U.S. House Democrats face test of unity on Biden spending plans

0
36
U.S. House Democrats face test of unity on Biden spending plans
Advertisement


Investing.com - Financial Markets Worldwide

Please try another search


Economy46 minutes ago (Aug 23, 2021 10:00AM ET)

U.S. House Democrats face test of unity on Biden spending plans
© Reuters. FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) answers questions from reporters during her weekly news conference, on Capitol Hill in Washington, U.S., August 6, 2021. REUTERS/Gabrielle Crockett/File Photo

By Susan Cornwell

WASHINGTON (Reuters) -Democrats face a test of unity in the U.S. House of Representatives on Monday as they begin work on two ambitious spending plans that would devote trillions of dollars to transportation infrastructure and social programs.

While centrist Democrats are eager to pass a $1 trillion infrastructure bill that has already won approval in the Senate, liberals say they must prioritize a $3.5 trillion budget blueprint that would expand spending on child care and education. Both measures are priorities for Democratic President Joe Biden.

The first test will come on Monday evening, when the House is due to vote on a package that would advance both spending bills, as well as a separate voting rights proposal.

That would clear the way for a final vote on the budget plan and the voting rights bill on Tuesday, but would not set a timeline for passage of the infrastructure bill.

Nine moderates who are pushing the House to first pass the infrastructure bill have threatened to vote against the package. That could potentially scuttle it in the House, where Democrats hold a 220-212 majority.

“There is a standoff with some of our colleagues who have decided to hold the infrastructure bill hostage for months, or kill it altogether, if they don’t get what they want in the next bill,” they wrote in the Washington Post on Monday.

House Speaker Nancy Pelosi has sided with liberals who worry they might lose leverage on the social spending effort if they first pass the infrastructure bill. She wants the House to complete work on both bills by Oct. 1.

“Any delay to passing the budget resolution threatens the timetable for delivering the historic progress and the transformative vision that Democrats share,” Pelosi wrote fellow Democrats on Saturday.

No Republicans are expected to support the budget resolution plan, which sets the broad outline for spending on education, childcare, healthcare and climate measures favored by Biden and pays for them with tax hikes on the wealthy and corporations.

Crucially, the budget resolution plan would allow Democrats to pass those spending measures on a simple majority vote in the Senate, rather than the 60 votes required for most legislation in that chamber.

The Senate is split 50-50 between Republicans and Democrats. Democratic Vice President Kamala Harris has the power, however, to cast the tie-breaking vote.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here