Biden calls deal with Manchin 'godsend' for US families

President Joe Biden speaks about the "Inflation Reduction Act of 2022" in the State Dining Room of the White House in Washington, Thursday, July 28, 2022. (AP Photo/Susan Walsh)

President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansive health care and climate change package that had eluded the White House and seemed all but lost.

Biden said the bill will be a “godsend” for American families.

“This bill would be the most significant legislation in history to tackle the climate crisis,” Biden said. He said it will also lower healthcare costs for millions of Americans who buy their own health insurance under the Affordable Care Act.