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Biden has a new spending plan he thinks all Dems will support, potentially ending months of gridlock, reports say

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Joe Biden
President Joe Biden. Rick Loomis/Getty Images
  • President Joe Biden is set to reveal a compromise spending plan Thursday, The Washington Post said.

  • Sources told the paper the new plan was designed to attract the support of all Democrats.

  • Feuding within the party has stalled the bill for months, imperiling Biden's signature legislation.

President Joe Biden is set to announce an update to his social-spending plan meant to attract the support of all Democrats, ending weeks of deadlock, according to multiple reports.

The Washington Post first reported the plan, which NBC News said would be rolled out in a 9 a.m. ET meeting with House Democrats and an address to the nation from the White House East Room at 11:30 a.m. ET.

Written details of the revised framework - which started at a cost of $3.5 trillion spread over 10 years - are also due to be released Thursday, an unnamed source familiar with the discussions told The Post.

Progress on the bill has stalled in both chambers of Congress because of division among Democrats over its details.

In the House, progressive lawmakers have called for higher spending, while, in the Senate, Democrats including Joe Manchin and Kyrsten Sinema have balked at the price tag.

The details of Biden's new plan remain unclear, according to The Post, but Biden has already responded publicly to pressure to bring down the total cost.

Early this month, Biden floated a reduced price tag of $2 trillion for the bill, and later Insider's Joseph Zeballos-Roig reported that he had conceded in mid-October that he was not going to secure support for the full $3.5 trillion in spending.

A week ago, he also said expanded Medicare spending would be a "reach," something he said was "because of Mr. Manchin," Insider's Zeballos-Roig and Azmi Haroun reported.

Thursday's meeting would be at least Biden's second recently to persuade holdouts on his spending. He met with Manchin on Sunday to hammer out further details but came away empty-handed.

Manchin and Sinema have objected to several aspects of the bill, including environmental initiatives, paid family leave, and a billionaire tax.

A separate $1 trillion infrastructure bill, already passed by the Senate, also hinges on the progress of the social-spending package.

Progressive lawmakers, frustrated by Sinema and Manchin's brakes on the social-spending bill, have said it must be finalized before they will vote on the separate infrastructure bill - whose deadline for a House vote is Sunday.

Rep. Alexandria Ocasio-Cortez of New York argued Wednesday that Democrats needed to see the full social-spending bill, and not just a framework, before they agreed to vote, CNN reported:

On Wednesday, House Speaker Nancy Pelosi announced a hearing on the social-spending bill for Thursday, a key step in moving the plan forward, The Post reported.

Read the original article on Business Insider

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