Democrats see progress with Manchin in talks of the latest disaster

Democrats hope quiet negotiations between Senate Majority Leader Chuck Schumer and Senator Joe Manchin can quickly produce a deal to advance key elements of President Biden’s economic agenda before the window closes to pass ambitious legislation. before the close of the mid-term elections “, the Wall Street newspaper relationships.

“Mr. Manchin, a Democrat from West Virginia, and Schumer, a Democrat from New York, have held a series of meetings in recent weeks on a package focused on lowering the cost of prescription drugs, raising taxes and strengthening of energy production in the United States “.

While the substance of these conversations remains tightly held, some Democrats and outside analysts now expect a possible deal could raise about $ 1 trillion in revenue and spend about $ 500 billion over a decade. With about half of the new revenue devoted to deficit reduction, spending would focus on tax incentives to reduce carbon emissions and support for fossil fuels, as well as an extension of subsidies for purchasing health insurance under of the Affordable Care Act “.

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