Biden is Still Hopeful for $2 Trillion Package
Burc Oran
December 22, 2021
Biden

US President Joe Biden believes he can find a middle ground with Senator Manchin, who has announced that he is withdrawing his support for nearly $2 trillion economic plan called Build Back Better.

Answering journalists’ questions at the White House on Tuesday, Biden said, “I think it’s still possible to achieve Build Back Better (BBB). “We’re going to do something with Senator Manchin,” he said. Pointing out that Goldman Sachs lowered its growth forecasts for the USA after Manchin’s statements, Biden said that the BBB is a plan aimed at fighting inflation. “Everything in the law will lower prices and costs for the middle class and working class,” Biden said.

Manchin’s exit on Sunday caught the US administration off guard, and White House Spokesperson Jen Psaki stated that the senator always supported the plan in his statements until Sunday.

Manchin and Biden spoke on the phone Sunday evening after the surprise statements. With 50 Democrats and 50 Republicans in the Senate, Biden cannot afford to lose the support of a single Democrat.

Tags
Share

Stay informed with market news by subscribing to our reading list.

FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.
The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.