Progressives back Biden social spending bill framework
The Congressional Progressive Caucus endorsed the framework agreement for President Biden’s social spending bill on Thursday, even as they reiterated a warning that they would not back the Senate’s bipartisan infrastructure bill unless a final version of the “Build Back Better” package is brought up for a vote at the same time.
Bipartisan coalition has 'lost trust' in Biden: Sen. Scott
Sen. Tim Scott, R-S.C., argues bipartisan lawmakers now doubt Biden's ability to propose a balanced spending plan.
Progressives spurn Pelosi on infrastructure vote without reconciliation deal
House Speaker Nancy Pelosi is urging Democrats to pass a stalled $1 trillion infrastructure package as soon as today, but is being rebuffed by progressive lawmakers who are threatening to vote against the bipartisan measure unless it's accompanied by a larger, party-line spending bill.
Biden seeks agreement on social spending framework
Fox News congressional correspondent Chad Pergram reports on the latest from Capitol Hill.
Democrats' policies, rhetoric do 'not match at all': Sen. Lummis
Sen. Cynthia Lummis, R-Wyo., criticizes Democrats' social spending bill math.
Biden reconciliation framework costs $1.75T, includes $1.995 trillion in tax hikes, White House says
The White House says it expects all Democrat senators to supports its framework.
Truck driver shortage grows
Consumers could see prices rise as truck driver shortage worsens
Pelosi schedules reconciliation hearing without bill text, or even framework
Democrats are moving ahead with a hearing on their reconciliation bill -- before they've even come to an agreement on what to put in it.
Democrats explode in frustration over stalled reconciliation spending spree: 'It's the effing progressives'
President Biden leaves the U.S. for a climate summit Thursday, but Democrats appear poised to miss an end-of-month deadline to agree on reconciliation and pass infrastructure -- just like they did last month.
Billionaires tax would take aim at unrealized gains on assets, most profitable corporations
The broad strokes of the proposal announced by Sen. Ron Wyden, D-Ore., to tax the country's billionaire class to help fund President Biden’s legislative agenda was laid out early Wednesday as a two-pronged strategy to take aim at the wealthiest individuals and corporations.
Democrats scrambling for reconciliation deal, seek to get infrastructure to Biden before overseas trip
Among the major factors motivating Democrats to come to a deal this week: President Biden leaves Thursday for a climate summit, and Virginia gubernatorial candidate Terry McAuliffe is taking heat for Democrats' failure to pass the infrastructure bill.
Whose taxes are going up? White House considering 4 ways to pay for spending package
House lawmakers are still working on a deal to solidify President Biden’s multitrillion-dollar, two-bill infrastructure package that would boost funding for infrastructure and clean energy, along with social spending initiatives.
US can’t fill millions of manufacturing jobs: Fmr. Chase economist
Former Chase Chief Economist Anthony Chan breaks down why the US is struggling during the supply chain crisis, arguing that workers are retiring from manufacturing and foreign manufacturing is cheaper for businesses
California port chief: 'Fragile' supply chain needs investment, 'full-court press' to attract workers
Mario Cordero says investing in the supply chain's infrastructure and work force will help alleviate disruptions.
Supply chain needs investment: Port of Long Beach exec. director
Port of Long Beach Executive Director Mario Cordero says the supply chain needs maritime infrastructure and a strong workforce.
California port director: Root of supply chain problems is COVID pandemic
Port of Long Beach Executive Director Mario Cordero argues the shipping industry was impacted like any other during the pandemic.
Sen. Tester: Topline number on Dem spending bill is key to framework deal
Sen. Jon Tester, D-Mont., told reporters Thursday that he viewed a Democratic consensus on a topline number for President Biden’s social spending bill as the key to reaching an agreement on its framework in the coming days.
Sen. Sinema stifles plans to tax the wealthy, corporations
Capitalist Pig hedge fund manager Jonathan Hoenig and National Taxpayers Union EVP Brandon Arnold discuss Sen. Kyrsten Sinema's opposition to taxing the wealthy.
Omar lashes out at Manchin as Biden tries to unite warring Dems on spending bill
Despite comments from Rep. Ilhan Omar slamming Sen. Joe Manchin Tuesday, other top progressive Democrats who met with President Biden said they are optimistic about a possible deal.
Biden lowers spending bill target to between $1.75T and $1.9T: report
President Biden has privately informed Democratic lawmakers he is optimistic they can reach an agreement on a social spending plan capped at about $1.9 trillion, a spending target that would mark a significant reduction from the vast economic overhaul he initially envisioned, according to a report Tuesday.