The Speaker of the House is ready to send a bill called the Inflation Reduction Act to President Biden's desk.
In a letter to her colleagues, California Democrat Nancy Pelosi said it'll do many things like extend subsidies that are available under Obamacare.
The House is expected to take up the measure tomorrow.
The Senate passed the measure on Sunday with Vice President Harris casting a tiebreaking vote. The vote will take place as new reports show inflation may indeed be slowing down.
Yesterday's consumer price index for July was unchanged after an increase of 1.3 percent in June. Today's producer price index report revealed a drop of half-a-percent, the first time it has fallen since April 2020.