Biden says he hopes Democrats reach spending deal this week

By Kitco News / October 25, 2021 / www.kitco.com / Article Link

PLAINFIELD, N.J., Oct 25 (Reuters) - U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.

Biden visited New Jersey to sell his "Build Back Better" agenda after talks on Sunday with moderate Democratic Senator Joe Manchin, whose vote is critical to the package, and Senate Majority Leader Chuck Schumer, a fellow Democrat.

"That's my hope," Biden told reporters as he departed Wilmington in his home state of Delaware en route to neighboring New Jersey.

Democrats are seeking to coalesce around two key pieces of legislation - an up-to-$2 trillion social spending and climate change plan and a $1 trillion infrastructure plan - to make good on Biden's campaign promises.

The prolonged debate on the spending plans comes as Biden prepares to attend two major summits: a G20 gathering of world leaders in Rome that starts on Saturday and a climate summit in Glasgow, Scotland, kicking off on Sunday.

The White House said Biden was not concerned he might have to leave the country without the legislative work completed, saying he could still work on the issues while on the road.

"We believe we're going to get it done and we're making progress every day," White House spokesperson Karine Jean-Pierre told reporters aboard Air Force One.

Biden visited an elementary school in Plainfield, New Jersey, to promote provisions of his plan, and was to deliver a speech later in the Newark area before returning to Washington.

House of Representatives Speaker Nancy Pelosi on Sunday said a vote on the infrastructure package was planned for this week after Democrats reach an agreement on the other budget measure.

Biden said weekend discussions with Senator Manchin were productive but some issues remain.

"It went well," he told reporters before the New Jersey events. Democrats have a few more things to work out, Biden said, "but it went well."

Reporting by Nandita Bose, Steve Holland and Doina Chiacu; writing by Susan Heavey; editing by Jonathan Oatis
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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