Manchin's latest shocker: A $700B deal  —  Joe Manchin and Chuck Schumer looked at loggerheads after their talks on a sweeping climate, tax and health care bill ran aground nearly two weeks ago.  In fact, they were working on Washington's best-kept secret.  —  On July 18, four days …

Manchin, in Reversal, Agrees to Quick Action on Climate and Tax Plan  —  The West Virginia Democrat, a holdout on his party's domestic agenda, said the package would reduce inflation, a concern he had cited in rejecting it just weeks ago.  —  WASHINGTON — Senator Joe Manchin III of West Virginia …

Democrats Outsmart Mitch McConnell With Surprise Reconciliation Deal  —  The Kentucky Republican said the Senate wouldn't pass a computer chip bill if Democrats pursued budget reconciliation, but it did and they are.  —  WASHINGTON — Senate Minority Leader Mitch McConnell (R-Ky.) …

Bracing for the big reveal  —  HEY SIRI, DEFINE RECESSION — Set multiple alarms on your phone tonight.  Load your coffee maker with the strongest brew you've got.  And prepare at least six browser windows to feverishly refresh this Bureau of Economic Affairs website at precisely 8:30 …

Where Do Trump's Donations Go?  —  He can't spend his PACs' millions on 2024 and isn't using much in midterms.  —  1x  —  What will Donald Trump do with his campaign cash?  —  The former president controls four political-action committees—Save America; Make America Great Again, Again!

SCOOP — Schiff makes moves in race to replace Pelosi  —  Good morning, Early Birds.  Tonight is the Congressional Baseball Game.  Will the climate activists still protest now that Sen. Joe Manchin (D-W.Va.) has agreed to add climate to their reconciliation bill?  Thanks for waking up with us.

Most third parties have failed.  Here's why ours won't.  —  David Jolly is a former Republican congressman from Florida and is executive chairman of the Serve America Movement.  Christine Todd Whitman is a former Republican governor of New Jersey and co-founder of the Renew America Movement.

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal  —  U.S. economy shrank for second straight quarter at 0.9% in second quarter  —  The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule …

U.S. GDP Fell at 0.9% Annual Rate in Second Quarter  —  The economy contracted after shrinking earlier in the year, held back by rising inflation and interest rates—marking a recession in many eyes  —  Why Consumer Confidence Is Key to Bringing Down Inflation

US economy shrank 0.9% last quarter, its 2nd straight drop  —  WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.