6/8/2021, 10:57 PM (Source: TeleTrader)
more TeleTrader news

Biden ends infrastructure talks with Capito-led senators

Negotiations between President Joe Biden and a group of Republican senators led by Shelley Moore Capito over his infrastructure package collapsed on Tuesday.

Instead, the White House will start discussing the president's $1.7 trillion infrastructure bill with a bipartisan group of senators that includes the chamber's more moderate members.

In the meantime, Democrats have been preparing to use the budget reconciliation process as a back-up plan in order to pass Biden's proposal, according to Senate Majority Leader Chuck Schumer.

Baha Breaking the News (BBN) / JC