All eyes will be on Sen. Joe Manchin (D-W.Va.) this month to see whether Senate Democratic leaders are able to resurrect President Biden’s long-stalled climate and social spending package. Majority Leader Charles Schumer (D-N.Y.) on Wednesday took a step toward a potential deal to revive the “Build Back Better” bill, submitting text to the Senate parliamentarian of legislation that would allow the government to negotiate prescription drug prices for Medicare. The proposal on drug pricing — a stated goal of Manchin’s — would also cap out-of-pocket costs for Medicare users at $2,000 and impose an “inflation” refund policy if companies raise prices above inflation. The text needs to f
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