President Joe Biden signed a sweeping $750 billion health care, tax and climate bill into law at the White House on Tuesday -- marking a major victory for his administration and the Democratic Party ahead of the midterm elections.

Biden said during a signing ceremony in the State Dining Room that the legislation, called the Inflation Reduction Act, is "one of the most significant laws in our history."

"With this law, the American people won and the special interests lost," Biden told an audience of Democratic members of Congress and administration officials. "For a while people doubted whether any of that was going to happen, but we are in a season of substance."

The bill signing is the latest celebration of a major legislative accomplishment for Biden this summer, having already held bill signings at the White House last week for a bill aimed at increasing domestic semiconductor production and increasing benefits for veterans affected by toxic burn pits in Afghanistan and Iraq.

See omnystudio.com/listener for privacy information.