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Newsom joined in fight to lower Big Pharma drug prices by LA County

California Gov. Gavin Newsom (D). Photo by Justin Sullivan/Getty Images

California Gov. Gavin Newsom (D) marked his 100th day in office Wednesday with the announcement that Los Angeles County has joined the state's effort to negotiate lower prescription drug prices with pharmaceutical companies.

Why it matters: Newsom signed an executive order when he took office directing state officials to establish a program that would "ultimately be the nation’s largest single-purchaser system for prescription drugs." Los Angeles County is the first outside participant of his initiative, the San Francisco Chronicle reports.

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Hans Nichols, Alayna Treene
1 min ago - Politics & Policy

Schumer rattles reconciliation saber

More than an aisle separates Mitch McConnell and Chuck Schumer, seen in the Senate Chamber after the Capitol siege. Photo: Drew Angerer/Getty Images

Chuck Schumer is expected to telegraph, as soon as tonight, that he will use his political muscle to pass some of his party’s priorities — like President Biden's $1.9 trillion stimulus package.

Why it matters: While the Senate majority leader wants to work with Republicans on key legislation, advisers say, he will make clear that using the simple majority vote inherent in the budget reconciliation process is one of the big sticks at his disposal.

Go deeper (1 min. read)Arrow
Hans Nichols, Lachlan Markay
41 mins ago - Politics & Policy

Scoop: Former OMB director to set up Pro-Trump think tanks

OMB Director Russ Vought parfticipates in a photo-op for the printing of President Donald Trumps budget for Fiscal Year 2020 at the Government Publishing Office in Washington on Thursday, March 7, 2019. (Photo By Bill Clark/CQ Roll Call)

Russ Vought, who led Donald Trump's Office of Management and Budget, plans to announce two pro-Trump organizations Tuesday, aiming to provide the ideological ammunition to sustain Trump's political movement after his departure from the White House.

Why it matters: The Center for American Restoration and an advocacy arm, America Restoration Action, will try to keep cultural issues that animated Trump’s presidency on the public agenda, according to people familiar with the matter.

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Axios
2 hours ago - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Go deeper (1 min. read)Arrow