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Pelosi sets Thursday vote on infrastructure, eyes smaller social spending bill

EconomySep 27, 2021 06:05AM ET
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© Reuters. FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) holds her weekly news conference at the U.S. Capitol in Washington, U.S. September 8, 2021. REUTERS/Jonathan Ernst/File Photo

By Humeyra Pamuk

WASHINGTON (Reuters) -U.S. House of Representatives Speaker Nancy Pelosi on Sunday set a vote on the $1 trillion bipartisan infrastructure bill for Thursday and voiced confidence it would pass.

Debate on the legislation, which passed the Senate with Democratic and Republican support on Aug. 10 and would help fund road, bridge, airport, school and other construction projects, will begin on Monday, she added.

Pelosi has not yet set a date to bring to the floor a larger, $3.5 trillion social welfare and climate bill - whose cost has divided her fellow Democrats - and said it is still under negotiation.

She added it was "self-evident" that the larger spending bill might shrink in size.

"We are now working together with the Senate and the White House on changes to this historic legislation," she added.

Both measures are key to Democratic President Joe Biden's economic agenda.

"Tomorrow, September 27, we will begin debate on the Bipartisan Infrastructure Framework on the Floor of the House and vote on it on Thursday, September 30, the day on which the surface transportation authorization expires," Pelosi said in a letter to Democrats that was released by her office.

Earlier on Sunday, Pelosi said she would not bring the infrastructure bill to a vote until she was sure it would pass, but expressed confidence about its prospects.

"Let me just say that we're going to pass the bill this week," she told ABC News' "This Week" anchor George Stephanopoulos.

Asked at the White House on Sunday whether Pelosi had the votes she needed, Biden said: "I'm optimistic about this week. It's going to take the better part of the week, I think," he told reporters.

HIGH-STAKES WEEK

Democrats have so far failed to reach consensus on the timing of the two measures.

Some progressive lawmakers insist the $1 trillion infrastructure bill be held back until the bigger measure is ready. Moderates want the infrastructure bill enacted whatever the progress on the larger package, which includes provisions for expanding healthcare for children and the elderly and for investing in steps to drastically reduce emissions blamed on climate change.

Pelosi did not specifically address how the divisions within the Democratic Party would be bridged, but said the final figure for the larger measure would be lower than $3.5 trillion.

"That was the number that was sent to us by the Senate and by the president. Obviously with negotiation, there has to be some changes in that the sooner the better, so that we can build our consensus to go forward," she said.

The House Budget Committee advanced the larger bill on Saturday, reporting the legislation with a favorable recommendation.

Pelosi was speaking at the start of a high-stakes week for both parties in Washington. Congress is fast approaching a Thursday deadline to continue funding federal agencies or face the second partial government shutdown in three years.

"We have to make sure we keep the government open and we will," Pelosi said.

In late October or early November, the U.S. Treasury will run out of money to pay its obligations, meaning the government faces the risk of a historic default if Congress does not act.

The Senate will hold a procedural vote on Monday evening on legislation that has already passed the House to fund the U.S. government through Dec. 3 and suspend the nation's borrowing limit until the end of 2022.

Republicans say they oppose the bill because it includes a suspension of the debt limit, and while they oppose allowing the U.S. government to default, they want Democrats to suspend the debt limit without their votes.

Pelosi accused Republicans of being irresponsible and said the failure to extend the debt ceiling could have a wider impact on the U.S. economy. "This is beyond a big deal," she said.

Pelosi sets Thursday vote on infrastructure, eyes smaller social spending bill
 

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Comments (16)
MK MK
MK MK Sep 27, 2021 6:23AM ET
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1 trln, 3,5 trln. You do not have those monet, greedy yankees!How much inflation do you want to bring in this world, bustards?!
Jokers R Us
Jokers R Us Sep 27, 2021 2:29AM ET
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Where's my $100k stimulus check?
Kaveh Sun
Kaveh Sun Sep 26, 2021 8:07PM ET
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Her extreme lefty members wants to pass the 3.5T first. If she brings 1T to the floor, she has enough votes (some Gop will join her to make up the loss from the left) but she desnt want to do it because she is a lefty.
Sujoy kumar
Sujoy kumar Sep 26, 2021 6:31PM ET
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WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi expressed confidence on Sunday that the $1 trillion infrastructure bill will pass this week but sounded more doubtful about bringing it to the House floor on Monday as she previously pledged to do.
Winner Miracle
Winner Miracle Sep 26, 2021 6:31PM ET
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have you heard about bitcoin mining company
Jason Patcher
Jason Patcher Sep 26, 2021 2:34PM ET
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long gold :)
Alan Rice
Alan Rice Sep 26, 2021 1:33PM ET
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What is needed: Universal Broadband (only) :$48 Billion .
Winner Miracle
Winner Miracle Sep 26, 2021 1:33PM ET
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you can invest your money in bitcoin investment company legit
Mark Stallone
Mark Stallone Sep 26, 2021 1:08PM ET
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Print! Print! Print! Who cares about inflation.
Terence Williams
Terence Williams Sep 26, 2021 12:31PM ET
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It appears that conventional wisdom in Congress is now that debt doesn't matter..why ? There have no consequences..so far. MMT is coming soon.
Jenny Lu
Jenny Lu Sep 26, 2021 11:42AM ET
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No is a lie! The dems keeps playing around this 1 Trillion for months now! Is just a way to apply more interest rate...
David David
David9 Sep 26, 2021 11:42AM ET
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If it is a lie, you need to supply proof...
Tiger Brad
Tiger Brad Sep 26, 2021 11:42AM ET
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David David  An unsubstantiated lie.  :-)
Millennial Metals
Millennial Metals Sep 26, 2021 10:42AM ET
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The USA is a bankrupt nation as soon as bond yields rise
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taylor jason
taylor jason Sep 26, 2021 10:42AM ET
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incorrect. dollar is world reserve currency so assuming congress continues to raise debt ceiling interest rate is essentially irrelevant
David David
David9 Sep 26, 2021 10:42AM ET
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Wrong... the more debt, the more it gets shaky... once debt consumes everything, then the dollar will collapse as no one wants it anymore... that will be the end...
John Thompson
John Thompson Sep 26, 2021 10:42AM ET
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Thats why they moved away from the gold standard usa is completely bankrupt in gold terms ..in 1976 great britain defaulted and imf had to bail them out same would have happened for the yanks ..those countries fiats that are rich in resources today are suffering under dollar but not for long as asia takes over
Peter ONeill
Peter ONeill Sep 26, 2021 10:42AM ET
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Bo Davidoff  The USA is burning through debt and printing money as fast as it can - sooner or later the domino will collapse. Since 2000, US GDP has gone from 10.25 Trillion to 21 Trillion while the national debt has gone from 5 Trillion to 29+ TRILLION (by the end of the year). Simple maths - US debt has grown by almost 300% more than the economy over the past 20 years and yet the solution seems to be to pile more debt on top of more debt...if anything the only thing keeping the US up is the power of the US Dollar as the global world currency.
Peter ONeill
Peter ONeill Sep 26, 2021 10:42AM ET
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taylor jason  That was the thought of world powers thought-out history whether it be the Romans, Greeks, Spanish, French, British Empire, the Japanese 'Lost Decades' etc. They all built up huge debts and relied on their currencies and political clout to manipulate the market. Sooner or later the debts became too much / they hit a recession with so much debt on their backs that they couldn't dig themselves out of the hole they got themselves into. The USA is piling debt on top of debt and still lending recklessly....maybe not next year...maybe not in the next decade...but sooner or later you can be 100% assured that the debt pile will come back to haunt the US.
Trevor Roberts
LimitUp Sep 26, 2021 10:41AM ET
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Uncle Sam says, put it on my tab
Eudon Hickey
Eudon Hickey Sep 26, 2021 10:36AM ET
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How much does pelosi put in her pocket?
Jeff Chevalier
Jeff Chevalier Sep 26, 2021 10:36AM ET
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Not as much as Trump did golfing...
Trading Life Stlye
Trading Life Stlye Sep 26, 2021 10:36AM ET
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surprise your wrong. trump didn't take a salary while in office.
milena villa escobar
milena villa escobar Sep 26, 2021 10:36AM ET
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Jeff Chevalier  deflect and deny and blame trump. Do you ever get tired of that?  New people are so pathetically obvious in your ntent
Limin Tandiono
Limin Tandiono Sep 26, 2021 9:57AM ET
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Bravo, proud of creating more debt huh???
Bronson Naab
Bronson Naab Sep 26, 2021 9:57AM ET
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Will they double the deficit like Trump did?
Trading Life Stlye
Trading Life Stlye Sep 26, 2021 9:57AM ET
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actually that was rollover from Obama. the debt actually slowed down under trump. biben added 5 trillion in debt and it hasn't been a full year.
Jokers R Us
Jokers R Us Sep 26, 2021 9:57AM ET
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Once you realize creating more debt is the goal then you're in the right place.
cj go
cj go Sep 26, 2021 9:43AM ET
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ya they need to do something to artificially grow gdp fast- bidens tanking
Ming Li
Ming Li Sep 26, 2021 9:42AM ET
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Peloci is working hard to move wealth from hardworking Americans to lazy asses and herself.
king michael
king michael Sep 26, 2021 9:38AM ET
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This old lady has done too much damage to US and should go home.
Jokers R Us
Jokers R Us Sep 26, 2021 9:38AM ET
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right because it's only one persons fault.....
 
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