Skip to content

Biden Team Negotiates Fresh Economic Plan as Inflation Antidote

  • President casts measure as combating inflation, budget deficit
  • Legislation would revive elements of Biden economic agenda
Video player cover image
Biden Says He's Never Been So Optimistic About Economy

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.