KYRSTEN SINEMA

The revelation comes after Sen. Sinema single-handedly thwarted her party's long-standing goal of raising taxes on such investors.

Democratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress.

Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. The bill, with Sinema's alterations intact, was given final approval by Congress on Friday and is expected to be signed by President Joe Biden next week.

The biggest investment ever in the U.S. to fight climate change.

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

In exchange for supporting the Inflation Reduction Act, Sen. Kyrsten Sinema, D-Ariz., insisted that the legislation leave in place a tax loophole that benefits high earners in the private equity and real estate industries. That deal set off a flurry of media speculation about her motives, but it wasn’t the only successful request she made in order to secure her vote for the landmark climate legislation.

Wall Street lobbyists targeted Kyrsten Sinema to keep the carried interest loophole intact before she announced it would not be part of a climate and tax bill.

A proposed tax tweak to carried interest, compensation paid to private equity and hedge fund managers, didn't survive in the final Inflation Reduction Act.

The tax, climate and energy passed by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides much of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November.

The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems.

Over five decades in Washington, Joe Biden knew that the way to influence was to be in the room where it happens.

The Senate has approved Democrats' big election-year economic package.

Several Democratic senators are saying they will vote “no” on any amendments introduced during a Senate vote-a-rama session in an effort to keep the party’s major climate, tax and health bill on course to pass. “We have a deal to take the biggest climate action in U.S. history. Every Senate Dem has agreed to it.…

The Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it mostly unscathed Saturday, Democrats said, as party leaders prepared to start moving their sprawling economic bill through the chamber. Elizabeth MacDonough, the chamber's rules arbiter, said provisions must be removed that would force drugmakers to pay rebates if their prices rise above inflation for products they sell to private insurers. Pharmaceutical companies would have to pay those penalties if their prices for drugs bought by Medicare rise too high.

The Arizona senator effectively leverages her power, but her ends are unclear.

The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems.

Sinema backed the bill after the removal of a provision to narrow the so-called carried interest loophole, a tax benefit that both Biden and Trump opposed.

Sen. Joe Manchin sealed the deal reviving President Joe Biden’s big economic, health care and climate bill.

With Democrats poised to pass the Inflation Reduction Act, their signature legislation on health care and climate change, all eyes were on the senior senator from Arizona.

Senate Majority Leader Chuck Schumer says Democrats have made changes in their giant economic bill that include paring part of their proposed minimum tax on huge corporations.

Local opposition to solar and wind farms could be a huge barrier to clean energy.

The tax, climate and energy proposal by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides more than 40% of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November.

Its approval would let Dems appeal to voters by boasting they're moving to reduce inflation, address climate change and increase U.S. energy security.

Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.

The Arizona senator said late Thursday that she will move forward with the Inflation Reduction Act after Democrats reached an agreement to remove the carried interest tax provision.

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

Senate Democrats say they have reached an accord on changes to their marquee economic legislation, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days.

Democrats call it the “Inflation Reduction Act.”.

Republicans see inflation, taxes and immigration as Democratic weak spots worth attacking in the upcoming battle over an economic package the Democrats want to push through the Senate.

Obama and Trump both tried and failed to close the carried interest loophole. Biden's big bill hangs in the balance with Sinema still undecided.

The Michigan Republican Party said it canceled a Tuesday evening primary watch party in Lansing after a man came to the party's headquarters and threatened to shoot up the building and burn it down.

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

Sen. Joe Manchin (D-W.Va.) is working on getting Sen. Kyrsten Sinema’s (D-Ariz.) support for the deal he cut with Senate Majority Leader Charles Schumer (D-N.Y.). We’ll also look at the latest data on the strength of the labor market and more sanctions on Russia. But first, Dee Snider is going after a top GOP candidate. Welcome…

Democrats may be on the verge of forcing private-equity tycoons to pay their fair share in taxes—a step that reformers have been demanding for years.

Speaking on Monday evening, President Biden said the U.S. conducted an airstrike in Afghanistan on Saturday that killed Ayman al-Zawahri, who was one of the masterminds behind the Sept. 11, 2001, terrorist attacks and who took over as leader of al-Qaida after the death of Osama bin Laden.

A bipartisan group of senators is pushing compromise legislation to restore abortion access in the wake of the June Supreme Court decision to overturn Roe v. Wade.

Democratic Sen. Kyrsten Sinema's views remained a mystery as party leaders eye votes later this week on their emerging economic legislation.

Republican Sen. Lisa Murkowski and Susan Collins join Sinema and Democrat Tim Kaine in wanting to codify Roe v. Wade protections into federal law.

The Inflation Reduction Act of 2022 promises to raise $739 billion in revenue by setting a minimum corporate tax rate and changing Medicare drug pricing.

The following is a transcript of an interview with Sen. Joe Manchin of West Virginia that aired on Sunday, July 31, 2022, on "Face the Nation."

Democratic Sen. Joe Manchin is declining to endorse Joe Biden if the president seeks a second term in 2024 and is refusing to say whether he wants Democrats to retain control of Congress after the November elections.

It’s been more than a year in the making and has seen plenty of ups and downs.

It's possible Democrats will wait days, if not weeks, before Sinema breaks her silence on a surprise spending deal.

If passed and signed into law, the reconciliation bill would be the largest climate investment ever taken by Congress.

An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the United States to address global warming and could help President Joe Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030.

Some older Americans are cheering news of a deal on Capitol Hill that could lead to lower drug costs.

The Inflation Reduction Act was revealed Wednesday and has the backing of Sen. Joe Manchin, a Democrat from West Virginia.

President Joe Biden is hailing a nascent Democratic package of climate, health care and tax initiatives as a giant step forward for the country.

It was launched as the new president’s ambitious plan for rebuilding America.

President Joe Biden says he would support an exception to the Senate filibuster to protect access to abortion after the U.S. Supreme Court overturned Roe versus Wade.

Four senators, including Cornyn, used a distinctive combination of policy expertise, legislative experience and political courage to push past obstacles that had repeatedly stymied previous attempts at compromise.

The legislation represents a crash effort between four wildly different lawmakers thrown together by circumstance and pushed to action by unspeakable tragedies.

The House has sent President Joe Biden the most wide-ranging gun violence bill Congress has passed in decades.

The Senate has approved a bipartisan gun violence bill.

Last month's mass shootings in Buffalo, New York, and Uvalde, Texas, have produced a groundswell for change in Congress.

Democratic and Republican senators are at odds over how to keep firearms from dangerous people.

Many of the nation’s most vulnerable Democrats are actively trying to distance themselves from Washington — and their party — as the midterm season enters its next phase.

After wrapping up the Summit of the Americas in Los Angeles, President Joe Biden turned his attention from foreign policy to politics.

Less than 48 hours after a gunman stormed an elementary school and killed 19 children and two teachers in his home state of Texas, Sen. John Cornyn was tapped to lead gun policy negotiations in the Senate.

Democrats and liberals are frustrated that some in their own party obstruct their aims, from abortion to climate. But they hope to focus that anger against Republicans in the fall.

Collins, Murkowski, Manchin, and Sinema weigh in on SCOTUS leak

Sinema feuded with Biden when he told other Dems about her demands to cap social spending at $1.1 trillion. "Do you want me to leave?" she asked.

After two years at the front of the line for COVID-19 vaccines and treatments, the U.S. could soon have to begin taking a number.

J.P. Morgan Chase CEO Jamie DImon and other executives donated to Democratic Sen. Kyrsten Sinema as she opposed key elements of her party's agenda.

The CDC is planning to stop authorizing the expulsions of migrants under a pandemic-era rule on May 23.

Republican Senators Lisa Murkowski and Mitt Romney say they will vote to confirm Judge Ketanji Brown Jackson’s historic nomination to the Supreme Court, giving President Joe Biden’s nominee a new burst of bipartisan support to become the first Black woman on the high court.

The Biden administration’s decision to end sweeping asylum limits at the border this May satisfied demands by prominent Democrats.

Republican Sen. Lindsey Graham says he won’t vote for Supreme Court nominee Ketanji Brown Jackson.

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

Maine Sen. Susan Collins says she'll vote to confirm Judge Ketanji Brown Jackson, giving Democrats at least one Republican vote and all but assuring Jackson will become the first Black woman on the Supreme Court.

President Joe Biden’s $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans.

The “Billionaire Minimum Income Tax” included in President Joe Biden's proposed budget is part of the administration’s effort to reduce the federal deficit.

Arizona has long been fertile ground for a social conservative agenda, with some of the nation’s toughest laws against abortion and a history of restricting LGBTQ rights.

Democratic Sen. Joe Manchin has announced his intention to support the nomination of Ketanji Brown Jackson to serve on the U.S. Supreme Court, pushing her one step closer to confirmation.

A new bill could do away with daylight savings shifts in the U.S. — but that might cause some other problems.

A new bill could do away with daylight savings shifts in the U.S. — but that might cause some other problems.

The Senate just voted to abolish Standard Time and make Daylight Saving Time permanent

Lujan, 49, had initially predicated a four-to-six-week recovery following the cerebellar stroke he suffered on Jan. 27.

Addressing a concerned nation and anxious world, President Joe Biden has vowed in his first State of the Union address to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus.

President Joe Biden and Senate Democrats say they are hoping for a bipartisan vote to confirm Ketanji Brown Jackson to the Supreme Court.

Rents have exploded across the country, causing many to fall behind on payments, dig deep into their savings or downsize to subpar units.

Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."

Senator Rick Scott, a Florida Republican, joined CBS News' Lana Zak and Vladimir Duthiers to discuss the U.S. response to the Russia-Ukraine standoff, the upcoming midterm elections and the January 6 investigation.

America’s coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly, a government report warns. (Feb. 15)

Kenmore mother shares story about having heart attack at 36

Jaguars QB Trevor Lawrence joined Mackenzie Salmon on Sports Seriously.

He said pedestrian deaths should not be something that happens, even once a year. And Heffernan said facing these issues starts by doing two things: one, decreasing city speed limits and two, redesigning roads and intersections

President Biden addressed the nation about the rising tensions on Ukraine's border. Norah O'Donnell anchors a CBS News Special Report with Charlie D'Agata in Lviv, Ukraine, David Martin at the Pentagon and Weijia Jiang at the White House.

WNY family hopes to adopt 11-year-old Ukrainian boy

Democrats have conflicting views of what they're accomplishing in the 50-50 Senate and of how to take advantage of their control on the chamber.

President Joe Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs.

More than 600 sitting senators have died or resigned since the first Congress met in 1789.

The Democrats’ fragile hold on the Senate majority has become vividly apparent with the sudden illness of of New Mexico Sen. Ben Ray Luján.

Democrats have fractured repeatedly over President Joe Biden’s agenda, stalling legislation and creating an atmosphere of mistrust that threatens the party’s political prospects in November.

In a Senate where bitter Supreme Court battles have left a lasting imprint, the confirmation of President Joe Biden’s pick for Supreme Court has the potential to be much less combative and toxic.

Senate Democrats have played defense for the last three Supreme Court vacancies.

Word of Justice Stephen Breyer's pending retirement may be lifting Democratic hopes ahead of midterm elections.

President Joe Biden often cites the critical role that South Carolina played when he won the Democratic nomination in 2020.