Summary
[U.S. Democratic senator asks Democrats to “suspend” the $3.5 trillion tax and spending plan]The key moderate Democratic Senator Joe Manchin said that his colleagues in the Democratic Party should respond to President Biden’s $3.5 trillion economic agenda. “Press the pause button.” This poses a clear challenge to Democratic leaders’ efforts to pass the tax and spending plan in the evenly matched Senate in the coming weeks. The West Virginia Democrat, who often disagrees with Democrats and joins with Republicans, said this week that soaring inflation, coupled with the uncertainty of national security after the U.S. withdrawal from Afghanistan, means that it is necessary to slow down and possibly restart. Consider the plan. Manchin’s vote is critical because Republicans are unanimously opposed to this package. All Democrats in the Senate must support the plan before Vice President Harris can cast a tie-breaking vote and pass it by 51 votes. (Zhitong Finance Network)
The key moderate Democratic Senator Joe Manchin said that his fellow Democrats should “press the pause button” on the $3.5 trillion package that concerns President Biden’s economic agenda. This poses a clear challenge to Democratic leaders’ efforts to pass the tax and spending plan in the evenly matched Senate in the coming weeks. The West Virginia Democrat, who often disagrees with Democrats and joins with Republicans, said this week that soaring inflation, coupled with the uncertainty of national security after the U.S. withdrawal from Afghanistan, means that it is necessary to slow down and possibly restart. Consider the plan. Manchin’s vote is critical because Republicans are unanimously opposed to this package. All Democrats in the Senate must support the plan before Vice President Harris can cast a tie-breaking vote and pass it by 51 votes.
(Source: Zhitong Finance Network)
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