US economy

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This surprising turn of events comes after months of speculation and following a closed-door meeting between Manchin and Biden earlier this week.

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Manchin's decision is likely to help the bill gain more support in the Senate,

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where it currently has a slim majority.

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The bill would establish a cap and trade system to reduce greenhouse gas emissions,

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and tax fossil fuels like coal and oil.

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Manchin's reversal comes as a major win for the Biden climate and tax bill,

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which has been met with opposition from some Senate Democrats who fear it will burden the middle class.

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Senator Joe Manchin suddenly backs Biden climate and tax bill

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US Economy Shrinks Again Ringing Recession Alarms

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