WASHINGTON — U.S. Treasury Secretary Janet Yellen said the Biden administration can and should still move ahead with important legislation that will help lower costs for American consumers, despite the blow to a wider fiscal package from Democratic Sen. Joe Manchin of West Virginia.
While Manchin has, for now, rejected several tax and climate provisions that President Joe Biden and his party’s leadership in Congress have been pitching to him, the holdout senator has said he would back a prescription drug pricing package tied to a two-year extension of Affordable Care Act subsidies.
“Those are very important initiatives to hold costs down and address a high cost of living for American families,” Yellen told reporters as she exited a gathering for finance ministers from the Group of 20 leading economies in Bali, Indonesia.
