Congress continues negotiations over President Joe Biden's economic agenda: Reports скачать в хорошем качестве

Congress continues negotiations over President Joe Biden's economic agenda: Reports

CNBC's Kayla Tausche joins 'Squawk Box' to break down new reports that Congress is proceeding with negotiations over President Joe Biden's economic agenda. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Democrats have a new deadline to enact President Joe Biden’s economic agenda. The party will try to pass both a bipartisan infrastructure bill and a broader investment in social programs by the end of October, Senate Majority Leader Chuck Schumer, D-N.Y., told his caucus in a letter Monday. The party aims to approve the plans before the Oct. 31 expiration of major transportation funding programs, which the infrastructure legislation would renew. To pass what they bill as a transformative investment in the social safety net and climate policy, Democrats will have to satisfy progressives who thought an initial $3.5 trillion price tag was too small and at least one centrist who wants to spend no more than $1.5 trillion. Negotiations around the plan, which kicked into high gear last week, would have to yield a breakthrough in the coming days for Congress to write and pass a bill in time. “Not every member will get everything he or she wanted,” Schumer wrote to Senate Democrats. “But at the end of the day, we will pass legislation that will dramatically improve the lives of the American people. I believe we are going to do just that in the month of October.” The Senate leader said he wanted to reach a final deal “within a matter of days, not weeks.” Schumer set out the new timeline after House Democrats delayed a planned Thursday vote on the Senate-passed infrastructure bill. Progressives, seeking assurances Democrats will pass their larger social spending and climate proposal, withheld support for the bipartisan plan. Biden, Schumer and House Speaker Nancy Pelosi, D-Calif., all appear to have acknowledged neither bill will pass without the other. They have also stressed that both wings of their party will have to yield ground to find a sweet spot between $1.5 trillion and $3.5 trillion. “We’re in the process of continuing to talk to all the parties. We’ll see what we get,” Biden said Monday when asked if he would accept a $2 trillion bill. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV