Biden pulls back curtain on spending negotiations with Democrats

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Biden pulls back curtain on spending negotiations with Democrats
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For reporters in Washington, it’s a frequent refrain from Pres. Joe Biden on the status of negotiations with lawmakers on his domestic agenda: 'I won’t negotiate in the press.'

House speaker Nancy Pelosi said Friday that “more than 90%” of the massive social infrastructure bill is agreed to.For reporters in Washington, it’s a frequent refrain from President Joe Biden on the status of negotiations with lawmakers on his domestic agenda:"I won’t negotiate in the press."

Early Friday morning, Biden hosted House Speaker Nancy Pelosi at the White House for breakfast, with Senate Majority Leader Chuck Schumer joining remotely, the three leaders already back at the bargaining table. Biden's town hall capped off what has been the most momentous week of negotiation in months, with the president acquiescing to losing some key programs from his initial $3.5 trillion wish list, in order to meet those moderates calling for less government spending. The acknowledgement of the concessions could send a signal to Democrats that a deal on the package, which has been whittled from Biden’s $3.5 trillion wish list to just under $2 trillion, is imminent.

"Senator Sinema is opposed to any tax rate hikes for corporations and for high earners," Biden said, offering an unusual amount of insight into his talks with the moderate Democrat.Sen. Kyrsten Sinema speaks during a committee hearing on Capitol Hill in Washington, D.C., Oct. 19, 2021. "He says he doesn't want to further burden Medicare so that -- because it will run out of its ability to maintain itself in the next number of years. There's ways to fix that, but he's not interested in that part, either. But, look, Joe -- Joe's not a bad guy. I mean, he's a friend. And he's always, at the end of the day, come around and voted for it," Biden said.

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