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    Pelosi discards Thursday’s House vote on infrastructure bill as Democrats fail to reach agreement

    Chairman Nancy Pelosi canceled a planned vote in the US House of Representatives on the $ 1 trillion bipartisan infrastructure bill late Thursday as Democrats were unable to agree on their spending proposal.

    Progressive House Democrats have promised to block infrastructure
    pavement,
    -2.16%

    The bill has already been passed by the Senate, unless the party’s $ 3.5 trillion package of “human infrastructure” moves forward in parallel.

    Meanwhile, moderate Democratic senators continued to oppose the price tag of the larger bill, making it difficult for progressives in the House of Representatives to get the Senate’s guarantee that they were demanding it.

    Related: Manchin is fighting anti-aircraft to support Biden’s agenda, saying Democrats should “election more liberals” if they want more spending.

    Not voting on Thursday is a step backwards given that Pelosi, President Joe Biden, and other Democratic leaders control both Congress and the White House, but with the goal of bringing the party’s agenda to fruition. The negotiations that took place are expected to last for days to weeks ahead.

    In a letter to a Democratic colleague late Thursday, Pelosi said, “To reach a bicameral framework agreement with the House of Representatives, the Senate, and the White House to achieve better recovery through a settlement bill. The debate continues. “

    She was cheerful for voting on the infrastructure bill Thursday morning.

    “We are on the road to winning the vote. I don’t want to think of any other options,” he said. A California Democrat told reporters at a weekly briefing in the morning.

    She regarded the $ 3.5 trillion package as a “culmination” of her service in Congress “because it was about children” and emphasized that it would be enacted.

    “There is a reconciliation bill, which is certain,” she said. A process known as budget adjustment..

    But she said it’s hard to convince progressives to support a small bill, sometimes called the Bipartisan Infrastructure Framework (BIF).

    “But without the peace of mind that a settlement bill will come, it’s impossible to convince people to vote for BIF,” Pelosi said.

    on Wednesday, Pelosi suggested the House of Representatives may not vote on Thursday As planned by the infrastructure bill. She also signaled on Wednesday that the legislative text agreed for the $ 3.5 trillion package was needed to gain support among progressives for smaller measures.

    Democrat Plamira Jayapal of Washington, who chairs Parliamentary Progressive Caucus, was depressed to vote after appearing on CNN late Thursday before Pelosi’s decision.

    “I don’t think the infrastructure bill will be passed tonight. I don’t think there is any agreement on a settlement bill yet. That clearly shows what we need.” Infrastructure bill. I’m going to vote for it, “said Jayapal.

    A month ago, Pelosi set last Monday as the target date for voting on infrastructure packages, but recently postponed the deadline to this Thursday.She had Promised to vote by last Monday To get support for a larger package of procedural voting from a group of moderate House Democrats.

    The bipartisan infrastructure bill, known as the Infrastructure Investment and Employment Act, is Passed the Senate with 69-30 votes It’s August 10th, but you still have to move around the house and sign the law by Biden.

    look: Here’s what the House of Representatives is aiming to pass on a bipartisan infrastructure bill and how to pay for it:

    In addition to working on big plans for public works and social programs, the Democratic-run Washington has dealt with deadlines to fund the government to avoid the drama of partial closures and debt restrictions.

    read more: Biden signs bill to prevent government closure as debt restrictions continue

    U.S. stocks
    DJIA,
    -1.59%

    SPX,
    -1.19%

    Thursday’s closing price fell, and September’s S & P 500 fell nearly 5%.

    Pelosi discards Thursday’s House vote on infrastructure bill as Democrats fail to reach agreement

    Source link Pelosi discards Thursday’s House vote on infrastructure bill as Democrats fail to reach agreement

    The post Pelosi discards Thursday’s House vote on infrastructure bill as Democrats fail to reach agreement appeared first on Eminetra.

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