Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

In blow to Biden, Joe Manchin will not commit to backing $1.75 trillion spending bill

EconomyNov 02, 2021 03:32AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. A general view of the U.S. Capitol, in Washington, U.S., October 28, 2021. REUTERS/Al Drago 2/2

By Richard Cowan and David Morgan

WASHINGTON (Reuters) - President Joe Biden's domestic agenda suffered a major setback on Monday when Democratic Senator Joe Manchin said he would not commit to supporting a $1.75 trillion framework on social spending and climate change unveiled last week.

"While I've worked hard to find a path to compromise, it's obvious: Compromise is not good enough for a lot of my colleagues in Congress. It's all or nothing, and their position doesn't seem to change unless we agree to everything," Manchin told a news conference.

"Enough is enough. It's time our elected leaders in Washington, all of us, stopped playing games with the needs of the American people in holding a critical infrastructure bill hostage."

Manchin spoke four days after Biden visited Capitol Hill to unveil a $1.75 trillion proposal that would offer free preschool for 3- and 4-year olds, expand home care for the elderly and offer tax credits for companies investing in clean energy sources.

The package was half the size of Biden's prior $3.5 trillion goal, after dropping some progressives' priorities, including new paid family leave benefits and key climate control provisions.

Manchin portrayed the bill as being filled with "shell games" and "budget gimmicks" that would end up costing far more than its $1.75 trillion price tag.

In reaction to Manchin, Senate Majority Leader Chuck Schumer insisted: "We are still talking and working through important details and making good progress."

White House press secretary Jen Psaki said in a statement: "We remain confident that the plan will gain Senator Manchin's support."

But the news dimmed the chances of passing either bill this week. Schumer has not said when he would have the votes needed to pass the legislation. House of Representatives Speaker Nancy Pelosi told reporters that passing it this week was the "hope."

Manchin demanded immediate House action on a $1 trillion infrastructure bill that the Senate passed in August with the support of 19 Republicans.

But progressives in Biden's Democratic Party have demanded that no vote occur on that measure until the larger bill to expand social programs and attack climate change was first assured of Senate passage.

Manchin's defiance further complicated Democrats' efforts in a month when they are facing a towering legislative to-do list.

In addition to hoping to pass the two major bills, Congress faces critical deadlines in the next five weeks to avoid a government shutdown, a potential embarrassment for Democrats, and avert an unprecedented default on the federal government's debt with its catastrophic economic consequences.

BIDEN'S LEGACY ON THE LINE

Despite Monday's setback, negotiators continued working on the spending bill. Senate Finance Committee Chairman Ron Wyden said on Monday: "We made some real headway" over the weekend on getting a provision into the measure that would lower prescription drug prices.

Biden visited Capitol Hill on Thursday to plead with Democratic lawmakers to support the two bills.

"I don't think it's hyperbole to say that the House and Senate majorities and my presidency will be determined by what happens in the next week," Biden told a closed-door meeting with House Democrats, said a source familiar with his remarks.

The Senate is divided 50-50, with Democrats holding the majority by virtue of Vice President Kamala Harris' tie-breaking vote. That means that any one Democratic senator has effective veto power.

At the news conference, Manchin criticized House progressives for twice blocking passage of the $1 trillion infrastructure bill that would rebuild roads, update airports and shipping ports and deliver broadband service to underserved rural areas.

There had been growing optimism since Biden's private meeting with House Democrats on Thursday that the two bills, totaling more than $2.75 trillion, could advance quickly in the House, maybe as soon as this week.

Progressives spoke in support of the Biden plan, saying they simply wanted to read the full text of the retooled bill still being drafted and to receive a solid promise that Manchin and fellow moderate Democratic Senator Kyrsten Sinema were fully on board.

Conversations over the weekend were upbeat and Congressional Progressive (NYSE:PGR) Caucus Chair Pramila Jayapal said on Monday she hoped for passage of the legislation this week.

"The president came to the caucus and assured us that he would get 51 votes in the Senate for this deal that he has been negotiating with Senator Manchin and Senator Sinema," Jayapal told CNN after Manchin's statement. "We're tired of continuing to wait for one or two people. We trust the president that he will get 51 votes for this."

In blow to Biden, Joe Manchin will not commit to backing $1.75 trillion spending bill
 

Related Articles

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 (15)
jason xx
jason xx Nov 02, 2021 5:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You know how they plant a bought and paid member on a jury? This is the same thing this guy is l.
jason xx
jason xx Nov 02, 2021 5:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Well this guy is lying because they already cut the size of the bill I'm half for him. That was his main complaint does he think no one remembers?
Parsa Hosynpour
Parsa Hosynpour Nov 02, 2021 4:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Gary Christy
Gary Christy Nov 02, 2021 3:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
keep spending that money, that's why it cost $32 for two people to go to McDonald's. nuts!!!
jason xx
jason xx Nov 02, 2021 3:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
No that's not how it works.
jason xx
jason xx Nov 02, 2021 3:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
FYI chump added 8 trillion to the deficit and Biden hasn't spent anything yet
Me comment
Me comment Nov 01, 2021 7:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Manchin is republican in disguise.
Richard Saunders
Richard Saunders Nov 01, 2021 7:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We can only hope.
jason xx
jason xx Nov 01, 2021 7:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes he is he must be taking bribes?
Pedro Trost
Pedro Trost Nov 01, 2021 7:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Good stop spending money we dont have
jason xx
jason xx Nov 01, 2021 7:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What are we paying taxes for then you !D. I. OT? This is spending for the next 10 years. I bet you didn't cry when chump cut taxes for the top 10% instead of paying down debt did you?
Alan Rice
Alan Rice Nov 01, 2021 5:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sad. Even the Dems can't keep foolish Americans from themselves. (Nobody really wants to walk or ride a bike, unless it's a Harley.) Tic-.....
Kevin Avila
Kevin Avila Nov 01, 2021 5:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Good for Manchin… Didn’t think he had the ******
soho electronics
soho electronics Nov 01, 2021 3:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
just get Tesla to finance, they are now worth more than God!
David CA
ILoveQE Nov 01, 2021 3:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thank you Senator Joe Manchin for holding the line against the Communist Party agenda.
Mart Bab
Rubberduck1973 Nov 01, 2021 3:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Keep up this nonsense  and very soon you will see a real communist party agenda from China, who is laughing its head of, on the way USA is infighting on every single topic in life. One would think good infrastructure is goog for all Americans. But it seems to a European like me, that you guys can only pick fights. Is there really nothing in this bill that will help the USA forward in staying the worlds largest economy? Really nothing at all?
Pp Ramy
Pp Ramy Nov 01, 2021 3:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The usa car machine is falling
Felipe Daniel
Felipe Daniel Nov 01, 2021 3:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden took a dump at the Vatican
Connecticut Yankee
A_Jaundiced_Eye Nov 01, 2021 3:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jimmy Carter Jr.  (Welcome back to the Days of Malaise.  When do we start the Misery Index again?)
Darryl Allen
Darryl Allen Nov 01, 2021 3:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Democrats only talk about spending money but never talk about making money.
Mike ND
Mike ND Nov 01, 2021 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It’s fun watching the wheels come off
Tom Smith
Tom Smith Nov 01, 2021 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
amazing that this president is working this hard to get this passed and it doesn't matter.
Connecticut Yankee
A_Jaundiced_Eye Nov 01, 2021 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Tom Smith  His OWN PARTY doesn't respect him !
Felipe Daniel
Felipe Daniel Nov 01, 2021 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Tom Smith Biden has dementia
John Nguyen
John Nguyen Nov 01, 2021 3:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
pass for what ?
 
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