Summary
[The deadline set by the US Democrats for the 3.5 trillion dollar budget and tax agreement will be missed]Bernie Sanders, chairman of the Senate Budget Committee, who is leading the negotiation of the budget agreement, said on Wednesday that the Democrats have not yet received the necessary 50 votes to pass it. The party’s $3.5 trillion budget plan. Majority leader Chuck Schumer set Wednesday as the deadline for reaching an agreement on the total budget, which is the basis for supporting much of President Joe Biden’s economic agenda. (Zhitong Finance Network)
Bernie Sanders, chairman of the Senate Budget Committee, which is leading the negotiation of the budget agreement, said on Wednesday that the Democrats have not yet received the necessary 50 votes to pass the party’s $3.5 trillion budget plan. Majority leader Chuck Schumer set Wednesday as the deadline for reaching an agreement on the total budget, which is the basis for supporting much of President Joe Biden’s economic agenda. In the Senate, where the two parties are evenly matched, the Democrats cannot bear the opposition of any member of the party. There are still several senators who have not yet supported the 3.5 trillion US dollars discussed by the Budget Committee. Sanders is an independent in Vermont and counts as a Democratic camp. He and Maryland Democratic Senator Chris Van Hollen admitted that they would miss the deadline set by Schumer. A few hours later, the Senate is expected to veto a procedural vote on the $579 billion infrastructure plan-Schumer had hoped to start the debate on the infrastructure plan on Wednesday. Sanders said he hopes the budget will be ready for the full Senate vote “in early August.”
(Source: Zhitong Finance Network)
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