3.5 Trillion-Biden’s Big Week. Things Looking Up?
President Biden and the Dems could be making progress in getting their landmark budge bill passed. (AP News)
“Pressure mounting but with signs of progress, President Joe Biden will hunker down at the White House to try to strike a deal and win over two holdout Democratic senators whose support is needed for his potentially historic $3.5 trillion government overhaul.
With Republicans solidly opposed and no Democratic votes to spare, Biden canceled a Wednesday trip to Chicago that was to focus on COVID-19 vaccinations so he could dig in for another day of intense negotiations with lawmakers ahead of crucial votes.
The stakes are as high as ever as Biden and his party try to accomplish a giant legislative lift, promising a vast rewrite of the nation’s balance sheet with an oh-so-slim majority in Congress. His idea is to essentially raise taxes on corporations and the wealthy and use that money to expand government health care, education and other programs — an impact that would be felt across countless American lives.”
President Biden is dealing with a difficult year with several setbacks he would rather put behind him. In better news, the President appears to be making headway with some of the moderates in his party to accomplish passing a sweeping spending bill that could remake large sectors of the American economy. He will need to heavily lean on Speaker Pelosi and Senate Majority leader Schumer to get this massive deal on the books.
