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let me go over to david chalian on this. david, what do you think of what we just heard from pete aguilar? >> i mean, basically you just heard the congressman put this in the hands of the house progressives. are you going to give your president a black eye publicly over his major agenda items in which he says his presidency rests? that's the question that house progressives need to answer. >> exactly right. thank you, david. here we go. president biden and vice president kamala harris. >> today i'm pleased to announce after months of tough and thoughtful negotiations i think we have an historic -- i know we have an historic economic framework. it's framework that will create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity, put us on a path not only to compete but to win the economic
number of its original provisions. these include free universal prekindergarten, tax credits for parents and a $555 billion fund to fight climate change. but other provisions are falling by the wayside. overthe provisions are falling by the wayside. over the course of negotiations. american say goodbye to the prospect of paid family and medical leave orfree to the prospect of paid family and medical leave or free community couege medical leave or free community college for example. and plant medicare to reduce the cost of prescriptions for senior citizens have been shelved lost to slow another proposal into something palatable to centrist members of the democratic party. here's what president biden had to say when he announced his new framework. framework that will create millions jobs, grow the economy, invest in our nation and our people. turn the climate crisis into an opportunity to put us on a path not only to compete but to win the economic competition for the 21st century against china and every other major country in the world. it's fiscally responsible, it's fully paid for. 17
and announce is broken. stay close. st mortgage rates you've been waiting for are here. the newday two and a quarter refi has the company's lowest rate in history. 2.25% with an apr of 2.48. save thousands every year. plus there's no money out of pocket and no up front fees. newday is holding the line on interest rates so every veteran family can save. >> harris: president joe biden joined by kamala harris. let's watch. >> president biden: after months of tough and thoughtful negotiations i think we have an -- i know we have an historic economic framework. a framework to create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity and put us on a path not only to compete but to win the economic
and our people. turn the climate crisis into an opportunity to put us on a path not only to compete, but to win the economic competition for the economic competition for the 21st century. it's fiscally responsible, it's fully paid for. 17 nobel prize winners and economics have said it will lower the inflationary pressures on the economy. peter bowes says — pressures on the economy. peter bowes says this _ pressures on the economy. peter bowes says this is _ pressures on the economy. peter bowes says this is a _ bowes says this is a significant climb down from what president biden initially had in mind. it’s what president biden initially had in mind.— had in mind. it's three and a half trillion _ had in mind. it's three and a half trillion dollars _ half trillion dollars originally 1.75. that still is a colossal amount of spending, but there's been a lot of compromise, and that's what's taken — compromise, and that's what's taken the _ compromise, and that's what's taken the time behind the scenes. _ taken the time behind the scenes, haggling between different vested interest. a lot of— different vested interest. a lot of lobbying of democrats bow people across the united states — bow people across the united states. some things have been
to the community today by settling civil claims. now, the fbi said after that it had changed the methods that's used in background investigations to make sure this sort of thing doesn't happen again. the failure to notice a conviction that would otherwise have disqualified him from purchasing it. we expect to hear shortly from the lawyers involving -- that were representing the families and were involved in this settlement. >> pete, thank you for the update on this settlement. president biden at the white house. let's listen in. today i'm pleased to announce that after monss of tough and thoughtful negotiations, we have an historic economic framework. it's a framework that will create millions of jobs, grow the economy, invest in our nation, and our people. turn the climate crisis into an opportunity and put us on a path not only to compete, but to win the economic competition from
before, the president said compromise and consensus were the only way to get big things done in a democracy. the plan includes what he calls america's greatest ever investment towards fighting crime and change. here he is. the framework _ and change. here he is. the framework that _ and change. here he is. the framework that will - and change. here he is. tue: framework that will create and change. here he is. tte: framework that will create millions of jobs, framework that will create millions ofjobs, grow the economy, invest in our nation and our people. an opportunity to put us on a path not only to compete, but to win the economic competition for the 21st century against china and every other major country. it's physically responsible, it's fully paid for. 17 nobel prize winners have set pressures on the economy. president biden. i'mjoined _ pressures on the economy. president biden. i'mjoined now— pressures on the economy. president biden. i'm joined now by _ pressures on the economy. president biden. i'm joined now by our - biden. i'm joined now by our correspondent peter bowes, who is in los angeles. he's been watching this very closely. great to have you. in the first instance, this does seem
it half was, some $1.75 trillion today. the key holdouts demanding the cuts. moderate senators manchin and sinema, they are still not committing. those who wanted a bill, they are not on board yet either. a short time ago the president full sales mode here before making his way to rome announced there's a framework in place that he says all democrats should get behind. >> it's a framework that will create millions of jobs, grow the economy, invest in our nation and our people. turn the climate crisis into an opportunity and put us on a path not only to compete but to win the economic competition for the 21st century against china and every other major nation in the world. it's fiscally responsible and fully paid for. 17 nobel prize winners in economics have said it will be lower the inflationary pressures on the economy. over the next ten years, it will
invested our nation and our people. turn the climate crisis into an opportunity and put us on a path not only to compete but to win the economic competition of the 21st century against china and every other major country in the world. it's fiscally responsible, it's fully paid for. 17 no belt prize winners in economics that it will lower the economic inflationary pressures on the economy. julia manchester from the hill is in washington. the president said this deal is very much about compromise in particular his own compromise.— his own compromise. absolutely. president biden _ his own compromise. absolutely. president biden as _ his own compromise. absolutely. president biden as well _ his own compromise. absolutely. president biden as well as - his own compromise. absolutely. - president biden as well as democrats on capitol hill have really been working with that divide in their own party over the past couple of weeks really between progressive democrats and moderate democrats. and like president biden said, neither side really got everything
hearings at the end of 2019. it was everything he said about the election. he said even before it happened that it would be falsified, that it would be stolen, and he said repeatedly so many lies, and the fact that he was president of the united states that he's given credence to these lies and he's been enabled and backed up by members of congress and members of the senate. and i would just like to, you know, look into the eyes of these people now and to tell them you should be ashamed of yourselves because, you know, you're throwing away american democracy and putting us on a path that many other states have tread before toward autocracy by basically enabling these lies. >> you said something interesting to npr saying that trump himself was a massive counterintelligence risk because of his vulnerabilities and the fragility of his ego. what led you to say that? >> when i saw this firsthand over and over again. he was incredibly susceptible to flattery and persuasion. he also could be induced to lash
price and just as with the price of oil, there is only so much that a government can do in that respect when there is a market, demand, supply and other customers for that oil or gas. so if prices remain elevated for a long period, that puts pressure on competitiveness, notjust in the uk but elsewhere, i think it will be very interesting to see what happens in the coming weeks in terms of if we move on, if we have a milder start to the winter than expected and flows of gas from russia and qatar and places like that are more robust than they have been recently, then we can see an easing, but in the long term we really have to think that the energy transition is setting us on a path to wean us off fossil fuels. this is another reason why this is an important goal to achieve in the long—term, but in the meantime, people also need to heat their homes and the industry needs to operate,