Speaker of the US House of Representatives: Democrats will reach agreement on spending bill this week

According to CCTV News on the 25th, on October 24th, local time, the Speaker of the House of Representatives, Nancy Pelosi, said while participating in a CNN program that the Democrats will pay for Biden’s spending this week. The bill reached an agreement.

Biden’s spending bill aims to support middle-class American families through free community colleges, universal preschool education, extended child tax credits, and clean energy investments. The bill will also increase taxes on the wealthy and large companies to solve the unfair phenomenon that the rich in the United States pay lower tax rates than middle-class workers. The amount Biden proposed for the spending bill was initially US$3.5 trillion, but it has now been reduced to US$1.75 trillion.