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HILL ENERGY BRIEFING: Biden Negotiates New Energy, Climate Plan

June 21, 2022, 10:14 AM

The White House and congressional Democrats are in advanced talks on legislation that aims to fight inflation, rein in the deficit and revive parts of President Joe Biden’s stalled economic agenda.

The contours of a potential deal remain under negotiation, but the package would likely include capping the price of insulin—a key medicine for diabetics—and federal investments in both clean energy and fossil fuels, according to people briefed on the talks. It would also further reduce the budget deficit and boost taxes on the wealthy, corporations or both, they said.

An agreement could come together as soon as this week, ...