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reduction act, would be the largest investment in energy and climate programs in u.s. history. for the first time it would give medicare the power to negotiate prescription drug prices, cap medicare out-of-pocket costs at $2,000, and extend expiring health care subsidies for three years. but before any of that happens, it must get approval from the senate parliamentarian to proceed with a filibuster-proof reconciliation process, allowing democrats to pass the bill with just 50 votes. cnn's jessica dean is on capitol hill for us. jessica, where does the bill stand right now? >> rep...

Undercut the argument that the u.s. economy is already in recession. yes, gdp contracted in back-to-back quarters at the start of this year, but, no, economies in recession don't add half a million jobs in a single month. that doesn't mean there aren't obstacles ahead. remember, the economy doesn't have a jobs problem. it has an inflation problem, and there's nothing about the july jobs report that changes the fact that consumer prices are rising at the fastest pace in 40 years. in fact, this unexpected surge of hiring will only make it harder for the federal reserve to tame inflation. the fed...