On The Money — Biden and the Fed struggle to tame inflation

Prices rose at an even faster rate in June than in May despite the government’s efforts to bring them down. We’ll also look at a key addition to the Federal Reserve and Sen. Joe Manchin's (D-W.Va.) concerns about the latest attempt to revive Biden’s economic agenda. 

But first, a new rule that may transform student loan interest. 

Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line...

NotedDC — Democrats face economic messaging crisis

Democrats are poised to deal with an even bigger obstacle in touting a strong labor market and recently dropping gas prices following the report that annual inflation hit its highest rate since 1981.

A 9.1 percent increase over the past 12 months is not welcome news to Democrats who are trying to fend off attacks from Republicans about rising daily costs, especially when voters consistently rank inflation as a No. 1 or 2 priority issue in polls. 

Some party strate...

HHS: Pharmacists can’t deny patients legally prescribed abortion drugs

The Biden administration on Wednesday said retail pharmacies and pharmacists must provide patients with the medication they were legally prescribed even if it could be used in an abortion.

The guidance to about 60,000 retail pharmacies from the Department of Health and Human Services (HHS) comes amid reports of pharmacists turning away women seeking abortion medication, or even medication used primarily to treat other ailments but that can cause abortions.

"The Depar...

Manchin pumps brakes: Bill ‘needs to be scrubbed much better’

Centrist Sen. Joe Manchin (D-W.Va.) on Wednesday pumped the brakes on negotiations with Senate Majority Leader Charles Schumer (D-N.Y.) over a budget reconciliation bill, warning the bill “needs to be scrubbed much better” after a new report shows inflation hit 9.1 percent in June. 

Manchin told reporters Wednesday he’s not sure if he can agree to anything beyond the prescription drug reform component of the bill, which has already been sent to the Senate parliamentarian’s off...

Manchin: Inflation ‘now poses a clear and present danger to our economy’

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Democrat Tim Ryan touts Fox News appearances in new Ohio Senate campaign ad

Rep. Tim Ryan (Ohio), a Democrat running for Senate in an increasingly red state, is touting interviews, appearances and mentions on the conservative Fox News channel in a new campaign ad.

Ryan appears throughout the 30-second campaign ad, titled "Fox News Friends," as several Fox hosts and reporters compliment him in a series of video clips.

In the ad, Fox personality Bret Baier calls Ryan "tough on China" and reporter Peter Doocy says the congressman has "more modera...

Republicans aren’t guaranteed to sweep the midterms, but if they do, here’s what to expect

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The debt ceiling strategy is no excuse to go nuclear on the filibuster

Pressure to “nuke” the Senate filibuster is rising among Democrats as they seek to legislate new policy on such divisive issues as voting, guns and abortion. Last week, even President Joe Biden joined the chorus calling for a “carve-out” in Senate rules to codify now-defunct Roe v. Wade protections. One argument put forth by party activists, writers and even Hillary Clinton points to their success in raising the debt limit in December 202...

House Democrats tee up votes on abortion rights bills

House Democrats are planning to vote next week on a pair of bills aimed at protecting access to abortion as lawmakers try to chart a path forward in the post-Roe world.

As lawmakers return to the Capitol for the first time since the Supreme Court overturned Roe v. Wade, the House plans to vote on legislation that will protect women who need to travel to seek an abortion if they live in a state that now bans it. 

Some Republican governors and anti-abor...

Biden to announce executive action to protect abortion access

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