ToplineDemocrats involved in negotiations over a proposed $3.5 trillion budget bill and an accompanying $1.2 trillion infrastructure bill conceded Sunday that the price tag of the former legislation is likely to decrease amid negotiations with moderate Democrats, affirming what President Joe Biden told House Democrats in a closed-door meeting on Friday. People will not get everything they want” in infrastructure negotiations, adding, “That is the art of legislating.” Sen. Dick Durbin (D-Ill.), the No. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.), who have firmly ruled out supporting a $3.5 trillion package. Rep. Pramila Jayapal (D-Wash.), a progressive leader who has fought hard for $3.5 trillion in spending, said on CNN the $1.5 trillion figure put forward by Manchin is “not going to happen,” but said the final cost will likely fall between $1.5 and $3.5 trillion. What To Watch ForHouse Speaker Nancy Pelosi has set a new deadline to pass the infrastructure bill, once again putting congressional Democrats on the path to a showdown.

Source: Forbes October 03, 2021 15:09 UTC