Pelosi, Schumer Announce ‘Agreement on a Framework’ to Fund Budget Bill

Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer speak during the Bill Enrollment for the American Rescue Plan Act ceremony after the House Chamber voted on the final revised legislation of the $1.9 trillion COVID-19 relief plan, at the US Capitol in Washington, on March 10, 2021. Olivier Douliery/AFP via Getty Images

At a weekly press conference Thursday, Speaker of the House Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.), joined by Treasury Secretary Janet Yellen, announced that the White House, the House, and the Senate had negotiated a “framework” to pay for the $3.5 trillion Build Back Better Act.

Opening the conference, Schumer said: “The White House, the House, and the Senate have reached agreement on a framework that will pay for any final negotiated agreement. So the revenue side of this, we have an agreement.” He clarified that they have “an agreement of a framework.”