Summary
[Differences within the Democratic Party lead to the risk of shrinking Biden’s $3.5 trillion plan]US President Biden’s huge plan to expand social project spending and address climate change may be cut due to differences within the Democratic Party. The top Democrats are currently looking for a possible middle ground between the progressive and moderates of the party. Given that the future of this tax and spending plan and another infrastructure bill depends on the unity of the Democrats, the party’s top leaders are seeking to lower the expectations of progressives in the House of Representatives. They warned that in order to meet the demands of the moderates, the scale of the plan might be lowered. According to a person familiar with the matter, Biden will meet face-to-face with representatives of various factions in the Democratic Party next Wednesday to seek support and urge them to advance legislation. The Democratic leadership acknowledged that the plan to vote on the bill this month may be postponed. (Golden Ten Data)
U.S. President Biden’s huge plan to expand social project spending and combat climate change may be curtailed due to differences within the Democratic Party. The top Democrats are currently looking for a possible middle ground between the progressive and moderates of the party. Given that the future of this tax and spending plan and another infrastructure bill depends on the unity of the Democrats, the party’s top leaders are seeking to lower the expectations of progressives in the House of Representatives. They warned that in order to meet the demands of the moderates, the scale of the plan might be lowered. According to a person familiar with the matter, Biden will meet face-to-face with representatives of various factions in the Democratic Party next Wednesday to seek support and urge them to advance legislation. The Democratic leadership acknowledged that the plan to vote on the bill this month may be postponed.
(Source: Golden Ten Data)
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