Skip to main content

New top story from Time: President Biden Says ‘Everybody is Frustrated,’ as His Agenda Stalls

https://ift.tt/2ZQs2GW

WASHINGTON — President Joe Biden on Saturday acknowledged frustrations as Democrats strain to rescue a scaled-back version of his $3.5 trillion government-overhaul plan and salvage a related public works bill after frantic negotiations failed to produce a deal.

“Everybody’s frustrated, it’s part of being in government, being frustrated,” Biden told reporters before leaving the White House for a weekend stay at his home in Wilmington, Delaware. He pledged to ”work like hell” to get the two pillars of his domestic agenda passed into law, but refrained from laying out a new deadline.

The president had gone to Capitol Hill on Friday for a private meeting with House Democrats that was partly a morale booster for the disjointed caucus of lawmakers. According to lawmakers in the room, he discussed a $1.9 trillion to $2 trillion-plus price tag for the larger package that would expand the country’s social safety net.
[time-brightcove not-tgx=”true”]

The White House and its allies in Congress are prepared for protracted negotiations. Biden said he would soon travel around the country to promote the legislation and he acknowledged concerns that the talk in Washington had become too focused on the trillions in new spending and taxes in the bill.

He pledged to do more to educate the public about the plan’s new and expanded programs, which he contended have the support of the vast majority of the electorate.

“I’m going to try to sell what I think the American people will buy,” Biden said Saturday, adding, “I believe that when the American people are aware of what’s in it we’ll get it done.”

The president said he believed the legislation will be signed into law with “plenty of time to change the tax code for people next year.”

It’s a pivotal time for Biden and the party. His approval ratings have dropped and Democrats are restless, eager to deliver on his signature campaign promise of rebuilding the country. His ideas go beyond roads-and-bridges infrastructure to delivering dental, vision and hearing care for seniors, free prekindergarten, major efforts to tackle climate change and other investments that would touch countless American lives.

Holdout Democratic Sen. Joe Manchin of West Virginiahad dashed hopes for a swift compromise on a framework when he refused to budge late Thursday on his demands for a smaller overall package, about $1.5 trillion.

Without a broader deal, prospects for a vote on the companion public works bill stalled out as progressives refused to commit until senators reached agreement. House Speaker Nancy Pelosi, D-Calif., told colleagues that “more time is needed” as they shape the broader package.

The House passed a 30-day measure to keep transportation programs running during the stalemate, essentially setting a new deadline for talks, Oct. 31. The Senate was set to follow with a vote Saturday, to halt the furloughs of more than 3,500 federal transportation workers, a byproduct of the political impasse.

With Republicans solidly opposed to Biden’s sweeping vision, the president and Democrats are reaching for a giant legislative accomplishment on their own — all to be paid for by rewriting federal balance sheets with tax increases on corporations and the wealthy, those earning more than $400,000 a year.

The larger of Biden’s proposals is a years-in-the-making collection of Democratic priorities with an ultimate price tag he says is zero, because the tax revenue would cover the spending costs.

The White House and Democrats also are focusing on raising the nation’s borrowing limit before the United States risks defaulting on its obligations — a deadline the Treasury Department estimates will be reached no later than Oct. 18. The House has already acted, but Republicans senators have indicated they will not provide votes for bipartisan passage and want Democrats to go it alone.

“I hope that the Republicans won’t be so irresponsible as to refuse to raise the debt limit and to filibuster the debt limit,” Biden said Saturday. “That would be totally unconscionable. Never been done before. And so I hope that won’t happen.’’

Comments

Popular posts from this blog

CBSE very likely to announce Class 10, Class 12 exam schedule tomorrow https://ift.tt/34zqEYO

The Central Board of Secondary Education (CBSE) is very likely to announce the board exam schedule for Class 10 and Class 12 on Tuesday, official sources have said. The CBSE Class 10 and 12 exams are scheduled to be conducted next year through the paper-pen mode and an announcement regarding the examination dates is expected by Union Education Minister Ramesh Pokhriyal Nishank, who will interact with teachers across the country tomorrow. 

New top story from Time: All 53 People Aboard Indonesia Submarine Declared Dead After Vessel’s Wreckage Found

https://ift.tt/3ezrzg5 ANYUWANGI, Indonesia — Indonesia’s military on Sunday officially said all 53 crew members from a submarine that sank and broke apart last week are dead, and that search teams had located the vessel’s wreckage on the ocean floor. The grim announcement comes a day after Indonesia said the submarine was considered sunk, not merely missing , but did not explicitly say whether the crew was dead. Officials had also said the KRI Nanggala 402’s oxygen supply would have run out early Saturday, three days after vessel went missing off the resort island of Bali. “We received underwater pictures that are confirmed as the parts of the submarine, including its rear vertical rudder, anchors, outer pressure body, embossed dive rudder and other ship parts,” military chief Hadi Tjahjanto told reporters in Bali on Sunday. “With this authentic evidence, we can declare that KRI Nanggala 402 has sunk and all the crew members are dead,” Tjahjanto said. An underwater ro...

New top story from Time: Ireland Abandons 12.5% Tax Pledge as Global Deal Races to Finish

https://ift.tt/3iFmrts Ireland is ready to sign up to a proposed global agreement for a minimum tax on companies, a climbdown that removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals. On the eve of a key meeting between 140 countries hosted by the Organization for Economic Cooperation and Development, the Irish government said it will join the push for a floor of 15% levied on profits of corporate entities. “This agreement is a balance between our tax competitiveness and our broader place in the world,” Irish Finance Minister Paschal Donohoe said in a statement Thursday evening announcing the pledge. The decision “will ensure that Ireland is part of the solution in respect to the future international tax framework.” [time-brightcove not-tgx=”true”] The rate agreed is 2.5 percentage points higher than the longstanding level that has been a pillar of Ireland’s economic model for a generation, underscoring its huge symbolic signifi...

New top story from Time: Hurricane Ida Winds Hit 150 MPH Ahead of Louisiana Strike

https://ift.tt/3jmdoyl NEW ORLEANS — Hurricane Ida rapidly grew in strength early Sunday, becoming a dangerous Category 4 hurricane just hours before hitting the Louisiana coast while emergency officials in the region grappled with opening shelters for displaced evacuees despite the risks of spreading the coronavirus. As Ida moved through some of the warmest ocean water in the world in the northern Gulf of Mexico, its top winds grew by 45 mph (72 kph) to 150 mph (230 kph) in five hours. The system was expected to make landfall Sunday afternoon, set to arrive on the exact date Hurricane Katrina ravaged Louisiana and Mississippi 16 years earlier. [time-brightcove not-tgx=”true”] The hurricane center said Ida is forecast to hit at 155 mph (250 kph), just 1 mph shy of a Category 5 hurricane. Only four Category 5 hurricanes have made landfall in the United States: Michael in 2018, Andrew in 1992, Camille in 1969 and the Labor Day Hurricane of 1935. Both Michael and Andrew were u...

MTA Board of Directors Welcomes Lydia So

MTA Board of Directors Welcomes Lydia So By Stephen Chun Lydia So, a championed public servant, advocate for the AAPI community and an accomplished urban planner, designer and architect, has joined the SFMTA’s Board of Directors. She was appointed in June 2023 and sworn in by Mayor London Breed on Aug. 23, 2023, at Central Subway’s Chinatown Rose Pak Station, in line with her personal connection with the Chinatown community.   So was born in Hong Kong and is fluent in Chinese (Cantonese). She is the founder of the architecture firm SOLYD Architecture, Management and Design. She is a former Historic Preservation Commissioner for the San Francisco Planning Department where she voted in favor of the Potrero Yard Modernization Project that is expected to bring hundreds of housing units to our city while maintaining the functions of the SFMTA. She was the first Chinese American Historic Preservation Commissioner, implemented the Planning Department’s Racial and Social Equity po...

New top story from Time: Latino Entrepreneurs Were Among the Hardest Hit by the Pandemic. Now They Could Spur the Economic Recovery

https://ift.tt/3BenJmJ Jaime Macias could hardly have opened his bar and restaurant, Jaime’s Place, at a worse time. In the weeks before his scheduled grand opening in October 2020, COVID-19 ran rampant through San Antonio. Restrictions had shuttered the doors of bars and restaurants, and Macias’ own Latino community was particularly hard hit , with people dying at higher rates than the overall population. Macias, 56, had poured his life savings into the restaurant on the West Side of the city, and unexpected costs brought him within $800 of going broke before the restaurant even opened. A year later, a stream of loyal customers fill Jaime’s Place each night, drawn by publicity Macias’ 26-year-old daughter Gabriela posts on Instagram and Facebook, to watch live performances or dance under a tin canopy decorated with Mexican papel picado. Regulars ranging from agricultural workers to officials from the San Antonio mayor’s office gather at tables in the bar’s open lot. Althoug...

New top story from Time: COVID-19 Surge Hits New England Despite High Vaccination Rates

https://ift.tt/3uDfGgM Despite having the highest vaccination rates in the country, there are constant reminders for most New England states of just how vicious the delta variant of COVID-19 is . Hospitals across the region are seeing full intensive care units and staff shortages are starting to affect care. Public officials are pleading with the unvaccinated to get the shots. Health care workers are coping with pent-up demand for other kinds of care that had been delayed by the pandemic. “I think it’s clearly frustrating for all of us,” said Michael Pieciak, the commissioner of the Vermont Department of Financial Regulation who monitors COVID-19 statistics for the state. “We want kids to be safe in school, we want parents not to have to worry about their child’s education and health.” [time-brightcove not-tgx=”true”] Even though parts of New England are seeing record case counts, hospitalizations and deaths that rival pre-vaccine peaks, largely among the unvaccinated, the...

New top story from Time: Congressional Democrats’ Infighting Is Jeopardizing a Historic Expansion of Housing Access

https://ift.tt/3A1X0bf As Democrats spar over a sweeping bipartisan infrastructure bill and an even bigger budget reconciliation package that includes funding for everything from universal pre-k to free community college, the fate of a historic investment in America’s housing policy hangs in the balance. Earlier this month, the House Financial Services Committee advanced $322 billion in federal spending recommendations on housing investments, including $75 billion in new funds for Housing Choice Vouchers. If that passed, it would mark the most significant investment in housing aid since the Housing Choice Voucher program, the nation’s largest source of rental assistance, was created in 1974. It would result in roughly 750,000 more federal vouchers that low-income Americans can use to underwrite the cost of affordable rental units, and eventually help roughly 1.7 million more people increasing the number of Americans served by roughly one-third , according to a new analysis ...