-
President Joe Biden delivers remarks on his Build Back Better framework
President Joe Biden speaks about the progress of his Build Back Better program and the benefits it will provide for the American people. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to sa...
published: 28 Oct 2021
-
Why Joe Biden’s historically low approval ratings matter
President Joe Biden’s approval rating has taken a tumble since his first days in office -- to the second-worst of any recent president during this point in his first term. In the latest episode of The Point, CNN’s Chris Cillizza explains why Biden’s numbers are so low, and what this could mean for Democrats in 2022.
SOURCES AND FURTHER READING:
A week that could transform Joe Biden's presidency
https://www.cnn.com/2021/10/25/politics/joe-biden-presidency-this-week-social-spending-and-infrastructure/index.html
Presidential Approval Ratings -- Joe Biden
https://news.gallup.com/poll/329384/presidential-approval-ratings-joe-biden.aspx
George H.W. Bush Retrospective
https://news.gallup.com/opinion/gallup/234971/george-bush-retrospective.aspx
Midterm Seat Loss Averages 37 for Unpopula...
published: 28 Oct 2021
-
President Joe Biden on spending bill framework: Nobody got everything they wanted
CNBC's Ylan Mui and Kayla Tausche join the 'Halftime Report' to discuss President Biden's address on the reconciliation spending bill. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say ...
published: 28 Oct 2021
-
What's out and what's in, in President Joe Biden's spending bill
CNBC's Ylan Mui reports on where things stand with President Biden's spending plan and whether progressives will support the pared down version. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have mo...
published: 28 Oct 2021
-
Biden delays Europe departure to meet with Democratic caucus
President Joe Biden is delaying his trip to Europe by a few hours in an effort to convince progressive Democrats to vote for his infrastructure bill amid reports that paid family and medical leave are now likely to be left out of his spending package. CNN’s Don Lemon speaks with Jessica Dean and Arlette Saenz.
#CNN #News
published: 28 Oct 2021
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Nancy Pelosi touts Democrats' social spending plan after Biden addresses nation
House Speaker Nancy Pelosi touted the Democrats' social spending plan after President Joe Biden addressed the nation, calling the plan a historic investment and fundamental game-changer.
WATCH the ABC News Livestream: https://bit.ly/3rzBHum
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#ABCNL #NANCYPELOSI #BIDEN
published: 28 Oct 2021
-
Biden addresses the nation after announcing 'Build Back Better' framework
"This framework includes historic investments in our nation and in our people," President Joe Biden said.
published: 28 Oct 2021
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President Joe Biden to announce new social spending package framework
President Joe Biden will visit Capitol Hill Thursday ahead of his trip to Europe for the G20 summit. CNBC's Ylan Mui reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I r...
published: 28 Oct 2021
-
Why is Joe Biden’s Polling on the Decline? | THE CIRCUS | SHOWTIME
John Heilemann, Alex Wagner, Mark McKinnon, and Jennifer Palmieri take a look into Joe Biden’s poor polling, discussing possible causes and if it could be temporary or long term. Watch new episodes on Sundays at 8/7c on SHOWTIME.
#SHOCircus
Subscribe to THE CIRCUS YouTube channel: https://goo.gl/gfoZtd
THE CIRCUS: INSIDE THE CRAZIEST POLITICAL SHOW ON EARTH
Come one, come all to THE CIRCUS. This documentary series pulls back the curtain on the high-stakes impact of the White House's headline grabbing dramatics.
published: 28 Oct 2021
-
Sticking points to President Joe Biden's agenda
CNBC's Ylan Mui reports on recent developments surrounding President Biden's Build Back Better plan. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
As President Joe Biden prepares to depart on Thursday for a week of summits in Europe, the White House and congressional Democrats are scrambling to finalize a deal on their signature domestic spending package.
If they can accomplish this, House Speaker Nancy Pelosi plans to bring a companion bipartisan infrastructure bill to the House floor for a vote before the president leaves for Rome. That bill has already been passed in the Senate. If it is approved in the House, Biden could sign it into law this week.
Biden visited New Jersey on Monday to promote the infrastructure piece of his two-part...
published: 25 Oct 2021
22:50
President Joe Biden delivers remarks on his Build Back Better framework
President Joe Biden speaks about the progress of his Build Back Better program and the benefits it will provide for the American people. For access to live and ...
President Joe Biden speaks about the progress of his Build Back Better program and the benefits it will provide for the American people. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
Manchin would not explicitly support the framework, either. “It’s hands of the House,” he told reporters outside his Capitol Hill office. “I’ve been dealing in good faith. I will continue to deal in good faith.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/President_Joe_Biden_Delivers_Remarks_On_His_Build_Back_Better_Framework
President Joe Biden speaks about the progress of his Build Back Better program and the benefits it will provide for the American people. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
Manchin would not explicitly support the framework, either. “It’s hands of the House,” he told reporters outside his Capitol Hill office. “I’ve been dealing in good faith. I will continue to deal in good faith.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
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- published: 28 Oct 2021
- views: 11008
4:56
Why Joe Biden’s historically low approval ratings matter
President Joe Biden’s approval rating has taken a tumble since his first days in office -- to the second-worst of any recent president during this point in his ...
President Joe Biden’s approval rating has taken a tumble since his first days in office -- to the second-worst of any recent president during this point in his first term. In the latest episode of The Point, CNN’s Chris Cillizza explains why Biden’s numbers are so low, and what this could mean for Democrats in 2022.
SOURCES AND FURTHER READING:
A week that could transform Joe Biden's presidency
https://www.cnn.com/2021/10/25/politics/joe-biden-presidency-this-week-social-spending-and-infrastructure/index.html
Presidential Approval Ratings -- Joe Biden
https://news.gallup.com/poll/329384/presidential-approval-ratings-joe-biden.aspx
George H.W. Bush Retrospective
https://news.gallup.com/opinion/gallup/234971/george-bush-retrospective.aspx
Midterm Seat Loss Averages 37 for Unpopular Presidents
https://news.gallup.com/poll/242093/midterm-seat-loss-averages-unpopular-presidents.aspx
About me:
I was named "best dressed" in 7th grade. That, along with being CNN's editor at large and author of the daily "Point" newsletter are my proudest achievements. Look for me here every Tuesday and Thursday to find out what’s really going down in politics.
CREDITS
Writer: Chris Cillizza
Producer: Moira Donohue
The Point Editor: Leigh Munsil
Video Editor: Kriston Lewis
Follow Chris on
Instagram: https://www.instagram.com/cillizzac/
Twitter: https://twitter.com/cillizzacnn
Facebook: https://www.facebook.com/chris.cillizza/
Subscribe to The Point newsletter: https://www.cnn.com/specials/politics/the-point-with-chris-cillizza?source=Point_Youtube.
#CNN #Cillizza #Biden
https://wn.com/Why_Joe_Biden’S_Historically_Low_Approval_Ratings_Matter
President Joe Biden’s approval rating has taken a tumble since his first days in office -- to the second-worst of any recent president during this point in his first term. In the latest episode of The Point, CNN’s Chris Cillizza explains why Biden’s numbers are so low, and what this could mean for Democrats in 2022.
SOURCES AND FURTHER READING:
A week that could transform Joe Biden's presidency
https://www.cnn.com/2021/10/25/politics/joe-biden-presidency-this-week-social-spending-and-infrastructure/index.html
Presidential Approval Ratings -- Joe Biden
https://news.gallup.com/poll/329384/presidential-approval-ratings-joe-biden.aspx
George H.W. Bush Retrospective
https://news.gallup.com/opinion/gallup/234971/george-bush-retrospective.aspx
Midterm Seat Loss Averages 37 for Unpopular Presidents
https://news.gallup.com/poll/242093/midterm-seat-loss-averages-unpopular-presidents.aspx
About me:
I was named "best dressed" in 7th grade. That, along with being CNN's editor at large and author of the daily "Point" newsletter are my proudest achievements. Look for me here every Tuesday and Thursday to find out what’s really going down in politics.
CREDITS
Writer: Chris Cillizza
Producer: Moira Donohue
The Point Editor: Leigh Munsil
Video Editor: Kriston Lewis
Follow Chris on
Instagram: https://www.instagram.com/cillizzac/
Twitter: https://twitter.com/cillizzacnn
Facebook: https://www.facebook.com/chris.cillizza/
Subscribe to The Point newsletter: https://www.cnn.com/specials/politics/the-point-with-chris-cillizza?source=Point_Youtube.
#CNN #Cillizza #Biden
- published: 28 Oct 2021
- views: 65586
3:35
President Joe Biden on spending bill framework: Nobody got everything they wanted
CNBC's Ylan Mui and Kayla Tausche join the 'Halftime Report' to discuss President Biden's address on the reconciliation spending bill. For access to live and ex...
CNBC's Ylan Mui and Kayla Tausche join the 'Halftime Report' to discuss President Biden's address on the reconciliation spending bill. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
Manchin would not explicitly support the framework, either. “It’s hands of the House,” he told reporters outside his Capitol Hill office. “I’ve been dealing in good faith. I will continue to deal in good faith.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/President_Joe_Biden_On_Spending_Bill_Framework_Nobody_Got_Everything_They_Wanted
CNBC's Ylan Mui and Kayla Tausche join the 'Halftime Report' to discuss President Biden's address on the reconciliation spending bill. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
Manchin would not explicitly support the framework, either. “It’s hands of the House,” he told reporters outside his Capitol Hill office. “I’ve been dealing in good faith. I will continue to deal in good faith.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
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https://www.cnbc.com/select/best-credit-cards/
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- published: 28 Oct 2021
- views: 16358
2:53
What's out and what's in, in President Joe Biden's spending bill
CNBC's Ylan Mui reports on where things stand with President Biden's spending plan and whether progressives will support the pared down version. For access to l...
CNBC's Ylan Mui reports on where things stand with President Biden's spending plan and whether progressives will support the pared down version. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/What's_Out_And_What's_In,_In_President_Joe_Biden's_Spending_Bill
CNBC's Ylan Mui reports on where things stand with President Biden's spending plan and whether progressives will support the pared down version. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 28 Oct 2021
- views: 1444
9:54
Biden delays Europe departure to meet with Democratic caucus
President Joe Biden is delaying his trip to Europe by a few hours in an effort to convince progressive Democrats to vote for his infrastructure bill amid report...
President Joe Biden is delaying his trip to Europe by a few hours in an effort to convince progressive Democrats to vote for his infrastructure bill amid reports that paid family and medical leave are now likely to be left out of his spending package. CNN’s Don Lemon speaks with Jessica Dean and Arlette Saenz.
#CNN #News
https://wn.com/Biden_Delays_Europe_Departure_To_Meet_With_Democratic_Caucus
President Joe Biden is delaying his trip to Europe by a few hours in an effort to convince progressive Democrats to vote for his infrastructure bill amid reports that paid family and medical leave are now likely to be left out of his spending package. CNN’s Don Lemon speaks with Jessica Dean and Arlette Saenz.
#CNN #News
- published: 28 Oct 2021
- views: 39473
9:18
Nancy Pelosi touts Democrats' social spending plan after Biden addresses nation
House Speaker Nancy Pelosi touted the Democrats' social spending plan after President Joe Biden addressed the nation, calling the plan a historic investment and...
House Speaker Nancy Pelosi touted the Democrats' social spending plan after President Joe Biden addressed the nation, calling the plan a historic investment and fundamental game-changer.
WATCH the ABC News Livestream: https://bit.ly/3rzBHum
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#ABCNL #NANCYPELOSI #BIDEN
https://wn.com/Nancy_Pelosi_Touts_Democrats'_Social_Spending_Plan_After_Biden_Addresses_Nation
House Speaker Nancy Pelosi touted the Democrats' social spending plan after President Joe Biden addressed the nation, calling the plan a historic investment and fundamental game-changer.
WATCH the ABC News Livestream: https://bit.ly/3rzBHum
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#ABCNL #NANCYPELOSI #BIDEN
- published: 28 Oct 2021
- views: 3299
23:20
Biden addresses the nation after announcing 'Build Back Better' framework
"This framework includes historic investments in our nation and in our people," President Joe Biden said.
"This framework includes historic investments in our nation and in our people," President Joe Biden said.
https://wn.com/Biden_Addresses_The_Nation_After_Announcing_'Build_Back_Better'_Framework
"This framework includes historic investments in our nation and in our people," President Joe Biden said.
- published: 28 Oct 2021
- views: 12474
1:50
President Joe Biden to announce new social spending package framework
President Joe Biden will visit Capitol Hill Thursday ahead of his trip to Europe for the G20 summit. CNBC's Ylan Mui reports. For access to live and exclusive v...
President Joe Biden will visit Capitol Hill Thursday ahead of his trip to Europe for the G20 summit. CNBC's Ylan Mui reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal, and it has not been written into legislative language yet.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/President_Joe_Biden_To_Announce_New_Social_Spending_Package_Framework
President Joe Biden will visit Capitol Hill Thursday ahead of his trip to Europe for the G20 summit. CNBC's Ylan Mui reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden announced Thursday that he had reached a deal with Senate Democratic holdouts on the outlines of a $1.75 trillion social spending and climate bill.
The product of months of tense negotiations between moderate and progressive lawmakers in his party, the new framework contains more details than anything else the White House has released thus far.
But it still may not be enough to win over key congressional holdouts. “I know we have an historic economic framework,” Biden said in remarks at the White House. But he added, “I’ll have more to say after I return from the critical meetings in Europe this week.”
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, W.Va. and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal, and it has not been written into legislative language yet.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $1.75 trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 28 Oct 2021
- views: 17047
1:37
Why is Joe Biden’s Polling on the Decline? | THE CIRCUS | SHOWTIME
John Heilemann, Alex Wagner, Mark McKinnon, and Jennifer Palmieri take a look into Joe Biden’s poor polling, discussing possible causes and if it could be tempo...
John Heilemann, Alex Wagner, Mark McKinnon, and Jennifer Palmieri take a look into Joe Biden’s poor polling, discussing possible causes and if it could be temporary or long term. Watch new episodes on Sundays at 8/7c on SHOWTIME.
#SHOCircus
Subscribe to THE CIRCUS YouTube channel: https://goo.gl/gfoZtd
THE CIRCUS: INSIDE THE CRAZIEST POLITICAL SHOW ON EARTH
Come one, come all to THE CIRCUS. This documentary series pulls back the curtain on the high-stakes impact of the White House's headline grabbing dramatics.
https://wn.com/Why_Is_Joe_Biden’S_Polling_On_The_Decline_|_The_Circus_|_Showtime
John Heilemann, Alex Wagner, Mark McKinnon, and Jennifer Palmieri take a look into Joe Biden’s poor polling, discussing possible causes and if it could be temporary or long term. Watch new episodes on Sundays at 8/7c on SHOWTIME.
#SHOCircus
Subscribe to THE CIRCUS YouTube channel: https://goo.gl/gfoZtd
THE CIRCUS: INSIDE THE CRAZIEST POLITICAL SHOW ON EARTH
Come one, come all to THE CIRCUS. This documentary series pulls back the curtain on the high-stakes impact of the White House's headline grabbing dramatics.
- published: 28 Oct 2021
- views: 807
1:34
Sticking points to President Joe Biden's agenda
CNBC's Ylan Mui reports on recent developments surrounding President Biden's Build Back Better plan. For access to live and exclusive video from CNBC subscribe ...
CNBC's Ylan Mui reports on recent developments surrounding President Biden's Build Back Better plan. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
As President Joe Biden prepares to depart on Thursday for a week of summits in Europe, the White House and congressional Democrats are scrambling to finalize a deal on their signature domestic spending package.
If they can accomplish this, House Speaker Nancy Pelosi plans to bring a companion bipartisan infrastructure bill to the House floor for a vote before the president leaves for Rome. That bill has already been passed in the Senate. If it is approved in the House, Biden could sign it into law this week.
Biden visited New Jersey on Monday to promote the infrastructure piece of his two-part plan.
“This is going to be good union jobs for a prevailing wage that you can raise a family on, jobs that can’t be outsourced,” he said of the bill’s rail and transportation funding. “We’ll make the largest investment in public transportation in the history of America.”
Until Democrats can agree on the terms of the social safety net expansion bill, progressives in the House will not approve the infrastructure bill.
But in the Senate, two centrist Democrats — Joe Manchin of West Virginia and Kyrsten Sinema of Arizona — are refusing to endorse the spending plan until their specific demands are met.
In order to satisfy Manchin, the topline cost of the spending bill is being slashed from $3.5 trillion to between $1.5 and $2 trillion. To win over Sinema, Democrats must rework their original plan to tax the highest earners and corporations to pay for the safety net expansion.
Tough choices
Democrats are making some difficult decisions to bring the plan’s over price tag down. Several of Biden’s campaign promises have been abandoned altogether, like providing free community college and instituting a clean electricity standard with penalties for utilities that don’t comply.
Other programs that were initially going to be permanent will instead expire in a year or two, such as the expanded Child Tax Credit and expanded Medicaid.
Still, more plans were on a knife’s edge Monday, such as a plan to expand Medicare to include hearing, vision and dental care coverage. This plan is popular with voters and with members of Congress, but it’s also expensive, projected to cost around $350 billion over a decade.
Over the weekend, Pelosi acknowledged that Democrats are considering whether to cleave off the most expensive of the three Medicare services, dental care, in order to cut the cost. “Dental is very expensive,” she told CNN.
The Medicare question was further complicated Monday afternoon by reports that Manchin does not support any expansion of the program.
Another provision being reworked was paid family leave, a hallmark piece of Biden’s pledge that his bill would ease the financial burden on working families. Democrats initially wanted 12 weeks of guaranteed paid family and medical leave for every U.S. worker, a benefit that was projected to cost nearly $500 billion over a decade.
As negotiations have progressed, however, that plan has been scaled back. As of late last week, the White House was working on a plan to provide 4 weeks of paid leave to low-income workers, who are more likely to work in jobs that don’t offer paid leave.
But this too has encountered late-stage opposition from Manchin, NBC News reported Monday, citing multiple sources.
As negotiations have dragged on and grown increasingly tense, the White House and Democratic leaders in Congress have worked hard to keep their caucus focused on a common goal, and to prevent inter-party policy disagreements from becoming public fights.
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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/Sticking_Points_To_President_Joe_Biden's_Agenda
CNBC's Ylan Mui reports on recent developments surrounding President Biden's Build Back Better plan. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
As President Joe Biden prepares to depart on Thursday for a week of summits in Europe, the White House and congressional Democrats are scrambling to finalize a deal on their signature domestic spending package.
If they can accomplish this, House Speaker Nancy Pelosi plans to bring a companion bipartisan infrastructure bill to the House floor for a vote before the president leaves for Rome. That bill has already been passed in the Senate. If it is approved in the House, Biden could sign it into law this week.
Biden visited New Jersey on Monday to promote the infrastructure piece of his two-part plan.
“This is going to be good union jobs for a prevailing wage that you can raise a family on, jobs that can’t be outsourced,” he said of the bill’s rail and transportation funding. “We’ll make the largest investment in public transportation in the history of America.”
Until Democrats can agree on the terms of the social safety net expansion bill, progressives in the House will not approve the infrastructure bill.
But in the Senate, two centrist Democrats — Joe Manchin of West Virginia and Kyrsten Sinema of Arizona — are refusing to endorse the spending plan until their specific demands are met.
In order to satisfy Manchin, the topline cost of the spending bill is being slashed from $3.5 trillion to between $1.5 and $2 trillion. To win over Sinema, Democrats must rework their original plan to tax the highest earners and corporations to pay for the safety net expansion.
Tough choices
Democrats are making some difficult decisions to bring the plan’s over price tag down. Several of Biden’s campaign promises have been abandoned altogether, like providing free community college and instituting a clean electricity standard with penalties for utilities that don’t comply.
Other programs that were initially going to be permanent will instead expire in a year or two, such as the expanded Child Tax Credit and expanded Medicaid.
Still, more plans were on a knife’s edge Monday, such as a plan to expand Medicare to include hearing, vision and dental care coverage. This plan is popular with voters and with members of Congress, but it’s also expensive, projected to cost around $350 billion over a decade.
Over the weekend, Pelosi acknowledged that Democrats are considering whether to cleave off the most expensive of the three Medicare services, dental care, in order to cut the cost. “Dental is very expensive,” she told CNN.
The Medicare question was further complicated Monday afternoon by reports that Manchin does not support any expansion of the program.
Another provision being reworked was paid family leave, a hallmark piece of Biden’s pledge that his bill would ease the financial burden on working families. Democrats initially wanted 12 weeks of guaranteed paid family and medical leave for every U.S. worker, a benefit that was projected to cost nearly $500 billion over a decade.
As negotiations have progressed, however, that plan has been scaled back. As of late last week, the White House was working on a plan to provide 4 weeks of paid leave to low-income workers, who are more likely to work in jobs that don’t offer paid leave.
But this too has encountered late-stage opposition from Manchin, NBC News reported Monday, citing multiple sources.
As negotiations have dragged on and grown increasingly tense, the White House and Democratic leaders in Congress have worked hard to keep their caucus focused on a common goal, and to prevent inter-party policy disagreements from becoming public fights.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 25 Oct 2021
- views: 14928