“President Biden last spring proposed spending more than $4 trillion to transform the American economy. In negotiations last fall, after some of that money ended up in a bipartisan infrastructure law, the administration lowered its request to roughly $2 trillion. Now, with time running out before November’s elections, many White House officials say privately that they’d consider themselves fortunate to secure a deal worth even $1 trillion,” the Washington Post reports.
“Biden’s shrinking ambitions are largely the result of failed negotiations with Sen. Joe Manchin (D-WV), the ever-elusive 50th vote for the president’s agenda in an evenly divided chamber. White House officials are confronting the ‘real fear’ that they will fail to reach any deal with Manchin — even one that leaves out most of what Biden had initially hoped to accomplish.”
“A year after Biden introduced his climate and social spending plans, the White House is running out of time to get Manchin onboard, with many lawmakers in Congress viewing July 4 as a crucial deadline for action.”
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