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national

Biden: Medicare drug price talks to cut deficit by $160B in future

TL/DR - President Biden has claimed that legislation he signed, the Inflation Reduction Act, has saved the federal government $160 billion by giving Medicare the power to negotiate lower prescription drug prices. However, these savings have not yet been realized, with the Congressional Budget Office projecting 10-year cumulative savings of $161.7…

House GOP Against Environmental Justice

TL/DR - Speaker Mike Johnson’s first bill in the House aims to cut $5-6 billion of funding from the Inflation Reduction Act, which would adversely impact many energy and climate projects. The proposed cuts would also hinder environmental justice efforts and programs meant to support disadvantaged communities. Critics argue that this bill reflects…