Traditionally, August has been a slow news month when it comes to news out of Washington, D.C. That is because Congress takes its traditional August break, which we wrote about last week.
This year, of course, the first part of August broke with that tradition when Congress passed the Inflation Reduction Act, which contains the provision to allow Medicare to start negotiating with drug companies regarding the prices of certain prescription drugs.
Now, we are in that news lull as members of Congress are either back home campaigning for re-election or else taking a family vacation before their work resumes after Labor Day. And they have a lot of work to do, including funding the federal government for the 2023 fiscal year which begins on October 1.
