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Negotiations between Congress and the White House for the budget bill under the Reconciliation process are progressing and it could be defined between $ 1.7 and $ 2 trillion dollars.
This Wednesday the agreement would be reached and this week the guidelines on how the project should be integrated will be ready, where the different programs to be promoted are established, but that require drafting of specific reforms, a Senate source confirmed to this newspaper.
At the same time, the White House affirms that the president Joe Biden had a productive meeting with Senators Joe Manchin (West Virginia) and Kyrsten Sinema (Arizona), the Democrats who have put the most “buts” on the economic project.
“The President received Senator Manchin and Senator Sinema at the White House yesterday (Tuesday) to continue their negotiations on the Build Back Better Act.“Confirmed a federal official. “All three have moved on … they look forward to the next steps so that we can offer Americans high-paying jobs, make historic investments to make health care and child care more affordable for American families, and address climate change.”
The Biden Administration report does not emphasize what are the agreements made with Sinema and Manchin, who reject high social spending, but the president does not seem to agree very much with the low proposal of $ 1.5 billion dollars.
Majority Leader in the Senate, Chuck Schumer (New York), confirmed the progress and was confident that there would be a final agreement this Wednesday.
“I am working especially hard to strengthen Medicare and make prescription drugs more affordable,” the senator said in plenary.
He stressed that in the restructuring of the plan, Senator Bernie Sanders (Vermont), Chairman of the Budget Committee, has been integrating the new agreements, without neglecting the spirit of the social investment plan.
“In essence, the goals of Build Back Better are to restore the middle class in the 21st century, to help people who belong to the middle class to stay there, to help people who are struggling to reach the middle class to do so. ”.
Senate Majority Leader Chuck Schumer
He regretted that the middle class in the US has been the most economically impacted in the last 20 years, even before the COVID-19 pandemic.
“The Federal Reserve estimated that more than 40% of Americans at this time would still have trouble meeting an emergency expense of only $ 400,” he lamented.
That means those families can barely tap into a few dollars in cash for emergencies like fixing their car, doing home repairs or visiting a doctor, unlike decades ago, the Democrat said.
“Build Back Better consists precisely, precisely, in rekindle that faith in the American Dream. It is not an easy task ”, he acknowledged.
Senator Schumer highlighted key aspects of the project that will be sought to rescue, such as paying for child care and Pre-K, as well as medical care for the elderly and better access to prescription drugs.
Senator Sanders is one of the main drivers of health adjustments.
“Does anyone seriously think it’s ‘radical’ to suggest that the pharmaceutical industry shouldn’t charge the American people FOUR TIMES what they pay in other major countries for exactly the same prescription drugs?”
Schumer felt that now is the time to move on.
“This is the best opportunity we have had in a long time to ensure that the next few decades will offer the same, or even greater, opportunities that Americans have enjoyed in the past,” he said.
Once there is an agreement on the guidelines, they will be shared with the House of Representatives so that the reforms are drafted and the bill that would be approved under the Reconciliation process is integrated.
According to a report by The Washington Post, the Speaker of the House, Nancy Pelosi (California) told colleagues privately that they had made significant progress in bridging the gaps between their liberal and moderate factions on the project.
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.