Senate Dem Calls Biden's $3.5 Trillion Plan 'Fiscal Insanity', Agenda in Jeopardy as Democrats Can't Unite
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- Two key parts of PresidentBiden's domestic agenda
are in jeopardy with progressiveand centrist Democrats
still unable to reach anagreement on what could be
a $3.5 trillion budgetreconciliation plan.
- We're obviously at aprecarious and important time
in these discussions.
- [Abigail] While most Democrats
support the bipartisan infrastructure bill
that's already cleared theSenate, Senator Bernie Sanders
is encouraging progressive House Democrats
not to vote for it until they're assured
the Senate will pass the Democrat only
budget reconciliation bill too.
- If we just go forward
with the physical infrastructure bill,
it is very possiblethat nothing will happen
with reconciliation and thatwould be a terrible shame.
- [Abigail] ModerateDemocratic Senator Joe Manchin
released a statementWednesday night stating that
spending trillions more onnew government programs,
when we can't even payfor essential programs
like Social Security andMedicare is fiscal insanity,
adding he cannot support $3.5trillion more in spending.
- We're not proceeding withanything that doesn't have
agreement between theHouse and the Senate.
- [Abigail] Senate Democratsare also struggling
to raise the debt ceilingwithout GOP support
before the U.S. runs out of money
to pay its bills in mid-October.
But Majority Leader Chuck Schumer claims
doing so through budgetreconciliation isn't an option.
- Individual senators could move to delay
and delay and delay.
It is very risky and couldwell lead us to default,
even if only one senatorwanted that to happen.
That's very possible.
So you can't do it this route.
Everyone who's studiedit, knows it is risky.
- Well, the good newsfor President Biden is
it looks like Congress will act today
to avert a government shutdown.
But the planned vote in the House
on the infrastructure bill could be pulled
if House Speaker Nancy Pelosifeels that she doesn't have
the votes to pass it
without support fromprogressive Democrats.