Thomas Barrabi

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.

Manchin says carbon tax not on the table 'right now'

Sen. Joe Manchin, D-W.Va., said Tuesday that he would not support the inclusion of a so-called “carbon tax” in President Biden’s social spending bill, presenting another potential roadblock for Democratic leaders scrambling for an agreement on the administration’s signature legislation.