Corp 1000

Schumer says he expects Senate to begin voting on climate and tax bill Saturday

Senate Majority Leader Chuck Schumer said Thursday he expects the chamber will begin voting on Democrats’ $739 billion climate, healthcare and tax legislation on Saturday. Known as the Inflation Reduction Act, it was introduced last week by Schumer and Sen. Joe Manchin, a West Virginia Democrat. The measure needs 50 votes to clear the chamber, but one key Democrat, Arizona’s Kyrsten Sinema, has not yet said how she’ll vote. She has voiced concerns over the bill’s push to close the carried interest loophole, though analysts believe that effort will be dropped. Chris Krueger of Cowen Washington Research Group said in a note it’s possible a final Senate vote could come late Sunday night or early Monday morning. House passage could follow sometime next week, he said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Previous post Dow, S&P 500 end lower as investors await Friday’s jobs report
Next post U.S. crude-oil benchmark closes below $90 a barrel for first time since February