White House: It has the sense Sen. Sinema does want to see a reconciliation bill

White House comments from Press Secretary

  • We are at a precarious, important time discussions on legislation
  • White House team, Biden will be working around the clock on talks with lawmakers
  • it has the sense that Sen. Sinema does want to see a reconciliation bill

Sen. Sinema is a key democratic senator who like Sen Manchin is more moderate and expressed concerns about spending bill and increased taxes.

Present Biden’s first-term domestic agenda is packed into the massive bill, which has no Republican support and will have to be passed by using a budgetary process called reconciliation

This will allow it to pass with 50 votes, versus the 60 votes that are normally required to pass Senate measures. 

The fate is still n the hands of both Sinema and Manchin as the Senate is evenly divided, 50-50.  

Invest in yourself. See our forex education hub.

Technical Analysis

Articles You May Like

Dollar Extends Winning Streak, Though Momentum Hints at Waning Strength
Germany September PPI -0.5% vs -0.2% m/m expected
Gold hovers in an overbought zone, but upside still left
Here’s why inflation may look like it’s easing but is still a huge problem
Crude oil futures forecast – weekly chart. Bears eyeing $67.75 next

Leave a Reply

Your email address will not be published. Required fields are marked *