Biden's Bold Plans: Tackling Child Care and Lowering Drug Prices

The expiration of nearly $24 billion in federal aid for daycare centers and preschools on September 30 is causing concern for the child care system, which has been crucial in stabilizing the economy and getting people back to work. Advocates warn that the funding cliff could result in rising prices and limited options for working families, potentially leading to job losses and longer waiting lists for child care facilities. The Biden administration has not prioritized the child care program in year-end funding negotiations, frustrating advocates who have sought up to $16 billion in replacement funding. The lack of immediate funding support may hinder the post-pandemic recovery and impact Biden's economic record.