After the nationwide baby formula shortage began dominating news headlines, White House press secretary Jen Psaki said Friday the administration has been working on the formula issue for 'months.'
in Michigan where much of the country's formula is made. Abbott is the nation's largest manufacturer of formula, and at this point, 40% of the nation's formula is out of stock.
Friday morning, House Speaker Nancy Pelosi announced the House will bring up a bill next week to grant emergency authority to the Special Supplemental Nutrition Program for Women, Infants and Children program to address supply chain disruptions and recalls by relaxing certain regulations that are not related to the safety of the products.
"What we're trying to figure out is how do we fix these problems ASAP? How do we increase the supply? And how do we avoid price gouging at all costs? Because that is also an issue," said Rep. Raja Krishnamoorthi, citing reports that parents are paying three or four times the normal costs for formula. He called on the Federal Trade Commission and other agencies to look for price gouging in the market.
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