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Democrats Reach Drug Pricing Deal Key to Vote on Biden Plan

  • Agreement clears a hurdle to domestic policy agenda vote
  • Narrower set of medicine would be subject to price negotiation

Source: Getty Images

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Democrats struck a deal to add provisions aimed at lowering the price of some prescription drugs to President Joe Biden’s $1.75 trillion tax and spending bill, clearing a major hurdle to finishing the legislation and staging a House vote as soon as this week.

“Today we’ve taken a massive step forward,” Senate Majority Leader Chuck Schumer said in announcing the agreement.