U.S. Will Limit Next-Generation Covid Vaccines to High-Risk People This Fall If Congress Doesn't Approve More Funding

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U.S. Will Limit Next-Generation Covid Vaccines to High-Risk People This Fall If Congress Doesn't Approve More Funding
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The White House has warned that it does not have enough money to buy next-generation COVID vaccines for all Americans ahead of a possible fall infection wave.

Congress needs to pass funding within the next few weeks to ensure that contract negotiations between the federal government and the vaccine makers are in an advanced stage by July, the official said. However, Republicans in the Senate have vowed to block the money unless the White House reinstates Title 42, which allowed the U.S. to turn away asylum seekers at the nation's borders during the pandemic.

"If you look at the timelines, I don't think any manufacturer will be able to be ready in August to fill the channel with product," Bancel told CNBC's Meg Tirrell. The U.S. government's last contract for Covid vaccines with Moderna ended in April.

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