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Politics Democrats reach drug price deal, Biden upbeat on Manchin

06:55  03 november  2021
06:55  03 november  2021 Source:   msn.com

Manchin Says Spending Deal 'Should Be' Reached This Week, Sticks By $1.5T Top-Line Number

  Manchin Says Spending Deal 'Should Be' Reached This Week, Sticks By $1.5T Top-Line Number Manchin has opposed the proposal's efforts to expand Medicare, fund child care and fight climate change.After weeks of negotiations between Manchin, fellow moderate Democratic Arizona Senator Kyrsten Sinema, Democratic progressives and Democratic President Joe Biden, Manchin told reporters on Monday that he believed a framework on the spending package "should be" feasible this week.

Democrats reached agreement on a plan to lower prescription drug costs for most older people, capping out-of-pocket Medicare costs at ,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden s .75 trillion domestic policy proposal. Schumer acknowledged it's not as sweeping as Democrats had hoped for, but a compromise struck with one key holdout Democrat , Sen. Kyrsten Sinema of Arizona. And Biden sounded upbeat about winning overall backing from another holdout, Democratic Sen. Joe Manchin of West Virginia who threw the

And Biden sounded upbeat about winning overall backing from another holdout, Democratic Sen. Joe Manchin of West Virginia, who threw the president's plan in flux this week by refusing to endorse it. "He will vote for this,” Biden said of Manchin during remarks at a global climate summit in Scotland. Blame is pointing all around as negotiations over Biden 's ambitious package have dragged on, with Democrats unable to mount the support to pass the bill. Progressive and centrist lawmakers, particularly Manchin and Sinema, have fought over details of the sprawling 1,600-page package.

WASHINGTON (AP) — Democrats reached agreement on a plan to lower prescription drug costs for most older people, capping out-of-pocket Medicare costs at $2,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden's $1.75 trillion domestic policy proposal.

Senate Majority Leader Chuck Schumer, D-N.Y., talk about the need for the John Lewis Voting Rights Advancement Act, as he meets with reporters following a Democratic policy meeting at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Senate Majority Leader Chuck Schumer, D-N.Y., talk about the need for the John Lewis Voting Rights Advancement Act, as he meets with reporters following a Democratic policy meeting at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite) Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite)

Senate Majority Leader Chuck Schumer on Tuesday announced the deal, which is one of the few remaining provisions that needed to be resolved in Biden's big package as the party moves closer to wrapping up negotiations. Schumer acknowledged it's not as sweeping as Democrats had hoped for, but a compromise struck with one key holdout Democrat, Sen. Kyrsten Sinema of Arizona.

Democrats squabble, scramble to meet self-imposed deadline. Why this week is vital for Biden.

  Democrats squabble, scramble to meet self-imposed deadline. Why this week is vital for Biden. Democrats still differ over what to strip out of Biden's budget bill, which is likely to be much smaller than the initial $3.5 trillion Biden pitched.House Speaker Nancy Pelosi, D-Calif., earlier this month, set a new deadline of Oct. 31 for the House to pass a $1.2 trillion bipartisan infrastructure bill and achieve consensus on a bigger budget bill that includes a number of liberal policies like subsidizing child care and fighting climate change.   .

WASHINGTON (AP) — Democrats reached agreement Tuesday on plan to lower prescription drug costs for older people, capping out-of-pocket Medicare costs at ,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden 's . Kyrsten Sinema of Arizona. And Biden sounded upbeat about winning overall backing from another holdout, Democratic Sen. Joe Manchin of West Virginia, who threw the president's plan in flux this week by refusing to endorse it. "He will vote for this," Biden said of Manchin during remarks at a global climate summit in

Democrats reach drug - pricing deal . Alayna Treene, Caitlin Owens. Senate Majority Leader Chuck Schumer announced Tuesday that Democrats have reached a deal on lowering Joe Manchin (D-W.Va.) to express support for President Biden 's massive social safety net expansion prompted him to

Sen. Joe Manchin, D-W.Va., a key holdout vote on President Joe Biden's domestic agenda, is surrounded by reporters after his statement yesterday indicating his support for the sweeping policy proposals was wavering, at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Sen. Joe Manchin, D-W.Va., a key holdout vote on President Joe Biden's domestic agenda, is surrounded by reporters after his statement yesterday indicating his support for the sweeping policy proposals was wavering, at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite)

And Biden sounded upbeat about winning overall backing from another holdout, Democratic Sen. Joe Manchin of West Virginia, who threw the president's plan in flux this week by refusing to endorse it.

"He will vote for this,” Biden said of Manchin during remarks at a global climate summit in Scotland.

Without divulging their private conversations, Biden said the senator was looking at the fine print of the legislation. “But I think we’ll get there,” the president said.

Paid family leave falls out of Biden bill as tempers rise

  Paid family leave falls out of Biden bill as tempers rise WASHINGTON (AP) — Top Democrats signaled a deal is within reach on President Joe Biden's big domestic bill but momentum fizzled and tempers flared late Wednesday as a paid family leave proposal fell out and a billionaires' tax appeared scrapped, mostly to satisfy a pivotal member of the 50-50 Senate. With his signature domestic initiative at stake, Biden will head to Capitol Hill on Thursday morning to urge Democratic lawmakers to bring talks on the social services and climate change bill “over the finish line” before he departs for global summits overseas.

Democrats are furiously negotiating a plan to lower prescription drug prices , making significant progress over the weekend but racing to finalize a deal before a House vote on President Biden 's mammoth social spending package as soon as this week. The fate of one of the party's signature issues hangs in the Joe Manchin (D-W.Va.), a backer of lowering drug prices , told reporters on Monday he still had concerns about the broader .75 trillion framework Biden unveiled last week and isn't fully on board. The compromise drug pricing proposal under discussion would be significantly scaled-back

Kyrsten Sinema, a moderate Democrat who was a reported holdout. After previously being considered left on the cutting room floor, a deal to lower prescription drug costs is back in President Joe Biden 's Build Back Better framework. (Bloomberg) -- Senator Joe Manchin said Congress needs more time to assess the impact of President Joe Biden ’s .75 trillion tax and spending package on the economy and the national debt, slamming the door on hopes by Democratic leaders for quick action on the plan.Most Read from BloombergSupply Chain Crisis Risks Taking the Global Economy Down With

Democrats are rushing to overcome party battles and finish a final draft of Biden's plan. House Speaker Nancy Pelosi had hoped to wrap up the draft and pave the way for voting as soon as Thursday on the overall package, according to her remarks at a closed-door caucus meeting. But no votes have been scheduled.

Sen. Kyrsten Sinema, D-Ariz., walks to the chamber after a Senate Democratic Caucus meeting at the Capitol in Washington, Tuesday, Nov. 2, 2021. Sinema, a key holdout on President Joe Biden's social agenda, reached a deal with Senate Majority Leader Chuck Schumer on a plan to lower prescription drug costs for older people, capping out-of-pocket Medicare costs at $2,000 and reducing the price of insulin. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Sen. Kyrsten Sinema, D-Ariz., walks to the chamber after a Senate Democratic Caucus meeting at the Capitol in Washington, Tuesday, Nov. 2, 2021. Sinema, a key holdout on President Joe Biden's social agenda, reached a deal with Senate Majority Leader Chuck Schumer on a plan to lower prescription drug costs for older people, capping out-of-pocket Medicare costs at $2,000 and reducing the price of insulin. (AP Photo/J. Scott Applewhite)

The stakes are stark as Democrats are warily watching governors' races Tuesday in two states — Virginia and New Jersey — that are seen as bellwethers in the mood of the electorate. Democrats are struggling to hold states that recently favored the party over Republicans.

Paid leave's demise tough on backers in Manchin's home state

  Paid leave's demise tough on backers in Manchin's home state CHARLESTON, W.Va. (AP) — Jessi Garman, the mother of 3-year-old twin girls, has been searching for a job while also trying to have a third child with her husband, who's in the military. Optimistic that Congress finally would approve paid family medical leave, she thought the time seemed right. But that was before opposition by Democratic Sen. Joe Manchin of West Virginia torpedoed the proposal. Both having another baby and getting full-time work doesn't seem feasible now, and Garman's hopefulness has turned into anger. “It almost feels personal because Joe Manchin is my senator,” said Garman, of Milton.

WASHINGTON — Democrats reached agreement Tuesday on a deal to lower prescription drug costs for older people, capping out-of-pocket Medicare costs at ,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden 's .75 trillion domestic policy proposal. Blame is pointing all around as negotiations over Biden 's ambitious package have dragged on, with Democrats unable to mount the support to pass the bill. Progressive and centrist lawmakers, particularly holdout Sens. Joe Manchin and Sinema, have fought over details of the sprawling 1

WASHINGTON (AP) — Democrats reached agreement Tuesday on a deal to lower prescription drug costs for older people, capping out-of-pocket Medicare costs at ,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden ’s .75 trillion domestic policy proposal. Blame is pointing all around as negotiations over Biden ’s ambitious package have dragged on, with Democrats unable to mount the support to pass the bill. Progressive and centrist lawmakers, particularly holdout Sens. Joe Manchin and Sinema, have fought over details of the sprawling 1

Fingers are pointing all around as negotiations over Biden's ambitious package have dragged on, with Democrats unable to pass the bill. Progressive and centrist lawmakers, particularly Manchin and Sinema, have fought over details of the sprawling 1,600-page package.

“I think what most people think: The situation is like, ‘Okay, we elected Democrats to have the majority in the House, the Senate and the presidency. They should be getting things done,’” Democratic Rep. Elaine Luria, who represents a swing district in Virginia, told reporters at the Capitol.

Rep. Pramila Jayapal, D-Wash., chair of the Congressional Progressive Caucus, updates reporters after meeting with Speaker of the House Nancy Pelosi and fellow Democrats as President Joe Biden's $1.75 trillion domestic policy package remains in limbo, at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Rep. Pramila Jayapal, D-Wash., chair of the Congressional Progressive Caucus, updates reporters after meeting with Speaker of the House Nancy Pelosi and fellow Democrats as President Joe Biden's $1.75 trillion domestic policy package remains in limbo, at the Capitol in Washington, Tuesday, Nov. 2, 2021. (AP Photo/J. Scott Applewhite)

Still, Democrats shored up at least one unsettled provision — reviving a prescription drug deal that had been scrapped from Biden's framework in a blow to Democrats' years-long effort to reduce pharmaceutical costs by allowing Medicare to negotiate for lower prices.

On The Money — Presented by Citi — Progressives shrug off Manchin warning

  On The Money — Presented by Citi — Progressives shrug off Manchin warning Happy Monday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup.Today's Big Deal: High tensions and high stakes between House progressives and Sen. Joe Manchin (D-W.Va.) We'll also look at the latest on the debt ceiling and stablecoin rule proposals.For The Hill, I'm Sylvan Lane. Write me at slane@thehill.com or @SylvanLane. You can reach my colleagues on the Finance team Naomi Jagoda at njagoda@thehill.com or @NJagoda and Aris Folley at afolley@thehill.com or @ArisFolley.Let's get to it.

“It’s not everything we all want. Many of us would have wanted to go much further, but it’s a big step in helping the American people deal with the price of drugs,” Schumer said at the Capitol.

Schumer said that for the first time, Medicare will be able to negotiate prescription drug prices in its Part B and Part D programs. The $2,000 cap on out-of-pocket costs would benefit those older Americans with the Part D prescription drug benefit, who number some 48 million, Democrats said.

And there would be "a new monthly cap on the price of insulin, and an ‘inflation’ rebate policy to protect consumers from egregious annual increases in prices,” Schumer said. The insulin prices would fall from as high as $600 a dose to $35.

President Joe Biden speaks during a news conference at the COP26 U.N. Climate Summit, Tuesday, Nov. 2, 2021, in Glasgow, Scotland. (AP Photo/Evan Vucci) © Provided by Associated Press President Joe Biden speaks during a news conference at the COP26 U.N. Climate Summit, Tuesday, Nov. 2, 2021, in Glasgow, Scotland. (AP Photo/Evan Vucci)

The penalties on drug manufacturers for raising prices beyond the inflation rate begin this year.

Sinema’s office issued a statement saying the senator “welcomes a new agreement on a historic, transformative Medicare drug negotiation plan that will reduce out-of-pocket costs for seniors.”

AARP, the powerful organization for older Americans, signaled support as it waits for details. CEO Jo Ann Jenkins said in a statement there was “no greater issue affecting the pocketbooks of seniors on Medicare than the ever-increasing costs of prescription drugs.”

How Sinema and Manchin are blocking a new Democratic consensus on Biden bills

  How Sinema and Manchin are blocking a new Democratic consensus on Biden bills It's hard to see amid the stormy conflict with Sens. Joe Manchin and Kyrsten Sinema, but the elongated Democratic standoff over President Joe Biden's economic agenda shows how far the party consensus has moved toward a more aggressive role for government than during the presidencies of Bill Clinton or even Barack Obama. © AFP/Getty Images The intractable disagreements with Manchin and Sinema about the size and scope of the economic package have produced weeks of ugly deadlock among Democrats -- and Manchin's unexpectedly harsh denunciation of the party's sweeping economic development and social safety net bill on Monday points t

Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite)

But Pharmaceutical Research and Manufacturers of America president and CEO Stephen J. Ubl said the proposal “gives the government the power to dictate how much a medicine is worth.” The pharmaceutical lobby warned it “threatens innovation.”

On another issue, Democrats neared agreement on a plan to do away with the $10,000 limit on state and local tax deductions that particularly hits New York, California and other high-tax states and was enacted as part of the Trump-era 2017 tax plan.

Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite) © Provided by Associated Press Speaker of the House Nancy Pelosi, D-Calif., arrives to meet with the Democratic Caucus at the Capitol in Washington, early Tuesday, Nov. 2, 2021. Even as Sen. Joe Manchin, D-W.Va., is wavering over supporting President Joe Biden's $1.75 trillion domestic policy package, Democratic leaders are vowing to push ahead, with voting possible on the bill this week. (AP Photo/J. Scott Applewhite)

While repeal of the so-called SALT deduction cap is a priority for several northeastern state lawmakers, progressives want to prevent the super-wealthy from benefiting. Under an emerging plan, the cap would be repealed from 2021 to 2025, but reinstated from 2027 to 2031, according to a person who requested anonymity to discuss the private talks.

Joe Manchin Surrounded by Climate Protesters as He Steps Off Houseboat: 'We Want to Live'

  Joe Manchin Surrounded by Climate Protesters as He Steps Off Houseboat: 'We Want to Live' The protesters called for the West Virginia senator to be removed from his position chairing the Energy and Natural Resources Committee. Above, Manchin arrives for a news conference at the U.S. Capitol on November 1, 2021 in Washington, D.C. Manchin has raised concerns about the Build Back Better Act, whose details President Joe Biden outlined last week. The senator said on Monday he doesn't intend to support the legislation until he knew more about the impact it would have on both the national debt and inflation.

Despite efforts to drive momentum, Manchin interjected fresh uncertainty Monday by publicly wavering again over whether or not he would support the party's ambitious effort.

The conservative West Virginia Democrat has been an unreliable partner for Biden's big vision, raising questions and concerns about the president's plans expand health care, child care and other social services and tackle climate change.

A group of House Democrats huddled with Manchin privately Tuesday at the Senate. Manchin's outlook angered some lawmakers who have tired of his protests but energized others, particularly progressives, to speed up the vote. He showed no signs of relenting Tuesday, despite widespread criticism over the power of a single senator to hold up the party's signature domestic priority.

“It's going to be a while,” Manchin said in brief comments Tuesday at the Capitol.

Rep. Pramila Jayapal, D-Wash., the leader of the progressive caucus said, “I don’t know what Sen. Manchin is thinking, but we are going to pass both bills through the House and we are going to deliver transformative change to the people.”

With Republicans staunchly opposed and no votes to spare, Democrats have been trying to unite progressive and centrist lawmakers around Biden’s vision.

“I think we're going to pass both bills — hopeful this week if we get the differences that are still outstanding resolved,” Majority Leader Steny Hoyer, D-Md., said at the Capitol.

Biden unveiled a framework for the package last week, a sizable investment in social service programs and climate change strategies, but Democrats are trying to negotiate immigration law changes and other final updates.

The $1.75 trillion package is sweeping in its reach, and would provide large numbers of Americans with assistance to pay for health care, education, raising children and caring for elderly people in their homes. It also would provide some $555 billion in tax breaks encouraging cleaner energy and electrified vehicles, the nation's largest commitment to tackling climate change.

Much of its costs would be covered with higher taxes on people earning over $10 million annually and large corporations, which would now face a 15% minimum tax in efforts to stop big business from claiming so many deductions they end up paying zero in taxes.

Some moderate Democrats in the House said they want to see the final assessment from the Congressional Budget Office on its entire budgetary costs, before taking the vote.

___

Associated Press writers Kevin Freking and Alan Fram contributed to this report.

The implosion that didn't happen -- and the very real issues Biden still confronts on his agenda .
For about 30 minutes on Monday, it appeared as if West Virginia Sen. Joe Manchin had rolled a hand grenade down the hallway in which President Joe Biden's $3 trillion, two-bill domestic agenda was patiently waiting to move through the House as soon as this week. © Drew Angerer/Getty Images WASHINGTON, DC - SEPTEMBER 30: Sen. Joe Manchin (D-WV) and  Director of the U.S. Domestic Policy Council Susan Rice exit a closed-door meeting at the U.S. Capitol on September 30, 2021 in Washington, DC. Manchin has stated that he will not support a social policy spending package that goes over $1.5 trillion, at odds with the $3.

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