Topher Spiro @TopherSpiro46
White House Office of Management and Budget, Associate Director for Health whitehouse.gov Joined January 2021-
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1. One way pharma companies block competition and inflate the cost of medicines is by filing bogus patent listings. Today @FTC challenged over 300 junk patent listings, including for blockbuster weight-loss & type 2 diabetes drugs Ozempic and Victoza. ftc.gov/news-events/ne…
Auto insurance in PPI, which is what goes into PCE, came in much cooler than CPI in March month-to-month: 0.1%, versus CPI's 2.6%. That difference alone will shave ~10bps off of monthly core PCE in March relative to core CPI.
Core CPI inflation comes in at 0.36% MM, the same monthly rate as last month. Markets were expecting ~0.27%. Year-on-year core CPI inflation was 3.80% this month, versus 3.75% in February. A few observations. /1
Nothing to see here. Underlying inflation in core CPI (blue) - services inflation x/ owners' equivalent rent, healthcare & transport - is well very behaved in the March data. We're on the tail-end of start-of-year price resets now. Inflation will slow sharply in April data...
For years, Congressional Republicans said they wanted to secure the border. President Biden and his team worked for months with a group of bipartisan Senators to reach a historic bipartisan border deal. And then, Congressional Republicans just walked away.
Absolutely wild that this is presented as something the drug companies are doing and not a law that the Biden admin passed.
Absolutely wild that this is presented as something the drug companies are doing and not a law that the Biden admin passed.
Health system transformation >
Today, Jill and I mourn the loss of Ady Barkan and offer our deepest condolences to Rachael, Carl, and Willow during such a difficult time. He turned his pain into purpose and, in turn, inspired optimism in the hearts of countless people living with ALS and their loved ones…
Farewell, beautiful soul. politico.com/magazine/story…
Hi all, this is Ady’s wife, Rachael. I’m devastated to share the news that Ady has died from complications of ALS. You probably knew Ady as a healthcare activist. But more importantly he was a wonderful dad and my life partner for 18 years. [1/4]
It’s rare to see a more self-defeating “offset” than imposing spending cuts that add to the deficit. This was fairly predictable as the IRS money was originally scored as a deficit reducer.
It’s rare to see a more self-defeating “offset” than imposing spending cuts that add to the deficit. This was fairly predictable as the IRS money was originally scored as a deficit reducer.
Every $1 you cut IRS funding will lose about $2 of revenue. So that means this bill would add about $30 billion to the deficit. crfb.org/blogs/irs-resc…
Every $1 you cut IRS funding will lose about $2 of revenue. So that means this bill would add about $30 billion to the deficit. crfb.org/blogs/irs-resc…
“That is theater. I will tell you, the guy who picks up the trash in my office won’t get a paycheck. That’s real.” — OMB Director Shalanda Young, when asked about House Speaker McCarthy claiming he won't take a salary during the government shutdown and if Biden will do the same
Do you know about the @CDCgov Bridge Access Program? This program will provide no-cost COVID-19 vaccines to adults without health insurance and for those who have insurance that does not cover vaccine costs.
OMB director Shalanda Young Is on the TIME100 time.com/collection/tim…
A first: Biden administration uses leverage to require #Regeneron to charge no more in the US for a future #Covid monoclonal than it does in economic peer countries. @statnews' @rachelcohrs reports. statnews.com/2023/09/13/cov…
Paul Friedrichs is going to be the inaugural director of the White House Office of Pandemic Preparedness and Response People who know me know -- I am genuinely thrilled Paul is awesome Let me explain a bit why nytimes.com/2023/07/21/us/…
Two graphs I bet the White House is going to be showing off together a bunch: The U.S. has the highest post-pandemic growth among the G7, and it currently has the lowest inflation (both headline and core).
First on CNN: The White House Council of Economic Advisers has built an apples-to-apples inflation metric that finds inflation in the US is lower than in any other G7 country. cnn.com/2023/06/27/eco… #EconTwitter
Jeff Zients @WHCOS
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Great news! Let’s make sure $5 billion is put to good & urgent use. We can’t wait 10 years for next gen vaccines, Dx & treatments. We must have sense of urgency, alignment & collaboration similar to OWS. #OperationResilience #LetsDoThis @WHOSTP @POTUS @WHCOS @JakeSullivan46
The agreement would rescind about $30 billion in unspent coronavirus relief money that Congress approved through previous bills, with exceptions made for programs including the $5 billion for a program to develop the next generation of COVID-19 vaccines and treatments. #vaccines
I’d like to thank @AmbRice46 for her amazing leadership of the Domestic Policy Council. She assembled a tremendous team. I’m looking forward to serving the President in this role and making progress on behalf of the American people. Lots to do and great to get started!
The proudest professional title I will ever carry. LFG.
LFG: "Mr. Biden’s campaign team took notice later that spring when the New York Times reported that Mr. Trump had complained that Mr. Biden had a 'team of killers.' Campaign aides referred to Ms. Bedingfield as the 'Captain of the ‘Team of Killers’...” wsj.com/articles/white…
@apoorva_nyc There is no confusion among experts, including one of the primary ones interviewed for this piece, about the value of vaccination for kids with a recent infection. It is essential.
Excited to hear that the CDC authorized COVID19 vaccines for our littlest group. My girls had COVID19 this past winter. But I’m still going to get them vaccinated. Here’s why… time.com/6188890/covid-…
!!!!!!!!!!!
Good depth. Natural lighting. Remember Covid? Helping @USAID get the world vaccinated is 10/10 @JeremyKonyndyk
This thread-I had two kids and barely made it the year I did. It’s exhausting, high pressure, and often thankless, and I’m super grateful for the people who have made sacrifices for service
I started in the Obama White House on day two in 2009. I felt lucky every day to be there, but it was also the hardest job I've ever had, bar none. The pressure was incredible, knowing how much we were trying to do and how badly people needed problems fixed right away.
I don't know how anyone has lasted a year in the middle of a pandemic, in the midst of a Big Lie and all that we're facing. I'm grateful for everyone that has. But I wish we would just thank them for their great and VERY HARD WORK and stop making it a statement on something else
Biden’s vax plan is kind of ingenious. Nominally it’s not a bad vax mandate. You can do weekly testing. But good luck finding employers who want to take on the administrative overhears, let alone cost of testing you once a week.
Great to see this profile feature on @j_g_allen in @ScienceMagazine today. He has been a leading light for the pandemic for the importance of air quality, masks, ventilation and more science.sciencemag.org/content/373/65… by @douglasstar with @ScienceVisuals
@TopherSpiro46 @StephArmour1 I'm left with questions about the OMB clearance process.
This #ImmigrantHeritageMonth I honor my parents who arrived in the US on different coasts, by ship and by plane over 50 years ago. As former public servants they taught me about the importance of serving our country, and gave me the opportunity to do so.
The importance of this effort can't be overstated. Aside from the obvious moral imperative, it's in the US's selfish self-interest to vaccinate the poorest countries in a hurry. If these mutations accelerate the current vaccines may not protect us very well a year from now.
President Biden also said that he is putting Jeff Zients, White House coronavirus response coordinator, in charge of his effort to beat back the pandemic globally. By @josh_wingrove bloomberg.com/news/articles/…
Woot!
These extraordinary times and circumstances of call for extraordinary measures. The US supports the waiver of IP protections on COVID-19 vaccines to help end the pandemic and we’ll actively participate in @wto negotiations to make that happen.
@TopherSpiro46 we include the whole list in the post! Almost $93 billion!
@TopherSpiro46 hey Topher, it has....HCBS!!!!! (This is because i can’t run down the hall to your office a million times a day to say this)
A year ago tonight was the last time I was in person with @chrislhayes. In a few minutes I join him at the Lincoln Memorial on @MSNBC
This is one of the federal vaccination sites that @POTUS has established.
In four weeks in office, the Biden-Harris administration has increased weekly vaccine supply to state sites by almost 50%. But no, it still isn't enough. We inherited a mess; it's going to take time to fix.
In the race to increase Covid-19 vaccinations, states have opened mass inoculation sites and expanded eligibility. But a big problem remains: The supply of shots isn’t increasing fast enough. nyti.ms/3jPRfXT