Biden retains confidence in infrastructure bill

The US president has not given up hope for the infrastructure package he wants passed in the Senate, which is meant to extend the federal subsidy scheme for wind power, among other things.
Photo: SAUL LOEB/AFP / AFP
Photo: SAUL LOEB/AFP / AFP
BY MARKETWIRE, TRANSLATED BY DANIEL FRANK CHRISTENSEN

This weekend, US President Joe Biden's major infrastructure bill, Build Back Better, ran into opposition from Democratic Party Senator Joe Manchin from West Virginia, spelling trouble for the president, who will likely need all votes from democrats to get the bill passed in the Senate.

However, Biden is still confident that he and Manchin can reach an accord.

“I still think there’s a possibility of getting Build Back Better done,” Biden said at a White House press conference on Tuesday, writes Bloomberg News.

Biden argues, among other things, that investment bank Goldman Sachs quickly responded by downgrading its growth forecast for the US economy after the West Virginia senator declared his opposition to Build Back Better.

“All the things in that bill are going to reduce prices and costs for middle-class and working-class people,” he said:

“Senator Manchin and I are going to get something done.”

Backstage, the Democrats are working hard to adjust the bill in order to reach a resolution.

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