WASHINGTON — Senator Joe Manchin III of West Virginia has secured a promise from Democratic leaders and the White House to complete a highly contested 304-mile gas pipeline in his state, his office said, a major concession won as part of negotiations over a climate and tax bill. Mr. Manchin,Continue Reading

The climate and tax deal announced by Senate Democrats on Wednesday would pump hundreds of billions of dollars into programs designed to speed the country’s transition away from an economy based largely on fossil fuels and toward cleaner energy sources. The legislation, called the Inflation Reduction Act of 2022, isContinue Reading

WASHINGTON — The $369 billion climate and tax package forged in a surprise deal by Senate Democrats on Wednesday would be the most ambitious action ever taken by the United States to try to stop the planet from catastrophically overheating. The agreement, which Senate Democrats hope to pass as earlyContinue Reading

Good morning. We’re covering a possible prisoner swap between the U.S. and Russia, and another rate increase by the Fed. U.S. proposes a prisoner swap The U.S. offered a prisoner swap to Russia: Viktor Bout, a notorious Russian arms dealer, for Brittney Griner, the W.N.B.A. star, and Paul Whelan, aContinue Reading

WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Ms. Yellen assured the minister, PaschalContinue Reading

WASHINGTON — On the day after what was left of his legislative agenda to fight climate change appeared to crash and burn in the Senate, President Biden flew to Saudi Arabia, ready to press the region’s oil giants to pump even more crude onto global markets. Mr. Biden came toContinue Reading

WASHINGTON — First, he killed a plan that would have forced power plants to clean up their climate-warming pollution. Then, he shattered an effort to help consumers pay for electric vehicles. And, finally, he said he could not support government incentives for solar and wind companies or any of theContinue Reading

WASHINGTON — Senator Joe Manchin III’s opposition to government incentives for electric vehicles is a sticking point in negotiations over President Biden’s tax and spending package — talks that appear to be coming to a head this week after months of fits and starts. Mr. Biden and most Senate DemocratsContinue Reading

For all of Manchin’s Democratic Party apostasy, he has regularly sided with the party’s attempts to raise taxes on corporations and the rich. He opposed the Trump tax cut of 2017, and he has said he supports substantial tax increases as part of Biden’s agenda (even if he does notContinue Reading

But lawmakers would need to get working “very quickly” to move a new version of the legislation, said Bobby Andres, a senior policy adviser to the Senate Finance Committee, which has jurisdiction over the clean energy tax provisions. “We still don’t have a new agreement to move forward,” he said,Continue Reading