Biden makes big announcement about bailing out the U.S. economy, but Democrats won’t vote

United States President Joe Biden said the Democratic Party has reached the necessary conditions for a budget bill that includes historic investments in the United States that should help bolster the economy and reduce deficits, Reuters reported.

Biden made a statement from the White House shortly before traveling overseas to the G-20 summit in Rome and then to the UN climate conference in Glasgow.

“I am delighted to announce after months of difficult and thorough negotiations that we have a historical economic foundation,” the US President said.

Despite Biden’s optimism, the fate of his budget plan remains uncertain as divisions between the progressive and moderate Democrats continue to slow progress in voting for the president’s proposals. This concerns the $ 1 trillion infrastructure bill and the $ 1.75 trillion plan to expand welfare and combat climate change.

A serious economic crisis in the United States has been going on for several years, many businesses have gone bankrupt, and a large number of people have become unemployed.

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Georgy Orlov

Source: Русская весна by

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