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Biden Concedes $3.5 Trillion Package May Be Reduced

  • Writer: By The Financial District
    By The Financial District
  • Oct 8, 2021
  • 2 min read

President Joe Biden and congressional Democrats’ push for a 10-year, $3.5 trillion package of social and environmental initiatives has reached a turning point, with the president repeatedly conceding that the measure will be considerably smaller and pivotal lawmakers flashing potential signs of flexibility, Alan Fram and Jonathan Lemire reported for the Associated Press (AP).

Photo Insert: President Joe Biden meets with House Speaker and Nancy Pelosi and Senate Majority Leader Chuck Schumer.

In virtual meetings Monday and Tuesday with small groups of House Democrats, Biden said he reluctantly expected the legislation’s final version to weigh in between $1.9 trillion and $2.3 trillion, a Democrat familiar with the sessions said Tuesday.


He told them he didn’t think he could do better than that, the person said, reflecting demands from some of the party’s more conservative lawmakers.


Biden used those same figures during a Friday meeting in the Capitol with nearly all House Democrats, according to that person and a second Democrat familiar with the gathering. Both Democrats would describe the meetings only on the condition of anonymity.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

There has been no agreement on a final figure, and plenty of other unanswered questions — plus the possibility of failure — remain. Crucial unresolved matters include how to get virtually every Democrat in Congress to vote for a measure they’ve spent months fighting over and that Republicans will solidly oppose, and whether the shrunken price tag would be reached by dropping some proposals or by keeping most but at a lower cost or shorter duration.


Government & politics: Politicians, government officials and delegates standing in front of their country flags in a political event in the financial district.

But by repeatedly conceding that the crown jewel of his own domestic agenda will have to shrink and providing a range for its cost, Biden is trying to push his party beyond months of stalemate and refocus bargainers on nailing down needed policy and fiscal decisions.





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