• Senate Democrats struck a $700 billion deal for an economic and climate package.
  • Joe Manchin announced that he and Chuck Schumer had agreed on terms after months of negotiations.
  • The negotiations were so secret that even Schumer's deputy was surprised by the news.

Details around the economic deal agreed upon by Senate Democrats were kept under such a tight seal that even high-level Democrats involved at different points of the negotiations were anxious to find out details of the agreement.

On Wednesday, Sen. Joe Manchin announced that he and Senate Majority Leader Chuck Schumer had reached a deal on The Inflation Reduction Act of 2022, a funding package that could dole out $700 billion to climate, tax, and health care improvements.

Some in the Senate close to the negotiators were shocked that a deal was struck during an arduous, at times seemingly deadened negotiation process with a mostly immovable Manchin.

Senate Minority Whip Dick Durbin, who is Schumer's deputy, told Punchbowl News that the deal was "news to me."

"I'm anxious to know the details," Durbin said.

This story is developing. Check back for updates.

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