Business

Biden, Manchin discuss social spending bill after US senator rejects supervisor


2/2

© Reuters. U.S. President Joe Biden arrives for a Marine One helicopter vacation at Gordons Pond in Rehoboth Beach, Delaware, U.S. December 27, 2021. REUTERS / Jonathan Ernst

2/2

By Kanishka Singh

(Reuters) – US President Joe Biden and Senator Joe Manchin talked about the “Build Back Better” bill a day after the conservative Democratic senator publicly rejected the social spending plans. presidential association, a White House adviser said Friday.

“He (Biden) has little confidence in that[bill]including the discussions he’s had with Senator Manchin,” said Jared Bernstein, a member of the House panel of economic advisers. White, said in an interview with CNN on Friday.

“The President and Senator Manchin – the day after that announcement, where the senator said he could not vote on the bill as it is – they talked again.”

Reuters previously reported that Biden and Manchin had made no significant progress in negotiations after Manchin rejected the plan in early December but aides felt reassured that lines of communication remained open. open and friendly. Biden told reporters this week that the pair have not spoken since.

Manchin’s rejection is detrimental to the legislation because his support is crucial in the Senate, where Democrats have the thinnest margin of control and Republicans are united in opposing the bill. Senate Majority Leader Chuck Schumer said the house would vote on a package in early 2022.

Manchin’s move prompted investment bank Goldman Sachs (NYSE:) to lower its forecast for US economic growth. Manchin’s rejection of the bill threatens to cost hundreds of billions of dollars in funding measures to combat climate change and meet the Biden administration’s climate goals.

Manchin has expressed concern about several proposals in the domestic policy bill signed by Biden, including multiple climate proposals and extending monthly child tax credit payments.

Biden told reporters after Manchin’s denial that he and the senator would “get something done” on the legislation.

US Representative Pramila Jayapal, a leading Liberal Democrat, has asked Biden to continue focusing on social spending legislation and urged him to use action despite Manchin’s public rejection of the plan.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so prices may be inaccurate and subject to change. differs from the actual market price, which means that the price is indicative only and is not suitable for trading purposes. Therefore, Fusion Media does not accept any responsibility for any trading losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media shall not bear any liability for loss or damage resulting from reliance on information including data, quotes, charts and buy/sell signals contained in this site. Please be fully informed of the risks and costs associated with trading in financial markets, which are among the riskiest forms of investment possible.



Source link

news7d

News of max: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button