Biden Races to Clinch Deal on Agenda Days Before His Europe Trip

Oct. 25, 2021, 6:00 AM

President Joe Biden and fellow Democrats are racing to reach agreement on a scaled-back version of his economic agenda, with a self-imposed deadline and his departure later this week for summits in Europe intensifying pressure on negotiations.

Biden met Sunday with Senate Majority Leader Chuck Schumer and West Virginia Democratic Senator Joe Manchin, who has used his pivotal vote in the 50-50 Senate to force his party to shrink what had been a $3.5 trillion plan for social spending and measures to address climate change.

The meeting provided no breakthrough, but the rare in-person Sunday breakfast discussion at Biden’s ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.