U.S. President Joe Biden on Thursday touted his plan to bring down the cost of prescription drugs as an antidote to high inflation on a day when government data showed consumer prices posted their biggest annual gain in 40 years in January.
Speaking at an event in Virginia, Biden said that proposals in his Build Back Better legislation would help bring down prices for families. The roughly $1.7 billion bill, which includes social spending and climate change provisions, is stalled and Biden has said previously that chunks, rather than the full package, could pass.
