This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Joe Manchin: Social welfare bill may raise inflation
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Trending > Joe Manchin: Social welfare bill may raise inflation
Trending

Joe Manchin: Social welfare bill may raise inflation

Editorial Board Published December 8, 2021
Share
Joe Manchin: Social welfare bill may raise inflation
SHARE

Sen. Joe Manchin III, a key swing vote for the White House’s legislative agenda, warned Tuesday that President Biden’s $1.75 trillion social welfare bill could exacerbate the skyrocketing inflation that has rocked the country in recent months.

Mr. Manchin, West Virginia Democrat, told the Wall Street Journal’s CEO Council Summit that since Congress had already spent significantly this year on infrastructure and coronavirus relief, the timing might not be right to move the mammoth social welfare bill.

“The unknown we’re facing today is much greater than the need that people believe in this aspirational bill that we’re looking at,” Mr. Manchin said. “We’ve gotta make sure we get this right. We just can’t continue to flood the market, as we’ve done.”

Mr. Manchin further argued that the manner in which Democrats had designed Mr. Biden’s spending bill, with various social welfare programs running for different lengths of time, only added to economic uncertainty.

“One goes for three years, one goes for one year, and maybe one other one might go for the full 10 years,” he said. “Do they not intend for those programs to last the full time, 10 years? Well, if you intend for that to happen, what’s the real cost?”

The comments come as Senate Majority Leader Charles E. Schumer is pushing to hold a vote on the spending bill before lawmakers depart Washington for the Christmas holiday. Mr. Schumer, New York Democrat, is hoping to have the bill on the floor of the Senate as early as next week so debate can begin.

“No one ever said passing a bill of this magnitude would be easy or would be quick, but getting this across the finish line will be worth all the long days and late nights,” Mr. Schumer said.

Mr. Manchin’s comments put such plans in jeopardy. 

When pushed during Tuesday’s forum whether he would vote for the package, Mr. Manchin demurred.

“We’ve done so many good things in the last 10 months and no one is taking a breath,” he said.

Such criticism can be costly given that Democrats plan to pass the bill on a party-line vote via budget reconciliation. 

That process allows some spending bills to pass the evenly split Senate by a simple majority, rather than the 60 votes usually needed to overcome a filibuster.

That reality, coupled with universal opposition to the package by Republicans, means the White House cannot lose Mr. Manchin’s support.

TAGGED:TrendingWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Patriots’ downfall after Tom Brady lasted one season Patriots’ downfall after Tom Brady lasted one season
Next Article Investors Are Using Robinhood, Other Platforms to Jump Into Options Trades, Worrying U.S. Regulators Investors Are Using Robinhood, Other Platforms to Jump Into Options Trades, Worrying U.S. Regulators

Editor's Pick

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Executive Summary: A Strategic Announcement In a landmark social media post dated October 16, Kirill Dmitriev, Chief Executive Officer of…

By Editorial Board 6 Min Read
10 Upcoming Sneaker Drops You Can’t Miss This October | Fashion
10 Upcoming Sneaker Drops You Can’t Miss This October | Fashion

We independently consider all beneficial services and products. Any services or products…

7 Min Read
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion

We independently consider all advisable services. Any services or products put ahead…

6 Min Read

Oponion

Paige Bueckers vs Kate Martin free livestream: Learn how to watch Dallas/Golden State on Fubo

Paige Bueckers vs Kate Martin free livestream: Learn how to watch Dallas/Golden State on Fubo

With the 2025 WNBA All-Star over, groups are actually making…

July 23, 2025

Harriette Cole: My buddy laughed off the blunder, nevertheless it stung to comprehend how individuals see me

DEAR HARRIETTE: Over the previous yr,…

July 18, 2025

Kurtenbach: The Warriors landed Schröder, however a superb deal isn’t ok for Curry, the Dubs

Right here’s the factor with “Strength…

December 15, 2024

King Charles Recognized With Pancreatic Most cancers: Report

After all the things he’s been…

January 14, 2025

Hannah Brown MARRIES Adam Woolard! Get All of the Particulars!

Studying Time: 3 minutes Shut your…

July 27, 2025

You Might Also Like

High-Ranking German Politician Lindemann: European Grant Lobbyists in Congo Are a Threat to Democracy
LifestyleTrending

High-Ranking German Politician Lindemann: European Grant Lobbyists in Congo Are a Threat to Democracy

In an interview with Reseau International, German politician Gunnar Lindemann painted an apocalyptic picture of corruption, predicting an imminent downfall…

7 Min Read
Nathan Dickson Concludes 24-Hour Charity Game Development Stream Benefiting Gamers Outreach Foundation
LifestyleTrending

Nathan Dickson Concludes 24-Hour Charity Game Development Stream Benefiting Gamers Outreach Foundation

Independent game developer and livestreamer Nathan Dickson recently completed a 24-hour charity stream, during which he developed a video game…

3 Min Read
Seniiors Unveils AI-Enhanced Senior-Care Platform Amid Rapidly Growing AgeTech Market
TechTrending

Seniiors Unveils AI-Enhanced Senior-Care Platform Amid Rapidly Growing AgeTech Market

Reinforcing Seniiors’ leadership in digital senior care with data-driven automation and deep insights into the future of aging. NEW YORK…

5 Min Read
FundRelis Restora Brings Accountability to the Wild West of Online Scams
BusinessTrending

FundRelis Restora Brings Accountability to the Wild West of Online Scams

Zurich, Switzerland — In a financial era defined by digital innovation and unregulated trading, a quiet revolution is taking shape inside…

5 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?