Last week, President Biden had a pretty relatable moment.

He had to briefly interrupt his summer vacation to deal with a work thing.

Presidents, they're just like us, right?

However, in this case, President, they're just like us, right?

However, in this case, Biden probably didn't mind the quick detour back to the White House. And now I'm going to take action that I've been looking forward to doing for 18 months.

It's going to sign a special reduction.

That's because after more than a year of negotiations,

Biden finally had the chance to sign his party's landmark health care,

tax, and climate bill into law. You might remember, this used to be called Build Back Better.

It's now called the Inflation Reduction Act. It's paired way down from the original version, but this is still a big, big deal.

Among other things, it'll bring major changes to prescription drug pricing policy, corporate taxes, and IRS enforcement. But experts say above all else, we can't lose sight of what a big deal this law is when it comes to our fight against climate change.

My guest today is CNN climate reporter, Ella Nilsen.

We're going to dig into what's actually in this law, what it means for your wallet,

and how it could help address a drought emergency playing out right

now on the Colorado River.

It's August 21st and this is the Sunday edition of CNN Five Things.

I'm David Ryan. Ella, this law is called the Inflation Reduction Act. I guess it remains to be

seen if it'll actually reduce inflation, but I know your team has been saying just how much of this is climate related. So can you walk me through it?

Yeah, so there is over 370 billion in there for climate and clean

energy and this is the biggest US congressional investment in climate

change ever and it's arguably the biggest

deal for climate and the environment as far as a new loss and you know probably like

...