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Democrat Senator Queries Ability To Pass Infra Bills Following Biden Comments
Responding to a story from Politico claiming that the White House has confirmed to their Playbook team that new spending not included in the bipartisan infrastructure deal looking to get through the Senate cannot simply be included in the separate infrastructure bill going through via reconciliation, US Senator Chris Murphy (D-CT) has tweeted: "In my humble opinion there is not a path to 60 on the bipartisan package or 50 on reconciliation if this is true."
- The Politico Playbook article states that "Joe Biden suggested there would be no coming back for seconds: When it comes to spending on basic physical infrastructure [...], the bipartisan deal is it. There will be no using the parallel, Democrats-only reconciliation package to spend more on those things than Republicans agreed to. Instead, Biden indicated, the reconciliation bill is exclusively for stuff that Democrats want but Republicans oppose [...]On the left, some progressives have argued that they would simply add to the reconciliation bill anything that wasn't fully funded in the bipartisan bill. That's not happening [...]From the White House's perspective, these issues are now resolved and the reconciliation bill can't be used to take another crack at them. We checked with the White House, and officials confirmed that this interpretation is correct."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.