White House: It has the sense Sen. Sinema does want to see a reconciliation bill

Technical Analysis

White House comments from Press Secretary

  • We are at a precarious, important time discussions on legislation
  • White House team, Biden will be working around the clock on talks with lawmakers
  • it has the sense that Sen. Sinema does want to see a reconciliation bill

Sen. Sinema is a key democratic senator who like Sen Manchin is more moderate and expressed concerns about spending bill and increased taxes.

Present Biden’s first-term domestic agenda is packed into the massive bill, which has no Republican support and will have to be passed by using a budgetary process called reconciliation

This will allow it to pass with 50 votes, versus the 60 votes that are normally required to pass Senate measures. 

The fate is still n the hands of both Sinema and Manchin as the Senate is evenly divided, 50-50.  

Invest in yourself. See our forex education hub.

Articles You May Like

These 8 stocks hit 52-week high, rallied up to 18% in a month
Home Depot’s sales are improving, but it says consumers are still cautious about spending
Buy the dip! HAL, PNB, IDFC First Bank among 10 stock ideas from Jefferies
Gold price today: Gold prices jump Rs 2,200/10 gms in a week, silver surges Rs 900/kg
Dollar Reasserts Dominance on Fed Expectations and Risk Sentiment

Leave a Reply

Your email address will not be published. Required fields are marked *