Biden, Manchin talked about the social spending bill after Manchin was rejected


© Reuters. US President Joe Biden arrived in Gordon’s Pond in Rehoboth Beach, Delaware, USA on December 27, 2021 in a Marine One helicopter for his vacation.Reuters/Jonathan Ernst


Kanishka Singh

(Reuters)-A White House adviser said on Friday that U.S. President Joe Biden and Senator Joe Manchin talked about “rebuilding better the day after the conservative Democratic senator publicly rejected the president’s social spending plan.” “The bill.

“He (Biden) has some confidence in (the bill), including his discussions with Senator Manchin,” Jared Bernstein, a member of the White House Council of Economic Advisers, said in an interview with CNN on Friday.

“The President and Senator Manchin-the day after announcing that the senator said he could not vote for the bill-they started talking again.”

Manchin, a conservative Democratic senator, earlier this month rejected the president’s “rebuild better” plan, a move that jeopardized legislation.

Manchin’s move prompted the investment bank Goldman Sachs (NYSE:) to lower its forecast for US economic growth. Manchin’s rejection of the bill may result in hundreds of billions of dollars in funds being used to address climate change and achieve the climate goals of the Biden administration.

Manchin expressed concern about a number of proposals in the domestic policy bill signed by Biden, including a number of climate proposals and the extension of monthly child tax credit payments.

Biden told reporters after Manchin was rejected that he and the senator would “make a difference” in legislation.

Manchin’s support is crucial in the Senate, where Democrats have minimal control, while Republicans are united against the bill. Senate Majority Leader Chuck Schumer said that the Senate will vote on the package in early 2022.

U.S. House of Representatives Liberal Democrat Pramila Jayapal asked Biden to continue to pay attention to social spending legislation and urged him to take administrative action, even though Manchin publicly rejected the plan.

Disclaimer: Converged Media I would like to remind you that the data contained on this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers, so prices may be inaccurate and may be different from actual market prices, which means that prices are indicative and not Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone associated with Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *