Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Biden says he'll 'work like hell' to pass infrastructure, social spending bills

EconomyOct 02, 2021 05:55PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. President Joe Biden talks to reporters as Speaker of the House Nancy Pelosi watches after the president met with Democratic lawmakers at the U.S. Capitol to promote his bipartisan infrastructure bill on Capitol Hill in Washington, U.S., October 1, 20

By Jeff Mason

WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday he was going to "work like hell" to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans.

Biden visited the Capitol on Friday to try to end a fight https://www.reuters.com/world/us/democrats-struggle-reach-deal-congress-bidens-agenda-2021-10-01 between moderates and left-leaning progressives in his Democratic Party that has threatened the two bills that make up the core of his domestic agenda.

The president on Saturday acknowledged criticism that he had not done more to gin up support for the bills by traveling around the country. He said there were many reasons for that, including his focus on hurricane and storm damage during recent trips, among other things.

Biden said he would be traveling to make "the case why it's so important" to pass the bills and to make clear what is in them.

He said the bills were designed to make life easier for ordinary Americans by making child care affordable, for example.

"There's nothing in any of these pieces of legislation that's radical, that is unreasonable," Biden said. "I'm going to try to sell what I think the people, the American people, will buy."

Biden expressed confidence that both bills would get passed but declined to set a deadline, such as the November Thanksgiving holiday, for when that would happen.

"I believe I can get this done," Biden said.

Moderate Democratic lawmakers wanted an immediate vote on a $1 trillion infrastructure bill in the House of Representatives that has already passed the Senate, while progressives want to wait until there is agreement on a sweeping $3.5 trillion bill to bolster social spending and fight climate change.

House of Representatives Speaker Nancy Pelosi told Democratic lawmakers in a letter on Saturday that the House must approve the infrastructure bill "well before" Oct. 31, when highway funding legislation is set to expire. She said talks are continuing over the social spending bill. "We will and must pass both bills soon."

Biden, a former senator who is deeply familiar with the legislative process, told his caucus on Friday that they could delay a vote on the smaller bill and sharply scale back the larger one to around $2 trillion.

White House spokesperson Jen Psaki said the president and his team would continue to engage with members of the House and Senate throughout the weekend. "And he looks forward to not only welcoming members to the White House next week, but also traveling the country to make the case for his bold and ambitious agenda," she said.

Meanwhile the president said on Saturday he hoped Republicans would not use a filibuster in the Senate to block efforts to raise the debt ceiling.

"That would be totally unconscionable," he said.

The Treasury Department estimates that it has until about Oct. 18 for the government's $28.4 trillion borrowing limit to be raised by Congress or risk a debt default that could lead to potentially catastrophic economic consequences.

Biden says he'll 'work like hell' to pass infrastructure, social spending bills
 

Related Articles

Euro zone bond yields drop as COVID variant sows fear
Euro zone bond yields drop as COVID variant sows fear By Reuters - Nov 26, 2021

By Abhinav Ramnarayan and Dhara Ranasinghe LONDON (Reuters) -Euro zone government bond yields dropped sharply across the board on Friday as investors reacted to a newly identified...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (21)
Warren Wesley
Warren Wesley Oct 03, 2021 1:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what has he been doing the last three months? visiting Delaware?
Parekh Kar
Parekh Kar Oct 03, 2021 2:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he ll destroy everything which was build from scratchwhy did we elect this fool
Warren Wesley
Warren Wesley Oct 03, 2021 2:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why throw away what was working? what did you not like about the Republican policy? criminals prosecuted? closed borders? lie unemployment & inflation? open class rooms?
Warren Wesley
Warren Wesley Oct 03, 2021 2:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
some say Biden was elected. I think not...with out the illegal ballots cast he was beat.
Todd Gray
Todd Gray Oct 03, 2021 1:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Child care isn't what this country needs! It needs leadership that consistently puts "ordinary Americans" on equal legislated status as those of the people, by the people, but somehow no longer ordinary, and of the people - people! I mean isn't this country supposed to be of the people? And, how is it these elitist snobs are no longer of the people, but something better?
chetan sunny
chetan sunny Oct 02, 2021 10:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why So much Hate on Biden....May I know the reasons in brief ?
Parekh Kar
Parekh Kar Oct 02, 2021 10:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he is systematically destroying the system and creating a much bigger crisis which nation will face for much generations to come
Angus Malarkey
Angus Malarkey Oct 02, 2021 10:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The US hasn't had great leadership in decades. Biden is the worst of the worst because his M.O. is more like a tyrant/dictator than a Leader of the former Free World.
Kochar Bipin
Kochar Bipin Oct 02, 2021 10:10PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Let's see - if he is sincere, then he should get the infrastructure bill thru in next 2 weeks and then work towards a consensus on social spending bill
Jose Maderno
Jose Maderno Oct 02, 2021 9:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Reuters propaganda machine with another completely ridiculous article touting the work ethic of a dementia patient.
Kenneth Ellis
Kenneth Ellis Oct 02, 2021 9:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump lost, Snowflake. Alex Jones and Tucker Carlson lie and pander to you right-wing nut jobs.
Warren Wesley
Warren Wesley Oct 02, 2021 9:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
..its not looking like Biden won. that's the facts. hold on to your lies, but do not spread the disinformation.
Mark Stallone
Mark Stallone Oct 02, 2021 6:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump Landslide forthcoming '24.
Mark Stallone
Mark Stallone Oct 02, 2021 6:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hey Quid-Pro-Taliban-Joe.. just resign so you can avoid the inevitable Impeachment come '22.
Eddy van Dorst
Eddy van Dorst Oct 02, 2021 6:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
But first biden must sleep its not for nothing sleepy joe
John Laurens
John Laurens Oct 02, 2021 5:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lmfao
Ray Steed
Ray Steed Oct 02, 2021 5:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden is a vegetable.
Ferdinando Riboni
Ferdinando Riboni Oct 02, 2021 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
in Mexico we think soon you will be a poor country and crossing our borders.
John Wim
John Wim Oct 02, 2021 5:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Good one
king michael
king michael Oct 02, 2021 4:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Work like a ***in dream? Sleepy guy. Or better just go to sleep for ever as you are damaging this country for the few minutes you are not in sleep.
jason xx
jason xx Oct 02, 2021 12:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
When does a vote on the debt ceiling actually happen? None of these articles have dates.
taylor jason
taylor jason Oct 02, 2021 12:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
they voted on it last week. McConnell voted against it
Warren Wesley
Warren Wesley Oct 02, 2021 12:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the only vote was to temporarily fund the government to dec3. kicked the debt ceiling down the street. infrastructure & budget yet to be.
John Wim
John Wim Oct 02, 2021 11:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden and work don’t belong in one sentance. He didn’t even work to get elected.
Michael Redden
Michael Redden Oct 02, 2021 11:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
best thing anyone can do is track biden voters so we know who not to listen to in the for coming future once everything gets exposed. Their judgement is wayyyy off.
Kingy Yu
Kingy Yu Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The best he can do to this country is doing nothing
Michael Redden
Michael Redden Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
biden stepping down would relieve the entire world. nothing but destruction from this looney bin who cant even speak
Michael Redden
Michael Redden Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
AINT HAPPENING AHAHAHAAAA TRUMP 2024
Michael Redden
Michael Redden Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
mr.CUMmins is a nickname
Chris Cummins
Chris Cummins Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Michael Redden Ouch, that hurts almost as much as when they said it in elementary school. If only we had a test to allow people to vote. You would not be voting.
Michael Redden
Michael Redden Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Chris Cummins typical liberal response, taking away liberties like voting is exactly what y'all like... i dont even have to respond to that, ill just let you talk yourself into an UNAMERICAN hole...
ajay jayaraj
ajay jayaraj Oct 02, 2021 11:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trumop 2024, nerd.
Vlad Lozovskiy
Vlad Lozovskiy Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What a mess. SO much destruction after only 8 months
Show previous replies (6)
Michael Redden
Michael Redden Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
oh im guessing they weren't MRNA vaccines that failed every single animal trial and WERE fda approved prior to handing them out? RIP TO MR CUMMBRAIN IN T-MINUS 3 YEARS BYE BYE
Chris Cummins
Chris Cummins Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And with those facts you should now see your odd hatred of vaccine mandates is purely political and has no basis in facts or law in this country. If you want a 3rd world healthcare system then move. We do not want that in America, we progressed past that until you Trumpy's came along.
Chris Cummins
Chris Cummins Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Michael Redden Good job, change story when you are proven wrong. Follow your leader. First it was vaccines, now just mRNA vaccines, bye Felicia.
Chris Cummins
Chris Cummins Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Reduced childhood poverty by 50%....boom, look at that destruction.
Josh Davis
Josh Davis Oct 02, 2021 10:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Chris Cummins destroyed energy independence, destroyed liberals own my body my choice, new record high trade deficits. Lol good job
Felipe Daniel
Felipe Daniel Oct 02, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden is sellout potus to China, ineffective leader, puppet, communist.
Chris Cummins
Chris Cummins Oct 02, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What, you preferred being sold to Russia? And what has he done that makes you think that? Compare that to what Trump did and I think you will start to love Biden.
Michael Redden
Michael Redden Oct 02, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
only you love biden mr ******
Felipe Daniel
Felipe Daniel Oct 02, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Chris Cummins it came recently the whole Russian collusion story was cooked by DNC and Hillary Clinton campaign
Chris Cummins
Chris Cummins Oct 02, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Felipe Daniel Wonderful, please provide a link so we may all know your "facts". I think the book released recently points in a different direction but you need to believe what helps you sleep at night and not realize what kind of people you really are.
Transparent Labs
Transparent Labs Oct 02, 2021 9:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The irresponsible is the bipartisan agreements signed since 2001. Congress has lost it!
Barani Krishnan
Barani Krishnan Oct 02, 2021 9:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think you need to regain your (lost) grammar.
Felipe Daniel
Felipe Daniel Oct 02, 2021 9:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Barani Krishnan you are partisan leftist and not very good financial analyst
Chris Cummins
Chris Cummins Oct 02, 2021 9:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Felipe Daniel So everyone with grammar concerns is of the left? Or is it just educated people?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email