TELETRADER News
10/22/2021, 4:52 PM (Source: TeleTrader)
more TeleTrader news

Pelosi: Spending deal within reach

United States House Speaker Nancy Pelosi asserted on Friday that an agreement on the spending bill is within reach, with legislators hoping to reach a deal in the next two days. However, Pelosi noted that the timing is still uncertain.

The negotiations recently complicated further after Senator Kyrsten Sinema reportedly insisted she wouldn't vote for a bill that raises taxes on businesses, high-income individuals and capital gains.

The initial $3.5 trillion spending in the reconciliation package was lowered to around $1.5 trillion, according to earlier remarks made by Senator Joe Manchin, with the latest talks revolving around that number.

Baha Breaking the News (BBN) / ND