Thursday, July 29

Biden infrastructure plan

angus king, Bernie Sanders, Biden infrastructure plan, Congress, Democrats, Economy, Infrastructure, Joe Biden, Joe Manchin, Jon Tester, original reporting, Politics, Republicans, Stimulus, White House

Bernie Sanders says he wants over $3.5 trillion for a Democrat-only infrastructure package. Senate Democrats aren’t ready to commit.

Sanders wants a Democrat-only infrastructure bill that's larger than $3.5 trillion. "I'm going to fight to make that proposal as robust as it can be," he said outside the White House. Talks are in their early stages, and Insider spoke to several Democrats who weren't ready to commit. See more stories on Insider's business page. Sen. Bernie Sanders on Monday said he's pushing Democrat-only infrastructure package larger than $3.5 trillion, as Senate Democrats kicked off a frenzied legislative period."I'm going to fight to make that proposal as robust as it can be," Sanders told reporters outside the White House after an afternoon mee...
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Bernie Sanders said he’d oppose a $3 trillion Democrat-only infrastructure plan since it’s’much too low,’ potentially setting up spending showdown with Manchin

Sanders ruled out backing a Democrat-only infrastructure plan below $3 trillion. "That's much too low," he told New York Times opinion columnist Maureen Dowd. It may set up a confrontation with centrists like Joe Manchin, who favor a smaller plan. See more stories on Insider's business page. Sen. Bernie Sanders indicated that he would oppose a Democrat-only spending bill if its price tag didn't top $3 trillion, brushing anything lower as too meager. It may set the stage for a confrontation between Sanders and moderate Democrats looking to restrain the size of a follow-up package.In an interview with New York Times opinion columnist...
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Pelosi rebuffs McConnell’s demands on infrastructure, holding firm on clearing a Democrat-only social spending plan

Nancy Pelosi just brushed back Mitch McConnell's demands on infrastructure. She's holding firm on her commitment to clear a bipartisan deal only after Senate Democrats approve a party-line bill. The reconciliation package is poised to be full of social initiatives the GOP fiercely opposes. See more stories on Insider's business page. House Speaker Nancy Pelosi is holding firm on her commitment to not approve a $579 billion bipartisan infrastructure agreement until a party-line package reaches the lower chamber."The statement that I made as such is the statement I stand by," Pelosi told reporters at a press conference, adding that H...
Biden infrastructure plan, car manufacturing, Hot rolled coil steel, Hot rolled coil steel prices, Markets, metals prices, MI Exclusive, Steel Prices

The price of a steel product used in cars and construction hit an all-time high as Biden marches forward with $579 billion infrastructure plan

FILE PHOTO: A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania Reuters The price of a key steel product used in construction and car manufacturing hit a record high Monday as Biden marches ahead with his infrastructure spending plan. Hot-rolled coil for July delivery rose as much as 0.7% to a record $1,801 a short ton in New York. Prices are up roughly 2.6% after the president secured a bipartisan infrastructure deal on Thursday. Prices have more than tripled over the last year a part of a broader commodities rally. Investors have also bid up copper and iron ore in a bet that massive US spending to rebuild railroads, highways, and bridges will boost demand for metals. On Thursday Biden threw his support behind a $1 trillion infrastructure ...
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Joe Manchin indicated he would cut a Democratic-only infrastructure plan to $2 trillion so it doesn’t grow the national debt

Manchin said Sunday he would support a $2 trillion Democratic-only infrastructure plan. Senate Democrats are weighing up to $6 trillion in new spending, and Manchin may derail their ambitions. "I do not want to add more debt on," Manchin said on ABC's "This Week." LoadingSomething is loading. ...