Senate Democrats Agree to $3.5T Budget Reconciliation Bill
Summary from the AllSides News Team
On Tuesday night, Democrats on the Senate Budget Committee agreed to a budget reconciliation bill of $3.5 trillion. The bill would include an expansion of Medicare, climate change initiatives, and funding for racial justice programs.
Whether everything in the bill adheres to rules governing the reconciliation process remains to be seen as more details emerge. Senate Majority Leader Chuck Schumer (D-N.Y.) hopes to get all 50 Democratic Senators on board; Republicans oppose rolling back tax cuts to finance infrastructure initiatives.
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From the Center
U.S. Senate Democrats agree to $3.5 trln for budget reconciliation bill
U.S. President Joe Biden's drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed on a $3.5 trillion investment plan they aim to include in a budget resolution to be debated soon, Senate Majority Leader Chuck Schumer said.
"We have come to an agreement," Schumer told reporters after more than two hours of closed-door talks that included Senate Budget Committee Democrats and White House officials. Republicans have not been part of these negotiations.
"You add that to the $600 billion in a bipartisan plan...
From the Left
Democrats' next political high-wire act: Selling their $3.5T budget deal
Top Senate Democrats are finally in array on a $3.5 trillion price tag for their party's momentous social spending plans. Their next task will be even tougher: selling it to the rest of their party.
The massive top-line number that Senate Budget Committee Democrats released Tuesday night affords plenty of room to spend on President Joe Biden’s priorities, from child care to fighting climate change. But just because Senate Budget Chair Bernie Sanders (I-Vt.) climbed down from his initial hopes of a $6 trillion spending plan doesn't mean that his...
From the Right
Senate Democrats strike tentative deal on $3.5 trillion party-line spending package
Senate Majority Leader Charles E. Schumer announced Tuesday a tentative framework for a $3.5 trillion party-line social welfare package, although it remains to be seen whether Democrats can unite behind the measure.
Mr. Schumer announced the deal after meeting with all 11 Democrats on the Senate Budget Committee. The panel will be responsible for shepherding the deal through the budget reconciliation process, which allows spending bills to pass via a simple majority of 51 votes in the evenly split Senate.
“The budget resolution with instructions will be $3.5 trillion,” said Mr. Schumer, New York Democrat....
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