Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Manchin's $1.8 trillion spending offer no longer on table -Washington Post

Published 01/08/2022, 10:19 AM
Updated 01/08/2022, 10:45 AM
© Reuters. FILE PHOTO: U.S. Senator Joe Manchin (D-WV) speaks to news reporters outside of his office in the Hart Senate Office Building on Capitol Hill in Washington, U.S., January 4, 2022. REUTERS/Tom Brenner

WASHINGTON (Reuters) - U.S. Senator Joe Manchin's $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a breakdown between the Democratic lawmaker from West Virginia and the White House, the Washington Post reported on Saturday.

Manchin told reporters this week that he is no longer involved in discussions with the White House and has signaled privately that he is not interested in approving any legislation like President Joe Biden's Build Back Better Package, the newspaper said, citing three people with knowledge of the matter.

Manchin's office did not immediately respond to a request for comment.

The legislation is one of Biden's signature domestic priorities. Manchin's vote is critical in the evenly divided Senate. His opposition torpedoed Build Back Better in December, drawing ire from Democratic progressives and sending the political party scrambling to find a way to resurrect the package.

The plan includes funding for high-priority issues for many Americans, including free preschool, support for soaring childcare costs, coverage of home-care costs for the elderly and expansion of free school meals.

Manchin has spoken with a raft of officials and others seeking to garner his support for the legislation, including senior White House aide Steve Ricchetti, Larry Kudlow, former economic adviser to ex-president Donald Trump, and Republican Senator Mitt Romney of Utah, according to the Washington Post.

Latest comments

It would be more helpful to adress the merits of these positions through an independent economic analysis rather than through the malaise of politics. Using a sophisticated economic lens it is difficult to see how Manchin’s arguments are tenable.
Doesnt matter one way or the other. Even if it was a good thing, we wont miss what we never had
He had no problem with all the other crazy spending, stimulus checks, etc.But this one, yes. How ironic is it?
it's not needed or is it to you
Good for Joe Manchin, he is actually representing his people in his state, how rare is that
I disagree with his stance, but he actually is trying to do what's best for his state. I can't fault that.
Have you seen his state
If Dems give him some pork, he’ll be on board the Bbb. But dems act like dictators here: no pork for u so he sticks it back. The next move, Dems kick him out like the did to Joe Liberman
Anyway Manchin is clearly a paid Juror here. All they can do is try to get more Republicans like Manchin voted out. I wonder how much gold he is getting for this?
Yes, Manchin is the only senator lobbied to.  Totally not a thing that causes both parties to represent causes that aren't necessarily good for the country and its citizens.  Good eye, I'm glad you caught that.
Hilariously, most of these bills favour large corporations who are known for making enormous political donations.  Even things like SNAP are supported by companies like walmart because they get a huge amount of business from it.  There's many alternatives that would be better for the recipients and more efficient, but that's not what the US is about.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.