General News

LIVE: Biden speaks on economy, pitches infrastructure spending

President Biden to make case for infrastructure plan in White House remarks

Biden’s remarks come as Senate Majority Leader Chuck Schumer pressures lawmakers to reach an agreement this week on a pair of massive domestic spending measures.

WASHINGTON — President Joe Biden is scheduled to deliver remarks Monday morning on the economy, making the case for a major infrastructure investment by the federal government.

Senate Majority Leader Chuck Schumer is pressuring lawmakers to reach agreement this week on a pair of massive domestic spending measures, signaling Democrats’ desire to push ahead aggressively on Biden’s multitrillion-dollar agenda.

Schumer, D-N.Y., said he was scheduling a procedural vote for next Wednesday to begin debate on a still-evolving bipartisan infrastructure bill. Senators from both parties, bargaining for weeks, have struggled to reach final agreement on a $1 trillion package of highway, water systems and other public works projects.

Schumer said he also wanted Democratic senators to reach agreement among themselves by then on specific details of a separate 10-year budget blueprint that envisions $3.5 trillion in spending for climate change, education, an expansion of Medicare and more.

Biden’s remarks are scheduled to begin at 11:30 a.m. Eastern. 

On Sunday, Republican Sen. Rob Portman said a proposal to strengthen IRS enforcement to crack down on tax scofflaws to help fund the bipartisan infrastructure spending bill was officially off the table. 

Portman’s announcement that the IRS provision had been removed underscores the difficulty facing the bipartisan group of Republican and Democratic senators in finding mutually agreeable ways to pay for billions of dollars of new spending their White House-backed plan calls for.

See also  Seinfeld: The 9 Worst Things George Ever Did

After his remarks, Biden is set to host King Abdullah II of Jordan, a meeting that comes at one of the most difficult moments of the Jordanian leader’s 22-year rule and at a pivotal moment in the Middle East for Biden. 

The Associated Press contributed to this report. 

Source link

About the author


Add Comment

Click here to post a comment

Your email address will not be published.