$3.5 trillion

Health

House panel rejects drug pricing plan in setback to Biden

House Energy and Commerce Chairman Frank Pallone, D-N.J., with Rep. Cathy McMorris Rodgers, R-Wash., right, the ranking member, as they continue work on the “Build Back Better” package. A House committee dealt an ominous if tentative blow Wednesday to President Joe Biden’s huge social and environment package, derailing a money-saving plan to let Medicare negotiate

Economy

Senate Democrats reach $3.5 trillion budget agreement

Senate Democrats announced late Tuesday that they’d reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and family-service programs sought by President Joe Biden. The accord marks a major step in the party’s push to

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