[Global Network Report] According to CNN and CNBC news, US President Biden issued a statement on the $1.75 trillion "Rebuilding a Better Future" spending bill on the 16th, implicitly acknowledging that the bill will miss the deadline for passing in the Senate before Christmas, and suggesting that the passage of the bill may be postponed until next year.
"My team and I are discussing with Senator Manchin, and this work will continue next week," Biden said in a statement, according to CNN. "It will take time to finalize these agreements, prepare legislative changes, and complete all the procedural steps so that the Senate can vote. We will jointly promote this work in the next few days and weeks. Schumer, the leader of the US Senate Majority, and I are both determined to let this bill land as soon as possible. "
CNBC said that it was Senate Majority Leader Schumer who set the deadline for Biden’s 1.75 trillion "Rebuilding a Better Future" spending bill before Christmas, but the negotiations are progressing slowly. CNN said that the main obstacle facing the Democratic Party is Senator Manchin, a moderate Democrat, whose "swing vote" is crucial to the passage of the bill.
On the 16th, Biden made a speech at the White House in Washington, USA.
Regarding the coverage of this 1.75 trillion bill, it was previously reported that it includes that the United States will invest 555 billion dollars to deal with climate change and develop clean energy, allocate 400 billion dollars to provide two-year free preschool education and reduce the cost of childcare for ordinary families, use 200 billion dollars for childcare tax deduction and income tax deduction for low-income people, and use 150 billion dollars to build housing.
Why is this "Rebuilding a Better Future" bill so important to Biden? Washington post analyzed that Biden’s ruling performance and political agenda have been in a state of disaster recently. The chaotic withdrawal of Afghan troops, the resurgence of the COVID-19 epidemic this summer and the rising inflation have made many Democrats worry that the party will face a terrible political situation in next year’s mid-term congressional elections. If the US Congress can pass it, it will prove the ruling ability of Biden and the Democratic Party.