Pelosi and Schumer Discuss Legislative Moves to Cut Gasoline Prices and Tackle Inflation

  • Rising prices a top concern for voters ahead of November vote
  • Gas tax holiday, supply change fixes on table to ease prices
Chuck Schumer and Nancy PelosiPhotographer: Stefani Reynolds/Bloomberg
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House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met to discuss possible legislation to reduce gasoline prices, according to a Democratic aide, as inflation poses an increasing political threat ahead of the midterm election.

Leaders are hoping to pass legislation dealing with gas prices before the end of May but would need Republican cooperation in the Senate to do so. The GOP is pushing for expanded fossil fuel production domestically, something progressive Democrats may be unable to support.