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

White House: Biden to host talks on his agenda Tuesday, climate aspects remain key

Published 10/18/2021, 01:33 PM
Updated 10/18/2021, 05:06 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks at the dedication of the Dodd Center for Human Rights at the University of Connecticut in Storrs, Connecticut, U.S., October 15, 2021. REUTERS/Leah Millis

WASHINGTON (Reuters) -President Joe Biden will host separate meetings on Tuesday with moderate and progressive Democratic lawmakers who are wrangling over aspects of his infrastructure and social spending bills, the White House said on Monday.

"We're encouraged ... by the accelerated pace of talks," White House spokesperson Jen Psaki told reporters.

Moderate and left-leaning progressive members of Congress have been at odds over the scope of what was initially a $3.5 trillion bill focused on social spending and climate change. A separate infrastructure bill with bipartisan support has been held up while differences over the larger bill get worked out.

Biden has conceded that the so-called reconciliation budget bill will end up having to be less costly and less ambitious in scope than first proposed, but talks are ongoing about how to do that.

One piece considered critical to Biden's climate goals, a mechanism to replace coal- and gas-fired power plants with wind, solar and nuclear energy, may be dropped https://www.reuters.com/world/us/key-part-bidens-climate-agenda-likely-be-cut-manchins-opposition-nyt-2021-10-15 from the larger bill because of opposition from U.S. Senator Joe Manchin of West Virginia.

Psaki said on Monday that climate aspects would remain part of the legislative push.

"It is absolutely pivotal that these pieces of legislation have climate components, and they will," she said.

Latest comments

Biden the fascist hypocrite that cant even finish a sentence, total puppet
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.