Manchin’s $1.8 trillion spending offer no longer on table -Washington Post By Reuters

© 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.

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.

by : Reuters

Source link

Capital Media

Read Previous

State aid: Commission approves €24 million Hungarian investment aid to Volta Energy Solutions' battery copper foil plant

Read Next

Precious Metals & Energy – Weekly Review and Outlook By Investing.com