White House Announces $1.75 Trillion Budget Framework Agreement

White House Announces $1.75 Trillion Budget Framework Agreement
President Joe Biden and Speaker of the House Nancy Pelosi depart following a meeting with the Democratic caucus at the U.S. Capitol in Washington on Oct. 28, 2021. Nicholas Kamm/AFP via Getty Images
Joseph Lord
Updated:

The White House on Thursday announced that Democrats had reached a deal on the broad strokes of their multi-trillion budget reconciliation bill, resolving months of infighting among the Democratic caucus in Congress.

To appease Sens. Joe Manchin (D-W. Va.) and Kyrsten Sinema (D-Ariz.), the bill’s price tag has been slashed in half from an original top-line price of $3.5 trillion down to a top-line price of $1.75 trillion.