News from Washington Senate Passes Sweeping Tax, Climate Package After Marathon Vote; Harris Breaks Tie Senate Democrats have passed their sweeping tax, health care and climate change legislation after a marathon night of voting, with Vice President Harris casting the decisive vote to break a 50-50 deadlock and send the package to the House. The long-awaited […]
News from Washington Manchin, Schumer Announce Slimmed-Down Deal on Climate, Taxes, Health Senate Majority Leader Charles Schumer (D-NY) and centrist Sen. Joe Manchin (D-WV) struck a climate, health and tax package deal, weeks after Manchin seemingly had scuttled any chance of an agreement. The deal will be part of the budget reconciliation package that Senate […]
News from Washington Democrats’ Policy Package to Include Prescription Drug Cost Controls and Obamacare Fix Senate Majority Leader Chuck Schumer (D-NY) said that prescription drug cost controls and an Obamacare fix are the components Democrats will seek in a fast-track domestic policy bill. Democrats are seeking to keep in place increased financial assistance for people […]
News from Washington Democrats Push Reconciliation as Tool to Fight Inflation Some Democrats are arguing that a revival of President Biden’s legislative agenda, parts of which aim to raise taxes on some high-income individuals and cut prescription drug costs, could help address the highest inflation in decades. But the figures drew swift a response from […]
News from Washington Schumer Making Last-Ditch Bid to Pass Reconciliation Bill This Summer Senate Majority Leader Charles Schumer (D-NY) is making a last-ditch effort to pass a budget reconciliation bill during the July and early August work period. Schumer and centrist Sen. Joe Manchin (D-WV) have made progress on proposals to lower the cost of prescription […]
News from Washington Democrats Forge Ahead on Drug Pricing, Eyeing Wider Deal with Manchin Democratic leaders have finalized a revised proposal to lower prescription drug prices for seniors, part of a broader scramble to satisfy Sen. Joe Manchin (D-WV) and resurrect a long-stalled economic package that they hope to advance as soon as this summer. […]
News from Washington Bipartisan Pair of Senators Unveils Bill to Lower Insulin Costs Sens. Jeanne Shaheen (D-NH) and Susan Collins (R-ME) unveiled legislation aimed at lowering the cost of insulin, seeking a bipartisan breakthrough on one of the highest-profile examples of high drug prices challenging patients. The legislation would cap patients’ out of pocket costs for […]
News from Washington Democrats Face Congressional Rout Amid Historically Terrible Headwinds Democrats knew the first midterm election of President Biden’s tenure in office would be a challenge. But the cascade of catastrophe has even the most optimistic Democratic Party strategists and pollsters staring into an unprecedented abyss. Their standing, about five months before voters head […]
Government statistics for inflation have confirmed what consumers already know – the cost of everything is going up, by a lot! Americans have felt the pinch at the gas pump, the grocery store, and other aspects of our daily lives. Fortunately, Health Savings Accounts offer some relief from higher inflation, and recent changes announced by […]
News from Washington Inflation Rises 8.6%, the Fastest Pace in Over 40 Years A key gauge of inflation accelerated by 8.6% from a year earlier in May, the government said June 10, a big leap from the previous month as costs for food and gasoline continued to surge. Higher prices showed few signs of relief […]