Bloomberg Law
July 15, 2022, 8:25 PM

Biden Vows Action on Climate, Pushes for Drug Pricing Bill

Nancy Cook
Nancy Cook
Bloomberg News

President Joe Biden vowed to take executive action on climate change after Senator Joe Manchin put a sweeping tax and energy bill on hold, telling congressional Democrats to move ahead on a smaller measure to rein in drug prices and stop premium hikes for Obamacare.

Manchin said Friday he’d be willing back a prescription drug pricing package tied to a two-year extension of Affordable Care Act subsidies before a scheduled August recess. But he put the brakes on enacting a wider package of tax changes and measures to address climate change until at least September.

The delay prompted other congressional ...