reconciliation package

Sen. Pat Toomey, R-Pa., with Sen. Bill Cassidy, R-La., right, questions Department of the Treasury Secretary Janet Yellen as she testifies during a Senate Finance Committee hearing to examine President Joe Biden's proposed budget request for fiscal year 2023, on Capitol Hill, June 7, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)

Sen. Toomey dismisses Democrat claims regarding reconciliation proposal

GOP Sen. Pat Toomey (R-Pa.) dismissed Democrat claims on their latest reconciliation package proposal.

President Joe Biden speaks about the economy during a meeting with CEOs in the South Court Auditorium on the White House complex in Washington, Thursday, July 28, 2022. Biden was updated on economic conditions across key sectors and industries. (AP Photo/Susan Walsh)

Biden: Reconciliation spending package will lower inflation

President Joe Biden claims the latest proposed reconciliation package will bring down rampant inflation. During a press conference at the White House Thursday, he asserted the bill will lower the cost of living for Americans and even cut the federal deficit.