Biden lowers spending bill target to between $1.75T and $1.9T: report


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Democratic leaders set October 31 deadline to reach an agreement

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According to a report on Tuesday, President Biden has privately informed Democratic lawmakers that he is optimistic that he can reach an agreement on a social spending plan of about $1.9 trillion, a spending target that will come from that huge economic overhaul. will mark the significant shortfall they initially envisioned.

Biden detailed a possible deal for a proposal to cost between $1.75 trillion and $1.9 trillion during a private meeting on Tuesday. Washington Post The news has been reported quoting sources familiar with the matter. The president is said to have shared the outline with at least some Democratic lawmakers.


The revised package includes many of the original plan’s signature proposals, including Universal Pre-K, substantial investments in green energy, and expanded Medicare benefits. However, sources told the Washington Post that details were still subject to change.

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The Post reported that the downsized spending plan could cut or curtail many programs supported by progressive leaders, including less money for affordable public housing, a one-year child tax credit extension only, and less paid vacation.

The latest spending benchmark indicates that Biden and other Democratic leaders have made significant cuts to their massive spending plan to achieve an agreement that satisfies both moderate and progressive Democratic lawmakers. Democratic leaders have set an October 31 deadline to reach an agreement on a spending plan and a separate $1.2 trillion bipartisan infrastructure deal.

White House Press Secretary Jen Psaki said during her daily briefing that the administration is “continuing to make progress” toward an agreement, with Biden taking a leading role in the talks.

Democratic Moderate Sense. Joe Manchin of West Virginia and Kirsten Cinema of Arizona said they would not support Biden’s original $3.5 trillion spending plan without major cuts. Munchkin has publicly called for a spending plan of close to $1.5 trillion.

It is unclear whether House Progressives will support the plan to spend at the lower end of the proposed range. Progressives have implored Democratic leaders not to reduce the scope of the spending plan, even if it means funding programs in the short run.

Earlier in the day, House Progressive Caucus Chair Pramila Jayapal expressed optimism that a deal would be done, though she said Biden has “consistently set a number that is somewhere between $1.9 and $2.2.” [trillion]”

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“Look, this is not the number we want,” she told reporters. “We’ve constantly tried to make it as high as possible, but at the end of the day, the idea is that we can do these programs, many of the programs that actually run them so that they provide people with immediate transformational benefits. are focused on.”

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