do. >> secondly, there are reports -- [inaudible] >> sandra: ok, this is on first republic, taking a question on the multi-billion dollar plan we just reported to shore up first republic, breaking news from the wall street journal. >> specific institutions from here because of the actions that the regulators took at the
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big emphasis on dealing with the climate crisis. labour officials say they will be stressing the need for more foreign investment, particularly in green technologies. talk to us a little bit more about that whether that is the big push from labour. that whether that is the big push from labour-— that whether that is the big push from labour. yes, very much. as i said this does _ from labour. yes, very much. as i said this does fit _ from labour. yes, very much. as i said this does fit with _ from labour. yes, very much. as i said this does fit with the - from labour. yes, very much. as i said this does fit with the idea i from labour. yes, very much. as i said this does fit with the idea of l said this does fit with the idea of responsible investment and about trying to help the climate and also make a business case for this. we are seeing, america has introduced a huge multi—billion dollar plan, the inflation reduction act on us all about gearing up its economy for the energy transition and green tech and all those things. europe and the european union is doing the same and the european commission president said that during the week so there is a space there for britain and other big global economies to try and make sure that this investment, this green tech investment goes to their country because what we are seeing here is not quite a shift in terms of the orthodoxy but
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long way to go and so i think that this is something that we are going to do to for the conversation. we really applaud the white house on the president making sure that he follows through on those promises. >> okay, i get the 50,000 dollar call but let me put up something that former obama economic advisor, and this is jason fermon. he posted a pretty lengthy tweeted we're gonna bring it up right now. he writes, this is on the 10,000 dollar plan. he wrote in part, pouring out roughly half a trillion dollars of gasoline in on fire there's already burning is reckless. and that was weighing it $10,000. how do you weigh calling for $50,000 in the impact that would have on the economy? >> you know, at the data and the research that we have that has shown us that actually cancellations the opportunity to increase wealth in this country. recognizing that the minimal impacts on inflation, we recognize that this gives opportunity for black people become homeowners, to have discretionary wealth generating income. really what we are asking for is that the folks that turned
biden will take action on forgiving student loans. but time is running out as the repayments kick in on september 1st. and later, california facing a stunning drain on its water supply. we have details on the governor's multibillion dollar plan to fix it, when "new day" returns.
temperatures, and impacts from climate change. governor gavin newsom has just announced a new multibillion dollar plan to preserve the state's water supply. cnn's mike valerio is in los angeles right there, it's hard to believe, at the base of the los angeles river, but there it is, with just a couple of inches of water. tell us more about the steps the governor wants to take. >> reporter: sure, fredericka. i think the biggest step is really building storage space, space for water to be held during the winter months when it falls and it doesn't go anywhere for all of us to use. ved federica, that's really the opposite of this river, it's designed to channel water from here 20 miles out to the pacific ocean. the name of the game is to get the water out of the city and into the ocean. that's the opposite what have we need here. we need to hold on to water. so fred, the biggest points of the newsom plan proposed to
to control both houses and could not get on the same page, at least as long as joe manchin considers inflation a bigger threat to the united states than climate change right now. and so president biden is going to come here any minute, we expect to see the motorcade and lay out multi-billion dollar plan. we do expect to see some specifics from the president, but it's going to be a multi-billion dollar plan to increase wind turbines that are designed to help get the u.s. down to half its current emission levels by 2030. >> we change the climate between 2010 and now, and not in a good way. so, yes, we can and must act to make sure that we reverse the worst effects of climate change. some is upon us right now. this is not a question whether it's going to happen or not happen. it's a question of -- >> they are going to keep rising until 2030. >> peter: something else the president can do without